(MENAFN - Qatar News Agency) The first ever Bloomberg Doha Conference, organized by Bloomberg LINK in partnership with the Qatar Financial Centre Authority (QFC Authority) ended here on Tuesday.
The two-day event attracted more than 350 asset managers from all over the world.
According to a release by the QFC Authority, the conference enabled professionals in the asset management industry to exchange views on the issues facing the industry on a regional and global level. Furthermore, it provided an opportunity to deepen understanding of Qatar's role in fund management as one of the world's fastest growing economies.
Bloomberg Doha participants discussed a variety of topics including the changing arena for private equity, the role of financial markets in Qatar's development, relaying the Middle Eastern economy from an oil-based status, banking in 2012, opportunities emerging amid global crises, the state of the asset management industry, and Islamic finance.
Delegates also held talks on political risk in the region and transcending it, ensuring financial sustainability and economic diversification in Qatar, developments of the emerging markets where smart money is being invested, and investment opportunities in Afghanistan and Iraq.
The conference also addressed the importance of developing service industries in the economic diversification context. While analyzing the banking scene in 2012, the conferees and discussants agreed that the infrastructure requirements of the FIFA World Cup 2022 created opportunities for Qatari and regional banks.
The participants in the panel on the Qatar National Vision 2030 and ensuring financial sustainability speculated over the possibilities of balancing social, economic, environmental and human development.
Bloomberg Doha Conference showcased the increasing importance of asset management to the Gulf countries' economic development, headed towards a bigger role in the expansion strategies of global asset managers.
The region presents vital economies, deep pools of capital, high savings ratios, ambitious infrastructure investment plans, strengthening ties with emerging Asian markets as well as other soaring economies, and favorable demographics.
QFC is a financial and business centre established by the Government of Qatar and located in Doha. The QFC Authority is the commercial, administrative and legislative body responsible for leading the expansion of Qatar s financial services sector, providing a uniquely sustainable platform for regional growth in reinsurance, captive insurance and asset management.
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