Is it Recessions?

highstreet
By highstreet

What is Recession?
How we know the recession surrounding us?
If recession effect to cash flow....what is now in Qatar market?
90% firms in Qatar facing finance tight?
Payment delays.....
Salary not paying in time...sometime 3 months, 4 months delay.
Ugly competitions in the market...
very low rate quoting for job like sub-contracts

Is it call this RECESSIONS?

By highstreet• 16 Mar 2013 23:28
highstreet

Those who are working public companies like QP, QGAS, QTEL, etc.... there is no salary delay i heard.

Who make delaying the payment... the main contractor saying to the Sub contractor that Client not paid...so sub contractor want to be suffer for the delayed

Truth is Main contractor received the big amount from the client and diverting the funds to other business.. isnt it?. Finally cash flow will stop ..some of sub contractors will out of the ground. After some time defaulters more in Qatar....and nobody trust each other...

Same thing happen to the man power suppliers.

The hire people not pay in time, so the manpower office make delay for the staff. Who is suffer...the ordinary people.

By osamabawab• 16 Mar 2013 14:32
Rating: 5/5
osamabawab

projects awarding has stopped recently for a limited period, but now it has started again, so all the firms will resume booming shortly.

firms with no strong background suffered in this period but we can't call that recession, it's just the silence before the storm.

By blisteringbarnacles2007• 16 Mar 2013 13:20
Rating: 4/5
blisteringbarnacles2007

There is recession around... its only very well hidden... from the lay people... the rubber band is stretched beyond limit... nobody knows when it will snap...

By Knight Returns• 15 Mar 2013 13:16
Rating: 5/5
Knight Returns

Are you sure 90% of private companies in Qatar are facing cash crunch and delaying salaries by 3 to 4 months?

If you are only talking about your employer, something is wrong locally. Talking about competition in sub-contracts or man-power supplies, it has always been this way in the last few years. To get contracts, especially in man-power supplies, agencies don't hesitate to undercut as they know they will get cheaper labour from south asian countries. They make their money on labour.

Unless the government puts a limit on the minimum labour daily rate, things aren't going to improve.

By Good old joe• 15 Mar 2013 12:04
Good old joe

Out here Recession or imaginary recession is the excuse they use when they want to push you out from the organization so that they can later on fill the vaccant places with their own relatives and extended family members

By alex brod• 15 Mar 2013 11:39
Rating: 5/5
alex brod

No..it's called ...others must rest and go home...

By britexpat• 15 Mar 2013 11:23
britexpat

No!!

Log in or register to post comments

More from Qatar Living

Qatar’s top beaches for water sports thrills

Qatar’s top beaches for water sports thrills

Let's dive into the best beaches in Qatar, where you can have a blast with water activities, sports and all around fun times.
Most Useful Apps In Qatar - Part Two

Most Useful Apps In Qatar - Part Two

This guide brings you the top apps that will simplify the use of government services in Qatar.
Most Useful Apps In Qatar - Part One

Most Useful Apps In Qatar - Part One

this guide presents the top must-have Qatar-based apps to help you navigate, dine, explore, access government services, and more in the country.
Winter is coming – Qatar’s seasonal adventures await!

Winter is coming – Qatar’s seasonal adventures await!

Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
7 Days of Fun: One-Week Activity Plan for Kids

7 Days of Fun: One-Week Activity Plan for Kids

Stuck with a week-long holiday and bored kids? We've got a one week activity plan for fun, learning, and lasting memories.
Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Wallet-friendly Mango Sticky Rice restaurants that are delightful on a budget

Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Places to enjoy Mango Sticky Rice in  high-end elegance

Places to enjoy Mango Sticky Rice in high-end elegance

Delve into a world of culinary luxury as we explore the upmarket hotels and fine dining restaurants serving exquisite Mango Sticky Rice.
Where to celebrate World Vegan Day in Qatar

Where to celebrate World Vegan Day in Qatar

Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.