{
}
Media City Qatar reported over 100 companies registered during the Web Summit Qatar 2025, highlighting the nation's expanding media ecosystem. This initiative, in partnership with the Qatar Financial Centre, offers incentives like fee waivers for the first four years to qualifying media firms. CEO Eng. Jassim Mohamed Al Khori emphasized the importance of these developments in supporting Qatar National Vision 2030 and fostering a vibrant media industry.
GCC countries saw a 1.7% inflation rise in October 2024, driven mainly by a 6.4% increase in housing costs. Other contributors included a 3% rise in goods and services and a 1.7% uptick in restaurant and hotel prices, while transportation costs fell by 3.6%. Kuwait led the region with a 2.4% inflation rate, surpassing the EU's 2.3%.
Qatar will host the inaugural MWC Doha on November 25-26, 2025, marking a significant milestone for digital transformation in the MENA region. This event aligns with Qatar National Vision 2030, focusing on advancing digital innovation, attracting investments, and strengthening the ICT sector through discussions on 5G, AI, fintech, and smart mobility. The five-year agreement with GSMA underscores Qatar's commitment to becoming a global hub for digital innovation and collaboration.
Qatar has launched the Startup Business Development Grant to enhance research, development, and innovation within early-stage startups and SMEs, aiming to reduce investment risks and expedite commercialization. This initiative aligns with Qatar's Vision 2030, targeting sectors like healthcare, logistics, smart cities, and tourism to position the nation as a global innovation hub. Entrepreneurs can apply through the Innolight platform for eligibility and funding details.
Lebanon's private sector showed growth in February, with a PMI of 50.5, supported by increased new business, particularly from abroad. Optimism surged following the election of a pro-reform president, despite ongoing security concerns due to Israel's presence in strategic areas. Meanwhile, the UAE's non-oil sector maintained steady growth, with a PMI of 55, reflecting improved business conditions and rising new orders, although challenges like intense competition and limited job creation persist.
The QRDI Council has launched the Small Business Innovation Grant (SBIG) to support early-stage SMEs in Qatar by enhancing R&D and innovation. This initiative aims to reduce investment risks, improve product readiness, and drive economic diversification, particularly in key sectors like healthcare and smart cities. By providing targeted funding, the grant seeks to help SMEs scale and commercialize technologies for global markets.
US payment firm Yuno has established its regional headquarters in Qatar, marking a significant expansion in the Middle East. The company aims to enhance its presence in the region, reflecting the growing importance of digital payment solutions. Yuno's move underscores the increasing investment in fintech across the Gulf states.
Huawei has solidified its role in Qatar's digital transformation by forming strategic partnerships at Web Summit Qatar 2025, focusing on cloud infrastructure, ICT talent development, and technological innovation. Key collaborations include the establishment of the QDA & Huawei ICT Academy and a smart media campus with Media City Qatar, aimed at enhancing customer experiences in the media sector. These initiatives align with Qatar's National Vision 2030, promoting innovation and positioning the nation as a global technology hub.
The Middle East sports market, valued at $600 billion, is rapidly evolving into a global hub, with over $65 billion invested by the UAE and Saudi Arabia. Major events like the 2022 FIFA World Cup and the Abu Dhabi Grand Prix significantly boost local economies, while innovative sponsorships enhance fan engagement. This growth not only drives tourism and job creation but also aligns with broader economic and social goals, showcasing the region's commitment to sports as a catalyst for development.
Disrupt.com, a UAE-based venture builder, has committed $100 million to fund AI-first startups, focusing on sectors like AI, cybersecurity, and Web 3.0. This investment comes amid a declining funding market, with Disrupt.com aiming to support founders through hands-on collaboration and operational expertise. Current portfolio highlights include ZigChain and PureSquare, showcasing the firm's commitment to innovation in technology.
Qatari Riyal
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
media city qatar attracts over 100 companies at web summit 2025
08:34 11.03.2025
gcc inflation rises 1.7 percent in october driven by housing costs
06:36 10.03.2025
qatar to host inaugural mwc doha in 2025 marking digital innovation milestone
15:17 06.03.2025
Qatar launches grant to boost innovation and support early-stage startups
United States Dollar
Qatari Riyal
QAT
EGY
SAU
ARE
Ahmed Amir
Sherif Ramadan
Ahmed Mamdouh
Mohamed Shalabi
Show more
17:57 05.03.2025
Lebanon's private sector growth supported by new business and optimism
Euro
United States Dollar
Qatari Riyal
Lebanese Pound
Blominvest Bank SAL
ARE
QAT
EGY
KWT
LBN
SAU
David Owen
Mira Said
Show more
12:29 05.03.2025
Qatar launches innovation grant to support early-stage small businesses
11:20 05.03.2025
Yuno establishes regional headquarters in Qatar to expand payment services
11:32 04.03.2025
huawei partners with qatar organizations to drive digital transformation initiatives
22:07 03.03.2025
Middle East sports market transforms passion into economic growth and opportunity
United Arab Emirates Dirham
United States Dollar
Qatari Riyal
British Pound Sterling
Saudi Riyal
Coca-Cola
ARE
GBR
SAU
QAT
Show more
12:48 03.03.2025
disrupt com commits 100 million to fund ai first startups globally
United States Dollar
Qatari Riyal
Egyptian Pound
Saudi Riyal
Qatar Airways
ARE
SAU
QAT
Pierre Noel
Aaqib Gadit
Uzair Gadit
Lucy Amanda
Naser Aldossary
Umair Gadit
Yousef Albabtain
Show more
14:37 02.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
CEO Changes
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
Global Trade Developments
Industry Mergers & Acquisitions
Financial Scams and Security
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Startups & Entrepreneurship
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Barclays PLC
Bank of America Corporation
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Microsoft Corporation
Credit Suisse Strategic Income I
NVIDIA Corporation
Amazon.com, Inc.
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Australian Dollar
Canadian Dollar
United Arab Emirates Dirham
Indonesian Rupiah
Saudi Riyal
South Korean Won
Danish Krone
Offshore Chinese Yuan
Turkish Lira
Hong Kong Dollar
Mexican Peso
Malaysian Ringgit
People: