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CEO FOREWORD

Dear Colleagues,



With our feet now firmly planted in 2023, it is clear from all indicators that the year ahead holds plenty of opportunities.


It’s a sentiment echoed by the recent FDI Intelligence report, ‘FDI Standouts Watchlist 2023’, which listed Qatar first among 50 of the world’stop destinations for foreign direct investment (FDI). It’s a promising and encouraging statement that is further supported by the data gleaned from QFC’s latest Purchasing Managers’ Index (PMI™), which confirms that, overall, 2022’s Output Index trended at 69.0, far outperforming the long-run trend of 54.8, and making it the highest annual figure in the survey’s history.


The optimism in Qatar’s resilient economy, along with the global goodwill garnered by hosting a successful FIFA World Cup Qatar 2022™, indeed strongly positions QFC to continue with our mandate to attract investments in vital sectors in line with Qatar’s 2030 National Vision diversification strategy.


With this in mind, we continue our endeavour to engage with the global community, expand our network and explore prospects of cooperation and potential business opportunities. We were thus pleased to participate in the 53rd World Economic Forum (WEF) held from


16- 20 January 2023 in Davos, Switzerland, where we highlighted QFC’s efforts to attract, explore prospects with, and present opportunities to, corporates, executives, and finance and economic leaders interested in establishing businesses in Qatar. The QFC also met with the Atlantic Council delegation to discuss bilateral collaboration.


Collaboration, as we know, is a key enabler of problem-solving, innovation and achieving goals. As such, we recently organised the Qatar Financial Market Forum, a joint effort between the QFC and Bloomberg Intelligence, providing an excellent platform to experts and stakeholders to discuss the role the banking sector plays in translating sustainability goals to reality.


Such events underline QFC’s continued commitment to providing platforms that facilitate the sharing of expertise, ultimately supporting economic development and the diversification of Qatar’s economy.


Moving forward, we will concentrate on sectors of focus for the State of Qatar, with the aim of developing local capital markets, introducing new financial products, and developing modern digital platforms in line with the global digital best practice and standards followed in the financial sector.


On a final note, we welcome the official appointment of Nasser Al-Taweel as Deputy Chief Executive Officer and Chief Legal Officer, and Sheikha Alanoud Bint Hamad Al-Thani as Deputy Chief Executive Officer and Chief Business Officer, in alignment with QFC’s employment strategy and our implementation of a corporate succession plan.


Indeed, 2023 looks set to be a year of opportunities, and whether one chooses to uncover them or create them, we remain committed to helping you to seize them.



Sincerely,

Yousuf Mohamed Al-Jaida

Chief Executive Officer, Qatar Financial Centre

We are proud to welcome 24 new firms to the QFC platform in January 2023
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QFC News Highlights

QFC Holds Qatar Financial Market Forum On Debt Capital Market And Sustainable Financing

FIFA World Cup Qatar 2022TM boosts retail and services sectors in December

QFC Announces Appointment of Deputy Chief Executive Officers

Local Business News Highlights

Total assets of Qatar’s banking sector rise 0.9% to QR1.845 trillion

Circular economy in Qatar to yield additional $17 bn by 2030, says IPA Qatar

World Bank forecasts Qatar’s economy to grow at 3.4% in 2023

Qatar's budget balance to GDP forecast at 15.4 this year, 10.6 in 2024

Qatar’s trade surplus surges 10% to QR28.2 bn in Dec 2022

Qatar becomes Credit Suisse’s second-largest shareholder after pumping up stakes

QCB grants license to fifth company to provide electronic payment services in Qatar

S&P, Moody’s confirm Qatar’s rating at AA with positive outlook

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World economy walks tightrope between recession, soft landing

Green bonds market to spearhead GCC net zero agenda, says expert

Global Sukuk’s slump to slow but not stop in 2023

GCC fiscal positions to remain robust in 2023, Moody’s says

Global economic growth near lowest in recent decades, says UN report

HRTech M&A value pushing $11 billion going into 2023

Energy demand expected to rise 22% by 2050: GECF Outlook

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