Digital transformation is a priority for key stakeholders in public and private sector

10/06/21

Qatar`s key stakeholders are implementing and updating their platforms to improve the experience of their clients and customers online in line with the acceleration of the digital transformation due to the pandemic.

Since 2017, the Qatar Financial Markets Authority (QFMA) has been embracing technology to simplify processes for investors and other stakeholders in the capital market of the State of Qatar. It offers 23 e-services through various portals and the digital transformation is an important part of the mid- to long-term plan. The most recent additions to the services include the possibility to nominate a person to the board of directors of a listed company, to launch appeals and to apply for a prefunding exemption.

Apart from that the QFMA has launched several other initiatives this year. In February, a new rulebook titled “Offering and Listing of Securities on the Financial Markets Rulebook” (PDF) was revealed and falls under its regulatory and supervisory role over the capital market of the State of Qatar. In March, the QFMA had issued new rules for the purchase of shares in listed companies.

The Qatar Financial Centre (QFC) was established in 2005 with the aim to enhance the growth of the country, to diversify the economy and to provide an attractive platform for enterprises to do business in the State of Qatar. Setting up a business in the QFC has never been easier due to the authorities’ digitisation. The QFC portal is the main mean of communication between the firms and the authority.

To meet the needs of its diverse base of investors, the Qatar Stock Exchange (QSE) has been continually updating the website and offers a comprehensive market data and analytics platform. It is prioritising and supporting the digitisation of environment, social and governance (ESG) data in cooperation with the most important partners.

Last year, the QSE introduced new features including a complete overhaul of the MarketWatch application in partnership with TradingView, a New York based company. The application offers company profiles, live prices, data analytics and order book updates. MarketWatch users can also access 53 different technical indicators, compare symbols and select time intervals or date ranges. For those on the go, real-time news and price alerts are available too.

Please click on the link and reach out to learn more about the digital transformation in the State of Qatar and the initiatives of Business Start Up Qatar.

Other News

BSUQ News 126 - Thumb

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”...

Read more
BSUQ News 125 - Thumb

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...

Read more
BSUQ News 124 - Thumb

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...

Read more
BSUQ News 123 - Thumb

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...

Read more
BSUQ News 122 - Thumb

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...

Read more
BSUQ News 121 - Thumb

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...

Read more
BSUQ News 120 - Thumb

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...

Read more
BSUQ News 119 - Thumb

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,...

Read more

Page Break