The summit of transformation in trade and treasury discusses innovation and digital development

Mark
Written By Mark

Under the patronage of His Excellency Sheikh Faisal bin Thani bin Faisal Al Thani, Minister of Trade and Industry, His Excellency Sheikh Khalifa bin Jassim bin Muhammad Al Thani, President of the Qatar Chamber and President of the International Chamber of Commerce Qatar, opened the activities of the “Qatar Summit to Transform in Trade and Treasury 2025”, in the presence of His Excellency Mr. Mohammed bin Hassan Al -Maliki, Undersecretary of the Ministry of Trade and Industry, and a group of senior businessmen and a crowd of experts and prominent speakers from different countries of the world.

During the summit, which is held for the first time in Qatar and organized by the Qatar Chamber and the International Chamber of Commerce – Qatar in cooperation with Mirg, the latest trends and visions in the trade and treasury sector, digital transformation in the field of banking transactions, and the role of digital transformation in providing innovative and smart solutions for criticism and payment, and promoting innovation and digital development in Qatar.

His Excellency Sheikh Khalifa bin Jassim bin Muhammad Al Thani, President of the Qatar Chamber and President of the International Chamber of Commerce Qatar, stressed that the convening of this summit embodies the commitment of the State of Qatar to invest in the economy based on knowledge, which puts the State of Qatar at the forefront of the leading countries in this field through a strategic plan characterized by innovation, efficiency and flexibility, considering the Qatar Summit to transform in trade and treasury is a platform for open dialogue and explicit discussions on the future of trade and financing that exceeds Theory deepens implementation to benefit institutions and societies alike, and confirms the conviction of the Qatar Chamber and the International Chamber of Commerce – Qatar, that the private sector is the best to qualify for developing global business standards, in order to enhance innovation and development in the financial and commercial sectors.

His Excellency pointed out that work sessions at the summit dealt with areas of commercial financing digitization, treasury transfer and border payments, artificial intelligence and their important role in enhancing the capabilities of treasury employees in large and small companies and many other factors that enhance the culture of financial planning and proper institutional investment.

For his part, His Excellency Mr. Mohammed bin Hassan Al -Maliki, Undersecretary of the Ministry of Trade and Industry, considered, in his speech during the opening session of the summit, the summit is a strategic platform for exchanging experiences and discussing the future of business and digital transformation in the financial sector and smart trade, and to learn about best practices and explore innovative solutions for challenges for a sustainable future, pointing to the unprecedented acceleration in the world in adopting modern technologies, and developments Confused in the areas of artificial intelligence, blockchain technologies and interconnected financial services, which requires us as countries and labor institutions to be at the forefront of this transformation.

His Excellency stressed what the State of Qatar attaches, based on its national vision 2030, of great importance to building a flexible and integrated commercial, industrial and financial system according to the highest standards of innovation, based on advanced digital infrastructure and balanced and stable economic policies, indicating that the State of Qatar has worked during the past years to invest in developing technological infrastructure to accommodate emerging technologies And keeping pace with the Fourth Industrial Revolution and attracting more investments in this field, where technological transformation and innovation were placed at the heart of the national strategy as pillars of restructuring the national economy, and heading towards the digital economy, efficiency and sustainability.

His Excellency Mr. Mohammed bin Hassan Al -Maliki stressed the importance of the pivotal role of the private sector in supporting the economic, industrial and commercial system, by focusing on innovation and keeping pace with the technological revolution, saying in this regard, “We are looking forward to constructive and inspiring discussions during this summit, and the fruitful partnerships and stimulating sustainable transformation in trade and treasury, in a way that enhances our global competitiveness and serves our goals in development Sustainable.

The first discussion session of the Qatar Summit for the Transformation in Trade and Treasury 2025 “The growing power of Qatar as a commercial state”, in which Mr. Mohammed bin Ahmed Al -Obaidli, member of the Board of Directors of the Qatar Chamber, Mr. Mubarak Al -Sulaiti, founder of the Board of Directors of Al -Sulaiti Company for Lawyers and Legal Consulting, and Mr. Ashraf Abu Issa, Chairman of the Board of Directors of Abu Issa Holding Company, and Mr. Fahd Baddar, CEO of CEO of Banking and Services International Banking of the Commercial Bank Qatar.

In his intervention, Mr. Muhammad bin Ahmed Al -Obaidli explained that integrating digital transformation, entrepreneurship and financial and banking systems will contribute to building a strong basis for bold investments and global partnerships, stressing the role of regional cooperation in enhancing Qatar’s commercial competitiveness.

He highlighted that the State of Qatar was able to enhance its position as a major global commercial center, and to grow its economic effectiveness as a major partner in international trade and investment, through a number of mechanisms, foremost of which are legislative and regulatory reforms, the diversification of energy and sustainability, the development of infrastructure and logistics, pointing to the progress made by the state in the field of technological infrastructure, innovation, the development of the telecommunications sector, and the use of Internet Internet (IOT) and artificial intelligence (AI), the adoption of Blockchain technology for safe and decentralized commercial transactions and supply chains management, as well as attention to leadership, innovation and the development of research and development strategies according to Qatar National Vision 2030.

During his intervention, Mr. Ashraf Abu Issa stressed the importance of economic and trade cooperation with the countries of the region and the countries of the Cooperation Council in particular, stressing the need to explore new global markets in light of global economic challenges, and benefit from the progress made by Qatar in a number of sectors of communications, media, tourism, industry and others.

In turn, Mr. Mubarak Al -Sulaiti touched on the legal and legislative environment for business in the State of Qatar, stressing that legislation and laws are an integral part of trade and business, and contribute to advancing economic activity, noting the importance of the Qatar Summit to transform in trade and treasury and put ideas and visions in light of global developments on the economy.

For his part, Mr. Fahd Badar indicated the efforts of the Commercial Bank Qatar in the Financial Technology Sector (Fintech), and to create and implement innovative financial solutions in line with Qatar Financial Technology Strategy 2023 launched by the Qatar Central Bank.

The second session of the Qatar Summit for the Transformation in Trade and Treasury 2025, which came under the title: “Control of Money Laundering, Penalties and Cheating”, discussed a number of legal axes of cases of combating money laundering crimes, where the speakers emphasized the great importance that the Qatari legislator attaches to addressing money laundering crimes, and that there is a keenness to follow up on technological progress to address financial crimes.

His Excellency Dr. Sheikh Thani Al Thani, a member of the Board of Directors of International Relations at the Qatar International Center for Conciliation and Arbitration, during his intervention in the session, dealt with the most prominent legal mechanisms that regulate the fight against money laundering, and the latest legislative developments in the State of Qatar in the light of the provisions of Law No. 20 of 2019, noting the obligations imposed on professionals and lawyers regarding the practice of their business within the State of Qatar in the field of combating money laundering and terrorist financing.

The third session, entitled: “The Future of Commercial Finance: Reap the Fruits of Digital Transformation”, and dealt with the latest developments in the field of digital transformation from the reality of practices, in which Mr. Alaa Al -Rousan, head of the Middle East and North Africa region in Swift, spoke, Mr. Venkata Brasad Infraganti, head of the Department of Banking Transactions at the Commercial Bank Qatar, Mr. Claide Rosanovsky, Vice President of Companies and President Europe, the Middle East, and Africa, MasterCard, and Mr. Bohan Chikirlich, CEO of passo X.

The fourth working session discussed the topic: “The treasury transformed – the transition from theory to reality”, and the session was chaired by Mr. George Tataro, the chief adviser to solutions and global sales at Vinastra, while Mr. Derek Quoc – the head of the treasury and international banking services, spoke at the National Bank, and Mr. Taher Birza – General Manager / Treasury and Financial Institutions, Bank Al Rayyan, Dr. Fawad Ishaq – President Treasury and Investment, Doha Bank, Dr. Ghada Mohamed Darwish Karboun – Founder and Administrative partner, at the office of Dr. Ghada Mohamed Darwish Carbon, and Dr. Al Anoud Al -Maadid – Head of the Finance and Economy Department, Qatar University.

In turn, Dr. Al -Anoud Al -Maadid reviewed a number of research related to the use of artificial intelligence and machine education, noting the legal framework and how to interact with artificial intelligence and financial technology, which would facilitate procedures and help make appropriate decisions.

While Mr. Taher Birza talked about liquidity management and how to use technology in conducting predictive analyzes and improving liquidity management in general, noting that institutions should work to update systems and integrate innovative solutions into their systems.

For his part, Mr. Derek Cocock said that there are legislative challenges related to risk management, stressing the importance of harmony in the institution on the journey of digital transformation.

Dr. Ghada Darwish said that the shift in trade and the treasury revolves around legal and legislative development, and that the main challenge is the compatibility and matching laws and legislation with developments in the transformation in trade and the treasury, and also touched on a number of legal frameworks and reforms that were recently approved.

The fifth session, entitled “Enabling Women Trade and Treasury in the Middle East and North Africa,” in which Dr. Buthaina Al -Ansari, Advisor to the Chairman of the Board of Directors, spoke of Bustlet Rail Estate Real Estate, Mashael Mohamed Al -Sulaiti, founder and chairman of the Board of Directors of Mashael Al -Sulaiti, Legal Consulting, Maha Al Saadi, Head of Organizational Affairs, Qatar Financial Center, and Fatena Dunn Barclays.

As for the sixth session, it was entitled “Improving Islamic Distribution Operations: Solutions of Modern Work”, while the seventh session dealt with the topic of “Borders Payments: From immediate payments and blockchain payments to integrated foreign currencies.”