News

Qatar’s clean energy strategy targets renewables

Qatar’s future energy strategy aims to diversify into renewables, targeting a solar capacity increase to 5 Giga Watts (GW) by 2035.

Furthermore its strategy aims to leverages Qatar’s competitive edge to drive its clean energy transition and energy goals. The strategy emphasises reinforcing its Liquid Natural Gas (LNG) export leadership, broadening energy production diversity and enhancing decarbonisation....

13/10/24

Qatar witnesses impressive growth in non-oil sectors

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...

06/10/24

Qatar Free Zones Authority launch visa service office

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,...

29/09/24

Qatar’s agricultural sector expected to grow significantly

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%...

22/09/24

Qatar concludes Northern European tour building relations

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,...

15/09/24

Qatar and Uzbekistan increase economic ties featuring ICT

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...

08/09/24

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