Qatar Exchange signs MoU with QFIS - Hamad Bin Khalifa University
- Qatar: Sunday, December 30 - 2012 at 14:57
- PRESS RELEASE
Qatar Exchange and the Qatar Faculty of Islamic Studies - Hamad Bin Khalifa University signed a memorandum of understanding for cooperation between the two sides in the field of education, training and consultation in terms of investment products traded on Qatar Exchange and global financial markets.
The MoU was signed by Mr. Rashid bin Ali Al Mansoori, Chief Executive Officer of Qatar Exchange, and Dr. Hatem Al-Qaranshawi, Dean of the Qatar Faculty of Islamic Studies.
The two sides pledged under the memorandum to work positively and constructively together to achieve the objectives of the MoU.
The MoU aims at enhancing mutual cooperation in terms of the development and provision of training programmes, 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, along with 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
xchange and consequently contribute in the economic growth in the country. As per the MoU, the QFIS's role is to offer training programmes and organize seminars along with ensuring all the required resources for these activities.
Mr. Rashid bin Ali Al-Mansoori, CEO of Qatar Exchange, welcomed the signing of the MoU and described it as a basis for fruitful cooperation with the Qatar Faculty of Islamic Studies for the purpose of promoting investment awareness among public investors in Qatar 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.
In this occasion, Mr. Al-Mansoori stressed on the importance of offering new traded products in Qatar Exchange in order to diversify the investment options before investors and contribute to provide more liquidity in the market.
Mr. Al-Mansoori also stressed the importance of rigorous efforts between Qatar Exchange and the Faculty of Islamic Studies to provide investors with concrete and practical knowledge which will help them in taking the correct investment decisions in the Qatari market.
For his part, Dr. Hatem Al-Qaranshawi, 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."
He added, "This role is an emphasis on the role played by Qatar Foundation in serving of the local, regional and global community, which is confirmed by constant initiatives taken by Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation for Education, Science and Community Development."
"This cooperation is to continuation of the QFIS's and QE's efforts which has been started for more than three years," Dr. Al-Qaranshawi concluded.
It is worth mentioning that this is the second MoU signed by Qatar Exchange with a Qatari education institution within one month. On December 19th 2012, a similar MoU was signed with the Qatar Finance and Business Academy.
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