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Featured in Banking and Investments
North Field Expansion to Give Qatar's Construction Sector A Post-pandemic Boost

Oxford Business Group and AlJaber Engineering team up for new Covid-19 Response Report Doha, January 18, 2021:  A new Covid-19 Response Report (CRR) produced by Oxford Business Group (OBG), in partnership with AlJaber Engineering (JEC), looks in detail at the projects expected to boost construction activity in Qatar as the pandemic eases, led by the major expansion works planned for the North Field. The CRR provides in-depth analysis of the country’s response to Covid-19 in an easy-to-navigate and accessible format, focusing on key data and infographics relating to the socio-economic landscape.  In its coverage, OBG considers the key part that the ambitious North Field project will play in generating construction activity, increasing production of liquefied natural gas (LNG) and boosting the recovery from the ......read more

QIB posts profit of QAR 3,065 Million in 2020 Board proposed to distribute 40% cash dividends to Shareholders Total Assets grew by 6.6% to reach QAR 174.4 Billion

Doha, Qatar 18 January, 2021:  His Excellency, Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani, Chairman of Qatar Islamic Bank (QIB) has announced that QIB has achieved net profit attributable to shareholders of QAR 3,065 Million for the fiscal year 2020 compared to QAR 3,055 Million for the year 2019, despite the impact of Covid-19 and the decline in oil prices. The Bank maintained the basic earnings per share at QAR 1.21.  QIB Board of Directors proposed a dividend distribution to shareholders of QAR 0.40 per share i.e. 40% of the nominal share value, subject to approval of Qatar Central Bank and QIB’s General Assembly. Total Assets of the Bank has increased by 6.6% compared to 2019 and now stands at QAR 174.4 Billion driven by a growth in the core banking activities. Financing activities registered a ......read more

Ogilvy Names James Kinney as Global Chief Diversity, Equity & Inclusion Officer and Chief People Officer for North America

January 17, 2021:   Ogilvy announced today that James Nicholas Kinney has been appointed Global Chief Diversity, Equity & Inclusion Officer and Chief People Officer for North America.  In North America, James will oversee all aspects of talent management, recruitment, learning & development, and wellbeing working with Jag Dhanji, who was recently appointed Global Chief People Officer, and Devika Bulchandani, who is joining the company as CEO of Ogilvy North America.  As Global Chief Diversity, Equity & Inclusion Officer he will partner with leaders across the company’s global network to develop and evolve practices, policies, and programs to ensure Ogilvy has a strong culture of belonging — one that fosters an open environment for everyone to thrive and be their authentic selves. Kinney ......read more

S&P Global Reassigns Rating of ‘A- with Stable Outook' for QLM Life and Medical Insurance Company QPSC

Qatar - January 17, 2021:   Subsequent to the successful listing of QLM’s stock at the Qatar stock exchange  followed by withdrawal of parental guarantee by QIC, S&P Global Ratings has reassigned its ‘A negative’ issuer credit and financial strength ratings on QLM Life and Medical Insurance Company QPSC with the outlook stable. The current rating is based on stand-alone strength of QLM’s own strong market position as a leading life and health insurance company and its good performance track record coupled with excellent capital adequacy. Fahad Mohamed Al Suwaidi, Chief executive officer of QLM, stated: ‘We are encouraged by S&P’s assertion of our strong financial strength and dominant market position which has been well reflected in the rating “A- with stable ......read more

World Gold Council ETF 2020 Report and Gold Outlook 2021

The World Gold Council has released its Gold Outlook 2021 as well as its ETF Flows report for December (and the full year 2020).   The 2021 Outlook envisages another well supported year for gold investment (after finishing 2020 up 24%), while consumption should benefit from the nascent economic recovery, especially in emerging markets.    The report includes analysis based on the WGC's gold valuation tool Qaurum which suggests gold's performance may be boosted further by the prolonged low interest rate environment which all but removes the opportunity cost of investing in gold.  Pulling from his work on World Gold Council’s newly released 2021 Gold Outlook, Krishan Gopaul, Market Intelligence Manager, World Gold Council, is available to discuss the following key themes for gold in ......read more

Dukhan Bank Announces the Grand Prize Winner (QAR 1 million) of Thara'a Savings Account

Doha, Qatar – January 14, 2021 – Dukhan Bank has announced Ameera Al-Saadi as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce & Industry. Thara’a, Dukhan Bank’s Shari’ah compliant savings account and the first in Qatar’s Islamic banking sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totalling 3,300,000 Qatari Riyals, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of 10,000 Qatari ......read more

Qatar FinTech Hub Hosts First Demo Day for the Incubator and Accelerator Programs

Innovative and Globally Leading FinTechs to Showcase their Products on 18 January  Dukhan Bank announced as Demo Day Sponsor The Qatar Fintech Hub Programs are backed by Qatar’s financial ecosystem and developed by Qatar Development Bank in collaboration with a host of esteemed partners and stakeholders Doha, Qatar – 13 January 2021: Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) and established to support the growth of the FinTech industry in Qatar, has announced that Demo Day for Wave 1 of its flagship Incubator and Accelerator Programs will take place virtually on 18 January 2021. The QFTH Demo Day, which is sponsored by Dukhan Bank, will be one of the biggest FinTech events in the region hosting key players from the local financial services ecosystem, as well as investors, global ......read more

QIB Ranks ‘Third Strongest Islamic Bank in the World' and ‘Eighth Strongest Bank in the Middle East' in The Asian Banker's 2020 Rankings for the 500 Strongest Banks

13 January 2021 - Doha, Qatar: The Asian Banker Magazine has ranked Qatar Islamic Bank (QIB) as the ‘Third Strongest Islamic Bank in the World’ and ‘Eighth Strongest Bank in the Middle East’ in its 2020 Rankings of the 500 Strongest Banks. The Asian Banker’s 500 Strongest Banks Rankings is one the world’s highly credible and widely followed annual rankings of strongest banks based on financial statements. The rankings are based on detailed and transparent scorecards that rank commercial and Islamic banks on six areas of financial performance, including the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity. With the new rankings, QIB marks significant progress from its 2019 rankings, and is now ‘Third Strongest Islamic Bank in the World’ ......read more

Samsung Introduces Latest Innovations for a Better Normal at CES 2021

Samsung enhances the home experience with products like Samsung Bespoke 4-Door Flex,  110-inch MICRO LED, and JetBot 90 AI+. Continuing sustainability efforts, Samsung announces Galaxy Upcycling at Home  and expansion of eco-packaging for TV products in 2021   January 12, 2021:  Samsung Electronics Co., Ltd. shared its vision for the future at the 2021 Consumer Electronics Show (CES). The company introduced new products at its virtual press conference, showing how it’s continuing to innovate by creating solutions that are flexible, intelligently connected, and use AI to understand context to make daily life seamless.        “Our world looks different, and many of you have been faced with a new reality–one where, among other things, your home has taken on ......read more

QIB and Qatar Post to Launch Qatar's First Fully Integrated Postal Delivery Point of Sale

11 January 2021 – Doha, Qatar:  Qatar Islamic Bank (QIB) launches the first fully-integrated postal delivery Point of Sale (PoS), in partnership with Qatar Post and with QPay, the leading Qatar-based FinTech company offering a wide portfolio of electronic payment solutions.   Using the new, state-of-the art PoS device, this new QPay payment solution allows Customers to make cashless payment on delivery when receiving parcels and other mail items: a super convenient and safe method of payment for all Qatar Post customers.  The smart PoS allows Qatar Post’s delivery driver to know precisely the exact Customer details for each delivery, including the total amount to be collected, by simply scanning the item using the QPay devise, which has been fully integrated with Qatar Post back end tracking ......read more

Bedaya holds “Plan Correctly for 2021” Workshop

Doha, Qatar – 11 January 2021:  Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, recently held a workshop on “Plan Correctly for 2021.”  The workshop was conducted in collaboration with educational coach, Mr. Salah Al-Yafei with the purpose of introducing entrepreneurs on the important stages of management and help them reach their personal or entrepreneurial goals. The aim of the workshop was to provide entrepreneurs with planning skills for the year 2021 through scientific and practical foundations and experiences. During the workshop, coach Salah Al-Yafei talked on four topics for proper planning.  The first session contained an analysis of the current reality, or the so-called boundaries of the state ......read more

QIB Named Best Islamic Bank in Qatar for the Fourth Consecutive Year by EMEA's Middle East Banking Awards

QIB has succeeded to maintain positive financial performance levels despite the challenges and the impact of the pandemic on the global economy 9 January 2021 – Doha, Qatar: For the fourth consecutive year, Qatar Islamic Bank (QIB), the largest private Bank in Qatar, has been named the “Best Islamic Bank in Qatar” in the 13th edition of the Middle East Banking Awards, presented by EMEA Finance, the leading finance magazine in Europe, Middle East, and Africa. The prestigious award marks QIB’s strong financial performance and the successful implementation of its business strategy. This recognition comes following QIB’s success in maintaining its longstanding position as the leading Islamic Bank in Qatar, through introducing a set of market first innovative products, and a rapid acceleration of digital ......read more

Masraf Al Rayan and Al Khaliji Have Entered Into a Merger Agreement to Create a Leading Shari'ah-compliant Regional Bank

Qatar -  January 09, 2021:       • Larger and stronger bank with a robust financial position and liquidity • Well-diversified business and customer portfolio with a distinctive product offering • Stronger base to finance development initiatives in line with Qatar Vision 2030 • Combined entity underpinned by strong government support and ownership  • Superior shareholder value creation through realization of synergy potential • Masraf Al Rayan’s legal entity to be retained by combined group   In a joint press release issued today, and following the announcement on 30 June 2020 of a potential merger (the “Merger”), Masraf Al Rayan (“Al Rayan”) and Al Khalij Commercial Bank (“Al Khaliji”) have announced ......read more

Cisco Reveals the Top 6 Tech Trends for 2021 and Beyond

From a greater adoption of sensors to a password-less future and closing the digital divide, 2021 will accelerate technologies that allow for more agility, resilience, and innovation 06  January 2021:  Cisco has revealed the top tech trends for 2021 and beyond with technologies that enable businesses to be more agile, resilient, and better prepared for unexpected challenges coming to the fore. In 2020, the arrival of future digital transformation occurred far faster than expected and research from Cisco expects this trend to continue during 2021. “As the pandemic unfolded, we worked with our customers to move from business continuity to business agility. We also helped to deliver and scale innovative application experiences faster than ever before. With those changes in mind, we see six key trends defining the near ......read more

QIB's Financial Literacy Program ‘How Money Works?' Reached Over 500 Students in the 1st Semester of the 2020/2021 Academic Year

The innovative financial literacy program will return in the spring to further share best practices related to money management with secondary school and first year university students across Qatar  January 06 2021:  – Doha, Qatar:  Qatar Islamic Bank (QIB), the largest private bank in Qatar, is pleased to announce the successful conclusion of its Financial Literacy Program ‘How Money works?’ for the first semester of the 2020/2021 academic year. Developed by QIB in collaboration with INJAZ Qatar, the program graduated 515 secondary school and universities students from more than 70 institutions in Qatar. This semester, the program was held in three sessions with record attendance seen across the program. The number of students who benefitted from the program since launched in 2018 has reached over ......read more

QLM Listing on Qatar Stock Exchange to take Place in January

Doha, 5 January 2021:  QLM Life & Medical Insurance Company QPSC (“QLM”), the leading life and medical insurance company in Qatar, provides an update following the successful subscription period and constitutive general assembly. QLM is awaiting the required regulatory approvals for the admission to trade on the Qatar Exchange. The first day of trading of QLM shares is expected to be in January and QLM will provide an update on the precise date as soon as regulatory approvals are obtained and the date is confirmed.

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Al-khaliji Board of Directors Will Meet on 27/01/2021 to Approve and Disclose Year-end 2020 Financial Results

Doha- Qatar, January 3, 2021:  Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 27 January 2021 to approve and disclose year-end 2020 results. 

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QLM Life & Medical Insurance Company QPSC

Qatar -  December 31, 2020:     Constitutive General Assembly   Agenda items   1- Hear and approve the Constitutional Committee’s report on the incorporation activities and related cost.  2- Approve the Company’s Article of Association. 3- Approve the appointment of the members of the company’s first Board of Directors. 4- Approve the appointment of the auditors for the first Financial Year and determine their Fees. 5- Announcement of the incorporation of the company.   The constitutive general assembly of QLM Life & Medical Insurance Company QPSC  was successfully concluded by a formal announcement of the incorporation of the converted company.  Thereafter, the first board meeting of the company was held in the presence of His ......read more

Al Khaliji Donates to Qatar Autism Society

Doha, Qatar, 21 December 2020:   Al Khalij Commercial Bank (al Khaliji) P.Q.S.C., Qatar’s next generation bank, has proudly donated to the Qatar Autism Society (QAS) in support of its mission to aid and spread awareness about persons affected by autism. Commenting on the donation, Mr. Fahad Al Khalifa, Group Chief Executive Officer, at al khaliji, stated: “We proudly support the Qatar Autism Society as part of our commitment for the wider social, physical and mental wellbeing of the Qatari society. The QAS has been instrumental in supporting individuals affected by autism and their families in addressing their specific needs and developing their full potential. Their work continues to make a difference for many, empowering them to live a life that is fulfilling. In this respect, QAS and al khaliji share a ......read more

Qatar FinTech Hub Announces Wave 2 of its Incubator and Accelerator Programs

Following the great traction of Wave 1 of the Fintech Incubator and Accelerator Programs, Qatar FinTech Hub will open applications for Wave 2 in December 2020 The Qatar Fintech Hub Programs are backed by Qatar’s financial ecosystem and developed by Qatar Development Bank in collaboration with a host of partners and stakeholders Doha, Qatar – 16 December 2020: Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) and established to support the growth of the FinTech industry in Qatar, has announced that registration for Wave 2 of its flagship Incubator and Accelerator Programs is now open. Both Programs are set to start in March and will run until June 2021. Catering to both local and global FinTech entrepreneurs and startups who are looking for a launchpad and a hub in the Middle East to ......read more

QIB Grants 18,000 Absher Rewards Points to Commemorate Qatar National Day

14 December 2020 - Doha, Qatar: Qatar Islamic Bank (QIB), the largest private Bank in Qatar, is celebrating Qatar National Day by rewarding customers with 18,000 Absher rewards points for opening a new deposit or a new MISK savings account. Running from 13th to 30th December 2020, over 18 days, all customers will be rewarded 18,000 Absher Rewards Points when they open a new Misk account with a minimum balance of QR 10,000, or open a Fixed Deposit, a Certificate of Deposit or an Absolute Mudaraba for a minimum of QR 100,000 for at least six months.    The Absher Rewards Program is a comprehensive rewards program that allows QIB customers to earn points when transferring their salaries for the first time, open fixed deposit accounts, use their QIB Debit and Credit cards, international remittance and registration for QIB ......read more

Qatar Sportstech Concludes the Third Cohort of Its Accelerator Program

10 innovative startups specializing in the sportstech industry from 6 countries were accelerated as part of QST’s award-winning Accelerator Program Doha, 12 December 2020:  Qatar SportsTech (QST), a leading startup accelerator and hub for innovative sportstech companies, has announced the completion of the third cohort of its Accelerator Program.  QST’s intensive three-month Accelerator Program supported 10 innovative startups in accelerating their growth to further develop their solutions in the industry, in line with QST’s vision to be a catalyst for reshaping sports technology in the region and beyond.  The selected startups had the opportunity to engage in specialized workshops hosted by international experts; one-on-one mentoring sessions with more than 100 industry specialists as well as ......read more

GAC Qatar gets Faster with Authorised Economic Operator (AEO) Certification

First logistics AEO-certified company in Qatar   Doha, Qatar, 7 December 2020 –  GAC Qatar can now offer some customers even faster customs clearance of their shipments, thanks to Qatar customs certifying the company as an Authorised Economic Operator (AEO). It is the only logistics company in the State to be awarded this certification in the Import and Export category. GAC’s AEO status was awarded after a stringent audit by Qatar customs of the company’s processes, procedures, systems, customs track record, financial health and safety and security measures. GAC Qatar and its customers can now enjoy a host of benefits including priority clearances, simplified customs procedures and inspections, and having a dedicated Account Official to address any issues faced throughout the Import and Export ......read more

QLM Life & Medical Insurance Company QPSC announces its QAR 659,400,000 IPO on the Qatar Stock Exchange

• IPO of Qatar's leading provider of life and medical insurance  • 60% of QLM’s shares, equivalent to 210,000,000 shares, are being offered at an Offer Price of QAR 3.15 per Offer Share, making the total size of the Offering QAR 659,400,000, excluding the offering costs of QAR 0.01 per share • QLM's implied total market capitalization at IPO is QAR 1,099,000,000 • Offering Price of QAR 3.15, resulting from the division of QLM’s market capitalization at IPO by the number of QLM’s post-conversion shares (350,000,000 shares)  • The Offering Price consists of the nominal value per share of QAR 1.00, a premium of QAR 2.14 and Offering and Listing Fee of QAR 0.01 per Offer Share  • Continued commitment and support by the selling shareholder QIC, who will ......read more

Alumna Awarded CMU-Q's First Grant for Post-doctoral Research

QNRF Post-Doctoral Research Award project will explore using edge resources to enable deep learning for mobile health applications    Qatar -  December 05, 2020:   Carnegie Mellon University in Qatar (CMU-Q), a Qatar Foundation partner university, received its first Post-Doctoral Research Award (PDRA) from Qatar National Research Fund (QNRF) for a project led by Hend Gedawy, with Khaled Harras as mentor. The project, which will harness edge resources for deep learning, could have profound implications in the area of mobile health applications and data privacy.  The PDRA program is an initiative of QNRF to build human capability in research. The awards aim to encourage national and home-grown recent Ph.D. graduates to pursue careers in research, particularly in areas that will contribute to ......read more

Other Top Stories from Banking and Investments
 
QIB Crowned Bank of the Year by Financial Times', The Banker Magazine…

3 December 2020 - Doha, Qatar: Qatar Islamic Bank (QIB), the largest private bank in Qatar, has been recognized for the second time as the “Bank of The Year – Qatar” by Financial Times’ - The Banker magazine – the World’s longest running international banking title, as part of their Bank of the Year Awards 2020. This exceptional accolade is in recognition of ......read more

S&P Reaffirms QIB's Rating at ‘A-/A-2' with Stable Outlook…

28 November 2020 - Doha, Qatar: S&P Global Ratings (S&P) has reaffirmed Qatar Islamic Bank’s (QIB) Issuer Credit Rating at ‘A-/A-2’ with Stable Outlook. S&P said that its ratings on QIB reflect the global rating agency’s view of QIB’s robust corporate banking franchise, the bank’s favorable position as Qatar's largest Islamic bank, and ......read more

Investment Opportunities and Residential Units Open for Qatari and Foreign Investors in The Seef, ...…

• Freehold ownership, residency and leasing opportunities are open for Qatari and foreign investors. • The Seef is a high-profile district under Lusail’s master plan, offers 600,000 square meters of development for mixed-use commercial purposes, stretching along the pristine 2.3-kilometer waterfront promenade.   Doha, Qatar November 28, 2020:  Lusail’s ......read more

Eng. Ahmad Abdulla AL-Muslemani appointed CEO for MEEZA…

Doha, Qatar – November 25, 2020:   In line with its strategy for scaling its operations and business across the Qatari market and beyond, the MEEZA Board of Directors has announced the appointment of Eng. Ahmad Abdulla AL-Muslemani as its new Chief Executive Officer (CEO). With over 14 years of professional experience in the IT and telecom industry and previously as the ......read more

QIB Introduces Direct Remit Service to India through QIB Mobile App…

The new service allows customers to transfer money to bank accounts in India in seconds   24 November 2020, Doha, Qatar:  As part of its ongoing efforts to offer the most convenient and fast banking services to all its customers, Qatar Islamic Bank (QIB) is pleased to announce the launch of a new Direct Remit service to India, enabling its customers to make transfers to bank ......read more

Heading: QIC Ranked for the Third year in a Row as Top Investment House from the MENA Region…

Doha 24, November 2020:  Qatar Insurance Company, the leading insurer in the Middle East and North Africa region has been ranked as the “Top Investment House” by The Asset magazine for the third year in a row. The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) based on the number of votes won by their ......read more

QIB Received 3 Prestigious Awards at The Digital Banker's Global Retail Banking Innovation Awards ...…

Best Digital Bank of the Year in Qatar Best Retail Bank of the Year in Qatar Best Client Onboarding and Account Opening in the Middle East 23 November 2020 – Doha, Qatar: Qatar Islamic Bank’s (QIB), the largest private bank in Qatar, is pleased to announce its recognition with 3 prestigious awards at The Global Retail Banking Innovation Awards 2020 by The Digital Banker ......read more

Devika Bulchandani Named CEO of Ogilvy North America & Global Chairwoman of Advertising…

November 22, 2020 — Ogilvy announced today that Devika Bulchandani has been appointed Chief Executive Officer of Ogilvy North America and Global Chairwoman of Advertising. Devika will be responsible for driving all aspects of Ogilvy’s core business across the United States and Canada which spans Advertising, Brand & Content, Public Relations & Influence, Experience, Growth ......read more

Dukhan Bank Announces the October Draw Winners Of Its Thara'a Savings Account Prize…

Doha, Qatar – November 22, 2020 – Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Saad Al-Kuwari and Maher Rouhdu each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was ......read more

QIB Announces 3rd MISK Account Millionaire…

The 4th edition of the MISK Account starts on 26 November 2020 and promises even more weekly and monthly cash prizes worth QR 10 Million for 805 Lucky Winners 21 November 2020 – Doha, Qatar:  Qatar Islamic Bank (QIB), the largest private bank in Qatar, is pleased to announce the lucky winner of a QAR 1,000,000 cash prize, the grand prize of the 3rd edition of the highly anticipated ......read more

QIB Improves Customer Experience with Enhanced Card-Related Features on its Award-Winning Mobile App…

18 November 2020, Doha, Qatar: Qatar Islamic Bank (QIB), the largest private Bank in Qatar, is pleased to announce the introduction of new features to its Mobile App, further empowering its customers to instantly manage and control their credit and charge cards through the app and fulfill their daily banking needs remotely. Developed with customers’ banking needs in mind, the QIB Mobile ......read more

QIC Group Appoints New CEO for Oman Qatar Insurance Company to Drive Forward Strategic Developments…

Doha - 18 Nov 2020:  Qatar Insurance Group, the flagship insurer in Qatar and the MENA region has recently announced the appointment of Mr. Hasan Al-Lawati as the new CEO for its subsidiary Oman Qatar Insurance Company (OQIC). Mr. Lawati will focus on driving forward the strategic goals of OQIC and will facilitate its further growth and development in the Sultanate of ......read more

Fitch and Moody's Affirm Al Khaliji's Ratings…

• Fitch Ratings’ affirmed the Long-Term Issuer Default Rating (IDR) at 'A' with a ‘Stable’ Outlook  • Moody’s affirmed A3/Prime-2 deposit ratings with a ‘Stable’ Outlook   Doha, 10 November 2020:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announces that rating agencies Fitch and Moody’s have affirmed the ......read more

Global Finance Recognizes QIB's Outstanding Crisis Leadership during COVID-19…

The leading financial magazine has selected QIB as one of the world’s best financial and business institutions to respond to the pandemic-related challenges on customers, employees, and the community 4 November 2020 – Doha, Qatar: Qatar Islamic Bank (QIB) is pleased to announce its award as one of the world’s top financial and business institutions to weather the COVID-19 ......read more

Fitch Affirms QIB's 'A' Rating with Stable Outlook…

3 November 2020, Doha, Qatar: Fitch Ratings has affirmed Qatar Islamic Bank (QIB)’s Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook. Fitch has also reaffirmed QIB's Viability Rating (VR) at 'bbb'. Fitch Ratings said in its Rating Action Commentary that: “QIB's VR reflects the bank's strong company profile, which is underpinned by its ......read more

Conducted Over Five Days via ZOOM Communications Platform…

Bedaya hosts Educational workshops on basic concepts in the field of entrepreneurship  Doha, Qatar – 3, November 2020: Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, recently held a series of educational and informative workshops. These workshops are part of the Foundation Program ......read more

Global Finance Ranks QIB in Its Top 10 Safest Banks in the Middle East…

QIB ranked Safest Islamic Bank in Qatar for the fourth consecutive year    28, October 2020 - Doha, Qatar:  New York based Global Finance Magazine has named Qatar Islamic Bank (QIB) as one of the top 10 safest banks in the Middle East, for the first time this year, 3rd Safest Islamic Bank in GCC and 2nd Safest Bank in Qatar as part of Global Finance’s annual rankings of ......read more

QIC Group Grows Its Premiums by 4% to Qar 10.2 Billion for 9m 2020 Despite Adverse Lockdown ...…

Doha, 27 October 2020:  Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region announced its financial results for the first nine months of 2020. Following a meeting presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman and Managing Director, QIC’s Board of Directors approved the Group’s 9M 2020 financial ......read more

QIB Empowers Customers to Update their Personal Information Straight Through The Mobile App…

25 October 2020, Doha, Qatar: Qatar Islamic Bank (QIB), the largest private bank in Qatar, is pleased to announce the introduction of new features to its award-winning Mobile App, in line with the bank’s ongoing efforts to provide customers with faster and much easier experiences in fulfilling all their banking needs remotely. With the latest release, QIB Mobile App registered customers ......read more

QIB Successfully Closed a USD 750 Million 5-year Sukuk…

Qatar,  October 21, 2020:  Qatar Islamic Bank Q.P.S.C. (“QIB”), rated A1/A-/A (all stable) by Moody's/Standard & Poor’s/Fitch, successfully closed a USD 750 million 5-year Sukuk with a profit rate of 1.95% per annum, which is equivalent to a credit spread of 155bps over the 5-year Mid Swap Rate. The transaction was executed under QIB’s USD 4bn Trust ......read more

Al Khaliji Bank Launches Contactless Services Across its POS Machines…

Doha, Qatar, 20 October 2020 – Al Khalij Commercial Bank (al Khaliji) P.Q.S.C. Qatar’s pioneering next generation bank, has launched contactless services across its Point of Sale (POS) machines. The bank’s state-of-the-art Ingenico POS machines have been upgraded to accept contactless debit and credit cards, as a faster and safer way for conducting transactions. ......read more

QIC is the Official Insurance Sponsor of S'hail – Katara International Hunting & Falcons Exhibition…

Doha, 18 October 2020:  Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of S’hail – Katara International Hunting & Falcons Exhibition. Slated to commence from 20 October until 24 October at the Cultural Village Foundation in Katara, S’hail is regarded as the largest international exhibitions that specializes ......read more

The Asian Banker Presents QIB Group CEO Top Award for “Best Bank CEO Response to COVID-19 in Qatar” ...…

18 October 2020, Doha, Qatar:  Qatar Islamic Bank (QIB) is pleased to announce the recognition of Mr. Bassel Gamal, QIB’s Group Chief Executive Officer, as the winner of the “Best Bank CEO Response to COVID-19 in Qatar” award by The Asian Banker Leadership Achievement Awards 2020. QIB was also named the “Best Managed Bank during COVID-19 in ......read more

QIB Posts Profit of QAR 2,216.5 Million for the Nine Months' Period Ended 30 September 2020 Total ...…

Qatar - October 15, 2020:  Qatar Islamic Bank (QIB) has announced the results for the nine months’ period ended 30 September 2020. Net Profit attributable to the Shareholders of the Bank amounted to QAR 2,216.5 Million for the nine months’ period ended September 2020 in line with the performance during the same period in 2019.  Total Assets of the Bank now stands at QAR ......read more

Qatar FinTech Hub Incubator and Accelerator Programs Received more than 750 Applications from Over ...…

Qatar FinTech Hub announces 24 FinTechs selected to take part in the first Wave of the Incubator and Accelerator Programs which will run from October until December   Doha, Qatar – 10 October 2020: Qatar FinTech Hub (QFTH), co-founded by Qatar Development Bank (QDB) and established to support the growth of the FinTech industry in Qatar, has announced the final list of successful ......read more

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