Published On: Wed, Jan 21st, 2015

QFCA-QU Agreement Boosts Finance Research and Education in Qatar

Qatar Financial Centre Authority (QFC Authority)

Qatar Financial Centre Authority (QFC Authority)

The Qatar Financial Centre Authority (QFC Authority) and Qatar University (QU) signed a formal Memorandum of Understanding (MoU) committing to a partnership to promote mutual interests in finance research and education, and to boost financial and business skills.

The MoU was signed by President of Qatar University Professor Sheikha Abdulla Al-Misnad and Deputy Chief Executive Officer of the QFC Authority Yousuf Mohammed Al-Jaida. The agreement enhances collaboration in three main areas, comprising MBA graduation projects, QFC Authority research grants, and faculty awards.

Each year, MBA students from the College of Business and Economics (CBE) at Qatar University will be eligible to participate in one project with the QFC Authority , who will provide funding and set the topic, aligning it with students’ interests and experience.

Additionally, two research grants will be given to CBE faculty members annually by the QFC Authority to conduct research of mutual interest. The research topics, based on criteria previously selected by CBE faculty members, will be selected by both parties. Also, the QFC Authority will create ‘The Faculty Award in Finance Research’, aimed at recognising a CBE faculty member conducting research in an area of finance which is deemed to best contribute to the economic development of Qatar and the GCC. The award, funded by the QFC Authority , will be given annually, based on criteria and a selection process agreed by both institutions.

President of Qatar University Professor Sheikha Abdulla Al-Misnad said: “Qatar University’s relationship with the QFC Authority stands on a solid foundation. This has been proven time after time, most recently through the Kawader programme cooperation. The signing of this MoU is a further step in growing that relationship and represents a significant commitment by both of our organisations in shared endeavours to build a strong local talent base, whilst contributing through relevant research and education to the development of a vibrant financial services sector.” Deputy Chief Executive Officer of the QFC Authority Yousuf Mohammed Al-Jaida welcomed the signing of the MoU, and stated: “Enlarging the talent pool available to the commercial and financial sector in Qatar through education is a key imperative for the QFC Authority . It is part of our strategy to develop a first-class international financial services industry and business sector in Qatar. This is consistent with the Human Development Pillar of the Qatar National Vision 2030, and reflects our continuing commitment to contributing to the wellbeing of the local community. It is with a great sense of joy and pride that I announce a closer and stronger relationship with Qatar University. This will inevitably lead to a number of concrete initiatives, additional research and improved skills to the benefit of all concerned.” Established in 2005, the Qatar Financial Centre (QFC) is an onshore centre that provides a platform for domestic, regional and international growth. It consists of the QFC Authority , the QFC Regulatory Authority, the Civil and Commercial Court (First Instance and Appellate Divisions) and the Regulatory Tribunal.

The QFC Authority is the commercial and strategic arm of the QFC. It develops and ensures compliance with QFC regulations, administers key QFC office functions and deals with applications from non-regulated organisations.

Source : Qatar News Agency

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