News

QFTH zoning in on self-sustainability

Qatar FinTech Hub’s (QFTH) incubator and accelerator programmes were introduced to promote and support early-stage and mature FinTech start-ups and are on track to become financially self-sustainable. The recent launch has been hugely successful and has attracted national and international talent with over 750 applications from 72 countries.

The QFTH which was stablished...

17/12/20

Private sector expansion suggests economic recovery in 2021

Qatar is expected to return to economic growth in 2021 due to its robust economic reforms and the continued increase in demand for oil and gas as countries emerge from the pandemic and economies re-open. These factors have led to an improvement in the recovery of the Qatar Stock Exchange which has crossed the 10,000 point mark and closed almost 2% up year-to-date.

The growth of new businesses or...

15/12/20

Economic transformation with research, development and innovation

The Qatar National Vision 2030 has identified research, development and innovation as a key part of the country`s economic transformation.

The Oxford Business Group (OBG) in collaboration and cooperation with the Qatar Science and Technology Park (QSTP) recently published a comprehensive COVID-19 Response Report (CRR) which highlighted the many opportunities and possibilities...

13/12/20

Top destinations for Qatar’s exports in Asia

According to the most recent release of the Planning & Statistics Authority, the State of Qatar recorded a merchandise trade balance surplus (difference between total exports and imports) of QAR19.6 bn or USD 5.4 bn down from QAR 38.0 bn or USD 10.4 bn at the same time last year.

The top five destinations for exports from the State...

10/12/20

Another mixed-use development in Lusail opens for investors

The Seef, another district in Lusail City with 600,000 square metres of mixed-use development with commercial, office, retail, hotels, restaurants, entertainment and residential has opened the opportunities for locals and foreigners to invest in residential and non-residential units.

The district which is situated at the heart of the 2.3 kilometre long waterfront promenade...

08/12/20

Qatar’s diversification is driven by SMEs

It is a consensus that small and medium-sized enterprises (SMEs) are the foundation of national economies in developed countries around the world.

Small and medium-sized enterprises (SMEs) are at the forefront in the diversification of the economy of the State of Qatar. They are playing an important role in the development of the country.

More than 96 percent of the 25,000 businesses in the...

06/12/20

QICDRC’s role in promoting Qatar as a hub for investment

The Qatar International Court and Dispute Resolution Centre (QICDRC) has celebrated the 10th anniversary. It has achieved a specialist reputation as an international court, while also promoting and supporting the development of the country`s business and investment environment.

Since the establishment of the QICDRC in 2009, it has upheld international best practices...

03/12/20

QDB to hold a virtual Investment Forum in December

Qatar Development Bank (QDB) announced the first virtual edition of the Investment Forum to be held on Tuesday, 01/12/2020 under the theme ‘Business Transformation and Growth’.

The third edition of the annual event will be supported by the Investment Promotion Agency - Qatar (Invest Qatar) and the Ministry of Transport & Communication (MOTC) with large corporates, angel...

01/12/20

Entrepreneurs pitch tech-ideas at QSTP’s virtual ‘Demo Day’

The local tech innovation community saw eleven groups of entrepreneurs pitch their ideas at the “Demo Day” of the 10th edition of the XLR8 programme of Qatar Science and Technology Park (QSTP).

Despite of the limitations and restrictions with Covid-19, QSTP and the partners were determined to deliver their XLR8 programme and the final pitching day was held virtually...

29/11/20

Manateq to invest in industrial zones

The Economic Zones Company – Manateq has announced to invest more than QAR 10 bn (USD 2.75 bn) as part of a five-year plan for new projects and to develop the infrastructure in the industrial zones of the country. The plans are in line with the long-term vision to diversify the energy-rich economy into a well-developed and sustainable country by 2030.

The money will be spent on new industrial...

26/11/20