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Dear Colleagues,


I am delighted to share with you the QFC’s notable achievements during the month of May, a period marked by our active engagement in a series of prestigious events and collaborations.


One of the highlights of the month was the successful hosting of the QFC's inaugural Family Business Community Retreat. The prestigious event saw the participation of over 100 of the world’s distinguished family business leaders, along with their next generation, as well as industry experts. With great success, we fostered an engaging and secure environment throughout the Retreat, allowing our esteemed guests to delve into critical discussions on the sustainability and growth of family businesses. Additionally, we took the opportunity to showcase our extensive range of solutions designed specifically for family enterprises.


In addition to the successful hosting of the Retreat, we also had the privilege of hosting the highly acclaimed IFN Qatar Dialogue 2023 in collaboration with Hamad Bin Khalifa University (HBKU) and IFN News. The event brought together prominent leaders, industry experts, and key stakeholders from the Islamic finance sector and explored the ever-evolving landscape of Islamic finance and untapped opportunities within Qatar's dynamic market.


Furthermore, we partnered with Golden Gate Ventures to host a contingent of 12 top Southeast Asian startups at an exclusive roundtable. This collaborative effort aims to strengthen the Southeast-Southwest Asia Golden Corridor by fostering meaningful connections between startups, investors, and industry experts.


In line with our objective of attracting foreign direct investment, the QFC participated in the Canada Arab Business Council Annual Business Forum held in Canada, contributing to the discussions around potential investment opportunities in Qatar.


We seized opportunities to participate in prominent global events taking place in Qatar, such as the highly regarded Qatar Economic Forum. At the Forum, we had the privilege of engaging in an in-depth discussion themed 'The Future of Foreign Direct Investment in Challenging Economic Times' alongside distinguished speakers. We leveraged the Forum's global platform by engaging in B2B meetings, fostering valuable connections and facilitating insightful discussions among industry leaders.


We also utilised the sidelines of the Forum to sign two significant Memoranda of Understanding that underscore our commitment to fostering cross-border opportunities, knowledge exchange and innovation. The first MoU was signed with Labuan IBFC Inc, a well-regarded international business and financial centre, and the second was signed with Mastercard, a global leader in payment technology/


Additionally, we took part in the MENA Insurtech Summit 2023, an event that brings together leaders, venture capitalists and top startups from the MENA region. Besides being the sponsor of the event, we also participated in one of its panel discussions. Similarly, we were invited to be one of the panel speakers at the Google Cloud Region Launch event, demonstrating the QFC's authority on topics relating to the financial industry.


Last but not least, we collaborated with Qatar Leadership Center and Qatar University’s College of Business and Economics to help educate the university's MBA students. We hosted the students for a workshop, giving them a comprehensive overview of the QFC's business ecosystem, its functions and how it contributes to Qatar's economic growth.


The QFC will remain committed to driving innovation, fostering partnerships, developing talents and propelling Qatar's financial sector to new heights. I extend our gratitude to everyone for your hard work. Let us look forward to a future filled with even more remarkable achievements.



Yousuf Mohamed Al-Jaida

Chief Executive Officer, Qatar Financial Centre

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

Non-energy growth accelerates further in May

QFC and Golden Gate Ventures Host SEA Startup Contingent to Strengthen Southeast-Southwest Asia Trade Corridor

QFCA And Labuan IBFC Inc. Sign Agreement to Boost Economic and Financial Sector Ties

QFC and Mastercard Collaborate to Boost Development of the Financial Services Industry

Local Business News Highlights

Qatar boasts lowest unemployment rate in the world: report

Qatar 3rd fastest rising country in the Global Innovation Index 2022

Qatar's core inflation remains relatively lower than many countries: IMF

Qatar achieves QR19 bn budget surplus in 2023 Q1: Finance Minister

QCB issues treasury bills, Sukuk worth QR23bn in May

Qatar’s government debt to fall to 27% of GDP by 2026: S&P

QSE-listed firms report total net profit of QR12.54 bn for Q1 2023

Qatar records 4.75% increase in interest rates since January 2022

International Business News Highlights

GCC drives global Islamic finance growth to $3tr

GCC Bonds and Sukuk issuances slump 22pc in Q1 to $28.3bn

Trade Credit Insurance Market to be Worth $22.13 Billion by 2030

FinTech revenue in Mena region and Pakistan could triple to $4.5bn by 2025: McKinsey

Global economy poised for 'weak' 3pc growth: IMF

IMF Warns G20 Crypto Could Impact Banks

Cryptocurrency regulations and limitations in the GCC: The importance of identity verification and compliance measures

Global banks step up on FinTech collaborations to cut costs, pursue innovation

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World Trade organization

World Trade Organization

Global Trade in Goods May Improve in the Second Quarter of This Year

The World Bank

World Bank Projects 26% Drop in Energy Prices, 21% in Commodity Prices


IMF says inflation to slow growth across Mideast this year
PWC market trends


Non-energy sector recovery in GCC aided by tourism in Qatar and Saudi Arabia
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