The GCC region may see a “second wave” of mergers and acquisitions (M&A), S&P Global Ratings said, and noted that it will be “more opportunistic and driven by economic rationale.”
Travel and tourism spending in Qatar has seen a nearly 4.5% increase to $14.2bn in 2017, the new report said.
The findings were announced during the first ‘National Incubation Strategy’ workshop hosted by QDB at the Hilton Doha on Monday.
Concerned about the impact of the ongoing dispute in the GCC region, the US government wants a speedy resolution to the Gulf crisis, an official of the US embassy in Qatar has said.
Some 1.464mn people visited Qatar from the beginning of the year until June, marking a 1.5% increase over the 2016 figure of 1.442mn visitors, according to data released by the Ministry of Development Planning and Statistics.
The recovery in oil price and a strong expansion in non-hydrocarbons should help Qatar effectively manage the future interest rate hikes, helping the country's economic growth to pick up this year, according to a QIF report.