Quotes: 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."


 


Qatar News Agency




  MENA News Headlines
 Aug 2 2015 - Mine Blast Kills One Soldier, Injures Four in Northeast TurkeyQatar News Agency
(MENAFN - QNA) A Turkish soldier were killed and four others were injured in a mine blast in the Turkish northeast province of Kars, security sources said. Turkey's Anadolu Agency reported that ...

 Aug 2 2015 - Turkish Prime Minister Meets HE Qatar's Minister of State for DefenseQatar News Agency
(MENAFN - QNA) Turkish Prime Minister Ahmet Davutoglu met Sunday with HE Qatar's Minister of State for Defense Affairs Major-General Hamad bin Ali Al Attiyah and his accompanying delegation on the ...

 Aug 2 2015 - HE Prime Minister Meets US Assistant Secretary of StateQatar News Agency
(MENAFN - QNA) HE Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al-Thani met Sunday with US Assistant Secretary of State for Near Eastern Affairs Anne Patterson and ...

 Aug 2 2015 - Dubai property giant Emaar's profit up 12% in first halfAFP
(MENAFN - AFP) Dubai-based developer Emaar Properties on Sunday reported a 12 percent rise in net profits for the first six months of 2015 due to high revenues from its shopping malls and ...

 Aug 2 2015 - 'Egyptian Industrial Product Preference' regulation will decrease foreign product imports: FEI board memberDaily News Egypt
(MENAFN - Daily News Egypt) The Ministry of Industry and Foreign Trade announced it has finalised an executive regulation of Law 5/2015 to create a preference for Egyptian industrial products in ...

 Aug 2 2015 - Egypt's economy grows 4.7% in first 9 months of FY 2014/2015Daily News Egypt
(MENAFN - Daily News Egypt) Egypt's economic growth rate in the first nine months of fiscal year (FY) 2014/2015 grew by 4.7%, Minister of Planning Ashraf El-Araby said in a Saturday press ...

 Aug 2 2015 - Barclays says its activities in Africa strengthenedDaily News Egypt
(MENAFN - Daily News Egypt) Barclays has increased its contribution to the African market and strengthened its business in South Africa, the bank said in a recently published report.It is working to ...

 Aug 2 2015 - Al-Azhar Grand Imam sends condolences to bin Laden familyDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's top religious institute Al-Azhar sent its condolences to the Saudi bin Laden family, after a plane crash in the UK left three members of the family dead.Al-Azhar's ...

 Aug 2 2015 - Egypt- Al Jazeera re-trial further postponed to 29 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The retrial of Al Jazeera journalists Mohamed Fahmy, Peter Greste and Baher Mohamed has been postponed for the second time, with the verdict now expected on 29 August.The ...

 Aug 2 2015 - Strategic dialogue follows Egypt's strategy to decentralise source of weapons: ResearcherDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's Foreign Minister Sameh Shoukry met with his US counterpart John Kerry in Cairo on Sunday for the strategic dialogue between both countries, the first meeting of ...

more...


 






Google

Click to Apply

 
 

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