Posted on November 05, 2018

QNB Group, the largest financial institution in the Middle East and Africa, recently organized an economic seminar in cooperation with the Institute of International Finance (IIF), held under the patronage of H.E. Sheikh Abdulla bin Saoud Al Thani, Governor of Qatar Central Bank.

The event was attended by H.E. Sheikh Mohammed Bin Hamad Al Thani,  the Deputy Governor of Qatar Central Bank, Mr. Abdulla Mubarak Al Khalifa, Executive General Manager - Chief Business Officer at QNB Group, and Mr. Timothy Adams, President and CEO of the IIF, along with a number of chief executives and senior officials of financial institutions in Qatar.

The seminar highlighted recent macroeconomic developments in the United States, the current U.S. administration's approach to international trade policy, emerging market economies and the economic developments in the Middle East and North Africa (MENA) region. It also provided a platform for dialogue and exchange of views on global economic issues and their implications on the financial sector, as well as the global financial regulation outlook and its effects on the international banking and financial system.

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Addressing the event, Mr. Abdulla Mubarak Al Khalifa, Executive General Manager - Chief Business Officer at QNB Group, said : "I am pleased to welcome all of you to today’s symposium, organized by the Institute of International Finance (IIF) and QNB Group and held under the patronage of His Excellency Sheikh Abdulla bin Saoud Al Thani, Governor of the Central Bank of Qatar. The IIF is a global association of financial institutions and was created by a group of banks of leading industrialized countries in the 1980’s. Since then, the IIF’s mission is to support the financial industry in developing sound industry practices for risk management but also ensure advocacy for its members with regards to regulatory, financial and economic policies.

Mr. Timothy Adams, President and CEO of the IIF, said: “I would like to thank QNB for hosting this seminar and for inviting me to share with you my thoughts, and we look forward to further collaboration with such a leading finance institution.” “Today’s event is an ideal platform to share expertise and enhance cooperation in order to resolve the growing challenges in the financial industry, which is undergoing radical changes driven by new competition from FinTechs, changing business models, new regulation, and financial instability in some regions of the world,” says Mr. Adams.

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The IIF is the global association of the financial industry, with close to 450 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. IIF members include commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.

The Group’s presence through its subsidiaries and associate companies now extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is around 29,000 operating through more than 1,200 locations, with an ATM network of more than 4,300 machines.

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