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  JUNE  2009

The Qatari Businessmen Association General Assembly

The  Qatari  Businessmen Association’s  General Assembly  was convened on the 22nd of june 2009 at QBA’s headquarters ,the meeting was headed by Sheikh Faisal Bin Qassim  Al Thani QBA’s Chairman in the attendance of QBA  Deputy Chairman Mr.Hussien Ibrahim AL Fardan,QBA’s Secretary General Mr.Issa Abu Issa,and QBA’s Board Memebers:Mr.Abdullah Bin Nasser Al Misnad ,Mr.Omar Bin Hamad Bin Abdullah Al Mana, Sheikh Khalid Bin Thani Al Thani,Sheikh Hamad Bin Faisal Al Thani  and QBA Members:Sheikh Abdullah Bin Ahmad Al Thani,Mr.Nasser Al Kaabi,Mr.Ibrahim Al Jaidah,Mr.Ibrahim Al Neama,Mr.Maqboul Habib Khalfan,Mr.Khalid Al Mannai,Mr.Nasser Sulieman Al Haidar,Mr.Marzouq Al Shamlan,Eng.Ali Abdul Reeda Mashadi.

After ascertaining the quorum qba's secretary general delivered the following report: Five years following its creation, we have the pride and pleasure to welcome you to the general assembly of the Qatari Businessmen Association (QBA). I would like to express on my behalf and on behalf of QBA members our sincere grief on the loss of H.E Sheikh Fahed Bin Jassim Al Thani the minister of business and trade as he was a great example for dedication at work and he was a constant supporter of the Qatari private sector. First as mentioned in the statutes, this kind of meetings is meant as a milestone in the life of our association, where we can take the opportunity to assess what have been achieved so far, and what should be done for the future.

 

During this meeting we will present you with a thorough report regarding the association’s functioning and activity during its first years of existence. Yet, before letting the numbers talk, it should be emphasized that the first and maybe best QBA’s deed is that it managed to impose its name. Our association has succeeded in gaining the recognition and respect of local as well as foreign economic and politic actors. And that happened thanks to the constant support of the economic public entities in Qatar lead by HIS Highness the Emir and, to the competence and dynamism of its members, and to a qualified staff.

Now that our association has went through its first years, it’s up to us to keep on the effort to lead it to maturity, where it should become the institution that cannot be ignored when it comes to business, investment opportunities, and economic growth in Qatar.

 

At times where a severe financial and economical crisis is storming the world, we thank god for giving our beloved Qatar the natural wealth an d the wise leadership that protected it from the huge effects of the crisis, and as the preferred answer to facing the repercussions of this financial situation  seems to be more interaction and cooperation between public and private sectors, institutions such as QBA are more needed than ever. For it’s in the very core of QBA’s mission to lay a bridge between private and public sectors, to put, in one hand, the expertise and experience of Qatar’s most pro-eminent businessmen at the service of the economic and social Qatari community, and to translate, in the other hand, the orientations and strategies planned by the government into the private sector. That’s what QBA was doing by wise choice before the crisis, and now every country in the world will need its own QBA in order to deal with the current hardships.

 

Just as QBA was up to the task in the period of rapid economic growth and prosperity that blossomed practically the same time it was born, QBA will do its share in face of the challenges raised by the current recession, to consolidate Qatar’s economical and social fabric in hard times, and to improve its growth and development in better ones.

 

1.       Conferences: since its establishment  QBA has participated and organized more than 50 local regional and international economic conferences and forums .with the aim of promoting Qatar as a business and professional hub in the region and introducing an d approaching modern economic issues and  tendencies, following are several business forums that QBA has organized:

·         The 9th Arab Businessmen Federation Business Forum.

·         Connecting the leadership forum

·         Conference on corporate governance

·         Investment Funds Conference

·         2nd Qatar Economic Forum

·         Networking events for financial professionals

·         The third Businesswomen in Islamic countries Business forum

·         The 2nd Arab-South American business Forum.

 

2.       Delegations: QBA  has hosted  more than 450 highly distinguished  business foreign delegations  that vary in representation from heads of states, prime ministers ,ministers  of business and trade, chairpersons of business associations and chambers of commerce, from a spectrum of countries that cover the international business community such as, germany,france,usa,Italy,spain,uk,turkey,belguim,Switzerland,

Romania,Cyprus,japan,china,singapore,korea,Malaysia,U.A.E,Bahrain,Kuwait,Iraq,Lebanon,Egypt,Syria,Palestine,Jordan,morocco,and Algeria.

3.       Seminars: a business service aiming at raising the business and professional conscience in the Qatari community and introducing international and regional business issues and trends:

·         upgrading local technical and managerial skills,

·         Future of services in Qatar following the order of WTO & FTA,

·         Seminar on the challenges and strategic business opportunities that face the Qatari Private Sector

 

4.       MOU’s: within its role of promoting and introducing the Qatari private sector to the international business community and creating links and opening gateways for qatar’s business community with its counterparts in the regional and international arena qba has signed  (number) of MOUs with business associations and chambers of commere from:germany,france,spain,Italy,south America,korea,singapore…

5.      Research and economic reports:qba has participated in issuing business reports promoting Qatar as a booming robust economy and highlighting its private sectors role in the development  through supporting and collaborating with famous economic monthlies such as: fortune,oxford business group, business week.

6.       Initiatives: QBA has engaged in initiatives that develop interaction and cooperation among key sectors and associations that serve the same goal in creating a healthy business culture and supporting the business development of Qatar such as the cooperation with Carnegie Mellon business school in their yearly entrepreneurship program, an MOU with the board responsible for the development of SME’s in Singapore, and the collaboration and fostering of AIESEC.

7.       Within its role of creating a link between the members of the private sector and the Qatari government and business authorities ,qba has participated in several  committees initiated by the ministry of economy and commerce  such as:the committee for activating economic policies the committee for sme's growth development

8.       Memebership:QBA has expanded cautiously its membership throughout  these five years  in order to maintain the same selective and high caliber presentation ,.it started with 8 memebers and is now bringing together  32 members of the most influential and distinguished Qatari businessmen,QBA has been joined in 2009 by three new respected members: Dr.Hussien Al Abdullah CEO Al Rayan Bank  ,Mr.Nabil Abu Issa Vice President Blue Salon Group.and Mr.Micheal Collis CEO Aamal Holding

The assembly also witnessed the following decisions:

 

1.       Ratification of the  Auditors  Report

2.       Discharge of the board members

3.       Ratification of the  Budget

At the end of the meeting the following QBA Board Members were elected for a new term:

1.       Sheikh Faisal Bin Qassim Bin Faisal  Al Thani ,Chairman

2.       Mr.Hussien Ibrahim Al Fardan,1st Deputy to the Chairman

3.       Sheikh Khalid Bin Thani Al Thani,2nd Deputy to the Chairman

4.       Mr.Issa Abdul Salam Abu Issa,Secretary General

5.       Sheikh Nawaf Bin Nasser Al Thani

6.       Mr.Abdullah Bin Nasser Al Misnad

7.       Mr.Omar Bin Hamad Bin Abdullah Al Mana

8.       Sheikh Hamad Bin Faisal Al Thani

9.       Mr.Sherida Bin Saad Bin Jibran Al Kaabi

                                                                                                      

Later to QBA’s general assembly’s Meeting ,QBA’s board members held a  board meeting with a single with the aim of electing the executive committee of the association and following are the results:

 

1. Sheikh Faisal Bim Qassim Al Thani

2. Mr.Hussien Ibrahim AL Fardan

3. Mr.Issa Abdul Salam Abu Issa

 

 

At the end all QBA Memebers  conveyed their  Highest regards and Utmost respect and gratitude for His Highness the Emir Of the State of  Qatar Sheikh Hamad Bin Khalifa Al Thani ,and His Highness Sheikh Tamim Bin Hamad Al Thani  the Heir Apparent ,and His Excellency Sheikh Hamad Bin Jassim Al Thani,Prime Minister and minister of Foreign Affairs.

Macedonia Delegation

QBA received an official High Level delegation from Macedonia, headed by H.E Mr. Abdul Kader Mamdi Minister of State of the Macedonian Ministry of Foreign Affairs in its Premises on June 14th  09 .

Sheikh. Faisal Bin Qassim AL –Thani, Chairman of QBA , Mr. Nasser Sulaiman Al –Haidar & Mr. Maqbool Habib Khalfan were there to welcome the Macedonian Delegation.

The Minister of State of the Macedonian Ministry of Foreign Affairs reviewed the most important Economic Development in Macedonia, explaining the major initiatives of the Macedonian Government to develop an attractive environment for foreign investment such as the encouraging tax laws that reduced the tax rate on corporate profits from 12 to 10 percent. In addition to the taxation exemption of the new projects in the first five years and also there are facilities to invest in land and real estate in addition to the presence of skilled and specialized manpower.

 

The Macedonian Minister also expressed the interest of the Supreme investment organization headed by the Macedonian Prime Minister and with the membership of the Minister in strengthening cooperation with Qatari Businessmen Association and to build a bridge to show the Qatari Businessmen & investors the Cooperation and investment opportunities in Macedonia

 

Chairman of QBA commended the interest shown by the Macedonian Public and Private sectors in activating economic relations with Qatar, this is reflected in the mutual visits between the two countries and the trade agreements signed recently such as the investment promoting agreement and the commercial cooperation agreement. Shk. Faisal also expressed the interest of Businessmen in exploring the cooperation & investment opportunities in Macedonia especially in the tourism and agriculture fields.    

At the end of the meeting the Macedonian Minister invited QBA’s chairman and members to visit Macedonia to learn more about the investment opportunities there. 

3rd Qatar Economic forum Press

1st & 2nd of June 2009

Sheraton Hotel

Doha -Qatar

After the success of the first and second Qatar Economic Forums that were held in 2006 and 2007 , the Qatari Businessmen Association ,the Qatar Ministry of Business and Trade and Al-Iktissad Wal Aamal Group organized the third annual Qatar Economic Forum that was held on the 1st and 2nd June, 2009 at the Sheraton Doha Hotel and Resort in Doha, Qatar.

 

The forum, which was held under the patronage of HH the Deputy Emir and Heir Apparent Sheikh Tamim bin Hamad Al-Thani, holds particular significance in view of the fast pace of economic growth and development in Qatar and it is once again, a unique opportunity to keep track of what is happening in Qatar's dynamic economy, and of the huge investment and business prospects that it offers. The forum also considered to be an ideal venue for meeting and networking with leading Qatari, Arab and foreign business, finance and investment leaders.

 

3rd Qatar Economic forum was attended by business Leaders and professionals from all over the world . from QBA Shk. Faisal Bin Qassim Al-Thani Chairman of QBA attended the forum, Mr. Hussein Ibrahim Al Fardan Deputy Chairman of QBA, Mr. Issa Abdull Salam Abu Issa Secretary General of QBA and QBA Board Members Shk. Nawaf Bin Nasser Al-Thani, Mr. Abdullh Bin Nasser Al-Misnad, Shk. Hamad Bin Faisal Al-Thani and QBA Members Mr. Sherida Saad Jubran Al-Kaabi, Mr. Maqbool Habeeb Khalfan, Shk. Nasser Bin Hamad Al-Thani, Mr. Ali Abdull Reda Mashhadi, Mr. Salah Murad, Mr. Nasser Sulaiman Al-Haidar.

 

The speakers list contains a number of significant speakers representing key business and financial institutions such as: H.E. Sheikha Hanadi Nasser Bin Khaled Al Thani, Chief Executive Officer of “Al Waab City” Real Estate Development Project, Qatar, Dr. Ibrahim Ibrahim, Secretary-General, General Secretariat for Planning Development of Qatar, Sheikh Mohamed bin Ahmed bin Jassim Al Thani, Chairman, Qatar-Connect ,Mr. Issa Abu Issa, Chairman and CEO, Salam International Company, Qatar ,Dr. Henry Azzam, Chief Executive Officer-Middle East and North Africa, Deutsche Bank, Mr. Salah Al Jaidah, Chief Executive Officer, Qatar Islamic Bank, H.E. Badr Al Humaidi, Chairman, Triple E Holding - Emtiyaz Engineering & Energy, Kuwait, H.E. Dr. Yousef Al Zalzalah, former Minister of Trade & Industry, Kuwait

 

Some of the major topics that were discussed at the Qatar Economic Forum included:

  • Upcoming gas and oil projects and their economic impact.

  • Industrial development options and priorities, and prospects for the development of manufacturing industry.

  • Plans to develop new economic areas and investment opportunities in these areas.

  • Qatar's developing role as a regional financial center: prospects and challenges

  • Infrastructure projects and related contracting opportunities

  • Developments and investment opportunities in the real estate sector

  • Main problems and challenges arising from rapid growth

 

 

 Qatari Businessmen Association

Tel: +974 44353120 Fax: +974 44353834  Email: [email protected]   P.O.Box : 24457 Doha -Qatar

Disclaimer: QBA assumes no responsibility for the accuracy or timeliness of the information. Any views or opinions expressed are those of the authors.