Qatar’s financial wealth grew by a compound annual growth rate (CAGR) of 3.6% to $263bn during 2015-20 and is expected to grow 3.1% CAGR to $306bn by 2025, indicating the Gulf country's resilience amidst the protracted Covid-19 pandemic, according to Boston Consulting Group (BCG).
Islamic equities rose faster than the conventional ones in the Qatar Stock Exchange, which Tuesday gained about 27 points to inch near the 10,850 levels.
Societe Generale SA gave an upbeat outlook for the year as the economic recovery allows it to set aside less for soured loans and a rebound in equities trading fuelled earnings that beat analysts’ estimates.
India’s main stock indexes closed at a record high as investors bet that Asia’s third-largest economy will keep the stimulus taps flowing to recover from a deadly wave of the coronavirus.
A robust double-digit growth in the new vehicles, especially personal use and private transport as well as heavy equipment, helped Qatar's automobile sector maintain a bullish trend in June this year, according to the official statistics.
Qatar’s total value of foreign merchandise trade amounted to QR33.2bn in May 2021, showing a month-on-month (m-o-m) increase of 14.1%, Qatar Chamber stated in its monthly economic newsletter for July.
Qatar is well-positioned to regain market share over the coming decade in low-carbon investments, according to Fitch Solutions.
GCC polymer production capacity is expected to have reached 30.9mn tonnes in 2020, growing by 4.7% CAGR since 2010, Gulf Petrochemicals and Chemicals Association (GPCA) has said in a report.
An international symposium slated this September is expected to showcase political, economic, and cultural co-operation between Qatar and Germany, according to the German Industry & Commerce Office Qatar (AHK).
Parker-Hannifin Corp, the US maker of industrial motion-control systems, agreed to buy Meggitt Plc for £6.3bn ($8.8bn) in cash to strengthen its hand in a rebounding aerospace industry.