Qatar: International standards vital in projects

In line with Qatar's national vision, one of the goals is to build a dynamic and diversified economy, based on sustainable development

Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani.
Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani.

Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani said that Qatar is keen to develop economic projects that are carried as per international standards and best practice.

He was speaking in Doha at the ‘Information Security Conference For The Financial Sector’ organised by the Qatar Central Bank (QCB) at Ritz-Carlton Hotel.

“The government is keenly interested in developing economic projects that are carried as per international standards and best practices to fulfil Qatar National Vision 2030,” he said in his opening address.

One of the targets of the national vision is developing the financial sector according international practices and standards, and economic growth and development is part of Qatar’s priorities to achieve this, he said.

A modern infrastructure to serve all sectors will fulfil Qatar’s strategy to build a dynamic and diversified economy, based on sustainable development.

The Prime Minister said that Qatar reiterates its aim to develop the financial sector and protect vital data.

Laws have been issued to regulate this sector and achieve goals of the legislations, like electronically linking all state apparatuses, using the latest systems and devices.

Qatar will continue to do it best to provide services to citizens according to the latest standards and the Prime Minister called on all sectors must co-operate, co-ordinate and work jointly to achieve these goals: “We have formed a supreme committee to ensure security and protection of data in the State along with representatives from the financial sector that specialises in developing an comprehensive and integrated strategy and oversee its implementation in the country,” he said.

The two-day conference aims to shed light on information and its challenges and improve infrastructure security.

QCB Governor H E Sheikh Abdullah bin Saud Al Thani highlighted that the security and protection of information is top priority because of its significant impact on the reputation of the entire banking sector.
He added that all authorities and experts around the world should work together to find solutions for threat of cybercrimes.

H E Dr Hessa Sultan Al Jaber, Minister of Information and Communications Technology said that the research estimates that cybercrime cost the world an estimated $400bn in 2014.

This is a figure that is greater than the GDP of more than 84% of countries across the globe.

“While Qatar has made great strides in developing and implementing Cyber security standards and requirements, it is important for the financial services community to understand cyber security is not solely concerned with compliance with financial regulations or government and industry regulations and standards.

“Meeting these standards represents a starting point rather than a destination. In the end, any organisation cannot effectively implement cyber security controls unless they truly understand what needs defending the most, to which the answer is not everything,” she added.

The Group CEO of Qatar National Bank (QNB) Ali Ahmed Al Kuwari pointed out that e-threats have become a fact of everyday life and are not directed against a particular country or a particular institution, but targeting everyone.

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