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Sunday, February 01, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "AI investments" (21 articles)

Gulf Times
Sport

Nasser Al-Khelaifi highlights how strategic investment is shaping global sport at World Economic Forum in Davos

His Excellency Nasser Al-Khelaifi, Chairman of Qatar Sports Investments, Chairman of beIN Media Group, and President of Paris Saint-Germain FC, participated in the World Economic Forum Annual Meeting in Davos, Switzerland, where he addressed the growing role of sport as a driver of economic value and long-term development. HE Al-Khelaifi was a panellist at a closed-door thought-leadership dialogue titled The New Global Playbook: Athletes, Investment and the Future of Sport, hosted at the Invest Qatar Pavilion. The session brought together an elite group of investors, business leaders, athletes, and policymakers to examine how sport has evolved into a system that moves capital and builds enterprises. **media[408496]** The panel featured a cross-section of global sporting leadership, including Tracy McGrady, NBA Hall of Famer and entrepreneur, and Cherif Younousse, Olympic medallist and leading beach volleyball athlete. The session was moderated by David Moreno Jr., global sports executive and senior partner at Norton Rose Fulbright. The discussion focused on the full lifecycle of modern sport, highlighting how today’s athletes increasingly move beyond competition into ownership, entrepreneurship, leadership, media, and cross-border ventures. This shift has expanded the definition of sporting success beyond trophies to include governance, long-term value creation, and global reach. Panellists also examined sport’s role in shaping global wellness narratives, alongside the challenge of scaling performance-driven ecosystems across markets while maintaining credibility and cultural relevance. The dialogue highlighted how Qatar and the wider Gulf region sit at the centre of this evolution, with sustained investment in teams, infrastructure, and media networks embedding the region firmly within the global sports economy through long-term strategy and institutional leadership. Drawing on Qatar Sports Investments’ experience, Al-Khelaïfi shared insights into building sustainable sports ecosystems, emphasising how aligned investment, governance, and media infrastructure are contributing to the continued growth of the global sports industry in line with Qatar National Vision 2030 and the Third National Development Strategy. Co-hosted by Allam Global Ventures, Global Venture Partners, and Qatar Sports Investments, in partnership with TIME Africa, Rolling Stone MENA, and Robb Report Africa, the dialogue explored the positioning of sport alongside finance and technology as a significant economic force.

Gulf Times
Qatar

Qatar, Canada commit to major investments in joint statement

Qatar and Canada issued a joint statement Monday following Canadian Prime Minister Mark Carney’s historic visit to Doha, announcing a significant expansion of bilateral ties including major Qatari investments in Canadian infrastructure and upgraded diplomatic relations. The statement, released during the first-ever visit by a sitting Canadian Prime Minister to Qatar, confirmed that both nations will elevate their bilateral consultations to a Foreign Ministers-level Strategic Dialogue. Prime Minister Carney met with His Highness the Amir Sheikh Tamim bin Hamad al-Thani on January 18, resulting in several memoranda of understanding across economic, technology, and security sectors. Qatar committed to making substantial strategic investments in Canada’s nation-building projects, while Canada pledged to bring major pension fund delegations to explore investment opportunities in Qatar. The countries agreed to finalise a Foreign Investment Promotion and Protection Agreement by summer 2026 and begin negotiations on a Double Taxation Agreement. The partnership includes co-operation on artificial intelligence and emerging technologies supporting Qatar’s Vision 2030, security collaboration for the 2026 FIFA World Cup building on Qatar’s 2022 tournament experience, and establishment of a Canadian Defence Attaché presence in Doha. 

The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan. The auto giant's fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing.
Business

GM announces $7.1bn hit to profits on EV pullback

General Motors has said it will book a one-time earnings hit of $7.1bn, mostly due to its pullback on electric vehicles in light of shifting US policies.The Detroit auto giant's fourth-quarter results will be dented by $6bn in charges connected to reversals on EV investments, according to a securities filing. The remaining $1.1bn includes costs from the company's restructuring of its China operations.GM's move follows a $1.6bn writedown in the third quarter due to pivots away from EVs following a sharp US policy reversal under President Donald Trump.Trump, who views climate change as a hoax, has killed major initiatives favouring EVs championed by predecessor Joe Biden.GM's profit warning also comes on the heels of a Ford announcement December 15 that it will write off about $19.5bn over several years amid the shifting policy outlook.Throughout Biden's presidency, GM CEO Mary Barra had invested aggressively in building EV capacity. The company announced in 2021 a target of having its cars and trucks emission-free by 2035.Barra has said that EVs remain a long-term priority, but that the company is modifying investments in response to consumer demand."With the termination of certain consumer tax incentives and the reduction in the stringency of emissions regulations, industry-wide consumer demand for EVs in North America began to slow in 2025," GM said in the filing. "As a result, GM proactively reduced EV capacity."Besides the EVhit, the $1.1bn in non-EV charges included costs related to the restructuring of China joint venture SAIC General Motors Corporate Limited, as well as "an additional legal accrual." 

Gulf Times
Business

Qatar business confidence strengthens amid global transition, says AHK report

German companies operating in Qatar are reporting a notably optimistic outlook, according to the AHK World Business Outlook, Qatar, Fall 2025. While global sentiment remains cautious, the report noted, Qatar’s business landscape remains “largely optimistic.” The survey shows that “62%” of participating firms assess their current business situation as positive, up from “58%” in spring. Looking ahead, the survey reported that “60%” expect conditions to improve further over the next 12 months, “38%” anticipate that conditions will remain about the same, and only “3%” anticipate otherwise. Economic forecasts also reflect stability and growth. “Thirty-five percent” of respondents anticipate expansion, while “55%” expect conditions to remain steady. “ The local economic development within Qatar is mostly expected to improve or stay similar. 35% of the companies see an improvement and 55% expect the situation to remain about equal,” the survey reported. The survey stated that investment plans remain consistent, with nearly one in four companies preparing for higher spending. “In terms of future investments, the percentage of companies projecting higher investments has been stable at 38% and about every third of the participants expect the investment to remain the same. The number of companies that plan lower or no investments slightly increased to 31%” the survey stated. According to the survey, employment prospects also mirror this cautious optimism. “In the coming year, the prospects for local employment still appear positive, with about 60% of companies anticipating stability in their workforce number. While only 14% of businesses expect a decline in the team strength (down by 2%), the intention to increase the headcount declined from 42% to 27%,” the survey stated. In terms of risks, half of the surveyed firms identify demand as their “greatest” challenge. The survey reported, “Trade barriers/preference to local companies remain a significant issue, cited by 36% of respondents. Financing and economic policy conditions, as well as supply chain disruptions, are each considered a risk by about every third company.” The survey also reported on the expected impact of the new US trade policy on the company’s local business. It further stated, “While uncertainty surrounding US trade policy remains a factor influencing the outlook of local businesses, its expected impact has eased over the past six months. Only 38% of the companies anticipate negative impacts on their business, whether major or minor, coming from 58% in spring. Now, 62% foresee no consequences.” The survey, conducted between September 29 and October 17, 2025, reflects responses from more than 3,500 German companies worldwide, including those with operations in Qatar. 

Ling Li, exhibition manager of ‘International Exhibition on Robotics and Artificial Intelligence Technologies 26’ (ROBOTECH 26).
Business

AI, robotics seen as drivers of Qatar's economic diversification drive

An industry expert in the fields of artificial intelligence (AI) and robotics has lauded Qatar’s heavy investments in advanced technologies as part of the government’s wider strategy to diversify the economy and strengthen the country’s role as a regional hub.Ling Li, the exhibition manager of ‘International Exhibition on Robotics and Artificial Intelligence Technologies 26’ (ROBOTECH 26), underscored the role of AI and robotics in helping key players in the private and public sectors advance their services.“Qatar will be able to adapt and use them in the right way to develop its different sectors,” Li told Gulf Times on the sidelines of Qatar Chamber’s announcement of its support for ROBOTECH 26, which is scheduled to take place in Doha from October 27-29, 2026.For decades, Qatar’s prosperity has been tied to the oil and gas industry. But Li pointed out that the country is now channelling resources into new sectors, citing healthcare, education, transportation, and smart city development – areas where robotics and AI can deliver transformative results.Highlighting Hamad International Airport (HIA) as an established global hub, Li emphasised that integrating robotics into operations could enhance efficiency and passenger services. “AI and robotics can play across many different sectors – from medical applications to transport and education,” she further said.Li also lauded Qatar’s successful hosting of the 2022 FIFA World Cup, citing the country’s ability to stage major technology initiatives. “After the World Cup, Qatar can take the lead for GCC countries in AI and robotics,” said Li, adding that the country’s proven capacity to deliver world-class events now underpins its confidence in becoming a technology leader.Li stressed that while Qatar is determined to lead regionally, the country is also opening its doors to international partners. She said companies from China and other nations are encouraged to participate in Qatar’s technology drive: “Together, we will definitely be able to grow and progress in a short time.”According to Li, Qatar represents a gateway to an emerging robotics and AI market, even as she described the current moment as “a new area” and “very exciting for many companies.”She also underscored the value of timing: “We truly believe this is a great time for everybody to come into this expansion and explore this new market.” Li noted that Qatar’s dedication to technology is not just about infrastructure or investment, but about shaping a new identity for Qatar as a hub of innovation.Li pointed out that all of Qatar’s ambitions will be on display in October 2026 when Doha hosts ROBOTECH 26, an exhibition dedicated to AI and robotics. She said the event will feature sectors ranging from smart city solutions to medical robotics and manufacturing.“We want exhibitors to show the best technology,” stated Li, who added that ROBOTECH 26 will allow Qatar to demonstrate how it is moving from being a global stage for support to becoming an international stage for technology. 

Gulf Times
Business

Qatar Chamber discusses trade co-operation with Sudan

Qatar Chamber first vice-chairman Mohamed bin Towar al-Kuwari held a meeting Tuesday with Sudanese ambassador Badr al-Din Abdullah Mohamed Ahmed to review co-operation relations between both countries.  Both officials also discussed Qatar-Sudan commercial and economic relations, as well as the role of the private sector in stimulating intra-regional investments and trade. Al-Kuwari lauded both nations’ “close fraternal relations”, noting that trade exchange between Qatar and Sudan recorded a growth of 16% last year, from a QR50mn increase in 2023 to QR58mn in 2024. But despite this growth, he said the volume of trade “remains below the level of ambition and the capabilities available to both countries”, which places a significant responsibility on the private sector in Qatar and Sudan to further enhance trade and investment cooperation.  For his part, Ahmed noted that Sudan is rife with investment opportunities in various sectors, such as minerals, agriculture, livestock, Arabic gum, and others, and that there are facilities for Qatari investors wishing to invest in Sudan.

SoftBank CEO Masayoshi Son attends an event to pitch AI for businesses in Tokyo. SoftBank Group is racing to close a $22.5bn funding commitment ‌to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn ‌margin loans borrowed against its valuable ownership in ‍chip firm Arm Holdings.
Business

SoftBank races to fulfil $22.5bn funding commitment to OpenAI

SoftBank Group is racing to close a $22.5bn funding commitment ‌to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn ‌margin loans borrowed against its valuable ownership in ‍chip firm Arm Holdings, sources said.The "all-in" bet on OpenAI is among the biggest yet by SoftBank CEO Masayoshi Son, as the Japanese billionaire seeks to improve his firm's position in the ⁠race for artificial intelligence. To come up with the money, Son ⁠has already sold SoftBank's entire $5.8bn stake in AI chip leader Nvidia, offloaded $4.8bn of its T-Mobile US stake, and slashed staff.Son has slowed ‍most other dealmaking at SoftBank's Vision Fund to a crawl, and any deal above $50mn now requires his explicit approval, two of the sources told Reuters. Son's firm is working to take public its payments app operator, PayPay. The initial public offering, originally expected this month, was pushed back due to the 43-day-long US government shutdown, which ended in November.PayPay's market debut, likely to raise more than $20bn, is now expected in the first quarter of next year, according to one direct source and another person familiar with the efforts.The Japanese conglomerate is also looking to cash out some of its holdings in Didi Global, the operator of China’s dominant ride-hailing platform, which is looking to list its shares ‌in Hong Kong after a regulatory crackdown forced it to delist in the US in 2021, a source with direct knowledge said. Investment managers at SoftBank's Vision Fund are being directed toward the OpenAI deal, two of the above sources said.SoftBank's scramble to marshal funds offers a window into the strain faced even by ‍the world's biggest dealmakers as they scramble to finance ⁠ambitious AI data centre projects ‌worth hundreds of billions of dollars.SoftBank declined to comment.OpenAI has not yet received the remaining funding, but expects the money to come in by the end of 2025, as stipulated in the contract, sources said.SoftBank has multiple sources of capital it could tap, including margin loans, cash on its balance sheet, stakes in listed companies, and corporate bonds or bridge loans, sources said. Son has strong reasons to draw on a range of funding mechanisms to fulfil those obligations.SoftBank secured a deal to invest in OpenAI at a $300bn valuation in April. Since then, the valuation of OpenAI has risen dramatically and the company is in talks to raise additional funding from investors, including Amazon, tripling its valuation to close to $900 billion, one of the sources added, which would give SoftBank a significant paper gain once the transaction is completed.A major pool of capital for SoftBank is its undrawn capacity of margin loans borrowed against its ownership of British semiconductor and software design company Arm Holdings. SoftBank recently expanded its margin loan capacity by $6.5bn, bringing the total undrawn capacity to $11.5bn. Arm’s stock ​has since tripled from its IPO price, providing SoftBank with ‌additional collateral headroom to expand its borrowing capacity.SoftBank reported parent-level cash of 4.2tn yen ($27.16bn) as of September 30. The group still owns about 4% of T-Mobile US, remaining the wireless carrier’s second-largest ⁠shareholder, a stake worth roughly $11bn at the end of September, ‍according to LSEG data. Despite investing at a less active pace, it has continued to back AI startups such as Sierra and Skild AI.Both OpenAI and SoftBank are investors in Stargate, a $500bn initiative to build AI data centres for training and inference that executives say is crucial to the US government's ambitions to keep ahead of China in AI.The rush to build data centres has also prompted tech giants including Meta Platforms to commit unprecedented sums to these buildouts - which need chips, power, cooling, and servers - and they have brought in deep-pocketed partners to spread the risk.Their hefty ​capital outlays have sparked concerns about what happens if the investments fail to bring commensurate returns, raising the spectre of an "AI bubble" bursting. SoftBank promised in April to invest up to $30bn in OpenAI - $10bn of which the startup would receive the same month. The rest of the payment was contingent on the AI startup transitioning to a for-profit corporation by the end of the year, an ambitious feat that OpenAI achieved in October.The new funding is crucial for covering OpenAI’s rising costs to train and run its AI models as competition from Alphabet's Google ratchets up. OpenAI CEO Sam Altman told employees recently that the company is now entering a "code red” phase to improve ChatGPT - delaying other product rollouts to fend off the momentum behind Google’s Gemini.In October, Altman said OpenAI aimed to build 30 gigawatts of computing capacity for $1.4tn. He said he ultimately wants OpenAI to add ⁠1 gigawatt of compute every week - an enormous target given that each gigawatt currently comes with a capital cost of more than $40bn. 

Gulf Times
Business

CEO of QFZ Authority: National Day recalls values on which Qatar was founded

His Excellency CEO of the Qatar Free Zones (QFZ) Authority Sheikh Mohammed bin Hamad bin Faisal al-Thani said that Qatar National Day is a cherished national occasion to recall the values upon which the State of Qatar was founded, the values of faith, responsibility, and hard work, adding that these are the same principles that today guide the country towards achieving comprehensive development and enhancing its position on the global arena.Speaking to Qatar News Agency (QNA) on the occasion of the country's National Day, Sheikh Mohammed extended his warm congratulations to His Highness the Amir Sheikh Tamim bin Hamad al-Thani, the leader and patron of Qatar's advancement, and to His Highness the Father Amir Sheikh Hamad bin Khalifa al-Thani, whose foresighted vision laid the foundations for the country's development and put it on path towards a bright future.He added that recalling the role of the Founder Sheikh Jassim bin Mohammed bin Thani is not merely a remembrance of the founding history, but a reminder of today's responsibility towards the future, adding that loyalty and belonging in the context of institutions and the economy mean converting the national vision into tangible outcomes, which include quality investments, sustainable job opportunities, a diversified economy, and international leadership supported by trust and achievement.He noted that the authority continues to perform its role as a catalyst for the growth of value-added sectors, in line with the objectives of the Qatar National Vision 2030 (QNV 2030) and the Third National Development Strategy, particularly with regard to attracting foreign direct investment, developing human capital, and achieving environmental and economic sustainability.On a personal level, he said that Qatar National Day is a moment to reflect on and assess institutional responsibility in achieving real economic impact, and evaluating the extent of actual contribution to supporting the stability of the state and its sustainable growth, adding that it is also an occasion to renew the collective commitment to diligent, results-driven work that befits the aspirations of the nation and its leadership.Regarding the QFZ's most prominent achievements in 2025, he said that the authority continued its role in supporting the transition towards a diversified, knowledge-based economy, thanks to an investment base of more than 800 companies licensed in the free zones, providing over 12,000 jobs, with cumulative investments approaching $5bn by the end of 2025.He pointed out that this year marked a shift from attracting investments to operating advanced industrial and technological facilities.In the aviation sector, the Safran Group opened its regional office in the free zones in cooperation with Qatar Airways, enhancing the country's capabilities in aircraft engine maintenance and data analytics.In the logistics sector, FedEx Logistics opened a new facility at the Ras Bufontas Free Zone, thus, strengthening Qatar's position as a key hub for international trade and supply chains.For its part, Alfardan Automotive inaugurated an advanced logistics centre in Umm Alhoul Free Zone.In the maritime sector, the MARSA port project in Umm Alhoul Free Zone was advanced through the signing of two memorandums of understanding (MoUs), with Feadship, and with Marina Port Vell, enhancing Qatar's position as a regional hub for maritime services, marine industries, and luxury yachts.The QFZ also signed strategic agreements with global partners, most notably a strategic MoU with WuXi Biologics, the leading Chinese international company in biologics research, development, and manufacturing, an important step aimed at strengthening Qatar's pharmaceutical ecosystem, driving research, development, and innovation in this field, and cooperating in the local manufacturing of biologic products.QFZ's co-operation in 2025 also included signing an agreement with Samsung C&T Corporation to implement innovative projects in renewable energy and low-carbon digital infrastructure, as well as an MoU with Russia's BIOCAD to develop biologics research, development, and manufacturing facilities.At the local level, the Authority signed an agreement with Jusour to support training national talents to meet the needs of advanced sectors in the free zones.Regarding new projects supporting digital transformation and contributing to the growth of the emerging technology sector, he said that the QFZ continues to enable the state's digital transformation by developing advanced technological infrastructure that enhances the local economy's readiness for next-generation applications.The year 2025 has been pivotal in this regard, with the free zones witnessing an expansion in the presence of global and local digital companies, in addition to the growth of cloud infrastructure and data centres, he noted.The Google Cloud Center of Excellence emerged as one of the key pillars in building digital capabilities, offering specialised training programs this year in artificial intelligence, cloud computing, and data analytics, contributing to the development of national talent and support for the private sector.The free zones also saw digital companies such as Kingdee, Quantiphi, and Qcloud expand data centre capabilities in Ras Bufontas Free Zone, as part of building an integrated digital ecosystem that supports artificial intelligence and Internet of Things (IoT) solutions, forming a foundation for emerging technologies.Digital transformation also strengthens joint projects with Samsung C&T Corporation, which combine digital innovation and sustainability through the development of smart energy solutions and low-carbon infrastructure.Technological advancement has extended to the maritime sector, where the MARSA port project introduced advanced digital systems for marina management and marine maintenance, an initiative showcased during the QFZ's participation in the Monaco Yacht Show 2025.These initiatives contribute to supporting the implementation of Qatar's Digital Agenda 2030 and consolidating the position of the free zones as a leading platform for innovation and advanced technologies in the region.Regarding QFZ's key strategic priorities for the coming year, His Excellency said that the authority will focus on developing a more flexible and competitive investment ecosystem that supports achieving the targets of the Third National Development Strategy to reach $100bn in foreign direct investment over the coming years.The QFZ's priorities include enhancing the regulatory environment through the development of a dual licensing model, which allows companies to operate in the free zones and the local market through an integrated operational mechanism, enabling greater flexibility in expansion, production, and export.The Authority is also working to enhance its investment services by simplifying procedures, expanding digital services, and improving investor experience from establishment through to operation.As part of strengthening national competitiveness, QFZ is focusing on reinforcing economic and logistical integration between the free zones and national infrastructure at ports and the airport, creating a coherent operational network that facilitates the movement of goods and supports companies' expansion into regional and global markets.The authority also seeks to develop a regulatory and operational framework that enables investors to establish centres of excellence and research and development facilities in the free zones, in co-operation with universities and national institutions. This aims to enhance innovation, link future industries with applied research, and create high-quality job opportunities for Qatari talent.Sustainability remains a central pillar in the coming year's plans, adopting low-carbon energy solutions, enhancing environmental, social, and governance (ESG) standards, and ensuring that new projects align with the state's goals of improving energy efficiency and reducing carbon emissions.He concluded his statement to QNA by saying that these priorities aim to enhance the ability of the free zones to attract high-value investments, expand their contribution to driving economic growth, and consolidate the position of the State of Qatar as a leading global destination for investment and innovation.

The achievement positions QIB among the first banks in Qatar to have a fully certified Private Banking team, further reinforcing its commitment to offering world-class expertise and qualified advisory in international investments and securities
Business

QIB private banking team earns CISI certification in international investments, securities

Qatar Islamic Bank (QIB) has announced that its entire Private Banking team, along with members from the Product team, have successfully obtained the International Investments and Securities certification from the Chartered Institute for Securities & Investment (CISI).The achievement positions QIB among the first banks in Qatar to have a fully certified Private Banking team, further reinforcing its commitment to offering world-class expertise and qualified advisory in international investments and securities.The certification marks a significant milestone in QIB’s strategy to further elevate wealth advisory standards for high- and ultra-high-net-worth (HNWI/UHNWI) customers. It also underscores the Personal Banking Group’s commitment to strengthening its investment management and advisory capabilities, complementing QIB’s strong deposit franchise and paving the way for new avenues of sustainable growth.D Anand, general manager, Personal Banking Group at QIB, said: “This success belongs to the team. Our colleagues demonstrated exemplary teamwork, supporting one another throughout a rigorous process to ensure that everyone crossed the finish line together.“By building certified in-house wealth advisory and investment product management capabilities, the Personal Banking Group is now better positioned to serve our customers with greater depth, responsiveness, and insight.”The qualification assures HNWI and VHNWI customers that their portfolios are managed with discipline and in alignment with the highest global standards. QIB has proactively developed its Wealth Advisory and Investment Product Management capabilities to support the bank’s growth agenda across investment products, while maintaining a customer-first approach.Reaffirming its commitment to a prudent and Shariah-compliant wealth proposition, QIB continues to safeguard customers’ interests, strengthen governance, and drive sustainable growth. Building on its culture of collaboration and continuous learning, the bank will keep investing in certified human expertise and digital innovation to deliver superior client experiences and create long-term value for customers, shareholders and the wider community, in line with QIB’s business strategy, corporate governance and sustainability principles. 

Gulf Times
Qatar

Qatar's AI efforts highlighted at summit

The assistant undersecretary for Digital Industry Affairs at the Ministry of Communications and Information Technology (MCIT), Reem al-Mansoori, has affirmed that Qatar is steadily advancing toward strengthening its readiness for artificial intelligence (AI) and solidifying its future leadership in this field, relying on a clear national vision and long-term strategic investments in digital infrastructure.She said in the keynote address that AI is no longer an emerging technology but has become a decisive factor in revitalising the economy, transforming institutions, and accelerating societal progress.Al-Mansoori added that rapid developments, particularly in generative AI, are prompting governments and economic sectors to reimagine work methods, governance, and service delivery, pointing out that this brings great opportunities accompanied by significant responsibilities.The official said that Qatar’s interest in this field is based on the National Development Strategy and the Digital Agenda 2030, both of which define a unified vision centred on developing human capabilities, strengthening research and innovation, and steering AI to support economic diversification and improve quality of life.She noted that Qatar’s success in digital transformation is the result of decades of investment in digital infrastructure, connectivity, and reliable energy, in addition to global partnerships, making the country a competitive hub for high-performance computing and next-generation AI innovation.Al-Mansoori noted that Qatar is adopting an impact-driven approach in deploying AI, focusing on sectors capable of delivering national and regional value.She highlighted that the GovtAI Programme, led by the MCIT, serves as a unified framework enabling government entities to identify, test, and implement innovative solutions in collaboration with global technology partners.The official said that human capital is the main driver of digital transformation, highlighting that the State’s efforts will contribute to creating 26,000 jobs in the information and communications technology (ICT) sector by 2030 and building a robust knowledge-based economy.Al-Mansoori further stated that Qatar is building an AI ecosystem rooted in transparency, security, and ethical responsibility, while committing to protecting privacy, enhancing inclusivity, and ensuring that all segments of society benefit from these technologies.She noted that AI is reshaping the world at an unprecedented pace, and called on governments, the private sector, and the scientific community to co-operate with a shared vision to ensure a more sustainable and advanced future. 

Yasir al-Rumayyan, Governor of Saudi Arabia's Public Investment Fund.
Business

Saudi wealth fund plans to more than double investments in Japan

Saudi Arabia’s sovereign wealth fund is looking to increase its investments in Japan to about $27bn by the end of 2030 as the kingdom looks to deepen ties in Asia and expand in areas from critical minerals to financial markets.The Public Investment Fund aims to deploy more capital after investing $11.5bn in Japan from 2019-2024, Governor Yasir al-Rumayyan said at the FII Priority Asia Summit in Tokyo Monday. He highlighted spending in public and private markets and predicted recently-launched exchange traded funds between Saudi Arabia and Japan will “go further”.“Asia is big for us. We want to have better ties, better relationships, better procurement process, access to the supply chain,” al-Rumayyan said. “Japan at some stage was one of the largest partners for Saudi Arabia and we want to get that back.”Japan is Saudi Arabia’s third-largest trading partner at present. The sovereign wealth fund expects its investments in the country to contribute as much as $16.6bn to Saudi Arabia’s gross domestic product, al-Rumayyan said. He also hopes to see more return investment to the kingdom in areas including travel and tourism.Those sectors are among six areas of priority for the $1tn PIF under its 2026-2030 investment strategy, which is set to be unveiled early next year. The board has approved that plan and will be hammering out details over the next few days at a summit on the Red Sea in Saudi Arabia, al-Rumayyan said.The comments suggest Japan will remain a priority for PIF global investment as the fund seeks to increase its annual deployment of capital to $70bn after this year. It allocated nearly $57bn across priority sectors in 2024.Saudi Arabia has been leaning more heavily into its relationships with Asian nations in recent years as it seeks to draw more foreign partners to help advance the country’s multi-trillion dollar Vision 2030 economic transformation programme.There’s been a strong emphasis on the financial sector, with multiple ETFs launched in markets including mainland China, Hong Kong and Japan to track Saudi assets over the last two years. Asian banks have emerged as major financiers for Saudi entities. In energy, Saudi Arabia is working with Japan on developing the market for blue ammonia.Additionally, the kingdom is developing Dragon Ball and anime theme parks at its Qiddiya mega entertainment city on the outskirts of Riyadh in partnership with Japan. The FII Tokyo conference held on November 30-December 1 was the second FII event ever held in Asia. 

Dr Tamy Bin Ahmad al-Binali, chief executive officer of QFMA.
Business

QFMA issues new rules on offerings, listings and M&A

The Qatar Financial Markets Authority (QFMA) has come out with a slew of measures, including doing away with multiple advisors for listing and determining the reference price through pre-listing auction in direct listing, as part of simplifying the procedures and attracting foreign investments.His Excellency Sheikh Bandar bin Mohammed bin Saoud al-Thani, Governor of the Qatar Central Bank and chairman of QFMA has issued QFMA’s board decision No 8 of 2025 concerning the offering and listing, and mergers and acquisitions (M&A) rules.The issuance of the new rules comes as part of the state's drive to stimulate the attraction of foreign investments, and in light of the QFMA's ongoing efforts to continuously review and develop the legislative structure regulating the Qatari capital market in line with the best practices and international standards.The QFMA merged all rules and regulations related to the offering and listing process, such as (rights issues, sukuk and bonds, funds units, book building and share buyback) into unified rules, while added a separate chapter for M&As.On offerings and subscriptions, the QFMA developed the book-building mechanism and required a single offering and listing advisor instead of the previous multiple roles (offering advisor, listing advisor); while in the case of listing, it added a mechanism to determine the reference price through a pre-listing auction in the case of direct listing.On sukuk and bonds, the QFMA made it mandatory for the company to appoint a trustee to protect the rights of investors in such instruments.The QFMA stipulated the requirement of two years before requesting the transfer to the main market from the junior bourse.About disclosure and transparency; the QFMA made it mandatory to disclose in both Arabic and English. It set additional controls and procedures in case of postponing disclosure to align with international practices and obliging companies to keep lists of insiders and prevent their trading during the ban period.In the case of restrictions of founders and major shareholders, the QFMA said in the direct listing on the second market, the sale of up to 30% was allowed during the first year.On M&A, it said the acquisition articles shall apply in the case of the acquisition of shares of a listed company (not in the case of the acquisition of a private company) and regulating the reverse acquisition mechanism. It made it mandatory of the compulsory offer when 90% is reached (minority consent is not required).As per the new rules, the REITs (real estate investment trusts) have been allowed to borrow up to 50% of gross asset value.The key objectives are simplifying the procedures for listing and offering companies on Qatari financial markets and facilitating them for the issuers, enhancing the growth and diversity of the national economy and contributing to the advancement of our capital markets to developed markets, and promoting dealers' confidence, developing regulations and procedures, and providing a safe and sustainable investment environment."Such new rules will contribute to addressing any challenges that may face the Qatari capital sector, and will contribute to enhancing the growth and diversity of the national economy, as well as contribute to enhancing the advancing of our capital markets to the rank of developed markets, especially in light of the development of the Qatari capital market and the qualitative leaps it has achieved over the past few years," Sheikh Bandar said.Dr Tamy bin Ahmad al-Binali, chief executive officer of QFMA, said it had presented the rules for public consultation in April last year, inviting all participants dealing in the Qatari financial markets to review the proposed new draft rules, express opinions on its contents, and provide their comments and suggestions.The desired objectives of any proposed legislative draft to develop the legislative structure of the Qatari capital market will only be achieved through fruitful co-operation and continuous support and assistance from all entities subject to the QFMA's jurisdiction, professionals dealing in the financial markets and companies listed therein, as well as investors dealing in the capital markets, according to him.