News

Qatar announces provisional commercial licenses

Qatar`s Ministry of Commerce and Industry (MoCI) recently launched a new service to issue provisional commercial licenses for all commercial activities.

The service will be jointly implemented with the Ministry of Interior (MoI) and the Ministry of Labour (MoL). It is part of country’s ongoing efforts to support the private sector and improve...

19/06/22

Qatar launches advanced manufacturing hub at WEF

Qatar`s Ministry of Commerce and Industry (MoCI) has announced the launch of the Advanced Manufacturing Hub (AMHUB) in cooperation with Qatar Development Bank (QDB) at the WEF.

The hub, which is a collaboration of key stakeholders in Qatar and the [World...

12/06/22

Qatar Central Bank develops a new FinTech strategy

Qatar Central Bank (QCB) will launch a new fintech strategy during the fourth quarter of 2022.

The QCB initiative is part of a number of measures being implemented to promote a digital society as the country increases its digital offerings including in banking. Plans to license financial technology companies will be implemented soon.

The...

05/06/22

Qatar and German relations continue to expand

The State of Qatar and the Federal Republic of Germany aim to expand their strong commercial and economic investment ties.

The two countries recently signed several Memorandum of Understandings (MoUs) which build on the Qatari-German Joint Commission on Economic, Trade and Technical Cooperation...

29/05/22

Qatar`s technology sector has a lot of potential

Qatar’s technology sector is expanding and offers new opportunities and possibilities in line with the progress in the digital transformation.

The topic was debated in a recent webinar named “Back to Global - Berlin Startups Explore Opportunities in Qatar” which was presented by Tasmu Digital Valley...

22/05/22

Qatar is among top countries for entrepreneurs

The State of Qatar is ranking ninth on the list of top countries for entrepreneurs according to the National Entrepreneurial Context Index (NECI) 2021.

The top position is due to many factors including the country`s successful national development strategies...

15/05/22

Qatar remains a promising market in the region

The State of Qatar is a very promising investment market according to a recent report by The Investment Promotion Agency Qatar (IPA Qatar).

The report “Invest Qatar Annual Report 2021” recorded a year of substantial growth which contributed over QAR 4 billion (USD 1.1 billion) of capital expenditure into the country.

[Last year saw the...

08/05/22

Qatar’s trade surplus up 171 percent in November

Qatar’s foreign merchandise trade balance increased by 171 percent in November 2021 compared to November 2020 according to the latest figures released by the Planning and Statistics Authority (PSA).

The year-on-year comparison represents the difference between total exports and imports which reached QAR 24.5 billion (USD 6.7 billion) in November...

16/01/22

SCDL announces new tenders for 2022 FIFA World Cup

A webinar hosted by the Qatar Financial Centre (QFC) and titled “Exploring Tender Opportunities at the Supreme Committee for Delivery & Legacy” discussed the potential for businesses and projects related to the 2022 FIFA World Cup in Qatar.

The virtual event explained the tender process to the business community and emphasized the array of opportunities and possibilities with the [Supreme Committee...

03/10/21

Qatar to award a number of large-scale projects in 2021

The State of Qatar is expected to invest more than QAR 113.15 billion (USD 31 billion) into large-scale projects this year. The estimation is in line with the country’s QAR 47.45 billion (USD 13 billion) expansion of the oil and gas sector in the first quarter of 2021.

The investments in projects in the countries part of...

26/09/21