Qatar Exchange inks co-operation deal
Doha, December 30, 2012
Qatar Exchange and the Qatar Faculty of Islamic Studies - Hamad Bin Khalifa University have signed a MoU for mutual co-operation in the field of education, training and consultation in terms of investment products traded on Qatar Exchange and global financial markets.
This is the second MoU signed by Qatar Exchange with a Qatari education institution within one month. A similar MoU was signed with the Qatar Finance and Business Academy on December 19.
The agreement comes as part of QE’s ongoing efforts to promote and strengthen the culture of securities investments among citizens and expatriates in Qatar.
Both partners will work positively and constructively together to achieve the objectives of the MoU, said Rashid bin Ali Al Mansoori, the CEO of Qatar Exchange, after signing the agreement with Dr Hatem Al-Qaranshawi, the dean of the Qatar Faculty of Islamic Studies.
The MoU aims at enhancing mutual co-operation in terms of the development and provision of training programs, education courses and seminars for local investors in order to raise the level of their securities investment knowledge and familiarize them with the most important products offered for trading in the market
It will also help in briefing them on the financial ratios used to analyze the performance of the listed companies and stock price trends, so as to achieve the goal of attracting the citizens and expatriates to invest in Qatar Exchange and consequently contribute in the economic growth in the country.
As per the MoU, the QFIS’s role is to offer training programs and organize seminars along with ensuring all the required resources for these activities.
Al-Mansoori described the deal as a basis for fruitful co-operation with the Qatar Faculty of Islamic Studies for the purpose of promoting investment awareness among public investors in the country and raise the level of efficiency of QE’s dealers in order to enhance liquidity in the market and contribute in supporting the economic growth in the country.
Dr Hatem Al-Qaranshawi, the Dean of the QFIS, said: "This agreement comes within the framework of QFIS’s role in achieving Qatar National Vision and as part of QFIS’s commitment to contribute in the community development and economic growth."-TradeArabia News Service
More Finance & Capital Market Stories
- Dubai ICD planning to boost $2bn loan
- CEO-elect of fraud-hit Rakbank quits
- Saudi foreign assets hit record $668.2bn
- Major trade success for BBK Brokerage
- NBAD raises convertible bond issue to $465m
- Mashreq to enhance mobile banking app
- NBK Capital exits Turkey hospital chain
- Abu Dhabi holding firm Senaat plans share sale
- Iraq Trade Bank to expand into Lebanon, Turkey
- UAE’s non-oil job, output levels surge