The Qatar Financial Centre (QFC), one of the world’s leading and fastest growing business and financial centers, today announced that it has launched a new PMI™ (Purchasing Managers’ Index™) non-oil private sector survey for Qatar, compiled by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions.

The PMI series produced by IHS Markit is one of the most closely watched signals of business activity and is valued worldwide by central banks, financial markets and business decision makers for providing timely and often unique monthly indicators of economic trends.  The indexes are based on monthly surveys of more than 28,000 senior business executives to quantify variables such as output, new orders, employment and prices. Qatar marks the 43rd country covered by the global PMI series from IHS Markit.

Dr. Haitham Al-Salama, Chief Economic Advisor, Qatar Financial Center said: “We are delighted to announce the launch of Qatar’s first ever PMI survey. The PMI survey is an integral tool that will provide a monthly snapshot of the health of Qatar’s economy, enabling us to closely watch the trend of economic activity. We look forward to seeing the results of each survey, which will help economists and businesses around the globe track and analyse business conditions.”

Richard Willis, Executive Director, at IHS Markit added: “Our commitment to delivering accurate and timely economic indicators in new territories around the world is highlighted in today’s launch of Qatar’s first ever PMI survey – a series that will quickly become the barometer against which the performance of the nation’s private sector is monitored. We are thrilled to be partnering with the Qatar Financial Centre to bring this critical new data set to market and adding to our survey coverage in the Middle East."

The QFC Qatar PMI will be released at 09:00 Doha local time on the third working day of each month.

This first Qatar PMI Report which will consist of April data will be published at 09:00 (Doha time) / 06:00 UTC) on Thursday 03 May 2018.

- ENDS -

ABOUT QATAR FINANCIAL CENTRE

The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits.

The QFC welcomes a broad range of financial and non-financial services firms.

For more information about the permitted activities and the benefits of setting up in the QFC, please visit qfc.qa

@QFCAuthority | #QFCMeansBusiness

MEDIA CONTACTS

QFC : Hala Kassab | T. +974 3300 0216 | E. h.kassab@qfc.qa

BLJ Worldwide : Yasser Hamdy | +974 5592 8045| E. yasserh@bljworlwide.com

ENQUIRIES ABOUT THE REPORT

QFC : qatarpmi@qfc.qa

About IHS Markit ( www.ihsmarkit.com )

IHS Markit (Nasdaq: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions.

IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2018 IHS Markit Ltd. All rights reserved.

ABOUT PMI

Purchasing Managers’ Index™ (PMI™) surveys are now available for over 40 countries and also for key regions including the eurozone. They are the most closely-watched business surveys in the world, favoured by central banks, financial markets and business decision makers for their ability to provide up-to-date, accurate and often unique monthly indicators of economic trends.

To learn more go to https://ihsmarkit.com/products/pmi.html .

CONTACT

IHS Markit: Joanna Vickers |T. +44-207-260-2234 | E. joanna.vickers@ihsmarkit.com