Doha: CEO of the Qatar Financial Markets Authority (QFMA), Dr. Tamy bin Ahmed Al Binali, affirmed that the State of Qatar's celebration of National Day is a significant occasion for all who reside in the country. He emphasized that National Day is deeply meaningful for every citizen and resident, marking the glory and pride initiated by the founder Sheikh Jassim bin Mohammed bin Thani when he laid the foundations for a modern state based on unity, dignity, and independence.
According to Qatar News Agency, Dr. Al Binali stated that National Day celebrations are ingrained in the upbringing of every citizen and resident. They play a crucial role in instilling values of loyalty, love for the country, and a connection to the heritage of their forefathers, as well as recalling their significant achievements.
Dr. Al Binali highlighted that the occasion is a time for expressing gratitude for Qatar's achievements and its esteemed standing among nations. He described National Day as more than just a calendar event; it is a national referendum that reflects the enduring spirit of Qatar inherited from its founding fathers.
He further noted that National Day symbolizes the unity of the Qatari people under one flag and embodies the journey of struggle and development led by the founder. This occasion manifests the spirit of unity and solidarity between the leadership and the people.
QFMA CEO also discussed the authority's prominent achievements, aligning with Qatar National Vision 2030 and the Third National Development Strategy (2024-2030), which prioritize the development of financial markets as a key pillar of the national economy.
He mentioned that significant achievements include promoting comprehensive digital transformation of QFMA services and developing legislative and regulatory frameworks in line with international standards. These include governance systems for listed companies, market conduct controls, and amendments to financial services provisions, among others.
Dr. Al Binali emphasized the QFMA's focus on integrating modern technologies into its operations, improving service quality, and enhancing disclosure and transparency. He noted the adoption of a new regulatory system for trading in cooperation with Nasdaq, aimed at enhancing market regulation and participant protection.
Regarding future strategies for Qatar's financial markets, Dr. Al Binali outlined an ambitious vision based on innovation, sustainability, and confidence enhancement. Plans include increasing the market's attractiveness for foreign investments, expanding digital transformation, promoting investment culture, and encouraging financial innovation. Efforts also aim to establish Qatar as a regional financial center through international market cooperation.