News

Investors confident in Qatar’s non-energy sectors

Qatar Financial Centre (QFC) data indicates the non-energy private sectors rapid growth according to the latest Purchasing Managers’ Index (PMI) survey.

The rates of expansion in total activity, new work and outstanding business were among the fastest registered throughout the survey’s five-year history.

Qatar`s PMI indices are compiled from survey responses of 450 private sector companies....

21/08/22

SMEs are key contributors to Qatar’s economy

The State of Qatar`s small and medium enterprises (SMEs) represent 97% of registered private sector companies and contribute 16% to non-oil gross domestic product (GDP).

“The Report: Qatar 2022” published by Oxford Business Group underlined that SMEs are the backbone of major economies around the world and important drivers of economic diversification and GDP growth.

[In order to promote...

14/08/22

Qatar continues to grow and maintains trade surplus

Qatar`s real economic growth rate has grown by 2.5% based on constant prices according to figures released by the Planning & Statistics Authority (PSA).

The real economic growth rate is based on preliminary estimates of the gross domestic product (GDP). These estimates indicated a GDP of QAR 166.3 billion (USD 45.6 billion) in the first quarter of 2022 in a year-on-year comparison to last year’s...

07/08/22

Qatar generates home-grown start-up success stories

Qatar is prioritizing the growth of a start-up ecosystem as the country pursues the Qatar National Vision 2030 to become a sustainable innovation hub.

A number of home-grown start-ups and scale-ups are benefitting from the support of major stakeholders including Qatar Development Bank (QDB), Qatar Business Incubation...

31/07/22

More businesswomen in all sectors in Qatar

Qatari women are increasingly represented across all economic sectors according to recent figures published by the Qatar Chamber of Commerce & Industry (QCCI).

Over the past few years, the number of females in business has rapidly increased. According to the Qatar Chamber, seven thousand Qatari women have full or partial ownership of companies in Qatar. Similarly,...

24/07/22

Trade between Qatar and United Kingdom at new heights

The State of Qatar and the United Kingdom will continue to expand the collaboration and cooperation in different opportunities and to continue to develop the long-standing bilateral trade relations.

Ministers from both governments reviewed areas of common interest aimed at strengthening cooperation in the trade,...

03/07/22

Launch of “1000 opportunities initiative” in Qatar

The State of Qatar`s Ministry of Commerce and Industry (MoCI), recently launched the “1000 Opportunities Initiative” to facilitate partnerships between public and private sector.

The national initiative is powered by an electronic platform that allows local investors to secure stakes in major national and international companies operating in Qatar. It will...

26/06/22

Qatar announces provisional commercial licenses

Qatar`s Ministry of Commerce and Industry (MoCI) recently launched a new service to issue provisional commercial licenses for all commercial activities.

The service will be jointly implemented with the Ministry of Interior (MoI) and the Ministry of Labour (MoL). It is part of country’s ongoing efforts to support the private sector and improve...

19/06/22

Qatar launches advanced manufacturing hub at WEF

Qatar`s Ministry of Commerce and Industry (MoCI) has announced the launch of the Advanced Manufacturing Hub (AMHUB) in cooperation with Qatar Development Bank (QDB) at the WEF.

The hub, which is a collaboration of key stakeholders in Qatar and the [World...

12/06/22

Qatar Central Bank develops a new FinTech strategy

Qatar Central Bank (QCB) will launch a new fintech strategy during the fourth quarter of 2022.

The QCB initiative is part of a number of measures being implemented to promote a digital society as the country increases its digital offerings including in banking. Plans to license financial technology companies will be implemented soon.

The...

05/06/22