Regulatory agencies play a critical role in overseeing and enforcing regulations in the business world.
In Qatar, there are numerous regulatory agencies that are responsible for ensuring compliance with laws and regulations in various industries.
In this article, we list top 20 regulatory agencies in Qatar, below:
1. Ministry of Commerce and Industry (MOCI):
MOCI is responsible for regulating and promoting business and trade activities in Qatar. It issues licenses, monitors market competition, and protects consumer rights.
2. Qatar Financial Markets Authority (QFMA):
QFMA regulates and supervises financial markets, securities, and insurance activities in Qatar to ensure fair and transparent dealings.
3. Qatar Central Bank (QCB):
QCB is the central bank of Qatar and is responsible for monetary policy, supervision of banks, and maintenance of financial stability in the country.
4. Qatar Financial Center Regulatory Authority (QFCRA):
QFCRA regulates and supervises the activities of businesses operating within the Qatar Financial Center, a business and financial hub in Qatar.
5. Qatar Petroleum (QP):
QP is the state-owned oil and gas company in Qatar and is responsible for regulating and managing the country’s oil and gas resources.
6. Qatar General Electricity and Water Corporation (KAHRAMAA):
KAHRAMAA is responsible for regulating and providing electricity and water services in Qatar.
7. Qatar Civil Aviation Authority (QCAA):
QCAA is responsible for regulating and overseeing the aviation industry in Qatar, including air traffic control and safety.
8. Supreme Committee for Delivery and Legacy (SC):
The SC is responsible for organising and delivering major sporting events in Qatar, including the FIFA World Cup 2022.
9. Qatar Tourism Authority (QTA):
QTA is responsible for promoting and regulating the tourism industry in Qatar, including licensing and classification of hotels and restaurants.
10. Qatar National Tourism Council (QNTC):
QNTC is responsible for developing and promoting Qatar as a tourism destination, including organising events and marketing campaigns.
11. Supreme Council of Health (SCH):
SCH is responsible for regulating and overseeing the healthcare sector in Qatar, including licensing and accreditation of healthcare facilities.
12. Qatar Standards and Metrology Authority (QSMA):
QSMA is responsible for developing and implementing standards for products and services in Qatar, ensuring consumer safety and fair trade practices.
13. Qatar General Organisation for Standards and Metrology (QGOSM):
QGOSM is responsible for assessing and enforcing compliance with national and international standards in Qatar.
14. Qatar Central Securities Depository (QCSD):
QCSD is responsible for managing and safeguarding securities and other financial instruments in Qatar.
15. Qatar National Bank (QNB):
QNB is the largest bank in Qatar and is regulated by QCB. It offers a wide range of financial services, including banking and investment.
16. Qatar Financial Center (QFC):
QFC is a business and financial hub in Qatar that offers a favourable legal and tax environment for companies doing business in the region.
17. Qatar Stock Exchange (QSE):
QSE is the national stock exchange of Qatar and is regulated by QFMA. It provides a platform for trading securities and promoting investment in the country.
18. Qatar Insurance Regulatory Commission (QIRC):
QIRC is responsible for regulating and supervising the insurance industry in Qatar, including licensing of insurance companies and agents.
19. Qatar Financial Information Unit (QFIU):
QFIU is responsible for combating money laundering and terrorist financing activities in Qatar by collecting, analysing, and disseminating financial information.
20. Qatar Charity (QC):
QC is a non-governmental organisation that is regulated by the Ministry of Administrative Development, Labour and Social Affairs. It provides charitable and humanitarian services locally and internationally.