News

Qatar`s QAR 65.5b North Field Expansion Targets Dominance

Qatar Energy is advancing its strategic position in the global natural gas market by prioritising its North Field West expansion project. The significant development, poised to enhance Qatar’s status as a leading liquefied natural gas (LNG) exporter, involves the rollout of a number of engineering, procurement and construction (EPC) contracts. As a result, the project is expected to generate greenfield...

01/09/24

Qatar Financial Centre licences 505 new businesses in 2024

Qatar Financial Centre (QFC), the States onshore financial and business hub, has reported a substantial increase in new company registrations during the first half of 2024.

QFC registered 505 new firms in this period, marking a 230% rise from 149 firms across the same timeframe last year. This surge brings the total number of companies on the QFC platform to over 2,200. Interestingly, the technology...

25/08/24

Qatar esports industry revenue projected at QAR 457.5 million

Qatar`s esports industry is flourishing and is projected to achieve revenue of up to QAR 457.5 million (USD 125.7 million) in 2024 according to a recent report from Statista.

The online platform specialises in statistics, data gathering and visualisation and projects revenue will show an annual growth rate (CAGR 2024–2027) of 6.75%, resulting in a projected market volume of QAR 556.6 million (USD...

18/08/24

Qatar attracting European Companies eager to expand

Qatars Minister of Finance and a top European Union (EU) official highlighted the robust and flourishing relationship between the EU and the State of Qatar in a recent high profile meeting.

The exchange underscored the growing enthusiasm among European companies to deepen their engagement and expand their footprint in the Qatar market. Moreover, the discussions revolved around fortifying trade...

11/08/24

Qatar ranks fourth globally in economic performance for 2024

Qatar has improved its ranking to 11th overall in the World Competitiveness Yearbook 2024, issued by the International Institute for Management Development (IMD) in Switzerland.

The report further revealed that the State ranked highly across the four main factors: economic performance - 4th, government efficiency - 7th, business efficiency - 11th and infrastructure - 33rd.

The competitiveness...

04/08/24

Qatar’s Ooredoo launches MENA Digital Hub using NVIDIA AI

Qatar`s Ooredoo has tied up with NVIDIA to deploy artificial intelligence (AI) technology at data centres owned by the Qatari telecommunications giant across five Middle Eastern countries.

The deal signifies NVIDIA’s first large scale launch in the Middle East, setting a promising precedent for the future of AI technology in the region. It makes Ooredoo ...

28/07/24

Qatar and Poland event promotes opportunities and expands relations

Qatar`s Ministry of Commerce and Industry recently revealed that the trade exchange between Qatar and Poland has grown by 80% over the past 5 years reaching QAR 4.73 billion (USD 1.3 billion) in 2023.

As a result, the Republic of Poland ranked as the 21st trade partner of Qatar in 2023. Furthermore, there are 38 Polish companies operating in the Qatari market, 32 of which are in partnership with...

21/07/24

Qatar launches the Simaisma Project mega entertainment district

Qatar`s Ministry of Municipality recently launched the Simaisma Project, an initiative to be developed in line with Qatar’s National Development Strategy 2024-2030.

The development of the groundbreaking entertainment district will be led by Qatari Diar Real Estate Investment, who currently manage over 50 ongoing projects across 20 countries with a cumulative...

14/07/24

Qatar reduces commercial service fees and ground rents

Qatars Ministry of Commerce and Industry (MOCI) has announced upto a 90% reduction of selected service fees for the commercial, industrial, business development and consumer protection sectors.

The new resolution aims to support and encourage national and foreign projects. In addition, it seeks to create an attractive commercial environment for investment. Most importantly, the new resolution falls...

07/07/24

Qatar to host MENA Fintech Festival from December 3-5

Qatar will host the third edition of the rebranded MENA Fintech Festival set to take place from December 3-5 in Qatar focusing on Fintech and Financial Inclusion.

The change in name reflects the events expanded focus from a standard forum and exhibition into an authentic business to business (B2B) matchmaking platform and industry gathering. As a result, the transformation aims to combine great...

30/06/24