Doha's fast reach to as many as 17 Near East Belt Initiative (NEBI) markets with more than $2tn trade flows and its strong commercial ties with world trading centres help to grow its soft power as an alternative trade finance hub, according to a top official of Nebix,
The global apprehensions over the efficacy of vaccine against the Omicron variant of Covid-19 had its impact on the Qatar Stock Exchange, which lost about 188 points in key index and QR11bn in capitalisation this week.
The Qatar Stock Exchange (QSE) continued to remain on a bullish trajectory for the second day yesterday as it crossed the 11,600 points, reflecting the cabinet nod for a higher up to 100% foreign ownership in four local banks.
New vehicle registrations in Qatar witnessed a healthy double digit year-on-year growth on the back of robust demand, mainly for private vehicles and motorcycles, according to official statistics.
The Qatar Stock Exchange on Wednesday showed resiliency with its index gaining more than 166 points, mainly on the back of strong buying in the banking and real estate counters.
Qatar's Hamad, Doha and Al Ruwais ports have registered modest growth month-on-month in container and building materials handling amidst a marginal jump in ships arrivals this November, according to the official data.
Qatar's hydrocarbons sector and certain manufacturing businesses such as basic chemicals and refined petroleum products faced significant price pressure this October, as the country's producers' price index (PPI) soared 103% year-on-year, according to the official estimates.
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