The round was led by Bicycle Capital and included new investors Qatar Investment Authority (QIA), BTG Pactual, Valor Capital Group, and others. Existing investors Kora, Hedosophia, Spice Expeditions, and Audeo Ventures also participated. The Series C was multiple times oversubscribed, reflecting strong institutional demand. With over $2 billion in total debt and equity raised, Plata has […]
Qatar Islamic Bank (QIB), Qatar’s leading Islamic Bank, has announced the results for the three months’ period ended 31 March 2026. Net Profit attributable to the Shareholders of the Bank amounted to QAR 986 Million for the three months’ period ended 31 March 2026. Total Assets of the Bank as at 31 March 2026 stands at QAR […]
Doha, Qatar: Snoonu has launched Snoonu Startup Factory, a new initiative designed to support and empower the next generation of founders and startups in Qatar and across the region. As part of this launch, the company announced its first investment; a $100,000 pre-seed investment in Sufra AI, a Qatar-based startup reimagining the dining experience through intelligent, […]
The Central Bank of the UAE and the Central Bank of Bahrain have signed a Dh20 billion (BHD2 billion) currency swap agreement aimed at strengthening financial cooperation, supporting trade in local currencies and enhancing regional monetary stability. The five-year agreement was signed virtually by Khaled Mohamed Balama, Governor of the Central Bank of the UAE, […]
QFC rises 14 places in the Global Financial Centres Index, ranking third in the MENA region Doha – Qatar Financial Centre (QFC), a leading onshore financial and business centre, recorded a 57 per cent year-on-year growth in the first quarter of 2026, with more than 800 new firms licensed from January through March. This performance reflects sustained business momentum and […]
Doha, Qatar – In a strategic move to strengthen Qatar’s entrepreneurial ecosystem and accelerate innovation, Namaa Social Incubator, one of the centers under the Qatar Foundation for Social Work, and Snoonu, Qatar’s leading technology platform, have signed a Memorandum of Understanding (MoU) aimed at empowering entrepreneurs and supporting the growth of emerging businesses. The partnership reflects […]
Doha, Qatar: Financial institutions are increasingly adopting modular platforms and application programming interface (API) based systems, enabling them to introduce new services without rebuilding core infrastructure. Speaking to The Peninsula, industry experts noted that several major banks in Qatar have begun opening their platforms to external partners and fintech providers, allowing solutions such as digital payments, […]
On the occasion of International Women’s Day, Ooredoo Fintech has announced the appointment of Noor Al Lawati as its first female Country Head for Oman, reinforcing its commitment to regional growth, local leadership, and women empowerment. An accomplished Omani professional, Noor Al Lawati brings extensive market expertise and a strong vision to drive innovation and expand financial […]
Qatar Central Bank (QCB) has introduced a package of precautionary measures to support the country’s financial system amid growing geopolitical tensions in the region. The central bank said its review of recent developments found Qatar’s banking sector remained resilient, with strong liquidity, capital levels well above regulatory requirements and provisions providing solid coverage against credit risk. […]
Qatar-based healthtech startup iQtech has successfully closed its first investment round with backing from European assessment technology firm Selexi and deep-tech partner Yuniro. The funding will support the development of the company’s XR-based medical simulation platform and accelerate its expansion across the region. Founded in 2025 by Nassim Davide Sidaoui, iQtech is developing EsculapioVR, an […]