Posted on March 16, 2016

From among the several Qatar based firms and universities that were participating, the Qatar Finance and Business Academy (QFBA), in partnership with ADNAR Group®, has crowned CBQ’s team as the National Winner of the Global Management Challenge (GMC) 2015 Edition, in a special ceremony held at Crown Plaza in Doha. Having achieved the highest score among participants, the CBQ team will enjoy national and international recognition as they represent Qatar in the international GMC finals next April in Macau, China.

By attaining the highest investment performance on the competition’s simulated Stock Exchange, the CBQ team were awarded a National Winner certificate and trophy, as well as free round-trip tickets and hotel accommodation for three days to attend the international competition finals, during which the team will raise the Qatari flag among other competing nations. During the award ceremony, 2 Runner Up teams in the national round were also given a certificate of achievement.

Commenting on the crowning of the National GMC winners, Dr. Abdul Aziz Al Horr, CEO at QFBA, said: “As an integral partner in the internationally-acclaimed competition, we at QFBA congratulate the winners of Qatar’s 3rd National Global Management Challenge. By taking part in this year’s competition, all participants played an important role in raising the bar for the financial sector’s human capital in Qatar. Through an innovative platform, the competition helps develop practical skills in the art of management, financial analysis and decision making. The Global Management Challenge perfectly aligns with QFBA’s mission of empowering professionals with skills and knowledge for career growth, and is a cutting edge training tool that we are proud to be a part of. We look forward to an exceptional representation of Qatar by the winning team in the upcoming international GMC international final.”

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On her part, Ms. Randa Haider, MD at ADNAR Group®, noted: “The Global Management Challenge reflects the strategic vision of ADNAR Group® in constantly seeking to acquire and provide the GCC business environment with internationally accredited unprecedented programs aimed to keep up with the latest developments in the business world.

Haidar explained: Despite the phenomenal growth both in terms of type and quantity in educational programs at universities; to ensure refinement of their students skills to qualify for the transition into the labor market, yet the rapid developments taking place in the business world confirms that training and continuous development of staff is a must, particularly to those cultivating future leaders by raising their competitive, planning and decision-making skills. 

QFBA and ADNAR Group® realize such reality, and on these bases seek to provide organizations in Qatar and the Gulf with such special programs.” The GMC is considered the world’s biggest simulation-based Strategic & Management competition. Since its kick-off in 1980, the competition witnessed the participation of more than 500,000 contestants across 5 continents, with more than 40 countries participating the GMC finals every year.

Through an innovative platform built around simulation and strategy-based training models, each team competing in the National GMC comprises 3-5 trainees that manage a fictitious company with an objective of achieving the highest investment performance for their company in a simulated stock exchange. When a team achieves the highest investment performance in their group, they become eligible to move to the next round. Each of the first and semi-final rounds take five weeks to complete, before the National Winner is announced during the one-day National GMC Final.