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    How Startups Are Redefining Food Security in the Middle East

    How Startups Are Redefining Food Security in the Middle East

    Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

    Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

    UAE Enhances My FarmWell App to Support Sustainable Agriculture

    UAE Enhances My FarmWell App to Support Sustainable Agriculture

    Qatar’s Largest Hydroponic Farm Pioneers Sustainable Agriculture

    Qatar’s Largest Hydroponic Farm Pioneers Sustainable Agriculture

    Oman Strengthens Leadership in Marine Conservation and Sustainability

    Oman Strengthens Leadership in Marine Conservation and Sustainability

    Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

    Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

    How Strategic Investments, Technology, and Finance Are Reshaping Agriculture

    How Strategic Investments, Technology, and Finance Are Reshaping Agriculture

    Egypt, Poland Explore Agri-Tech and Investment Opportunities

    Egypt, Poland Explore Agri-Tech and Investment Opportunities

    Egypt Enhances Water Management Using Satellite Technology

    Egypt Enhances Water Management Using Satellite Technology

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      Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

      Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

      Iraq’s Development Road: A New Contender in Global Trade Routes?

      Iraq’s Development Road: A New Contender in Global Trade Routes?

      Saudi Arabia’s PPR Pipes Market to Reach 34,119 Tons by 2033, Driven by Sustainability, Infrastructure Expansion, and Water Conservation Efforts

      Saudi Arabia’s PPR Pipes Market to Reach 34,119 Tons by 2033, Driven by Sustainability, Infrastructure Expansion, and Water Conservation Efforts

      UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

      UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

      Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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        Steady Growth Ahead for Oman’s Construction Sector on the Back of FDI and Infrastructure Investments

        Steady Growth Ahead for Oman’s Construction Sector on the Back of FDI and Infrastructure Investments

        Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

        Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

        Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

        Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

        Saudi Arabia Launches First Tender for Expo 2030 Construction Works

        Saudi Arabia Launches First Tender for Expo 2030 Construction Works

        Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

        Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

        Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

        Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

        Iraq Launches $400–600M Tender for Baghdad Airport Development

        Iraq Launches $400–600M Tender for Baghdad Airport Development

        Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

        Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

        Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

        Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

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          Iraq Accelerates Solar Energy Expansion in Public Sector

          Iraq Accelerates Solar Energy Expansion in Public Sector

          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

          Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

          Oman Seeks Bids for Two Major Substation Projects

          Oman Seeks Bids for Two Major Substation Projects

          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Qatar 2025: From Energy Powerhouse to Innovation Leader

          Iraq Aims for 12 GW of Renewable Energy by 2030

          Iraq Aims for 12 GW of Renewable Energy by 2030

          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

          Iraq and Power China International Sign Deal to Strengthen National Power Grid

          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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            Qatar Tops MENA in Healthcare Index, Ranks 18th Globally

            Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

            Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

            Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

            Qatar’s Health Spending Set to Climb 14% by 2029

            Qatar’s Health Spending Set to Climb 14% by 2029

            Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

            Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

            Qatar and the UK Explore Deeper Cooperation in Healthcare

            Qatar and the UK Explore Deeper Cooperation in Healthcare

            The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

            The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

            Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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              Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

              Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

              Qatar Expands Domestic Tourism with Cultural Attractions and Family-Friendly Destinations

              Qatar Expands Domestic Tourism with Cultural Attractions and Family-Friendly Destinations

              Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

              Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

              Oman Launches First Rutab Festival to Celebrate Heritage, Farming and Tourism

              Oman Launches First Rutab Festival to Celebrate Heritage, Farming and Tourism

              Saudi Arabia Leads Middle East’s Strategic Push into $600 Billion Global Sports Economy

              Saudi Arabia Leads Middle East’s Strategic Push into $600 Billion Global Sports Economy

              Global Tourism Set to Reach 30 Billion Trips and $16 Trillion GDP by 2034

              Global Tourism Set to Reach 30 Billion Trips and $16 Trillion GDP by 2034

              Oman Awards Over $600 Million in Contracts for Tourism Expansion

              Oman Awards Over $600 Million in Contracts for Tourism Expansion

              Qatar Expands Role as a Leading Global Tourism Destination

              Qatar Expands Role as a Leading Global Tourism Destination

              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                Technological and Sustainable Innovation Drives Growth in Digital Printing

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                Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                Packaging Becomes Lifeline for Struggling Print Industry

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                  Technological and Sustainable Innovation Drives Growth in Digital Printing

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                  UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

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                  Dubai Launches Region’s First PropTech Hub to Back 200 Startups by 2030

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                  Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                  Consumer Electronics Boom Continues Across GCC, Middle East

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                  Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                  The Top 10 Emerging Technologies for 2025

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                  Saudi Arabia’s ICT Spending Tops $10 Billion: Key Trends and What’s Ahead

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                  GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                    Iraqi PM al-Sudani Inaugurates Rebuilt Mosul International Airport

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                    Saudi Arabia Unveils Plans for Massive Expansion of Its Transport Network

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                    GCC Logistics Market Projected to Reach USD 171 Billion by 2033, Driven by E-Commerce, Infrastructure, and Technology

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                    Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

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                    Iraq’s Development Road: A New Contender in Global Trade Routes?

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                    Iraq Launches $400–600M Tender for Baghdad Airport Development

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                    Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

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                    Iraq to Establish Four New Desalination Plants in Basra

                    Over 111 km of Internal Road Projects Underway in Oman’s Al Dhahirah Municipality

                    Over 111 km of Internal Road Projects Underway in Oman’s Al Dhahirah Municipality

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                      How Startups Are Redefining Food Security in the Middle East

                      Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

                      Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

                      UAE Enhances My FarmWell App to Support Sustainable Agriculture

                      UAE Enhances My FarmWell App to Support Sustainable Agriculture

                      Qatar’s Largest Hydroponic Farm Pioneers Sustainable Agriculture

                      Qatar’s Largest Hydroponic Farm Pioneers Sustainable Agriculture

                      Oman Strengthens Leadership in Marine Conservation and Sustainability

                      Oman Strengthens Leadership in Marine Conservation and Sustainability

                      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

                      Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

                      How Strategic Investments, Technology, and Finance Are Reshaping Agriculture

                      How Strategic Investments, Technology, and Finance Are Reshaping Agriculture

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                      Egypt, Poland Explore Agri-Tech and Investment Opportunities

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                      Egypt Enhances Water Management Using Satellite Technology

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                        Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

                        Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

                        Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

                        Saudi Arabia’s Jahez Acquires 76% Stake in Qatar’s Food Delivery Platform Snoonu for $245 Million

                        Iraq’s Development Road: A New Contender in Global Trade Routes?

                        Iraq’s Development Road: A New Contender in Global Trade Routes?

                        Saudi Arabia’s PPR Pipes Market to Reach 34,119 Tons by 2033, Driven by Sustainability, Infrastructure Expansion, and Water Conservation Efforts

                        Saudi Arabia’s PPR Pipes Market to Reach 34,119 Tons by 2033, Driven by Sustainability, Infrastructure Expansion, and Water Conservation Efforts

                        UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

                        UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

                        Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

                        Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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                        Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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                        Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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                          Steady Growth Ahead for Oman’s Construction Sector on the Back of FDI and Infrastructure Investments

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                          Beyond Skyscrapers: How the GCC Is Shaping a Low-Carbon Construction Future

                          Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

                          Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

                          Saudi Arabia Launches First Tender for Expo 2030 Construction Works

                          Saudi Arabia Launches First Tender for Expo 2030 Construction Works

                          Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

                          Oman Launches $103 Million Tender for Salalah’s Spray Boulevard Project

                          Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

                          Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

                          Iraq Launches $400–600M Tender for Baghdad Airport Development

                          Iraq Launches $400–600M Tender for Baghdad Airport Development

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                          Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

                          Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

                          Construction Underway on Iraq’s Tallest Twin Towers in Baghdad

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                            Iraq Accelerates Solar Energy Expansion in Public Sector

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                            Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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                            Turkish Firm ENKA Secures $289M Contract to Upgrade Power Plant in Iraq’s Sulaymaniyah

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                            Oman Seeks Bids for Two Major Substation Projects

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                            Qatar 2025: From Energy Powerhouse to Innovation Leader

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                            Iraq Aims for 12 GW of Renewable Energy by 2030

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                            Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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                            Iraq and Power China International Sign Deal to Strengthen National Power Grid

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                              Qatar Tops MENA in Healthcare Index, Ranks 18th Globally

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                              Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                              Qatar Medicare 2025 Returns to Doha as the Premier International Healthcare Platform

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                              Qatar’s Health Spending Set to Climb 14% by 2029

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                              The View Hospital Becomes Qatar’s First Private Facility with a Dedicated Dialysis Unit

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                              Qatar’s Ambulance System Sets Global Benchmark with Cutting-Edge Pre-Hospital Care

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                              Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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                                Baghdad Experiences Historic Hotel Expansion with Over 20 Luxury Projects in Progress

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                                Qatar Expands Domestic Tourism with Cultural Attractions and Family-Friendly Destinations

                                Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

                                Oman’s Tourism Revenues Reach $5.5 Billion in 2024, Reinforcing Economic Diversification Goals

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                                Oman Launches First Rutab Festival to Celebrate Heritage, Farming and Tourism

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                                Saudi Arabia Leads Middle East’s Strategic Push into $600 Billion Global Sports Economy

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                                Global Tourism Set to Reach 30 Billion Trips and $16 Trillion GDP by 2034

                                Oman Awards Over $600 Million in Contracts for Tourism Expansion

                                Oman Awards Over $600 Million in Contracts for Tourism Expansion

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                                Qatar Expands Role as a Leading Global Tourism Destination

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                                Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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                                  Middle East Printing Inks Market Outlook 2025–2033

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                                  Technological and Sustainable Innovation Drives Growth in Digital Printing

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                                  Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                                  Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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                                  Abu Dhabi’s Aldar Targets 87% Construction Waste Recycling In 2025 Sustainability Push

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                                  Qatar Strengthens Circular Economy with Expansion of Recycling Facilities

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                                  Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                                  Packaging Becomes Lifeline for Struggling Print Industry

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                                    Technological and Sustainable Innovation Drives Growth in Digital Printing

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                                    UAE Launches New AI-Powered Strategic Planning Cycle Aligned with 2031 Vision

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                                    Dubai Launches Region’s First PropTech Hub to Back 200 Startups by 2030

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                                    Qatar’s Booming Consumer Electronics Market Sets the Stage for ConsumerTeQ 2025

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                                    Consumer Electronics Boom Continues Across GCC, Middle East

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                                    Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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                                    The Top 10 Emerging Technologies for 2025

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                                    Saudi Arabia’s ICT Spending Tops $10 Billion: Key Trends and What’s Ahead

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                                    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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                                      Iraqi PM al-Sudani Inaugurates Rebuilt Mosul International Airport

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                                      Saudi Arabia Unveils Plans for Massive Expansion of Its Transport Network

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                                      GCC Logistics Market Projected to Reach USD 171 Billion by 2033, Driven by E-Commerce, Infrastructure, and Technology

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                                      Oman Launches $122 Million Izki–Nizwa Road Dualisation Project

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                                      Iraq’s Development Road: A New Contender in Global Trade Routes?

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                                      Iraq Launches $400–600M Tender for Baghdad Airport Development

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                                      Oman’s Al Dhahirah EZAD Sets Sights on Regional Prominence with Seven Strategic Deals

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                                      Iraq to Establish Four New Desalination Plants in Basra

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                                      Over 111 km of Internal Road Projects Underway in Oman’s Al Dhahirah Municipality

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                                      Home Business & Economy Economy

                                      Qatar’s economic outlook remains positive

                                      December 3, 2019
                                      in Economy, Finance
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                                      Qatar’s economic outlook remains positive
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                                      HE Sheikh Abdulla bin Saoud Al Thani, Governor of Qatar Central Bank (QCB) has stated that Qatar’s economic outlook is positive and the growth is expected to recover significantly in the second half of 2019.

                                      “While many high-frequency indicators such as industrial production index (IPI), particularly manufacturing, PMI and others have shown a marked improvement in the recent period, hydrocarbon production is also slated to increase around the end of 2019 from new project coming on stream. ”, the QCB Governor said. Citing IMF report Sheikh Abdulla added that Qatar’s GDP is expected to grow by 2.0 percent in 2019.

                                      In an interview with the Euromoney, ahead of the latest edition of Euromoney Qatar Conference, the QCB Governor noted that the contraction in Qatar’s Q2-2019 GDP growth was due to a combination of global and domestic factors. Despite supply cut by the Opec plus group, the global economic slowdown continued to weigh on energy prices and imports of many advanced and emerging market economies. In terms of domestic factors, the expected ongoing cyclical downturn in the construction sector contributed negatively to non-hydrocarbon sector growth.

                                      Sheikh Abdulla noted that the economic outlook for 2020 remains positive as the number of policy measures undertaken in recent years is expected to boost overall economic growth and business sentiments. Favorable macroeconomic fundamentals and financial stability will also provide growth enabling the macroeconomic environment. The external account surplus and fiscal buffer provide the necessary macroeconomic strength in Qatar. In fact, as per the latest IMF – WEO report, Qatar’s GDP growth is projected to improve to 2.8 percent in 2020, which would be one of the fastest in the GCC region.

                                      Furthermore, he added, the economic growth is expected to be broad-based, driven by the recovery in both hydrocarbon and non-hydrocarbon sector. The hydrocarbon sector is likely to grow in tandem with the planned expansion of energy production in the next few years, which itself would have a catalytic impact on the non-hydrocarbon sector. At the same time, a number of policy measures undertaken to help economic diversification will boost economic growth in the non-hydrocarbon sector.

                                      These policy measures include steps undertaken to promote wholesale trade, small and medium scale enterprises, and agriculture and allied activities; the new FDI law; and setting up of investment promotion agency to attract foreign investment in Qatar.

                                      Major infrastructure developments such as the SEZs and Hamad Port will provide further momentum to international trade and investment. The network of express highways and logistics centers that are located strategically in various locations of the country will help in the economic diversification process.

                                      The QCB Governor pointed out that Qatar has been one of the 20 countries in the world in terms of improvement in terms of ‘ease of doing businesses’ in the latest World Bank report.

                                      Responding to the question “Will there be more bank consolidation in Qatar?” the QCB Governor said: “Consolidation of banks take place either as a directive from the authorities (Central bank, Government, etc.,) to maintain financial stability or as a business strategy of the participating banks to reap the benefit from improved efficiency through diversification of balance sheet. The merger of two banks in Qatar was of the second type, where the banks came out with the consolidation proposal and Qatar Central Bank provided the necessary approval after conducting legal and financial due diligence.”.

                                      As a regulator of the banking sector, QCB is focused on the viability of the proposal as well as its impact on the overall stability of the banking sector. Thus, the possibility of further consolidation of banks depends solely on the individual bank’s business strategy and for the central bank it is not desirable to stifle the creativity and drive for the efficiency of the banking sector, he added.

                                      The Peninsula
                                      03/12/2019

                                      Tags: economyinvestmentQatar
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