Posted on December 04, 2016

Leading international banks and some of Qatar’s most important financial institutions are set to participate in the forthcoming Euromoney Qatar Conference 2016, which runs from 6-7 December in Doha, Qatar.

The event, which is now in its fifth year, brings together global and national finance leaders to discuss key issues of the day, and 2016 is set to be one of the best-attended and most high-profile to date. Held under the patronage of H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister of the State of Qatar, this year’s event is set to examine the regional and global geopolitical outlook, and ask whether politics will be the key factor driving economics in 2017.

In addition, experts will examine the prospects for development in the Arab world, with a particular focus on the macro-economic pressures likely to impact Qatar, the future direction of hydrocarbon demand, and the likely impact of the introduction of VAT for Qatar’s businesses. Hafez Ghanem, Vice President, Middle East and North Africa, The World Bank, will deliver a keynote presentation on “Inclusive Growth in the MENA Region”, touching on the opportunities for development as well as the challenges facing nations today.

“We see positive signs that countries in the region are embracing the challenges of diversifying their economies and creating opportunities for the young, as exemplified by long-term strategic plans such as the Qatar National Vision 2030 and Saudi Arabia's Vision 2030 for national transformation. These give us grounds for optimism about the prospects for growth,” said Ghanem. “At the same time, there are significant areas to address, such as the relatively weak integration of women in the economic sector across the MENA region. Dealing with this imbalance – which sees men and women receive the same level of education but 75 percent of Arab women not enter the job market – would help create more inclusive growth.”

The QFC is one of the most active entities in Qatar when it comes to attracting foreign direct investment. This comes in line with their commitment to economic development and diversification.

Speaking about the conference, Yousef Mohamed Al-Jaida, CEO of the QFC Authority, stated "At the QFC, we provide a wide range of attractive advantages, including a fast-growing economy, a strategic regional location, a transparent legal and regulatory environment, and a compelling tax regime. These efforts are made in order to continue attracting foreign direct investment as part of our mission to diversify Qatar’s economy and transform the nation into a leading business and financial hub in line with the Qatar National Vision 2030”

Day Two of The Euromoney Qatar Conference will focus on regional and international portfolio investment strategies, with contributions from Janus Capital Group and Amwal LLC. The second day will also include panels on Qatar’s digital ecosystem and the opportunities for developing Qatar’s real and growing SME sector. Co-hosted by Qatar Central Bank, the event is supported by the Qatar Financial Markets Authority, with senior lead sponsor QNB and co-sponsorship from Qatar Development Bank, Qatar Financial Centre, and Qatar Islamic Bank, with Thomson Reuters as an exhibitor.

For more information or to register, visit www.euromoneyconferences.com/qatar.html.

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