News

Qatars 'Young Entrepreneurs Initiative’ empowers students

Qatars ‘Young Entrepreneurs Initiative’ aims to educate its students about leadership skills with the goal of chanelling energies and ideas to serve the society.

The initiative is a combined programme between the Ministry of Education and Higher Education and Qatar Chamber. A recent workshop was hosted by Qatar Chamber who are committed to supporting such...

14/04/24

Qatar Scholarship Programme to accept 100 new recipients

Qatar Scholarship Programme recently introduced 100 new scholarships at an event attended by The Education Above All Foundation (EAA) and the General Directorate of Endowments (Awqaf).

The event also recognised 36 outstanding graduates and celebrated 57 students for their scholarly excellence during the 2023 - 2024 academic year. The event drew over 300 attendees, including students and their families,...

07/04/24

Qatars Construction market forecasts growth of 9.13%

Qatar’s construction sector is expected to be valued at QAR 354.7 billion (USD 97.4 billion) by 2029, reflecting a compound annual growth rate (CAGR) of 9.13 percent.

A recent report also predicted the sector would be worth QAR 229.2 billion (USD 63 billion) in 2024. It notes infrastructure and industrial projects as a catalyst for the growth with various mega sporting events including the Fifa...

31/03/24

Qatar records budget surplus of QAR 43 billion for 2023

Qatar`s Ministry of Finance recently revealed fourth quarter results led to a total budget surplus of QAR 43.1 billion (USD 11.84 billion) for the last fiscal year.

Data revealed that during the fourth quarter of 2023, a surplus of QAR 1.4 billion (USD 385 million), was realised. Furthermore the Ministry of Finance revealed that the surplus...

24/03/24

Qatar announces huge increase in North Field gas reserves

Qatar Energy has announced a new LNG expansion project, which will increase production capacity to 142 million tons per annum (MTPA).

Termed as the ‘North Field West’ project, completion is scheduled before the end of this decade and is expected to represent an increase of almost 85% against current production levels.

Extensive appraisal drilling and testing have confirmed that productive...

17/03/24

Qatar offers expats high salaries and great standard of living

Qatar ranks among the most affordable tax free countries to relocate to in 2024, according to a recently published study.

The report noted that the State of Qatar has a population of approximately three million while the average monthly salary in Qatar is one of the highest among tax free countries...

09/03/24

Startup Qatar Investment Programme launched for startups

Qatar Development Bank has announced the launch of its Startup Qatar Investment Programme, which provides funding and assistance to tech startups seeking to establish or expand operations in Qatar.

The investment programme is a platform recently unveiled by the Investment Promotion Agency (Invest Qatar), which aims to promote Qatar as a major hub for startups. Further aims include attracting and...

03/03/24

Qatar Islamic Fintech market to reach QAR 14.6 billion by 2027

Qatar’s Islamic Fintech market is projected to grow to QAR 14.6 billion (USD 4 billion) over the next three years, according to a recent Global Islamic Fintech (GIFT) report.

The report estimated that Qatar’s Islamic Fintech transaction volume was worth QAR 7.6 billion (USD 2.1 billion) in 2022/23. In addition, it noted that Qatar is home to 24 of the 417 Islamic Fintech firms identified globally....

25/02/24

Qatar’s population hits 3 million as imports and exports rise

Qatars population reached the three million mark in January 2024, according to information released by the country`s Planning and Statistics Authority (PSA).

The exact population was recorded as 3,118,000, which represents a monthly increase of 5.1% from December of the previous year and an annual growth rate of 5.5% compared to January 2023. In comparison, Qatar`s population in January of the...

18/02/24

Moody’s upgrades Qatar’s credit rating to AA2

Qatar`s credit rating has been upgraded to AA2 by Moody’s, who also revised the States outlook to stable based on Qatar’s positive financial metrics from 2021 to 2023.

Additionally, the trusted investors service also upgraded Qatar’s long term debt ratings in local and foreign currencies to Aa2 from Aa3. It also raised Qatar’s foreign currency medium term...

10/02/24