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Qatar transforming into a self-reliant economy: Seetharaman

Qatar transforming into a self-reliant economy: Seetharaman


Tribune News Network
Doha
In response to the unjust blockade, Qatar has emerged stronger and has brought various reforms to transform itself into a self-reliant economy, Doha Bank CEO Dr. R. Seetharaman has said.
He was speaking at an event titled"Customer Advantage - Doha Bank Your One-Stop Financial Service Provider", hosted by Doha Bank at the bank's headquarters recently, a press statement said on Monday.
The event received an overwhelming response from Doha Bank clients, the statement added.
"The 2017 financial results of Qatar's banking sector reveal that the sector is resilient,"Seetharaman said.
He said Qatar's 2018 budget has allocated QR83.5 billion or 41 percent of the total expenditure for key sectors including health, education and transportation.
According to Seetharaman, a new law for Public Private Partnership (PPP) businesses in Qatar should provide an additional level of comfort to the private sector and foreign investors.
In terms of food security, he said,"Qatar now has many local companies that are supporting the country and it can develop these businesses further and boost its food production to provide both locally and internationally."
Qatar's landmark residency plan is a welcoming social and economic reform, he pointed out.
"As Doha Bank clients realign to the changing market dynamics, the bank will offer solutions taking into consideration the client requirements.
"Doha Bank will leverage on its cross selling capabilities on trade, treasury and investments, retail and insurance for the benefit of the client," Seethraman added.
The welcome note was presented by Ahmed al Naji, Head Corporate and Commercial Banking. Dheeraj Ahluwalia from Doha Bank's Retail Banking Unit provided insight on the value proposition from the retail segment.
Pramit Kotian from the bank's Treasury Unit provided insight on the treasury solutions available for customers.
Kapil Kumar from Doha Bank Cash Management Unit gave insight on Cash Management solutions and WPS.
Brett Pennington from Doha Bank Assurance Company highlighted the insurance value proposition available for customers.
Hesham Kalla from Doha Bank Investments Unit provided insight on investment offerings, while Namit Gattani from Trade Finance Sales gave insight on the trade finance solutions offered by Doha Bank.

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