The Euromoney Qatar Conference 2013

Senior Qatari leaders took to the stage on 10 December at The Euromoney Qatar Conference 2013 to present the launch of a new stage of sustainable development for the Qatari economy, and to outline what the rise of Qatar means for the global economy.

Co-hosted by Qatar Central Bank, the conference was officially opened by H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister, State of Qatar, who said that this new phase of development requires government support to diversify the national economy and support the expansion of non-oil and gas sectors. It also requires the active participation of the private sector.

His message was reinforced by H.E. Ali Shareef Al Emadi, Minister of Finance, State of Qatar, who spoke on the role of the financial sector in supporting stability and ensuring the achievement of the Qatar National Vision 2030. “Financial stability requires sound fiscal policies and the development of a financial system that can cope with risks and boost the capacity of the national economic system to absorb risks,” he said. H.E. Sheikh Abdullah bin Saud Al Thani, Governor of Qatar Central Bank then highlighted the importance of the development of capital markets and the measures taken the central bank to date.

While the strong focus on Qatar’s vision for economic development dominated the early morning sessions of day one of the event, the conference attracted a strong group of overseas speakers who lent a global perspective to debates on the role of financial reform, conventional and Islamic Finance, and the development of capital markets in financing stable growth in the post crisis environment. International speakers included: Senator Philip Ozouf, Minister of Treasury and Resources, States of Jersey; Sarkis Yoghourtdjian, Assistant Director, Banking Supervision and Regulation, Board of Governors, Federal Reserve System; Khaled Al Fakih, Secretary General and Chief Executive Officer, Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI); Murat Çetinkaya, Deputy Governor, Central Bank of the Republic of Turkey; and Khaled Al-Aboodi, Chief Executive Officer, Islamic Corporation for the Development of the Private Sector (ICD) who said, “the private sector is the main engine of growth for jobs, better income, and increased standard of living. Achieving this development goal will require PPPs, supported by Islamic finance. Qatar is assuming an increasingly important prominent place on the world stage, while playing an important role in socio-economic development in Africa, Central Asia, and Southeast Asia.” A host of other international speakers took to the stage in the early afternoon to talk about their issuance and investment strategies for the coming year.

On the second day of the conference, financial leaders stressed that rapidly growing Islamic-based finance will drive the next phase of economic growth across the MENA region. As well as funding planned government infrastructure, sharia-compliant finance is increasing its importance in the corporate space. Ooredoo recently launched a USD 1.25 billion 5 year Sukuk as part of a growing trend. Qatar has taken a leading role in Islamic finance, in line with its goals of becoming a global financial hub. Rene Karsenti, President of ICMA and Chair of IFFIm, emphasised that Qatar benefits from solid attributes such as an English common law environment, and a world-class regulatory regime.

The participants agreed to hold the conference again in 2014 and to work during the next year to share new ideas on the future of the global and Qatari financial system.


 - QNB: The Next Growth Phase of The Qatar Economy. Joannes Mongardini, Ph.D. Head of Economics

Euromoney would like to thank all the delegates, speakers and sponsors for helping to make the second event in The Euromoney Qatar Conference series such a resounding success. We look forward to next year.

For sponsorship enquiries for 2014, please contact Victoria Behn: For speaker enquiries, please contact Sara Leech:

You can listen to the November Edition of the Euromoney Conferences MENA podcast here, featuring disucssion of the Bond and Sukuk markets in Egypt and Qatar.


 Go to Euromoney Online Channels to see videos of last year's conference, as well as exclusive interviews.