DOHA: Oxford Business Group (OBG), a global publishing, research and consultancy firm, recently signed a Memorandum of Understanding (MOU) on research facilities for a tenth consecutive year with Qatar National Bank (QNB), which will give the publishing firm access to the Bank’s expertise and research resources as it begins compiling ‘The Report: Qatar 2014’, a press statement said yesterday.
Qatar’s efforts to diversify its economy while maintaining fiscal stability will be given wide-ranging analysis in a forthcoming report. ‘The Report’ will shine the spotlight on the country’s extensive infrastructure projects, which are set to play a key role in helping the government achieve its objective of easing growth and increasing the role of the private sector.
It will also explore the major changes that the country’s new banking law is expected to produce across the financial services industry, including the extended licensing and supervisory responsibilities handed to the Qatar Central Bank (QCB).
Under the agreement OBG’s team will link up once again with the QNB to document the latest economic developments taking place in the country, which are being spearheaded by government efforts to consolidate several years of growth.
Mohamad Moabi, QNB’s Assistant General Manager Economics, Financial Analysis and Research, said he expected that the bank’s collaboration with OBG would facilitate an exploration of the part reforms would play in driving growth across the non-energy sector of Qatar’s economy, including the financial services industry.
OBG’s Regional Editor Oliver Cornock said he welcomed QNB’s continuing collaboration in the Group’s research process, adding that it would prove particularly useful given the government’s diversification strategy and plans to roll out a number of major capital works projects.
He said the partnership would also explore the impact that the new regulatory environment would have across the entire financial services sector.
“Our research will look at Qatar’s broader economic development while also focusing on the implementation of the new banking legislation, which is expected to take financial regulation to the next level,” he said.
OBG publishes economic and investment intelligence on the markets of the Middle East, Africa, Asia and South America every year. The Peninsula
