Qatar Science & Technology Park (QSTP), a member of Qatar Foundation, announced the launch of its $30 million Tech Venture Fund alongside its first cohort of co-investment partner funds. The fund invests in early-stage deep tech startups headquartered in Qatar that deliver measurable social or climate impact, in support of Qatar’s Third National Development Strategy […]
Doha – Qatar: The Qatar Financial Centre (QFC), a leading onshore financial and business centre, has signed a Memorandum of Understanding (MoU) with The Commercial Bank (P.S.Q.C.) (CB), one of Qatar’s most established financial institutions, to facilitate access to banking services for QFC firms. Under the MoU, QFC will promote Commercial Bank as a strategic banking […]
Qatar Investment Authority (QIA) has committed $500 million to General Atlantic in a strategic move aimed at supporting the investment firm’s global growth equity strategies and strengthening long-term collaboration across high-growth private markets. The partnership extends beyond capital deployment and includes co-investment opportunities, thematic research collaboration, talent development initiatives, and enhanced regional market access across […]
Visa, a global leader in digital payments, today announced the appointment of Luca Bianconi as Vice President and Country Manager for Qatar, based in Doha. The appointment reflects continued investment in Qatar and its commitment to strengthening local leadership to support the growth of digital commerce in the country. As Vice President and Country Manager, Luca will be responsible […]
Ahead of the launch of KSA-1, MPE will serve as the global commercial application layer for financial services delivered on SpaceBelt KSA’s sovereign low-Earth orbit constellation. RIYADH, KINGDOM OF SAUDI ARABIA — April 21, 2026: MPE Solutions Inc. (“MPE” / “Modern Pay Engine”) today announced that it has entered into an agreement with SpaceBelt KSA […]
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 […]