Posted on April 01, 2017

CEO of the London Stock Exchange (LSE), Xavier Rolet, expressed conviction in Qatar's ability to become a regional financial hub thanks to its position and distinct influence in Asia and Africa. This makes Qatar close to Britain, which plays the same role due to position and influence in Europe and around the world, he said.

In a statement to Qatar News Agency (QNA), Rolet said that the Qatar-UK Business and Investment Forum held in in Britain this week highlighted the rapprochement between the two countries, adding that bilateral relationship praising the advanced level of bilateral ties. He added the Forum held in London and Birmingham stressed the high level of bilateral relations, pointing out to the two countries' keenness to strengthening cooperation, especially that Britain can provide Qatari financial institutions with tailored programs and services in order to meet Qatar's needs to play such an important regional pivotal role.

Britain has also an edge with its financial technology along with the traditional financial capabilities it already offers, he went on saying. Areas of cooperation could include retail finance sectors from a macroeconomic perspective in order to provide of global services, he added. In this context, the British official stressed that the services that can be undertaken by Britain and Qatar at the level of macro-financial sector could also contribute in reducing poverty around the world through providing individuals with financial services at lower prices and higher quality. 

 London Stock Exchange Group CEO also expressed delight over the high level of the 'historic' Qatar's representation at the Forum, confirming the deeply-rooted relations between the State of Qatar and the United Kingdom.