Qatar exchange, Qatar finance sign MoU

In light of QE’s continuous endeavors to boost staff skills and enhance their technical and developmental capacities in line with the latest systems in place and traded products in the advanced money markets, the Qatar Exchange and the Qatar Finance & Business Academy signed today a cooperation memorandum of understanding (MoU) to achieve QE's objectives aimed at developing staff competency levels by means of providing first class training and educational services in business, finance and banking to keep up with the fast developments in the financial and business markets. The MoU signed by QE’s CEO Mr. Rashid Bin Ali Al Mansoori, and QFBA’s CEO Dr. Abdul Aziz Al Horr, provided for a productive and constructive collaboration between both parties in furtherance of QE's objectives in addition to extensive efforts to execute the mutual training agreements to the fullest extent. In an outline of this partnership, some of QFBA’s roles under the signed MoU will involve the assessment of staff skills and training shortages, identification of standard and bespoke courses that the staff should attend in addition to the provision of comprehensive proposals to cover all the technical needs of staff and delivery of courses as and when required by QE. Furthermore, the QFBA will provide all the necessary facilities including lecture rooms, audio-visual equipment and other material to facilitate the delivery of the courses. As to QE’s proposed role under the MoU, it will be limited to allowing access to relevant individuals and resources in order to assist QFBA in providing the course to its staff, performing the initial gap analysis exercise, providing course materials and information necessary for all employees to attend the course in a timely manner and assisting the QFBA team in performing their initial gap analysis. Commenting on the partnership, Mr. Rashid Bin Ali Al Mansoori, CEO of Qatar Exchange expressed his satisfaction in signing the MoU with QFBA, as being one of the most professional education and training centers in the State of Qatar in the finance and business fields, and hoped that the maximum benefit will be achieved from signing the MoU in terms of boosting staff skills and keeping them abreast of the latest developments in the finance and business fields. From his side, Dr. Abdul Aziz Al Horr, CEO of QFBA said "Qatar Finance and Business Academy is proud to sign this MoU with Qatar Exchange, one of the leading stock exchange markets in the region, and will work to deliver quality development to Qatar Exchange’s human capital hoping that this partnership will act as an example of positive alignment between the leading financial institutions in Qatar and Qatar Finance and Business Academy to achieve Qatar’s National vision of a diversified knowledge based economy."