Business

Wednesday, December 24, 2025 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Gulf Times

US economy grows at its fastest pace in two years during Third Quarter of 2025

The US economy grew at its fastest pace in two years during the third quarter of this year, driven by strong consumer spending and a sharp rebound in exports. However, this momentum appears to have slowed amid rising living costs and the recent government shutdown.The Bureau of Economic Analysis, part of the US Department of Commerce, reported in its preliminary estimate of third-quarter GDP that the gross domestic product (GDP) grew at an annualized rate of 4.3% in the last quarter, the fastest growth rate since the third quarter of 2023.According to CNN, the stronger-than-expected increase in GDP during the last quarter, announced by the Commerce Department last night, reflects continued business investment in equipment and artificial intelligence. Government spending, mostly on defense, also contributed to this growth.Inventories and residential spending, which includes home construction and sales, were the only factors that negatively impacted GDP. The increase in consumer spending was the fastest in nearly a year, as households spent generously on recreational goods, vehicles, and international travel.Consumer spending also rose by 3.5% in the third quarter, marking its strongest growth rate since the fourth quarter of 2024, after growing by 2.5% during the period from April to June.


The delegation visited Doha as part of Builders VC’s broader strategy to deepen its engagement in the Middle East and support 
high-growth global companies exploring regional expansion.

4 international firms visit Qatar amid growing focus on innovation, AI

A delegation comprising four senior executives from the portfolio companies of Builders VC held meetings with senior Qatari institutions and innovation leaders to assess pathways for long-term market integration, localised operations, and participation in the country’s rapidly scaling national artificial intelligence (AI) and advanced-technology ecosystem. According to Builders VC, the delegation visited Qatar to explore early opportunities in the region. It includes Colossal Biosciences, a biotechnology company developing advanced genetic engineering and de-extinction technologies, and Augment.Market, a platform enabling accredited investors and shareholders to buy and sell shares in privately held companies before they go public. Also part of the delegation is Argus Cognitive, an AI-driven behavioural diagnostics platform that uses smartphone-based assessments to help identify early indicators of autism and neurodevelopmental conditions (the technology was originally developed at Qatar Foundation), and Native Microbials, a biotechnology company producing next-generation probiotics and microbiome solutions to improve livestock productivity, sustainability, and animal health. The visit, which preceded the announcement of Qai, underscored growing alignment between global frontier technology companies and Qatar’s long-term innovation agenda.A Reuters report stated that “Brookfield and Qai, an artificial intelligence company owned by Qatar’s sovereign wealth fund, have formed a $20bn joint venture to develop artificial intelligence infrastructure in Qatar and select international markets, the two groups said on Tuesday.” The report also stated, “The Gulf country’s $526bn sovereign wealth fund, the Qatar Investment Authority (QIA), said on Monday it was setting up its own national AI company, Qai, following in the steps of regional peers the UAE and Saudi Arabia, as they invest to become global AI hubs outside of the US and China.” Jim Kim, managing partner at Builders VC, said: “Qatar has laid out a clear national strategy to build a diversified, innovation-led economy anchored in advanced technologies and global collaboration. “Our focus is to introduce world-class companies that can contribute real operating capability, talent development, and long-term value to that vision. This delegation reflects the alignment we’re seeing with Qatar’s national AI trajectory.” Kim said the delegation visited Doha as part of Builders VC’s broader strategy to deepen its engagement in the Middle East and support high-growth global companies exploring regional expansion. It also aligned with Qatar’s broader innovation and diversification priorities, at a time when the country is stepping up investment in advanced digital and AI infrastructure, most recently through the launch of Qai and its strategic initiatives to strengthen national digital capacity. During the visit, Builders VC held an exclusive networking reception in collaboration with the QIA and the Q Venture Capital Association (QVCA). The delegation also explored opportunities for technology localisation, reviewed regulatory considerations, and assessed possibilities for early market testing and R&D initiatives in meetings with key national institutions, including the Qatar Research, Development and Innovation Council (QRDI), Qatar Science & Technology Park (QSTP), Qatar Development Bank (QDB), the Qatar Financial Centre (QFC), Hassad Foods, and Earthna. Tarik Sultan, general partner and head of Mena at Builders VC, said: “What stood out during this visit was Qatar’s readiness to move with purpose. The institutions we met were aligned, strategic, and deeply committed to accelerating the innovation priorities outlined in NDS3 and Qatar National Vision 2030. It’s exactly the kind of environment where our companies can scale, build local capabilities, and contribute meaningfully to long-term national development.”