(MENAFN- The Peninsula)
DOHA: Tajikistan’s visiting Prime Minister Kokhir Rasulzoda yesterday said his country is keen on attracting Qatari investments. Rasulzoda said that Qatar would be one of the top investors in Tajikistan’s promising sectors QNA reported.
Speaking to representatives of the biggest Qatari corporations Rasulzoda said that Qatari Diar is currently establishing a massive high-end real estate project called Diar Dushabne. Qatar is also building the country’s biggest mosque.He added that those two projects were the perfect example of the strong bilateral cooperation the two countries.
He said his meeting with Prime Minister and Interior Minister HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani focused on bilateral relations in the economy and trade fields.
Tajikistan has ample investment opportunities in fields like energy water resources tourism agriculture and the mining sector. Qatar is one of the top investing partners Tajikistan is looking for he added.
QFCRA proposal to strengthen Islamic Banking prudential framework
DOHA: The QFC Regulatory Authority has released two consultation papers containing proposals that will strengthen the organization’s prudential framework for Islamic banking as well as the Conduct of Business Rules 2007 (“COND”).
The first paper calls for public comment on draft Rules that are designed to develop a new Islamic banking prudential rulebook. The QFC Regulatory Authority has sought to align the draft rules with the latest international regulatory standards of the Islamic Financial Services Board (“IFSB”) and the Islamic banking framework of the Qatar Central Bank.
The second paper calls for public comment on draft Rules that amend three aspects of COND: the definition of business customer re-classifying customers and the Customer Dispute Resolution Scheme.
These revisions support the QFC Regulatory Authority’s commitment to the maintenance of high international regulatory standards for financial services and the continued development of the QFC as a leading financial and business centre in the Middle East.
The consultation period is open until 1 November 2015. The consultation papers and draft Rules are available on the website of the QFC Regulatory Authority at www.qfcra.com.
QE index gains110.83 points
Doha: Qatar Exchange (QE) index gained 110.83 points or 0.98 percent yesterday when it closed at 11465.35 points.
The market capitalisation increased to QR604.468bn from QR599.354bn registered on Sunday. The daily turnover decreased to QR174.853m with a volume of 4336845 shares from 3080 transactions compared with QR180.559m with a volume of 3848462 shares from 2651 transactions on Sunday.
QNA