BUSINESS START UP QATAR

With a focus on the private sector, Qatar Chamber (QC) has successfully launched its updated labor re-employment platform. In order to help local businesses hire available or unemployed local talent, the digital platform is run in coordination and cooperation with the Ministry of Labour (MOL). The most recent iteration of the re-employment platform will provide Qatar-based businesses access to the local market to find unskilled and skilled workers rather than hiring from abroad. By using this procedure, businesses and projects will continue to run smoothly while saving time and money on hiring. Additionally, because the MOL is directly involved, the platform facilitates the transition of employees from one organization to another. Read more: Labour Launch Qatar

Small and medium-sized businesses (SMEs) in the State of Qatar account for 97% of all privately registered firms and 16% of its non-oil GDP (GDP). The Oxford Business Group report "The Report: Qatar 2022" emphasized that SMEs are the foundation of major economies all over the world and significant forces behind economic diversification and GDP development. Qatar has created a number of incubation and accelerator programs to promote and support with knowledge and experience the development of SMEs. The government has actively urged banks to provide new funding options to entrepreneurs looking to launch or expand their businesses in order to advance the sector. Similar to this, the well-known "Made in Qatar" initiative is supported by the Qatar Chamber of Commerce & Industry (QCCI), which places its products in national and regional exhibits. Through its Ma'an (together) project in collaboration with Qatar University (QU) and the Qatar Development Bank , addi

  In order to achieve its goal of being a centre for sustainable innovation by 2030, Qatar is giving special attention to the development of a start-up ecosystem. The backing of important stakeholders, such as Qatar Development Bank (QDB), among many others, is helping a number of locally based start-ups and scale-ups. KARTY, a FinTech platform that enables users to spend, save, and manage their funds in a single application, is one of these success stories. The start-up, which is situated in Msheireb, has raised QAR 4.3 million (USD 1.2 million) in a pre-seed round from a variety of investors, including angel investors based in Qatar and Visa, QDB, and QF. By utilizing cutting-edge technology and transaction data, KARTY seeks to revolutionize everyday banking experiences. Read more:  Qatar generates home-grown start-up success stories

  Trade between Qatar and United Kingdom at new heights @Zawya @psa_qatar The State of Qatar and the United Kingdom will continue to deepen their long-standing trade ties and broaden their engagement and cooperation in a variety of areas. Recently, ministers from the two countries evaluated areas of shared concern with the goal of enhancing collaboration in the trade, investment, and industrial sectors. Launching a digital database to offer pertinent information to investors interested in participating across many sectors is currently being worked on. Qatar's imports have expanded as a result of the cooperation between British and Qatari businesses. The UK has removed the need for a visa for investors from Qatar in order to promote foreign direct investment. On the other hand, the State of Qatar has already implemented a number of policies to support the private sector with incentives, laws, and chances that are guaranteed, all with the goal of enticing British investment in the na

Launch of “1000 opportunities initiative” in Qatar  The State of Qatar's Ministry of Commerce and Industry (MoCI), as of late sent off the "1000 Opportunities Initiative" to work with organizations among public and confidential area. The public drive is controlled by an electronic stage that permits neighborhood financial backers to get stakes in significant public and worldwide organizations working in Qatar. It will offer open doors in future and existing activities in the modern area which has seen impressive improvement throughout the last years. Qatar is focusing on open and confidential organizations (PPP) in accordance with the Qatar National Vision 2030. Such organizations emphatically add to various areas of the economy and are valuable to little and medium endeavors (SMEs). The '1000 Opportunities Initiative' will likewise deliver an appealing business climate by confining inventory chains as well as further developing effectiveness of specialist co-ops.

Qatar announces provisional commercial licenses   Qatar's Ministry of Commerce and Industry (MoCI) lately launched a new service to issue provisional industrial licenses for all business activities. The provider will be collectively carried out with the Ministry of Interior (MoI) and the Ministry of Labour (MoL).  The provider will be handy for business things to do together with hotels and fitness services amongst others. However, it excludes the administrative places of work category, which covers contracting, cleaning services, and others. The MoCI has prompted that specific circumstances should be met to give temporary business licenses. Read more here: qatar-announces-provisional-commercial-licences/

 Qatar Central Bank (QCB) will launch a new fintech approach throughout the fourth quarter of 2022. The QCB initiative is phase of a wide variety of measures being carried out to promote a digital society as the country will increase its digital choices along with in banking. Plans to license economic science agencies will be applied soon. The improve of the fee device will end result in a entirely built-in platform utilising centralised infrastructure to facilitate nationwide actual time payments. These measures will enable banks to receive contactless repayments from digital wallets among different benefits. QCB additionally printed that as the world`s main Liquid Natural Gas (LNG) exporter, Qatar’s cutting-edge financial endeavor is lots more advantageous than in 2020 and 2021. Most importantly, financial possibilities stay positive, primarily based on the recuperation in home demand, non-public area credit score increase and preparations to host the FIFA World Cup Qatar 2022. Accor