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Tuesday, 14 November 2017

QFC records jump in new firms after economic blockade: Al-Jaida

QFC records jump in new firms after economic blockade: Al-Jaida:

"The Qatar Financial Centre (QFC) Authority has recorded an increase in the number of new firms after the economic blockade imposed on Qatar in June, a senior QFCA official has said.
This was on top of the 41% year-on-year increase in the new companies that have registered under the Qatar Financial Centre Regulatory Authority during the first six months of 2017, QFCA CEO Yousuf Mohamed al-Jaida told reporters yesterday on the sidelines of a special business and investment forum co-hosted by QFCA and the US embassy in Qatar.
Since June, al-Jaida said 90 new firms, mostly regional and multinational corporations, are now with the QFC. “A lot of the companies that are set up in the region, specifically in the Dubai Financial Centre have actually come back home, specifically Qatari companies,” he pointed out."



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