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Satyendra Pathak
Doha
Qatar Stock Exchange (QSE) has invested significant resources in recent years to strengthen global reputation and standing of listed companies in Qatar, a senior official of the exchange has said.
Speaking at an event to award top-performing QSE-listed companies, QSE Marketing and Communications Director Hussain Mohammed al Abdullah said the bourse has encouraged companies to communicate to investors with transparency and credibility for the benefit of all market participants.
“Companies listed on QSE play important role in the economy of Qatar. Providing information about leading companies and giving investors the opportunity to benefit from their continued growth is vital for growth of Qatar’s economy.
“QSE supports all initiatives that encourage the listed companies to raise the level of their performance and transparency in order to help investors make educated investment decisions,” he said.
Speaking on the occasion, Saumya Krishna, director of financial advisory services at Deloitte in Qatar, said that impressive performance of listed companies reflects the resilience of Qatari economy in the face of the ongoing economic blockade.
After suffering losses in 2017, she said, Qatar’s stock market bounced back in 2018 to recover all losses made in the previous year and emerged as one of the best performing stock markets in the world.
Qatar is going ahead with all its announced projects in preparation for the 2022 Fifa World Cup and meeting the goals of 2030 Qatar National Vision, she said adding the country’s non-hydrocarbon sector is growing at a decent pace.
Despite the economic blockade imposed on Qatar in June 2017, she said, the country registered a growth rate of around 2 percent.
“This shows the resilience of the Qatari economy. The government provided support to the banking industry resulting in positive growth momentum for country’s economy,” she said.
Qatar is fast moving towards a knowledge-based economy, she said.
Talking to Qatar Tribune on the sidelines of the event, GWC Corporate Communications Senior Manager Mohammad Daoud said that companies in Qatar successfully managed the blockade by providing uninterrupted services to their existing clients despite the unjust blockade.
As a leading logistics company in Qatar, he said, GWC is going ahead with its expansion plans.
“Our recently launched GWC Bu Sulba Warehousing Park is getting very good response from the customers. In a very short period of time, the warehousing park has achieved the occupancy of 90 percent. This shows the vibrancy in the local economy,” he said.
The GWC Bu Sulba Warehousing Park is the direct result of the company’s knowledge of the logistics sector and the government’s wish to support SMEs with immediately operational and flexible warehousing solutions, he said adding that such new facilities will play a vital role in reducing overall cost of companies in the country.
Doha
Qatar Stock Exchange (QSE) has invested significant resources in recent years to strengthen global reputation and standing of listed companies in Qatar, a senior official of the exchange has said.
Speaking at an event to award top-performing QSE-listed companies, QSE Marketing and Communications Director Hussain Mohammed al Abdullah said the bourse has encouraged companies to communicate to investors with transparency and credibility for the benefit of all market participants.
“Companies listed on QSE play important role in the economy of Qatar. Providing information about leading companies and giving investors the opportunity to benefit from their continued growth is vital for growth of Qatar’s economy.
“QSE supports all initiatives that encourage the listed companies to raise the level of their performance and transparency in order to help investors make educated investment decisions,” he said.
Speaking on the occasion, Saumya Krishna, director of financial advisory services at Deloitte in Qatar, said that impressive performance of listed companies reflects the resilience of Qatari economy in the face of the ongoing economic blockade.
After suffering losses in 2017, she said, Qatar’s stock market bounced back in 2018 to recover all losses made in the previous year and emerged as one of the best performing stock markets in the world.
Qatar is going ahead with all its announced projects in preparation for the 2022 Fifa World Cup and meeting the goals of 2030 Qatar National Vision, she said adding the country’s non-hydrocarbon sector is growing at a decent pace.
Despite the economic blockade imposed on Qatar in June 2017, she said, the country registered a growth rate of around 2 percent.
“This shows the resilience of the Qatari economy. The government provided support to the banking industry resulting in positive growth momentum for country’s economy,” she said.
Qatar is fast moving towards a knowledge-based economy, she said.
Talking to Qatar Tribune on the sidelines of the event, GWC Corporate Communications Senior Manager Mohammad Daoud said that companies in Qatar successfully managed the blockade by providing uninterrupted services to their existing clients despite the unjust blockade.
As a leading logistics company in Qatar, he said, GWC is going ahead with its expansion plans.
“Our recently launched GWC Bu Sulba Warehousing Park is getting very good response from the customers. In a very short period of time, the warehousing park has achieved the occupancy of 90 percent. This shows the vibrancy in the local economy,” he said.
The GWC Bu Sulba Warehousing Park is the direct result of the company’s knowledge of the logistics sector and the government’s wish to support SMEs with immediately operational and flexible warehousing solutions, he said adding that such new facilities will play a vital role in reducing overall cost of companies in the country.
