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Qatar’s non oil revenues are expected to outperform all industries after recording growth of 2.2% this year, according to a report by Fitch Solutions. The company also indicated that numerous industries are poised for “stronger-than-expected” growth in the remaining months of 2024, demonstrating the resilience of Qatar’s economy.
Further figures released by the [Qatar Planning and Statistics...
Read More06/10/24
Qatar Free Zones Authority (QFZ) and the General Directorate of Passports at the Ministry of Interior (MOI) have officially inaugurated the Ras Bufontas Free Zone Visa Service Office.
This strategic initiative aims to meet the evolving needs of an ever expanding business community within Qatar’s free zones,...
Read More29/09/24
Qatar’s agriculture sector has experienced significant growth and is projected to reach approximately QAR 812 million (USD 223.1 million) by 2029 according to research by Mordor Intelligence.
As a result, any predicted growth will contribute to the nation’s food security and self-sufficiency. Most importantly, figures show the sector is expanding at a compound annual growth rate (CAGR) of 5.5%...
Read More22/09/24
Qatar recently concluded a European tour encompassing Norden countries Sweden, Norway and Finland with the aim of enhancing ties and exploring issues of mutual interest.
Commencing the visit in Sweden, officials signed several memorandas of understanding (MoUs) and a letter of intent for military cooperation, according to Qatar’s news agency (QNA).
One MoU covered political consultations,...
Read More15/09/24
Qatar and Uzbekistan have actively undertaken high-level state meetings this past year to discuss ways of increasing economic co-operation while enhancing trade ties.
Meetings have focussed on digital technologies, where there is already proactive co-operation which is already harbouring significant progress. Demonstrating such collaboration, Qatar will be a partner country in next weeks global...
Read More08/09/24
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...
Read More01/09/24
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...
Read More25/08/24
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...
Read More18/08/24
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...
Read More11/08/24
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...
Read More04/08/24