Qatar has established a new artificial intelligence (AI) company called Qai, joining larger Gulf nations that are channeling state resources into building domestic AI capabilities and expanding their influence in the global technology sector. The company will operate as a subsidiary of the Qatar Investment...
Qatar Islamic Bank (QIB) has added a “request payment” feature to its instant payment service. The new feature, announced Monday (July 22), lets customers request a payment from a registered user on its Fawran — Arabic for “instantly” — service through the bank’s mobile app. “As part of QIB’s...
Real-time payments continue to gain global momentum in 2024. Two new national players joined the scene in March, and others are introducing significant advancements to their services. Real-Time Payments in Qatar Leading digital financial institution (FI) Qatar Islamic Bank (QIB) recently introduced the Fawran instant...
Real-time payment systems continue to see strong usage worldwide. One of the most significant developments is the European Council’s new rule to enable instant payments across the European Union and European Economic Area. Under this regulation, instant credit transfers must arrive in recipients’ accounts within...
September 21, 2026
J.P. Morgan Asset Management (JPMAM) is forming a $20 billion partnership with the Qatar Investment Authority (QIA), according to a Monday (Sept. 21) press release. The collaboration is divided into two pieces, including a $15 billion public equities mandate to support QIA’s investments and a $5 billion private markets investment project concentrating on supporting middle-market […]
December 08, 2025
Qatar has established a new artificial intelligence (AI) company called Qai, joining larger Gulf nations that are channeling state resources into building domestic AI capabilities and expanding their influence in...
July 22, 2024
Qatar Islamic Bank (QIB) has added a “request payment” feature to its instant payment service. The new feature, announced Monday (July 22), lets customers request a payment from a registered user on its...
May 04, 2023
Qatar-based eCommerce startup Snoonu has raised $12 million in a Series B funding round. “A new milestone has been achieved in our unicorn journey,” Snoonu said when announcing the funding...