Business

Sunday, February 08, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Business

Officials of Qatar Chamber and the US Chamber of Commerce during a meeting held in the presence of private sector executives.

Qatar Chamber lauds robust US-Qatar ties on QR22bn trade

Qatar Chamber has lauded the country’s robust bilateral trade with the US, which stood at QR22bn in 2024.Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari noted this during a meeting with an American trade delegation headed by Khush Choksy, senior vice-president of International Member Relations at the US Chamber of Commerce.The meeting discussed trade and investment cooperation between Qatar and the US, the role of the private sector in strengthening bilateral trade relations, and potential areas of co-operation between both chambers.During the meeting, al-Kuwari praised the close relations between both nations, noting that the US is an important trading partner for Qatar, as bilateral trade reached about QR22bn in 2024.He highlighted mutual investments, particularly in the energy sector, where companies, such as ExxonMobil and ConocoPhillips are participating in the expansion of the North Field in Qatar. He also referred to joint liquefied natural gas projects, including the Golden Pass project in Texas, as well as the growth of Qatari investments in the US, especially in the real estate, technology, and other sectors.In turn, Choksy praised the economic relations between Qatar and the US, stressing that many American companies are keen to invest in Qatar and establish economic partnerships and alliances with Qatari counterparts.Qatar Chamber board member Ali bin Abdul Latif al-Misnad called for enhanced coordination between the two sides to boost mutual investments and focus on priority economic sectors.Al-Misnad noted that the Qatari private sector plays a key role in major national projects through the public-private partnership system, supported by the state’s strategy to diversify income sources. He also stressed that the Qatari private sector is dynamic and provides abundant opportunities to enhance trade and investment cooperation with its American counterpart.Qatar Chamber board member Mohamed bin Ahmed al-Obaidli said economic relations between the two nations are strategic and growing. He called on American companies to explore investment opportunities in Qatar, benefit from incentives offered for foreign capital, and forge value-added partnerships with Qatari companies, particularly in non-traditional and technology-related sectors.The meeting was also attended by Qatar Chamber board member Abdullah bin Mohamed al-Emadi; Sheikha Tamader al-Thani, director of the International Relations and Chamber Affairs Department at Qatar Chamber and secretary general of ICC Qatar; Sheikha Mayes al-Thani, managing director, US-Qatar Business Council Doha; and Xiomara Henriquez, executive director of the American Chamber of Commerce in Qatar.

QFC officials with some of the representatives from the companies that got licence at the Web Summit Qatar 2026.

Qatar Financial Centre sees 44% year-on-year jump in applications during Web Summit 2026

The Qatar Financial Centre (QFC), which laid out "targeted incentives" for companies looking to enter or expand within the Qatari market, witnessed 44% year-on-year increase in applications at the recently concluded Web Summit, indicating its growing appeal in the international front.More than 2,300 applications were received by the QFC, a leading onshore financial and business centre in the region and internationally.Firms that registered with QFC during the Web Summit benefited from waived registration and annual fees for the first three years, tax credit for the first three years, in line with international standards, provided the applicant selects at least one technology activity from the approved activities list.The QFC's return to Web Summit Qatar 2026 comes under the Start-Up Qatar Pavilion with a renewed focus on accelerating business set-up and supporting innovation-driven growth.Of the 2,300 applications, as many as 315 firms have already been licensed, while 1,105 qualified and "are in the pipeline", said the QFC in a social media handle X.The third edition of Web Summit Qatar marked a key milestone in the five-year partnership, developing deeper, more meaningful connections between Qatar and the tech world. The conference brought together more than 25,000 attendees from 124 countries, including more than 1,500 startups and 600 investors.The QFC enhanced the registration process through an integrated, one-stop-shop business setup model, with the presence of representatives from the Ministry of Interior and the Ministry of Labour enabling companies to complete key regulatory procedures and related permits in a single location.As part of this streamlined approach, instant corporate banking services were made available, with QNB and Doha Bank hosting dedicated booths at Web Summit Qatar to support new registrations.In parallel, the QFC maintains agreements with multiple banks across Qatar, giving companies the flexibility in selecting their preferred banking partner.This service enables eligible firms to open corporate bank accounts swiftly, reducing administrative hurdles and allowing businesses to become operational in a shorter timeframe.As Qatar continues to strengthen its position as a global technology and investment hub, the QFC aims to connect with global founders, investors, and industry leaders while highlighting the advantages of establishing a presence in the country.By pairing attractive incentives with practical, end-to-end support, QFC continues to position Qatar as a preferred destination for global companies seeking long-term growth in the region.The four-day Web Summit attracted a record 30,274 participants from 127 countries, an 18% increase compared to last year, alongside close to 1,000 investors, and 1,637 startups, 38% of them founded by women.The 2025 edition had seen more than 700 firms register with QFC in just four days.