Tagged: qatar

June 1, 2021 @ 11:21 pm By Omar Faridi  |  

Qatar-headquartered Fintech firm Dibsy has acquired $300,000 through a pre-seed round that was led by Salem Khalaf Al Mannai along with participation from several angel investors. Dibsy’s management reveals that their investment round was finalized in late 2020. The Dibsy team notes: “Our brand is… Read More

May 30, 2021 @ 2:34 pm By Omar Faridi  |  

Total trade volume between Qatar and the United Kingdom reportedly reached £7 billion last year, even though there were restrictions in place (partly due to COVID). The strong trading activity is also being reported after various challenges related to the pandemic and resulting socioeconomic uncertainty,… Read More

March 26, 2021 @ 10:55 pm By Omar Faridi  |  

Qatar’s Islamic or Sharia-compliant Fintech sector is on track to record significant growth in the next 5 years, according to local sources. As digital transformations accelerate Islamic finance ecosystems worldwide, we are happy to share with you the Global Islamic Fintech Report 2021 produced by… Read More

March 20, 2021 @ 7:03 pm By Omar Faridi  |  

The Qatar Development Bank (QDB) and M7, a creative start-up hub that’s operated under Qatar Museums, are introducing Scale7, which is a business incubator for MENA region entrepreneurs. Scale 7 aims to support a creative and artistic ecosystem. The initiative will help Qatari entrepreneurs, local… Read More

March 8, 2021 @ 10:59 pm By Omar Faridi  |  

Fintech industry experts from Qatar and Bangladesh recently talked about potential opportunities in the financial services sector during a webinar.  Bangladesh Forum Qatar (BFQ) had organized the webinar on “An Exploration of the Qatar – Bangladesh Startup and Fintech Opportunities” along with assistance from the… Read More

January 10, 2021 @ 5:11 pm By Omar Faridi  |  

Qatar-based Fintech firm Cwallet has finalized a $220,000 pre-seed investment round from its founders and MBK Holding, the company’s CEO has confirmed. Michael Javier, who’s also Co-founder at Cwallet, noted that the Fintech company is now working cooperatively with the Qatar Central Bank (QCB) in… Read More

December 14, 2020 @ 10:49 pm By Omar Faridi  |  

The US-Qatar Business Council (USQBC), the Silicon Valley Forum and the Embassy of the State of Qatar in Washington DC recently held a discussion during a virtual event on December 8, 2020, titled “Qatar in Focus: Smarter Countries & Thriving Communities in the Digital Age.”… Read More

November 22, 2020 @ 3:03 pm By Omar Faridi  |  

Qualified or eligible Fintech firms interested in establishing operations at the Qatar Financial Centre (QFC) could save around $10,000 as the QFC gets ready to launch its “Tech Talk” series. Henk Jan Hoogendoorn, MD at the Financial Sector Office at the QFC, noted earlier this… Read More

November 9, 2020 @ 5:42 pm By Omar Faridi  |  

Qatar’s private sector is now ready to work cooperatively with US-based companies and businesses, according to Qatar Development Bank CEO Abdulaziz Bin Nasser Al Khalifa. As previously reported, the Qatar Development Bank (QDB) offers financial services, banking, and loans to support the development of the… Read More

October 27, 2020 @ 11:18 pm By Omar Faridi  |  

Abdulaziz Bin Nasser Al Khalifa, the CEO at Qatar Development Bank (QDB), which offers financial services, banking, and loans to support the development of the nation’s economy, has said that changing mindsets regarding entrepreneurship is “critical to growth.” QDB plans to help both government employees… Read More

October 15, 2020 @ 6:35 pm By Omar Faridi  |  

Qatar is now well-positioned to provide a test-bed for creating business-to-business (B2B) Fintech solutions. The Middle Eastern nation has introduced its National Vision 2030 Strategy, which includes several Fintech-focused projects that should help with expanding and diversifying Qatar’s economy. Qatar’s financial technology sector has been… Read More

October 8, 2020 @ 11:08 pm By Omar Faridi  |  

Qatar’s economy appears to be performing a lot better than other MENA region countries because it has launched many projects that have helped establish different types of businesses that generate significant revenue. Qatar has also managed to overcome the political tensions and has found new… Read More

October 5, 2020 @ 11:31 pm By Omar Faridi  |  

AsiaMoney Magazine has selected Qatar’s Commercial Bank as the nation’s “Best Digital Bank” for 2020. Commercial Bank’s management noted: “Spearheading the digital innovation scene in the country, and more particularly in the financial and banking sector, Commercial Bank never ceases to launch state-of-the-art banking services… Read More

September 28, 2020 @ 9:45 pm By Omar Faridi  |  

Fintech firms in Qatar are focused on improving the customer experience by providing more accessible financial services. Fintech solutions providers are helping with enabling greater financial inclusion, lower operational costs, and offering better security for applications, according to Burak Zatiturk, the Financial Services Leader at… Read More

September 18, 2020 @ 8:43 pm By Omar Faridi  |  

The Qatar Financial Center Regulatory Authority (QFCRA) recently revealed that it will be migrating its online services to the Microsoft Cloud in order to move forward with its digital transformation strategy. The move to Microsoft Cloud comes after the Middle Eastern nation’s Ministry of Transport… Read More

September 9, 2020 @ 10:25 pm By Omar Faridi  |  

Payments giant Mastercard has teamed up with the Qatar Development Bank (QDB) in order to support the ongoing development of the nation’s Fintech sector. Through the partnership, Mastercard and QDB will support the Qatar Fintech Hub (QFTH), which is a technology ecosystem that aims to… Read More

August 24, 2020 @ 10:04 pm By Omar Faridi  |  

Qatar has been ranked or classified as a high-income economy by the World Bank. Although the Middle Eastern country only has a GDP of around $200 billion (a lot less compared to many trillion-dollar economies), it’s home to just over 2.7 million people so the… Read More

August 14, 2020 @ 10:41 am By Omar Faridi  |  

  The Qatar Fintech Hub (QFTH), which supports financial technology service providers in Qatar and globally, confirmed recently that it has received applications from companies that are interested in establishing their operations in the Middle East. These companies are looking for a launch-pad or accelerator… Read More

August 9, 2020 @ 12:00 pm By Omar Faridi  |  

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly open to exploring potential investment deals from Qatar. According to a BSP representative, these deals will focus on digital banking and Fintech projects. Arifa A Ala, the MD at BSP, noted that… Read More

August 6, 2020 @ 11:51 pm By Omar Faridi  |  

Qatar has substantial capital that has been invested by local entities into the nation’s economy, which is more diversified than most other countries in the Middle East. However, foreign direct investment (FDI) may still serve a key role in developing the nation’s knowledge-based economy and… Read More