ما هي توقعات البنك الدولي للاقتصاد القطري في 2024؟
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00:00This program is sponsored by QNB.
00:21QNB
00:23Good evening, dear viewers.
00:26A new episode for this week.
00:29What's in the headlines?
00:31The International Monetary Fund and the Bank of Qatar
00:33have lowered their expectations for Qatar's economic growth
00:36by about 2% in 2024.
00:39The Monetary Fund is also expected to slow down
00:42in the current year to 2.4%.
00:47The estimated increase in loans and credit payments
00:51for Qatar's banks by the end of the first quarter of this year
00:54to 1.3 trillion Qatari Riyals
00:57is equivalent to a total of 1.9 trillion Qatari Riyals.
01:06On the other hand, the estimated growth in dividends
01:09to 1.31 trillion Qatari Riyals
01:13is due to the increase in dividends from the private sector
01:18and from non-residents
01:20due to the record levels of dividends
01:23in Qatar and the rest of the world.
01:27Qatar's real estate dividends in the first quarter of this year
01:32were more than 6%.
01:34We're talking about 12.8 billion Qatari Riyals.
01:37There was also a noticeable decline in real estate exchange rates
01:41in Qatar in the first quarter
01:43with more than 3.5% to 4.4 billion Qatari Riyals.
01:50In addition, the number of apartments and villas
01:54is more than 400,000 according to studies and research.
01:58This is a really big number
02:00in addition to the level of real estate prices
02:04and rents in the mid-2023.
02:08In this episode, we'll talk about e-commerce
02:12and its impact on the business sector and the distribution sector
02:16as well as the role of social media platforms
02:19in influencing this sector.
02:21These were the highlights of this week's episode.
02:25The show begins. Welcome.
02:29KSA News
02:34The International Bank of Qatar
02:37expected Qatar's economy to grow by 22% in 2024
02:43but it expected the next year's growth rate to be 23%.
02:49The bank also expected the individual's share
02:52of the total local income to increase by 22.16%.
02:57The share of the local income decreased by 13.13%
03:02from the total local income.
03:07The industrial production index in Qatar
03:10decreased by 28% in February
03:13on a monthly basis
03:15with a 9.5% reduction in the production
03:18in the refining and mining sectors
03:23and a 20% reduction in the manufacturing sector
03:28as a result of a reduction in production
03:31in six main sectors.
03:34The average growth rate in Qatar
03:37in the first quarter of the year
03:40decreased by 2.22%
03:43with a 22% reduction in the prices
03:46of housing, electricity and water
03:49and a 21% reduction in the index
03:52at the time the index was recorded
03:55last month
03:57with the lowest reading since 36 months.
04:02The Central Bank of Qatar issued government bonds
04:06worth 4.65 billion riyals
04:10to replace previous issuances
04:13which were due on 15 April.
04:17In total, the Central Bank of Qatar
04:20issued government bonds worth
04:2366.4 billion riyals
04:26and 53.7 billion riyals
04:29of Islamic bonds.
04:36The International Monetary Fund
04:39estimated Qatar's economic growth rate
04:42to increase by 21.16% in 2023
04:45to 2.00% in 2024 and 2025
04:51and the Central Bank estimated
04:54an average annual growth rate
04:57of 23.00% last year
05:00to 2.16% in 2024
05:03and 2.14% in 2025.
05:10The value of real estate in Qatar
05:13during the first quarter of 2024
05:16increased by 13.14% annually
05:20to 4.27 billion riyals
05:25while real estate bonds
05:28during the same period
05:31decreased by 6.13%
05:34to 12.840 billion riyals.
05:38In light of the availability of housing
05:41in Qatar, the value of real estate
05:44increased by 400,000 units
05:47according to the study of
05:50Kochman Wijkveld.
05:55According to the data of the Central Bank
05:58of Qatar last March,
06:01the total assets of the banks
06:04in Qatar amounted to about
06:071.9 trillion riyals
06:10while the total value of real estate
06:13in Qatar amounted to
06:161.3 trillion riyals.
06:19The growth of real estate in Qatar
06:22amounted to more than 1.3 trillion riyals.
06:25Most of the real estate came from
06:28the private sector
06:31but in terms of loans,
06:34real estate loans still record
06:37the highest level of real estate.
06:40We will follow the details in this show.
06:48The prices of real estate
06:51depict the prospects of the Qatari
06:54banking sector in 2023.
06:57What do these numbers mean?
07:00First of all, regarding the prices
07:03of real estate in the past period,
07:06the prices of real estate increased
07:09from 2022 to 2024
07:12according to the data of
07:15the Central Bank of Qatar.
07:18The prices of real estate increased
07:21in the past years.
07:24However, in general,
07:27the prices of real estate increased
07:30to 1.9 trillion riyals
07:33while the prices of local real estate
07:36increased to more than
07:391.6 trillion riyals.
07:42In terms of loans,
07:45the banking sector in Qatar
07:48grew by 4.4 trillion riyals
07:51compared to 1.3 trillion riyals
07:54compared to 1.4 trillion riyals
07:57compared to 1.3 trillion riyals
08:00while the Qatari banking sector
08:03grew by 384 billion riyals.
08:06The consumption loans grew
08:09by 10% while the real estate loans
08:12grew by 27% in 2023.
08:20In total, the total deposits
08:23in the Qatari banking sector
08:26grew by 16.6%
08:30while the general sector
08:33grew by 11.6%
08:36while the private sector
08:39grew by 3.14%
08:42while the non-residents
08:45grew by 190 billion riyals.
08:48But what about the critical situation
08:51in the Qatari banking sector?
08:54At first, the local liquidity
08:57grew by 14%
09:00to 742 billion riyals
09:03while the non-residents
09:06grew by 19%
09:09while the non-residents
09:12grew by 400 billion riyals.
09:15At the end of 2023,
09:18the company's business
09:21grew by 8%
09:25with 28.5 billion riyals.
09:28Qatar's QNB Bank
09:31acquired 8% of these results.
09:34Qatar's Islamic Bank
09:37acquired 7.5%
09:40while the commercial bank
09:43acquired 7%
09:46to 3 billion riyals.
09:49So, the interest rates
09:52in the Qatari banking sector
09:55grew by 8%
09:58while the non-residents
10:01grew by 8%
10:04while the non-residents
10:07grew by 9%
10:10while the non-residents
10:13grew by 10%
10:16while the non-residents
10:19grew by 12%
10:22while the non-residents
10:25grew by 12%
10:28while the non-residents
10:31grew by 14%
10:34while the non-residents
10:37grew by 33%
10:40so Qatar's atmosphere
10:43changed in the past year.
10:46We met with Mr. Mohamed Murshid Al-Mana'i, who is the director of the Siberian Security
10:53Administration.
10:54We will talk about this experiment in detail.
10:57This initiative is an annual national initiative carried out by the Siberian National Security
11:04Agency.
11:05The goal of this initiative is to test the readiness of the participating parties, which
11:11may take a strategic turn when an incident occurs with this party.
11:16The risks have increased, as we know.
11:19How do you evaluate the readiness of the companies that participate in this initiative
11:24or different parties in the state?
11:27The readiness evaluation is divided into two parts.
11:30The first part is to evaluate the readiness of the companies that participate in this
11:35initiative.
11:36For example, the first team is an art team.
11:39We test this art team to see if they are able to detect a breach.
11:43Can they identify this breach?
11:45Can they deal with it in a safe manner?
11:48The second part is to evaluate the readiness of the companies that participate in this
11:54initiative.
11:55The first team is an art team.
11:58We test this art team to see if they are able to detect a breach.
12:02Can they deal with it in a safe manner?
12:05Can they deal with it in a safe manner?
12:08Can they identify this breach?
12:11Can they deal with it in a safe manner?
12:14This is the first part of the art team.
12:17The second part is the administration team.
12:20We test the readiness of the decisions that are made.
12:23There are administrative decisions that are not necessarily art.
12:27But they are necessary to identify whether this decision is compatible with national
12:34standards, the data privacy law, and the best practices in the field of cyber security.
12:47We are still living in a season of companies disclosing their financial data.
12:51For the first quarter of this year, companies started to disclose their financial data.
12:57The Egyptian sector was in charge of this.
13:00The Bank of Doha's growth rate in terms of profits was 11%.
13:04This was due to the growth in operating activity and interest rates,
13:08the growth in assets, loans, and also in dividends.
13:12But it was noteworthy that the inflated debt amounted to 4.6 billion Qatari Riyals,
13:20with a clear decrease in the total liabilities.
13:24What are the numbers and data of the Bank of Doha and the financial performance
13:28for the first quarter of this year?
13:30Let's follow this presentation.
14:28Directorate for Economic Development
14:51My dear viewers, we will continue in this episode from our visit to Qatar in its second quarter.
14:56Qatar has opened an energy file and increased the company's credit rating to AAA by Fitch International.
15:03It has also opened an electronic marketing file and its impact on the distribution sector in Qatar.
15:08Don't stay too long, stay with us.
15:15This program is sponsored by
15:18QNB
15:25This program is sponsored by
15:29QNB
15:31Welcome back to the second part of this week's episode of Eyes on Qatar.
15:38Fitch International has increased the company's credit rating from AA- to AA-
15:45with a stable future.
15:47Of course, this rating is based on a set of data related to the company's financial center
15:53and the company's ability to comply with its commitments.
15:56Of course, the company is currently developing one of the largest gas fields projects in the world
16:02until 2030.
16:04The production of natural gas has increased by 85% to 142 million tons by 2030.
16:14Here are 30 details of this report.
16:17Fitch International has increased the company's credit rating from AA- to AA-
16:22with a stable future.
16:25It has also increased the company's credit rating for the Gulf country in March.
16:31According to the report, the company's capital expenditure is expected to reach 30 billion riyals
16:39by 2026 with the support of developing a set of projects,
16:44including the expansion of the northern gas field,
16:48the largest gas field in the world,
16:51to increase production of natural gas by 85% to 142 million tons by 2030.
17:02According to the agency,
17:05Qatar Energy enjoys strong liquidity levels and a large financial pool
17:11exceeding $21.2 billion,
17:15compared to the total debt of $15.3 billion,
17:21according to data from the end of the first half of 2023.
17:26This provides the company with incentives to continue its ongoing projects and other plans.
17:33The agency sees that the company's profits to be distributed until 2026
17:39are estimated to be between 55 billion and 125 billion riyals annually.
17:45It is likely that the company will continue its position in the global natural gas market
17:51due to the low cost of gas production.
17:57A study by Ristad for Norwegian Energy indicates
18:00that the equivalent price of Qatari natural gas is $5.60 per million British calories,
18:09including the cost of transportation to Asian markets,
18:13which is less than 34% of the equivalent price of American gas.
18:19Qatar Energy sells 80% of its natural gas production for long-term contracts.
18:28However, sales are short-term through agreements lasting from one year to three years.
18:42Electronic marketing, or buying and selling through the network,
18:46has become a balanced market that encompasses traditional markets,
18:51especially distribution markets.
18:53The traditional markets have a negative impact on the distribution and service sectors in general.
19:06In addition, social media platforms were also a part of promoting this buying and selling pattern in general.
19:15What about the electronic marketing in Qatar and its impact on the distribution sector?
19:19Let's follow this report.
19:22Technology imposes itself on the lives of people and their daily lives,
19:27and its programs and applications transform traditional paths
19:32to gain knowledge, goods and services,
19:35from a limited material world to an endless virtual world.
19:41A revolution in digital technology is still taking place.
19:46Through this revolution, human behavior has changed in coordination with the material world,
19:51and the culture of armament has been consolidated,
19:54and reality has been instilled in the cornerstone of consumerism,
19:59and a person's desire to own has flourished,
20:03and he has been led to happiness,
20:05and he has been held hostage by a weapon that chases him wherever he turns his face,
20:11and wherever he puts his fingers on his tablet.
20:16Today, a person has three or four additional hours of his time,
20:21in a time that has changed humanity.
20:23Today is the age of speed.
20:24These three or four hours are provided to us by companies,
20:27through the delivery of all their requests to a place of residence or work.
20:32We must not forget that there is 9.2 billion Riyals
20:36coming out of the state to the external trading platforms abroad.
20:39Today, at the global level,
20:41the direction of e-commerce has become linked to communication,
20:45which has created a new model of work,
20:48as I mentioned, called fast e-commerce.
20:51Our goal is not only to limit it to a portion of 700 million,
20:55but we also aim to subsidize a large part of the 9.2 billion
21:00to the state of Qatar.
21:01We aim to subsidize 2 billion Riyals by the year 2024.
21:05Social media platforms,
21:07like the crown on the spider web,
21:10have become marketplaces for everything that is in danger of being consumed.
21:16Individuals, companies and institutions
21:19are pursuing, through these applications,
21:22potential customers from all over the world,
21:26in order to make a profit and to increase their earnings.
21:29And if there are people who,
21:31based on their market values and morals,
21:34are studying and researching,
21:37more than 71% of the users of social media
21:43buy products and services
21:46based on revocations from social media.
21:52Social media is not limited to the stock market,
21:55but also to the household,
21:57the kitchen and the needs of the family.
22:00These applications have solved a lot of problems.
22:03What is surprising is that all the smart men,
22:06from both sexes,
22:08have started to rise to the occasion.
22:12Most of the supermarkets have their own apps,
22:18and some of them have small cars or motorcycles.
22:23So, their sales have increased.
22:26These institutions have taken part of their profits,
22:30but they have promoted more goods.
22:32Here in Qatar,
22:34the rich country,
22:36and the fastest internet network in the world,
22:39is witnessing an unprecedented jump
22:41in the number of digital buyers.
22:44This has had a negative impact
22:46on the real distribution sector,
22:48and has led to the exit of many companies from the market.
22:52These are policies supported by promotion
22:55and type marketing,
22:57supported by artificial intelligence algorithms,
23:00studies and market research.
23:03One of them is Harvard,
23:05which shows that 59% of social media users
23:10are buying unplanned goods.
23:20The local market in Qatar in March,
23:23which is known as the IMTO,
23:26recorded a 17% decrease on a monthly basis.
23:29It is close to its historical level,
23:32with 742 billion Qataris.
23:35It is composed of a narrow margin,
23:38which is reflected in the decrease in circulation,
23:42as well as the decline in demand,
23:45which was noticeable.
23:47However, in contrast to this,
23:49we noticed a decline,
23:51which has affected the overall local market.
23:54Let's look at the details of this exhibition.
24:39Qatar in March
25:00Dear viewers,
25:01this week's episode of Eye on Qatar
25:03has come to an end.
25:05As promised,
25:06we will be back next week.
25:08For those who missed this episode
25:10and previous episodes of Eye on Qatar,
25:12you can follow them on the Inktron website
25:15of the CNBC Arabic channel,
25:17as well as digital platforms.
25:19See you next week.
25:21Goodbye.
25:35Eye on Qatar