The changes in the global economy and Qatar’s rising importance as a financial hub will be the focus of a top Euromoney conference in Doha, Qatar in November.

The third Euromoney Qatar Conference ‘global finance: re-launched’ will bring together leading financial players, alon with a representative cross section of Qatar’s financiers and policy makers, said a statement.

The conferences have provided a key opportunity to examine the state of global finance, and the key steps that must be taken to redesign, re-engineer and re-launch the financial sector to ensure sustainability and long-term returns, it said.

The Qatari economy has entered a new phase of diversification, with large investment spending in the non-hydrocarbon sector increasing by 6.5 per cent last year, up from 6.1 per cent in the previous year, while growth in the hydrocarbon sector slowed, according to the most recent QNB Group Qatar Economic Insight report.

The ouble-digit growth in the non-hydrocarbon sector – driven by higher investment spending and a growing population – has fed into the on-going expansion of the Qatari financial sector, and generated significant opportunities for global financial institutions, it said.

Senior executives from major national and international institutions, including Qatar National Bank, Qatar Investment Authority, and Atlantic Financial Inc., will try to examine the implications of this economic shift.

In addition, they will look at the wider factors impacting the global banking sectors – and implications of current legislative and structural changes for organisations in the GCC region.

Richard Banks, regional director, Euromoney Conferences, said: “We are very excited to return to Qatar at a key moment for the global and regional economy. In-line with the Qatar National Vision 2030, the financial sector has evolved and developed significantly in recent years, and global interest in the opportunities presented by the rise of Qatar is at an all-time high.” - TradeArabia News Service