Latest news with #QatarFinancialCentre
Yahoo
27-05-2025
- Business
- Yahoo
QFC signs MoU with Ashmore Group to expand Qatar's capital markets
Qatar Financial Centre (QFC) has signed a memorandum of understanding (MoU) with Ashmore Group, an emerging markets asset manager, to support the expansion of the country's capital markets. This strategic partnership is expected to bolster the local asset management sector through knowledge exchange and the development of investment solutions. The collaboration between QFC and Ashmore Group, which manages assets worth $46.2bn, is aligned with Qatar's broader vision of fostering a diversified, knowledge-based economy. A key focus of the agreement is the cultivation of local talent within the financial services industry, which is critical to the nation's long-term development plans. QFC chief executive officer Yousuf Mohamed Al-Jaida emphasised the significance of the partnership, stating, 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. 'Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Ashmore Group CEO Mark Coombs expressed his company's commitment to the region, saying, 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years. 'We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' The MoU marks a continuation of Ashmore Group's engagement in Qatar, following the recent registration of the asset manager under QFC's platform and the inauguration of its new office in the country. The companies expect this move to enhance local investment activity and strengthen Qatar's position as an emerging hub for asset management in the region. The Qatar Financial Centre (QFC), situated in the heart of Doha, serves as an onshore hub for companies seeking to establish and expand their business operations in Qatar and the surrounding region. Last week, Ashmore Group launched an office in Qatar to advise on investment opportunities and foster connections with local investors. "QFC signs MoU with Ashmore Group to expand Qatar's capital markets" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Zawya
26-05-2025
- Business
- Zawya
QFC and Ashmore Group sign deal to boost Qatar's asset management sector
Doha, Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signs an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages $46.2bn, to support the expansion of Qatari capital markets. The partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy. Commenting on the importance of this partnership, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said: 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years." "We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It also marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-05-2025
- Business
- Zawya
QFC and Ashmore Group sign MoU to boost Qatar's asset management sector
Doha – Qatar: Qatar Financial Centre (QFC), a leading onshore financial and business centre in the region, signs an MoU with the Ashmore Group, a globally recognised emerging markets asset manager that manages US$46.2 billion, to support the expansion of Qatari capital markets. The partnership aims to strengthen Qatar's local asset management sector by fostering knowledge exchange and promoting the development of innovative investment solutions. A central element of the agreement is the commitment to nurturing local talent within the financial services industry, supporting Qatar's broader vision of building a diversified, knowledge-based economy. Commenting on the importance of this partnership, Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC, said: 'Ashmore Group's deep expertise in asset management, combined with the QFC's drive for financial innovation, makes this partnership a strong catalyst for long-term development. Through this collaboration, we aim to strengthen Qatar's asset management sector and elevate our capital markets by introducing global best practices and innovative investment solutions.' Mark Coombs, Chief Executive Officer, Ashmore Group plc, said: 'Ashmore has a long history of investing in Qatar and is excited to partner with the QFC to deliver further development in Qatar's financial services industry over the coming years. We also look forward to helping raise the profile of Qatar as a destination for international investors, in line with the ambitions of the National Vision 2030.' This MoU builds on the recent milestone of QFC registering Ashmore Group under its platform and supporting the launch of its new office in Qatar. It also marks a significant step in expanding Ashmore's long-standing relationship with the country. The office will support local investment activity and deepen engagement with regional investors, further positioning Qatar as a growing hub for asset management. ABOUT THE QATAR FINANCIAL CENTRE The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows up to 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits. The QFC welcomes a broad range of financial and non-financial services firms. For more information about the permitted activities and the benefits of setting up in the QFC, please visit @QFCAuthority | #QFCMeansBusiness MEDIA CONTACTS QFC Corporate Communications Rasha Kamaleddine | E.
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
Regulating digital assets requires evolving legislative frameworks
QNA Doha The Qatar Economic Forum 2025 Wednesday discussed the regulation of cryptocurrency and digital assets, emphasizing the need to develop advanced legislative frameworks that account for global economic and political changes. A forum session titled 'It's Time to HODL: Crypto Investor Outlook' examined the complexities of investing in digital assets, key opportunities, and risks, highlighting that traditional regulatory frameworks are no longer sufficient to govern the evolving sector. Speakers included CEO of Qatar Financial Centre (QFC) Yousuf Mohamed Al Jaida, CEO of BitOasis Ola Doudin, CEO of the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) Emmanuel Givanakis. Al Jaida stated that since 2018, QFC has been developing a comprehensive regulatory framework for digital assets, focusing on risk management related to anti-money laundering (AML), data protection, creating a secure investment environment. He noted that QFC has adopted a flexible approach aligned with market developments, while enhancing governance and compliance standards to reduce risks without stifling innovation. Panelists emphasized the importance of differentiating between cryptocurrencies and digital assets, clarifying that digital assets include tokenized assets unrelated to digital currencies. Al Jaida explained that Qatar Central Bank does not support direct cryptocurrency use, such as Bitcoin, leading QFC to focus regulatory efforts on asset tokenization, particularly in the real estate sector. He said that tokenization of real-world assets democratizes investment access and drives economic growth, adding that the Gulf real estate market holds significant opportunities for this transition. Speakers highlighted that some markets lack regulatory clarity, enabling unregulated platforms that pose risks to consumers and expose vulnerabilities for money underscored the importance of regional coordination among financial centers, noting that consistent policies across countries are essential for success, given differing regulations in the sector. Panelists also pointed to rising demand for cross-border payment tools and cryptocurrencies in the Gulf, signaling a shift in digital asset usage from speculation to practical economic applications. Additionally, growing institutional interest in digital assets, with major investors entering the market, is fostering maturity and confidence in the sector. In closing, speakers affirmed that the future of digital assets in the Gulf is promising, provided that regulatory frameworks continue evolving, regional cooperation strengthens, and transparency increases to protect investors. Such advancements will ensure sustainable growth for this rapidly expanding sector.
Zawya
20-05-2025
- Business
- Zawya
Qatar, Turkey urged consider joint sukuk issuance and cross-listing on Borsa Istanbul and QSE
Ankara and Doha need to consider joint issuance of sukuks and their cross-listing on Borsa Istanbul and the Qatar Stock Exchange (QSE) to attract a broader investor base, according to a top official of Participation Banks Association of Turkiye (TKBB), a public entity with a mandate to represent the participation banking sector both nationally and internationally. Both Turkiye and Qatar should also prioritise Shariah-compliant debt market development, fintech, digital driven innovations, and sustainable Islamic finance; Ismail Vural, secretary-general, TKBB, said in a report of the Qatar Financial Centre (QFC). Turkiye has a well-established sukuk market, ranking fifth globally in sukuk issuance over the past five years, he said, quoting data from London Stock Exchange Group (LSEG). Enhancing co-operation in this area, he said, can create new opportunities for financing large-scale infrastructure, energy, and trade projects. "Joint sukuk issuances can provide a powerful financing tool, while cross-listing sukuk on both Borsa Istanbul and the QSE can attract a broader investor base," Vural said. Additionally, he said, regulatory harmonisation between the two countries would facilitate seamless cross-border sukuk deals, further strengthening the market. "To strengthen collaboration in Islamic finance over the next five years, Turkiye and Qatar may prioritise sukuk market development, fintech- digital driven innovations, and sustainable Islamic finance," according to him. Finding that fintech and digital Islamic banking are also set to play a crucial role in shaping the future of financial collaboration; he said blockchain-based Islamic finance solutions, such as smart contracts, can improve the efficiency and security of Shariah-compliant transactions. With two digital participation banks already operating in Turkiye, supporting digital-only Islamic banks and fintech startups will enhance access to mobile-based participation banking services and promote greater financial inclusion, he said. "Additionally, the development of seamless, Shariah-compliant cross-border digital payment systems will further deepen financial ties between Turkiye and Qatar," he added. Sustainable Islamic finance is emerging as a key priority, and stronger collaboration between Turkiye and Qatar can accelerate progress in this field, Vural said. Developing innovative Islamic banking products that integrate both Shariah principles and ESG (environment, social and governance) considerations will be vital for the future of the sector, according to him. Turkiye's participation banking sector, led by TKBB, has already placed sustainability at the centre of its strategy, taking significant steps to promote ESG-aligned financial practices. "Strengthening collaboration between Turkiye and Qatar in this area will further leverage Islamic finance for the achievement of SDGs (sustainable development goals) and drive meaningful progress in sustainable finance," he said. "By focusing on these strategic areas, Turkiye and Qatar can reinforce their leadership in Islamic finance, foster deeper economic co-operation, and promote sustainable growth within the sector," he added. The growing collaboration between the Islamic finance of Turkiye and Qatar has "significantly" strengthened sectoral ties and "is fostering financial integration and expanding opportunities for both economies", according to him. In this regard, he cited the signing of a MoU between TKBB and QFC in 2023. Aligned with Qatar's National Vision 2030, this cooperation presents significant opportunities. Turkiye's participation banks, with their expertise in export financing and SME or small and medium enterprises support covering 30 industrial sectors, play a crucial role in strengthening financial ties between the two countries, he said. Turk Eximbank, in collaboration with TKBB, has introduced a suite of participation-based financial products, including participation-based receivables insurance, sales financing with profit declaration, interest-free pre-shipment export financing, and interest-free financial leasing. "These tailored solutions will contribute to expanding Turkiye's foreign trade volume and enhancing the global competitiveness of Turkish exporters, including in the Qatari market," he said. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
