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The Qatar Stock Exchange (QSE) Tuesday snapped four consecutive days of bullish run with its key index losing as much as 35 points and capitalisation melted about QR2bn,.text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[127743]**reflecting the concerns in the global markets on the interest rates.The transport, insurance, telecom and industrials counters witnessed higher than average selling pressure as the 20-stock Qatar Index declined 0.34% to 10,498.31 points.The foreign institutions and Arab individuals were seen net profit takers in the main market, whose year-to-date losses widened to 3.07%.The Gulf funds were increasingly net sellers in the main bourse, whose capitalisation melted QR1.71bn or 0.28% to QR608.79bn with small cap segments losing the most.As much as 68% of the traded constituents were on the red in the main market, which however, touched an intraday high of 10,546 points.The local retail investors turned bullish in the main bourse, which saw as many as 0.01mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.05mn trade across five deals.The foreign individuals were net buyers in the main market, which saw no trading of sovereign bonds.The Islamic index fell faster than the other indices in the main bourse, which witnessed no trading of treasury bills.The Total Return Index shed 0.34%, the All Islamic Index by 0.68% and the All Share Index by 0.24% in the main bourse, whose trade turnover and volumes were on the decline.The transport sector index tanked 1.87%, insurance (1.17%), telecom (0.92%), industrials (0.65%) and consumer goods and services (0.44%); while banks and financial services gained 0.28% and real estate 0.14%.Major shakers in the main market included Qatar General Insurance and Reinsurance, Milaha, Ezdan, Mesaieed Petrochemical Holding, Meeza, Mannai Corporation, Qatar Insurance and Ooredoo. In the venture market, Mahhar Holding saw its shares depreciate in value.Nevertheless, QLM, Doha Insurance, Commercial Bank, Barwa and Gulf Warehousing were among the gainers in the main market.The foreign institutions turned net sellers to the tune of QR17.02mn compared with net buyers of QR7.41mn on January 15.The Gulf institutions’ net profit booking increased markedly to QR7.55mn against QR3.65mn the previous day.The Arab individuals were net sellers to the extent of QR4.97mn compared with net buyers of QR0.83mn on Monday.However, the domestic institutions’ net buying strengthened considerably to QR26.56mn against QR8.03mn on January 15.The local retail investors turned net buyers to the tune of QR2.5mn compared with net sellers of QR10.74mn the previous day.The foreign individuals were net buyers to the extent of QR0.43mn against net profit takers of QR0.01mn on Monday.The Gulf retail investors turned net buyers to the tune of QR0.05mn compared with net sellers of QR1.78mn on January 15.The Arab institutions had no major net exposure for the fourth straight session.Trade volumes in the main market were down 12% to 132.71mn shares, value by 6% to QR448.91mn and deals by 14% to 14,375.The venture market saw doubled trade volumes to 0.18mn equities and value almost doubled to QR0.21mn on 47% surge in transactions to 22.

The foreign institutions’ bullish outlook Monday lifted the Qatar Stock Exchange (QSE) for the fourth consecutive session and its key index gained 24 points, even as.text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[127743]**capitalisation was on the decline.The telecom sector witnessed higher than average demand as the 20-stock Qatar Index rose 0.23% to 10,523.74 points. The Arab retail investors turned net buyers in the main market, whose year-to-date losses shrank to 2.74%.The foreign individuals’ lower net profit booking had its influence in the main bourse, whose capitalisation nevertheless melted QR0.7bn or 0.11% to QR610.5bn with microcap segments losing the most.The domestic institutions continued to be net buyers but with lesser intensity in the main market, which touched an intraday high of 10,543 points.The Gulf funds were seen bearish in the main bourse, which saw as many as 0.18mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.44mn trade across 18 deals.The Gulf retail investors were increasingly net profit takers in the main market, which saw no trading of sovereign bonds.The Islamic index outperformed the other indices in the main bourse, which witnessed no trading of treasury bills.The Total Return Index rose 0.23%, the All Islamic Index by 0.48% and the All Share Index by 0.02% in the main bourse, whose trade turnover grew amidst lower volumes.The telecom sector index gained 0.65%, transport (0.13%), industrials (0.11%) and banks and financial services (0.04%); while insurance tanked 1.26%, real estate (0.22%) and consumer goods and services (0.1%).Major movers in the main market included Qatar General Insurance and Reinsurance, Masraf Al Rayan, Gulf International Services, Qatar Electricity and Water, Estithmar Holding, Qamco, Ooredoo, Gulf Warehousing and Nakilat.Nevertheless, QLM, Ezdan, Doha Insurance, Mesaieed Petrochemical Holding, Qatar Islamic Insurance, QNB, Doha Bank and Qatar Insurance were among the losers in the main market. In the venture market, Mahhar Holding saw its shares depreciate in value.The foreign institutions turned net buyers to the tune of QR7.41mn against net profit takers of QR5.75mn on January 14.The Arab individuals were net buyers to the extent of QR0.83mn compared with net sellers of QR5.06mn on Sunday.The foreign retail investors’ net profit booking eased perceptibly to QR0.01mn against QR0.95mn the previous day.However, the local retail investors’ net selling strengthened markedly to QR10.74mn compared to QR7.16mn on January 14.The Gulf institutions turned net profit takers to the tune of QR3.65mn against net buyers of QR1.96mn on Sunday.The Gulf retail investors’ net selling expanded noticeably to QR1.78mn compared to QR0.83mn the previous day.The domestic institutions’ net buying decreased considerably to QR8.03mn against QR17.78mn on January 14.The Arab institutions had no major net exposure for the third straight session.Trade volumes in the main market were down 2% to 150.26mn shares, while value shot up 28% to QR476.51mn and deals by 42% to 16,746.The venture market saw a 52% plunge jump in trade volumes to 0.08mn equities and 42% in value to QR0.11mn but on 87% surge in transactions to 15.

Qatar will set up a specialised ‘centre of excellence’ for data and emerging technologies, as Artificial Intelligence, to digitise 90% of its services to citizens by 2030.Moreover, the country will revamp the tools for monitoring operational and institutional performance to track the progress of achieving NDS3 (third National Development Strategy) outcomes.Qatar aims to position itself as a leader in digital government with the aim of digitising 90% of its services to citizens and achieving a customer satisfaction score exceeding 85% across all its services by 2030, said the recently launched NDS3.“To achieve this objective, a specialised Centre of Excellence for data and emerging technologies, such as AI, will be established to drive several initiatives. This includes the development of a comprehensive national data governance and management framework, ensuring improved data availability and quality,” it said.Additionally, there is a strong focus on advancing system interoperability through enhanced data exchange layers, it added.The country aims to enhance the effectiveness and speed of government decision making as the government institutional transformation is essential to facilitate the realisation of envisioned progress across the economic and social spheres of Doha, said the NDS3, which was released recently."The government will transform the design and delivery of its services by strengthening central capabilities in innovation and digitisation," it said, targeting.This involves revamping the service catalogue, establishing Service level agreement (SLA) frameworks, launching a one-stop shop portal, delivering integrated services and a better customer experience at service complexes, and creating innovation labs and a 'Centre of Excellence' for service design.This approach culminates in government plans to design and launch centralised performance tracking and monitoring systems for government services to improve customer experience, ensure quality and efficiency, and drive continuous improvement.Qatar continues to partner with key players to instill digitalisation across all fields, from launching smart cities and fostering innovative solutions to advancing connectivity and IT infrastructure. ICT providers such as Ooredoo Qatar, Siemens and Microsoft have partnered to drive smart city solutions across Qatar by developing digital, Internet of Things (IoT) and software analytics solutions, Invest Qatar had earlier said.Stressing that Qatar will place a particular emphasis on policy alignment across the various government entities in line with NDS3, also incorporating views from academia, citizens, residents, businesses, and non-governmental entities systematically; the strategy said "to this end and to enhance execution, the deployment of the suitable expertise and optimal capacity will be ensured.”Stressing that NDS3 aims to strengthen accountability in the government institutions, it said this will be achieved by enhancing the capabilities, governance, and operating models of independent oversight bodies.Furthermore, the challenge of limited access to up-to-date information will be addressed, ensuring easy access to government reports, policy changes, and open public data. "Adherence to SLAs within and between governmental entities is also expected to exceed 80%," it said.

Qatar's government expenditure growth is not to exceed non-hydrocarbon (NHC) gross domestic product (GDP) growth by 2030 as the country "develops a more sustainable and shock-resistant" medium-term fiscal framework. This was enshrined in the recently launched Third National Development Strategy (NDS3), which has targeted a NHC growth of 4% and an overall fiscal balance of 5.5% of GDP by 2030. On the sovereign expenditure growth, experts are of the view that the NDS3 is on the right track since structural efficiency is as important as economic diversification. This comes amidst the Qatar National Vision (QNV) 2030’s intent to steer a large part of the economy towards non-energy sectors, especially knowledge-based economic opportunities. In its latest Article IV consultation report on Qatar, the International Monetary had said the NDS3 would provide an opportunity to accelerate economic transformation towards a knowledge-based and inclusive economy supported by private-sector led growth. Global credit rating agency Standard & Poor's had earlier said it expected the national development strategy projects to improve the economy’s productive capacity. The NDS3, which defines bold and transformative initiatives and reforms designed to achieve the remaining QNV 2030 goals, also said the medium-term fiscal framework, characterised by diversified and stable sources of revenues and efficient and effective public expenditures, and by a resilient balance sheet, reflected in healthy debt levels. Qatar aims to achieve an increased share of non-hydrocarbon government revenues, and achieving this will include strengthening tax administration capacity and efficiency, enhancing tax compliance, and implementing a proactive risk system using advanced technologies. It highlighted that Qatar also aims to maintain a sustainable fiscal budget, reduce pro-cyclicality, and enhance public expenditure efficiency and effectiveness. The expenditures in the fiscal year 2024 budget saw an increase by 1% from 2023 to QR200.9bn. "To this end, Qatar has already established a medium-term fiscal framework and is in the process of implementing programme-based budgeting," it said, adding it will also better align planning and budgeting processes. "We seek through this strategy to sustainably develop our economy to remain competitive amidst a turbulent and rapidly changing global landscape," HE the Prime Minister and Minister of Foreign Affairs Mohamed bin Abdulrahman bin Jassim al-Thani had said at the launch. The NDS3 said Qatar aims to manage public debt and contingent liabilities to generate sufficient fiscal space for economic downturns. The NDS3 will enhance the government debt management framework to reduce debt exposure risks and support balanced and stable fiscal planning, by developing comprehensive public sector and contingent liability frameworks, and implementing a sovereign green financing framework, it said. While the economy has been robust, it said the development of the non-hydrocarbon economy has remained slow with growth averaging less than 2% during 2017-22, impacted by the effects of the Covid-19 pandemic and geopolitical tensions regionally and internationally.

The Qatar Stock Exchange (QSE) on Sunday opened the week on a stronger note with its key index gaining as much as 44 points and its key index surpassed 10,500 levels on the.text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[127311]**back of buying interests, particularly in the telecom, transport and real estate sectors. The domestic institutions were increasingly net buyers as the 20-stock Qatar Index gained 0.42% to 10,509.85 points.The foreign retail investors’ weakened net selling had its influence in the main market, whose year-to-date losses shrank to 2.96%.The Gulf individuals’ lower net profit booking also had its say in the main bourse, whose capitalisation nevertheless added QR1.84bn or 0.3% to QR611.2bn with small cap segments gaining the most.The Gulf institutions continued to be net buyers but with lesser intensity in the main market, which touched an intraday high of 10,539 points.The local retail investors were seen increasingly bearish in the main bourse, which saw as many as 0.05mn exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.28mn trade across 17 deals.The foreign funds were increasingly net profit takers in the main market, which saw no trading of sovereign bonds.The Islamic index outperformed the other indices in the main bourse, which witnessed no trading of treasury bills.The Total Return Index rose 0.42%, the All Islamic Index by 0.61% and the All Share Index by 0.29% in the main bourse, whose trade turnover fell amidst higher volumes.The telecom sector index shot up 2.09%, transport (1.78%), real estate (0.89%), industrials (0.28%) and banks and financial services (0.02%); while insurance declined 0.59% and consumer goods and services 0.3%.Major movers in the main market included Ooredoo, Milaha, Gulf International Services, Untied Development Company, Nakilat and Lesha Bank.Nevertheless, Qatar Industrial Manufacturing, Qatari German Medical Devices, Inma Holding, Zad Holding, Widam Food and Gulf Warehousing were among the losers in the main market. In the venture market, Mahhar Holding saw its shares depreciate in value.The domestic institutions’ net buying increased noticeably to QR17.78mn compared to QR11.7mn on January 11.The foreign individuals’ net selling weakened significantly to QR0.95mn against QR12.67mn the previous trading day.The Gulf retail investors’ net profit booking shrank perceptibly to QR0.83mn compared to QR3.19mn last Thursday.However, the local retail investors’ net selling strengthened marginally to QR7.16mn against QR6.7mn on January 11.The foreign institutions’ net profit booking expanded considerably to QR5.75mn compared to QR2.99mn the previous trading day.The Arab individuals turned net sellers to the tune of QR5.06mn against net buyers of QR6.88mn last Thursday.The Gulf funds’ net buying weakened significantly to QR1.96mn compared to QR6.98mn on January 11.The Arab institutions had no major net exposure for the second straight session.Trade volumes in the main market rose 15% to 153.36mn shares, while value declined 18% to QR371.94mn and deals by 13% to 11,787.The venture market saw an about six-fold jump in trade volumes to 0.17mn equities and value grew more than six-fold to QR0.19mn on doubled transactions to 8.

Amid concerns on "sticky" inflation data in the US and the perceived little room for reduction in the Federal Reserve interest rates, the Qatar Stock Exchange (QSE).text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[124682]**settled this week on a higher note with its key index gaining as much as 32 points.The transport counter witnessed substantially higher than average demand as the 20-stock Qatar Index rose 0.31% this week which saw the country unveil its third National Development Strategy 2024-30, targeting an average yearly 4% gross domestic product growth.The Gulf institutions were seen net buyers this week which saw the country’s largest lender QNB report net profit of QR15.51bn during 2023.The local retail investors’ weakened net profit booking had its influence in the main market this week which saw Nakilat embark on "strategic" expansion through a significant vessel acquisition by placing order for six gas vessels to meet the increasing demand.The Gulf individuals’ lower net selling pressure also had its say in the main bourse this week which saw Petrotec, an Al Mahhar Holding subsidiary, has entered into an agreement with a major energy customer in Qatar.However, as much as 59% of the traded constituents were in the red in the main market this week which saw the Qatar Financial Centre’s purchasing managers’ index find that the country’s non-energy private sector completed a year of solid overall growth during 2023, even as the business optimism “softened” in 2024.The domestic institutions continued to be net buyers but with lesser intensity in the main bourse this week which saw the prospects for the realty and construction sectors in Qatar appear brighter this year with building permits issued witnessing double-digit year-on-year growth in December 2023.Similarly, the Arab individuals continued to be bullish but with lesser vigour in the main market this week which saw a total of 0.03mn Masraf Al Rayan-sponsored exchange-traded fund QATR worth QR0.08mn trade across 10 deals.The foreign individuals were net sellers in the main bourse this week which saw this week which saw as many as 0.01mn Doha Bank-sponsored exchange-traded fund QETF valued at QR0.13mn change hands across 18 transactions.The foreign funds turned net profit takers in the main market this week, which saw Qatar Islamic Insurance decide to reduce the ‘Wakala’ fee for the policyholders to 30% from 33%.The Islamic index underperformed the other indices in the main bourse this week which saw the banks and industrials together constitute more than 62% of the total trade volumes.Market capitalisation was seen adding QR0.7bn or 0.12% to QR609.36bn on the back of microcap segments this week, which saw no trading of sovereign bonds.Trade volumes and turnover were on the decline in both the main bourse and venture market this week, which saw no trading of treasury bills.The Total Return Index gained 0.31%, the All Share Index by 0.44% and the All Islamic Index by 0.16% this week.The transport sector index zoomed 6.02%, banks and financial services (0.57%) and real estate (0.39%); while industrials declined 0.98%, telecom (0.9%), consumer goods and services (0.45%) and insurance (0.02%) this week.Major gainers in the main market included Milaha, Alijarah Holding, Qatar Cinema and Film Distribution, Aamal Company, Nakilat, QNB, Masraf Al Rayan, Lesha Bank, Qatar National Cement, Qatari Investors Group, Gulf International Services, Doha Insurance, Beema, United Development Company, Mazaya Qatar and Vodafone Qatar. In the venture market, Mahhar Holding saw its shares appreciate in value this week.Nevertheless, Ahlibank Qatar, Mesaieed Petrochemical Holding, Medicare Group, Qamco, Inma Holding, Industries Qatar, Ooredoo and Gulf Warehousing were among the shakers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value this week.The Gulf funds were net buyers to the tune of QR9.09mn against net sellers of QR143.27mn the week ended January 4.The local retail investors’ net profit booking fell drastically to QR23.12mn compared to QR77.14mn a week ago.The Gulf individual investors’ net selling weakened markedly to QR1.4mn against QR10.94mn the previous week.However, the foreign individuals were net sellers to the extent of QR13.6mn compared with net buyers of QR11.27mn the week ended January 4.The foreign funds turned net profit takers to the tune of QR9.35mn against net buyers of QR87.93mn a week ago.The Arab institutions were net profit takers to the extent of QR0.14mn compared with no major net exposure the previous week.The domestic funds’ net buying plummeted significantly to QR33.53mn against QR125.41mn the week ended January 4.The Arab individual investors’ net buying eased marginally to QR5mn compared to QR6.76mn a week ago.The main market witnessed an 18% surge in trade volumes to 680.61mn shares, 26% in value to QR1.99bn and 11% in deals to 74,986 this week.In the venture market, trade volumes declined 23% to 1.46mn equities, value by 21% to QR1.47mn and transactions by 24% to 98.

The used vehicles market in Qatar witnessed a brisk double digit growth month-on-month; while new vehicle sales were on the decline in November 2023 despite a buoyant heavy equipment segment, according to the official statistics.The transfer of ownership was seen in 32,108 vehicles in November 2023, which grew 19.5% on as annualised basis, while it decreased 6.6% month-on-month. It constituted 25% of the clearing of vehicle-related processes in the review period against 24% in October 2023.The renewal of registration was reported in 72,415 units, which shot up 15% year-on-year but shrank 12.6% month-on-month in November 2023. It constituted 57% of the clearing of vehicle-related processes in the review period compared to 58% in October 2023.The clearing of vehicle-related processes stood at 127,353 units, which soared 12.4% on yearly basis but fell 11.1% on an annualised basis in the review period.The number of driving licenses saw a 4.4% month-on-month jump to 9,687 in November 2023 with those issued to non-Qatari males increasing by 1.5%, non-Qatari females by 14.4% and Qatari females by 49.1%; whereas those to Qatari males declined 2.6%.The country witnessed 8,046 new vehicles registered in November 2023, which declined 14.6 and 4.7% year-on-year and month-on-month respectively in November 2023.The number of driving licenses saw a 1% month-on-month jump to 9,276 in October 2023 with those issued to non-Qatari males and females increasing by 2.3% and 1.1%; whereas those to Qatari females and males declining 15% and 12.9% respectively.The registration of new private vehicles stood at 5,453; which tanked 10.2% and 12.2% month-on-month and year-on-year respectively in November 2023. Such vehicles constituted 68% of the total new vehicles registered in the country in the review period.The registration of new private transport vehicles stood at 1,243, which reported 18% growth month-on-month but was down 6% year-on-year in November 2023. Such vehicles constituted 16% of the total new vehicles in the review period.The new registration of other non-specified vehicles stood at 630 units, which declined 22.4% and 48.2% month-on-month and year-on-year respectively in November 2023. These constituted 8% of the total new vehicles registered in the country in the review period.The registration of new private motorcycles stood at 515 units, which zoomed 72.2% on a monthly basis but shrank 4.3% year-on-year in November 2023. These constituted 6% of the total new vehicles in the review period.The registration of new heavy equipment stood at 174, which constituted 2% of the total registrations in November 2023. Their registrations had seen a 13% and 62.6 surge month-on-month and year-on-year respectively in the review period.As many as 31 trailers were registered in November 2023, which plummeted 42.4% on monthly basis but was flat on an annualised basis. These constituted less than 1% of the total new vehicles in the review period.The modified vehicles’ registration stood at 5,552; which grew 1.2% and 85.2% month-on-month and year-on-year respectively in November 2023. They constituted 4% of the clearing of vehicle-related processes in the review period.The number of lost/damaged vehicles stood at 5,047 units, which tanked 31.5% and 34% on a monthly and yearly basis respectively in November 2023. They constituted 4% of the clearing of vehicle-related processes in the review period.The number of cancelled vehicles was 2,100; declining 1.8% and 9.6% month-on-month and year-on-year respectively in November 2023. They constituted 2% of the clearing of vehicle-related processes in the review period.The number of vehicles meant for exports stood at 1,879 units, which shrank 10.3% month-on-month, even as it more than doubled year-on-year in November 2023. It constituted 1% of the clearing of vehicle-related processes in the review period.The re-registration was done in 129 vehicles, which soared 15.2% and 33% month-on-month and year-on-year respectively in November 2023.

The prospects for the real estate and construction sectors in Qatar appear to be brighter in 2024 with building permits issued witnessing double-digit year-on-year growth in December 2023, according to the official estimates.Doha's outskirts displayed opportunities as Al Khor, Al Rayyan, Al Daayen, Al Shamal and Umm Slal municipalities reported higher than average growth in building permits issued in December 2023, according to the Planning and Statistics Authority (PSA).The country saw as many as 627 building permits issued in December 2023, which gained 19% year-on-year.The building permits data is of particular importance as it is considered an indicator for the performance of the construction sector, which occupies a significant position in the national economy.Of the total number of new building permits issued, Al Rayyan constituted 194 permits, 31% of the total; Doha 125 permits (20%), Al Daayen 100 permits (16%), Al Wakra 94 permits (15%), Umm Slal 44 permits (7%), Al Khor 41 permits (7%), Al Shamal 15 permits (2%) and Al Shahaniya 14 permits (2%) in the review period.Total building permits issued in Al Khor soared 115.8% year-on-year this September, Al Rayyan (78%), Al Daayen (31.6%), Al Shamal (25%) and Umm Slal (15.8%); while those in Al Wakra declined 27.7% and Al Shahaniya 22.2%.On a monthly basis, total building permits issued in the country shrank 16% with Al Wakra reporting 25% decline, Al Daayen (23%), Al Shahaniya (22%), Al Rayyan (19%), Umm Slal (14%) and Doha (13%); while those in Al Khor and Al Shamal grew 52% and 15% respectively in December 2023.The new building permits (residential and non-residential) constituted 245 permits or 39% of the total building permits issued in September 2023, additions 368 (59%) and fencing 14 (2%).Of the new residential buildings permits, villas topped the list, accounting for 79% (172 permits), dwellings on housing loans 14% (31), and apartments 7% (16).Among the non-residential sector, the industrial buildings as workshops and factories accounted for 42% (11 permits), commercial structures 38% or 10 permits, other unspecified non-residential 12% or three permits in the review period.Qatar saw a total of 288 building completion certificates issued in December 2023, of which 235 or 82% was for the new buildings (residential and non-residential) and 53 or 18% for additions.The total building completion certificates issued Qatar saw a 14.5% dip on an annualised basis in December 2023 with Al Shamal reporting 80% contraction, Al Daayen (26.9%), Al Rayyan (23.3%), Al Shahaniya (22.2%) and Al Wakra (9.5%).Nevertheless, those issued in Al Khor reported a 44.4% surge, Umm Slal (10.53%) and Doha (8.3%) in the review period.The total building completion certificates issued in the country saw a 20% month-on-month shrinkage in December 2023 with Al Shahaniya registering 36% plunge, Al Rayyan (28%), Al Daayen (24%), Al Wakra (23%), Al Khor (19%) and Umm Slal (5%).However, in the case of Doha, there was a 6% increase; while those in Al Shamal remained flat in the review period.Al Rayyan constituted 69 certificates or 24% of the total number of certificates issued in December 2023, Al Wakra 67 certificates (23%), Al Daayen 57 (20%), Doha 52 (18%), Umm Slal 21 (7%), Al Khor 13 (5%), Al Shahaniya 7 (2%) and Al Shamal 2 (1%) in December 2023.Of the 204 residential buildings completion certificates issued in September 2023, as many as 136 or 76% were for villas, 26 or 14% dwelling on housing loans, 7% or 13 for apartments, and five others.Of the 136 villas completion certificates issued in December 2023, as many as 37 were in Al Daayen, 34 in Al Rayyan, 22 in Doha, 18 in Al Wakra, 14 in Umm Slal, seven in Al Khor, and two each in Al Shamal and Al Shahaniya.In the case of 13 apartments, Doha issued eight completion certificates; three in Al Daayen, and one each in Al Wakra and Al Rayyan in December 2023.

The Qatar Stock Exchange (QSE) on Tuesday lost more than 66 points, as investors awaited the US inflation data and assessed the timing of potential interest rate cuts by the US.text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[124682]**Federal Reserve.A higher than average selling pressure, especially in the telecom and banking sectors, led the 20-stock Qatar Index knock off 0.64% to 10,416.52 points.The foreign institutions were seen net profit takers in the main market, whose year-to-date losses widened to 3.32%.The foreign individuals turned bearish in the main bourse, whose capitalisation melted QR4.1bn or 0.67% to QR608.83bn with midcap segments losing the most.The Gulf retail investors were seen net sellers in the main market, which touched an intraday high of 10,495 points.However, the domestic institutions turned bullish in the main bourse, which saw as many as 0.01mn exchange traded funds (sponsored by Masraf Al Rayan) valued at QR0.02mn trade across two deals.The Gulf funds were also seen net buyers in the main market, which saw no trading of sovereign bonds.The Islamic index declined faster than the other indices in the main bourse, which witnessed no trading of treasury bills.The Total Return Index shed 0.64%, the All Islamic Index by 0.72% and the All Share Index by 0.57% in the main bourse, whose trade turnover and volumes were on the decline.The telecom sector index tanked 2.04%, banks and financial services (0.71%), industrials (0.51%), transport (0.35%) and real estate (0.25%); while insurance gained 0.92% and consumer goods and services 0.09%.As much as 64% of the traded constituents were in the red with major losers being Qatar General Insurance and Reinsurance, Qamco, Ooredoo, Qatar National Cement, Doha Bank, Qatar Islamic Bank, Lesha Bank, Estithmar Holding, Ezdan and Vodafone Qatar. In the venture market, Mahhar Holding saw its shares depreciate in value.Nevertheless, Beema, Zad Holding, Inma Holding, Qatari German Medical Devices, Doha Insurance, Meeza and Qatar Insurance were among the gainers in the main market.The foreign institutions turned net sellers to the tune of QR30.63mn compared with net buyers of QR20.74mn on January 8.The foreign individuals were net sellers to the extent of QR0.74mn against net buyers of QR1.25mn the previous day.The Gulf retail investors turned net sellers to the tune of QR0.24mn compared with net buyers of QR0.42mn on Monday.However, the domestic institutions were net profit takers to the extent of QR15.49mn against net sellers of QR0.76mn on January 8.The Gulf funds turned net buyers to the tune of QR13.97mn compared with net profit takers of QR8.61mn the previous day.The local retail investors were net buyers to the extent of QR2.73mn against net sellers of QR7.78mn on Monday.The Arab individuals’ net profit booking declined noticeably to QR0.57mn compared to QR5.25mn on January 8.The Arab institutions had no major net exposure.Trade volumes in the main market were down 7% to 130.31mn shares, value by 5% to QR379.56mn deals by 15% to 15,179.The venture market saw a 67% plunge in trade volumes to 0.11mn equities, 65% in value to QR0.12mn and 56% in transactions to 12.

Nakilat, a global leader in liquefied natural gas (LNG) shipping and maritime transportation, has embarked on "strategic" expansion through a significant vessel acquisition by placing order for six gas vessels to meet the increasing demand, thus cementing its position as a global leader in the gas shipping industry.It has placed orders with Hyundai Samho Heavy Industries (HSHI) of South Korea for the construction of two LNG carriers with a cargo capacity of 174,000 cubic meters each and four modern very large LPG (liquefied petroleum gas/ammonia gas carriers) with a substantial cargo capacity of 88,000 cubic meters. These modern vessels are set to be delivered between 2026 and 2027, said the company. Upon delivery, Nakilat's LNG fleet will expand to 71 vessels, and the LPG fleet will grow to eight with the addition of the four new vessels.The greater fleet capacity and increased operational efficiency provide Nakilat,whose LNG carriers account for more than 10% of the global capacity, with a competitive edge as its expands its international shipping portfolio.Nakilat's new LNG carriers and LPG carriers will embody the latest technologies, showcasing advanced environmentally friendly and efficient propulsion systems through fuel-saving devices, reinforcing Nakilat's commitment to sustainable and eco-conscious shipping solutions."Our investment in these advanced vessels reflects our ongoing commitment to delivering exceptional service and environmental stewardship. We strive to meet the increasing demand for safe, reliable, and eco-friendly transportation of gas, contributing to a more sustainable future," said Abdullah al-Sulaiti, Nakilat's chief executive officer.This latest addition to Nakilat's ever-expanding fleet not only signifies an increase in capacity and flexibility for its customers, but also reinforces the company's pioneering role in the energy transportation sector.Once these vessels are operational, they will further cement Nakilat's position as a global leader in the gas shipping and regasification industry.S Y Park, president and chief operating officer of HD Hyundai Heavy Industries, said this opportunity will strengthen the ongoing partnership between two companies for the benefit of two countries."We affirm our full commitment to contribute the latest technologies and expertise to ensure safer and more efficient transportation," he said.Highlighting its decades-long relationship with Nakilat, he said it is "looking forward to establishing a closer business link that will enable both parties to take the initiative in leading gas sector."Nakilat’s move comes in the wake of Qatar approving expansion projects that would boost its LNG output by 64%, up to 126mn tonnes per year by 2027. QNB Financial Services (QNBFS) had said in a report that Nakilat could secure a "significant" share of the upcoming North Field ship contract awards.QatarEnergy has already inked major LNG shipbuilding capacity agreements worth more than QR70bn with Chinese and South Korean companies to build more than 100 LNG vessels.

Qatar's tourism sector witnessed a robust growth month-on-month in November 2023, mainly on substantial jump in visitors from the Gulf Co-operation Council (GCC), other Arab nations and the Europe.However, the country saw a substantial decline in visitors on an annualised basis since November 2022 which had seen increased footfalls in view of the FIFA World Cup, said the figures released by the Planning and Statistics Authority.The visitor arrivals from the Gulf Co-operation Council or GCC stood at 181,068 or 46% of the total, Europe 79,580 (20%), other Asia (including Oceania) 78,509 (20%), other Arab countries 26,417 (7%), Americas 21,342 (5%), and other African countries 6,325 (2%) in November last year.On a month-on-month basis, the visitor arrivals from the GCC shot up 131.8%, other Arab countries by 12.2% and Europe by 4.6%; whereas those from other African countries declined 12.3%, other Asia (including Oceania) by 4.1% and Americas by 3% in the review period.On an annualised basis, the visitor arrivals from the GCC zoomed 41%, while those from Americas plummeted 84.3%, other Arab countries by 69.1%, other African countries by 54.6%, other Asia (including Oceania) by 31.8% and Europe by 29.8% in November 2023.The period in review painted a gloomy picture for the hotel industry on an annualised basis with rooms' yield plunging substantially despite higher occupancy levels.The decline in revenue-per-available room was owing to an across the board shrinkage, particularly in the five and four-star as well as hotel apartments categories in the review period.The weakened rooms’ yield year-on-year comes amidst 393,241 visitor arrivals, which registered a 33.5% year-on-year decrease but surged 36.1% month-on-month respectively in November 2023.Qatar's hospitality sector overall saw a 71.95% year-on-year plunge in average revenue per available room to QR287 and the average room rate by 77.88% to QR404, even as occupancy improved by 15% to 71% in November 2023.The five-star hotels witnessed the average revenue per available room plummet 72.69% year-on-year to QR373 as average room rate tanked 78.65% to QR554; while the occupancy soared 14% to 67% in the review period.The average revenue per available room in the four-star hotels decreased 71.78% on a yearly basis to QR162 in November 2023 as the average room rate were lower by 76.97% to QR231, but the occupancy zoomed 13% to 70%.The three-star hotels saw a 67.27% year-on-year contraction in average revenue per available room to QR163 as the average room rate shrank more than three-fourth to QR184, even as the occupancy rose 23% to 89% in the review period.The two-star and one-star hotels' average revenue per available room declined 52.66% year-on-year to QR151 last November October as the average room rate tanked 57.81% to QR162, even as the occupancy grew 10% to 93% at the end of November 2023.The deluxe hotel apartments registered a 70.14% year-on-year contraction in average revenue available per room to QR269 in November 2023 as the average room rate dipped 76.59% to QR360, whereas the occupancy was seen jumping 16% to 75% in the review period.In the case of standard hotel apartments, the room yield weakened by 74.48% year-on-year to QR161 as the average room rate tanked 80.52% to QR234; while the occupancy by 16% to 69% in November 2023.

The Qatar Stock Exchange (QSE) Monday gained more than 39 points on the back of transport and banking counters..text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[124969]**The foreign institutions were increasingly into net buying as the 20-stock Qatar Index rose 0.38% to 10,483.15 points.The foreign retail investors turned net buyers in the main market, whose year-to-date losses stood at 3.21%.The Gulf individuals continued to be net buyers but with lesser intensity in the main bourse, whose capitalisation added QR1.81bn or 0.3% to QR612.93bn with microcap segments gaining the most.The Gulf funds were increasingly net profit takers in the main market, which regained from an intraday low of 10,438 points.The local individuals were also increasingly into net selling in the main bourse, which saw as many as 5,590 exchange traded funds (sponsored by Masraf Al Rayan) valued at QR0.01mn trade across two deals.The Arab retail investors were seen increasingly bearish in the main market, which saw no trading of sovereign bonds.The Islamic index underperformed the other indices in the main bourse, which witnessed no trading of treasury bills.The Total Return Index rose 0.38%, the All Islamic Index by 0.23% and the All Share Index by 0.41% in the main bourse, whose trade turnover grew amidst lower volumes.The transport sector index gained 0.83%, banks and financial services (0.67%), telecom (0.3%) and real estate (0.08%); while insurance declined 0.16%, consumer goods and services (0.07%) and industrials (0.03%).Major gainers in the main market included Qatar National Cement, Doha Bank, Doha Insurance, Vodafone Qatar, Aamal Company, Qatari Investors Group and Nakilat. In the venture market, Al Faleh Educational Holding saw its shares appreciate in value.Nevertheless, Inma Holding, Ahlibank Qatar, Al Khaleej Takaful, Qatari German Medical Devices, Qatar General Insurance and Reinsurance, Industries Qatar and Qamco were among the losers in the main market. In the junior bourse, Mahhar Holding saw its shares depreciate in value.The foreign institutions’ net buying increased considerably to QR20.74mn compared to QR4.51mn on January 7.The foreign individuals were net buyers to the tune of QR1.25mn against net sellers of QR1.12mn the previous day.However, the Gulf institutions’ net profit booking strengthened substantially to QR8.61mn compared to QR2.05mn on Sunday.The local retail investors’ net selling expanded noticeably to QR7.78mn against QR4.23mn on January 7.The Arab individuals’ net profit booking shot up perceptibly to QR5.25mn compared to QR4.18mn the previous day.The domestic institutions were net seller to the tune of QR0.76mn against net buyers of QR5.38mn on Sunday.The Gulf individual investors’ net buying eased notably to QR0.42mn compared to QR1.7mn on January 7.The Arab institutions had no major net exposure.Trade volumes in the main market were down 4% to 139.89mn shares, while value rose 6% to QR401.51mn deals by 35% to 17,839.The venture market saw a 43% jump in trade volumes to 0.33mn equities, 31% in value to QR0.34mn and 29% in transactions to 27.

Doha's non-energy private sector completed a year of solid overall growth during 2023, even as the business optimism “softened” this year, according to the Qatar Financial Centre (QFC).Across 2023 as a whole the PMI (purchasing managers’ index) trended at 52.4, mainly in line with the solid long-run average since 2017 (52.3), according to the latest QFC PMI survey.The PMI registered 49.8 in December, from 51.5 in November. The latest figure was close to the no-change mark of 50.“The final PMI for 2023 signalled the stable business conditions for Qatari non-energy firms; completing a year of solid economic expansion. The survey data for the second half of the year suggest that annual growth in official GDP (gross domestic product) will have been maintained," said QFC Authority chief executive officer Yousuf Mohamed al-Jaida.Qatari firms ended 2023 with positive expectations for activity in 2024, although overall confidence was softer than the long-run survey trend, according to the PMI."The business outlook for the year ahead remains positive, although unsurprisingly optimism has softened somewhat compared with the peak seen in the aftermath of the World Cup," according to al-Jaida.The latest PMI survey data from the QFC said volumes of output, new business and backlogs of work were all largely stable compared with November levels, while employment growth was maintained, and the 12-month business outlook remained "positive".The Qatar PMI indices are compiled from survey responses from a panel of around 450 private sector companies. The panel covers manufacturing, construction, wholesale, retail, and services sectors, and reflects the structure of the non-energy economy according to official national accounts data.The headline QFC PMI is a composite single-figure indicator of non-energy private sector performance. It is derived from indicators for new orders, output, employment, suppliers’ delivery times and stocks of purchases.Of the five components of the headline figure, output, new orders and stocks of purchases registered similar index readings, indicative of stable volumes compared with November. A positive contribution from employment was offset by shorter suppliers' times.Demand for goods and services in Qatar’s non-energy economy were mostly stable in December 2023, completing a year of solid overall growth on average. Firms reported new customers during the month. By sector, manufacturing continued to see comparatively strong new business, as did financial services.Similar to new orders, total activity was broadly unchanged in December since the previous month. Again, financial services remained a source of growth. Meanwhile, the overall level of outstanding business remained stable in December.Qatari firms continued to raise employment in December, extending the current sequence of growth that began in March. Purchases of inputs also rose, albeit only slightly, while suppliers' delivery times shortened.Average input prices rose slightly in December, driven mainly by wages and salaries as purchase prices fell, it said, adding output prices declined marginally again.Financial services remained a key source of growth at the end of the year. Price pressures were still subdued, and supply chains continued to improve.Qatari financial services companies recorded further increases in total business activity and new contracts in December. The seasonally adjusted Financial Services Business Activity Index posted 51.6, still comfortably above the overall private sector figure of 49.6 albeit the lowest in over two years.In terms of prices, average charges set by financial services companies rose to the greatest degree since April, while cost inflation in the sector eased.

The Qatar Stock Exchange (QSE) could muster only 10 points despite strong buying interests in the telecom, transport, real estate and banking sectors..text-box { float:left; width:250px; padding:1px; border:1pt white; margin-top: 10px; margin-right: 15px; margin-bottom: 5px; margin-left: 20px;}@media only screen and (max-width: 767px) {.text-box {width: 30%;}}**media[124682]**The domestic institutions were seen net buyers as the 20-stock Qatar Index was up 0.1% to 10,443.84 points.The Gulf retail investors were increasingly net buyers in the main market, whose year-to-date losses stood at 3.57%.The Gulf institutions’ weakened net selling had its influence in the main bourse, whose capitalisation added QR2.46bn or 0.4% to QR611.12bn with small cap segments gaining the most.The foreign funds continued to be bullish but with lesser intensity in the main market, which touched an intraday high of 10,494 points.The local individuals were seen net profit takers in the main bourse, which saw as many as 3,972 exchange traded funds (sponsored by Masraf Al Rayan and Doha Bank) valued at QR0.01mn trade across three deals.The Arab retail investors turned bearish in the main market, which saw no trading of sovereign bonds.The Islamic index underperformed the other indices in the main bourse, which witnessed no trading of treasury bills.The Total Return Index rose 0.1%, the All Islamic Index by 0.02% and the All Share Index by 0.28% in the main bourse, whose trade turnover fell amidst marginally higher volumes.The telecom sector index shot up 1.36%, transport (1.35%), real estate (0.86%) and banks and financial services (0.64%); while industrials fell 1.06%, consumer goods and services (0.2%) and insurance (0.07%).Major gainers in the main market included Alijarah Holding, Ezdan, Aamal Company, Lesha Bank, Qatar General Insurance and Reinsurance, QNB, Masraf Al Rayan, Salam International Investment, Mazaya Qatar, United Development Company, Ooredoo, Vodafone Qatar and Milaha. In the venture market, Mahhar Holding saw its shares appreciate in value.Nevertheless, Beema, Mesaieed Petrochemical Holding, Doha Insurance, Qatar Electricity and Water and Gulf Warehousing were among the shakers in the main market. In the junior bourse, Al Faleh Educational Holding saw its shares depreciate in value.The domestic institutions turned net buyers to the tune of QR5.38mn compared with net sellers of QR17.09mn on January 4.The Gulf individual investors’ net buying increased noticeably to QR1.7mn against QR0.18mn the previous day.The Gulf institutions’ net profit booking declined substantially to QR2.05mn compared to QR22.91mn last Thursday.However, the local retail investors were net sellers to the extent of QR4.23mn against net buyers of QR14.71mn on January 4.The Arab individuals turned net profit takers to the tune of QR4.18mn compared with net buyers of QR11.81mn the previous day.The foreign individuals were net sellers to the extent of QR1.12mn against net buyers of QR4.39mn last Thursday.The foreign institutions’ net buying weakened perceptibly to QR4.51mn compared to QR8.93mn on January 4.The Arab institutions had no major net exposure.Trade volumes in the main market were up about 1% to 146.31mn shares, while value shrank 16% to QR378.57mn deals by 23% to 13,241.The venture market saw a 27% jump in trade volumes to 0.23mn equities and 18% in value to QR0.26mn but on 9% contraction in transactions to 21.

Doha is gearing up to be a signatory to the enhanced multilateral memorandum of understanding (EMMoU) of the International Organisation of Securities Commission (IOSCO) as part of its “strategic” objectives to develop a sustainable capital market.This was outlined in the fifth strategic objective of enhanced local and international co-operation in the Qatar Financial Market Authority’s (QFMA) recently released Strategic Plan for 2023-27, which has set out six strategic objectives with 63 initiatives.“For every strategic objective, we identified key initiatives,” said the strategic plan, which considered the Third National Development Strategy and Third Financial Sector Strategy.Highlighting the need for developing a sustainable capital market, the QFMA, which is embarking on a rebranding drive, had identified the initiative of “starting the process of becoming a signatory” to the IOSCO EMMoU.The EMMoU is a benchmark for co-operation standards, which encourages and enables co-operation between securities regulators through exchanging information in order to combat securities and derivatives violations with a cross-border element.The QFMA’s other identified initiatives are establishing strategic cooperation with local regulators and other local government entities, activating channels of collaboration through memorandums of understanding and co-operation with regional and international organisations, and increasing co-ordination and co-operation with counterparts in the GCC (Gulf Co-operation Council) countries.The QFMA also seeks to enter into MoUs and co-operation agreements with well-established international fintech and asset Management hubs as well as create an international resources and research library.To enable future-proof legislations, the QFMA is seeking to determine the legal and regulatory changes (in QFMA and Qatar Central Bank rules) to support the enhancement of the capital market; implement governance codes for financial services companies, companies listed on the main and venture markets, listed funds and entities subject to the authority’s supervision.The initiative aims to develop a framework for fixed-income markets and asset management as well as develop targeted regulations for Green Assets and a framework for Islamic Finance related to the capital market.The QFMA is seeking to establish a Risk Insurance Fund in accordance with Article 53 of Law No 8 of 2012 regarding the QFMA.The QFMA plan aims to develop and execute the digital transformation strategy, adopt the Qatar Financial Centre model on the digital/virtual marketplace, and consider future implementation.It is also considering robotic advisory for asset management and supporting the creation and innovation of the private companies market.

Qatar has figured among the ‘most affordable’ tax-free countries to relocate in 2024, according to research findings of William Russell, which specialises in expat insurance."Coming in seventh and making yet another appearance for the Middle East is Qatar, earning a relocation score of 5.6 out of 10," said the report.The country has a population of approximately 2.7mn. A one-way economy ticket to the country’s capital, Doha, will cost expats around $356 from London and $551 from New York, it said.On an average, buying an apartment in Qatar, costs around $403 per sq m."It is the fourth most affordable tax-free country for monthly utilities, costing approximately $112. The average monthly net salary in Qatar is $4,327," the report said.Oman is the most affordable tax-free country to relocate to in 2024, with a relocation score of 7.92.Oman is the cheapest country to purchase or rent an apartment, as it has the lowest monthly living costs. It is also the third cheapest country for monthly utility bills, costing around $103.Another Gulf country Kuwait is the second most affordable tax-free country to move to this year, with a relocation score of 6.49. It is also the second most affordable country for both monthly costs and utility bills.Bahrain ranks in third place as the most affordable tax-free country to relocate to in 2024, earning a relocation score of 6.36.Bahrain is the second cheapest country to purchase an apartment in, costing $173 per sq m, on average. It is also the fifth most affordable country for both monthly costs and utility bills.The UAE was ranked as the fourth most affordable tax-free country, with monthly costs of around $959, while the average monthly net salary is around $3,474.William Russell said besides insurance, expatriates also need to consider various other costs, such as flights, rent, and utility bills.In fifth place is Brunei, earning a relocation score of 5.58/10. The country is a tiny nation in Asia and has a population of almost 454,000 people. A one-way economy ticket to the country’s capital city, Bandar Seri Begawan, will cost expats around $942 from London and $1,236 from New York.Brunei is the second cheapest country to rent an apartment, costing around $492 per month, on average. It is also the second most affordable country for both monthly costs and utility bills, joint with Kuwait. The average monthly net salary in Brunei is $1,715.The Maldives is the sixth most affordable tax-free country, receiving a relocation score of 5.32/10. The country is located in South Asia and has a population of approximately 518,700 people. Expats can expect to pay around $530 for a one-way economy ticket from London to the country’s capital, Malé. Those flying from New York can expect to pay around $722 for the same ticket.The Maldives is the third cheapest country to both buy and rent an apartment in, costing around $197 per sq m and $740 per month respectively. It is also the third cheapest tax-free country in terms of monthly costs, with expats having around $791 worth of expenses each month. The average monthly net salary in the Maldives is $926.

The Qatar Central Bank (QCB) is expected to cut repo rate by 1.56% or 156 basis points in 2024 with the end of year rate reaching 4.44%, according to Kamco Invest.Quoting Bloomberg consensus estimates, Kamco also said the lending rate in Qatar is expected to be slashed by 1.56% to 4.69% by end-2024.The move could greatly help the private sector, which is on its path of recovery, as reflected from the Qatar Financial Centre's purchasing managers' index surveys.Qatar had seen a 0.75% hike in repo rate to 6% in 2023. Since January 2022, there has been a 5% increase in repo rate in the country.The QCB had been maintaining that it would continue to assess economic conditions, taking into account all aspects that may affect financial stability and will review its monetary policy when necessary to address any changes in economic requirements.Finding that the trend in interest rates in the Gulf Co-operation Council (GCC) is almost in line with the US Federal Reserve, the Kamco report said for the region, "we have forecasted rates based on US Fed rate cuts."As a result, most central banks in the GCC would slash rates in line with the US Fed due to the pegged currencies, even as Kuwait has its currency pegged to a basket of currencies.Forecasting a 1% cut by the Kuwait Central Bank in its discount rate, it said this is lower than the cuts in the rest of the GCC countries as Kuwait has made the smallest aggregate rate hike in the GCC since 2022 (275 bps) and since the start of the year (75 bps)."We believe that the roll back of rates would also be smaller than the rest of the GCC," the report said.On the international front, it said the consensus estimates on policy rates by major central banks shows cuts across the globe in 2024, ranging from over 200bps to 50bps.The Fed is forecasted to lower rates by 156bps in 2024 with end of year rates to be at 3.82%. The eurozone is slated to make "more aggressive" rate cuts, slashing policy rates by 219bps with end of year rates reaching 2.31%.Similarly, the UK, Canada and New Zealand are forecasted to lower rates by around 100bps this year.The slowing inflation seen over the last few months have "drastically" altered investor and trader’s expectation for the fixed income market, it said.The last meeting of the year was instrumental in changing the rate cut/pause forecasts for 2024.From a scattered expectation of one or two hikes in 2024 during the later half of the year just a few months ago, the consensus forecast now shows at least 150bps cuts during 2024, according to Kamco.Some economists see earlier rate cuts in the US as against second half of 2024 cuts as per previous expectations.

Qatar's maritime sector saw strong growth in general and bulk cargo movement through Hamad, Doha and Al Ruwais ports in 2023, according to official data.The positive yearly growth in the vital parameter corroborates the Qatar Financial Centre's purchasing managers' index that painted a rosy picture for the non-energy private sector amidst rising global interest rates and inflation.The general cargo handled through three ports stood at 1.77mn freight tonnes during 2023, which registered a 10.63% surge year-on-year (y-o-y), according to Mwani Qatar.Hamad Port – whose multi-use terminal is designed to serve the supply chains for the RORO (vehicles), grains and livestock –handled 1.3mn freight tonnes of break bulk and 400,478 freight tonnes of bulk during 2023.The general and bulk cargo through the three ports was the highest in March 2023 when it was 297,009 freight tonnes and the lowest in June 2023 when it was 21,688 freight tonnes.The three ports were seen handling 443,996 livestock heads during 2023, which zoomed 115.94% on a yearly basis. Hamad Port alone handled 9,301 livestock heads during the review period.The livestock movement through three ports recorded the highest at 70,182 heads in April 2023 and the lowest at 5,468 heads in July 2023.The building materials handled amounted to 528,428 tonnes during 2023, showing a 2.24% jump on an annualised basis.The rebound of business activities, especially in the construction sector, corroborates the rising trends in the movement of building materials through the ports.The building materials traffic witnessed the maximum of 62,456 tonnes in May 2023 and the lowest of 23,422 tonnes in November 2023.The three ports were seen handling 81,036 vehicles (RORO) during 2023, which registered a 2.01% increase year-on-year. Hamad Port alone handled 80,294 units during 2023.The Planning and Statistics Authority data reveals robust year-on-year growth in the registration of new vehicles for private use and private motorcycles, trailers and heavy equipment during majority of the months in 2023.The RORO movement through three ports reached the maximum of 8,339 units in December 2023 and the lowest of 5,656 units in November 2023.As many as 2,769 ships had called on Qatar's three ports during 2023, which showed fell 8.64% over 2022.Hamad Port, whose strategic geographical location offers opportunities to create cargo movement towards the upper Gulf, supporting countries such as Kuwait and Iraq and south towards Oman, witnessed as many as 1,655 ships call during 2023.Qatar Chamber's monthly reports by and large suggest the country's foreign trade and private sector’s exports have been showing promising results.The maximum number of ships berthed was 266 in September 2023 and the lowest of 197 in June 2023.The container handling through the three ports stood at 1.33mn TEUs (twenty-foot equivalent units) during 2023, registering a 7.64% contraction year-on-year. Hamad Port, which is the largest eco-friendly project in the region and internationally recognised as one of the largest green ports in the world, alone saw 1.32mn TEUs of containers handling during 2023.The container movement recorded the maximum of 125,202 TEUs in November 2023 and the lowest of 95,317 in May 2023.