Doha, December 11 (QNA) - 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 dear occasion to the hearts of all who live in the country.

He emphasized that National Day means a lot to every citizen and resident as it marks the glory and pride by the founder Sheikh Jassim bin Mohammed bin Thani when he laid the first building blocks for a modern state based on the principles of unity, dignity and independence.

In exclusive statements to Qatar News Agency (QNA) on the occasion of National Day, QFMA CEO said National Day celebrations are part of our upbringing and it's deeply rooted in the life of every citizen and resident through daily interactions and attitudes. It contributes to instilling values of loyalty, love of country, and connection to the foundations of the past and the heritage of our forefathers, and recalling their great achievements.

Dr. Al Binali pointed out that everyone is expressing their gratitude for the country’s achievements and its high standing among nations, noting that National Day is not just an ordinary day on the country’s calendar, but rather a national referendum that expresses the eternal spirit of Qatar inherited from the founding fathers.

He added that National Day symbolizes the unity of the Qatari people under one flag and embodies the journey of struggle and development undertaken by the founder, who established the foundations of sovereignty and independence on pillars of unwavering faith, firm resolve, and unyielding will. Through this occasion, the spirit of unity and solidarity between the leadership and the people is manifested.

QFMA CEO also spoke about the most prominent QFMA achievements, as this year witnessed a set of qualitative achievements in its journey, which come in line with the goals of Qatar National Vision 2030 and the Third National Development Strategy (2024-2030), which places among its priorities the development of financial markets as a main pillar of the national economy.

He added that, among the most prominent achievements that have been made is the promotion of the comprehensive digital transformation of QFMA’s services, and the development of legislative and regulatory frameworks in line with the best international standards, such as the system of governance of listed companies, controls on market conduct, amendments to some provisions of the financial services system, rules for licensing and regulating the depository entity, the guide on preparing sustainability reports for companies listed on the main market, and strengthening the control and supervision system using modern technological tools.

He pointed out that, in light of the rapid digital and technological transformations taking place in the global capital market sector, the QFMA has given great attention to integrating modern technologies into its activities and operations, due to the direct impact this has on improving performance efficiency. He added that the authority had also given its attention to improving the quality of services provided and enhancing disclosure and transparency. He highlighted that QFMA recently adopted a new regulatory system for trading in cooperation with Nasdaq, with the aim of enhancing the efficiency of regulation and the protection of market participants. It also implemented a single window to allow customers to process their transactions with ease and safety.

Regarding the future strategies that Qatar is working on for the financial markets, QFMA CEO said the Authority is looking to the future with an ambitious vision based on innovation, sustainability and enhancing confidence in the Qatari financial markets. Among the most prominent plans that QFMA is currently working on are increasing the attractiveness of the Qatari market for foreign investments, expanding the scope of digital transformation to include all institutional services and procedures, promoting investment culture through awareness programs targeting various segments of society, in addition to encouraging financial innovation and developing a legislative environment that allows for the adoption of modern financial instruments such as financial technology (FinTech), and enhancing Qatar’s position as a regional financial center through cooperation with international markets. (QNA)