Analysis

Qatar’s banks adopt new technologies to enhance financial services
OBG
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Open banking has rapidly emerged as a transformative force in global finance, redefining traditional banking models by enabling secure, application programming interface (API)-driven data sharing and third party service integration. Valued at approximately $25.1bn in 2023 and poised to surge to $29.6bn by 2025 – ultimately eclipsing $306.6bn by 2035 – the global market’s projected compound annual…

Analysis

Qatar's digital payment platforms expand across emerging markets
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Despite the ongoing macroeconomic and geopolitical headwinds experienced by the global economy, one area of the international financial system that has shown steady progression is digital payments. Since the Covid-19 pandemic, they have been spurred by a jump in remittance flows, and the greater availability of digital infrastructure and services, as well as higher demand for fast and seamless non-physical…

Analysis

Islamic finance sees rising demand for sustainable debt to meet climate goals in Qatar
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Qatar’s financial development plans increasingly highlight the importance of innovation when it comes to deepening and widening the market. As part of this approach, the country is looking at new debt capital market instruments: green bonds and sukuk (Islamic bonds). Global demand for these products is growing, as corporations and governments look for effective ways to achieve their sustainable finance…

Analysis

Qatar emerging markets embrace sustainability initiatives
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Impact investment – which is purposely designed to generate tangible social and environmental benefits alongside financial returns – presents promising risk-adjusted prospects. This type of investment not only provides value for investors, but can also greatly advance the UN Sustainable Development Goals. According to the Global Impact Investing Network (GIIN), the impact investing market has…

Analysis

Qatar’s insurers drive digital transformation by integrating legacy systems and innovation
OBG
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In February 2025, the Doha headquarters of Qatar Insurance Company (QIC), the country’s oldest and largest insurer, hosted a strategic meeting that underscored a key trend in the region’s financial services. QIC CEO Salem Al Mannai met with leaders of three of the GCC’s most dynamic insurance technology (insurtech) start-ups: Jaguar Transit, MIC Global and Digital Petroleum. The outcome was a…

Analysis

Qatar’s insurance market aligns with international standards amid regulatory changes
OBG
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Insurance companies worldwide have been preparing for the most significant change in global accounting standards in almost two decades. On January 1, 2023 the International Financial Reporting Standard (IFRS) 17 came into effect. Replacing the previous standard, IFRS 4, which was issued in 2004, IFRS 17 aims to standardise insurance accounting globally through a uniform approach in order to improve…

Analysis

Key drivers boost Qatar’s transport sector competitiveness
OBG
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Substantial public investment in logistics infrastructure over the past decade has helped establish a robust business environment that facilitates access for foreign companies. The government has prioritised spending in the sector to stimulate increased financing from private firms in the coming years. The development of high-tech logistics centres – including Hamad International Airport (HIA), Hamad…

Analysis

Qatar adopts smart mobility solutions for sustainable urban transport
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The GCC’s population has more than doubled over the past 25 years, growing from 26.2m in 1995 to 56.4m in 2021, outpacing the global growth rate of 30%. Urbanisation has also accelerated across the region, driven by rapid economic development, migration and the concentration of economic activities in urban centres. By 2015 the GCC led Arab countries as the most urbanised subregion, with an urbanisation…

Analysis

Qatar embraces cleaner fuels and emerging technologies for greener transport
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With fossil fuels still powering roughly 99% of global shipping, the sector is seeking to reduce emissions through cleaner fuel sources – including methanol, ammonia and wind – that could soon see increased use. Increased Investment In August 2022 Breakthrough Energy Ventures, a coalition of private investors founded by US tech entrepreneur Bill Gates, helped Danish start-up Blue World Technologies…

Analysis

Qatar leads energy innovation with investment in sustainable technologies
OBG
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Qatar is well positioned to capitalise on emerging trends in energy technologies. These include the large-scale production of hydrogen, the transformation of hydrogen into ammonia for transport and fuel, and the development of carbon capture and storage (CCS) facilities, ensuring that the former two are clean. In November 2024 QatarEnergy (QE) and Qatar Fertiliser Company (QAFCO) broke ground on what…