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For the First Time in the Region, WFE Launches in Doha the 55th Annual Meeting
Oct 21, 2015
His Excellency Sheikh Ahmed bin Jassim bin Mohammed Al Thani, Minister of Economy and Commerce and Chairman of the Qatar Stock Exchange, inaugurated the 55th Annual Meeting of the World Federation of Exchanges.
 
In his keynote speech, His Excellency praised the role played by stock exchanges all over the world. Additionally, he stressed the importance of the significant efforts made by the Qatari government to support local economic and financial institutions in order to strengthen the national economy. These efforts include issuing and enacting laws and regulations that stimulate this vital sector to attract foreign investment, regionally and internationally, to do business in the State of Qatar.
 
“The government has embarked on an ambitious and pioneering plan to diversify sources of income and avoid the over-reliance on oil and gas revenues,” His Excellency said. “This policy impacted clearly on Qatar's GDP in 2014, with private sector revenues accounting for nearly half of the national GDP.”
 
In line with this diversification approach, practical measures have been taken to activate and support the role of the private sector in the development process, the Minister noted. “The Qatari government attaches particular importance to the stability of economic policies, and is keen in its fiscal and monetary policy to regulate the costs of doing businesses, as well as continuing to spend on areas important for the growth of the private sector,” he said.
 
Mr. Rashid Bin Ali Al Mansoori, Chief Executive Officer of Qatar Stock Exchange, also delivered a speech at the opening ceremony. "We look at this event as an opportunity to exchange views in order to strengthen the means of cooperation between the participating exchanges, and find solutions to the difficulties and challenges that we may face, especially in light of the rapid economic, social and political changes seen throughout the world.”
 
“As with all member exchanges, we play a pivotal role in the domestic and international economy through meeting these objectives,” he continued. “We also have a responsibility for ensuring that all of our market participants can trade fairly and efficiently on our platform.”

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