is trying to develop Doha as a suitable destination for Islamic finance centre, where international non-Islamic companies can do Islamic finance businesses through Qatar.
As part of its ongoing collaboration with Qatar Tourism Authority (QTA), QFC
representatives also invited attendees to explore the investment opportunities in Qatar's tourism sector, and learn about the support provided to investors by QTA's Tourism Investment Promotion Unit, which works to facilitate access among investors, local and international talent, and government authorities.
Foundations will be established under QFC
Foundation Regulations and Rules, and will have the capacity rights and privileges of a natural person.
While it will not be obligatory for existing companies registered with the QFC
to move, if this should occur, this will impact on West Bay significantly, as the present area will lose some 300 companies, including banks, law firms, accountancy firms, management consultants and media/PR agencies, all of which are currently registered with QFC
He explained that QFC
is looking to attract more regional offices in the future and to attract companies that have huge investments, together with its quest to attract more banks, insurance companies and any other company that would represent an added value to the Qatari economy.
was first set up to offer domestic and international firms the opportunity to establish and provide a broad range of financial services related to banking, asset management and insurance businesses.
A statement explained: "With Qatar now seen as a top financial and business centre in the region, QFC
Authority was seeking an agency partner that combinedan international and local net- work with a strategic media understanding.
operates to international standards and provides a first class legal and business infrastructure for those operating within the QFC
The implementation follows a period of consultation with industry last year, during which the regulatory authority issued a consultation paper seeking input on the proposed changes to update and strengthen the rules, said the QFC
in its statement.
Authority is the commercial, administrative and legislative body responsible for leading the expansion of Qatar's financial services sector, providing a uniquely sustainable platform for regional growth in reinsurance, captive insurance and asset management.
earlier this summer to become president of Kroger's Ralphs division in California.
has said that JPMorgan, which is a PIIB Prudential Category four firm, has been authorised to arrange credit facilities, deals in investments and the provision of custody services, as well as advising on investments.