Latest news with #TransformingtheGlobalEconomy
Qatar Living
21-05-2025
- Business
- Qatar Living
Bloomberg Founder praises Qatar as economic model and force for stability and peace
Founder of Bloomberg Media Group, Michael Bloomberg, described the State of Qatar as a leading economic model and a positive force for stability and peace, endowed with a long-term strategic vision. Speaking during the opening session of the fifth Qatar Economic Forum, Powered by Bloomberg, which took place in Doha on Tuesday, Bloomberg stressed that the State of Qatar represents a positive force for stability and long-term thinking, including its strategic foresight in the energy sector. He pointed out that the State of Qatar is one of the world's leading exporters of liquefied natural gas and invests billions in renewable energy both at home and abroad. This economic leadership and strategic foresight, he said, should serve as a source of inspiration for other nations. Furthermore, Bloomberg lauded Qatar's active role and diplomacy in conflict resolution and dispute settlement, emphasizing that there is ongoing diplomatic work taking place behind the scenes, work that people may not readily see, through which Qatar exerts its efforts to help parties to the conflict engage in dialogue, thereby contributing to making the world a better place. He noted the partnership between the State of Qatar and Bloomberg Media Group in organizing this forum, which this year convenes nearly 2,500 participants from various countries around the globe. This gathering comes amid the economic perturbations and instability the world is currently facing, which have led to market fluctuations, the ramifications of a global trade war and pervasive uncertainty, as well as ongoing military conflicts and the mounting costs of the climate crisis, Bloomberg highlighted. Held this year under the theme 'The Road to 2030: Transforming the Global Economy', the forum is witnessing broad international participation to share perspectives on the most pressing global and regional economic issues. The agenda is structured around five core thematic pillars, primarily geopolitics, globalization and trade, energy supplies and security, the realities of emerging technologies, the business and investment outlook, and the future of the sports and entertainment sectors.
Qatar Tribune
20-05-2025
- Business
- Qatar Tribune
Qatar aims to build diversified, innovation-driven economy: PM
Satyendra Pathak Doha Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani on Tuesday reaffirmed Qatar's ambition to build a diversified and prosperous economy rooted in knowledge and innovation. Embracing the technological revolution, the PM said, Qatar seeks to create an economy defined by flexibility, adaptability, and global competitiveness. Delivering the opening remarks at the fifth edition of the Qatar Economic Forum (QEF), Powered by Bloomberg, under the theme 'The Road to 2030: Transforming the Global Economy', the PM emphasised Qatar's vision to become a beacon of technological advancement and a global hub for investment and business. This vision, he noted, is grounded in trust and reliability—principles that guide the country's approach across energy, investment, and diplomacy. The prime minister highlighted ongoing efforts to translate this vision into reality by strategically diversifying foreign investments to enhance economic resilience and build a sustainable, long-term economic foundation. In this context, he pointed to the Qatar Investment Authority's (QIA) continued pursuit of its long-term strategy through strategic global partnerships. This year alone, QIA has made substantial investments spanning the United States, Africa, and China that reflect strong confidence in the dynamism and future potential of global, especially emerging, markets. On the domestic front, the prime minister stated that Qatar's economy maintained its positive trajectory in 2024, achieving real GDP growth of 2.4 percent and reaching a total output of QR713 billion. He attributed the growth primarily to robust expansion in non-oil sectors, which grew by 3.4 percent year-on-year—underscoring steady progress toward the goals outlined in Qatar's Third National Development Strategy. He further highlighted that foreign direct investment (FDI) inflows are expected to reach QR 9.9 billion by the end of 2024, reflecting growing international confidence in the strength and resilience of the Qatari economy. To sustain this momentum, Qatar continues to enhance its legislative and administrative frameworks, making the business environment more efficient, transparent, and attractive to global investors. In line with these efforts, he announced the launch of the first package of investment incentives, aimed at investors and focused on strategic sectors such as advanced manufacturing, modern technology, and logistics services. He described the package as a significant step toward stimulating growth in key areas that will form the backbone of Qatar's future economy. In addition to industrial expansion, the prime minister said, 'This year witnessed the launch of the Simaisma Project, one of the largest entertainment projects in the region. It is also a major driver of the real estate and tourism sectors and an effective engine for integrated development.' In the realm of innovation and digital transformation, the prime minister stated that Qatar has firmly established itself as a rising hub for emerging technologies. He highlighted the successful hosting of the second edition of the Web Summit in Doha in February 2025, which drew over 25,000 participants from 124 countries. He noted that the event played a pivotal role in fostering meaningful connections between emerging technology ecosystems in Asia and Africa and major international corporations and sovereign wealth funds, further cementing Qatar's position as a global platform for digital convergence. Further validating this momentum, the prime minister announced that Qatar has secured the hosting rights for the Mobile World Congress (MWC) for the next five years, with the inaugural edition set to take place in November. This achievement, he said, places Qatar prominently on the map of the global digital economy. To align with these advancements and ensure meaningful participation in such landmark events, the prime minister revealed that Qatar will soon launch a major new initiative aimed at achieving international recognition in the digital domain. Details of the project are expected to be unveiled later this year. These achievements, he emphasised, reflect Qatar's unwavering commitment to harnessing its role as a global economic and investment hub and to building a future anchored in diversity, innovation, and sustainability. The prime minister elaborated on the dire and escalating humanitarian catastrophe in Gaza, emphasizing that despite the relentless efforts of Qatar—working in close partnership with of Egypt and the United States—to end the ongoing war, every opportunity for de-escalation continues to be tragically squandered. The recent release of Israeli-American soldier Edan Alexander initially signaled a potential opening to halt the violence and initiate a broader ceasefire. However, instead of seizing this moment for peace, it was met with a renewed and intensified campaign of bombardment—resulting in the deaths of numerous innocent civilians. Hestrongly condemned this reckless and unjustifiable escalation, stating that such actions only serve to undermine any remaining prospects for a peaceful resolution. He affirmed that Qatar remains unwavering in its commitment to diplomacy. Together with its partners, Qatar will persist in its efforts until the war is brought to an end, all hostages and detainees are released, and meaningful relief reaches the people of Gaza—steering the region away from the constant threat of further devastation. On the Syrian crisis, the prime minister welcomed the United States' decision to lift sanctions on Syria, describing it as a meaningful step forward. He expressed hope that additional measures would follow, sending a clear signal that nations emerging from conflict must be given a real and full chance to rebuild, heal, and envision a better future. Underscoring Qatar's guiding philosophy, he stated that political stability and economic prosperity are deeply interconnected and cannot be pursued in isolation. It is on this foundation, he noted, that Qatar has built its proactive foreign policy—rooted in principled mediation and constructive engagement to resolve conflicts. For Qatar, he emphasised, peace is not just an ideal but the very cornerstone of sustainable development. He further reflected that every diplomatic initiative Qatar undertakes is an investment in a future that is more stable, secure, and prosperous. When a young student in Gaza completes his education, or a Syrian family is able to return home after years of displacement, it becomes clear how profoundly stability shapes human lives and revitalizes economies. In conclusion, the PM expressed hope that the forum's discussions would bear meaningful outcomes, paving the way for sincere and productive dialogue, and fostering new economic partnerships that advance the cause of sustainable development both regionally and globally.
ILoveQatar.net
20-05-2025
- Business
- ILoveQatar.net
Qatar Economic Forum has grown into a global platform for leaders & decision makers: H.H. the Amir
H.H. the Amir Sheikh Tamim bin Hamad Al Thani patronized the opening of the fifth edition of the Qatar Economic Forum, Powered by Bloomberg, on 20 May 2025 at the Katara Towers: Fairmont & Raffles Hotels. His Highness posted on his official X (formerly Twitter) account his well wishes for the forum's success and for all attendees. H.H. the Amir Tamim bin Hamad Al Thani on X: سعدت اليوم بافتتاح منتدى قطر الاقتصادي في نسخته الخامسة، الذي أضحى منذ أطلقناه قبل نحو أربعة أعوام بالتعاون مع بلومبيرغ، منصة عالمية هامة، وملتقى للخبراء وأهل الفكر وصناع القرار، الذين تابعت باهتمام بالغ بعضاً من نقاشاتهم وآرائهم حول موضوعات اقتصادية وجيوسياسية وتكنولوجية هامة.… — تميم بن حمد (@TamimBinHamad) May 20, 2025 The post reads: "Today, I was pleased to open the fifth edition of the Qatar Economic Forum. Since its launch nearly four years ago in partnership with Bloomberg, the forum has become a significant global platform and a meeting place for experts, thinkers, and decision-makers. I followed with great interest some of their discussions and views on important economic, geopolitical, and technological topics. I wish the forum every success, and best wishes to all participants." The Qatar Economic Forum, which will run from 20 to 22 May 2025, is themed 'The Road to 2030: Transforming the Global Economy'. It will bring together Heads of State, influential government officials, international CEOs, and investors in Doha to establish an international platform for meaningful deal-making discussions and connections. H.H. the Amir and H.E. Prime Minister and Minister of Foreign Affairs at the opening ceremony: 🇶🇦On 20 May 2025, H.H. the Amir inaugurated the fifth edition of the Qatar Economic Forum in collaboration with Bloomberg, under the theme "The Road to 2030: Transforming the Global Economy," at Katara Towers, Fairmont and Raffles Hotels. — ILoveQatar - Live (@ILQLive) May 20, 2025
Qatar Living
20-05-2025
- Business
- Qatar Living
Qatar's Prime Minister speaks about Gaza peace efforts at Qatar Economic Forum
Qatar's Prime Minister and Minister of Foreign Affairs HE Sheikh Mohammed bin Abdulrahman bin Jassim Al Thani delivered the opening address of the fifth Qatar Economic Forum, in collaboration with Bloomberg, at the Katara Towers, Fairmont and Raffles Hotels, on Tuesday morning. Earlier, HH The Amir Sheikh Tamim bin Hamad Al Thani had inaugurated the forum, being held under the theme 'The Road to 2030: Transforming the Global Economy.' Sheikh Mohammed, during the speech, said Israel's military offensive in Gaza undermined peace efforts after the release of US-Israeli hostage Edan Alexander and amid expanded operations in the Palestinian territory. 'When Israeli-American soldier Aidan Alexander was released, we thought that moment would open a door to end this tragedy, but the response was a more violent wave of strikes,' said the Prime Minister. 'This irresponsible, aggressive behaviour undermines any potential chance for peace,' he said, during the Forum. The comments come as the Israeli military pressed a newly intensified campaign in the war-ravaged territory. Qatar has been a key mediator in the Gaza war, alongside Egypt and USA. The Prime Minister said that in the past couple of weeks, negotiations in Doha 'didn't lead us anywhere yet, because there is a fundamental gap between the two parties.' 'One party is looking for a partial deal that might... lead to a comprehensive deal, and the other party is looking just for a one-off deal... and to end the war and to get all the hostages out,' he said. 'We couldn't bridge this fundamental gap,' he added. The top official also spoke about Qatar's offer to gift US President Trump a Boeing 747-8 airplane. 'It's a normal thing that happens between allies,' said the Prime Minister. He dismissed concerns about Qatar trying to buy influence with its key ally, after US Senate Democratic leader Chuck Schumer introduced a bill on Monday that would prevent any foreign aircraft operating as Air Force One, the plane that transports the US president. 'I hope that the United States looks to Qatar as a reliable partner in diplomacy that isn't trying to buy influence,' he said. Trump had shrugged off ethical concerns, saying it would be 'stupid' to turn down the generous offer. He said the Boeing 747-8 would eventually be donated to his presidential library — a repository housing research materials from his administration, and that he had no plans to use it for personal reasons after leaving office. --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
