CEO Foreword
Dear Colleagues,
It is with pleasure that I share with you a glimpse of our performance during this inaugural month of 2024.
In January, we witnessed the registration of 32 companies, a testament to the continued growth and vitality of our business ecosystem. This achievement not only reinforces our position as a preferred destination for companies seeking to thrive in the region’s dynamic market but also underscores our efforts to foster economic prosperity for Qatar.
Furthermore, we signed significant Memorandums of Understanding (MoUs), showing our dedication to driving impactful collaborations. Our agreements with EMRGO Solutions Limited, Meeza QSTP LLC, and Media City underscore our commitment to supporting capital market infrastructure development, fostering growth within the tech ecosystem, and facilitating the establishment of media companies in Qatar.
In addition to these accomplishments, we had the privilege of hosting two notable events that served as platforms for knowledge exchange and meaningful dialogue. The ‘Data Protection in the Age of AI Seminar’ provided valuable insights into best practices in data privacy and protection, while the second edition of our Qatar Financial Market Forum, organised with Bloomberg Intelligence, facilitated discussions on the evolving trends in emerging markets and in the sustainable infrastructure and mobility sectors. I am pleased to report that the forum attracted more participants this year, underscoring the value of this platform to our local business community.
As we face the new year, let us embrace the opportunities that lie ahead with optimism and determination. Together, we stand poised to achieve even greater heights of success and prosperity.
Sincerely,
QFC News Highlights
Qatar & Global Insights Hub
Local Business News Highlights
Qatar ranks third globally in ICT development
Qatar ranks third globally in ICT developmentQatar’s GDP growth to rebound by 2% in 2024: Fitch
Qatar’s GDP growth to rebound by 2% in 2024: FitchMoody's upgrades Qatar's rating to AA2, changes outlook to stable
Moody's upgrades Qatar's rating to AA2, changes outlook to stableQatar ranked among affordable tax-free countries in 2024
Qatar ranked among affordable tax-free countries in 2024Qatar ranked among affordable tax-free countries in 2024
Qatar ranked among affordable tax-free countries in 2024QCB foreign reserves increase 6.9% at end of 2023 to QR246 bn
QCB foreign reserves increase 6.9% at end of 2023 to QR246 bnSuccessful green bond issuances help Qatar emerge as sustainable finance leader
Successful green bond issuances help Qatar emerge as sustainable finance leaderInternational Business News Highlights
Global trade stabilised but no boom in sight for H1 2024 | The Peninsula Qatar
Global trade stabilised but no boom in sight for H1 2024 | The Peninsula QatarQNB forecasts 2.9% global economic growth in 2024 - Gulf Times
QNB forecasts 2.9% global economic growth in 2024 - Gulf TimesGulf economies to rebound in 2024 despite weak oil growth outlook - Reuters poll | Reuters
Gulf economies to rebound in 2024 despite weak oil growth outlook - Reuters poll | ReutersGCC growth to touch 3.6% in 2024: World Bank (tradearabia.com)
GCC growth to touch 3.6% in 2024: World Bank (tradearabia.com)Market Trends
IT company Cognizant in collaboration with Oxford Economics unveiled several intriguing findings from its recent economic impact research. The study anticipates that 90% of jobs could undergo disruption due to the introduction of generative artificial intelligence (AI).
Oxford Economics
The International Monetary Fund (IMF) has raised its outlook for global economic growth, with increases for both the US and China. The UN financial agency cited inflation easing more quickly than expected.
IMF
The World Bank report says that in real terms, food price inflation exceeded overall inflation in 71 per cent of the 165 countries where data was available.
World Bank