May 13, 2021
2 mins read

Cabinet nod for MoU between ICAI, QFCA

The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar….reports Asian Lite News

The Union Cabinet on Wednesday approved signing of Memorandum of Understanding (MoU) between Institute of Chartered Accountants of India (ICAI) and Qatar Financial Centre Authority (QFCA).

The MoU would enhance cooperation between the Institutes to work together to strengthen the Accounting profession and entrepreneurship base in Qatar.

ICAI has a strong membership base of over 6000 members in Middle East and Qatar (Doha) Chapter is amongst the most vibrant Chapters of ICAI. ICAI members hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar.

The signing of this MoU would provide an additional impetus to prospects of the ICAI Members in the entire Middle Eastern Region to have better recognition, together with working to support Indian businesses desirous of doing business in Qatar and thus supporting the growth of Qatar and India’s economies.

The ICAI also has an active Chapter in Doha, Qatar which was established in the year 1981 and is the oldest among the 36 overseas Chapters of the ICAI. The membership of the Chapter has grown steadily since its founding days and presently has over 300 members who hold key positions in various private and public companies and are actively involved in support and development of the accounting profession in Qatar. This MoU will benefit Ministry of Corporate Affairs, Institute of Chartered Accountants of India and Qatar Financial Centre Authority.

As per the MoU, both sides would endeavour to increase opportunities for members of ICAI to provide professional services through setting up practice for providing professional services in the State of Qatar in the areas of assurance and auditing, advisory, taxation, financial services and allied areas.

ICAI shall also nurture and develop local Qatar professionals, entrepreneurs and students through a specialized training programme, in collaboration with QFCA.

ICAI and QFCA will work together to explore the opportunities for Indian businesses in Qatar by organizing roundtables, networking events etc., as the case may be mutually agreed.

ALSO READ: Kerala Covid tally touches record high

Previous Story

Vehicular movement plummets at Kerala-TN borders

Next Story

Generous gesture from unemployed doctors in Mizoram

Latest from Arab News

Kuwait Celebrates 250 Years with India

Kuwait hosts five-day exhibition marking 250 years of ‘friendship’ with India….reports Asian Lite News Indian Ambassador to Kuwait Adarsh Swaika and Director General of Kuwait’s National Center for Culture, Arts and Letters

Trump sheds isolationism during Middle East trip

His four-day trip through Saudi Arabia, Qatar and the UAE has underscored how dramatically he has reimagined traditional alliances and inserted himself into global conflicts The first major overseas trip of President

Erdogan’s Turkey Turns on India

Under Erdogan, Turkey-Pakistan ties have transformed into structured military cooperation, encompassing defence production, training, joint operations, and strategic alignment….writes Baidya Bikash Basu New Delhi: Under Turkish President Recep Tayyip Erdogan’s rule, Turkey

54 killed in overnight airstrikes in Gaza

It was the second night of heavy bombing, after airstrikes Wednesday on northern and southern Gaza killed at least 70 people, including almost two dozen children Multiple airstrikes have hit Gaza’s southern

Trump meets Syria’s Ahmed al-Sharaa in Riyadh

US Secretary of State Marco Rubio and other top officials were also present during the meeting….reports Asian Lite News US President Donald Trump met with Syria’s interim leader, Ahmed al-Sharaa, in Riyadh
Go toTop

Don't Miss

ICAI asks auditors, accountants to use Hindi

Several chartered accountants have expressed their concern about Jambusaria’s language