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Over time business optimism Indexes develop into leading indicators of economic activity, and thus assist the business and investment community, and also government, in short-term economic forecasting and strategic planning.
David Proctor, al khaliji CEO, said:
"At al khaliji, we recognize the importance of solid research, and we believe the Business Optimism Index will be one of the most valuable tools for the local and regional business community in assessing the business environment in Qatar. Not only is it set to become an indispensable reference for businesses, banks, research institutions and international organizations interested in the nation's compelling business scene, it will help companies operating here anticipate and make provisions for changes in the economic landscape".
Stuart Pearce, CEO and Director General of the QFC Authority said: "The QFC's primary role is to attract new expertise and capacity from leading financial services institutions and professional services providers from around the world to support Qatar's investment and development programme. We do so partly by providing them with as much value-added information as possible, and the results of the survey that will form the basis of this index will be invaluable to them in judging the direction and mood of the market in timing their business decisions".
Rajesh Mirchandani, CEO of D&B South Asia Middle East added: "The Qatar economy has exhibited strong resilience in the recent past, and continues to be an attractive investment destination. Retaining investor interest is influenced to a large degree by the availability of frequently updated economic information. The D&B Business Optimism Index (D&B BOI) has been designed to serve this requirement, by capturing the sentiment of the business community about Qatar's economic prospects and making it available on a quarterly basis." Commenting on the partnership with al khaliji and QFC, Rajesh Mirchandani adds "We at D&B believe strongly in drawing from local partnerships to add value to our insight and analysis on the economy. We are pleased to have al khaliji and QFC on board for this initiative. We feel that the combined strength of the three institutions will add significant value to the Business Optimism Index on Qatar, and thus to the business community as a whole".
As the latest addition to D&B's global series of Business Optimism Indexes, the Business Optimism Index on Qatar will be issued on a quarterly basis and will be one of the most effective ways to keep track of where businesses think the Qatari economy is moving.
Posted by Eman Hassan
