BUSINESS START UP QATAR

Qatar recently concluded a diplomatic tour of Northern Europe, visiting Sweden, Norway, and Finland to bolster relations and explore areas of mutual interest. This strategic initiative has resulted in several key agreements that promise to deepen cooperation in various sectors. Sweden: Paving the Way for Enhanced Cooperation The first stop was in Sweden, where officials signed multiple Memorandas of Understanding (MoUs) and a letter of intent for military cooperation. The MoUs covered political consultations, peace and reconciliation, humanitarian and development cooperation, land transport and logistics services, and social development and family support. Additionally, Qatar Chamber and the Swedish Trade and Invest Council signed an MoU aimed at enhancing bilateral investment cooperation. Norway: Strengthening a Longstanding Relationship In Norway, the tour emphasized the strong and longstanding relationship between the two nations. Qatar and Norway signed MoUs in military cooperation

  The Qatar Financial Centre (QFC) , Qatar’s premier onshore financial and business hub, has reported a significant rise in new company registrations for the first half of 2024. This marks a pivotal moment for the QFC as it continues to drive economic diversification and position Qatar as a leading technology hub in the Gulf Cooperation Council (GCC) region. Record Growth in Company Registrations In the first six months of 2024, QFC registered 505 new firms, a 230% increase from the 149 firms registered during the same period in 2023. This surge brings the total number of companies on the QFC platform to over 2,200, showcasing the growing appeal of Qatar as a destination for business and investment. Technology Sector Leading the Surge The technology sector emerged as the largest contributor to this growth, accounting for nearly 38% of the newly registered firms. This impressive figure is partly due to QFC’s strategic involvement in the Web Summit 2024 held in Doha, where exclusive inc