NASCO KARAOGLAN FRANCE is delighted to announce the launch of NASCO KARAOGLAN QATAR following its successful authorisation by the Qatar Financial Centre Regulatory Authority (QFRCA).
Mr. Serge Karaoglan - President of Nasco Karaoglan France said "As the first insurance and reinsurance broker to be established in the prestigious Qatar Financial Centre (QFC) in Doha, NASCO KARAOGLAN QATAR will consolidate the existing and highly successful operations of the NASCO Group in the Gulf. A team of dedicated professionals will bring a wealth of experience and commitment to meet the new challenges of the 21st century from the hub of one of the world's most dynamic new business centres."
For almost 50 years, NASCO KARAOGLAN Group has been recognised as a leading provider of insurance and reinsurance services in the MENA region and has offices in Dubai, Abu Dhabi, Lebanon and France.
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Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC will operate to international standards and provide a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005.
QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorize, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centers. The Regulatory Authority is currently receiving applications and granting authorisations.
QFC Authority
The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar.
The QFC Civil and Commercial Court and QFC Regulatory Tribunal
The QFC Civil and Commercial Court and QFC Regulatory Tribunal were launched in February 2007. The President of the Court is Lord Woolf, formerly Lord Chief Justice of England and Wales. The Court is modelled on the internationally respected Commercial Court in London. In the event of disputes in matters of law, it will be the final arbiter. The Regulatory Tribunal has been established to hear and decide upon appeals from decisions of the QFC Regulatory Authority and other QFC agencies. Its Chairman is William Blair, QC. Both the President and the Chairman are supported by Judges who have held the highest judicial offices in their own jurisdictions.
For more information, please contact:
George Nahra, Nasco Dubai
Tel: + : 00971 4 3523133
E-mail george.nahra@nascodubai.com
Steve Martin
Head of Corporate Communications and Marketing
Qatar Financial Centre Authority
Tel +974 4967755
Mob +974 583 1937
E-mail s.martin@qfc.com.qa
© Press Release 2007
