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Qatar Financial Markets Authority Aligns with International Standards Through New Governance Code

Doha: In a recent editorial, Al-Watan newspaper highlighted the importance of the Qatar Financial Markets Authority's (QFMA) issuance of the Code of Governance for Listed Companies. This initiative is seen as a pivotal move to align Qatar's capital market regulatory environment with global best practices.

According to Qatar News Agency, the Code encompasses a wide range of topics, including the duties and responsibilities of the Board of Directors, its composition, membership requirements, Board practices, conflicts of interest, Board committees, senior executive management, and the internal control system. The Code is grounded in principles such as integrity, transparency, fairness, equality, accountability, and oversight, aiming to adhere to international governance standards.

Al-Watan further emphasized QFMA's commitment to transparency and disclosure, highlighting its role in promoting sustainability and establishing necessary departments and committees to enforce governance requirements. These efforts are anticipated to bolster investor confidence and add significant value to the Qatari financial market.

In another editorial, the Peninsula newspaper focused on Qatar's burgeoning reputation as a global racing destination, with Lusail set to host the Formula 1 Qatar Grand Prix 2025 from November 28 to 30. Since its debut F1 race in 2021, Lusail has grown in stature, and it will also host the fourth round of the 2026 MotoGP World Championship.

The Peninsula noted that Lusail continues to host the FIA World Endurance Championship Qatar 1812 KM, contributing to a diverse racing calendar. Few circuits worldwide can boast hosting Formula 1, MotoGP, and endurance racing with the level of organization and fan experience found in Lusail. This positions Qatar as a leading hub for global racing, particularly in the Middle East.