News

Qatar in position to remain a large market for Islamic finance

The country has been active in Islamic finance since the early 1980s and is the fifth largest market for Islamic finance in the world. It is home to some of the world’s largest Islamic banks, who held 26 percent of total banking assets in the country and 6 percent of the global Islamic banking assets in 2020.

The volume of assets of Qatari Islamic banks amounted to QAR 415.8 billion in 2019 compared...

15/04/21

GTA announces extension of deadline for tax returns

The General Tax Authority (GTA) has extended the deadline for the submission of the tax return for 2020 by two months.

As a result, the new date for the submission of the tax return by the taxpayers with the financial year ending on 31st of December, 2020 will be 30th of June, 2021. Any income tax liability is also extended and is due on or before the same date according to the GTA Circular No 1...

13/04/21

QFTH announces second wave of incubation and acceleration programs

Qatar FinTech Hub (QFTH) has selected 22 start-ups and scale-ups to join the second wave of the incubation and acceleration programs.

QFTH has received over 500 applications from fintechs in different stages from more than 58 countries. The programs will be supported by Qatar Development Bank (QDB) and the key stakeholders with the aim to grow the FinTech ecosystem in the State of Qatar.

The...

11/04/21

Meeza contributes to the expansion of Mawared in Qatar

The Ministry of Transportation & Communications (MoTC) signed an agreement with Meeza to expand Mawared, the strategic e-Government program, recently.

Meeza, a Qatar Foundation joint venture, is an established end-to-end managed IT services provider based in Qatar with the intention to contribute to the digital transformation in the country and to be the leading solutions provider in the Middle...

08/04/21

Discussion on the updates in the tax system in Qatar

As indicated before, Qatar is getting ready to implement a Value Added Tax (VAT) and companies in the country need to be ready for it.

Qatar’s annual tax update was the topic of a recent webinar hosted by experts and specialists. The event explored VAT and other indirect taxes, electronic invoicing, digital tax enablers, corporate income tax and transfer pricing updates.

Also, it highlighted...

06/04/21

Qatar Stock Exchange launches Venture Market for SMEs

The Qatar Stock Exchange (QSE) launched a Venture Market, a platform for small and medium enterprises (SMEs) to list their shares in the stock market, recently.

Referred to as the Qatar Exchange Venture Market (QEVM), the program is a joint initiative between the QSE and Qatar Development Bank...

04/04/21

Business Start Up Qatar announces new collaboration with Train Effective

Business Start Up Qatar is pleased to announce the formalization of the collaboration and cooperation with Train Effective in the State of Qatar.

Train Effective allows players to train like a pro – anytime, anywhere. The application is a world-class sports academy in your pocket which gives the whole world access to coaching resources that were once available...

01/04/21

Qatar and United Kingdom explore bilateral trade and investment opportunities

The Qatari Businessmen Association (QBA) recently met a delegation of United Kingdom Government Trade & Commerce officials.

The meeting is in line with the long-standing relations between the two countries and how the partnership continues to grow. The discussions focussed on ways to increase investment and to facilitate collaboration and cooperation...

31/03/21

Barzan Holdings building long-term security and being part of 2022

Barzan Holdings was recently announced as a partner for the 2022 FIFA World Cup Qatar.

According to the Ministry of Defense (MoD), Barzan Holdings will implement an anti-drone system for the event. It will test and evaluate unmanned anti-aircraft systems with the mandate to identify the system best suited for the operational requirements and the technical...

30/03/21

Businesses in Qatar to focus on protection and privacy of personal data

The protection and privacy of personal data is the responsibility of businesses in Qatar. More and more people are aware of the relevance of their personal data and the value it holds and intend to avoid any use, abuse or misuse by businesses.

The importance of privacy and its challenges for SMBs and SMEs were the theme of a webinar hosted by the Ministry of Transport & Communication...

29/03/21