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The Qatar Financial Centre Authority (QFC Authority) has signed a Memorandum of Understanding (MoU) with Labuan IBFC Inc, to develop long term cooperation and boost economic and financial sector ties between the two financial centres. The MoU, which Mr Yousuf Mohamed Al-Jaida, QFC CEO, and Ms Farah Jaafar-Crossby, Labuan IBFC Inc CEO, signed on 15 April 2021, entails a commitment to collaborate on certain objectives including, but not limited to, marketing, awareness activities and identification of mutually beneficial initiatives. Under the structure of the agreement, QFC and Labuan International Business and Financial Centre (Labuan IBFC) commit to exploring a mutually beneficial framework to allow relevant financial institutions in Qatar to operate in Labuan IBFC and allow relevant financial institutions in Labuan IBFC to operate in the QFC, subject to the approval of all competent authorities. Both financial centres also agree to collaborate on financial sector domains, such as

Yousuf mohamed al jaidaFarah jaafar crossbyFinancial centre labuanQatar financial centreLabuan international businessFinancial centreMiddle eastQatar financialயௌசுப் மொஹாமெட் அல் ஜெய்தாநிதி மையம் ளாபுன்கத்தார் நிதி மையம்ளாபுன் சர்வதேச வணிகநிதி மையம்நடுத்தர கிழக்குகத்தார் நிதி