• Drones spell out ‘Welcome to Qatar’ to mark the start of the Fifa World Cup. Reuters
    Drones spell out ‘Welcome to Qatar’ to mark the start of the Fifa World Cup. Reuters
  • Qatar spent more than $200 billion during the past decade to stage Fifa World Cup. Bloomberg
    Qatar spent more than $200 billion during the past decade to stage Fifa World Cup. Bloomberg
  • The Qatar Financial Centre skyline. Bloomberg
    The Qatar Financial Centre skyline. Bloomberg
  • The Stadium 974 in Doha is made with 974 recycled shipping containers, 44,089 seats and tons of modular steel. Several Fifa World Cup matches were played here. Photo: Qatar Media Portal
    The Stadium 974 in Doha is made with 974 recycled shipping containers, 44,089 seats and tons of modular steel. Several Fifa World Cup matches were played here. Photo: Qatar Media Portal
  • The Doha skyline. PA
    The Doha skyline. PA
  • Cyclists ride along the Doha Corniche. Bloomberg
    Cyclists ride along the Doha Corniche. Bloomberg
  • Boats with sails showing the flags of Argentina and France ahead of their Fifa World Cup final match. Getty
    Boats with sails showing the flags of Argentina and France ahead of their Fifa World Cup final match. Getty
  • Boats with sails showing the flags of Argentina, France, Morocco and Croatia ahead of their Fifa World Cup matches. Getty
    Boats with sails showing the flags of Argentina, France, Morocco and Croatia ahead of their Fifa World Cup matches. Getty
  • Doha skyline is seen from aboard the luxury liner 'MSC World Europa' which was used as a floating hotel for football fans. Photo: Saptarshi Bandopadhyay
    Doha skyline is seen from aboard the luxury liner 'MSC World Europa' which was used as a floating hotel for football fans. Photo: Saptarshi Bandopadhyay
  • The Katara Cultural Village in Doha where the semi-final match between Argentina and Croatia was played. PA
    The Katara Cultural Village in Doha where the semi-final match between Argentina and Croatia was played. PA
  • The Doha skyline at night.
    The Doha skyline at night.
  • The Doha skyline. PA
    The Doha skyline. PA
  • Drones depicting the Fifa World Cup trophy. Reuters
    Drones depicting the Fifa World Cup trophy. Reuters
  • A building in Doha displays an animation of a football on its facade. Getty
    A building in Doha displays an animation of a football on its facade. Getty
  • Visitors take photographs alongside Fifa World Cup countdown installation. Bloomberg
    Visitors take photographs alongside Fifa World Cup countdown installation. Bloomberg
  • Traditional dhow boats moored in Doha harbour. Bloomberg
    Traditional dhow boats moored in Doha harbour. Bloomberg
  • The Museum of Islamic Art at sunset. Bloomberg
    The Museum of Islamic Art at sunset. Bloomberg
  • Travellers inside the departures terminal at Hamad International Airport in Doha. Bloomberg
    Travellers inside the departures terminal at Hamad International Airport in Doha. Bloomberg
  • Empty cafes in the Souq Waqif area of Doha during the Fifa World Cup. Bloomberg
    Empty cafes in the Souq Waqif area of Doha during the Fifa World Cup. Bloomberg

Qatar looks to boost technology and tourism sectors after buzz of World Cup


  • English
  • Arabic

Eight stadiums, 64 enthralling matches, 1.4 million fans, 12 years of preparation and a $220 billion grand sporting event. The 2022 Fifa World Cup put the spotlight on Qatar as it worked to diversify its economy by focusing on the tourism and sports technology sectors.

More than two months after the curtain came down on the football tournament, two questions remain: how is Qatar using the attention it gained? And what does the future look like for its developing sectors?

“Just after the World Cup, for about 15 days, we felt the country was empty. But then the cruise ships came and soon the other tourists trickled in,” said Boutayna Iraqi, a tour guide with 365 Adventures in Doha.

“By February, we were doing brisk business again.”

Before the World Cup, Qatar’s tourism report for the first half of 2022 showed nearly a million people visited the country from abroad.

The overall attendance at World Cup matches was 3.4 million, the Qatar News Agency reported.

Even after the World Cup buzz settled down, the country registered a “healthy growth” of visitors, with 3,559,063 people arriving on flights in January 2023, air transport statistics released by Qatar’s Civil Aviation Authority showed.

It marked a 64.4 per cent increase from the same period in 2022.

“Apart from regular tourists, we have had many groups of tour operators in the past two months, many of whom came on a recce to explore Qatar as a travel destination," Ms Iraqi said.

After every World Cup, business in the host country dips for at least six months, but Qatar "did surprisingly well”, said Sharif Massouh, a tour guide who runs Murex Activities and Tours in Doha.

“There has been an increase in demand for stadium tours. The prices for most activities are much lower now so more people are interested.

"With more sports events lined up, our hopes have increased. My business has definitely doubled vis-a-vis pre-pandemic numbers.”

Qatar now aims to attract six million visitors a year by 2030 and increase the contribution of the tourism sector to its gross domestic product from 7 per cent to 12 per cent.

Doha was recently recognised as the Arab Tourism Capital 2023 by the Arab Tourism Organisation.

The Qatar government is “particularly focused” on attracting tourists from outside the Middle East, said Nada Farouk, founder and chief executive at Turismo, an innovation-driven tourism platform.

“This includes initiatives like easing visa restrictions and investing in marketing campaigns to promote Qatar as a premium destination," she said.

"The government is also working to develop new attractions and experiences that will appeal to a diverse range of visitors.”

While Mr Massouh hopes it will become “much easier” for tourists to enter the country, Ms Iraqi is keen to see more structuring in the tourism sector.

“I also expect to see better promotion and marketing of Qatar as a tourism hub in the future,” she said.

The World Cup gave a “huge boost of confidence to the local hospitality industry”, said Martin Kendall, the general manager of City Centre Rotana, which is among the leading hotels in Doha.

“All the economic predictions, including the tourism ambitions, point to a growth trajectory … we will see more emphasis than ever on service delivery right across the value chain.”

He is also optimistic that the “new segment” of customers who visited the region for the first time during the World Cup, returned home “telling tales of discovery, great service and an exciting destination”.

Future investments

Qatar’s $450 billion sovereign wealth fund said last month it was looking to rebalance its portfolio and was considering investments in football, finance and technology.

In the run-up to the World Cup, sports technology got a big push from the state, with organisations including Qatar SportsTech and Qatar Development Bank providing support and funding to develop cutting-edge technology in the field.

Mohammad Ali Abbaspour, founder and chief executive of Sponix Tech, whose company has developed immersive match replay and virtual advertisement tools, believes other sports will adopt its technology.

“In the future, our technologies will spread out across different sports. We are ready for padel, tennis, basketball, handball and ice hockey. We have been approached for cricket, too. That is again a big market,” he said.

  • Footballers show their skills at the Corniche, in Qatari capital Doha. AP Photo
    Footballers show their skills at the Corniche, in Qatari capital Doha. AP Photo
  • Spectacular illuminated fountains at Katara Cultural Village in Doha. AP Photo
    Spectacular illuminated fountains at Katara Cultural Village in Doha. AP Photo
  • Visitors at Katara Mosque in Doha. Reuters
    Visitors at Katara Mosque in Doha. Reuters
  • Sunset silhouettes part of the 'Shadows travelling on the sea of the day' installation by Icelandic–Danish artist Olafur Eliasson, in desert near Al Zubarah, northern Qatar. AFP
    Sunset silhouettes part of the 'Shadows travelling on the sea of the day' installation by Icelandic–Danish artist Olafur Eliasson, in desert near Al Zubarah, northern Qatar. AFP
  • An open-air concert by the Qatar Philharmonic Orchestra at the Corniche. AP
    An open-air concert by the Qatar Philharmonic Orchestra at the Corniche. AP
  • A kickabout at Souq Waqif in Doha. AP
    A kickabout at Souq Waqif in Doha. AP
  • The spectacular National Museum of Qatar in Doha. AP
    The spectacular National Museum of Qatar in Doha. AP
  • Children wearing illuminated capes dance on the Corniche. AP Photo
    Children wearing illuminated capes dance on the Corniche. AP Photo
  • Customers relax on a restaurant terrace in Doha. AP
    Customers relax on a restaurant terrace in Doha. AP
  • Players tussle for the ball at Katara Beach in Doha. AP
    Players tussle for the ball at Katara Beach in Doha. AP
  • Admiring the view from the Corniche. AP Photo
    Admiring the view from the Corniche. AP Photo
  • A parade at Katara. AFP
    A parade at Katara. AFP
  • A woman gets a souvenir picture taken at the Corniche. AP Photo
    A woman gets a souvenir picture taken at the Corniche. AP Photo
  • Children playing in Katara. AFP
    Children playing in Katara. AFP
  • Taking a stroll through a floral tunnel at Al Masrah Park at the Corniche. AP
    Taking a stroll through a floral tunnel at Al Masrah Park at the Corniche. AP

With a series of big sporting events lined up in Qatar, including the Asian Games in 2030, and many others to be held in the region, the country is ready to become a global centre of sports tech, Mr Abbaspour said.

Ms Farouk said technology would have an increasing role in Qatar’s tourism sector in the coming years, but with a focus on sustainable innovation.

“We are developing cutting-edge technologies to keep up with the transformation in the sector by introducing more personalised end-to-end experiences powered by AI for our users,” she said.

The tech and tourism sectors are set to grow in the country, Mr Kendall said.

“More competitive offerings can only be good for the industry in Qatar at large," he said.

Western Region Asia Cup T20 Qualifier

Sun Feb 23 – Thu Feb 27, Al Amerat, Oman

The two finalists advance to the Asia qualifier in Malaysia in August

 

Group A

Bahrain, Maldives, Oman, Qatar

Group B

UAE, Iran, Kuwait, Saudi Arabia

 

UAE group fixtures

Sunday Feb 23, 9.30am, v Iran

Monday Feb 25, 1pm, v Kuwait

Tuesday Feb 26, 9.30am, v Saudi

 

UAE squad

Ahmed Raza, Rohan Mustafa, Alishan Sharafu, Ansh Tandon, Vriitya Aravind, Junaid Siddique, Waheed Ahmed, Karthik Meiyappan, Basil Hameed, Mohammed Usman, Mohammed Ayaz, Zahoor Khan, Chirag Suri, Sultan Ahmed

Timeline

1947
Ferrari’s road-car company is formed and its first badged car, the 125 S, rolls off the assembly line

1962
250 GTO is unveiled

1969
Fiat becomes a Ferrari shareholder, acquiring 50 per cent of the company

1972
The Fiorano circuit, Ferrari’s racetrack for development and testing, opens

1976
First automatic Ferrari, the 400 Automatic, is made

1987
F40 launched

1988
Enzo Ferrari dies; Fiat expands its stake in the company to 90 per cent

2002
The Enzo model is announced

2010
Ferrari World opens in Abu Dhabi

2011
First four-wheel drive Ferrari, the FF, is unveiled

2013
LaFerrari, the first Ferrari hybrid, arrives

2014
Fiat Chrysler announces the split of Ferrari from the parent company

2015
Ferrari launches on Wall Street

2017
812 Superfast unveiled; Ferrari celebrates its 70th anniversary

Global Fungi Facts

• Scientists estimate there could be as many as 3 million fungal species globally
• Only about 160,000 have been officially described leaving around 90% undiscovered
• Fungi account for roughly 90% of Earth's unknown biodiversity
• Forest fungi help tackle climate change, absorbing up to 36% of global fossil fuel emissions annually and storing around 5 billion tonnes of carbon in the planet's topsoil

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

Company%C2%A0profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%20%3C%2Fstrong%3ELeap%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EMarch%202021%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ziad%20Toqan%20and%20Jamil%20Khammu%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20Undisclosed%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%20%3C%2Fstrong%3ESeven%3C%2Fp%3E%0A
COMPANY%20PROFILE%20
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Haltia.ai%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%0D%3Cbr%3E%3Cstrong%3ECo-founders%3A%3C%2Fstrong%3E%20Arto%20Bendiken%20and%20Talal%20Thabet%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%0D%3Cbr%3E%3Cstrong%3ENumber%20of%20employees%3A%3C%2Fstrong%3E%2041%0D%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20About%20%241.7%20million%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Self%2C%20family%20and%20friends%26nbsp%3B%3C%2Fp%3E%0A

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

UAE currency: the story behind the money in your pockets
The five pillars of Islam

1. Fasting 

2. Prayer 

3. Hajj 

4. Shahada 

5. Zakat 

EA Sports FC 26

Publisher: EA Sports

Consoles: PC, PlayStation 4/5, Xbox Series X/S

Rating: 3/5

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

RESULT

Bayern Munich 3 Chelsea 2
Bayern: Rafinha (6'), Muller (12', 27')
Chelsea: Alonso (45' 3), Batshuayi (85')

UAE SQUAD FOR ASIAN JIU-JITSU CHAMPIONSHIP

Men’s squad: Faisal Al Ketbi, Omar Al Fadhli, Zayed Al Kathiri, Thiab Al Nuaimi, Khaled Al Shehhi, Mohamed Ali Al Suwaidi, Farraj Khaled Al Awlaqi, Muhammad Al Ameri, Mahdi Al Awlaqi, Saeed Al Qubaisi, Abdullah Al Qubaisi and Hazaa Farhan

Women's squad: Hamda Al Shekheili, Shouq Al Dhanhani, Balqis Abdullah, Sharifa Al Namani, Asma Al Hosani, Maitha Sultan, Bashayer Al Matrooshi, Maha Al Hanaei, Shamma Al Kalbani, Haya Al Jahuri, Mahra Mahfouz, Marwa Al Hosani, Tasneem Al Jahoori and Maryam Al Amri

Moon Music

Artist: Coldplay

Label: Parlophone/Atlantic

Number of tracks: 10

Rating: 3/5

Sinopharm vaccine explained

The Sinopharm vaccine was created using techniques that have been around for decades. 

“This is an inactivated vaccine. Simply what it means is that the virus is taken, cultured and inactivated," said Dr Nawal Al Kaabi, chair of the UAE's National Covid-19 Clinical Management Committee.

"What is left is a skeleton of the virus so it looks like a virus, but it is not live."

This is then injected into the body.

"The body will recognise it and form antibodies but because it is inactive, we will need more than one dose. The body will not develop immunity with one dose," she said.

"You have to be exposed more than one time to what we call the antigen."

The vaccine should offer protection for at least months, but no one knows how long beyond that.

Dr Al Kaabi said early vaccine volunteers in China were given shots last spring and still have antibodies today.

“Since it is inactivated, it will not last forever," she said.

CONFIRMED%20LINE-UP
%3Cp%3EElena%20Rybakina%20(Kazakhstan)%3Cbr%3EOns%20Jabeur%20(Tunisia)%3Cbr%3EMaria%20Sakkari%20(Greece)%3Cbr%3EBarbora%20Krej%C4%8D%C3%ADkov%C3%A1%20(Czech%20Republic)%3Cbr%3EBeatriz%20Haddad%20Maia%20(Brazil)%3Cbr%3EJe%C4%BCena%20Ostapenko%20(Latvia)%3Cbr%3ELiudmila%20Samsonova%3Cbr%3EDaria%20Kasatkina%3Cbr%3EVeronika%20Kudermetova%3Cbr%3ECaroline%20Garcia%20(France)%3Cbr%3EMagda%20Linette%20(Poland)%3Cbr%3ESorana%20C%C3%AErstea%20(Romania)%3Cbr%3EAnastasia%20Potapova%3Cbr%3EAnhelina%20Kalinina%20(Ukraine)%3Cbr%3EJasmine%20Paolini%20(Italy)%3Cbr%3EEmma%20Navarro%20(USA)%3Cbr%3ELesia%20Tsurenko%20(Ukraine)%3Cbr%3EEmma%20Raducanu%20(Great%20Britain)%20%E2%80%93%20wildcard%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3ESmartCrowd%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2018%0D%3Cbr%3E%3Cstrong%3EFounder%3A%20%3C%2Fstrong%3ESiddiq%20Farid%20and%20Musfique%20Ahmed%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%0D%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%20%2F%20PropTech%0D%3Cbr%3E%3Cstrong%3EInitial%20investment%3A%20%3C%2Fstrong%3E%24650%2C000%0D%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2035%0D%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3ESeries%20A%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EVarious%20institutional%20investors%20and%20notable%20angel%20investors%20(500%20MENA%2C%20Shurooq%2C%20Mada%2C%20Seedstar%2C%20Tricap)%3C%2Fp%3E%0A
Jawan
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EAtlee%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Shah%20Rukh%20Khan%2C%20Nayanthara%2C%20Vijay%20Sethupathi%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
Results:

6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres

Winner: AF Al Sajanjle, Tadhg O’Shea (jockey), Ernst Oertel (trainer)

7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m

Winner: Blue Point, William Buick, Charlie Appleby

7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m

Winner: Muntazah, Jim Crowley, Doug Watson

8.15pm: Meydan Trophy Conditions (TB) | $100,000 (T) | 1,900m

Winner: Art Du Val, William Buick, Charlie Appleby

8.50pm: Balanchine Group 2 (TB) | $250,000 (T) | 1,800m

Winner: Poetic Charm, William Buick, Charlie Appleby

9.25pm: Handicap (TB) | $135,000 (D) | 1,200m

Winner: Lava Spin, Richard Mullen, Satish Seemar

10pm: Handicap (TB) | $175,000 (T) | 2,410m

Winner: Mountain Hunter, Christophe Soumillon, Saeed bin Suroor

Updated: March 06, 2023, 3:04 AM