Imec appoints Dr. Aymen Adam Mohib as Regional Managing Director of imec Qatar
Imec, the world’s leading R&D center for advanced semiconductor technology, has appointed Dr. Aymen Adam Mohib as Regional Managing Director of imec Qatar, effective October 1, 2026. Based at Qatar Science & Technology Park (QSTP), Dr. Aymen Adam Mohib will lead the organization’s operations in Qatar and deepen its engagement across the Middle East.Dr. Aymen brings more than 20 years of leadership experience in strategy, investment, and economic development. Most recently, as a founding executive at Invest Qatar, he led strategic clusters including semiconductors, health and biopharma, and advanced manufacturing. “Dr. Aymen brings the experience and strategic perspective to guide imec Qatar’s next phase of growth, said Patrick Vandenameele, CEO of imec. His appointment reflects our long-term commitment to Qatar and the Middle East. Under his leadership, imec Qatar will deepen strategic partnerships“
Business Leaders Middle East: A Middle East Business Publication
Business in the Middle East is busy right now. New companies keep showing up, older ones are growing, and the people running them are working out how to keep up with customers and markets that don’t stand still. Not all of that gets reported. Business Leaders Middle East is a Middle East business publication that covers the people, companies and developments in the region’s business community. Middle East business news and features Companies don’t just grow through numbers and announcements. There are people, decisions and ideas behind them. A new business gets going. A firm opens in another country. Someone makes a big investment, or builds a company from scratch. We cover these through interviews, features, company updates and leadership insights, across technology, finance, real estate, investment, energy, healthcare, hospitality and entrepreneurship. These stories are useful for what they teach. Readers get a clearer view of how different industries work and where they’re heading. Why we talk to business leaders in the Middle East Business news isn’t just numbers and announcements. People make the decisions, they run into problems, and there’s usually an idea behind the company that gets lost in a short news item. So we speak directly with executives and entrepreneurs and let them describe what they’ve been through, what they plan to do and how they see their industry. Our company features and industry stories help readers follow what’s happening and see how businesses are responding to opportunities across the region. For anyone who wants to keep up with Middle East business news, that mix is more useful than headlines alone. Getting your company seen Say you’ve launched a new project, entered a new market, introduced a service or reached a milestone. Getting that in front of the right readers can make a real difference, and a business publication is one way to do it. More people learn who you are and what you offer. Business Leaders Middle East gives companies and professionals an editorial space to share their work, experience and ideas with readers who care about business in the region. The point is to tell the story clearly, not to run an advert. A good piece gives the reader something worth knowing, and they come away understanding the company behind it. A region that keeps growing Qatar, the UAE, Saudi Arabia and other markets are seeing activity in technology, real estate, finance, tourism, energy and more. Businesses from around the world are watching, and many are investing. If you operate in these markets, being visible and able to explain what you do matters more than it used to. We’re a place for that conversation, and it’s open to large corporations, growing companies and entrepreneurs alike. Publish With Us Have something to share? Take a look at our Publish With Us option. A company announcement, a leadership story, an industry insight, a new project or an achievement all fit. We aim to present each one so it’s relevant to readers and useful to the wider business community. If your organisation wants to introduce its work to a professional audience, publishing with a business-focused platform is a practical way to build awareness and start new conversations. To learn more about Publish With Us, contact the Business Leaders Middle East team.
Qatar mandates IFRS S1 and IFRS S2 for banks and financial institutions
Qatar’s inward FDI rises 3.3 percent to QR172.2 billion in Q1 2026
The National Planning Council (NPC), in cooperation with the Qatar Central Bank (QCB), has released the results of the Foreign Direct Investment Survey for the first quarter of 2026. The survey showed continued growth in both inward and outward FDI between January and March, providing a positive indication of the country’s investment momentum. Foreign Direct Investment (FDI) in Qatar continued its upward trajectory during the first quarter of 2026, with the country’s inward FDI position rising 3.3 percent to QR172.2 billion at the end of March, reflecting sustained investor confidence in the Qatari economy and its long-term growth prospects. At the same time, Qatari investments abroad continued to expand, with the outward FDI position increasing 3.5 percent compared with the fourth quarter of 2025 to reach QR221.7 billion. The latest figures underline the growing two-way flow of investment and Qatar’s strengthening position as both an attractive destination for international capital and an increasingly active investor in global markets. Dr Abdulaziz bin Nasser bin Mubarak Al Khalifa, secretary general of the National Planning Council, said the increase in inward FDI during the first quarter was a positive indicator of Qatar’s investment trajectory. He stressed that the country’s investment strategy is focused not only on increasing the volume of investment but also on improving its quality and maximising its contribution to economic diversification, productivity, knowledge and technology transfer, and the development of high-value-added sectors. The Council’s priority in the coming period, he said, would be to further enhance the attractiveness of the Qatari economy to quality investments and accelerate investment growth in non-hydrocarbon sectors. This approach is aligned with the objectives of the Third National Development Strategy and Qatar National Vision 2030. The distribution of inward FDI during the first quarter showed a continued concentration in five major economic activities, which together accounted for more than 90 percent of total inward investment. Mining and quarrying remained the largest recipient, accounting for 45.3 percent of inward FDI, followed by financial and insurance activities with 31.9 percent. Manufacturing accounted for 13 percent, while information and communication activities represented 2.8 percent and professional, scientific and technical activities accounted for 2 percent. The figures highlight the continued importance of Qatar’s energy sector in attracting foreign capital, while also pointing to significant opportunities to broaden the investment base. Increasing the share of FDI flowing into manufacturing, technology, professional services and other non-hydrocarbon activities remains a key element of Qatar’s diversification strategy. A broader distribution of foreign investment across sectors would help strengthen the resilience of the economy, create new business opportunities and support the development of knowledge-intensive and high-value-added industries. Qatar’s outward FDI also recorded solid growth in the first quarter, rising 3.5 percent from the previous quarter to QR221.7 billion. The increase reflects the expanding international presence of Qatari investors and the development of economic and investment partnerships in overseas markets. The growth in outward investment also supports Qatar’s strategy of diversifying its assets geographically and across sectors, while seeking sustainable long-term returns. Financial and insurance activities represented the largest share of outward FDI at 33.5 percent, followed by mining and quarrying at 29.8 percent. Information and communication activities accounted for 10.8 percent, accommodation and food service activities 9.1 percent, and transport and storage 7 percent. Together, these five activities accounted for more than 90 percent of Qatar’s outward FDI, reflecting the broadening international footprint of Qatari capital across financial services, natural resources, technology, hospitality and logistics. The latest FDI figures are also part of the National Planning Council’s broader efforts to enhance the quality, coverage and regularity of Qatar’s economic statistics. The data are intended to provide policymakers, investors and other stakeholders with a clearer picture of investment trends and their contribution to national development.
Shell: Qatar LNG repairs may take until q1 2027
Qatar’s damaged liquefied natural gas (LNG) production could take until the first quarter of 2027 to fully repair, Shell has said. Chief financial officer Sinead Gorman told reporters, as cited by Bloomberg, that sections of Shell’s Pearl gas-to-liquids plant hit by a missile strike during the Middle East conflict should be back in service by the first quarter of 2027. However, unaffected units at the facility could restart as soon as shipping lanes reopen. Despite that, Shell’s guidance for the third quarter assumes zero output from Qatar, a sign of how uncertain the timeline for a full resumption remains. Shell holds a 30 percent stake in QatarEnergy LNG’s fourth expansion train at Ras Laffan, equivalent to 2.4 million tonnes a year of equity production, a facility that has continued operating throughout the disruption. Chief executive Wael Sawan, speaking to Bloomberg Television, described the power cut as a short-term event rather than a structural one, while Ms Gorman had earlier this year flagged Qatar as the single biggest swing factor in the group’s gas output. QatarEnergy shut in production across its LNG facilities on March 2 and later declared force majeure, a step that has weighed heavily on Shell’s Integrated Gas division, where production fell 31 percent quarter-on-quarter, and LNG liquefaction slipped 2 percent.
Qatar buys dozens of US LNG cargoes to keep Asian partners supplied
Tanker carrying Qatari LNG struck while transiting Hormuz
A liquefied natural gas tanker carrying a shipment from Qatar was struck by a projectile while transiting the Strait of Hormuz, according to security intelligence firms and ship tracking data, threatening to further disrupt deliveries of the super-chilled fuel through the key waterway. Security consultancies Vanguard Tech and Marisks identified the ship as the Gaslog Shanghai LNG tanker. The UK Maritime Trade (UKMTO) Operations had alerted that a vessel was struck in the strait off the Omani coast overnight, without identifying it. There was no environmental impact so far, the UKMTO said. The carrier picked up an LNG shipment from Qatar around July 27, and stopped sending a signal on July 31 near the western entrance of Hormuz, according to ship-tracking data compiled by Bloomberg and Kpler. It appears that the ship wasn’t sending a signal when it was struck in Hormuz. Greece-based Gaslog, which manages the vessel, didn’t immediately respond to a request for comment outside of regular business hours. The conflict in the Middle East has disrupted LNG traffic through the Strait of Hormuz — a conduit for about a fifth of global flows of the super-chilled fuel. In early July, a Qatari LNG tanker was hit near Hormuz, forcing the world’s second largest exporter of the fuel to pause shipments through the waterway for three weeks. The UKMTO said in a separate alert that another tanker reported seeing an explosion in the water near to it. The vessel wasn’t damaged. In the same week, another Gaslog LNG carrier was hit while in a northern Egyptian port. The Gaslog Salem was struck by a drone at Damietta, security firms said, with no one having claimed for the attack thus far.
Nepal devastated by catastrophic floods
A landscape buried in mud. Thousands of families waiting for answers. A nation confronting one of its deadliest disasters in decades. Nepal continues to reel from the catastrophic August 26, 2026 flash floods, triggered after a glacier collapse sent enormous volumes of water, mud and debris through Himalayan valleys and communities. More than 1,300 people have died across Nepal and Tibet, while thousands remain missing. Rescue teams are still searching hydropower tunnels where workers are feared trapped beneath debris. Homes, roads, bridges and major energy infrastructure have been destroyed. The disaster has also damaged multiple hydropower projects and left communities facing a long and difficult recovery. UNDP estimates that approximately 2.2 million tonnes of debris were deposited across analysed areas in Nepal. Behind every number is a family, a home and a community changed forever. Nepal now faces not only recovery – but an urgent question about climate resilience in the Himalayas.
Qatar National Bank is testing investor appetite with a new US$2 billion (QR7.28 billion) loan
Qatar National Bank (QNB), leaning on Asian banks for the first time to broaden its funding base, is testing investor appetite with a new US$2 billion (QR7.28 billion) loan. The Gulf’s biggest lender launched an unsecured five-year term facility targeting only Asian lenders, and strong demand allowed it to double the size from an initial US$1 billion (QR3.64 billion). It was priced at 80 basis points over SOFR with a top-level upfront fee of 110 basis points, and QNB called it the largest Asian pure-play syndication by a GCC bank, achieving the tightest pricing for the region. Mizuho Bank acted as sole coordinator, bookrunner and mandated lead arranger. CEO Abdulla Mubarak Al Khalifa said the oversubscription despite challenging global conditions reaffirms QNB’s reputation as a high-quality issuer and fits the bank’s strategy to diversify relationships worldwide. The deal marks a shift for QNB, which has historically relied on global and regional banks for its syndicated loans, including a US$3.5 billion (QR12.74 billion) dual-tranche facility in 2020 and a US$2 billion (QR7.28 billion) refinancing in 2023. With this Asian-focused transaction, QNB is tapping deeper liquidity pools in Japan, China and Southeast Asia as it funds general corporate purposes and continues expanding across MEASEA. The success signals that top-rated Gulf banks can still command competitive terms even as funding costs remain elevated.
GENERAL TAX AUTHORITY SIGNS MOUS TO STRENGTHEN PROFESSIONAL QUALIFICATION IN THE TAX FIELD
The General Tax Authority places great importance on building effective partnerships with national educational institutions to support the development of professional training and qualification programmes and strengthen its efforts to build specialised expertise in the tax field. As part of these efforts, the Authority signed a Memorandum of Cooperation with Qatar Finance and Business Academy. The agreement was signed by HE Khalifa bin Jassim Al Jaham Al Kuwari, president of the General Tax Authority, and Dr. Khalifa Al Salahi Al Yafei, CEO of Qatar Finance and Business Academy. The Authority also signed a Memorandum of Cooperation with Qatar University, represented by Ghanim bin Khalifa Al Attiyah, assistant president of the General Tax Authority for Tax Affairs, and professor Dr. Ibrahim Mohammed Al Kaabi, executive vice president for academic affairs at Qatar University. These partnerships support the development of the “Tax Specialist” programme, helping to enhance the readiness and capabilities of professionals to keep pace with developments in the tax landscape. The collaboration aims to expand opportunities for partnership and facilitate the exchange of expertise and knowledge between the Authority and academic and professional institutions. It also seeks to leverage their capabilities to enhance professional qualifications in tax-related disciplines, contributing to the development of qualified national human capital capable of meeting labour market needs and supporting the country’s economic development. These partnerships will enable the participating entities to benefit from the “Tax Specialist” Certificate programmes and contribute to its delivery and further development. This, in turn, will support the qualification and certification of specialists capable of providing tax services and advisory support in accordance with the regulations, rules, and instructions approved by the Authority. It will also contribute to enhancing the quality of professional practices and promoting efficiency, transparency, and compliance in the services provided to taxpayers. This initiative forms part of the Authority’s efforts to make the “Tax Specialist” Certificate available in the future to a broader range of individuals seeking to specialise and pursue careers in the tax field. At a later stage, the Authority also looks forward to opening the programme to other national educational institutions, encouraging Qatari youth to pursue careers in taxation and helping meet the growing demand for specialised professionals within the Authority and across various entities and sectors in the State of Qatar. The General Tax Authority affirmed that building sustainable partnerships with educational and professional institutions is a key pillar in advancing professional qualification and development. Such partnerships will help the tax sector keep pace with developments in the field, while responding to labour market needs and supporting economic development in the State of Qatar. pibus leo.
