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November  2006

Qatari Businessmen Association visit to Torino

Qatari Businessmen Association has been invited by the foreign trade office of Piemonte Chambers of Commerce and Industry to visit the industrial zone of Torino, Italy. QBA paid a visit to Italy from 27 to 29 November 2006; which witnessed a special delegation consisted of businessmen representing several Qatari companies.

 

The visit aimed to promote business cooperation and investment opportunities between the small and medium enterprises of both countries. The meetings took place in Torino, which is considered as one of the most important industrial centers in Italy that accommodates a wide range of industrial and commercial companies

 

Qatari delegation consisted of Mr. Bassam R. Massouh, Mr. Nasser Darwish, Mr. Issam Al Faqih, Mr. Yasser Hamad, Mr. Yanni Jouanneh, Mr. Dado Quilacio, and Mr. Alan Yazbik. They attended several meetings with the Italian counterparts over three days in Torino. The first day started with a general assembly for more than 150 Italian companies and a number of senior officials in Piemonte. The Italian representatives introduced a presentation on the economic environment of Torino. After that Mr. Bassam Massouh, General Manager of QBA gave a speech about the economy and investment opportunities in Qatar.

 

On the second day, the Qatari delegation met several Presidents of Italian companies and visited different industrial enterprises and factories in Piemonte. The third day included a meeting with the Chairman of Chamber of Commerce and Industry in Torino. Furthermore, Qatari Businessmen Association signed a Memorandum Of Understanding (MOU) with Mr. Alberto Tazzetti, President Union of Industrial  Businessmen.

 

It is worth mentioning that Italy was one of the leading countries to invest in infrastructure projects in Ras Laffan. In addition, QBA had arranged several meetings with Italian business delegations visited Qatar and organized a special luncheon for the Italian Minister of Trade and European Affairs on October, 2006 to further strengthen the cooperation between Qatar and Italy.

The Qatari Businessmen Association has hosted in its premises a Romanian delegation

The Qatari Businessmen Association has hosted in its premises a Romanian delegation represented by President of the General Union of Romania's Industrialists , the Vice-President of Commercial shopping center expert from Romania and a number of presidents and executives from oil and gas companies and trade, on Thursday 9/11 /2006.

The visit aimed to discuss business relations and to overlook joint investment projects available in the State of Qatar.

The delegation expressed the admiration for the wise leadership of the Emir Sheikh Hamad Bin Khalifa Al-Thani, and his vision to diversify the sources of income and encouraging private sector contribution to the comprehensive development process taking place in the country.

At the end of the meeting, QBA members handover a souvenir gift to the representative of the Romanian Ministry of Industry and Trade

Networking Event for Financial Professionals

Aiming to support the development of Qatari private Sector, QBA joined efforts with Amwal upon a call from the latter to launch a Networking Event for Financial Professionals.

Qatar Financial Centre, also lined up with the initiative that Aim to Bring together Professional Expertise to Further Enhance Financial Industry in Qatar.

 

The three leading business organizations announced the formation of a local platform for networking and financial industry development.  The event is geared to professionals working in the financial sector, and those in financial positions in the wider business community.  the first event will take place November 8th, 2006. 


The group offers an opportunity for financial professionals to share information on ethics, corporate governance, and best practices in the field of finance among other finance-related topics.

 

Sheikh Faisal Bin Qasim Al Thani, Chairman of the Qatari Businessmen Association said “the financial sector is absolutely essential to enable rapid growth of the economy. Consequently, QBA calls on the creative energies of the financial community to accomplish together what cannot be accomplished individually.”

 

“The growth and development of the Qatari financial sector is everyone’s responsibility” said Sheikha Hanadi Nasser bin Khaled Al Thani, Vice Chairperson and Managing Director of Amwal. “Our initiative to launch the first financial networking event stems from a strong belief that industry expert collaboration will inevitably contribute to building a strong foundation that will benefit the whole country.”
More Pictures

 

Stuart Pearce, CEO and Director General of the Qatar Financial Centre Authority added “Our initiative is aimed at financial professionals, but not exclusively.  The QFC was set up not to compete with the domestic financial community but to complement it and to help raise the standard and increase the capacity of financial services in Qatar.  This idea neatly fits into our strategy and we look forward to working with financial professionals from across the business sector”

 

The events will take place every 2-3 months, by invitation only, and will be constantly tailored to fit the needs of the professionals that are expected to participate. In order to do this, the founding group will conduct a post-event survey of some of Qatar’s leading financial professionals.  This will ensure that the events are structured in a way that will allow participants to get the most out of the initiative.

 

Notes to Editors

 

Amwal

Founded in 1998, Amwal is the first investment firm to be licensed by the Central Bank of Qatar operating in three lines of business; investment banking, asset management and financial planning. The firm has launched the first investment portfolio and the first mutual fund investing in the Doha Securities Market and under-wrote the first non-Qatari Initial Public Offering in the country. Amwal has one of the largest investment teams in Qatar, employing more than 50 talented professionals. The firm benefits from a strong shareholder base comprising of Abraaj Capital and SHUAA Capital from the UAE, Qatar Foundation, Qatar National Bank and Qatar Navigation.

 

Qatar Financial Centre

The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha.  It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region.  The QFC operates to international standards and provides a first class legal and business infrastructure for those licensed to operate by the Centre.  The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005. 

 

QFC Regulatory Authority

The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law.  It regulates firms that conduct financial services in or from the QFC.  It has a broad range of regulatory powers to authorize, supervise and, when necessary, discipline firms and individuals.  The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centers.  The Regulatory Authority is currently receiving applications and granting authorisations.

 

QFC Authority

The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar.

 
 

 Qatari Businessmen Association

Tel: +974 44353120 Fax: +974 44353834  Email: [email protected]   P.O.Box : 24457 Doha -Qatar

Disclaimer: QBA assumes no responsibility for the accuracy or timeliness of the information. Any views or opinions expressed are those of the authors.