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Qatar National Bank (QNB) expects the trade agreement between the Southern Common Market (Mercosur) and the European Union to yield significant economic gains for both sides, while also strengthening initiatives aimed at countering protectionism.In its weekly commentary, QNB said, "Last year, the global economic outlook was marked by a sharp escalation of geopolitical uncertainty and major policy shocks. In April, the US administration under President Trump abruptly announced sweeping tariffs, centred on a 10% baseline levy on imports, with even higher rates on selected countries. This represented a massive negative shock for trade, as the US accounts for 26% of the global economy, and was previously predominantly open to trade with an average tariff rate of less than 2%.As a result, the outlook for international trade, as well as for the global economy, began to deteriorate sharply, on fears of the impact of massive supply-chain disruptions and potentially escalating trade wars. Similar worries resurfaced this year as the US continued to signal the use of tariffs as an "economic weapon” to achieve broader foreign policy objectives."However, rising US protectionism did not trigger widespread tariff wars as was initially feared. In fact, even as the US increased the burden for its trade partners, and against a backdrop of trade fragmentation, the rest of the world has continued to move towards deeper integration. Most major economies continue to view trade as essential to their growth models and are actively pursuing deeper integration via new or deeper trade agreements."Previously delayed trade negotiations have regained momentum, as countries seek further diversification of their partners to mitigate the fallout of US protectionism. Among these initiatives, the European Union-Mercosur trade deal returned to the centre stage, after 25 years of arduous negotiations.Despite large potential gains, the deal had been delayed over resistance to the Mercosur's agricultural market access to the EU, and environmental governance in the South American bloc. However, the balance of strategic priorities has shifted, as growing geopolitical fragmentation and trade risks have increased pressure on the EU to accelerate trade integration."European Commission President Ursula von der Leyen finally signed the agreement last month with the South American Mercosur bloc, encompassing Argentina, Brazil, Paraguay, and Uruguay. The deal could create one of the largest free trade areas in the world, with 31 countries, 721mn people, and close to 21% of global GDP. However, the deal still faces obstacles, with a narrow majority in the Parliament referring the agreement to the EU Court of Justice (EUCJ). The EUCJ could take up to 2 years to determine whether it is compatible with European law. In the meantime, the European Commission can implement a provisional application of the treaty, until hurdles for the full implementation are passed."Despite the expected resistance, the potential economic gains are considerable. The agreement provides for the gradual elimination of tariffs on around 92% of bilateral trade. Transition periods extend up to 15 years for the most sensitive products. Nevertheless, progress on this landmark accord would be an encouraging sign. Even as the world adjusts to a more protectionist US, the outlook on trade policy across the world is being mitigated by non-US initiatives."The bank pointed out, "First, prospective gains in trade volumes are significant, especially for the smaller and relatively less trade-integrated Mercosur. Total bilateral trade in goods and services is close to EUR153bn per year, which represents less than 1% of total combined GDP. In comparison, this is only a fraction of the 3.5% figure for bilateral trade in goods and services between the US and the EU, indicating a large margin for increasing bilateral flows."For Mercosur, the agreement offers improved access to one of the world's largest and highest-income markets. The phased elimination of tariffs on the vast majority of exports to the EU is expected to support agricultural and agri-industrial exports, as well as export diversification towards manufacturing.For the EU, the deal will expand access to a large South American market with over 271mn consumers, lowering trade costs for industrial goods, machinery, chemicals, and services, while providing improved access to valuable natural resources. Additionally, it is considered an important geopolitical win, in times of stern competition with China and the US."Second, the agreement will lead to larger investment flows and therefore growth, particularly for the less-developed Mercosur. EU firms already account for roughly 35-45% of the total FDI stock in Mercosur, making the EU the largest investor bloc. The total is equivalent to more than EUR390bn, with strong exposure to manufacturing, energy, and financial services.The new agreement will provide improved market access and legal certainty, supporting additional greenfield investments. In a reasonable scenario, the EU FDI stock could grow by 10-20% over the next 10 years, which could generate a boost to GDP of over 0.6%. For the EU, Mercosur countries hold significant potential in renewable energies and critical raw materials, creating opportunities aligned with the EU's industrial strategies.QNB concluded, "All in all, the Mercosur-EU trade agreement offers significant potential economic gains, as well as adds to the initiatives challenging the narrative of increased protectionism. GDP gains, backed by trade and investment flows, are expected to be understandably larger for the less-developed Mercosur. The EU stands to gain through improved market access for its companies, investment opportunities in high-growth sectors, and enhanced diversification of supply chains, particularly in areas related to energy transition and critical raw materials." 

The State of Qatar emphasized the importance of the international community continuing to intensify its efforts to enhance cybersecurity and expand avenues of cooperation, particularly between developed and developing countries, in order to ensure the utilization and preservation of digital gains. Qatar stressed that cyberspace and its related uses provide vast opportunities for promoting economic development and achieving human well-being. This came in the State of Qatar's statement delivered by Second Secretary of the Permanent Mission of the State of Qatar to the United Nations Sheikh Abdulrahman bin Abdulaziz Al-Thani before the UN General Assembly's First Committee at its 80th session on Other Disarmament Measures and International Security, held at UN headquarters in New York. Sheikh Abdulrahman explained that progress in the digital and technological fields has offered smart and low-cost solutions to many development-related issues, while also enhancing social communication through modern and advanced networks. He noted that while such progress offers wide-ranging opportunities in various areas of technology, it also brings increasing cybersecurity risks, which now pose threats to all forms of digital activity — including attacks targeting vital telecommunications and digital infrastructure, resulting in serious material and moral damage, privacy violations, and obstacles to economic development efforts. He added that information security and cybersecurity have become major concerns for the international community — particularly for governments, public institutions, banks, financial bodies, and private sector entities. He pointed out that growing global awareness of these threats led to the adoption of the United Nations Convention against Cybercrime, which Qatar signed during the official ceremony held in Hanoi, Vietnam, on Oct. 25, 2025. He further added that, as part of its efforts to exchange expertise and knowledge in the field of information and communications technology at both regional and international levels, the State of Qatar has continued its active participation in the meetings of the Open-ended Working Group on the Security of Information and Communication Technology (2021-2025), whose work concluded in July 2025, pointing out that the State of Qatar welcomed the group's consensus-adopted final report, expressing hope that its recommendations would be implemented to strengthen cybersecurity and international cooperation in the safe use of ICTs - including the future permanent mechanism on ICT security in the context of international security. He also noted that, reaffirming the State of Qatar's commitment to promoting responsible behavior in cyberspace, the National Cyber Security Agency organized a side event titled "Qatar's Successful Experience in Implementing the UN Norms for Responsible State Behavior in Cyberspace" on July 7, 2025, during the Eleventh Substantive Session of the Open-Ended Working Group. The event, he said, aimed to highlight Qatar's successful model in adopting UN cybersecurity standards through its achievements and implemented initiatives. The Second Secretary of the Permanent Mission of the State of Qatar to the United Nations, Sheikh Abdulrahman bin Abdulaziz Al-Thani, referred to Qatar's participation in the Fourth Meeting of the GCC Ministerial Committee for Cybersecurity, held on Sept. 8, 2025, in the sisterly State of Kuwait, during which the execution plan for the GCC Cybersecurity Strategy, as well as the framework for international cooperation among GCC member states in the field of cybersecurity were approved.

The Qatar Stock Exchange (QSE) index rose to 10,873 points at the beginning of Monday's trading, up 0.31%, or 33.44 points, compared to the previous session's close, supported by gains in six sectors. According to figures released by the QSE, Transportation went up (+0.82%), Real Estate (+0.50%), Consumer Goods and Services (+0.46%), Banks and Financial Services (+0.23%), Industrials (+0.14%), and Telecoms (+0.09%). Meanwhile, Insurance went down (-0.08%). As of 10:00 am, trading volume totaled 36.888 million shares, with a turnover of QR 71.389 million across 3208 transactions.

European shares were flat on Wednesday, with gains in heavyweight healthcare stocks offsetting the decline in the broader market, as investors fretted over a potential delay in the closely-watched US jobs data. The pan-European STOXX 600 (.STOXX), opened new tab held steady at 557.9 points, after posting its third successive monthly gain in September. Local bourses were mixed. Germany's DAX was down 0.5%, while the UK's FTSE 100 climbed 0.2% to an all-time high. Healthcare stocks jumped 2.7%, and Novartis gained 2.8%.