Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Qatar Construction Sector's Business Optimism at 3Year High  Join our daily free Newsletter

MENAFN - Qatar News Agency - 01/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Qatar News Agency) Ha june 01 (qna) - qatar construction industry's business optimism in the second quarter of 2014 is at its highest for three years according to a survey by a private index.

the boi score of 54 for q2 2014 was three points up from q1 2014 and 13 points up from q2 2013. higher scores for selling prices net profits and hiring drove the overall result for q2 2014.

dun and bradstreet's business optimism index (boi) also reveals finance real estate and business service sector has recorded their second highest optimism score since the first quarter of 2011.

sponsored by the qatar financial centre authority (qfc authority) in partnership with the qatar businessmen association (qba) the survey also reveals the score for the finance real estate and business services sector was 18 points higher in q2 2014 than in q2 2013.

the sector’s rise stems from the strong qatari economy higher demand for insurance for new construction and an increase in savings and investment by a growing population.

within this sector the outlook for finance and insurance firms was stronger than for real estate and business services firms on volumes new orders and profits.

the index for the consolidated non-hydrocarbon sector was 47 points which was up seven points year-on-year but showed a decline of two points from q1 2014.

the decline was mainly due to seasonal factors specifically the impact of the coming summer season on sectors such as trade & hospitality and related services such as event management.

qfc authority deputy chief executive officer yousef mohammed al jaida said "this latest boi survey shows that qatar's finance real estate and business services sector continues to strengthen.

"no fewer than 64% of respondents in the sector expect higher profits in the second quarter of 2014. construction is emerging as a major force behind the sector’s growth as well as boosting qatar's economy more generally. these trends are further evidence of the extent to which the economy is diversifying." on behalf of the qatari businessmen association sheikh mohammed bin faisal al thani said "qatar's private sector is committed to playing a productive and entrepreneurial role in the development of our nation’s economy as set out in the qatar national vision 2030. it is clear from the boi survey for q2 2014 that on measures such as investment employment and profitability qatar's businesses are fulfilling that role." commenting on the findings of the most recent survey dun and bradstreet south asia middle east associate director prashant kumar said "the boi in q2 2014 for the non-hydrocarbon sector has improved by seven points on a year-on-year basis reflecting an increasing optimism amongst the business community in qatar.

construction is the most optimistic. it has the highest boi score as well as the highest proportion (49%) of businesses planning to invest in business expansion.

positive expectations for the construction sector are driving the optimism amongst businesses in other associated sectors with around 65% respondents in the non-hydrocarbon sector expecting an increase in sales volumes in the next quarter."


 






  MENA News Headlines
 Sep 1 2014 - Qatar- Summary of Local News Released SundayQatar News Agency
(MENAFN - QNA) A summary of local news released Sunday by Qatar News Agency. - HH the Emir Sheikh Tamim bin Hamad Al-Thani sent on Sunday a cable of congratulations to Peresident of Kyrgyzstan ...

 Sep 1 2014 - China to become GCC's biggest oil importerMENAFN
(MENAFN) China is set to depend heavily on the capacity of the Gulf Cooperation Council (GCC) to provide a stable flow of oil for the next ten years, Saudi Gazette reported.The deal earlier announced ...

 Sep 1 2014 - Kazakhstan to boost bilateral ties with OmanMENAFN
(MENAFN) Kazakhstan expressed its aims to boost bilateral relations with Oman with increased diplomatic visits and trade relations, Oman Observer reported.The Sultanate has contributed to ...

 Sep 1 2014 - Qatar- Summary of Local News Released Sunday - 1-Qatar News Agency
(MENAFN - QNA) - The Qatar Philharmonic Orchestra will travel to the Royal Albert Hall in London next month to perform at the BBC Proms. The orchestra will perform the music of Sergei Rachmaninoff, ...

 Sep 1 2014 - 'City of Light' could recapture an intellectual leadership roleArab News
(MENAFN - Arab News) The holy city of Madinah has found a special place in World Economic Forum's report of the global agenda council on competitiveness.The report titled 'The Competitiveness of ...

 Sep 1 2014 - Final agreement for USD2b Omagine project near signingMENAFN
(MENAFN) A final agreement regarding the establishment of the Omagine real estate, tourism and entertainment project, which would cost USD2 billion and planned to be near Muscat International ...

 Sep 1 2014 - Global PTFE Market to Reach USD 6,440.0 Million by 2020MENAFN Press
(MENAFN Press) Global PTFE sales were estimated at USD 3,465.0 million in 2012, and are expected to reach USD 6,440.0 million by 2020, growing at a CAGR of 8.1% from 2013 to 2020, according to new ...

 Sep 1 2014 - Dubai set to stage Gary Barlow show in OctoberKhaleej Times
(MENAFN - Khaleej Times) Why the news of one pop concert in Dubai has wider (and happier) implications according to Adam Zacharias And so it begins.Earlier this week on my drive to work I heard on ...

 Sep 1 2014 - UAE- I always turned up with a couple of tapes: DJ NazKhaleej Times
(MENAFN - Khaleej Times) DJ Naz resident spinner at Toro Toro in Grosvenor House Dubai tells us about his musical beginnings and why hed like to follow in the footsteps of Ibn Battuta DJ style: ...

 Sep 1 2014 - UAE- Western Sydney Wanderers to feature in Al Jaziras IPIC CupKhaleej Times
(MENAFN - Khaleej Times) Western Sydney Wanderers who saw the back of last years champions Guangzhou Evergrande are set to touchdown in Dubai on Sunday.Ammar Bashir and Ali Al Nuaimi addressing the ...

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help