Conference calls for financial sustainability, tech innovation
<p>Doha: The Financial Sustainability Conference for Economic Sectors recommended bolstering financial sustainability and technological innovation across economic enterprises and sectors, into line with Qatar National Vision 2030 and the Third National Development Strategy (2024-2030).</p> <p>The conference, organized Wednesday by the Qatar Association of Certified Public Accountants (QCPA),…
Doha: The Financial Sustainability Conference for Economic Sectors convened on Wednesday, calling for enhanced financial sustainability and technological innovation across all economic enterprises and sectors, in alignment with Qatar National Vision 2030 and the Third National Development Strategy (2024-2030) (1).
The Qatar Association of Certified Public Accountants (QCPA) organized the event, urging economic enterprises to adopt an integrated approach to financial management that emphasizes financial sustainability, efficient spending, revenue diversification, risk management, governance, and digital transformation (2).
Conference organizers emphasized the critical role of digital transformation and artificial intelligence in financial management, highlighting how these technologies can significantly improve risk prediction and capitalize on long-term opportunities (3). The conference also advocated for the establishment of a financial sustainability committee representing all economic sectors, sponsored by a professional body like QCPA (4).
QCPA Board Member Mohamed Sultan Al Ali opened the conference, reaffirming the association's belief in financial sustainability as the cornerstone of institutional stability and economic sector growth (5). Al Ali underscored the association's commitment to fostering knowledge exchange, strengthening dialogue and cooperation among stakeholders, and developing responsible financial practices that balance present needs with future aspirations (6).
The conference included two panel discussions. The first session, moderated by the Director of the Financial Policies Department at the Ministry of Finance, Sheikh Ali bin Hamad Al-Thani, focused on financial sustainability in the government sector and public resource management amidst global changes (7). Al-Thani defined financial sustainability in the public sector as the state's capacity to maintain long-term financial solvency and stability, fulfill obligations, provide essential services, and invest in national development over the long term (8).
He emphasized that achieving financial sustainability is crucial for long-term economic stability and ensuring intergenerational equity (9).
Senior Vice President - Fixed Income at QNB Group, Talal Abdulrahman Al Mulla, presented on sustainable finance and the banking sector's role in supporting the economy (10). Meanwhile, financial consultant Dr. Labeeba Al Anzi discussed the pivotal role of governance and transparency in achieving financial sustainability (11).
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
