News

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General tax considerations on managing working capital

From a tax compliance perspective, tax authorities around the world have been quick to respond to the current crisis mainly through short term alleviating measures such as an extension of tax filing deadlines and deferral of tax payments which has allowed businesses to adjust to new ways of working.

However, organisations should also carefully consider the relief measures embedded in the local...

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20/10/20

Qatar is ideal for developing a B2B FinTech market

The State of Qatar’s demographics make the nation an ideal place for developing a robust business-to-business (B2B) FinTech market.

The FinTech industry in the country has witnessed a surge in the number of start-ups exploring the local opportunities. The Qatar FinTech Hub (QFTH) has recently attracted over 750 applications from all corners of the world.

Qatar Central Bank (QCB) has issued...

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19/10/20

Qatar FinTech Hub attracts ideas from over 70 countries

The Qatar FinTech Hub (QFTH) recently announced that 24 FinTechs have been selected for the first wave of the incubation and acceleration programmes. The twelve-week programmes due to run from October to December were designed for national and international entrepreneurs who are interested to accelerate their growth.

Over the last two months, the QFTH received more than 750 applications from start-ups...

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15/10/20

QBIC’s first virtual “Demo Day”

Qatar Business Incubation Centre (QBIC) recently selected the latest start-ups for investments at the first virtual “Demo Day”, a new event format with a live-stream.

It was the thirteenth round with graduates from the Lean Startup Programme (LSP).

A selection of the most promising start-ups and scale-ups pitched their ideas to the incubation committee and the audience on YouTube. Potential...

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07/10/20

Integration in micro-chemical and petrochemical industries

Chemical, petrochemical and mining industries are an essential part of Qatar`s diversified economy concept, in line with the Qatar National Vision 2030.

In line with a strive for sustainable economic growth, the National Industrial Transformation Program and the existence of an industrial zone for specialised and transformational chemical industries have resulted in the integration of the energy...

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03/10/20

Businesses ready for new labour reforms

Qatar's government recently announced new labour reforms which will benefit the country's job market. These reforms will protect the employees and their employers. The businesses and its leaders are prepared for the implementation.

The Ministry of Administrative Development, Labour and Social Affairs (MADLSA) stated that a non discriminatory minimum wage will be introduced and shall apply to all...

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01/10/20

Factories in Qatar total up to 915

The number of operating factories in Qatar’s industrial sector has increased to 915 as of September (according to the Ministry of Commerce & Industry).

This growth has been fuelled in part due to the reforms of the government of the State of Qatar to stimulate the investment environment in the country.

Also, they have led to the country rapidly diversifying local and global supply chains while...

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01/10/20

General Tax Authority’s reminder for registration on Dhareeba portal

To comply with new regulations, all corporate taxpayers must register on the General Tax Authority’s new online portal. The deadline is September 30th, 2020. Some of the many advantages of registering, are the hassle free issuing of a tax card and the easy registration of a taxpayer’s representative.

Known as the Dhareeba tax portal, it aims to make all tax transactions simple and easy. In order...

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16/09/20

Qatar, the Start-Up Capital of the GCC

Qatar has established itself as the start-up capital of the GCC region according to the Qatar Embassy in the USA. The government has invested heavily in the diversification of the economy in line with their long-term vision.

A business friendly environment, state of the art infrastructure and robust macroeconomic fundamentals are factors that have attracted sizeable foreign investments from some...

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15/09/20

Mastercard’s partnership with QDB to enable the local fintech industry

Mastercard’s partnership with QDB to enable the local fintech industry

Mastercard has joined forces with the Qatar Development Bank (QDB) to support the development of Qatar’s fintech industry through the Qatar FinTech Hub (QFTH), an initiative of QDB that supports a vibrant and varied tech community locally and internationally whose goal it is to develop disruptive technologies.

Additionally,...

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15/09/20

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