Category: Market

Manama, Qatar Chamber recently participated in the activities of the 5th World Entrepreneurs Investment Forum (WEIF) held in Manama from May 14 to 16, in conjunction with the 33rd Arab Leaders Summit.

Held under the theme Achieving the SDGs through Fostering Innovation and Economic Growth, the forum was organized by the General Secretariat at the UNIDO Investment and Technology Promotion Office in the Kingdom of Bahrain in partnerships with the League of Arab States, the Ministry of Industry and Commerce in Bahrain, the Union of Arab Chambers, the Arab Bank for Economic Development in Africa, the Bahrain Chamber of Commerce, and a number of local, regional, and international partners.

In his remarks, board member Abdulrahman bin Abduljaleel Al Abdulghani said that the forum aims to support sustainable development by enhancing innovation and stimulating economic growth. He also stressed the vital role that entrepreneurs paly in diversifying the economy and promoting sustainability, as well as enhancing innov
ation, which is essential for transitioning to a knowledge-based economy. Al Abdulghani further highlighted the Chambers interest in supporting entrepreneurs, helping them start their businesses and facilitating their participation in exhibitions, both domestically and internationally, that the Chamber organizes or takes part in.

The forums working sessions addressed a number of topics such as building sustainable partnerships and creating a brighter future for Arab and African entrepreneurs. They also dealt with sustainable smart financial inclusion, entrepreneurship, and innovation – enabling ecosystems, and investment pathways to achieve the SDGs.

Source: Qatar News Agency

The State of Qatar participated in the Preparatory Meeting of the Economic and Social Council for the 33rd Arab Summit at the Ministerial level, which was held in the Bahraini capital of Manama.

Deputy Undersecretary for Economic Affairs at the Ministry of Finance, Dr. Saud bin Abdullah Al Attiyah, chaired the State of Qatar’s delegation to the meeting.

A number of Their Excellencies ministers from the Council countries and the Arab League member states took part in the meeting, which discussed many important topics attached to this session, in addition to exchanging opinions and viewpoints regarding what was presented on the Council’s agenda.

The meeting also touched on several topics, including the Arab League Secretary-General’s report on joint Arab economic and social development, the progress made in establishing the Arab Free Trade Area, linking social development institutions and banks, and Arab cooperation in the field of financial technology, innovation and digital transformation.

Several other t
opics and developments related to the economic and social agenda were also discussed.

Source: Qatar News Agency

Doha: HE Minister of Commerce and Industry Sheikh Mohammed bin Hamad bin Qassim Al-Thani met Monday with HE Minister of Industry and Trade of the Kingdom of Morocco Ryad Mezzour, who is on a visit to the country.

During the meeting, they discussed topics of shared interest and ways to reinforce cooperation between the two countries in trade, investment, and industrial fields.

HE the Minister of Commerce and Industry affirmed, during the meeting, the successful economic policies laid out by the State of Qatar in support of the private sector, highlighting the incentives, legislation, and promising opportunities available in the country to encourage investors, businessmen and owners of companies to invest in the State of Qatar.

Source: Qatar News Agency

Doha: Ooredoo has inked an agreement with Seashore Group to boost sustainable management of electronic waste and joint commitment to environmental responsibility in Qatar.

Under the agreement, the two sides will enhance their partnership on e-waste disposal and recycling and their efforts to further integrate sustainability into their operational practices.

Chief Executive Officer at Ooredoo Qatar, Sheikh Ali bin Jaber Al-Thani said: “Our partnership with Seashore Group is a pivotal element of our sustainability strategy. It demonstrates our unwavering commitment to environmental stewardship and leverages collective action to enhance our contributions. Together, we are setting a benchmark for sustainable business practices in the region and helping to cultivate a culture of sustainability that benefits both our community and the planet.” CEO of Seashore Group, Salem Saeed Al Mohannadi, said: “We share Ooredoo Qatar’s unwavering commitment to environmental stewardship and recognize the collective impact we c
an achieve through collaboration.

“Our partnership indeed sets a benchmark for sustainable business practices, demonstrating our dedication to fostering a culture of sustainability that extends benefits to our community and the planet at large. We look forward to continuing our joint efforts and furthering our shared goals of environmental responsibility and sustainable development”.

As part of the new agreement, Ooredoo Qatar will enhance its e-waste collection, disposal, and recycling processes, while Seashore Group will continue to lend its expertise in responsibly managing Waste Electrical and Electronic Equipment (WEEE), ensuring that the e-waste generated from Ooredoos operations is processed in an environmentally sound manner.

The collaboration will also include a series of e-waste collection drives, employee engagement programs, and public awareness campaigns aimed at promoting the importance of responsible e-waste recycling.

This initiative aligns with Ooredoos ongoing commitment to spearhead dig
ital transformation while fostering sustainable practices that have a positive societal and environmental impact.

A successful pilot of this newly expanded e-waste initiative was first launched in 2023 and enabled customers to bring their unwanted devices to selected Ooredoo shops, where they were collected by partner Seashore, with the customer receiving Nojoom Points as a reward. The program was a resounding success and was recognized for Outstanding Commitment to CSR at the Qatar CSR Award Ceremony last year.

Source: Qatar News Agency

Doha: HE Minister of Commerce and Industry (MoCI) Sheikh Mohammed bin Hamad bin Qassim Al-Thani met Monday with HE Minister of Investment, Trade and Industry in Malaysia, Zafrul Tengku Abdul Aziz, who is on a visit to the country.

During the meeting, they discussed topics of shared interest and ways to reinforce cooperation between the two countries in trade, investment, and industrial fields.

HE the Minister of Commerce and Industry affirmed, during the meeting, the successful economic policies laid out by the State of Qatar in support of the private sector, highlighting the incentives, legislation, and promising opportunities available in the country to encourage investors, businessmen and owners of companies to invest in the State of Qatar.

Source: Qatar News Agency

European stock indices on Monday closed trading stable as investors awaited the release of a series of economic data from the euro zone and a major statement on inflation in the United States this week.

The European Stoxx 600 index saw no significant change, and remained close to the record high levels it had achieved earlier.

Automotive stocks led the gains, recovering from a four-day losing streak, while defense stocks fell 1.2 percent.

The Stoxx 600 index regained its momentum in the middle of this month after geopolitical tensions and uncertainties related to monetary policy led to its decline last April.

Investors are awaiting the inflation readings of producer and consumer prices in the United States, scheduled to be released on Tuesday and Wednesday, which will determine the fate of interest rate cuts by the Federal Reserve (the US central bank) this year.

Source: Qatar News Agency