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Qatar's Economic Shift Aways From Hydrocarbon Reliance
The non-hydrocarbon sector has gained in economic importance in Qatar reaching 63% in 2022 up from 51% a decade ago.
Non-hydrocarbon sector is the main contributor to growth but the large hydrocarbon sector limits economic growth and remains a significant contributor to government revenue at around 60%.
Qatar is heavily investing in further building a robust digital ecosystem as one of the key levers to reduce hydrocarbon reliance.
In early 2023, Qatar Credit Bureau launched a national FinTech strategy to provide financial education to SMEs and start-ups and create a fintech incubation center to cater to startups in the financial sector.
As GDP data are released for 2023, it will be interesting to see where Qatar is on its journey towards reducing hydrocarbon especially as it enters the development of its third and final National Development Strategy toward Vision 2030 providing a critical opportunity to recalibrate the reform agenda.
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The Business of Impact Investing in 2023
Impact investing is a form of investing that believes that every dollar invested can make a difference, while producing a profit. Over the past 20 years, impact investing has undergone a remarkable evolution, driven by a confluence of societal, economic, and technological factors. These influences have propelled impact investing into a crucial mechanism for addressing societal needs, traditionally the domain of public funding. In 2022, the impact investing market sat at US$1,146 billion, growing at a healthy compounded annual growth rate (CAGR) of 29% over the last four years. This special report features interviews with thought leaders in the impact investing space, and offers an insightful perspective on the current and future state of impact investing, its challenges and opportunities, and highlights case studies of investors, social enterprises, and the impact they are having on the world.
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