News

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Qatar ranks fourth globally in economic performance for 2024

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...

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04/08/24

Qatar’s Ooredoo launches MENA Digital Hub using NVIDIA AI

Qatar`s Ooredoo has tied up with NVIDIA to deploy artificial intelligence (AI) technology at data centres owned by the Qatari telecommunications giant across five Middle Eastern countries.

The deal signifies NVIDIA’s first large scale launch in the Middle East, setting a promising precedent for the future of AI technology in the region. It makes Ooredoo ...

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28/07/24

Qatar and Poland event promotes opportunities and expands relations

Qatar`s Ministry of Commerce and Industry recently revealed that the trade exchange between Qatar and Poland has grown by 80% over the past 5 years reaching QAR 4.73 billion (USD 1.3 billion) in 2023.

As a result, the Republic of Poland ranked as the 21st trade partner of Qatar in 2023. Furthermore, there are 38 Polish companies operating in the Qatari market, 32 of which are in partnership with...

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21/07/24

Qatar launches the Simaisma Project mega entertainment district

Qatar`s Ministry of Municipality recently launched the Simaisma Project, an initiative to be developed in line with Qatar’s National Development Strategy 2024-2030.

The development of the groundbreaking entertainment district will be led by Qatari Diar Real Estate Investment, who currently manage over 50 ongoing projects across 20 countries with a cumulative...

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14/07/24

Qatar reduces commercial service fees and ground rents

Qatars Ministry of Commerce and Industry (MOCI) has announced upto a 90% reduction of selected service fees for the commercial, industrial, business development and consumer protection sectors.

The new resolution aims to support and encourage national and foreign projects. In addition, it seeks to create an attractive commercial environment for investment. Most importantly, the new resolution falls...

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07/07/24

Qatar to host MENA Fintech Festival from December 3-5

Qatar will host the third edition of the rebranded MENA Fintech Festival set to take place from December 3-5 in Qatar focusing on Fintech and Financial Inclusion.

The change in name reflects the events expanded focus from a standard forum and exhibition into an authentic business to business (B2B) matchmaking platform and industry gathering. As a result, the transformation aims to combine great...

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30/06/24

Qatar private sector exports reach QAR 2.5b in Quarter 1

Qatars private sector exports in the first quarter of 2024 amounted to QAR 2.53 billion (USD 700 million), a 6% increase compared to QAR 2.39 billion (USD 660 million) in Q4 2023, figures released by Qatar Chamber revealed.

The report classified the data according to the type of certificates of origin issued by Qatar Chamber which showed an increase when...

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23/06/24

Invest Qatar partners with Deloitte to launch digital skills report

Invest Qatar in collaboration with Deloitte has launched a joint report titled ‘Qatar's Digital Frontier: Mapping the Future of Skills.’

The comprehensive study delves into the significance of nurturing digital skills as a fundamental pillar for expediting digital transformation and provides valuable insights...

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09/06/24

Qatars Government prioritising environment and biodiversity

Qatars government has introduced several environmental initiatives to preserve the ecosystem, recyle water and enhance biodiversity.

Such initiatives are nature based solutions (Nbs) and focus heavily on agriculture, which have resulted in the detailed preparation of maps to better understand areas suitable for use. These maps have also identified the types of trees and crops best suited to each...

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02/06/24

Qatar welcomes over 2 million visitors in first quarter 2024

Qatars Ministry of Tourism announced the State attracted over 2 million tourists in the first four months of 2024 during the recent Qatar Economic Forum.

The impressive figures were revealed during a panel discussion entitled ‘From the Gulf to the World: The Future of Tourism’ ....

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26/05/24

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