Al Khaliji and Qatar Financial Centre (QFC) Authority have entered a partnership with Dun & Bradstreet (D&B), the world’s premier financial data and business information provider, to develop Qatar’s first Business Optimism Index (BOI).

Business Optimism Indexes are commonly used to better identify and understand the growth expectations of the business community and its response to current developments within an economy. 

Over time BOIs 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. 

“At Al Khaliji, everything we do is based on solid research.  The BOI will provide a next generation tool for our local and regional business community to monitor the dynamic and rapidly changing Qatar business environment. I’m confident the Index will become an indispensable reference for businesses, banks, research institutions and international organizations, and help us all to better anticipate and make provisions for changes in the economic landscape,” said Al Khaliji CEO David Proctor.

“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,” said CEO and director general of QFC Authority Stuart Pearce.

“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,” said CEO of D&B South Asia Middle East Rajesh Mirchandani.

As the latest addition to D&B’s global series of BOIs, the BOI 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. – TradeArabia News Service