Commercial Bank recently hosted a well-attended forum for treasurers and chief financial officers of government and semi-governmental companies at Commercial Bank Plaza to share ‘risk management strategies’ in the current macroeconomic environment.
The event was organised and hosted by the Government and Public Sector unit within Commercial Bank’s Wholesale Banking Department.
Dr Abdulaziz al-Ghorairi, Commercial Bank senior vice-president and group chief economist and head (Asset Management) made a presentation on the ‘Global economic outlook’, examining global GDP, levels of trade, and drivers influencing oil prices and liquidity. Al-Ghorairi stated that sluggish trade and a more demanding liquidity environment could lead the world economy to grow at only a modest pace. Qatar, while not insulated, was better positioned than most other energy exporting countries to weather the current hydrocarbon price environment supported by robust macroeconomic fundamentals.
Parvez Khan, Commercial Bank EGM (Investments & Strategy), moderated an interactive session touching upon best practices in risk management that could be considered towards managing market risk and becoming more integral to a company’s financial strategy.
Also Rajbhushan Buddhiraju, EGM & Head of Wholesale Banking, made a presentation on current local market developments.
Commercial Bank EGM (Government & Public Sector) Khalifa al-Rayes said, “Commercial Bank enjoys strong relationships with government and semi-governmental companies and we are always looking to provide our customers with added value products and services to help them meet their business objectives. Through Commercial Bank breakfast forums, we hope to build a strong community of knowledge-sharing between us by discussing industry insights and best practice which is especially important in light of the current oil price and other factors influencing the GCC.”
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