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The Qatar Financial Centre (QFC) recently participated in ‘Qatar Day’, a unique forum for senior representatives from the UK and Qatar to further develop the strong ties that exist between the two countries’ respective financial services sectors.
Hosted by the City of London Corporation in partnership with the UK’s Department for International Trade and Qatar Central Bank (QCB), the inaugural event saw approximately 120 C-level executives and senior representatives from the UK and Qatar’s key national and financial services institutions that included Qatar Development Bank, Qatar Central Bank and Qatar Financial Markets Authority come together in the city of London, QFC said in a statement said on Tuesday.
The event focused on asset management, capital markets, Fintech and the cyber security sectors of financial services.
QFC CEO Yousuf Mohammed al Jaida took part in one of the panel discussions titled ‘Turning Challenges to Competitive Advantages: Asset Management in the 21st Century’ which covered themes such as regulatory improvements and future opportunities for asset management in Qatar.
Discussions at the event highlighted Qatar’s strong economic performance and the recognition of the Qatari capital market as “the best and most important” financial market in the Arab region and “one of the top 10 financial markets in the world”, according to The World Economic Forum’s Global Competitiveness Report 2017-2018.
The QFC CEO also presented to students and academics of the Warwick Business School on the Qatari economy and the QFC’s mandate.
Jaida said, “The UK is one of Qatar’s most valued strategic business partners, and the QFC’s mandate is an integral part of the country’s strategic initiative to build, develop and diversify the business environment to drive foreign investment into the Qatari market. We are therefore very proud of our client base which includes close to 100 UK firms, who continue to benefit from our unique business ecosystem.”
Henk Jan Hoogendoorn, Managing Director of Financial Sector Office, QFC, joined a panel discussion titled: ‘Promoting and Accelerating Fintech Adoption and the Opportunities for Islamic Fintech’, where participants discussed how the UK and Qatar are accelerating the adoption of Fintech, and the mutually beneficial opportunities for the two to collaborate on Islamic finance.
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01/05/2019
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