Sheikh Dr. Khalid bin Thani bin Abdullah Al Thani, Chairman of the Board of Directors and Managing Director of Qatar International Islamic Bank (QIIB); Dr. Abdulbasit Ahmad Al Shaibei, QIIB Chief Executive Officer; and Sheikh Turki bin Khalid bin Thani Al
Doha: Qatar is expected to attract specialised US FinTech companies to help improve the quality and efficiency of the country’s banking system.
While reviewing the latest developments in the country’s financial sector, during a special dinner hosted by the Qatar-US Business Council and the American Chamber of Commerce on the eve of the annual meetings of the World Bank Group and the International Monetary Fund (IMF) held in Washington, Qatar Central Bank Governor H E Sheikh Abdullah bin Saoud Al Thani noted “the State of Qatar will be able to attract specialised American financial technology companies to come to Qatar and help banks improve the quality and efficiency of their offerings in this area”, QNA reported.
In his speech, Sheikh Abdullah also highlighted the Qatari-US economic relations, and the increasing volume of US trade and imports in Qatar, touching on the main partnership areas between the State of Qatar and the United States. He also stressed the importance of the United States as a strategic partner to the State of Qatar, pointing out that all economic indicators confirm the improvement of economic relations between the two sides.
The QCB Governor explained that the unjust embargo imposed on the State of Qatar, has obliged the State to reconsider its international trade relations, and thus, the state has become more open, diverse and more self-reliant than it was before the blockade.
He pointed out that the State of Qatar has become more ambitious, independent, and focusing on globalism, while insisting on strengthening and expanding its relations with important partners.
“With regard to bilateral relations with the United States, Qatar is looking ahead to the future and is committed to finding more ways and alternatives to encourage stronger relations between the financial sector in Qatar and its counterpart in the United States,” he said.
During the function, attended by companies from all sectors related to financial technology (FinTec) and banking sectors, H E the Governor of Qatar Central Bank was also involved in bilateral discussions with the participating companies to learn about their best practices and prospects of benefiting from them in the financial and banking sectors in Qatar.
