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CEO FOREWORD

Dear Colleagues,

As we conclude another month, it's time to reflect on the progress and achievements we've made together during this period. Staying true to our commitment, we have marked the month of June with milestones, strategic partnerships, and a steadfast dedication to excellence.

One of our proudest achievements is receiving the ISO certification for Processing Immigration Services. This prestigious recognition underscores our unwavering dedication to delivering exceptional service and highlights our core value of customer focus. Additionally, we have registered over 40 firms this month, bringing the total number of new firms registered in the first half of the year to over 500. This achievement not only highlights our growing community but also reflects the trust that businesses place in us.

Our partnerships have also flourished. We signed a Memorandum of Understanding (MoU) with Masraf Al Rayan, formalising a collaboration to foster innovation and support the growth of the fintech and digital assets sectors. We also entered an MoU with the Canada Arab Business Council (CABC), establishing a framework to promote trade and investment between Canada and the Arab world through joint initiatives, knowledge sharing, and strategic support.

Our CEO Roundtable was a key highlight as well, bringing together industry leaders to discuss the current landscape, challenges, and opportunities for growth in the insurance sector. This event showcased, once again, our commitment to facilitating meaningful dialogues and driving sectoral development.

We also hosted a Family Office Breakfast Roundtable in Canada, aiming to present Qatar's unique qualities and QFC's business structures, which are ideal for high-net-worth individuals and family offices to attract wealth and investment to the country.

Our Wellness Day, held in partnership with Elegancia Healthcare, emphasised our dedication to promoting wellbeing within our community as part of our holistic approach to fostering a supportive and healthy work environment.

As we transition into the second half of the year, our collective efforts and shared vision will continue to drive us towards even greater achievements. Thank you for your unwavering support and dedication.

Sincerely,

Yousuf Mohamed Al-Jaida

Chief Executive Officer, Qatar Financial Centre

We are proud to welcome 42 new firms to the QFC platform during June 2024
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QFC News Highlights

Qatar PMI: Upturn in business conditions gains momentum in May

QFC and QSTP sign workflow agreement to facilitate business establishment in Qatar

Masraf Al Rayan and Qatar Financial Centre Authority Sign Memorandum of Understanding

QFC and The View Hospital Champion Employee Health with Joint Wellness Initiative

QFC Receives ISO Certification for Processing Immigration Services

QFC and CABC Forge Strategic Alliance to Drive Sectoral Development and Innovation

Business News Highlights

Qatar: Islamic banks’ assets grew 6.3% in last five years

Qatar non-energy sector remains resilient; GDP growth may rise to 2.9% in 2025: ICAEW

Qatar ranks 4th globally in economic performance

QCB launches ESG, sustainability strategy for financial sector

Qatar Central Bank issues treasury bills, Islamic sukuk worth $686mln

Total assets of commercial banks rise to QR1.96 trillion in April

GCC banks have more liquidity than global rivals: QNB

GCC to lead the Mena region in mergers and acquisitions transactions in 2024

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