ﺗﺠﻤﻴﺪ إﻧﺘﺎج اﻟﻨﻔﻂ ..ﻣﻘﺘﺮﺣﺎت ﺳﺎﺧﻨﺔ ﻓﻲ ﺛﻼﺟﺔ اﻟﺼﻘﻴﻊ اﻟﺮوﺳﻲ
؟!
ﻣﺠﻠــﺔ اﻗﺘﺼﺎدﻳــﺔ أﺳــﺒﻮﻋﻴﺔ ﺗﺼﺪر ﻛﻞ أﺣﺪ
sunday 28-02-2016 - issue No.84
ﻣﻦ ﻳﺤﻤﻲ ﺣﻘﻮق
؟!
ﺻﻐﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻓﻲ اﻟﺒﻮرﺻﺔ
اﻟﺴﻴﺎﺣﺔ اﻟﻌﻼﺟﻴﺔ
ﻓﻲ ﻗﻄﺮ
ﻟﻠﻤﺘﺎﺟﺮﻳﻦ ﺑﻤﺸﺎﻋﺮ اﻟﻤﺴﺘﺜﻤﺮﻳﻦ..
اﻻﻗﺘﺼﺎد اﻟﻘﻄﺮي ﺑﺨﻴﺮ
اﺳﺘﺮاﺗﻴﺠﻴﺔ ﺟﺪﻳﺪة ﻟﻠﺒﻨﻮك ﻓﻲ
اQﻗﺮاض واﻟﺘﻤﻮﻳﻞ
ﻗﻄﺎع اEﻧﺸﺎءات ﻧﺠﻢ اﻟـ ..2016و 35ﻣﻠﻴﺎر دوﻻر ﺗﺤﺖ اﻟﻄﻠﺐ
198 ﻣﻠﻴﺎر رﻳﺎل
ﺣﺠﻢ أﻧﺸﻄﺔ ﺷﺮﻛﺎت
اﻟﻮﺳﺎﻃﺔ اﻟﻤﺎﻟﻴﺔ ﻓﻲ 2015
ﻣﺠﻠــﺔ اﻗﺘﺼﺎدﻳــﺔ أﺳــﺒﻮﻋﻴﺔ ﺗﺼﺪر ﻛﻞ أﺣﺪ sunday 17-01-2016 - issue No.78
ﻣﻮﻻت ﻗﻄﺮ اﻟﻔﺎﺧﺮة
ﻛﻨــﺰ ﺳﻴﺎﺣﻲ
وﻋﻼﻣﺔ ﺑﺎرزة ﻟﻠﺘﺮﻓﻴﻪ واﻟﺘﺴﻮق
ﻋﻮاﺋﺪ اﻻﺳﺘﺜﻤﺎر ﻓﻲ اﻟﺒﻨﻮك اﻟﻘﻄﺮﻳﺔ اYﻋﻠﻰ ﺧﻠﻴﺠﻴ ًﺎ
ﻣﺼﺎﻧﻊ ﺟﺎﻫﺰة ﺑﺎﻟﻤﻨﻄﻘﺔ اﻟﺼﻨﺎﻋﻴﺔ واﻟﺨﺮﻳﻄﺔ اﻟﺠﺪﻳﺪة ﺗﻜﺴﺮ اﻟﺤﺪود
2016ﻋﺎم اﻟﺼﻨﺎﻋﺎت
ﺷﺮﻛﺔ ﺟﻴﺖ ﻣﻴﺪﻳﺎ ﻟﻠﻄﺒﺎﻋﺔ واﻟﻨﺸﺮ
اﻟﺼﻐﻴﺮة واﻟﻤﺘﻮﺳﻄﺔ ﺑﺎﻣﺘﻴﺎز
رﺋﻴﺲ ﻣﺠﻠﺲ ا9دارة
اﻃﻠﺐ ﻣﺠﻠﺔ ﺑﺰﻧﺲ ﻛﻼس ﻣﻊ ﻗﻬﻮﺗﻚ ﻓﻲ ﻫﺬه اﻟﻔﻨﺎدق اﻟﻔﺎﺧﺮة
اﻟﺸﻴﺦ أﺣﻤﺪ ﺑﻦ ﺣﻤﺪ ﺑﻦ ﻋﻠﻲ آل ﺛﺎﻧﻲ ﻧﺎﺋﺐ رﺋﻴﺲ ﻣﺠﻠﺲ ا9دارة رﺋﻴﺲ اﻟﺘﺤﺮﻳﺮ
ﻣﻮﻓﻖ أﺑﻮ ﺧﺎﻟﺪ اﻟﺘﺴﻮﻳﻖ واﻟﻤﺒﻴﻌﺎت
ﻣﺪﻳﺮ اﻟﺘﺤﺮﻳﺮ
رﺷﺎ أﺑﻮ ﺧﺎﻟﺪ
رﻳﻤﺎ ﺣﺪاد
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اﻟﻤﺪﻳﺮ اﻟﻔﻨﻲ
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اﻟﻤﻌﺮﻓﺔ أﺳﺎس ﺗﻌﺎﻣﻼﺗﻨﺎ اﻟﻤﺼﺮﻓﻴﺔ اﻟﺨﻠﻴﺠﻲ ﺑﻨﻚ ﻗﻄﺮي راﺋﺪ ﺣﺎﺋﺰ ﻋﻠﻰ ﺟﻮاﺋﺰ ﻋﺎﻟﻤﻴﺔ .ﻳﻮﻓﺮ ﻟﻌﻤﻼﺋﻪ ﺗﺠﺮﺑﺔ ﺑﻨﻜﻴﺔ ﻣﻤﻴﺰه وﻋﻼﻗﺎت ﻃﻮﻳﻠﺔ ا#ﻣﺪ. وﻣﻊ ﺗﻮاﺟﺪ ﻓﺮوع ﻟﺒﻨﻚ اﻟﺨﻠﻴﺠﻲ ﻓﻲ دوﻟﺔ اWﻣﺎرات اﻟﻌﺮﺑﻴﺔ اﻟﻤﺘﺤﺪة وﻓﺮﻧﺴﺎ أﺻﺒﺤﺖ ﺧﺪﻣﺎﺗﻨﺎ ﺳﻬﻠﺔ اﻟﻤﻨﺎل أﻛﺜﺮ ﻣﻦ أي وﻗﺖ ﻣﻀﻰ. ﻳﺒﻠﻎ إﺟﻤﺎﻟﻲ أﺻﻮل اﻟﺒﻨﻚ 56^6ﻣﻠﻴﺎر رﻳﺎل ﻗﻄﺮي ﻓﻲ 31دﻳﺴﻤﺒﺮ 2015وﻣﻌﺪل ﻛﻔﺎﻳﺔ رأس اﻟﻤﺎل ﻳﻌﺎدل %13^8 وﻓﻘ gﻟـﺒﺎزل IIIوﻗﺪ ﺣﺎز اﻟﺒﻨﻚ ﻋﻠﻰ ﺗﺼﻨﻴﻒ A+ﻣﻦ وﻛﺎﻟﺔ ﻓﻴﺘﺶ اﻟﻌﺎﻟﻤﻴﺔ ﺑﺎWﺿﺎﻓﺔ إﻟﻰ ﺗﺼﻨﻴﻒ اﺋﺘﻤﺎﻧﻲ A3 ﻣﻦ وﻛﺎﻟﺔ ﻣﻮدﻳﺰ ﻣﻊ ﺗﻮﻗﻌﺎت ﻣﺴﺘﻘﺒﻠﻴﺔ ﻣﺴﺘﻘﺮة. ﻧﻔﺨﺮ ﺑﺎﻟﻌﻼﻗﺎت اﻟﺘﻲ ﺗﺮﺑﻄﻨﺎ ﺑﻌﻤﻼﺋﻨﺎ وﻧﺜﻤﻦ دورﻫﻢ ﻛﻤﺤﺮك رﺋﻴﺴﻲ ﻟﺪﻓﻊ ﻋﺠﻠﺔ اﻟﻨﻤﻮ اﻻﻗﺘﺼﺎدي ﻓﻲ اﻟﺪول. وﻓﻲ اﻟﻨﻬﺎﻳﺔ ،ﺑﻨﻚ اﻟﺠﻴﻞ اﻟﻘﺎدم ﻫﻮ رؤﻳﺘﻨﺎ.
ﻟﻠﻤﺰﻳﺪ ﻣﻦ اﻟﻤﻌﻠﻮﻣﺎت ﻋﻦ ﺧﺪﻣﺎت اﻟﺨﻠﻴﺠﻲ اﻟﻤﺼﺮﻓﻴﺔ ،ﻳﺮﺟﻰ ا-ﺗﺼﺎل ﻋﻠﻰ اﻟﺮﻗﻢ أو زﻳﺎرة ﻣﻮﻗﻌﻨﺎ ا-ﻟﻜﺘﺮوﻧﻲ www.alkhaliji.com
sunday 28-02-2016 - issue No.84
THIS ISSUE
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ﺳﺘﺎﻧﺪر أﻧﺪ ﺑﻮرز ﺗﺜﺒﺖ ﺳﻨﺪات اﻟﺪﻳﺎر اﻟﻘﻄﺮﻳﺔ ﻋﻨﺪ AA
09
اﺳﺘﺮاﺗﻴﺠﻴﺔ ﺟﺪﻳﺪة ﻟﻠﺒﻨﻮك ﻓﻲ اnﻗﺮاض وﺗﻤﻮﻳﻞ اﻟﺸﺮﻛﺎت
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ﻟﻠﻤﺘﺎﺟﺮﻳﻦ ﺑﻤﺸﺎﻋﺮ اﻟﻤﺴﺘﺜﻤﺮﻳﻦ.. اﻻﻗﺘﺼﺎد اﻟﻘﻄﺮي ﺑﺨﻴﺮ
20
ﻗﻄﺮ ﺗﻘﻄﻒ ﺛﻤﺎر اﺳﺘﺜﻤﺎراﺗﻬﺎ وﺻﻜﻮك ﻣﻠﻜﻴﺔ ﻟﺜﻠﺚ اiﺑﺮاج اﻟﺸﺎﻫﻘﺔ ﻓﻲ ﻟﻨﺪن
CONTENT CONTENT
ﻓﻲ اﻟﺪاﺧﻞ
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ﺗﺠﻤﻴﺪ إﻧﺘﺎج اﻟﻨﻔﻂ.. ﻣﻘﺘﺮﺣﺎت ﺳﺎﺧﻨﺔ ﻓﻲ ﺛﻼﺟﺔ اﻟﺼﻘﻴﻊ اﻟﺮوﺳﻲ
ﻣﻦ ﻳﺤﻤﻲ ﺣﻘﻮق ﺻﻐﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻓﻲ اﻟﺒﻮرﺻﺔ؟!
2
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اﻟﺴﻴﺎﺣﺔ اﻟﻌﻼﺟﻴﺔ ﻓﻲ ﻗﻄﺮ ﻣﺼﺪر ﺛﺮوة ﻣﺘﻜﺎﻣﻠﺔ اiرﻛﺎن ﺗﻨﺘﻈﺮ ﻗﺮارات اﻟﺘﻄﺒﻴﻖ
40
ﺗﺮاﺟﻊ إﻳﺠﺎرات اﻟﺸﻘﻖ اﻟﻔﻨﺪﻗﻴﺔ ﺣﺘﻤﻴﺔ اﻗﺘﺼﺎدﻳﺔ ﻧﺎﻓﺬة اﻟﻤﻔﻌﻮل
44
اﻟﺸﻴﺦ ﻓﻴﺼﻞ ﺑﻦ ﻗﺎﺳﻢ آل ﺛﺎﻧﻲ: ﻗﻄﺮ ﻟﻦ ﺗﺘﺄﺛﺮ ﺑﺎiزﻣﺎت وﻣﺴﺘﻤﺮة ﻓﻲ ﻣﺸﺎرﻳﻌﻬﺎ اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
.2030 272
95 2003
50 Business Class Magazine issue No. 84
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أﺧﺒﺎر أﺧﺒﺎر
اiﺳﺮّة أﻗﻞ ﻣﻦ اﻟﻤﻌﺪل اﻟﻌﺎﻟﻤﻲ
8.8ﻣﻠﻴﺎر دوﻻر ﺣﺠﻢ إﻧﻔﺎق ﻗﻄﺮ ﻋﻠﻰ اﻟﻘﻄﺎع اﻟﺼﺤﻲ ﻓﻲ اﻟﻌﺎم 2020 اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
2020
27
54
10
2008
8.8 2.2
4.4
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15.4 10.3
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3300
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4
10
Business Class Magazine issue No. 84
2013 11.9 .% 3.1
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اﻟﻜﻌﺒﻲ ﻳﻜﺮّم 369ﻣﻮﻇﻔﺎ ﻣﻦ اﺻﺤﺎب اﻟﺨﺪﻣﺎت اﻟﻄﻮﻳﻠﺔ ﻓﻲ ﻗﻄﺮ ﻟﻠﺒﺘﺮول اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 105 25
139 30
78 42
5
35 40
369 40 35 30 25 20
832
15 10
Business Class Magazine issue No. 84
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أﺧﺒﺎر أﺧﺒﺎر
ﺑﻨﻚ ﻗﻄﺮ ﻟﻠﺘﻨﻤﻴﺔ ﻳﻨﺸﺊ ﻣﺮﻛﺰ اﺗﺼﺎل ﻟـ »أﺳﻮاق اﻟﻔﺮﺟﺎن«
اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
44300000
»ﻗﻄﺮ اﻟﺪوﻟﻲ اnﺳﻼﻣﻲ« و»ﻣﺠﻤﻮﻋﺔ اﻟﺮﻋﺎﻳﺔ اﻟﻄﺒﻴﺔ« ﻳﺨﺮﺟﺎن ﻋﻦ ﻃﺎﻋﺔ ﻗﺎﻧﻮن اﻟﺸﺮﻛﺎت اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
123
11
(324
6
Business Class Magazine issue No. 84
2015
ﻣﺸﺎرﻳﻊ اﻟﺘﻨﻤﻴﺔ اﻟﻌﻘﺎرﻳﺔ ﺳﺎرﻳﺔ اﻟﻤﻔﻌﻮل
ﺳﺘﺎﻧﺪر أﻧﺪ ﺑﻮرز ﺗﺜﺒﺖ ﺳﻨﺪات اﻟﺪﻳﺎر اﻟﻘﻄﺮﻳﺔ ﻋﻨﺪ AA اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 4 49 .AA
29 35
2005
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2009
7.2ﻣﻠﻴﺎر دوﻻر اﻟﺪﺧﻞ اﻟﺴﻴﺎﺣﻲ ﻟﻘﻄﺮ ﺑﺤﻠﻮل 2025 اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
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.2030 Business Class Magazine issue No. 84
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أﺧﺒﺎر أﺧﺒﺎر
ﻣﻠﻴﺎر دوﻻر إﻧﻔﺎق ﻗﻄﺮ ﻋﻠﻰ ﺗﻜﻨﻮﻟﻮﺟﻴﺎ اﻟﻤﻌﻠﻮﻣﺎت واiﻣﻦ اnﻟﻜﺘﺮوﻧﻲ ﻫﺎﺟﺲ اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 25
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أرﺑﺎح ﻣﺠﻤﻊ ﺷﺮﻛﺎت اﻟﻤﻨﺎﻋﻲ ﻓﻲ 2015ﺗﺮﺗﻔﻊ % 1.2 اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 532.8
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Business Class Magazine issue No. 84
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2016 700 509
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2016
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2016
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Business Class Magazine issue No. 84
أﺧﺒﺎر أﺧﺒﺎر
أﻛﺒﺮ ﺷﺮﻛﺎت اﻟﺘﻄﻮﻳﺮ اﻟﻌﻘﺎري ﻓﻲ ﻗﻄﺮ ﺧﻼل ﻣﻌﺮض ﺳﻴﺘﻲ ﺳﻜﻴﺐ ﻗﻄﺮ 2016 اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 2016 10,000
28 26
2016
2016
10
Business Class Magazine issue No. 84
2016
اﻟﺨﻄﻮط اﻟﻘﻄﺮﻳﺔ ﺗﻄﻴﺮ إﻟﻰ اﻟﻘﺎرة اﻟﺴﻤﺮاء وﺗﺴﺘﺜﻤﺮﻫﺎ ِﺑﻜﺮ ًا اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
150
23
2016
150
Business Class Magazine issue No. 84
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أﺧﺒﺎر أﺧﺒﺎر
»ﻛﻴﺪزﻣﻮﻧﺪو اﻟﺪوﺣﺔ« أول ﻣﺪﻳﻨﺔ ﺗﻔﺎﻋﻠﻴﺔ ﺑـ 30ﻣﻠﻴﻮن دوﻻر
30 2030
2
14
80
12
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Rimadessio SieMatic
1956 1929
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MOOOI
1958
2001
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Alessi 1921
Kreon 1982
Minotti 1950
ADMNONTER
1970
1972
1980
Gandia Blasco
15
Business Class Magazine issue No. 84
أﺧﺒﺎر أﺧﺒﺎر
اﻟﻤﺎﻧﻊ ﻣﻴﺒﻞ ﻓﺨﻮرة ﺑﺘﻘﺪﻳﻢ ﺑﻌﺾ ﻣﻦ أﻫﻢ اﻟﻌﻼﻣﺎت اﻟﺘﺠﺎرﻳﺔ اﻟﺸﻬﻴﺮة واﻟﻔﺎﺧﺮة ﻓﻲ ﻗﻄﺮ اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
16
15
14
Business Class Magazine issue No. 84
2016
2015
549
اﺣﺘﻮاء اﻟﻘﺮوض اﻟﻤﺘﻌﺜﺮة وﺿﺒﻂ اﻟﺨﺴﺎﺋﺮ اﻟﻤﺴﺘﻘﺒﻠﻴﺔ ﻋﻨﻮاﻧﺎن ﺛﺎﺑﺘﺎن
206 343 414
652 238 100
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ﻣﺼﺎرف ﻣﺼﺎرف
ﻟﻠﺘﻐﻠﺐ ﻋﻠﻰ ﻣﺸﻜﻠﺔ اﻟﺴﻴﻮﻟﺔ وﺗﻔﺎدي اﻟﺪﻳﻮن اﻟﻤﺘﻌﺜﺮة
اﺳﺘﺮاﺗﻴﺠﻴﺔ ﺟﺪﻳﺪة ﻟﻠﺒﻨﻮك ﻓﻲ
اnﻗﺮاض واﻟﺘﻤﻮﻳﻞ ﺑﺰﻧﺲ ﻛﻼس -ﻣﺤﻤﺪ ﻋﺒﺪ اﻟﺤﻤﻴﺪ ﺗﺒﺬل اﻟﺒﻨﻮك اﻟﻘﻄﺮﻳﺔ اﻟﻤﺰﻳﺪ ﻣﻦ اﻟﺠﻬﻮد ﻟﺘﻔﺎدي ﺣﺪوث ﻧﻘﺺ اﻟﺴﻴﻮﻟﺔ ﻟﺪﻳﻬﺎ ،ﺧﺎﺻﺔ ﺑﻌﺪ ﺗﺮاﺟﻊ ﺣﺠﻢ اﻟﻮداﺋﻊ اﻟﺤﻜﻮﻣﻴﺔ ﺑﺸﻜﻞ ﻣﻠﺤﻮظ اﻟﻌﺎم اﻟﻤﺎﺿﻲ ،ﻧﻈﺮا ﻻﻧﺨﻔﺎض اﻟﻨﻔﻂ ،ﺣﻴﺚ اﺗﺨﺬت اﻟﺒﻨﻮك ﻋﺪد ﻣﻦ ا9ﺟﺮاءات ﺑﻬﺪف زﻳﺎدة اﻟﺘﺪﻓﻘﺎت اﻟﻨﻘﺪﻳﺔ ﻟﺪﻳﻬﺎ ﻛﺰﻳﺎدة رأس اﻟﻤﺎل ،وإﺻﺪار ﺻﻜﻮك وﺳﻨﺪات ،أو ﺑﻌﺾ اﻟﺘﺪاﺑﻴﺮ اuﺧﺮى ﻣﻨﻬﺎ اﻟﺘﺤﻔﻆ ﻓﻲ اﻻﺋﺘﻤﺎن اﻟﻤﻤﻨﻮح ﻟqﻓﺮاد واﻟﺸﺮﻛﺎت.
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اﻟﺒﻨﻮك ﺗﺮﻛﺰ ﻋﻠﻰ ﻗﻄﺎع اﻟﺘﺠﺰﺋﺔ وﺗﺘﺠﺎﻫﻞ اﻟﺼﻨﺎﻋﺔ
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ﻣﺼﺎرف ﻣﺼﺎرف
100
ﻣﻠﻴﺎر رﻳﺎل
اﻟﻔﺠﻮة ﺑﻴﻦ اﻟﻘﺮوض واﻟﻮداﺋﻊ
ﻣﺴﺘﻮﻳﺎت اﻟﺴﻴﻮﻟﺔ ﻻ ﺗﺴﻤﺢ ﺑﺎﻟﺘﻮﺳﻊ ﻓﻲ اnﻗﺮاض و»اﻟﻤﺮﻛﺰي« و ّﺟﻪ ﺑﻤﺮاﻗﺒﺘﻬﺎ
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ﺗﺴﻠﻴﻂ اﻟﻀﻮء ﻋﻠﻰ ﺣﻘﻴﻘﺔ اﻟﻤﺸﻬﺪ اﻻﻗﺘﺼﺎدي ﻣﻬﻤﺔ ﻋﺎﺟﻠﺔ
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ﺗﺤﻘﻴﻖ ﺗﺤﻘﻴﻖ
ﺿﺒﺎﺑﻴﺔ اﻟﻤﺸﻬﺪ ..ﺗﺮﺑﻚ اﻻﺳﻮاق
ﻟﻠﻤﺘﺎﺟﺮﻳﻦ ﺑﻤﺸﺎﻋﺮ اﻟﻤﺴﺘﺜﻤﺮﻳﻦ..
اﻻﻗﺘﺼﺎد اﻟﻘﻄﺮي ﺑﺨﻴﺮ ﺑﺰﻧﺲ ﻛﻼس -ﻣﺤﻤﺪ ﻋﺒﺪ اﻟﺤﻤﻴﺪ
أدى ﺗﺰاﻳﺪ اﻟﻤﺨﺎوف ﻣﻦ اﺗﺠﺎه اﻻﻗﺘﺼﺎد اﻟﻌﺎﻟﻤﻲ ﻧﺤﻮ أزﻣﺔ اﻗﺘﺼﺎدﻳﺔ ﺟﺪﻳﺪة ،أو ﺗﻜﺮار اﻻﻧﻬﻴﺎر اﻟﻤﺎﻟﻲ ﻓﻲ ﻋﺎم ،2008اﻟﻰ ﻣﻮﺟﺔ ﻣﻦ اﻻﻫﺘﺰازات ﻓﻲ اuﺳﻮاق اﻟﻤﺎﻟﻴﺔ ،وﻫﻮ ﻣﺎ ﻋﺰز ﻣﻦ اﻧﺪﻓﺎع اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻟﻠﺒﺤﺚ ﻋﻦ أﻣﺎﻛﻦ آﻣﻨﺔ ﻻﺳﺘﺜﻤﺎراﺗﻬﻢ. وﺷﻬﺪت أﺳﻮاق اuﺳﻬﻢ ا9ﻗﻠﻴﻤﻴﺔ واﻟﻌﺎﻟﻤﻴﺔ وﺧﺎﺻﺔ دول اﻟﺨﻠﻴﺞ ،ﻫﺒﻮﻃﺎ ﻣﻊ ﺗﺼﺎﻋﺪ اﻟﻤﺨﺎوف ﻣﻦ اﻧﺨﻔﺎض أﺳﻌﺎر اﻟﻨﻔﻂ ،وﺗﺒﺎﻃﺆ اﻟﻨﻤﻮ اﻻﻗﺘﺼﺎدي اﻟﺼﻴﻨﻲ ،اﻟﺘﻲ ﺗﺮاﻓﻘﺖ ﻣﻊ ﺣﻘﻴﻘﺔ أن اﻟﺒﻨﻮك اﻟﻤﺮﻛﺰﻳﺔ ﻗﺪ اﺳﺘﺨﺪﻣﺖ أﻗﺼﻰ ﺣﺪود ﻗﺪراﺗﻬﺎ ﻟﺪﻋﻢ اﻟﻨﻈﺎم اﻟﻤﺎﻟﻲ .ﻣﻤﺎ ﻳﺜﻴﺮ اﻟﻤﺨﺎوف ﻣﻦ رﻛﻮد اﻗﺘﺼﺎدي ﻳﺼﻌﺐ ﺗﺠﻨﺒﻪ. 20
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3
ﺧﻮف اﻟﻤﺴﺘﺜﻤﺮﻳﻦ أﺛﺮ ﺳﻠﺒﺎ ﻋﻠﻰ ﻗﻄﺎﻋﻲ اiﺳﻬﻢ واﻟﻌﻘﺎرات 147
58
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ﺗﺤﻘﻴﻖ ﺗﺤﻘﻴﻖ
اﻟﻤﺘﺎﺟﺮة ﺑﻤﺸﺎﻋﺮ اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻣﺤﺎوﻟﺔ ﻟﻠﺘﻜﺴﺐ ﻓﻲ اﻟﻮﻗﺖ ﺑﺪل اﻟﻀﺎﺋﻊ
2015
22
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ﺑﺰﻧﺲ ﻛﻼس -ﻣﺤﻤﺪ ﻋﺒﺪ اﻟﺤﻤﻴﺪ ﺷﻬﺪت اﻟﺴﺎﺣﺔ اﻻﻗﺘﺼﺎدﻳﺔ ﻓﻲ ﻗﻄﺮ ﻋﺪداً ﻣﻦ اﻟﻘﻀﺎﻳﺎ اﻟﺘﻲ ﺗﻢ رﻓﻌﻬﺎ ﻋﻠﻰ ﺑﻌﺾ اﻟﺸﺮﻛﺎت اﻟﻤﺪرﺟﺔ ﻓﻲ اﻟﺒﻮرﺻﺔ ،وﻣﻌﻈﻤﻬﺎ ﻳﺘﻌﻠﻖ ﺑﻌﻤﻠﻴﺎت ﺗﻤﻠﻚ ﺑﻌﺾ اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻟﺤﺼﺺ ﻣﻦ ﻫﺬه اﻟﺸﺮﻛﺎت وﻫﻮ ﻣﺎ ﻳﺮﻓﻀﻪ ﻃﺮف آﺧﺮ ﻣﻦ اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ،ﺣﻴﺚ ﻣﻦ اﻟﻮاﺿﺢ أن ﻫﻨﺎك ﺣﺎﻟﺔ ﻣﻦ اﺧﺘﻼف ا راء واﻟﺘﻮﺟﻬﺎت ﺑﻴﻦ ﺑﻌﺾ ﻛﺒﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻓﻲ اﻟﺸﺮﻛﺎت وﻫﻮ ﻣﺎ اﻧﻌﻜﺲ ﺑﺎﻟﺴﻠﺐ ﻋﻠﻰ ﺻﻐﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ اﻟﺬﻳﻦ أﺻﺒﺤﻮا ﺑﻴﻦ ﻋﺸﻴﺔ وﺿﺤﺎﻫﺎ ﺑﻴﻦ ﻓﻜﻲ إدارات اﻟﺸﺮﻛﺎت واﻟﺼﺮاﻋﺎت اﻟﺘﻲ ﻗﺪ ﺗﺤﺪث ﺑﻴﻦ ﻛﺒﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻣﻦ وﻗﺖ ﺧﺮ.
ﻧﻮاﻳﺎ »اﻟﻤﺴﺘﺜﻤﺮﻳﻦ اﻟﻘﻄﺮﻳﻴﻦ« اﻟﺨﺮوج ﻣﻦ اﻟﺴﻮق ﻗﺪ ﺗﺘﺤﻮل إﻟﻰ واﻗﻊ
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اﻟﻐﻼف اﻟﻐﻼف
ﺻﺮاع اﻟﻜﺒﺎر ﻳﻜﺒﺪ اﻻﻗﻠﻴﺔ ﺧﺴﺎﺋﺮ ﻗﺎﺳﻴﺔ
ﻣﻦ ﻳﺤﻤﻲ ﺣﻘﻮق
؟! ؟!
ﺻﻐﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻓﻲ اﻟﺒﻮرﺻﺔ
24
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2016/2/16
2016/2/15 2016/2/16 2016/55
ﻛﺒﺎر اﻟﻤﺴﺎﻫﻤﻴﻦ أﺻﺤﺎب اﻟﺮأي اiول واiﺧﻴﺮ ﻓﻲ اﻟﺠﻤﻌﻴﺎت اﻟﻌﻤﻮﻣﻴﺔ 2016/46
2016/2/16
2016/427
2016/55
2016/2/16 8
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اﻟﻐﻼف اﻟﻐﻼف
ﻣﺸﺎرﻛﺔ ﺻﻐﺎر اﻟﻤﺴﺘﺜﻤﺮﻳﻦ ﻓﻲ إدارة اﻟﺸﺮﻛﺎت ﺿﺮورة nﻗﺎﻣﺔ اﻟﺘﻮازن
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ﺑﺰﻧﺲ ﻛﻼس -ﺑﺎﺳﻞ ﻟﺤﺎم اﺧﺘﺒﺎر ﺣﺴﻦ ﻧﻮاﻳﺎ ،ﺗﻮﺣﻴﺪ اﻟﺠﻬﻮد أم رش اﻟﺮﻣﺎد ﻓﻲ اﻟﻌﻴﻮن ،ﻫﻲ ﻣﺼﻄﻠﺤﺎت ﻣﺘﻌﺪدة ﻟﺘﻮﺻﻴﻒ اﻟﺘﺤﺮﻛﺎت اuﺧﻴﺮة اﻟﺘﻲ ﺷﻬﺪﺗﻬﺎ ﻋﺪة ﻋﻮاﺻﻢ ﻣﻨﺘﺠﺔ ﻟﻠﻨﻔﻂ وﻣﻦ ﺑﻴﻨﻬﺎ اﻟﻌﺎﺻﻤﺔ اﻟﻘﻄﺮﻳﺔ اﻟﺪوﺣﺔ ﺑﻬﺪف اﻟﺤﺪ ﻣﻦ ﺗﺮاﺟﻊ أﺳﻌﺎر اﻟﻨﻔﻂ ﻓﻲ اuﺳﻮاق اﻟﻌﺎﻟﻤﻴﺔ .اﺗﻔﺎق ﻋﻠﻰ ﻣﺎ ﻳﺒﺪو أﻧﻪ ﻳﻮاﺟﻪ ﺟﻤﻠﺔ ﻣﻦ اﻟﺘﺤﺪﻳﺎت ،ﻟﻌﻞ أﺑﺮزﻫﺎ اﻟﺘﺰام اﻟﺪول اﻟﻤﻨﺘﺠﺔ ﻣﻦ ﺧﺎرج ﻣﻨﻈﻤﺔ »أوﺑﻚ« ﺑﺎ9ﺿﺎﻓﺔ إﻟﻰ اﺣﺘﻤﺎل إﺻﺎﺑﺔ ﻫﺬا اﻻﺗﻔﺎق ﺑﻨﻴﺮان ﺻﺪﻳﻘﺔ ﻗﺪ ﺗﺼﻌﺐ ﻣﻦ ﻋﻮدة اﻟﺘﻮازان ﻟﺴﻮق اﻟﻨﻔﻂ اﻟﻌﺎﻟﻤﻴﺔ.
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ﻃﺎﻗﺔ ﻃﺎﻗﺔ
ﻗﺮارات ﻋﻠﻰ اﻟﻄﺎوﻟﺔ واﻟﺘﻮاﻗﻴﻊ ﻣﺤﻔﻮﻓﺔ ﺑﺎﻟﻨﻮاﻳﺎ
ﺗﺠﻤﻴﺪ إﻧﺘﺎج اﻟﻨﻔﻂ
ﻣﻘﺘﺮﺣﺎت ﺳﺎﺧﻨﺔ ﻓﻲ ﺛﻼﺟﺔ اﻟﺼﻘﻴﻊ اﻟﺮوﺳﻲ
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–
2001
300
500
%3
13.738 196 16.099 229 6.4
%
12 50
.2016
روﺳﻴﺎ ﻣﺴﺘﻌﺪة ﻟﺨﻔﺾ اnﻧﺘﺎج ﺑﻴﻦ 300إﻟﻰ 500 أﻟﻒ ﺑﺮﻣﻴﻞ ﻓﻲ اﻟﻴﻮم وﻛﻼم اﻟﻠﻴﻞ ﻗﺪ ﻳﻤﺤﻮه اﻟﻨﻬﺎر
78.673 1.123 2016
3 Business Class Magazine issue No. 84
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ﻃﺎﻗﺔ ﻃﺎﻗﺔ
12
ﻣﻠﻴﺎر دوﻻر
ﻋﺠﺰ اﻟﻤﻮازﻧﺔ اﻟﺮوﺳﻴﺔ ﺑﺴﻌﺮ ﻣﺮﺟﻌﻲ 50دوﻻر ﻟﻠﺒﺮﻣﻴﻞ
ﻧﻴﺮان ﺻﺪﻳﻘﺔ ﺗﺸﺘﺖ ﺣﺎﻟﺔ اnﺟﻤﺎع واﻟﺪب اﻟﺮوﺳﻲ ﻳﺪﺧﻞ ﻛ ْﺮم أوﺑﻚ
30
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1985
ﺗﺤﺎﻟﻒ ﺑﻴﻦ ﻗﻄﺮ ﻏﺎز وﻣﻴﺮﺳﻚ ﻻﺳﺘﺨﺪام اﻟﻐﺎز ﻛﻮﻗﻮد ﺑﺤﺮي اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
»راس ﻏﺎز« ﺗﻨﺘﺞ اﻟﺸﺤﻨﺔ رﻗﻢ 5 آﻻف ﺑﻤﺼﻨﻊ »اﻟﻬﻴﻠﻴﻮم «1 اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 25 5
1
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ﻃﺎﻗﺔ ﻃﺎﻗﺔ
ﻧﻴﺠﻴﺮﻳﺎ ﺗﺪﻋﻮ إﻟﻰ اﺳﺘﺜﻨﺎء إﻳﺮان واﻟﻌﺮاق ﺗﻌﻮﻳﻀ ًﺎ ﻋﻦ ﺳﻨﻮات اﻟﻌﻘﻮﺑﺎت
70 116 2014 15 .% 3
32
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اﻟﻤﺸﻬﺪ اﻻﻗﺘﺼﺎدي ﻣﻌﺘﻢ وﻗﻄﺮ ﺗﻨﻈﺮ ﺑﻌﻴﻨﻲ ﺻﻘﺮ
ﻗﻄﺮ ﺗﻘﻄﻒ ﺛﻤﺎر اﺳﺘﺜﻤﺎراﺗﻬﺎ وﺻﻜﻮك ﻣﻠﻜﻴﺔ ﻟﺜﻠﺚ اiﺑﺮاج اﻟﺸﺎﻫﻘﺔ ﻓﻲ ﻟﻨﺪن ﺑﺰﻧﺲ ﻛﻼس -ﻣﺤﻤﻮد ﺷﺎﻛﺮ ﺣﻘﻖ اﻻﻗﺘﺼﺎد اﻟﻘﻄﺮي ﺧﻼل اﻟﺴﻨﻮات اﻟﻤﺎﺿﻴﺔ ﻗﻔﺰات ﻛﺒﻴﺮة ﻋﻠﻰ ﻛﺎﻓﺔ اuﺻﻌﺪة وﺧﺎﺻﺔ اﻻﻗﺘﺼﺎدﻳﺔ ﻣﻨﻬﺎ ،وﺣﺠﺰت ﻗﻄﺮ ﻣﻜﺎﻧ ًﺎ ﻟﻬﺎ ﻋﻠﻰ ﺧﺮﻳﻄﺔ اﻟﺪول اﻟﻤﺘﻘﺪﻣﺔ ﻛﻮاﺣﺪة ﻣﻦ أﺳﺮع اﻻﻗﺘﺼﺎدات ﻧﻤﻮا ﻓﻲ اﻟﻌﺎﻟﻢ ،وﺗﻤﻜﻨﺖ ﺑﻔﻀﻞ ﺳﻴﺎﺳﺘﻬﺎ اﻻﻗﺘﺼﺎدﻳﺔ اﻟﻨﺎﺟﺤﺔ ﻣﻦ ﺗﺠﺎوز اﻟﻌﺪﻳﺪ ﻣﻦ اuزﻣﺎت اﻟﻌﺎﻟﻤﻴﺔ ﺑﺜﺒﺎت.
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اﺳﺘﺜﻤﺎر اﺳﺘﺜﻤﺎر
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إﺟﻤﺎع ﻋﺎﻟﻤﻲ ﻋﻠﻰ اiزﻣﺔ اﻟﻤﺎﻟﻴﺔ وﻗﻄﺮ ﺗﻤﺘﻠﻚ ﺣﻖ اﻟﻨﻘﺾ 5 6
477 131
35
20
%
% 26
3 3
%
%
15 35
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اﺳﺘﺜﻤﺎر اﺳﺘﺜﻤﺎر
450
ﻣﻠﻴﺎر دوﻻر
ﻗﻴﻤﺔ اﺳﺘﺜﻤﺎرات ﻗﻄﺮ اﻟﺨﺎرﺟﻴﺔ وﻟﺒﺮﻳﻄﺎﻧﻴﺎ ﻧﺼﻴﺐ اﻻﺳﺪ ﻣﻨﻬﺎ
اﻻﺳﺘﺜﻤﺎرات اﻟﺨﺎرﺟﻴﺔ ﺻﻤﺎم أﻣﺎن وﻗﺎﻃﺮة ﻣﺘﺼﻠﺔ ﻟﻼﻗﺘﺼﺎد ..وﺧﻄﺔ 2030ﻣﺤﻄﺔ إﻧﺘﺎج اiﻓﻜﺎر
% 50
2030
2030
36
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ﺑﺄﻗﺴﺎﻣﻪ اiرﺑﻌﺔ وﻣﻮﻇﻔﻴﻪ اﻟـ 45أﻟﻔ ًﺎ
ﺟﻬﺎز ﻗﻄﺮ ﻟﻼﺳﺘﺜﻤﺎر ﻳﺰﻳﺪ ﺣﺼﺘﻪ ﻓﻲ »ﻛﺮﻳﺪﻳﺖ ﺳﻮﻳﺲ« اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس 4
.% 5.03
45
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اﺳﺘﺜﻤﺎر اﺳﺘﺜﻤﺎر
%50 ﻣﺴﺎﻫﻤﺔ اﻟﻘﻄﺎع
ﻏﻴﺮ اﻟﻨﻔﻄﻲ
اﺳﺘﻘﺮار أﺳﻌﺎر اﻟﻌﻘﺎرات ﺑﻮاﺑﺔ ﺳﺤﺮﻳﺔ ﻟﻼﺳﺘﺜﻤﺎر اﻟﻤﺘﻮاﺻﻞ
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ﻟﻤﺎذا ﺗﻐﻴﺐ
؟!
اﻟﺴﻴﺎﺣﺔ اﻟﻌﻼﺟﻴﺔ ﻓﻲ ﻗﻄﺮ
؟!
ﺑﺰﻧﺲ ﻛﻼس -أﻧﺲ ﺳﻠﻴﻤﺎن
ﺗﺤﻮﻟﺖ اﻟﻜﺜﻴﺮ ﻣﻦ اﻟﺪول ﻟﻮﺟﻬﺔ ﺳﻴﺎﺣﻴﺔ ﻣﺜﺎﻟﻴﺔ ﺑﺴﺒﺐ ﻣﺎ ﺗﻘﺪﻣﻪ ﻣﻦ ﻣﺴﺘﺸﻔﻴﺎت ،أو ﻃﺮق ﻃﺒﻴﻌﻴﺔ ﻟﻼﺳﺘﺸﻔﺎء ،ﻓﺎﻟﻜﺜﻴﺮ ﻣﻦ اﻟﻤﺮﺿﻰ ﻳﺤﺮﺻﻮن ﻋﻠﻰ اﻟﺘﻮﺟﻪ ﻟﺪول ﺑﻌﻴﻨﻬﺎ ﻟﻤﺎ ﺗﻮﻓﺮه ﻣﻦ ﺳﺒﻞ ﻟﻠﻌﻼج ،ﺳﻮاء ﻣﻦ ﺧﻼل أﻓﻀﻞ اﻟﻤﺴﺘﺸﻔﻴﺎت ﺣﻮل اﻟﻌﺎﻟﻢ ،ﻛﻤﺎ ﻫﻮ اﻟﺤﺎل ﻓﻲ ﺑﺮﻳﻄﺎﻧﻴﺎ وﻛﻮرﻳﺎ اﻟﺠﻨﻮﺑﻴﺔ ،أو اﻟﺠﺎﻧﺐ اﻻﺳﺘﺸﻔﺎﺋﻲ اﻟﺬي ﻳﻌﺘﻤﺪ ﺑﺼﻮرة أﺳﺎﺳﻴﺔ ﻋﻠﻰ اuﻋﺸﺎب ،ودول ﺟﻨﻮب ﺷﺮق آﺳﻴﺎ ﺗٌﺒﺮع ﻓﻲ ﻫﺬا اﻟﺠﺎﻧﺐ ،إﺿﺎﻓﺔ إﻟﻰ ﻣﺎ ﺗﻮﻓﺮه ﻣﻦ ﻣﻨﺎﻃﻖ ﻃﺒﻴﻌﻴﺔ ﻟﻼﺳﺘﺠﻤﺎم.
اﻟﺴﻴﺎﺣﺔ اﻟﻌﻼﺟﻴﺔ ﻓﻲ ﻗﻄﺮ ﻣﺼﺪر ﺛﺮوة ﻣﺘﻜﺎﻣﻠﺔ اiرﻛﺎن ﺗﻨﺘﻈﺮ ﻗﺮارات اﻟﺘﻄﺒﻴﻖ
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ﺳﻴﺎﺣﺔ ﺳﻴﺎﺣﺔ
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50
2008
24 48
FIFA
ﻣﻄﺎﻟﺐ ﺑﺈﻧﺸﺎء ﻣﺴﺘﺸﻔﻴﺎت وﻣﻨﺘﺠﻌﺎت ﻋﻼﺟﻴﺔ ﻋﻠﻰ أﻋﻠﻰ ﻣﺴﺘﻮى
ﻣﺼﺪر ﺟﺪﻳﺪ ﻟﻠﺪﺧﻞ
108 45
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ﺳﻴﺎﺣﺔ ﺳﻴﺎﺣﺔ
108
ﻣﻠﻴﻮن ﺷﺨﺺ
ﻳﺴﺎﻓﺮون ﻟﻠﺒﺤﺚ ﻋﻦ اﻟﺴﻴﺎﺣﺔ اﻟﻌﻼﺟﻴﺔ
ﻗﻄﺮ ﺗﻤﺘﻠﻚ ﺟﻤﻴﻊ اﻟﻤﻘﻮﻣﺎت وﻣﺒﺮرات اnﻫﻤﺎل ﻏﻴﺮ ﻣﺘﻮﻓﺮة
42
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ﺳﻴﺎﺣﺔ ﺳﻴﺎﺣﺔ
اﻟﻤﻀﺎﻓﺔ واﺳﻌﺔ وﺧﻄﻂ اﻟﺘﻘﺸﻒ ﻧﺰﻳﻞ داﺋﻢ وﺿﻴﻒ ﻣﻘﻴﻢ
ﺗﺮاﺟﻊ إﻳﺠﺎرات
اﻟﺸﻘﻖ اﻟﻔﻨﺪﻗﻴﺔ
ﺣﺘﻤﻴﺔ اﻗﺘﺼﺎدﻳﺔ ﻧﺎﻓﺬة اﻟﻤﻔﻌﻮل ﺑﺰﻧﺲ ﻛﻼس -أﻧﺲ ﺳﻠﻴﻤﺎن »إن ﻋﻄﺲ اﻻﻗﺘﺼﺎد اﻟﺼﻴﻨﻲ أﺻﻴﺒﺖ اﻗﺘﺼﺎدﻳﺎت اﻟﻌﺎﻟﻢ ﺑﺎﻟﺰﻛﺎم« ﻣﻘﻮﻟﺔ ﻳﺘﺪاوﻟﻬﺎ اﻟﻜﺜﻴﺮ ﻣﻦ اﻻﻗﺘﺼﺎدﻳﻮن ﻟﻴﻌﺒﺮوا ﻋﻦ ﺗﺄﺛﻴﺮ اﻻﻗﺘﺼﺎد اﻟﺼﻴﻨﻲ ﻋﻠﻰ ﺑﺎﻗﻲ دول اﻟﻌﺎﻟﻢ، وﻓﻲ دول اﻟﺨﻠﻴﺞ ﻳﻤﻜﻨﻨﺎ اﻟﻘﻮل ﺑﻜﻞ ﺛﻘﺔ ﺑﺄﻧﻪ »إذا ﻋﻄﺲ اﻟﻨﻔﻂ أﺻﻴﺒﺖ ﺑﺎﻗﻲ اﻟﻘﻄﺎﻋﺎت ﺑﺎﻟﺰﻛﺎم« ،وﻫﻮ ﻣﺎ وﻗﻊ ﺑﺎﻟﻔﻌﻞ ﻣﻊ أﻗﻮى اﻫﺘﺰاز uﺳﻌﺎر اﻟﺬﻫﺐ اuﺳﻮد ﺧﻼل ﺳﻨﻮات ،ﻓﻤﺎ ﻛﺎن ﻣﻦ ﺑﺎﻗﻲ ﻗﻄﺎﻋﺎت اﻟﺪوﻟﺔ اﻟﺨﺪﻣﻴﺔ ،إﻻ أن ﺗﻌﻠﻦ ﻋﻦ ﺧﻄﻂ ﺗﻘﺸﻒ واﺳﻌﺔ ،ﺑﻠﻐﺖ ﺣﺪ إﻧﻬﺎء ﺧﺪﻣﺎت أﻋﺪاد ﻛﺒﻴﺮة ﻣﻦ اﻟﻤﻮﻇﻔﻴﻦ. 44
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اﻧﺨﻔﺎض اﻟﻄﻠﺐ ﺑﻌﺪ ﺳﻨﻮات ﻣﻦ ﺗﺤﻘﻴﻖ ﻧﺘﺎﺋﺞ ﻗﻴﺎﺳﻴﺔ وأرﺑﺎح ﻗﻮﻳﺔ
100 %
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ﺳﻴﺎﺣﺔ ﺳﻴﺎﺣﺔ
2016
ﺗﺮاﺟﻊ ﻣﻠﺤﻮظ ﻟﻠﺴﻴﺎﺣﺔ ﺧﻼل ﺷﻬﺮي ﻳﻨﺎﻳﺮ وﻓﺒﺮاﻳﺮ
46
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اﻟﻬﻴﺌﺔ اﻟﻌﺎﻣﺔ ﻟﻠﺴﻴﺎﺣﺔ ﺗﺒﻨﻲ أﺳﺲ ﻗﻮﻳﺔ ﻟﻠﻔﻮز ﺑﺘﻨﻈﻴﻢ اﻟﻔﻌﺎﻟﻴﺎت اﻟﻜﺒﺮى اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
28
Gaining Edge
29
80 2016 20
%
2015 286
14
%
5
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ﺳﻴﺎﺣﺔ ﺳﻴﺎﺣﺔ
2016 2.7 %
11.3
ﺗﻘﻠﻴﺺ ﺑﺪﻻت وﻣﺰاﻳﺎ اﻟﻤﻮﻇﻔﻴﻦ ﺑﺪول اﻟﺨﻠﻴﺞ ﻳﺆﺛﺮ ﺳﻠﺒﻴ ًﺎ ﻋﻠﻰ اﻟﻘﻄﺎع اﻟﺴﻴﺎﺣﻲ
2015 2016
48
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76
Galaxy S7 Edge ﻣﻘﺎوم ﻟﻠﻤﺎء وﻟﻠﻐﺒﺎر Always
5 .On
7 microSD
Galaxy S7
nano-SIM Galaxy S7 Edge
Galaxy S7 / 7
7 Edge
7
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6
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7 30
1.5
7
5 1440×2560
7 USB C
152 Micro USB
7.7
5.5
5.1 577 7.9×69.6×142.4 7
157 VR
7 microSD
51
Business Class Magazine issue No. 84
157
7.7×72.6×150.9
ﺗﻜﻨﻮﻟﻮﺟﻴﺎ ﺗﻜﻨﻮﻟﻮﺟﻴﺎ
ﻧﻈﺎرة اﻟﻮاﻗﻊ اﻻﻓﺘﺮاﺿﻲ ﻣﻦ HTCﺑﺴﻌﺮ 799دوﻻر ًا!! Valve
599
799 29
Valve Steam
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Valve
ﺗﻄﺒﻴﻖ ﺳﻴﺴﺎﻋﺪك ﻋﻠﻰ اﻟﺘﻘﺎط ﻣﻘﺎﻃﻊ اﻟﻔﻴﺪﻳﻮ ﺑﺎﻟﺤﺮﻛﺔ اﻟﺒﻄﻴﺌﺔ «»Mo
Gif
3
iOS
50
Business Class Magazine issue No. 84
اﺣﺘﻔﺎﻻ ﺑﺬﻛﺮى ﻣﻴﻼدﻫﻢ..
ﻓﻴﺲ ﺑﻮك ﺗﺘﻴﺢ ﺗﺴﺠﻴﻞ ﻣﻘﺎﻃﻊ ﻓﻴﺪﻳﻮ ﻟﻤﺸﺎرﻛﺘﻬﺎ ﻣﻊ اiﺻﺪﻗﺎء Birthday video cam
100 60
%
.2014 60
%
2030 5
15
إل ﺟﻲ ﺗﻜﺸﻒ ﻋﻦ ﺳﻤﺎﻋﺎت اﻟﺒﻠﻮﺗﻮث LG TONE The LG TONE LG geekygadgets
60
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53
ﺗﻜﻨﻮﻟﻮﺟﻴﺎ ﺗﻜﻨﻮﻟﻮﺟﻴﺎ
ﺳﺎﻣﺴﻮﻧﻎ ﺗﻄﻠﻖ ﺟﻬﺎز ًا ﻳﺤﻮل أي ﺳﻴﺎرة ﻋﺎدﻳﺔ إﻟﻰ ذﻛﻴﺔ
.dpuf
ﺣﻮل ﺟﻤﻠﻚ اﻟﻤﻜﺘﻮﺑﺔ إﻟﻰ ﺻﻮر ﻋﻠﻰ آﻳﻔﻮن 50
MOOD
52
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2011
2017
55
Business Class Magazine issue No. 84
ﺳﻴﺎرات ﺳﻴﺎرات
Maserati Levante 2016 !!اﻟﺴﻴﺎرة اﻟﺘﻲ اﻧﺘﻈﺮﻫﺎ اﻟﺠﻤﻴﻊ
Business Class Magazine issue No. 84
54
230
8 TFT
25
28
800
57
Business Class Magazine issue No. 84
ﺳﻴﺎرات ﺳﻴﺎرات
ﻓﻲﻗﻄﺮ ا ن ﻓﻲ ﻗﻄﺮ ا'ن
ﺑﻴﻚ أب رﻧﺠﺮ 2016 وذﻛﺎء وﻗﺪرة اiﻛﺜﺮ ﻗ ّﻮة ً
اﻟﺪوﺣﺔ -ﺑﺰﻧﺲ ﻛﻼس
148 Duratorq
2016
TDCi
Built Ford Tough
–
56
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CLS 400
LED
CLS 400 A 250 E 200 E 400 GL 500 CLS 400
280 A 250
27 2016
119 E E 400
165
E 200
239 GL 500
369
59
Business Class Magazine issue No. 84
1
ﺳﻴﺎرات ﺳﻴﺎرات
»ﻧﺎﺻﺮ ﺑﻦ ﺧﺎﻟﺪ ﻟﻠﺴﻴﺎرات« ﺗﻮاﺻﻞ ﺣﻤﻠﺔ ﻋﺮوﺿﻬﺎ اﻟﻤﻤﻴﺰة
58
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LC 500
LC 500 LF-LC
61
Business Class Magazine issue No. 84
ﺳﻴﺎرات LUXURY LUX
ﺳﻴﺎرات
LC 500 ﻟﻜﺰس
ﺗﺤﺼﺪ ﺟﺎﺋﺰﺗﻴﻦ ﻟﻠﺘﻤﻴﺰ ﻓﻲ اﻟﺘﺼﻤﻴﻢ LC
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LC 500
EyesOn Design
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»2016 5.0 Business Class Magazine issue No. 84
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ﺑﺰﻧﺲ ﻛﻼس-اﻟﺪوﺣﺔ
MINI MINI
MINI MINI
YALLA MINI MINI MINI
MINI John Cooper Works
MINI 2 TwinPower Turbo 320
MINI
MINI
231 MINI Hatch
.MINI Countryman MINI
MINI John Cooper Works Hatch MINI Hatch Yalla MINI MINI
.MINI John Cooper Works Hatch YALLA MINI
63
Business Class Magazine issue No. 84
ﺳﻴﺎرات ﺳﻴﺎرات
ﻋﺮﺿﺖ ﻗﺪرات ﻃﺮازاﺗﻬﺎ ﻟﻠﻤﺮة اiوﻟﻰ ﻋﻠﻰ ﺣﻠﺒﺔ ﻟﻮﺳﻴﻞ اﻟﺪوﻟﻴّﺔ
اﻟﻔﺮدان ﻟﻠﺴﻴﺎرت ﺗﻌﺮض ﻗﺪرات MINI
YALLA MINI ﺗﻌﻮد إﻟﻰ اﻟﺪوﺣﺔ
62
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Business Class Magazine issue No. 82
ﺳﻴﺎرات ﺳﻴﺎرات
MINI
MINI
2015
MINI John Cooper Works MINI Hatch
34% MINI MINI John MINI Countryman MINI Hatch
MINI Hatch MINI Countryman % 18 MINI John Cooper Works
Hatch
10% Hatch .Cooper Works
3
% 27
John Cooper MINI John Cooper Works
TwinPower Turbo MINI Cooper S 192 4 136
4
BMW MINI Hatch
TwinPower Turbo
Works
136 2
Cooper
1.5 Cooper S
280 6.7
192 100
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