Qatar could be home to a World Bank regional office

July 7, 2010
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Qatar could be home to a regional office of the World Bank, the head of a consulting company has said.

Talal Abu Ghazaleh, chairman of the United Nations Global Alliance for ICT and Development, said that a proposal in this regard would be discussed with Qatar’s business and commerce ministry.

“I would like to discuss with the ministry about the possibility of Qatar hosting the regional centre for a corporate governance operation of the World Bank,” Abu Ghazaleh said, quoted by Qatar Tribune on Wednesday.

“We have been looking for a base for the World Bank in the region where we can promote, train, expand and advance the concept of corporate governance,” he said.

Corporate governance is emerging in the region, but it is not altogether new, he said.

Pointing out at the expanding role of corporate governance in the region, he said that emphasis so far had been on banks, but the focus has since shifted to other organisations.

“What we are talking about now is expanded corporate governance, not limited only to public companies, shareholding companies and banks,” he said. “It is a culture that should be imbibed by every organisation and every operational unit. It should apply to schools, army, government, businesses, private and professional services among others,” he said.

Abu Ghazaleh said that corporate governance was taking off in Qatar, but it still had “a long way to go.”

“Corporate governance is about how the company governs itself, but the government has a role in preparing the guidelines and control mechanisms to ensure its implementation,” he told the Qatari daily weeks ahead of Qatar Corporate Governance Conference to be organised by Qatar Financial Centre Regulatory Authority in Doha in September.

“Plans for bringing experts from the reputed international financial institution to the conference are already afoot. Bringing their expertise to the conference would really benefit Qatar,” he said. “We can also organise post-conference workshops for participants on how to implement and promote corporate governance in the region.”

 

 

 

 

         

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About the author

Born August 3, 1960 in Monastir, Tunisia
Career
Media career:
  • ABC News (Tunisia)
  • Bahrain Tribune
  • Gulf News
  • Bahrain Television News
Teaching career:
  • Monastir (Tunisia)
  • University of Bahrain
Education
  • MA  Mass Communications, University of Leicester
  • BA  in English & US literature and studies, University of Tunis

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