Tagged: qatar

Qatar Now Ranked 2nd in MENA Region for Early-Stage Entrepreneurial Activity as Fintech Sector Expected to Grow Rapidly

Randy Rivera, Executive Director of FinTEx, a member-led community focused on promoting innovation and collaboration within Fintech in Qatar and the MENA region, has said that his organization continues to work with international financial services industry participants. During a June 23, 2020 virtual panel discussion… Read More

Qatar Financial Center to Launch “Fintech Circle,” a Co-Workspace for Qualifying Financial Technology Firms Free of Charge for a Year

The Qatar Financial Center (QFC) Authority, a business and financial center based in Doha, recently confirmed that it remains focused on becoming a major hub for Fintech in the MENA and South Asia region. The Middle East region’s Fintech sector reportedly saw global investment increase… Read More

Qatar Aims to Serve as Fintech Hub for Middle East, will Support US Investments in the Region, Industry Profesionals Confirm

Fahad Al Dosari, Commercial Attaché for the Embassy of Qatar in the US, has argued that the Middle Eastern financial hub is one of the world’s most stable economies. Dosari, whose statements came during a virtual panel discussion that covered Qatar’s evolving Fintech sector and… Read More

Qatar Fintech Hub to Support Global Financial Services Providers with Establishing Operations in Middle Eastern Country

The Qatar Fintech Hub (QFTH), co-founded by Qatar Development Bank (QDB), is planning to encourage and support multinational Fintech firms to establish operations in the Middle Eastern country. The QFTH noted during a recent meeting that it’s working with several global Fintech hubs. The organization’s… Read More

The “Future Is Bright” for Qatar’s Fintech Firms that can Survive COVID-19 and Partner with Incumbents, According to Financial Services Professional

Fintech adoption in Qatar is on the rise, as more consumers are making digital or online payments, instead of using cash due to COVID-19. The nation’s residents have been asked to follow safe distancing measures in order to prevent the further spread of the Coronavirus…. Read More

Qatar Central Bank Is “Actively Working” on Fintech Initiatives, and Exploring Blockchain Use Cases

Qatar’s central bank (QCB) has proposed a second strategic plan which involves establishing clear policies that aim to support venture capital funding and the development of SMEs, according to Sheikh Abdulla bin Saoud al-Thani, the governor at QCB. The Qatar Development Bank (QDB), a local… Read More

Fintech: The Gulf Cooperation Council (GCC) Region May Experience Significant Increase in the Use of Financial Technology Platforms Due to COVID-19

The Gulf Cooperation Council (GCC), an intergovernmental political and economic union consisting of the Arab states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, is expected to experience a significant increase in the use of Fintech platforms and services. The anticipated… Read More

Digital Banking: Qatar’s Commercial Bank Introduces Employee Payment Card for Online Transactions, Remittances

Qatar-based Commercial Bank revealed on April 12, 2020, that it’s launching two new products that offer digital payment and remittance solutions. Joseph Abraham, Group CEO at Commercial Bank, confirmed during a video press conference that the bank has introduced the “CB Household Worker PayCard,” which… Read More

Fintech: An Increasing Number of UK Financial Technology Firms are Establishing Operations in Doha, Qatar

An increasing number of UK Fintech firms are establishing operations in Doha, the capital city of the Middle Eastern country of Qatar. Financial technology companies are setting up their businesses in the country after it introduced progressive investment laws and regulations, according to an official… Read More

UK Plans to Support Qatar in Becoming Major Fintech Hub, Says Lord Mayor of the City of London

William Russell, the Lord Mayor of the city of London, noted recently that the UK is planning to support Qatar in becoming a leading financial technology (Fintech) hub in the Middle East. Russell praised the new legislation and regulations being developed by the Qatari government… Read More

One of Qatar’s Largest Commercial Banks, Doha Bank, Launches New Digital Banking Funds Transfer Service

Doha Bank, one of Qatar’s largest commercial banks (incorporated in 1978 and began offering its services in Doha, Qatar in March 1979), has confirmed the official launch of its domestic and cross-border funds transfer digital service for corporate customers. The domestic and international funds transfer… Read More

Qatar Financial Center Records 33% Growth with Over 800 Fintech, IT, Tax, and Investment Consulting Firms Now Part of the Organization in 2019

The Qatar Financial Center (QFC), one of the largest and fastest-growing business and financial centers in the Middle Eastern country, ended 2019 with a significant 33% growth, as nearly 200 companies registered on QFC’s platform. The number of firms establishing operations out of the QFC… Read More

Report: “Virtual Asset Services” Banned in Qatar

International Investment (II) is reporting that Qatar’s financial regulator, the QFC, has banned the use of cryptocurrencies in the region. The ban appears to be comprehensive. It covers, “anything of value that acts as a substitute for currency, that can be digitally traded or transferred… Read More

Qatar Central Bank’s Governor Reveals Country is Developing Nationwide Fintech Strategy for Banking Sector

H.E. Sheikh Abdulla bin Saoud Al Thani, Governor of Qatar Central Bank (QCB), revealed on December 8 that the nation’s central bank is in the process of developing the banking sector’s Fintech strategy. Qatar’s Fintech strategy is being created in cooperation with local financial institutions… Read More

Qatar Financial Center Expands Number of Licensed Fintech Activities, Releases New Rules and Guidance

The Qatar Financial Centre (QFC) has expanded the number Fintech-related activities that will be awarded licenses and the agency plans to extend support to an increasing number of financial services firms through the QFC platform, according to a release. QFC states: “Under new rules and… Read More

Innovation Theater – QITCOM 2014

The Innovation Theater 2014 is a platform and a launching pad for a new & unique ICT startups. It is positioned as a hub for all digital entrepreneurs to network, learn and share the latest digital innovations, experience, success stories and promote ICT entrepreneurship. Digital… Read More

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