Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
Doha Bank Board of Directors appoints H.E. Sheikh Abdulrahman bin Fahad bin Faisal bin Thani Al Thani as Group Chief Executive Officer

DOHA, QATAR — 1st October 2023)— Doha Bank Board of Directors has announced the appointment of H.E. Sheikh Abdulrahman bin Fahad bin Faisal bin Thani Al Thani as Group Chief Executive Officer, marking a new chapter in the bank's history.  The appointment’s announcement followed the approval of Board of Directors and obtaining of all necessary approvals by Doha Bank from Qatar Central Bank.  H.E. Sheikh Abdulrahman brings a wealth of knowledge to his new role, as he holds over 15 years of experience in the Qatari banking industry during which he dealt with diverse portfolios across retail, corporate banking, as well as international and governmental relations besides holding senior positions at Dukhan Bank and Qatar International Islamic Bank. He holds a Bachelor’s Degree in International ......read more

Vision 2030 Alignment Catalyses Economic Growth and Diversification in Qatar

Oxford Business Group and Qatar Chamber of Commerce and Industry (QCCI) forge strategic partnership for The Report: Qatar 2023 Doha, September 2023 – The Qatar Chamber (QC) and Oxford Business Group (OBG) have formalised a significant partnership through the signing of a Memorandum of Understanding (MoU). This strategic alliance is poised to assume a pivotal role in shedding light on Qatar's economic landscape for 2023, with a strong focus on critical areas including economic diversification, digital strategies, and the ongoing energy transformation. The MoU was signed by Hussain Yousef Al Abdulghani, Director of Administrative and Finance Affairs at the Qatar Chamber and Fernanda Braz, OBG’s Country Director, at the Chamber’s headquarters. QC's overarching strategy closely aligns with the Qatar ......read more

The Countdown is on: 5-weeks to Index Design Qatar and Big 5 Construct Qatar at the DECC

• Held under the patronage of the Prime Minister and Minister of Foreign Affairs, H.E. Sheikh Mohammed Bin Abdulrahman bin Jassim Al Thani, INDEX Design Qatar and Big 5 Construct Qatar will open their doors on 23-25 October 2023 at Doha Exhibition & Convention Center. • Construction, interior design and fit-out markets burgeoning as Qatar’s construction market is forecasted to be valued at US$76 billion by 2027. Furthermore, US$16.4 billion to be invested into infrastructure and real estate projects by 2025 under Qatar National Vision 2030.    25 September 2023, Doha: Highly-anticipated events INDEX Design Qatar and Big 5 Construct Qatar return to showcase Qatar’s booming construction and interior design and fit-out industry, at Doha Exhibition & Convention Center (DECC) from 23rd to 25th ......read more

Msheireb Properties Announces Arrival of New MEEZA Office to Msheireb Downtown Doha

Doha, Qatar 19 Sep 2023 – Msheireb Properties announced the opening of MEEZA’s new office in the world’s first fully built smart and sustainable city district at Msheireb Downtown Doha (MDD). MEEZA  Qatar’s Biggest Data Centre service Provider will be an addition to  MDD’s impressive list of technology tenants. Commenting on the progress, Msheireb Properties CEO Eng. Ali Al Kuwari said, “We are extremely well positioned, as a country and as a company to meet real estate demand that is expected to pick up steadily ahead of the 2030 Asian Games. Our spaces are designed with the person in mind and executed with care for the environment – two considerations that will continue to play a significant role in decision-making. We have already seen that Msheireb Downtown Doha is becoming a hub ......read more

Al Meera Launches Discover America with a Fork and the Road' Campaign across Selected Branches in Partnership with United States Department of Agriculture

• Highlighting US products across Al Meera branches. • A testament to Al Meera’s import strategy to progress, diversify, and enhance the customer experience. • The presence of esteemed guests and officials, including the US Ambassador to Qatar, His Excellency Mr. Timmy Davis, and Al Meera CEO Mr. Yousef Ali Al Obaidan at the launch event.   DOHA, Qatar – September – Al Meera Consumer Goods Company, Qatar’s leading national retail chain, is proud to announce the launch of the ‘Discover America with a Fork and the Road’ campaign across many of  its branches in Qatar. This initiative marks a remarkable collaboration with the United States Department of Agriculture (USDA) and underscores Al Meera's ongoing commitment to providing its valued customers with a diverse ......read more

Dukhan Bank Unveils Home Finance Campaign with Up to QAR 200,000 Cashback for Customers

• Customers can benefit from a low profit rate of 7% • up to QAR 200,000 cashback • and enjoy up to 30 years tenure   Doha, Qatar – 10 September, 2023: Dukhan Bank has launched a new home finance campaign for its valued customers to benefit from a cashback reward of up to QAR 200,000 when they apply for home financing worth QAR 500,000 and above. The campaign, which will run until November 4, 2023, will provide customers the opportunity to avail a low profit rate of 7% per annum. Customers can take advantage of the offer and apply for a minimum finance amount of QAR 500,000 for a payment tenure of 15 years and up to 30 years. The campaign will also provide customers with a grace period of up to 12 months for nationals and 6 months for expatriates. Dukhan Bank provides another unique ......read more

Dukhan Bank Announces the September Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 09 September 2023 – 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 Fayza Al-Haddad and Ahmed Abdulrahman each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Afif Alfaisel, Maryam Al-Mahannadi, Aayat Elsafady, Khalil Abbas Khalil, Randa Elhabash, Muhammad Ahmad, Abdulrahman Fakhroo, Sardar Khan, Maryam Jameea, Syed Ali, Ian Fernandes, Asia Al-Yazeedi, Mohammed Al-Shaikh, Jassim Fakhroo, Turki Al-Subaey, Bashayar Hassan, Anisha Asharuff, Aysheh Alshareea, Ikram Akili, Belal Salehhamran, Basma Al-Ali, Mohamad Althawadi, Al-Johara Al-Hbabi, Rim Mathlouthi, Emad Abdulhameed, Muna Aldoseri, ......read more

Qatar Insurance Group - S'hail 2023

Doha – Qatar  /Wednesday 6 September 2023:  Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the 7th edition of S’hail 2023 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry.  Over the last few years, the event has made its mark in the industry as the leading destination of choice for falconry, hunting, and heritage lovers and became a dedicated platform for displaying the latest types of weapons, hunting rifles, equipment, supplies and equipment for trips, in addition to a huge selection of rare falcons highly skilled in hunting.  Commenting on the ......read more

Confidence at Every Turn! QIC Rolls Out New Awareness Campaign

A content-based campaign to promote a confident return to the normal everyday life Content includes videos, podcasts, blog posts, handy guides, quizzes and much more from now until 1 October 2023 Content creators are invited to share their own inspiring content and get a chance to be featured on QIC’s channels Doha, Qatar – 5 September 2023: Qatar Insurance Company (QIC), the leading insurance company in Qatar and the MENA region, has launched its latest awareness campaign labeled “Confidence at Every Turn” and designed to inspire and boost self-assurance among the community in Qatar. Rolled out in conjunction with the new season kicking off and people going back to their homes, schools or offices, “Confidence at Every Turn” is a content-based awareness campaign through which QIC promotes a ......read more

Dukhan Bank Announces Five Winners to Receive 100,000 DAwards each in 2nd Draw of Credit Card Spend Campaign

Doha, Qatar – 2 September 2023: Dukhan Bank has announced the names of the winners in the second draw of its Credit Card Spend Campaign for customers to have a chance to win from a total 2,000,000 DAwards as part of the bank’s efforts give back to its loyal customers. The lucky winners were announced at the Bank’s headquarters under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. Dukhan Bank’s five customers who won 100,000 DAwards each are: Bayder Yousuf Kafoud, Marlon Laforteza, Husam Mohamed Khalil, Sheikha Alanoud Abdulrahman Al-Thani, and Salwa Ismail Al-Amadi.  During the campaign, which will run for three months from June 25 to September 25, 2023, Dukhan Bank Visa and Mastercard credit cards holders will ......read more

September 1st Is the Last Day for Depositing to Enter Al Dirwaza Account October Monthly Draw

Kuwait, 27 August 2023: Kuwait International Bank (KIB) announced that September 1st is the last date to open or deposit in Al Dirwaza account to enter the October monthly draw for a chance to win prizes of KD 20,000 for 11 winners. Accordingly, the Bank is reminding its current and potential customers to open or deposit more in Al Dirwaza account to increase their chances in October’s Draw that will take place in the presence of representatives from the Ministry of Commerce and Industry, as well as representatives from KIB. Ali AlSane, Manager - Product Development, Digital Transformation & Innovation at KIB, said: “We encourage everyone to take advantage of this opportunity to open or deposit more in Al Dirwaza account to increase their chances in October’s Draw. Each KD 1 completed a full month’s cycle ......read more

Qatar Sports Investments (QSI) and Damm reach historic agreement for acquisition of World Padel Tour (WPT) by QSI

Qatar Sports Investments (QSI) and Damm reach historic agreement for acquisition of  World Padel Tour (WPT) by QSI, with Premier Padel and WPT to be unified under governance of  International Padel Federation Thursday 24 August 2023 – Doha – Qatar Sports Investments (QSI), one of the world’s leading sports investment companies - and together with the International Padel Federation (FIP) and the Professional Padel Association the founder of Premier Padel - and Damm, the owner of Setpoint Events which organises the World Padel Tour (WPT), have reached an historic agreement for the acquisition of WPT by QSI.  Following this agreement, Premier Padel and WPT will subsequently be unified as a single global professional padel tour – called Premier Padel – governed by the International Padel ......read more

Burgan Bank Issues Visa x-change Prepaid Card

With a new suite of exclusive features and benefits    Kuwait, 19 August 2023: Burgan Bank has issued its new x-change prepaid card from Visa, presented with an array of exclusive features and benefits. This comes as part of Burgan’s expansive efforts to offer its customers a distinctive banking experience that responds to their changing needs and growing aspirations.  The Burgan Visa x-change card, which is accepted locally and globally, allows its holders to load the prepaid card with the amount of their choice in USD, EUR, or GBP, locking the exchange rate for the loaded amount as announced on the day of card loading. In a market where global e-commerce is available at users’ fingertips and overseas travel is commonplace, the Visa x-change card is a unique payment solution for avid travelers and ......read more

Ooredoo Accelerates Digital Transformation and Upgrades Customer Experience, Partners with Tech Mahindra and Google Cloud

Ooredoo Group IT operations across six markets to be modernised with digital approach to enhance performance and drive value   Qatar, 16 August 2023:   Ooredoo Group, leading ICT provider and techco, has announced new partnerships with Tech Mahindra - a leading provider of digital transformation, consulting and business re-engineering services and solutions - and Google Cloud technologies – global tech giant - that will see the company accelerate its digital transformation journey in six operating companies across its global footprint. Powered by Google Cloud’s API Management Platform (Apigee), with Tech Mahindra as implementation partner, Ooredoo’s IT operations will be modernised by deploying a digital platform-based approach, which will greatly enhance performance and the digital offering, ......read more

QIC Group Six-month Net Profit Jumps 181% to QAR 325M'

Highlights in H1 2023 • QIC Group consolidated net profits surge by 181% of QAR 325M. • Gross written premiums of QAR 5.5Bn.  • QIC’s domestic and MENA operations gross written premiums grew by 14% in H1 2023. • Insurance service results of QAR 552M in H1 2023, compared to QAR 32M in H1 2022. • Net investment results of QAR 460M during H1 2023, compared to QAR 475M in H1 2022.   Doha, 15 August 2023- Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported Net Profits of QAR 325M for the first half of 2023, rising 181% from the same period in 2022. Following a meeting of the Board of Directors yesterday, which was presided by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, ......read more

QIC Group Six-Month Net Profit Jumps 181% to QAR 325M

Highlights in H1 2023 • QIC Group consolidated net profits surge by 181% of QAR 325M. • Gross written premiums of QAR 5.5Bn.  • QIC’s domestic and MENA operations gross written premiums grew by 14% in H1 2023. • Insurance service results of QAR 552M in H1 2023, compared to QAR 32M in H1 2022. • Net investment results of QAR 460M during H1 2023, compared to QAR 475M in H1 2022.   Doha, 15 August 2023- Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported Net Profits of QAR 325M for the first half of 2023, rising 181% from the same period in 2022. Following a meeting of the Board of Directors yesterday, which was presided by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, ......read more

Dukhan Bank Announces the August Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 12 August 2023 – 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 Jaber Alkuwari and Racquel Ramos each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Tazin Chowdhury, Maliha Hashem, Ahmad Al-Kuwari, Ebrahim Al-Tamimi, Tamim Al-Subaie, Sheikha Wadha Al-Thani, Najah Alqahtani, Abdulwahab Alrashidi, Shahd Jaouni, Rana Salman, Ahmed Badawi, Muhammad Siddique, Hamad Alsaadi, Kamaluddin Kaldane, Alhanouf Alotaibi, Yousif Fatemi, Munira Al-Mesned, Aldana Al-Saad, Hassan Al-Mohammadi, Mohammed Talha, Mohamed Al-Kubaisi, Yousuf Al-Mannai, Ashraf Kandil, Ghada Salem, Mohammed Abdul Malek, Khalid ......read more

Parsons Wins $52M Public Works Authority Contract In Qatar

Doha, Qatar (Aug 8, 2023) – Parsons Corporation (NYSE: PSN) announced today that the company has been selected to deliver design engineering consultancy services to Qatar’s Public Works Authority, more commonly known as Ashghal, for a new road and infrastructure framework. The $52 million, six-year contract includes conceptual, preliminary, and detailed design for roads and infrastructure projects within Doha city. “We are honored to be working with Ashghal on transforming such a key part of Doha’s critical infrastructure in line with the country’s national strategy,” said Pierre Santoni, President, Parsons MEA. “Frameworks like this will help improve access and decrease congestion – thereby decreasing transportation costs. We are proud to work on this important project.” With a ......read more

Dukhan Bank Announces Five Winners to Receive 100,000 DAwards each in 1st Draw of Credit Card Spend Campaign

Doha, Qatar - 5 August 2023: Dukhan Bank has announced the names of the winners in the first draw of its Credit Card Spend Campaign for customers to have a chance to win from a total 2,000,000 DAwards as part of the bank’s efforts give back to its loyal customers. The lucky winners were announced at the Bank’s headquarters under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. Dukhan Bank’s five customers who won 100,000 DAwards each are: Ahmad Anwar, Noora Alhamadi, Jassim Al-Obaidli, Venkata Kumar Pilli and Mohammed Aref Wehbe.  During the campaign, which will run for three months from June 25 to September 25, 2023, Dukhan Bank Visa and Mastercard credit cards holders will have the chance to win up to 1,000,000 ......read more

Ooredoo Group Appoints a New CEO for Ooredoo Algeria

Doha, Qatar, 1 August 2023: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker ORDS – has announced the appointment of Roni Tohme as the new Chief Executive Officer of Ooredoo Algeria, effective 1 August 2023, after a successful interim period as the company’s Acting CEO.    Roni brings over 21 years of experience in telecoms and finance to his new role, having previously served as Ooredoo Algeria’s Chief Financial Officer (CFO). During his tenure as CFO, he played a vital role in shaping an agile and lean finance department, highly contributing to the company’s business transformation. He has also successfully implemented cost efficiency programmes that significantly improved profitability.   He was appointed as Ooredoo Algeria’s Acting CEO - succeeding Bassam Al Ibrahim – in ......read more

The First Investor, the Leading Investment Banking and Asset Management Subsidiary of Dukhan Bank, Appoints Haithem Katerji as Chief Executive Officer

The First Investor (TFI), a subsidiary of Dukhan Bank and one of the leading investment banking and asset management companies in Qatar, announce the appointment of Mr. Haithem Katerji as its new Chief Executive Officer (CEO). Mr. Katerji brings a wealth of experience and expertise to this Leadership role, and his appointment marks an exciting new chapter for The First Investor. With an impressive track record in the financial sector, Mr. Haithem Katerji joins The First Investor with a remarkable career spanning over 25 years with reputable financial institutions, such as HSBC Bank Middle, Standard Charter Bank and Al Rayan Investment. He is highly regarded for his strategic vision, extensive knowledge of the market, and ability to drive growth and profitability. His unique leadership style and proven ability to build strong ......read more

MEEZA Eecords 42% Increase in Revenue and 18% Increase in Net Profit in First hHlf of 2023

Doha, Qatar, 29 July 2023: MEEZA QSTP LLC (Public) (“MEEZA” & “the Company”) announced its financial results for the half year ended 30 June 2023, ahead of its imminent listing on the Qatar Stock Exchange. QAR million H1 2023 H1 2022 % change 2022 2023 ......read more

GWC Declares 9% Growth in 1st Half 23' Revenues Despite Headwinds

25 July 2023 / Doha: Gulf Warehousing Company Q.P.S.C. (GWC) announced the results for the first half of 2023, realizing a total 9% Revenues’ growth YoY at QAR 786 million, making a growth of 14% in Gross Profits at QAR 235 million, and a net profit of QAR 115 million. Earnings per share at QAR 0.196 during the same period ending on 30 June 2023. This accomplishment is realized despite the global financial and economic headwinds caused by the surge in lending and borrowing Profit rates and the slowdown in trade. “The first half of 2023 was full of achievements, as we continue to focus was on growing the company’s business, diversifying sources of income, and building long-term relationships, along with human capital development. As we enter the second half of 2023 and getting closer to the go-live of second Phase ......read more

Ooredoo, Zain and TASC Towers Holding Enter Exclusive Negotiations to Create an Independent Tower Company Comprising up to 30,000 Towers

Independent operating model will enhance shareholder value, and enhance the operational and carbon efficiency of passive tower infrastructure supporting the reduction of MENA’s carbon footprint   Doha, Qatar; Kuwait City, Kuwait; Dubai, UAE; 25 July 2023:    Ooredoo Q.P.S.C. (“Ooredoo”) - Ticker: ORDS announced that Ooredoo Group has entered exclusive negotiations with Mobile Telecommunications Company K.S.C.P. (Zain Group) and UAE based TASC Towers Holding to combine their approximately 30,000 telecommunication tower assets in Qatar, Kuwait, Algeria, Tunisia, Iraq and Jordan into a jointly owned independent tower company in a cash and share deal.     This new partnership will form the largest tower company in the MENA region. The enlarged tower company will continue to operate as an ......read more

Ooredoo Group: Trailblazing Female Leader Wins Gold at International Stevie Awards for Women in Business 2022

Group Chief Human Resources Officer Fatima Sultan Al Kuwari Named ‘Female Executive of the Year – Business Products – More than 2,500 Employees’    Ooredoo Group is pleased to announce the recognition of its Chief Human Resources Officer, Fatima Sultan Al Kuwari, as ‘Female Executive of the Year – Business Products – More Than 2,500 Employees’ at the recent International Stevie Awards for Women in Business 2022.     The Stevie Awards for Women in Business are the world's premier business awards for female entrepreneurs, executives, employees and the organisations they run. Ms. Al Kuwari’s award recognises her positive and sustainable impact on Ooredoo; her effective and inspirational leadership; her outstanding achievements; and her success as a role ......read more

Dukhan Bank Posts a Net Profit of QAR 761 Million for the Six-month Period Ended 30 June 2023, 2% Growth

Doha, Qatar – 16 July 2023: Dukhan Bank (“the Bank” or “the Group” when referred along with its subsidiaries; QSE Ticker: DUBK), announced its financial results for the six-month period ended 30 June 2023, with a net profit amounting to QAR 761 million, representing a 2% growth compared to the same period of last year. Analysis of Group’s financial performance – H1 2023 Vs. H1 2022   Key financial performance indicators Amounts in QAR’ millions H1 2023 H1 2022 Growth (%) Net income from financing activities 2,186 1,460 +50% Total ......read more

GWC Raises Foreign Investors Ownership Limit to 100%

13 July 2023 / Doha: GWC is proud to announce that it is one of the first companies in Qatar to increase the foreign investor ownership percentage in the organization’s capital to 100%. This milestone development was achieved after receiving the approval of the honorable Council of Ministers session which was held on 17th May 2023.   Speaking about this, Hicham Nedjari, CFO, GWC said, “It gives us an immense sense of pride to be one of the first companies in the country to extend the ceiling of foreign ownership to 100%. In keeping up with the Qatar National Vision 2030 and promoting economic development and diversification, we believe this advancement is a recognition of the integral role foreign investors play in Qatar’s economy.”  The decision to amend was approved by the Extraordinary General ......read more

Financial Results For The Six Months Ended 30 June 2023

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months ended 30 June 2023. Net profit for the six months ended 30 June 2023 reached QAR7.6 billion (USD2.1 billion), an increase of 8% compared to same period last year. Operating Income increased by 14% to reach QAR18.5 billion (USD 5.1 billion) underpins Group’s continued successful efforts in maintaining growth across a range of revenue lines. Total Assets as at 30 June 2023 reached QAR1,202 billion (USD330 billion), an increase of 7% from 30 June 2022, mainly driven by good growth in loans and advances by 7% to reach QAR819 billion (USD225 billion). Strong inflow of customer deposits helped to increase deposit base by 5% to reach QAR836 billion (USD230 billion) from 30 June 2022. QNB Group’s loans ......read more

Dukhan Bank Announces the Winners of its Quarterly Thara'a Savings Account Prize

Doha, Qatar - 8 July 2023 – Dukhan Bank has announced the winning names of its latest quarterly draw of Thara’a, its Shariah compliant savings account, at the Bank’s headquarters. As the draw results showed, Thara’a savings account customers Mohamed Ayari and Nisrin Fanous have each won a cash prize of 50,000 Qatari Riyals, as well as Yahya Gomaa and Hessa Al-Sulaiti both of whom have won a cash prize worth 25,000 Qatari Riyals. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. On a monthly basis, there are 59 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, quarterly there are 2 winners per ......read more

Ooredoo Kuwait Upholds Its Dedication to Putting Employee Well-Being First

Kuwait City, July 05, 2023 – As part of its ongoing commitment to prioritizing its employees' welfare, Ooredoo Kuwait, the leading telecommunications company, reinforces its people-centric approach through an extensive and continuous corporate wellness program aimed at improving the well-being and productivity of its workforce. The program equips employees with valuable resources and knowledge to maintain a harmonious work-life balance and create healthy work environments. Recognizing the fast-paced nature of today's corporate world, Ooredoo Kuwait continues to take proactive steps and invest in the physical and mental health of its workforce through a series of wellness sessions acknowledging the importance of fostering a healthy and positive workplace culture and understanding the significance of their ......read more

Dukhan Bank Customers to Win from a Total of 2,000,000 DAwards in Credit Card Spend Campaign

• 5 winners each to receive 100,000 in the first monthly draw held on July 31 • 5 winners each will receive 100,000 in the second monthly draw held on August 30 • 1 winner will walk home with 1,000,000 in the grand prize draw held on October 3   Doha, Qatar – June, 2023: Dukhan Bank has announced its latest Credit Card Spend Campaign for its customers to have a chance to win from a total of 2,000,000 DAwards as part of the bank’s commitment to give back to its loyal customers.   During the campaign, which will run for three months from June 25 to September 25, 2023, Dukhan Bank Visa and Mastercard credit cards holders will have the opportunity to win up to 1,000,000 DAwards when they make purchases using their credit cards. Eligible cardholders who make local or international ......read more

Dukhan Bank Wins Most Transformed Islamic Bank in Qatar' Award from Euromoney

DOHA, QATAR- 20 June 2023: Dukhan Bank has received yet another international recognition for its innovative approach to banking services by winning the ‘Most Transformed Islamic Bank in Qatar 2023’ from Euromoney’s Islamic Finance Awards 2023. This recognition is a testament to the bank's unwavering commitment to digital innovation, customer-centric services, and its relentless pursuit of excellence in the banking industry. Dukhan Bank was honoured for its innovative and digital products and services that enhance the customers’ interactive engagement with the bank and comprehensive banking experience. The award recognized Dukhan Bank's exceptional achievements in revolutionizing the Islamic banking landscape through various groundbreaking initiatives. Among the notable milestones and pioneering ......read more

Sharq Insurance Wins Digital Transformation of The Year Qatar 2023 Award for the Insurance Sector by the Global Business Review Magazine

Having recently launched into the market, fully owned subsidiary of Doha Bank, Sharq Insurance, was recognized for its excellent digital offerings and rapid digitization Doha, Qatar – 19 June 2023: Sharq Insurance L.L.C, the general insurance company owned by Doha Bank, has received the “Digital Transformation of The Year Qatar 2023 – Insurance Sector” Award from the Global Business Review Magazine.  The award comes in recognition of the company’s digital solutions, quality of services, and the rapid pace of its digital transformation, which are all factors that have pushed Sharq Insurance to be ahead of the curve in the Qatari market. In September 2022, Sharq Insurance launched its operations with a fully integrated website as well as a conversational Al solution to offer online insurance ......read more

Dukhan Bank Announces the June Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 10 June 2023 – 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 Khalifa Al-Kubaisi and Eisa Amani each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Mouaz Rajab, Siddique Mohammed, Mohannad Maher, Ghalia Al-Mulla, Saad Al-Dosari, Dana Ghadban, Rawia Abujrir, Fatima Amer, Mohamed Abdulwaris, Suleman Miah, Pocholo Santos, Abdul Salam Abdul Razzaq, Fatima Mohammed, Maryam Al-Abdulla, Sofyan El Rufaie, Rawya Dalani, Ali Mohamed, Jameel Khan, Noora Al-Hamli, Salma Basharaheel, Mohsen Rabeh, Amir Elhaddad, Fatma Al-Motawa, Ibrahim Mohammad, Parviz Amiri, Hayaa Al-Qahtani, Baskararaj Raj, Wajdan ......read more

MEEZA Opens IPO Subscription for 324,490,000 Ordinary Shares Today, June 6

Doha, Qatar, May 2023 – Following the Intention To Float (ITF) announcement, MEEZA, the leading managed IT service provider in the State of Qatar, is announcing the opening of the subscription period for its shares today, Tuesday June 6 2023, for Qatari individual and corporate investors. The period will be open until June 19, 2023, allowing interested investors to subscribe to the IPO and benefit from the company’s strong and stable growth.  The total offering comprises of 324,490,000 ordinary fully paid-up shares at an offering price of QAR 2.17 per share, which includes QAR 1.00 of nominal value, a premium of QAR 1.16 and Offering and Listing Fees of QAR 0.01 per Share. The offering is open to Qatari citizens and legal entities incorporated in Qatar in accordance with the Qatar Stock Exchange (QSE) Rulebook, the ......read more

First Finance Wins Best Digital Transformation Initiative Award from The Global Economics

Doha, Qatar – 30 May 2023:  First Finance (FFC) has won the Best (NEW) Digital Transformation Initiative in Finance Industry Award from The Global Economics for its “FFC Mobile App” launched in 2022. The Global Economics Awards acknowledge corporate institutions for their commitment to providing the best work culture towards their regional and global economies. The Global Economics Awards program also serves as the symbol of testament to its recipients’ perseverance and credibility. The program recognises the best market players in their business sectors with the aims to motivate and bolster their confidence. It also advocates professionals across the globe in diverse business realms, such as finance, insurance, real estate, technology and healthcare, among others. First Finance’s mobile app ......read more

MEEZA QSTP LLC (Public) (MEEZA) to Offer its Shares through Initial Public Offering

The proposed offering of securities to which this announcement relates is open in Qatar only to individual Qatari nationals and legal entities incorporated in Qatar.   • MEEZA is a leading end-to-end IT services provider within Qatar, including data center and colocation services • The share capital of MEEZA is QAR 648,980,000, divided into 648,980,000 Shares of QAR 1 each • 50% of the Shares, equivalent to 324,490,000 Shares, are being offered at an Offer Price of QAR 2.17 per Offer Share, making the total size of the Offering QAR 700,898,400 (excluding the offering costs of QAR 0.01 per Share) • The Offer Price of the Shares comprising the share capital was determined by Qualified Investors in Qatar through the first Book Building process ever pursued to price an Initial Public Offering on the ......read more

QIC Group Recognized for its Contributions towards Developing Qatar's Human Capital

Doha, 28th May 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region was honored at the graduation ceremony of the eighth cohort of the “kawader Malia” program, for its outstanding contribution towards supporting the development of young Qataris and its commitment to shaping the country’s future workforce.  Held at the four seasons hotel in Doha Last Wednesday on May 24th, the ceremony saw the program award certificates to 72 distinguished students. The graduates completed extensive training programs in leading Qatari institutions that equipped them with knowledge and skills to lead and thrive in fields critical to national development.  In November 2022, QIC signed a MoU with Qatar Finance and Business Academy (QFBA), committing to support its ‘Kawader Malia’ ......read more

Palo Alto Networks and Google Cloud Bring Zero Trust Security to the Hybrid Workforce in Qatar

May 24, 2023 – [Doha, Qatar]  Palo Alto Networks, the global cybersecurity leader, today announced the expansion of Prisma Access to a new Google Cloud region in Qatar to bring Zero Trust security to the hybrid workforce.   “As organisations adopt hybrid working practices and make the shift to cloud computing, they need to give employees direct and secure access to their data and applications across any device, location, and network,” said Tarek Abbas, Senior Director, Systems Engineering, Emerging Markets, Palo Alto Networks. “Our collaboration with Google Cloud combines the scale offered by its global network with the best-of-breed cybersecurity platforms from Palo Alto Networks, and this new Prisma Access location will bring Zero Trust security to the hybrid workforce throughout Qatar with the ......read more

Qatar Insurance Group An Innovation Catalyst

MENA InsurTech Rising 2023 QIC holds MENA InsurTech Summit 2023 Doha, 24 May 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, held the second edition of its annual insurtech summit on May 20-22, 2023, at Park Hayyat hotel in Doha, Qatar, under the theme “MENA Insurtech Rising”. The three-day event brought together 88 C level regional and international insurers, startup founders, investors and key players to discuss and explore partnerships with close focus on sharing insights on the latest industry trends, innovation, investment and digital transformation, with the goal of fostering learning and collaboration between the MENA Insurtech ecosystem players.  The year 2022 launched the beginnings of Qatar Insurance Group’s (QIC) digital aspirations reaching beyond ......read more

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Qatar National Cement Company Selects SAP and Google Cloud to Power Digital Transformation Journey ...

Mannai worked closely with SAP and Google Cloud to accelerate the Qatari cement giant’s transition to the cloud, with data hosted securely on Google Cloud    Doha, Qatar — May 23, 2023 — Qatar National Cement Company (QNCC), a key player behind the nation’s construction industry boom, has signed a partnership agreement with global technology company SAP SE ......read more

Dukhan Bank Introduces Personal Finance with Low Profit Rate

Doha, Qatar – 22 May, 2023: Dukhan Bank has launched a new personal finance campaign that allows new customers to benefit from a low profit rate of 6% per annum.  Dukhan Bank customers can take advantage of the offer to apply for a minimum finance amount of QAR 200,000 for a period of 4 years and above. The campaign, which is applicable to new customers only, will provide easy ......read more

QIC Group announces MENA Insurtech Summit 2023 Agenda and Speakers

Doha, 18th May 2023 – After the incredible success of its first edition, the MENA Insurtech Summit returns to Doha, Qatar for on May 20-22, under the theme ‘MENA Insurtech Rising’ with a program packed with forward-looking panel discussions and workshops featuring 90 expert international and regional speakers from across the spectrum of the insurance, technology and financial ......read more

Sharq Insurance Partners with Doha Bank at Build Your House Exhibition

The fully owned subsidiary of Doha Bank, Sharq Insurance, will showcase its comprehensive solutions for Home and Property Insurance  Doha, Qatar – 17 May 2023:  Sharq Insurance L.L.C, the general insurance company owned by Doha Bank, is pleased to announce its collaboration with Doha Bank at the highly anticipated Build Your House Exhibition, held from May 15 to May 18 at ......read more

QInvest Sponsors Qatar Economic Forum Powered by Bloomberg as Participating Sponsor for the ...

Doha, Qatar – 16 May 2023:  For the second consecutive year, QInvest LLC, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, has announced its sponsorship as “Participating Sponsor” of the Qatar Economic Forum 2023, which will be held from May 23 to May 25, 2023, in Doha. To be held under the main theme ‘A ......read more

Ooredoo Partners with Lenovo to Investigate Upgrading Business Offerings with New Innovative 5G and ...

Lenovo to support Ooredoo with 5G solutions for new use cases across Smart Cities, Public Safety, Scientific Research, High Performance Computing, and Data Sovereign Hybrid Cloud May 16, 2023 - Doha, Qatar:  Ooredoo, the leading ICT enabler in Qatar, announced today the signing of a Memorandum of Understanding (MoU) with Lenovo, a global technology leader. The MoU paves the way for the ......read more

Ooredoo Group Appoints New Palestine CEO

Doha, Qatar, 15 May 2023: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker ORDS – has announced the appointment of Dr. Samer Fares as the new Chief Executive Officer of Ooredoo Palestine, effective 15 May 2023, succeeding Dr. Durgham Maraee.    Dr. Samer moves to Ooredoo Palestine from his most recent role as Chief Legal and Regulatory Officer at Ooredoo Algeria, bringing ......read more

Dukhan Bank Wins Four Accolades at the MENA Banking Excellence Award 2023

 - Best Private Bank – Qatar - Best Multi-Channel Offering - Excellence in Omni-Channel Integration - MENA Private Banker of the Year – Chaouki Daher Doha, Qatar - 15 May, 2023: In recognition of its excellence in private banking services and innovative digital banking solutions, Middle East Economic Digest (MEED) has honoured Dukhan Bank with four distinguished awards ......read more

Dukhan Bank Unveils Eco-friendly Vehicle Finance Offer with 1% Less Profit Rate than Regular Car ...

• Profit rate 1% less than regular car finance profit rate  • Complimentary credit card for the first year • Three month grace period    Doha, Qatar – 15 May 2023: Dukhan Bank has introduced its first eco-friendly vehicle finance offer with a competitive profit rate for new and existing customers who are ready to make their next vehicle purchase an ......read more

Dukhan Bank Announces the May Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 14 May 2023 – 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 Maryam Al-Hetmi and Bouthaina Al-Obaidli each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was ......read more

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