CEO Foreword
Dear Colleagues,
October was marked by key developments that reinforced our commitment to driving economic diversification and innovation. We registered 60 new firms, contributing to Qatar's expanding economy. We also forged a new partnership with Qatar Manpower Solutions Co. (Jusour) through a Memorandum of Understanding aimed at empowering entrepreneurs and enriching Qatar’s talent landscape. This collaboration holds great promise for creating new opportunities, improving skills, and driving productivity across sectors.
Additionally, this month, we officially kick-started activities within the Digital Assets Lab by hosting a virtual event to introduce all participants. The event offered exclusive insight into the Lab’s objectives and its role in advancing digital asset technologies, with participating innovators showcasing their cutting-edge solutions and demonstrating how they aim to transform financial services and tokenisation.
Our engagement with the local business community continued through our participation in the North Oil Nationalisation Event and Qatar Real Estate Forum. At these events, we had the opportunity to share insights on the growing role of young Qataris in shaping the future of our economy, as well as the potential of tokenisation to revolutionise Qatar's real estate sector by increasing investment accessibility, liquidity and market efficiency, enabling a broader range of investors to participate and enhancing overall market transparency.
I look forward to continuing to build on these foundations to support Qatar’s future growth.
Sincerely,
QFC News Highlights
Qatar & Global Insights Hub
Market Trends
The World Bank has lowered its growth forecast in the Middle East and North Africa (MENA) to 2.2% this year from 2.4% in its June forecast because of uncertainties heightened by the conflict in the region.
World Bank
The International Monetary Fund expects the global economy will grow by 3.2% in 2025. The good news is that global growth and rate cuts are poised to continue.
IMF
Gulf Cooperation Council banks are well equipped to manage potential funding outflows in the event of ongoing regional conflicts thanks to strong liquid assets, an analysis has found.
S&P Global
Qatar National Bank expected that growth in volumes of trade to continue to recover, increasing to 3.2 percent in 2025, from an expected 2.8 percent this year, amid positive leading trade indicators, aggressive economic stimulus measures in China, and the policy interest rate cutting cycles in advanced economies.
QNB