Rory Fyfe

Cabinet reshuffle indicates growing confidence in Qatar

The cabinet was reshuffled on November 4th, in the first changes since 2016. The most notable changes involved drafting corporate executives into government, including two from Qatar National Bank, and one each from Qatar Rail and Qatar Petroleum. This should support reforms to improve government efficiency and enhance the business environment. The boards of QP …

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Our new model and the impact of higher foreign investment on Qatar

We have developed a detailed economic model for Qatar and also for the whole of the GCC that can answer questions such as the impact of different policies, higher foreign investment, soaring energy prices or rising global interest rates As Qatar opens up its economy to foreign investors in an effort to diversify, the critical …

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How will Qatar’s multi-billion dollar LNG expansion impact the economy?

Qatar, the world’s largest LNG producer, is expanding output by 30% at a cost of $30bn to $40bn The impact on GDP can be split into 2 phases, (i) the investment phase (up to 2024) when new jobs will drive aggregate demand in the non-hydrocarbon economy and (ii) the increase in hydrocarbon production in 2025-26 …

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GCC growth to accelerate on higher oil prices, fiscal easing and rising oil production

GCC quarterly growth update Saudi Arabia: Growth firming in oil and non-oil sectors and likely to continue firming (we expect 2% growth in 2018) as higher oil prices lead to a loosening of fiscal policy and as oil production is set to rise UAE: PMIs point to stronger growth since April, especially in Dubai. We …

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