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The 34th International Finals for the Global Management Challenge (GMC) competition has recently concluded in Doha, hosted by the Qatar Finance and Business Academy (QFBA), in cooperation with ADNAR Group, from 10 – 12 April.

The final results of the GMC competition showed the National Team of Macau taking the lead, which scored the highest level of investment performance during the International Finals, culminating in its crowning as the ‘GMC winner of the year’.

The awards and gala dinner ceremony was held under the patronage of the Deputy Governor of Qatar’s Central Bank, HE Sheikh Fahad Faisal Al Thani, who handed over the awards to Macau team who came in the first place, the Russian team on the second place, and the People’s Republic of China team on the third place.

The GMC competition was founded in Portugal in 1980, and today has become the biggest strategy and management competition worldwide, embraced by more than 30 countries. The competition arrived to Qatar in 2013.

The GMC International Finals for the year 2016 witnessed strong competition between teams from various countries including Angola, Brazil, Cape Verde, Czech Republic, Estonia, France, Greece, Hong Kong, India, Kenya, Kuwait, Macau, Mexico, Morocco, the People’s Republic of China, Poland, Portugal, Qatar, Russia, Senegal, Slovak Republic, Spain, and the United Arab Emirates.

The Finals took place under conditions that mimic the reality of global economic mobility, giving participants a vision and a profound understanding of the changes in the real market, as well as a direct experience in the process of creating a corporate strategy, contingency planning and a range of financial, operational and administrative decisions.

Randa Haidar, Chairperson of ADNAR Group, the regional organiser, said that their collaboration with QFBA has been a landmark achievement.

Our collaboration with QFBA has been a landmark achievement, as we have successfully concluded the International Finals of the prestigious Global Management Challenge in Doha, which is the first time this competition has been organised in one of the countries in the GCC, the Arab World and the MENA region.’

Dr Abdul Aziz Al Horr, CEO of QFBA, the organising partner said they are very pleased with the results they have achieved.

I warmly congratulate the Macau team, the ‘GMC winner of the year’ and I wish all participants further progress and success.

Dr Al Horr also extended his thanks to Minister of Finance Ali Shareef Al Emadi, and to Sheikh Fahad Bin Faisal Al Thani, Deputy Governor of Qatar Central Bank, for his attendance and sponsorship of the awards and gala dinner ceremony.

For more information on the Global Management Challenge Competition, visit

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