Qatar Business

Doha: The Investment and Trade Court has welcomed a judicial delegation from the Republic of Papua New Guinea. The delegation received a comprehensive presentation on the court’s jurisdiction and operational mechanisms, as well as an overview of the adopted judicial procedures and the digital systems employed. Headed by Chief Justice of the Republic of Papua New Guinea Sir Gibbs Gibuma Salika, the delegation also learned about best practices in adjudicating commercial and investment disputes, reflecting the institutional and digital development of the judicial system. The visit included a tour during which the delegation was introduced to the workflow mechanisms and technologies used in providing judicial services, which contribute to expediting litigation procedures and enhancing the efficiency of judicial performance. President of the Investment and Trade Court, Judge Khalid bin Ali Al Obaidly, affirmed the court’s commitment to strengthening judicial cooperation with international judicial bodies and exchanging expertise to enhance judicial work and strengthen the principles of justice in accordance with the highest international standards. For his part, Sir Gibbs Gibuma Salika and members of his accompanying delegation commended the Court’s pioneering judicial experience and its role in supporting the investment environment and promoting commercial justice. They also praised the advanced level of organization, administration, and digital infrastructure of the Investment and Commercial Court. The delegation’s visit was part of a fact-finding mission to the Court, coinciding with their visit to the country to participate in the 11th session of the Conference of the States Parties to the United Nations Convention against Corruption (UNCAC), held from December 15-19.

GCC Business

Doha, Qatar: In line with the Third Financial Sector Strategy and as part of Qatar Central Bank’s efforts to enhance digital payment systems and services, and to strengthen cooperation among GCC countries, Qatar Central Bank is pleased to announce the acceptance of the national payment card “Himyan” in the State of Kuwait. As a result of this expansion, Himyan cardholders can now carry out purchase transactions and cash withdrawals at various points of sale and ATMs throughout the State of Kuwait, in accordance with the highest security and protection standards. This initiative reflects Qatar Central Bank’s commitment to providing reliable and secure national “Himyan” card services within the local payment ecosystem, which is fully managed and operated by QCB. It also reaffirms its dedication to strengthening regional integration in the field of payment systems. “Himyan” card is considered the first national payment card with a Qatari commercial brand, owned by Qatar Central Bank. It was launched as part of QCB’s ongoing efforts to enhance and develop digital payment systems, support innovation and digital transformation in Qatar’s financial sector, and provide secure and efficient local payment options.

Qatar Business

Doha, Qatar: The Qatar Stock Exchange (QSE) index closed lower on Wednesday, decreasing by 72.03 points, or 0.67 percent, to reach 10,654.65 points. During the session, a total of 166,818,535 shares were traded, with a value of QR 699,216,571.020, through 18,702transactions across all sectors. The session saw the shares of 16 companies rise, and those of 28 companies decline, while 10 companies maintained their previous closing price. At the end of the trading session, the market capitalization stood at QR 637,592,717,494.960, compared to QR 642,697,130,756.414 in the previous session.