Saturday, 9 February 2019 – Doha, Qatar – The Qatar Financial Centre Regulatory Authority (“Regulatory Authority”) and the Qatar Chamber of Commerce & Industry (“QCCI”) have entered into a Memorandum of Understanding (“MoU”) for sharing information, on 7 February, at a signing ceremony held at the QCCI offices in Doha.
The MoU was signed by Mr Michael G. Ryan, Chief Executive Officer of the Regulatory Authority and Mr Saleh Bin Hamad Al Sharqi, Director General of the QCCI.
By entering into this MoU, the Regulatory Authority and the QCCI have put in place a framework for cooperation under which they will provide each other with assistance for projects of mutual interest. They will join hands in exchanging information that will help in enhancing their roles in serving the national economy and the private sector.
Mr Ryan welcomed the signing of the MoU, saying: “The QFC Regulatory Authority is keen to grow and expand its cooperation with other Qatari organisations and work together in achieving common goals.”
Mr Saleh bin Hamad Al Sharqi expressed his delight with the signing of the MoU, saying: “Qatar Chamber is pleased to join hands with the QFC Regulatory Authority, which plays a key role in enhancing the business environment in the country and providing a competitive platform for firms to expand to Qatar.”
He also said that this agreement is an important step to boost cooperation between two influential entities on Qatar’s economy, noting that it will help both sides transfer information between them to the advantage of the national economy and the private sector.