CEO Foreword
Dear Colleagues,
February has been another productive month for the QFC with regard to advancing our agenda in facilitating Qatar's economic diversification, empowering youth and helping create a sustainable future.
We participated in this year's US- Qatar Strategic Dialogue, a platform that addresses various international issues impacting economic growth, such as regional stability, climate change and economic cooperation. On the sidelines of the event, we signed a Memorandum of Understanding with the American Chamber of Commerce Qatar (AmCham Qatar) to enhance bilateral trade and investment relations between the US and Qatar.
Potential activities emerging from this agreement will help promote the QFC as an ideal financial and business platform for American companies interested in doing business in Qatar and help advance our common goal of enhancing trade and investment relations between the two countries.
As a part of our annual agenda, we joined industry leaders at the 7th CEOs & Islamic Financial Leaders Roundtable, which discussed the development of Islamic Sukuk Hub, Qatar's Fintech Strategy and Bank Climate Action.
The fulfilment of these national programmes will catapult Qatar as a global leader in sustainable financial services, a position that we have long envisioned for the country. Our participation affirmed our commitment to this growth direction and allowed us to share our insight on the outlook of Islamic finance while opening opportunities to network with key stakeholders in the industry.
In line with our commitment to empower youth and help shape future leaders, we hosted a discussion session in collaboration with Qatar National Library under its Read to Lead initiative. During the session, team leaders from the QFC shared with the participants, coming from various fields, their hands-on experiences and insights on leadership.
Perhaps the most momentous activity we had in February was the signing of a lease agreement with Qatari Diar, signalling our move to Lusail, a burgeoning destination for local and foreign businesses. Our relocation to this smart city places us in a strategic location with state-of-the-art infrastructure and amid thriving businesses, expanding our field for networking and creating opportunities for collaboration.
With our consistent efforts and proven dedication to our core objectives, I expect our momentum to continue throughout the year.
Sincerely
QFC News Highlights
Qatar & Global Insights Hub
Local Business News Highlights
Qatar ranks first globally for superior digital govt services
Qatar ranks first globally for superior digital govt servicesQatar a future trading hub
Qatar a future trading hubQatar-US trade hits $9.46 bn
Qatar-US trade hits $9.46 bnQCB grants license to fifth company to provide electronic payment services in Qatar
QCB grants license to fifth company to provide electronic payment services in QatarQatar-France bilateral trade over $1bn annually since 2014
Qatar-France bilateral trade over $1bn annually since 2014E-commerce industry estimated to grow by 10.6 percent y-o-y
E-commerce industry estimated to grow by 10.6 percent y-o-yRetail industry witnesses sharp growth in Q4 2022
Retail industry witnesses sharp growth in Q4 2022Lesha Bank posts QR75.5mn net profit in 2022
Lesha Bank posts QR75.5mn net profit in 2022Six from Qatar feature among Forbes Middle East's 100 most powerful businesswomen
Six from Qatar feature among Forbes Middle East's 100 most powerful businesswomenQatar Consortium Confirms Bid For Total Control Of Manchester United
Qatar Consortium Confirms Bid For Total Control Of Manchester UnitedInternational Business News Highlights
Global inflation will remain higher than pre-pandemic levels
Global inflation will remain higher than pre-pandemic levelsGlobal debt sees first annual drop since 2015: IIF
Global debt sees first annual drop since 2015: IIFGreen bonds market to spearhead GCC net zero agenda, says expert
Green bonds market to spearhead GCC net zero agenda, says expertGlobal Sukuk’s slump to slow but not stop in 2023
Global Sukuk’s slump to slow but not stop in 2023ICT spending in region to top $233bn this year (tradearabia.com)
ICT spending in region to top $233bn this year (tradearabia.com)Fintech investment likely to stay subdued
Fintech investment likely to stay subduedFintech investment likely to stay subdued
Fintech investment likely to stay subduedIMF: 15% of global growth in 2023 will be from India
IMF: 15% of global growth in 2023 will be from IndiaMarket Trends
Qatar's estimated 3.3% non-oil sector growth this year to be stronger than in 2021: Oxford Economics
Oxford Economics