Qatar’s Industrial Production Index Increases by 4.9%

An oil refinery in Qatar. (Getty Images)
An oil refinery in Qatar. (Getty Images)
TT

Qatar’s Industrial Production Index Increases by 4.9%

An oil refinery in Qatar. (Getty Images)
An oil refinery in Qatar. (Getty Images)

Qatar’s Industrial Production Index (IPI) increased by 4.9 percent this September compared to the corresponding month in 2021, reaching 102.4 points.

However, it decreased by 3.2 percent compared to the previous month.

Qatar News Agency reported that the index issued by the Planning and Statistics Authority shows details about the economic sectors’ growth.

The relative weight of the main economic sectors under this indicator are as follows: mining 82.46 percent, manufacturing 15.85 percent, electricity production 1.16 percent, and water production 0.53 percent.

When compared to September 2021, the IPI of mining increased by 5.5 percent.

The index of manufacturing showed a decrease of 5.3 percent in September compared to August 2022.

This resulted from the production decrease in the following groups: the manufacture of basic metals by 9.5 percent, the manufacture of chemicals and chemical products by 6.4 percent, the manufacture of rubber and plastics products by 5.2 percent, and the manufacture of refined petroleum products by 2.8 percent.



Alswaha: Saudi Arabia's Participation at WEF Strengthens Global Efforts in AI Technologies

Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo
Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo
TT

Alswaha: Saudi Arabia's Participation at WEF Strengthens Global Efforts in AI Technologies

Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo
Saudi Minister of Communications and Information Technology Eng. Abdullah Alswaha. SPA file photo

Saudi Minister of Communications and Information Technology Abdullah Alswaha has underlined the Kingdom's pivotal role in driving the global agenda to enhance the digital economy, foster innovation, and leverage artificial intelligence (AI) to serve humanity and protect the planet.

In a statement to the Saudi Press Agency (SPA), he highlighted that the Kingdom's international standing is a result of the support and guidance of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud.

The minister explained that Saudi Arabia's participation in the annual meeting of the World Economic Forum (WEF) in Davos, held from January 20 to 24, comes at a time when the world is transitioning from the digital age to the AI age.

This underscores the Kingdom's significant role in leading global efforts to promote innovation and utilize AI for the benefit of humanity.

He noted that the annual high-profile gathering provides a global platform to showcase the Kingdom's developmental, economic, and technological achievements under the framework of Saudi Vision 2030, made possible by the support of the Kingdom's leadership.

Alswaha said that Saudi Arabia is working in partnership with the international community to harness AI as a key tool for advancing sustainable development and achieving global goals, adding that these efforts aim to improve quality of life, support the digital economy, and create new job opportunities across various sectors, contributing to a sustainable and prosperous future for all.