The Banking Executive Magzine - July 2025 Issue

Commercial Bank and TASMU Accelerator Commercial Bank and TASMU Accelerator PARTNER TO CHAMPION QATAR’S STARTUPS Commercial Bank has signed a Memorandum of Understanding (MoU) with TASMU Accelerator to strengthen the connection between banking and business to support and empower startups in Qatar. As part of MCIT’s flagship initiative, Smart Qatar, TASMU Accelerator plays a key role in nurturing innova- tion by supporting startups across key sectors, such as transportation and logistics, healthcare, environment, and smart cities industries. Through this partnership, Commer- cial Bank will support TASMU Accel- erator in its mission by providing banking solutions tailored to the needs of startups. This includes opening business ac- counts and offering advisory serv- ices, such as financial advisory, marketing, succession planning, key person risks, feasibility studies, re- structuring, and growth strategies. In addition, both entities will offer a series of workshops throughout the year to be held on either of their premises. These sessions will be led together by both CB subject matter experts and TASMU teams. Among other partnership benefits are preferential pricing and minimum initial deposit for onboarding ac- counts as per the Tariff of Charges for Micro companies. The Bank will also advise startups on these charges to support informed decisions. Fahad Badar, EGM, Chief Wholesale and International Banking Officer at Commercial Bank shared: “We con- sider our partnership with TASMU Accelerator to be strategic as it will reinforce Commercial Bank’s role as a key enabler of innovation in Qatar, driving forward initiatives and shap- ing financial literacy, advisory serv- ices, and trust within the Nation’s innovation ecosystem.” Eman Al-Kuwari, Director of Digital Innovation at MCIT, stated: “This strategic partnership marks a pivotal milestone for TASMU Accelerator, showcasing the readiness of local companies to actively support and empower startups. Together, we are driving meaningful progress toward building a robust ecosystem that nur- tures innovation.” She added, “By combining expertise and institutional backing, this collab- oration creates an enabling environ- ment that accelerates startup growth and success, reinforcing Qatar’s leadership as a global hub for inno- vation and entrepreneurship." the BANKING EXECUTIVE 12 ISSUE 199 JULY 2025