While the dysfunctional state of global financial and economic affairs seems to have approached something like a perfect storm, and global interconnectedness means the Gulf is in no way detached from this shocking saga, there are still pockets of calm and promise to be found in the region’s business arena, away even from the relative shelter of its natural harbour of hydrocarbons.
Certain distinct, domestic factors can set the tone and agenda for non-oil sectors, as are supposed to be crucial to a diversified future. One sector said to be likely to respond well to those influences is insurance.
Recently the Qatar Financial Centre Authority (QFCA) initiated an annual market survey, a so-called barometer, to check the climate. It found a positive balance in terms of the overall mood of its respondents from the sector.
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