QNA
Doha
The Third Arab Capital Markets Conference kicked off on Thursday in the presence of Minister of Commerce and Industry HE Sheikh Mohammed bin Hamad bin Qassim Al Thani and Qatar Central Bank Governor and Qatar Financial Markets Authority (QFMA) Chairman Sheikh Bandar bin Mohammed bin Saoud Al Thani.
Organised by QFMA in cooperation with the Union of Arab Securities Authorities (UASA) under the theme “Innovation, Artificial Intelligence and Sustainability: Opportunities and Challenges,” the conference aims to discuss the outlook of the relationship between artificial intelligence (AI) and the management of Arab capital markets and discuss the escalating role of AI in the application of governance, financial sustainability and social responsibility in such markets, in addition to the increasing importance of technological techniques in managing the risks facing Arab capital markets.
The conference began with an opening speech by QFMA CEO Dr Tamy bin Ahmad Al Binali, in which he affirmed that the selection of the theme “Innovation, Artificial Intelligence and Sustainability: Opportunities and Challenges” as the main title of the Third Arab Financial Markets Conference was imposed by the rapid technological changes and developments, and clearly reflects the orientation and interest of the current edition of this conference, which mainly revolves around the opportunities and challenges facing Arab capital markets considering technological developments.
He added that digital transformation issues are among the most important priorities and strategic axes for Arab capital markets, especially in Qatar, where digital transformation is among the most important axes in the country’s financial sector strategy and the strategy of the QFMA.
He expressed his hope that this conference will constitute an added knowledge value to the Arab capital markets, which will be reflected in their overall performance, stability, and ability to carry out the burdens of financing and sustainable development in various Arab countries.
Al Binali confirmed that the importance of capital markets is escalating significantly at the level of the international and national economy, due to their financing role and their effectiveness in attracting, redirecting, and investing financial resources.
Therefore, it is necessary to ensure the effectiveness of such markets and work to develop their performance indicators, and this applies directly to the Arab capital markets, which face great challenges, and at the same time enjoy great opportunities for growth and development. Therefore, the conference is an important opportunity to discuss the reality and future of these markets and stimulate their ability to benefit from local and international changes and developments.
He pointed out that the world is also experiencing other developments and challenges on more than one level, all of which leave a direct impact on the capital markets, which makes it imperative for all of us to work to confront these challenges and turn them into opportunities, which represents one of the main objectives of the conference.
He said that the world is witnessing at this time rapid developments in various fields, especially in the high-tech sector.
