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The latest market trends, news updates and our latest events. All what you missed from the previous month and more.

CEO FOREWORD

Dear Colleagues,

December has been another productive month for QFC. We welcomed 41 firms to our platform, our highest monthly record in 2021, and forged significant partnerships with Qatar Development Bank and Qatar Research Development and Innovation. These are key organisations that, through collaborations, will enable us to attract more investments into Qatar and open strategic opportunities for our firms to grow their business.

Our engagement calendar has also been dynamic this month. We hosted five events and participated in eight local and international events, including the Seventh Edition of MED – Rome Mediterranean Dialogues; WISE 2021, QDB Investment Forum 2021, Islamic Capital Market Summit 2021; The State of Play of International Financial Centers: Collaboration or Competition; and Forbes Middle East Digital Qatar Symposium & Awards 2021.
With a successful final month in 2021, I am pleased that QFC is entering the new year with buoyant optimism and growing opportunities.. 

This year, we introduced 282 firms from over 60 countries to the Qatari market, bringing with them innovative solutions, knowledge, skills, and jobs, enriching the local workforce and business ecosystem. Significantly, many of these firms operate in the Financial, Digital, Sport, and Media industries, testifying to our successful efforts to grow these QFC focus clusters.

Through 20 Memoranda of Understanding signed with relevant organisations in Qatar and different countries worldwide, we have further expanded our network, which means more avenues for our firms to venture into other markets and better support for businesses coming to and operating in Qatar. 

Furthermore, our engagement with the local and international business communities this year has been remarkable, having hosted 50 events and participated in over 70 local and international events.

We will embark on 2022 with even higher aspirations, and I am confident that as we have done before, we will reach the ambitious target we set. 

Yousuf Mohamed Al-Jaida

Chief Executive Officer, Qatar Financial Centre

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Welcome to the QFC Community

We are proud to welcome 41 new firms to the QFC platform in December 2021.

Behind The Business

Behind Dibsy - Online Payments Start-Up in Qatar

Don’t miss out on our first episode of Behind the Business season 2, featuring Dibsy, a start-up established out of the dream to change Qatar's way of making payments. Watch now to learn all about Dibsy's journey of establishing a QFC registered start-up in Doha.

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Business News Highlights

Local Business News Highlights

Amir approves general budget for fiscal 2021

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Qatar is moving forward with its labour Laws reforms: Minister

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Cabinet nod to 100 per cent non-Qatari ownership of capital of 4 banks

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Qatar CPI jumps 6 per cent year-on-year in November: PSA

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Qatar’s foreign trade stands at QR36.8 billion, up 80.4 per cent y-o-y in September 2021

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BVMW signs MoU with IPA Qatar to open representative office in Doha

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IPA Qatar, QRDI join forces to advance research, development and innovation

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Qatar seen set to enhance soft power as regional trade finance hub

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Qatar among the biggest adopters of cloud in region

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Global fintechs explore growth opportunities in Qatar

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Demand for manpower surges as Qatar's economy reopens

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PwC EXPANDS OFFICE in Qatar

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International Business News Highlights

PPP project value exceeds $223 billion in MENA

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GCC banking regulations to remain stable in 2022: Fitch

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JPMorgan says 2022 to see full global recovery

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Global executives upbeat about 2022 despite COVID variants and inflation risks

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IOM marks International Migrants Day in Qatar with partners 


Approximately 281 million people – 1 in every 30 – were migrants in 2020, representing 3.6 per cent of the global population. On 20 December 2021, the International Organization for Migration (IOM) Mission in Qatar, in partnership with the Government of the State of Qatar, organised an event titled 'International Migrants Day: Success Stories from Qatar' to celebrate International Migrants Day. The event highlighted the labour reform initiatives launched by the government of the State of Qatar concerning migrant workers and the achievements it has made in line with the UN Sustainable Development Goals and the Global Compact for Migration objectives.

UN Network Briefing for Member States in the Arab region on the International Migration Review Forum.


On 30 November 2021, the UN Network on Migration held a briefing to serve the interests of Member States. Building on the 19 October briefing by the Coordinator of the Network, it informed members of the roadmap to the IMRF, how they can best prepare for it, and where and how the Regional and National Networks on Migration can support these efforts. With more than 116 participants in the briefing, member States had the opportunity to engage, share lessons learned, and plan for upcoming events.

 

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