Business Etiquette
Doing business in Qatar relies on personal relationships as well as the quality of the company or service. Networking and exchanging business cards is important. Men should wear suits or…
The Banking Network in Qatar
There are hundreds of bank branches and ATMs across the country, in nearly all of the malls, hotels, souqs, hospitals and petrol stations. Visitors can usually access funds in their…
Currency and the Banking Sector in Qatar
Currency The unit of currency is the Qatari Riyal (QAR), divided into 100 Dirhams (Dh), issued by Qatar Central Bank (QCB). It is pegged to the US dollar at a…
Qatar Central Bank and Qatar Credit Bureau
Qatar Central Bank Under Law No 13 of 2012 Qatar Central Bank and the Regulation of Financial Services, QCB is deemed an autonomous corporate body, with a capital of QAR50…
Loans, Bank Charges and Interest Rates in Qatar
Loans Under QCB rules, the default period for a substandard loan is three months or more, for a doubtful loan six months, and a bad loan nine months. Banks have…
Opening a Bank Account in Qatar
Standard Bank Facilities Debit/credit cards, standing orders, money transfers, personal loans, vehicle loans, and mortgages on current and savings accounts (including joint accounts). Some accounts offer longer terms, higher interest…
Financial Services and Insurance in Qatar
Financial services are provided by entities registered with the Qatar Financial Centre (QFC). Insurance products are widely available from local and international companies (see Living in Qatar). Under Law No…
Islamic Finance in Qatar
Current Islamic institutions include Dukhan Bank, International Islamic, Masraf Al Rayan and Qatar Islamic Bank. Lesha Bank – regulated by the QFC Regulatory Authority – is the first independent, Sharia…
Qatar Economy
Economic Growth and Gross Domestic Product (GDP) One of the main…
Investment and Trade in Qatar
Qatar has one of the fastest growing global economies thanks to the third largest concentration of natural gas reserves in the world. Recent legal liberalisation, economic diversification and an expanding…
