Business

Friday, September 04, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Screenshot 2026-09-03 214714

Boeing predicts Africa aircraft fleet will more than double by 2045

Africa's commercial aircraft fleet will more than double by 2045, US plane maker Boeing forecast on Thursday, as a young and increasingly urban population drives demand for travel within the continent and to the Middle East. Africa's fleet will grow to 1,625 aircraft in 2045 from 755 in 2025, requiring 1,165 airplane deliveries over the next two decades. Single-aisle aircraft, used mainly on domestic and regional routes, will account for 870 of the forecast deliveries, or about three-quarters of the total. Boeing expects deliveries of 240 wide-body jets, which are typically used on longer international routes, and 15 cargo planes. Passenger traffic within Africa is expected to grow 6.5% annually through 2045. Africa-Middle East traffic would expand 7.1% a year, the fastest rate among the region's major travel markets. Traffic between Africa and Europe is projected to grow 3.4% annually. The region's cargo fleet is expected to rise to 150 freighters from 60, supported by growth in logistics, e-commerce and exports. Carriers including Ethiopian Airlines, EgyptAir and Kenya Airways, whose fleets mainly consist of Boeing and Airbus jets for long-haul routes, dominate the African market. Boeing's Managing Director Commercial Marketing Africa and Middle East Shahab Matin said Africa's market was "entering a period of sustained growth driven by improving connectivity, expanding intraregional travel and deeper economic ties". Africa's dominant carriers typically use Embraer, ATR and De Havilland planes on regional routes. But Matin said Boeing could also provide appropriate carriers.Boeing also estimated that Africa's aviation services market, including maintenance, repair, overhaul, modifications and digital services, would be worth $140bn over the 2026-2045 period. Meeting the expansion will require 75,000 additional aviation workers, including 22,000 pilots, 25,000 technicians and 28,000 cabin crew, Boeing said. The forecast is a long-term market outlook rather than an order projection.

The QSE index showed resilience and traded sideways during the week, ranging between a high of 9,934 points and a low of 9,746, thereby remaining above the key support level of 9,727, according to financial analyst Mubarak al-Tamimi.

Technicals seen supportive of Qatar bourse despite profit taking

The Qatar Stock Exchange (QSE) index ended this week's trading down 1.14 %, shedding 112.15 points compared with last week amid pressure from most sectors.The consumer goods and services sector recorded the largest losses, declining 1.88 %, while the real estate sector rose 0.65 %.Commenting on these indicators, financial analyst Mubarak al-Tamimi told Qatar News Agency that the QSE index showed resilience and traded sideways during the week, ranging between a high of 9,934 points and a low of 9,746, thereby remaining above the key support level of 9,727. He noted that trading during the week was primarily affected by profit-taking, along with caution prompted by geopolitical developments. However, he said, these factors had not altered the index's positive technical outlook, as it continued to hold above important support levels.Al-Tamimi noted that, from a technical perspective, the index has successfully formed a positive pattern with the emergence of a W-shaped formation, strengthening the prospects of regaining upward momentum in the coming period, particularly if the index manages to break the resistance level of 9,934 points and remain above it. He explained that surpassing the level would represent an important positive technical signal and could pave the way for the index to continue rising towards 10,487, supported by improving investor appetite and a return of liquidity to the market. On the other hand, the analyst highlighted that any decline towards the 9,532 level could represent a good buying opportunity for investors. Those levels could attract the interest of traders and market makers and provide a suitable basis for building new positions, particularly if accompanied by an improvement in trading volumes and values. He stressed that the index remaining above its current support zones reflected continued resilience. He also said that profit-taking at this stage could be viewed as a natural move to reposition portfolios and did not necessarily indicate a change in the broader trend as long as the index maintained its key support levels. He noted that the September FTSE Russell index review, which is scheduled to take effect within the next few days, could provide a positive catalyst for the market, potentially affecting liquidity flows and trading in a number of listed stocks. Al-Tamimi said the index's technical outlook remains cautiously positive, adding that the ability to break above 9,934 points would be the key factor confirming a continuation of the upward trend, while the current support levels holding would be important for maintaining that trend, as the market awaits potential catalysts related to global index reviews and improved liquidity.