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Qatar set to launch financial centre
Posted: Saturday, April 30, 2005
Doha
Qatar will launch its new financial and business centre tomorrow. The centre will target commercial banks, investment houses, financial service providers and multinational companies, a report said.
The Qatar Financial Centre will provide special legal and regulatory conditions for companies establishing themselves in Qatar, and will be similar to regional financial and business centres already flourishing in Bahrain and Dubai, a Gulf News report said.
The new centre will be operated by a three-tier authority comprising the Qatar Financial Centre Regulatory Authority (QFCRA), the Qatar Financial Centre Authority (QFCA) and an arbitration body, it said quoting Shaikh Mohammad bin Ahmad Al Thani, Minister of Economy and Commerce.
He said Qatar's current economic growth provides the right kind of environment for the QFC to deal with project finance, bond issuance, insurance, reinsurance, asset management, private banking and general business support services.
Posted: Saturday, April 30, 2005
Doha
Qatar will launch its new financial and business centre tomorrow. The centre will target commercial banks, investment houses, financial service providers and multinational companies, a report said.
The Qatar Financial Centre will provide special legal and regulatory conditions for companies establishing themselves in Qatar, and will be similar to regional financial and business centres already flourishing in Bahrain and Dubai, a Gulf News report said.
The new centre will be operated by a three-tier authority comprising the Qatar Financial Centre Regulatory Authority (QFCRA), the Qatar Financial Centre Authority (QFCA) and an arbitration body, it said quoting Shaikh Mohammad bin Ahmad Al Thani, Minister of Economy and Commerce.
He said Qatar's current economic growth provides the right kind of environment for the QFC to deal with project finance, bond issuance, insurance, reinsurance, asset management, private banking and general business support services.