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CEO FOREWORD

Dear Colleagues,

QFC has entered the new year from a position of strength, following our most successful year to date. In 2024, we achieved a remarkable 156% increase in registrations compared to the previous year, welcoming 836 new firms. Beyond this growth in numbers, we also made significant progress in advancing our targets for key industries. In January, we built on this growth by welcoming 36 firms.

Early in 2025, we extended our reach beyond Qatar’s borders, showcasing our value proposition and the benefits of investing in Qatar to leading businesses at the World Economic Forum Annual Meeting in Davos, Switzerland. We hosted a networking breakfast for key business leaders and took part in panel discussions exploring various topics, such as Qatar’s innovation ecosystem and the impact of emerging technologies on industries, sustainability, and economic growth.

Locally, our first significant engagement with the business community this year was a webinar introducing the launch of the Financial Sectoral Skills Study, an initiative we are leading in collaboration with the Ministry of Labour, the International Labour Organization (ILO), and Hamad Bin Khalifa University. This study aims to assess current and future skills gaps in the financial sector, aligning with the Third National Development Strategy (NDS3) to build a future-ready workforce. Following the webinar, we conducted a workshop to support a survey as part of the study.

We have started 2025 on the right footing, and as we move forward, we remain committed to building on our successes, reaching new milestones, and seizing the opportunities that lie ahead.
 
Sincerely,

Yousuf Mohamed Al-Jaida

Chief Executive Officer, Qatar Financial Centre

We are proud to welcome 38 new firms to the QFC platform in January 2025
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QFC News Highlights

QFC celebrates remarkable year of growth

Qatar’s non-energy private sector companies had strong end to 2024

Business News Highlights

Qatar commercial banks’ assets surge by 4.3% to $549 billion

Qatar’s GDP poised to hit QR791 billion by year-end

Qatar’s trade with GCC up 64% in 2024

Qatar’s $2.5 billion green bonds fund enhances renewable energy and infrastructure

Qatar’s cybersecurity market to see revenue of $143 million in 2025

MENA startup funding ends year on the rise

GCC bond issuances hit record $103 billion in 2024

GCC’s FDI landscape set to witness more vibrancy

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PWC market trends

PwC

In its latest report "The case for sustainable finance" series, PWC explores the opportunities of establishing a common framework for the region. As the world moves toward inclusive and resilient financial systems, the GCC can set a powerful example through collective action and a unified approach to sustainability.
IMF

IMF

The World Economic Outlook Update (January 2025) by the IMF highlights global economic growth stagnating at 3.3%, with divergent regional trends. The U.S. economy remains strong, while Europe and China slow down. Inflation is declining, but policy uncertainty and geopolitical risks pose challenges. Central banks are cautiously adjusting policies, and trade tensions continue to impact global markets.

QNB

QNB

In its weekly commentary, Qatar National Bank (QNB) has linked changes in US Treasury bond yields to the economic performance of the United States, suggesting that these bonds provide insights into market sentiment regarding the overall health of the US economy and its future trajectory.
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