The QFC's WAIFC membership is a testament to its dedication to the highest international standards as well as commitment to working with international financial centres
to further promote sustainable business growth globally, according to Sarah al-Dorani, chief marketing and communications officer, QFC.
"It is expected that this sector will add significantly to the diversity of the economy of the emirate within the next few years," said Saif Mohammad Al Hajeri, chairman of the Department of Economic Development, while speaking at the launch of 22nd edition of the Global Financial Centres
Index in Abu Dhabi on Monday.
His Excellency Essa Kazim added: "The MoU lays the foundation for further fruitful cooperation between DIFC and NBK for the successful promotion of the Astana Financial Centre
on both the regional and international level.
A panel also discussed the impact of increasing regulations on the competitiveness of financial centres
, the role of financial centres
in facilitating the growth of sustainable offshore Renminbi market, the redefinition of the IFC model for the new global economy and how to attract investments and stimulate growth in the current climate.
Organised annually by the Financial Times in partnership with the Dubai International Financial Centre
(DIFC), the Summit brings together senior financial executives, corporate decision-makers and regulatory and government officials to discuss issues impacting financial centres
around the world.
The financial centres
will be opened in Sarasota, Jacksonville, Orlando and Bonita Springs in Florida, and in the Chicago and Detroit areas.
As part of DIFC's participation, Chirag Shah, Chief Strategy and Business Development Officer, Dubai International Financial Centre
(DIFC) Authority, headlined a panel discussion on 'Competition and Collaboration between Global Financial Centres
to Create Economic Growth'.
As part of DIFCEe's participation, Chirag Shah, Chief Strategy and Business Development Officer, Dubai International Financial Centre
(DIFC) Authority, headlined a panel discussion on EeAaeCompetition and Collaboration between Global Financial Centres
to Create Economic GrowthEe'.
Summary: The latest Global Financial Centres
Index, GFCI 15, covering 83 financial centres
published by the London based Z/Yen Group ranks Qatar as the top financial centre
in the GCC
The World Bank places the 110-acre Dubai free zone sixth in the world's top international financial centres
, behind only London, New York, Singapore, Hong Kong and Frankfurt.