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00:00This program is sponsored by QNB.
00:23Good evening, dear viewers. Welcome to a new episode of Qatar, presented by me, Muammar Awad, from Doha, the capital of Qatar.
00:31What's in the headlines?
00:33Qatar's economy grew by 21% in the third quarter of last year, but it grew by 14% in the past nine months.
00:41In total, it's less than the IMF estimates.
00:45In total, Qatar's financial estimates for the past nine months are 517 billion Riyals.
00:51The construction and construction sector grew by 3% in the third quarter of last year.
00:56This is expected due to the lack of projects after the World Cup.
01:01According to the Central Bank's data, Qatar's Islamic trusts and bonds worth 8.25 billion Riyals
01:10were issued to the Qatari government.
01:15Although the Central Bank has continued to increase interest rates for the sixth time,
01:23it continues to issue short-term bonds.
01:27A few days ago, it was 2 billion Riyals, with an average value of 5.77%.
01:35Qatar's commodity trade fell by 17% in March,
01:41to 17.6 billion Riyals,
01:44due to the pressure to reduce exports to 28.5 billion Riyals,
01:50in exchange for a rise in new imports, to 10.9 billion Riyals.
01:57According to data provided by the Qatari Purchasing Directorate last April,
02:02Qatar recorded 52 points in support of new demands,
02:09production growth, and a rise in employment for the 14th month in a row.
02:16These were the highlights of this week's episode of Eye on Qatar.
02:21Welcome to the show.
02:24EYE ON QATAR
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06:29Qatar's GDP grew by 21% in the third quarter of last year,
06:35with direct support from the oil sector.
06:40The non-oil sector was a pressure on growth rates in general.
06:45Of course, there were 13 groups that supported growth in Qatar's economy.
06:50There were some groups that put pressure on growth,
06:55including the construction and construction sectors,
07:01which expected Qatar's economy to grow by 2.4% in 2023.
07:06More details in this show.
07:13Qatar's economy grew less than expected,
07:16in the third quarter of 2023,
07:20under pressure from the non-oil sector.
07:23Qatar's GDP grew by 21% in the third quarter of last year,
07:28with direct support from the oil sector.
07:31Qatar's economy grew less than expected,
07:34in the third quarter of last year,
07:37under pressure from the non-oil sector.
07:40Qatar's economy grew less than expected,
07:43in the third quarter of last year,
07:46under pressure from the oil sector.
07:49Qatar's economy grew less than expected,
07:52in the third quarter of last year,
07:55under pressure from the non-oil sector.
07:58Qatar's economy grew less than expected,
08:01in the third quarter of last year,
08:04under pressure from the oil sector.
08:07Qatar's economy grew less than expected,
08:10in the third quarter of last year,
08:13under pressure from the non-oil sector.
08:16Qatar's economy grew less than expected,
08:19in the third quarter of last year,
08:22under pressure from the oil sector.
08:25Qatar's economy grew less than expected,
08:28in the third quarter of last year,
08:31under pressure from the oil sector.
08:34Qatar's economy grew less than expected,
08:37in the third quarter of last year,
08:40under pressure from the oil sector.
08:43Qatar's economy grew less than expected,
08:46in the third quarter of last year,
08:49under pressure from the non-oil sector.
08:52Qatar's economy grew less than expected,
08:55in the third quarter of last year,
08:58under pressure from the oil sector.
09:01Qatar's economy grew less than expected,
09:04in the third quarter of last year,
09:07under pressure from the oil sector.
09:10Qatar's economy grew less than expected,
09:13in the third quarter of last year,
09:16under pressure from the oil sector.
09:19Qatar's economy grew less than expected,
09:22in the third quarter of last year,
09:25under pressure from the oil sector.
09:28Qatar's economy grew less than expected,
09:31in the third quarter of last year,
09:34under pressure from the oil sector.
09:37Qatar's economy grew less than expected,
09:40in the third quarter of last year,
09:43under pressure from the oil sector.
09:46Qatar's economy grew less than expected,
09:49in the third quarter of last year,
09:52under pressure from the oil sector.
09:55Qatar's economy grew less than expected,
09:58in the third quarter of last year,
10:01under pressure from the oil sector.
10:04Qatar's economy grew less than expected,
10:07under pressure from the oil sector.
10:10Qatar's economy grew less than expected,
10:13in the third quarter of last year,
10:16under pressure from the oil sector.
10:19A few days ago,
10:21the general meeting of the companies
10:24for the year 2023 ended.
10:27In general,
10:28some of the general public
10:30did not leave the general framework.
10:33In general,
10:34there was a lot of discussion
10:37between the companies' stakeholders
10:40and the board of directors.
10:42This stage was witnessed by the elections
10:45of the board of directors
10:47until 2026.
10:48In general,
10:49all the work plans were approved,
10:52including the financial data,
10:54the suggested profit distribution,
10:57and the rewards for the board members.
10:59The general public of the companies
11:02in 2023 without any surprises.
11:0652 companies are contributing in total
11:10to what came in the budget for the business
11:13and they approve the proposed allocations
11:15from the board of directors
11:17in which the banking and financial services sector
11:20took over the share of the assets.
11:23All the banks have their own needs
11:25and we at the Bank of Doha are trying
11:28to get new loans
11:31and we take into consideration
11:34the possibility of a decrease in interest
11:37in the coming years,
11:39but all this is taken into consideration
11:41and has been studied so that it does not affect
11:43the profitability of the bank.
11:45The return on cash allocations for 2023
11:48increased by 14.17%,
11:51but it did not leave its mark
11:54on the Qatar Stock Exchange,
11:56which fell by 10%,
11:58contrary to expectations.
12:00This led some to return to high interest rates
12:03and slow growth,
12:05and the competitive nature
12:07of the investment sector prevailed.
12:10The year 2023 was a difficult year
12:13for the global economy
12:15and for the Qatar economy.
12:17As we saw, the year was surrounded
12:19by a sense of uncertainty for investors,
12:22in addition to high inflation rates
12:25at the beginning of the year.
12:27The interest rates were high
12:29and this affected the global economy
12:32and the financial markets.
12:34The Qatar Stock Exchange
12:36is a part of the global economy
12:39and it was affected by this pressure.
12:45In terms of the shape,
12:47public meetings did not leave
12:49the traditional framework,
12:51and most of them were discussed
12:53by the board of directors
12:55about what came in the business schedules,
12:58including the financial data,
13:00the distribution proposal,
13:02and the approval of the board of directors,
13:05or even the registration of objections.
13:07This led some to trust
13:09the trust of the sponsors
13:11of the elected board of directors,
13:14or the conviction of small investors
13:17that an opinion will not lead to an opinion
13:20or create a gap.
13:23Al Jazeera
13:27China is still the first trading partner
13:30of Qatar in terms of trade exchange,
13:33as well as in terms of imports and exports.
13:36According to the figures of the
13:38Qatar Stock Exchange last March,
13:40the trade balance of Qatar
13:42decreased by about 17% annually
13:45to 17.6 billion Qatari riyals,
13:49while the export value
13:51decreased by 7.5% annually,
13:53while the import bill rose
13:56to 10.9 billion Qatari riyals.
13:59More details in this show.
14:19Al Jazeera
14:49China is still the first trading partner
14:52of Qatar in terms of trade exchange,
14:55as well as in terms of imports and exports.
14:58According to the figures of the
15:00Qatar Stock Exchange last March,
15:02the trade balance of Qatar
15:04decreased by 7.5 billion Qatari riyals,
15:07while the export value
15:09decreased by 7.5 billion Qatari riyals.
15:12More details in this show.
15:14Al Jazeera
15:19Don't go far, stay with us.
15:21Don't go far, stay with us.
15:29This show is sponsored by
15:32QNB
15:42This show is sponsored by
15:45QNB
15:48Welcome back, dear viewers,
15:50to the second episode of
15:52Qatar's Eye on Qatar.
15:54We start with the real estate company,
15:56Zdan,
15:58in light of a large real estate offer.
16:00According to many studies,
16:02the Zdan real estate group
16:04is launching a second phase
16:06of one of the projects
16:08south of the Qatari capital, Doha.
16:10I will discuss the financial impact
16:12of this project with my guest this week,
16:14Mr. Hani Damash,
16:16Deputy CEO of Zdan.
16:18Hani, you are launching
16:20a second phase of a huge
16:22real estate project
16:24south of the Qatari capital, Doha,
16:26in light of a large offer
16:28from the residential units.
16:30Why now?
16:32How do you see the financial impact
16:34on the company's real estate portfolio?
16:36In general,
16:38this phase was proposed
16:40more than two months ago.
16:42When we proposed the first phase,
16:44the market accepted it positively.
16:46This indicates that the market
16:48is willing to wait for a certain
16:50type of real estate
16:52that is suitable for the different
16:54classes of society.
16:56Indeed, because we saw
16:58that the first phase
17:00of the project was accepted
17:02positively,
17:04I think this is a good indicator
17:06that we are proposing
17:08the second phase.
17:10Of course,
17:12I would like to reiterate
17:14that there is a large
17:16supply in the market.
17:18I believe that
17:20the current proposal
17:22is in line with the logical
17:24growth in the market.
17:26Therefore,
17:28we will continue,
17:30according to the market demand,
17:32to propose the residential units
17:34as long as there is a good demand
17:36from the tenants and the companies
17:38to accommodate their employees.
17:40Thank God, we expect
17:42that there will be a growth
17:44in demand in the future
17:46in a logical and positive way
17:48in the medium and long term.
17:50You are saying that
17:52the real estate market still
17:54needs more residential units.
17:56Do I understand from your speech
17:58that the company plans
18:00to develop
18:02new real estate projects?
18:04Currently, the market is back
18:06to normal.
18:08We expect that there will be
18:10a deep and solid market in Qatar.
18:12We expect that in the future
18:14there will be a logical growth
18:16in line with the economic growth
18:18in the country.
18:20As for future projects,
18:22we will continue to study the market
18:24and the market demand
18:26for residential units.
18:28If there is a need,
18:30the Board of Directors will
18:32direct us in this direction.
18:34With this project,
18:36what is the real estate market
18:38and the number of residential units
18:40available in the real estate market
18:42by Izzan?
18:44The real estate market
18:46varies from time to time.
18:48I would like to go back
18:50to the budget.
18:52According to the current budget,
18:54the real estate market
18:56is worth approximately
18:5847 billion Riyals.
19:00As for the real estate market,
19:02the real estate market
19:04is worth
19:0633,500 residential units.
19:08How do you expect
19:10the financial impact
19:12of this project
19:14will affect the company's
19:16future profits?
19:18Of course,
19:20it will have a positive impact
19:22on the company's operating profits.
19:24We are always trying
19:26to achieve positive growth
19:28levels
19:30in terms of operating
19:32profits.
19:34We expect that
19:36this project
19:38will have a positive impact
19:40on the company's
19:42operating profits
19:44in the near future.
19:46Mr. Hani Yedabash,
19:48you are the Executive Vice-President
19:50of Izzan Qabda.
19:52Thank you very much.
19:54You were with me in CNBC Arabia
19:56during this interview.
19:58Dear viewers,
20:00we are in Qatar now.
20:02The Chief Financial Officer
20:04who measures the performance
20:06of private oil companies
20:08recorded 52 points
20:10in the past March.
20:12This is supported by
20:14increasing new orders,
20:16increasing production rates
20:18and increasing employment.
20:20More details in this report.
20:22The commercial activity
20:24of private oil companies
20:26is not linked to energy in Qatar.
20:28The Chief Financial Officer
20:30who measures the performance
20:32of private oil companies
20:34recorded 52 points
20:36in the past April.
20:38This is supported by
20:40increasing new orders,
20:42increasing employment.
20:44More details in this report.
20:46The commercial activity
20:48of private oil companies
20:50is not linked to energy in Qatar.
20:52More details in this report.
20:54The Chief Financial Officer
20:56who measures the performance
20:58of private oil companies
21:00recorded 52 points
21:02in the past April.
21:04This is supported by
21:06increasing new orders,
21:08increasing employment.
21:10More details in this report.
21:12The commercial activity
21:14of private oil companies
21:16is not linked to energy in Qatar.
21:18The Chief Financial Officer
21:20who measures the performance
21:22of private oil companies
21:24recorded 52 points
21:26in the past April.
21:28More details in this report.
21:30The commercial activity
21:32of private oil companies
21:34is not linked to energy in Qatar.
21:36More details in this report.
21:38The commercial activity
21:40of private oil companies
21:42is not linked to energy in Qatar.
21:44More details in this report.
21:46The commercial activity
21:48of private oil companies
21:50is not linked to energy in Qatar.
21:52More details in this report.
21:54The commercial activity
21:56of private oil companies
21:58is not linked to energy in Qatar.
22:00More details in this report.
22:02The commercial activity
22:04of private oil companies
22:06is not linked to energy in Qatar.
22:08More details in this report.
22:10The commercial activity
22:12of private oil companies
22:14is not linked to energy in Qatar.
22:16More details in this report.
22:18The commercial activity
22:20of private oil companies
22:22is not linked to energy in Qatar.
22:24More details in this report.
22:50More details in this report.
22:52The commercial activity
22:54of private oil companies
22:56is not linked to energy in Qatar.
22:58More details in this report.
23:00The commercial activity
23:02of private oil companies
23:04is not linked to energy in Qatar.
23:06More details in this report.
23:08The commercial activity
23:10of private oil companies
23:12is not linked to energy in Qatar.
23:14More details in this report.
23:16The commercial activity
23:18of private oil companies
23:20is not linked to energy in Qatar.
23:48This program is sponsored by
23:50QNB.