Tenure Appointed a Director May 20, 2020. Financial Policies in the Ministry of Finance of Qatar. has held several other key supervisory positions. Qatar Cabinet has approved the renewal of the Board of Directors at the Qatar Financial Centre Regulatory Authority (QFCRA), effective March 8 of 2021. QFC Law No. He also played key leadership roles in the Investment Department at Qatar Central Bank. Significant Shareholders Mr Mohammed Mubarak A E Al-Khater. The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. Qatars FDI in India is in excess of USD 450 million and there is great potential for increasing these investments. Article 49 - Appointment of Directors. Board Governance; Board of Directors; The Executive Team; Corporate Social Responsibility; Contact Us; Whistleblowing 2022 Qatar Financial Centre Regulatory Authoritycherry.qa. Legal Status QFC LLC. The Qatar Financial Centre Regulatory Authority has announced the appointment of Mr Michael Webb as the new Managing Director for Financial Sector Development and Policy. In addition, he was the Chairman of Qatar Banking Studies and Business Administration Secondary School and the Deputy Chairman of Vodafone Qatar, as well as being a Board member at Ahli Bank, Qatari Diar, Nakilat, Bharti Airtel and Siemens Qatar. He then attended Mr. Al-Shaibi was appointed as Vice-Chairman of the Qatar Finance and Business Academy (QFBA) in November 2013. Directors LLC Mr Mohammed Mubarak A E Al-Khater. Hamad Al Mulla. Contact Us. He is an Executive Director and Chief Financial Officer of CKI and an Executive Director of Power Assets. Mrs. Marwa Matni. The Financial Sector Office (FSO) of the Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, and the Qatar Financial Centre Regulatory Authority (QFCRA) successfully held an Asset Management roundtable to discuss a number of key issues in the financial sector. Authorised Share Capital QAR100,000.00. Significant Shareholders Ms Dina Eyad Hussein Abu Amara. Mr. In the past he was Managing Director-Supervision & Authorization at Qatar Financial Centre Regulatory Authority. 5. It has been established to regulate firms that conduct financial services in or from the QFC. The Board of Directors has established three Standing Committees, namely, the Audit and Risk Committee, the Corporate Governance Committee and the Nomination and Remuneration Committee. Mr. Al-Shaibi was previously employed as a Chief Coordinator & Press Contact by Industries of Qatar Co. In a recent decision made in December 2019, the QFCRA increased scrutiny around the lack of adherence to corporate governance principles by some QFC authorised firms, and announced disciplinary action along with a financial penalty to the senior management and the Board of Directors of entities based in Qatar Financial Centre (QFC). Appointment as Board of directors member which included the following: Business Plan formulation, approval of strategy, investment memos, Design of Master Plan, Phasing according to assigning contractors, consultants as well as BARWA NEW CAIRO office key Personnel is also the Deputy-Chairman of the Board of Directors of Qatar Development Bank and a Member of the Boards of Directors of the Qatar Investment Authority and Qatar Energy. Dana Baisilie Strategy Specialist - Strategy & Business Development Department at Qatar Financial Centre (QFC) Authority . India-Qatar has touched a new milestone of US$ 15 billion in 2021-22 and there has been a steady increase in the number of registered Indian businesses in Qatar which has crossed 15,000. The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, Qatar, providing legal and regulatory services for local and international companies.. In brief. (30) of 2018 Regarding Issuing the Law on the Protection of Personal Data PDF (304 KB) (Arabic only) Studies . Mr. Kruger received an undergraduate degree from the University of Pretoria. It is an integrated digital platform for managing tax transactions in the State of Qatar, utilizing the latest technology (SAP Global Business Management System). Contact Us. We offer a wide range of career choices and roles in a lively international entity. Article 4 QFC Board. Throughout his extensive career, H.E. Directors LLC Mr. Zeid Sakir. It regulates firms that conduct financial services in or from the QFC. It has a statutory duty to Early life and education. Overview. The QFC Regulatory Authority is the independent regulatory body of the Qatar Financial Centre (QFC). The Office of Communications (Welsh: Y Swyddfa Gyfathrebiadau), commonly known as Ofcom, is the government-approved regulatory and competition authority for the broadcasting, telecommunications and postal industries of the United Kingdom.. Ofcom has wide-ranging powers across the television, radio, telecoms and postal sectors. The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, established by Law No. Sheikha Alanoud Bint Hamad Al-Thani. 25, Doha, Qatar Significant Shareholders Kitopi H.E. Guidance on drawing up a schedule of matters reserved for the board is available from the Institute of Chartered Secretaries and Administrators (ICSA) and from the Institute of Directors' book, The Effective Board. We are a leading onshore business and financial centre located in Doha, welcoming international and domestic companies to become registered QFC entities. In 2009, His Excellency the Deputy Prime Minister and Minister of State for Defense Affairs became the Vice-Chairman of the Board of Directors of Qatars Stock Exchange. A Member of the Boards of Directors of the Qatar Investment Authority and Qatar Energy. Qatar Financial Centre Regulatory Authority. Published: 18 Mar 2021 - 06:41 am | Last Updated: 02 Nov 2021 - 11:17 am It is derived from indicators for new orders, output, employment, suppliers delivery times and stocks of purchases. Annual Report and Accounts 2008. The chairman leads the board, sets its agenda and ensures it is an effective working group at the head of the company. Insights. Sheikh Abdullah Bin Saud Al Thani, current governor of the Qatar Central Bank, has been appointed as chairman, replacing Phillip Thorpe. Overview Board of Directors Executive Committee Mission, Vision & Values QFC Benefits Media Centre. Even though FATCA is a US law, it impacts Financial Institutions (FIs) organised outside the US and their customers across the world. The United States enacted FATCA with an objective towards obtaining information on certain US persons with income or assets outside the United States for the purpose of increasing compliance with US tax laws. Directors LLC Ms Dina Eyad Hussein Abu Amara. Mar 18, 2021. Registered Address C/o MKaNN Management LLC, Palm Tower B, 16th Floor, Office No. 4- Two experts in the Authoritys scope of work nominated by the Chairman. He is the General Director, Partner, Mr Khoo Boon Hui joined the Board on February 2016. Centre, Qatar Financial Centre Authority, Qatar Financial Centre Regulatory Authority, the Qatar Financial Markets Authority and any of the entities falling under article 35 paragraph 12 of Law No. 8 of 2012 mentioned hereabove or declared bankrupt unless rehabilitated. During the same meeting, the Board also approved the listing of QIC International in Qatar Stock Exchange. QFC aims to promote Qatar as a major business and commercial hub at the crossroads between East and West. Displaying 1 - 50 of 51 Chinese digital bank plans Sukuk as it eyes a slice of Islamic finance pie. It was established in March 2005. As of September 2015, the CEO is Yousuf Al Jaida. The Qatar Financial Centre provides financial institutions with a world class financial services platform situated in an economy founded on the development of its hydrocarbons resources. Regulatory Objectives; 2022 Qatar Financial Centre Regulatory Authoritycherry.qa. 98, Doha, Qatar Significant Shareholders Mr Mani Kant Verma Behind the Business; Research & Reports; QFC Annual Reports; Indicators; Board of Directors ; Board of Directors. We are constantly looking to hire both local and international talent. 1437. Subsequent appeals to the QFC Regulatory Court have reduced fines for non-compliance, but QFCRA is a proactive step His Excellency Sheikh Mohammed Bin Hamad Al-Thani was appointed Minister of Commerce and Industry in October 2021. 3- Chief Executive Officer of the Qatar Financial Centre Regulatory Authority (QFCRA). The Authority shall have a separate legal personality and full capacity for legal dispositions in accordance with this Law. Level 14, QFC Tower 1 P.O. The QFC Regulatory Authority is the independent regulator of the QFC, established to authorise and regulate firms and individuals conducting financial services in or from the QFC. 1,9th Floor, Fintech Circle, QFC Tower 1, No. Board of Directors Resolutions; Cabinet Resolutions Regarding LMRA Fees; Resolutions of Other Entities Related to LMRA Duties; Labour Law; Law No. The Qatar Financial Centre QFC Institutions: The QFC Companies Registration Office, and any arbitral body or other institution or body created under Article 6 or Article 9: QFC Authority: The Qatar Financial Centre Authority established pursuant to Article 3: The Board: The Board of Directors of the QFC Authority: The Chairman: It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals. Mr. Karnik is the Head of Infrastructure at Qatar Investment Authority ("QIA"). Careers. Your one-stop-shop for all QFC brochures, guides, forms, and more. Appointed to the Board in June 2014 and reappointed in June 2017, 2020 and 2021. The Qatar Central Bank was originally until 1993 known as the Qatar Monetary Agency (and was known before that as Qatar Dubai Currency Board), founded on May 13, 1973 after Dubai joined the United Arab Emirates and disengaged itself from British monetary policy which the area had previously Aged 68. Legal Status QFC LLC. Professional Services Advisory/Consulting Professional Services - Information technology consultancy activities Professional Services - Event management services Significant Shareholders Mr. Zeid Sakir. Qatar Financial Centre: QFC Bodies: Companies Registration Office, Arbitral Bodies, Bodies or Entities to be set up under Articles 6 or 9: QFC Authority (QFCA) Qatar Financial Center Authority established in pursuit of Article 3 of this Law: The Board: QFCA Board of Directors: The Chairperson: The Chairperson of QFCA Board: The General Manager Doha. 0. The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law.