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Tribune News Network
Doha
The Qatar Financial Centre (QFC) Authority, a leading onshore financial and business centre in the region, held a special virtual celebration of Qatar National Day 2020.
The digitised celebration offered an ideal opportunity to reflect on the nation’s core values - freedom, strength, and resilience – particularly in an unprecedented year of global economic slowdown brought about by the coronavirus pandemic.
QFC Authority Chief Executive Officer Yousuf Mohamed Al Jaida kicked off the virtual event. Speaking on the occasion, Jaida said, “Even though we are holding an unusual virtual celebration this year, I believe honouring Qatar and its people today is more worthy than ever. This year, Qatar National Day 2020 comes amidst the COVID-19 pandemic that has changed how we interact with one another and ushered in a new normal era to everyday life.”
Jaida said, “Against all odds, we are celebrating another year of our nation’s excellence, strength and economic resilience. Qatar is leading the economic recovery in the region with a promising outlook for 2021, reflected in the positive projections by world-renowned organisations such as the International Monetary Fund and the World Bank.”
Qatar Financial Centre Regulatory Authority (QFCRA) Chief Executive Officer Michael Ryan said, “This year, Qatar has a lot to celebrate with the country’s collective efforts to curb the spread of the virus, and continued productivity and proactivity in every sector despite the challenges. On National Day, we celebrate Qatar’s history and legacy, but also its achievements and resilience in 2020.”
Speaking on the occasion, Qatar Finance and Business Academy (QFBA) CEO Khalid Mohammed Al Horr said, “At QFBA, we will continue to play our role in human capital development and finance education to provide the financial services and the banking sector with the necessary competencies needed to continue the journey for Qatar’s progress and development.”
QICDRC CEO Faisal Al Sahouti said, “The past decade has seen many achievements for the Court and the country. As we celebrate National Day this year, we are reminded of our community’s unwavering solidarity and collaborative ability to overcome challenges, especially during the COVID-19 pandemic, as well as our joint efforts in
achieving the Qatar National Vision 2030. The Court is proud to be a contributor to Qatar’s path to excellence, and we will continue to overcome challenges together to work towards a
brighter future for the entire country.”
Commenting on the occasion, IPA Qatar CEO Sheikh Ali Alwaleed Al Thani said, “Despite the challenges imposed by the pandemic, Qatar’s leadership, people, and the economy continue to show resilience.
This year, the Qatar National Day is an auspicious occasion to reaffirm our values and achievements. As we celebrate this special day, we are also envisioning an even brighter future with our national, as well asinternational partners.”
The QFC is an onshore jurisdiction that allows registered companies to enjoy competitive benefits, such as up to 100 percent foreign ownership, 100 percent repatriation of profits, 10 percent corporate tax on locally sourced profits, and an extensive double taxation treaty network with over 80 countries, a legal environment based on English common law and the right to trade in any currency.
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17/12/2020
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