News

Normalisation of relations to help Qatar’s non-oil economy

The normalisation of the relations between the State of Qatar and the neighbours in the region following the signing of the Al-Ula Declaration at the 41st session of the Supreme Council of the Co-operation Council for the Arab States of the Gulf (GCC) is seen as the “beginning of the openness”.

The objectives of the GCC to cooperate, integrate, advance and enhance have been emphasized at the...

10/01/21

QFC contributes 1% to Qatar’s gross domestic product

The Qatar Financial Centre (QFC) contributes 1% of Qatar’s gross domestic product according to the release of a report titled ‘The Economic Impact of Qatar Financial Centre’.

The report measures the QFC’s economic impact in different types of contributions from direct impact created by the QFC to indirect impact through the local supply chains and the employee...

07/01/21

Qatar invests in youth development and empowerment

In line with the Qatar National Vision 2030 the country focuses on youth development and empowerment through entrepreneurship and many other means as it looks to diversify the economy.

The State of Qatar and the key stakeholders in the public and private sector in the country have invested in incubators, accelerators and competitions,...

05/01/21

Qatar passes (new) laws to improve the ease of doing business

The State of Qatar has advanced and enhanced the legal framework in the past year with the aim and intention to simplify the processes, policies and procedures, to be more attractive for foreign investors and to cut red tape. With the 2022 FIFA World Cup fast approaching there will be more significant updates in 2021 which will benefit those who are doing business in the country.

One of the most...

03/01/21

Qatar`s ICT adoption second in the Arab world

Qatar has one of the world`s highest internet adoption rates and ranks among top countries in terms of acceptance of information and communications technologies (ICT). The government has invested substantially in 5G technology and Ooredoo was the first in the world to launch the commercially-available 5G services.

According to the World Economic Forum’s Global Competitiveness Report Special Edition...

31/12/20

Qatar`s Ministry of Finance selects medium term projects

Qatar has selected medium term projects with a value of QAR 53.9 billion (USD 14.8 billion) as part of the strategic plan by the Ministry of Finance (MoF) and the Public Works Authority – Ashghal to prioritise public spending.

A list of new projects has been selected and will be awarded...

29/12/20

Qatar and Russia’s trade volume up in line with strategic relations

The Investment Promotion Agency Qatar (IPA Qatar) and the Roscongress Foundation recently co-hosted an event titled “Qatar-Russia Economic Partnership: Avenues of Growth for Russian Companies in Qatar’s Investment Ecosystem”.

It was held in the run-up to the St. Petersburg International Economic Forum (SPIEF) and Qatar’s participation as a guest country and to discuss the progress in improving...

27/12/20

Qatar and Turkey`s bilateral trade and investment keeps growing

The relationship between Qatar and Turkey has been going from strength to strength in recent years. Today, the areas of collaboration and cooperation between the two countries span a wide range of sectors.

The Investment Promotion Agency Qatar (IPA Qatar)...

24/12/20

Qatar’s entrepreneurship and start-up ecosystem to further develop

The entrepreneurship and start-up ecosystem in the State of Qatar is expected to further develop in 2021 and was recently ranked third in the world and the best in the MENA region.

The progress is down to many factors including the efforts of different semi-governmental and governmental institutions such as the Qatar Development Bank (QDB), Ministry of Commerce...

22/12/20

QST wraps up the third cohort of the accelerator program

Qatar SportsTech (QST) recently announced the completion of the third cohort of the accelerator program which featured ten very promising start-ups from six countries.

QST is a leading start-up accelerator and hub for sports-tech start-ups and scale-ups from around the world with the vision to be a catalyst for shaping and reshaping sports technology in the Middle East and beyond.

The third...

20/12/20