Political tensions in the Arab world, the recent earthquake and the resultant tsunami in Japan besides concerns over European sovereign debt have weakened the optimism in the Qatar Inc in the second quarter, according to the Business Optimism Index (BOI).
The composite index for the hydrocarbon sector retreated due to the expected fall in net profits and employment and that for the non-hydrocarbon segment declined mainly due to a pulldown by uncertainty in the region, said the BOI, a joint product of Qatar Financial Centre Authority (QFCA) and Dun and Bradstreet (D&B).
The report was released yesterday by Yousef al-Jaida, head of asset management and banking, QFCA.
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