Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar - PM calls for more private sector role  Join our daily free Newsletter

MENAFN - The Peninsula - 11/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) The Prime Minister and Interior Minister H E Abdullah bin Nasser bin Khalifa Al Thani has called for an active participation of private sector in Qatar's ongoing economic diversification process.

After taking effective action during the global economic crisis to ensure stability and sustainable development, Qatar is now embarking on a new phase of sustainable development. The focus of this new phase is the diversification of the national economy and expansion of non-oil and gas sectors. We are looking for the active participation of the private sector to encourage positive competition and to support the employment, training and development of young people, he said while opening the two-day "The Euromoney Qatar Conference" here yesterday.

The Prime Minister reiterated Qatar's commitment to continue the development process to transfer the state into a modern state and enabling it to interact positively with the requirements of the times .

The state enters a new stage of the comprehensive development process aiming at building institutions based on the latest effective methods for administering resources. The oil and gas sector has been the main driver of Qatari economy for long. The new phase requires the government to focus more on diversification of the sources of the economy supporting the development and expansion in non-oil sectors.

Sheikh Abdullah noted that the government is working to prepare citizens to participate effectively in the production and development process by providing the educational and health services in the state , which are considered the best way to achieve comprehesive and sustainable development in the country.


The Prime Minister's statement was reinforced by H E Ali Sherif Al Emadi, Minister of Finance, who spoke on the role of the financial sector in supporting stability and ensuring the achievement of the Qatar National Vision 2030.

"Financial stability requires sound fiscal policies and the development of a financial system that can cope with risks and boost the capacity of the national economic system to absorb risks. The next phase of development in Qatar will be driven by large-scale infrastructure projects, which will require the input and support of the private sector, and which will deliver a major contribution to the welfare of the citizens of Qatar," he said.

H E Sheikh Abdullah bin Saoud Al Thani, Governor of the Qatar Central Bank, highlighted the measures taken by the bank to date, and also indicated the strong plans in place to ensure long-term sustainable development.

"Qatar Central Bank has launched initiatives to promote the effectiveness of the finance sector in reducing risk, developing capital markets, and increasing the stability of financial processes. Just recently, we have launched a strategy for the development of capital markets with other ministries, based on the Qatar National Vision 2030," he said.

The Governor noted the combined assets of Qatar's commercial banks grew by 10 percent to QR898.5bn in November 2013, compared to QR817bn at the end of 2012. The deposit to the commercial banks grew 20.8 percent to QR504bn in November 2013, compared to QR417bn in December 2012. The loan book grew 10.6 percent in November 2013 reaching QR527.4bn.

 


The Peninsula




  MENA News Headlines
 Aug 28 2016 - TeleTXT Storms the App Market with their TeleTXT MessengerMENAFN Press
(MENAFN Press) TeleTXT Messenger is a cross-platform mobile messaging app which allows you to send messages to TV and Radio channels without having to pay for SMS, beside this so many available ...

 Aug 28 2016 - SOUTH SUDAN: Nearly 50,000 internally displaced People cut off from Humanitarian Assistance due to Increased ViolenceMENAFN Press
(MENAFN Press) SOUTH SUDAN: Nearly 50,000 internally displaced People cut off from Humanitarian Assistance due to Increased Violence The medical-humanitarian organisation Doctors Without Borders ...

 Aug 28 2016 - Turkey Looks to Gulf Nations to Support TourismMENAFN Press
(MENAFN Press) In the lead up to the public holidays marking Eid Al Adha in September, the Turkish Ministry of Culture and Tourism is looking to visitors from Gulf countries to offset the recent ...

 Aug 28 2016 - Construction worker becomes the new millionaire of Al Ansari RewardsSummer Promotion 2016'MENAFN Press
(MENAFN Press) UAE, August 24, 2016– Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, has announced the name of the third millionaire of ‘Al ...

 Aug 28 2016 - Sophos Expands Sophos Central Cloud-Based Management Platform with Sophos EmailMENAFN Press
(MENAFN Press) Sophos (LSE: SOPH), a global leader in network and endpoint security, today announced that Sophos Email is now available in its cloud-based Sophos Central management platform. ...

 Aug 28 2016 - Bloom Properties Set to Repeat its Success by Handing over Bloom Gardens Phase-3 Ahead of ScheduleMENAFN Press
(MENAFN Press) Abu Dhabi-UAE: 24 August, 2016 – Bloom Properties, a Bloom Holding subsidiary specialized in the development of integrated and sustainable communities, is set to deliver Phase ...

 Aug 28 2016 - Bentley Technology Enables Vic's Crane & Heavy Haul to Build and Deliver a 160-foot-long Process Vessel on Time and as Safely as PossibleMENAFN Press
(MENAFN Press) August 25, 2016: Flint Hills Resources chose Vic";s Crane & Heavy Haul to transport a 160-foot-long, 750,000-pound process vessel by barge and trailers to its Pine Bend Refinery in ...

 Aug 28 2016 - 20 Boxes of Donations from AFG Employees to Emirates Red CrescentMENAFN Press
(MENAFN Press) Al Fahim Group (AFG) has donated 20 boxes to the Emirates Red Crescent through the employee Box Appeal Campaign for the third consecutive year as part of its annual Ramadan CSR ...

 Aug 28 2016 - Red Hat Powers New Generation of High-performance virtualization based on open standards with Red Hat Virtualization 4MENAFN Press
(MENAFN Press) DUBAI, UAE, 25th AUGUST, 2016 – Red Hat, Inc. (NYSE: RHT), the world's leading provider of open source solutions, today announced the general availability of Red Hat ...

 Aug 28 2016 - Emirates NBD ClassicsAriane Haering and Benjamin Schmid in DUCTAC!MENAFN Press
(MENAFN Press) An enchanting evening of Western Classical Music with Benjamin Schmid and Ariane Haering. The Swiss-born pianist Ariane Haering has a richness of chamber music repertoire. ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help