Google+ Followers

Tuesday, 24 January 2012

Gulf Times – Qatar business optimism holding steady

Qatar’s business community shows steady optimism in the first quarter (Q1) mainly supported by hydrocarbons sectors. But they have become “slightly” cautious in their outlook on the non-oil sector in view of the deepening banking and sovereign debt issues in advanced economies, according to the Business Optimism Index (BOI).
The BOI, jointly prepared by the Qatar Financial Centre Authority (QFCA) and Dun & Bradstreet, found falling optimism in the construction, trade and hospitality, transport and communications sectors, while the outlook for manufacturing and finance segments remained stable within the non-oil sector. It also found that inflationary pressure was the leading concern for both the oil and non-oil sectors.