Latest news with #ThirdFinancialSectorStrategy
Zawya
14-04-2025
- Business
- Zawya
Qatar's QCB announces provision of multiple wallets per mobile number feature
Doha: Qatar Central Bank (QCB) announced the provision of the 'Multiple Wallets per Mobile Number' feature in Qatar Mobile Payment (QMP) system, in line with the Third Financial Sector Strategy, and as part of QCB's ongoing efforts to enhance the mobile payment services in the country. In a post on its X account (previously known as Twitter), QBC said that this feature allows the opening of two wallets for the same user using the same mobile number with different payment service providers. It also allows users to set one default account to receive all incoming transfers as well as manage the accounts and change the default account at any time. QCB stressed that this step marks a significant advancement in mobile payment, enhancing the users' experience, fostering competition and innovation, and supporting financial inclusion, adding that it also underscores the bank's commitment to enhancing mobile payment services and further enhancing financial inclusion in the country. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
11-03-2025
- Business
- Zawya
Qatar: QSE fully waives trading fees on ETFs, aims improved market liquidity
Qatar - This decision reflects the QSE's commitment to stimulating ETF trading by reducing financial burdens on investors, increasing market liquidity, and enhancing investment competitiveness. By providing a low-cost trading environment, the bourse aims to encourage portfolio diversification and expand the investor base for ETFs. Qatar Stock Exchange (QSE) has completely waived its trading fees on exchange-traded funds (ETFs), effective from March 16, as part of efforts to enhance the attractiveness of ETFs for both investors and brokers, while significantly improving liquidity in the market. This decision reflects the QSE's commitment to stimulating ETF trading by reducing financial burdens on investors, increasing market liquidity, and enhancing investment competitiveness. By providing a low-cost trading environment, the bourse aims to encourage portfolio diversification and expand the investor base for ETFs. The elimination of trading fees is expected to stimulate trading activity in ETFs and boost assets under management, contributing to the development of a competitive investment environment in line with global best practices. "This initiative is part of QSE's Strategic Vision (2024-30) to enhance market efficiency and boost investment attractiveness. By waiving our ETF trading fees, we aim to attract more investors, enhance ETF liquidity, and position the QSE as a more competitive market regionally and globally, and this comes in line with Qatar's Third National Development Strategy (2024-30) and Third Financial Sector Strategy," said Abdulaziz Nasser al-Emadi, acting chief executive officer of QSE. Through this initiative, the QSE aims to create an attractive investment environment for both local and international investors. It also seeks to strengthen the role of ETFs as a key investment tool in the Qatari financial markets, enabling investors to better leverage the diversification and liquidity benefits offered by ETFs. According to Market Notice No. 008 of 2014, the 50% maximum rebate on trading commissions set by the Qatar Financial Markets Authority applies only to equity trading. Similar to fixed income instruments, brokers are permitted to offer higher discounts on ETF trading commissions. The decision to waive trading fees on ETFs comes after the QSE recently removed the minimum trading commission of QR30, replacing it with a fixed proportional commission rate of 0.00275 with no minimum threshold.
Zawya
07-03-2025
- Business
- Zawya
Qatar: QSE removes minimum trading commission; lowers transaction costs, boost market liquidity
The Qatar Stock Exchange (QSE) has removed the minimum trading commission of QR30, replacing it with a fixed proportional commission rate of 0.00275 with no minimum threshold. This change -- which will take effect on March 16, 2025 -- seeks to empower investors, particularly retail investors, by reducing transaction costs and broadening market access. By lowering transaction costs and facilitating market access, the initiative is expected to encourage more frequent trading, improve market transparency, and enhance the overall investment experience. The revised commission structure is expected to boost market liquidity, attract a more diverse investor base, and enhance the overall efficiency and competitiveness of Qatar's financial market on both a regional and global scale. This initiative aligns with Qatar's Third National Development Strategy (2024-30) and Qatar's Third Financial Sector Strategy (3FSS), which aims to foster sustainable economic growth by creating an inclusive and dynamic investment environment. The QSE's moves comes as part of its ongoing efforts to enhance market liquidity, stimulate trading activity, and strengthen market competitiveness. "This initiative is a key step in our strategy to enhance trading activity and increase market liquidity. By removing the minimum trading commission, we are providing investors with greater flexibility in executing their trades, fostering a more attractive and competitive investment environment, and supporting the sustainable growth of Qatar's financial market," said Abdulaziz Nasser al-Emadi, Acting chief executive Officer of QSE. The decision aligns with global best practices and represents a significant milestone in the development of Qatar's financial sector. The removal of the minimum commission is anticipated to increase daily trading volumes, as investors will have the flexibility to execute smaller transactions without concerns over cost barriers. The change will also provide greater incentives for brokerage firms, supporting their ability to attract new investors and diversify their client base. The bourse reaffirms its commitment to market development through strategic initiatives and regulatory enhancements that drive liquidity, promote investment diversification, and elevate investor engagement, all in alignment with QSE's strategy (2024-30). © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
07-03-2025
- Business
- Zawya
Qatar's QSE to remove minimum trading commission effective March 16
Doha, Qatar: As part of its ongoing efforts to enhance market liquidity, stimulate trading activity, and strengthen market competitiveness, the Qatar Stock Exchange (QSE) has announced the removal of the minimum trading commission of QAR 30, replacing it with a fixed proportional commission rate of 0.00275 with no minimum threshold. This change will take effect on Sunday, March 16, 2025. In a statement on its website, QSE pointed out that this initiative aligns with Qatar's Third National Development Strategy (2024-2030) and Qatar's Third Financial Sector Strategy (3FSS), which aims to foster sustainable economic growth by creating an inclusive and dynamic investment environment. By removing the minimum trading commission, QSE seeks to empower investors, particularly retail investors, by reducing transaction costs and broadening market access. Commenting on the announcement, Acting Chief Executive Officer of Qatar Stock Exchange Abdulaziz Nasser Al Emadi said: "This initiative is a key step in our strategy to enhance trading activity and increase market liquidity. By removing the minimum trading commission, we are providing investors with greater flexibility in executing their trades, fostering a more attractive and competitive investment environment, and supporting the sustainable growth of Qatar's financial market." He further noted that the decision aligns with global best practices and represents a significant milestone in the development of Qatar's financial sector. By lowering transaction costs and facilitating market access, the initiative is expected to encourage more frequent trading, improve market transparency, and enhance the overall investment experience. Additionally, the removal of the minimum commission is anticipated to increase daily trading volumes, as investors will have the flexibility to execute smaller transactions without concerns over cost barriers. The change will also provide greater incentives for brokerage firms, supporting their ability to attract new investors and diversify their client base. Qatar Stock Exchange reaffirms its commitment to market development through strategic initiatives and regulatory enhancements that drive liquidity, promote investment diversification, and elevate investor engagement, all in alignment with Qatar Stock Exchange's Strategy (2024-2030). © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. ( The Peninsula Newspaper
Zawya
17-02-2025
- Business
- Zawya
Qatar Central Bank issues Data Handling and Protection Regulation
DOHA: In line with the Third Financial Sector Strategy and as part of Qatar Central Bank's ongoing efforts to regulate the financial sector and secure its data, QCB has issued the Data Handling and Protection Regulation for financial institutions in the State of Qatar. The Qatar Central Bank highlighted that this regulation sets clear guidelines for financial institutions on data protection, governance, and security, ensuring compliance with industry-leading practices. The regulation addresses key domains such as organizational and data governance, customer protection, data security, business continuity, and disaster recovery. By issuing this regulation, the Qatar Central Bank aims to establish an advanced and suitable regulatory framework for financial institutions and fintech companies in the country, fostering the development of innovative solutions in the financial sector. The goal is to provide advanced financial services efficiently while ensuring data protection. The Qatar Central Bank stressed the need for compliance with this data handling and protection regulation for financial institutions in Qatar, which will foster adherence to information security and data protection requirements. This will be achieved through a secure data handling approach, which involves managing risks through the implementation of best governance practices and operational security controls. The Qatar Central Bank emphasizes the importance of securing data usage within the financial sector and protecting customer data in light of growing security and privacy risks. QCB reaffirms its ongoing commitment to utilizing the best available technologies in data protection, ensuring a secure environment for financial institutions and their customers in all daily financial and banking transactions. The regulation can be viewed on Qatar Central Bank's official website.
