Qatar University (QU) and Qatar National Bank (QNB) have signed a Memorandum of Understanding (MoU) to cement the relationship between the two institutions in the fields of education, scientific research, and community development. The MoU comes into effect immediately.

The MoU aims to improve and enhance the knowledge for the university’s students in the fields of education, scientific research, executive training, social development as well as business management, IT, and public policies.

QU’s President Dr. Hasan Rashid Al-Derham and QNB’s CEO Mr. Ali Rashid Al-Mohannadi signed the MoU at Qatar University higher administration building. The first in a series of joint initiatives between QU and QNB is a research project on the local banking sector, including a detailed analysis of market trends and the impact of national and international regulations. Other initiatives under the MOU at Qatar University supports QNB’s program are in education and raising awareness in their banking sector, sponsorship of student activities and competition, and the possibility of forming working committees and joint teams and offering consultation in the engineering fields that fall within the scope of this memorandum. Eventually, the memorandum paves the way for the prospect of supporting conferences in the field of computing and smart things, in which researchers from all over the world are invited to present their latest findings in the field of cybersecurity, the Internet of things, the use of technology in the financial and administrative sectors, and more.

Dr. Al-Derham said: “The MoU highlights QU’s continuous efforts to provide solutions to local challenges, in line with national priorities towards a knowledge-based economy”. “It will also serve to facilitate knowledge and technology transfer and provide consultancy and research services, which will contribute to driving socio-economic development and sustainability in the state of Qatar,” he added.

Mr. Al-Mohannadi said: “Following long years of continuous and fruitful co-operation with Qatar University, Qatar’s primary educational institution, this comes as part of our support to education in all its areas and fields.” “We hope that this MoU provides an opportunity to exchange knowledge and to provide our utmost support to improve this agreement’s goals,” he added.