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 Certificate Issuance Programme which listed on Euronext Dublin. The profit rate achieved is the lowest ever paid by QIB on their fixed rate Sukuk issuances. This is QIB’s second public issuance in 2020, having issued the first ever Formosa Sukuk earlier this year.
The success of this transaction came on the back of a two-day marketing strategy aimed at updating international and regional investors with QIB’s strategy and ......read more
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. Customers using contactless cards can easily make payments of (up to) QAR 300 with a ‘Tap and Pay’ service and any amount above QAR 300 using the ‘Tap and PIN’ service.
Commenting on the launch of the new service, Omar Al Emadi, Group Chief Business Officer, stated:
“We are constantly looking for ways to innovate and integrate new technology within our sphere of operations, products, and services. The contactless POS ......read more
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 in exhibiting Falcons. The exhibition displays various Falcons and its handling equipment. Now in its fourth year, the International Hunting & Falcons exhibition boasts of participants from different countries across the world.
Qatar Insurance Group has long demonstrated its eagerness towards supporting activities that showcase Qatar’s rich culture and enhance the Qatari individual’s connection with his environment and ......read more
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 Qatar”.
This top recognition is following QIB’s outstanding response to the COVID-19 pandemic delivered through the guidance of QIB’s Board of Directors and Mr. Bassel’s leadership in navigating the Bank to deliver the safest, most trusted, and effective banking services to both retail and corporate customers since March 2020.
Attended by top executives and senior bankers from across Asia Pacific, the Middle East and Africa, ......read more
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 170 Billion higher by 4% compared to December 2019 with a growth of 9.8% compared to September 2019 driven by the continued growth in the financing and investing activities.
Financing activities have now reached QAR 113.2 Billion having grown by 5.7% compared to September 2019. Customer Deposits of the Bank now stand at QAR 112 Billion higher by 5% compared to September 2019.
Total income for the nine months’ period ended 30 ......read more
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 FinTechs set to join Wave-1 of its Incubator and Accelerator Programs. Both Programs are set to start on 14th October and will run until December 2020.
In April 2020, QFTH unveiled its Wave-1 rigorous 12-week programs, designed to cater to both local and global FinTech entrepreneurs and startups looking for a launchpad from Qatar to the world, and to accelerate their growth at an international level.
During the last two ......read more
Doha, Qatar – October 08, 2020: Marking the start of an exciting new banking journey, Barwa Bank, Qatar’s leading banking player, announced its rebranding into Dukhan Bank, effective October 2020. The announcement that was made on October 07, 2020, featured the presence of H.E Sheikh Abdulla Bin Saoud Al-Thani, Governor of Qatar Central Bank, H.E Sheikh Mohammed bin Hamad bin Qasim Al Thani, Deputy Governor of Qatar Central Bank, H.E Sheikh Mohammed bin Hamad bin Jassim Al Thani, Chairman and Managing Director of Dukhan Bank, and a number of members of the Bank’s Board of Directors. The event was broadcasted to the public through the bank’s social media channels.
Under its vision to cement its position as “Qatar’s Bank of Choice”, the bank’s rebranding comes at a ......read more
This year’s virtual Program organized in collaboration with INJAZ Qatar will enroll 500 students in its 2020/2021 academic year
Dedicated to improving the youth’s financial literacy in Qatar, the Program graduated 800 students in the past two academic years
8 October 2020, Doha, Qatar: Qatar Islamic Bank (QIB) has announced the start of the third academic year of its Financial Literacy Program ‘How Money works?’, developed in collaboration with INJAZ Qatar, an entity in Qatar established to inspire and prepare young people to succeed in the global economy.
This academic year, the ‘How Money Works?’ sessions will be held virtually with the Program working to educate a new cohort secondary school students and first year university students, utlising digital channels and new teaching ......read more
6 October 2020, Doha, Qatar: Qatar Islamic Bank (QIB), the largest private bank in Qatar, is pleased to announce its recognition as “The Best Bank for SMEs in Qatar” at the Asiamoney Middle East's Best Bank Awards 2020.
This award is testament to QIB’s SME-centric approach in providing innovative financial services to small and medium-sized enterprises in Qatar, and of its efforts in supporting the growth of the country’s private sector.
In its rationale behind choosing QIB as a winner of the prestigious award, Asiamoney praised QIB’s popular Aamaly (My business) program for being expressly designed to provide tailored products and services to SMEs in Qatar. The program offers entrepreneurs financial services, advice and guidance, and features several benefits for SMEs including special ......read more
As everything in the world is quickly changing and developing so is the e-commerce market around the globe. With people getting fast internet access and reliability over modern technology, they have switched from traditional shopping to online shopping. And this online shopping has given rise to the e-commerce market.
While the e-commerce market is gaining pace in the rest of the world, the Middle-East is also growing as an e-commerce hub. The Arab states have a large and growing market of new & eager internet users on peak who are all caught up in online shopping. Saudi Arabia, Kuwait, UAE, Oman, Qatar, and other Middle East countries are continuously putting efforts to increase their e-commerce market in regions. As e-commerce and online trading is rapidly increasing, there are other factors too which give them a push. And ......read more
The new digital solution simplifies the process of opening and managing domestic workers accounts, free of charge and without a minimum balance requirement.
Domestic workers with a sponsor holding an active QIB account can now open their own accounts through the mobile app and start enjoying a number of digital services.
29 September 2020, Doha, Qatar: In line with the Qatar Central Bank (QCB) directives to support all segments of the society and promote digital banking solutions, Qatar Islamic Bank (QIB) is pleased to announce that domestic workers in Qatar can now open their own bank accounts with QIB, directly through the bank’s award winning Mobile App.
The QCB initiative aims to promote the principle of financial inclusion of domestic workers in Qatar, and to facilitate timely payment and access to ......read more
24 September 2020, Doha, Qatar: Qatar Islamic Bank (QIB), the largest private Bank in Qatar, is pleased to announce the recognition of its GCEO, Mr. Bassel Gamal, as “Middle East’s Islamic Banker of The Year”, and QIB as “Islamic Bank of The Year in Qatar” at The Asset Triple A Islamic Finance Awards 2020.
In recognition of his visionary leadership and achievements in the world of Islamic banking, Mr. Bassel Gamal, QIB’s Group CEO, received the “Middle East’s Islamic Banker of The Year” award. Mr. Gamal bas been the leader of the strategic transformation of QIB since 2013, and has been instrumental in the Bank’s successful approach to business growth, digital transformation, and business culture development. Under Mr. Gamal’s leadership, QIB outperformed ......read more
It has more than 70,000 hospitals and healthcare centers around the world
It aims to expand internationally and enter new markets
The size of the network is comparable to major global insurance companies
Service providers inside Qatar provide service to customers via an ID card
Keeping pace with its growing customer base at the local, regional and international levels
Doha - 20 Sept 2020: QLM Life and Medical Insurance Company announced the expansion of its global medical network based on the company's keenness to provide the best to its customers. This step highlights the company's customer focused approach of caring for its customers and upgrading its services.
Mr. Salem bin Khalaf Al Mannai, CEO of Qatar Insurance Group said, “QLM is preparing for a major ......read more
Doha, Qatar – 13th September 2020: Barwa 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 Hind Al-Binsaeed and Eid Alajmi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Ossama Eliwa, Shamma Al-Kaabi, Ali Wassouf, Fayez Ali, Noora Al-Marri, Iqab Jaber, Dana Al-Mulla, Molouk Alhendawi, Fatima Al-Romaihi, Zahya Khalifa, Mohammed Al-Marri, Abdalla Mohamed, Saad Al-Abdulla, Abdelaziz Saleh, Khalifa Al-Binali, Hmad Abdulmajid, Hanan Al-Maslamani, Surraiya Naseem, Ahmad Al-Kuwari, Maher Zeid, Mohamed Al-Kubaisi, Sharifa Al-Emadi, Noora Al-Dosari, Wadha Al-Sulaiti, Ibrahim Al Kawari, Aisha Al Hamad, Ghalia ......read more
The “Best Islamic Retail Bank in the Middle East & Qatar”, “Best Digital Bank in Qatar” and “Best SME Bank in Qatar” awards are a testament to Qatar Islamic Bank’s successful growth strategy, driven by customers’ needs
13 September 2020, Doha, Qatar: Qatar Islamic Bank’s (QIB) best-in-class services have been recognised with three prestigious awards from The Asian Banker, a leading international provider of strategic intelligence on the financial services industry.
The recognition of QIB took place in a virtual awards ceremony, where QIB was represented by Mr. D. Anand, QIB’s General Manager - Personal Banking Group, and Mr. Dinos Constantinides, QIB’s Chief Strategy & Digital Officer.
In its latest Excellence in Retail Financial ......read more
September 10, 2020: Ogilvy has become the first agency brand to reach an impressive social media milestone: one million followers on LinkedIn.
LinkedIn has become the social destination for business, employment, and company culture content. Ogilvy’s global social and thought leadership strategy is a natural fit with LinkedIn. The one million follower landmark is the result of the cultivation of a community where big ideas that shape brands are shared, celebrated, and discussed.
Ogilvy’s one million LinkedIn followers come from across the globe and the business spectrum. The top five nations represented in Ogilvy’s LinkedIn community are the United States, India, United Kingdom, Brazil, and Spain; its followers come from industries as varied as Marketing and Advertising to ......read more
Doha – Qatar, 07 September 2020: Barwa Bank Group disclosed its financial statements for the second quarter ending 30th June 2020, where the Group has recorded a net income of QAR 529 million as compared to QAR 470 million this time last year, representing a growth of 12.5%.
The bank accounts for the pandemic (COVID-19) effect in its financial report, in line with International standards and in accordance with Qatar Central Bank (QCB) rules.
The results showed that the Group continues its positive performance with the total income standing at QAR 1.8 billion compared to QAR 1.4 billion in the same period last year, a growth of 22%. The results are testament to Barwa Bank’s resilience and flexibility in adapting to constantly changing market conditions and continuing to serve the ever-changing needs of its ......read more
29 August 2020, Doha, Qatar: Qatar Islamic Bank (QIB) has awarded more than 400 winners with cash prizes in the third edition of its innovative Misk savings account. The Misk account comes as part of the Bank’s ongoing efforts to promote positive financial habits and encourage individuals to save money.
Existing and new QIB customers interested in opening a Misk account can do so easily, from anywhere, at any time, simply by reaching out to their mobile phone and using the award-winning QIB Mobile App. New customers can start their relationship with QIB by opening the Misk account through the mobile app and subsequently start using the app to manage all their day-to-day banking needs remotely having access to more than 90 features and services.
Upon opening the account, customers will receive a free debit card, ......read more
Doha, Qatar – 25 August 2020: Barwa Bank has announced the successful closure of the education investment launched by its wholly owned subsidiary, The First Investor (“TFI”) Qatar, a leading Shariah investment firm.
In 2013, along with investors and in partnership with Qatar Insurance Company (QIC), TFI provided funding for the construction of two schools in Al Wakra, Qatar and leased the operations to GEMS Education.
The transaction, in line with the planned investment strategy, performed exceptionally well throughout the holding period and initial investors received a net 60 per cent return on investment. During the tenure of their investment, investors received semiannual dividends equating to an annual cash-on-cash return between 6 per cent and 8 per cent.
Khalid Al-Subeai, Group ......read more
The largest packaged product mosaic (image) measures 157.7 m² and consisted of 8,600 items
20 August 2020 – Guinness World Records™ (GWR), the global authority on record-breaking achievements announced a new world record for The largest packaged product mosaic (image) measures 157.7 m² which was achieved by Funko (UAE) in association with Dubai Summer Surprises and Mall of the Emirates.
The brand-new title with a minimum requirement of 150 m2 is the first on-site adjudication GWR delivered in the MENA region since lockdown. The instalment, which consists of 8,600 packaged products, took 15 people and a total of 16 hours to complete, and was barriered off to ensure social distancing with promoters and walk-in shoppers.
The official attempt was made by Monkey Distribution, the Middle ......read more
QIB customers can now update their CRS/FATCA tax information, postpone their finance Monthly Installment, and get the exclusive Certificate of Deposits for COVID-19 frontliners through the Mobile App
17 August 2020, Doha, Qatar: Qatar Islamic Bank (QIB) has introduced new features to its award-winning Mobile App, in line with the bank’s ongoing efforts to provide customers with innovative digital options to fulfill all their banking needs remotely.
Developed with customers’ daily banking requirements in mind, the QIB Mobile App now allows customers to benefit from new and simplified features, including the postponement of their Personal Finance Monthly Installment, opening the exclusive Certificates of Deposit for COVID-19 frontliners, filling and submitting the Common Reporting Standard (CRS), and ......read more
16 August 2020, Doha, Qatar: Qatar Islamic Bank (QIB), the largest private bank in Qatar, has been recognized with two prestigious awards at the Middle East World’s Best Consumer Digital Banks Awards 2020 by Global Finance Magazine, winning Best Mobile Banking App in Qatar, and Qatar’s Best Social Media Marketing & Services awards for the second consecutive year.
The two awards reflect QIB’s excellence in providing the best and most innovative digital banking services in the market, and translate its leading contribution to reshaping the banking scene in Qatar through seamless digital solutions and services that meet all customers’ banking needs.
Headquartered in New York with offices around the world, Global Finance’s audience includes senior corporate and financial officers responsible ......read more
August 13, 2020: Global average commercial insurance prices increased 19% in the second quarter of 2020, according to the Global Insurance Market Index released today by Marsh, the world’s leading insurance broker and risk adviser. The increase, the largest since the index was launched in 2012, follows year-over-year average increases of 14% in the first quarter and 11% in the fourth quarter of 2019.
As with the first quarter, average price increases were driven principally by increases in property insurance rates and financial and professional lines. Among other findings, the survey noted:
• Global property insurance was up 19% and global financial and professional lines were up 37%, while global casualty pricing was up 7% on average.
• Composite pricing in the second quarter ......read more
13 August 2020: Commenting on the publication of an open letter to the UN Secretary-General urging them to take action to deal with the FSO SAFER oil tanker and stop a humanitarian and environmental catastrophe off Yemen, Greenpeace MENA Executive Director Zeina Alhajj said:
“Time has run out on doing nothing to avert the looming social and ecological disaster that is the FSO SAFER oil tanker. Inaction is no longer an option.
“The UN is our last, best hope of averting a catastrophic oil spill in the Red Sea. It has all the influence and expertise to solve the problem and Greenpeace urge the Secretary-General to make repairing the tanker and removing the million barrels of oil on board a priority.
“Unless the UN act we risk sleepwalking into a disaster of international significance that will heap even more ......read more
10 August 2020, Doha, Qatar: Qatar Islamic Bank (QIB) has announced a seasonal offer to reward its customers on summer and back to school purchases performed through the bank’s different type of cards. QIB cardholders will have the opportunity to earn up to 10,000 additional Absher Rewards and Qmiles Points on their local and international spends. The campaign will run until 31st of August 2020.
Customers will get additional reward points or bonus Qmiles for each individual transaction above QR 1,000. Depending on the value of the transaction they will earn 20%, 50% or 100% additional reward points. The maximum amount of additional reward points is limited to 10,000 points per card”
Absher Rewards points can be redeemed for a variety of purchase options, including shopping from all Al Meera supermarkets and ......read more
Security by Design: Cybersecurity & New tech; Mega Events Security;
Crisis Management & Health Security – Post Covid-19 feedbacks;
Firefighting: Emergency & Security System
6 August 2020: Milipol Qatar 2020, the Middle East’s leading international event for Homeland Security and Civil Defence which returns to Doha this October, will feature ......read more
29 July 2020, Doha, Qatar: Qatar Islamic Bank (QIB) wishes everyone a blessed Eid Al-Adha. On this occasion, QIB has announced that four mall branches will be operating during the Eid Al-Adha holiday.
Effective from the evening of the second day of Eid, Saturday 1st of August, the following mall branches will be operating: Al Gharafa (Qmall), Doha Festival City, Dar Al Salam Mall and City ......read more
Doha, Qatar – July, 27 2020: Barwa bank announced that Moody’s, the global credit rating agency, has affirmed its long-term credit rating at “A2/Prime-1”, with a stable outlook.
Notably, Barwa Bank has been granted investment grade rating based on the strength of its financial assets and the quality of its operating margins. This represents a major achievement in ......read more
27 July 2020, Doha, Qatar: Qatar Islamic Bank (QIB) is pleased to announce Al Meera Consumer Goods Company (Q.P.S.C.), Qatar’s favourite neighbourhood retailer, as the latest addition to its extensive network of Absher Rewards Program’s redemption partners.
With this announcement, QIB becomes the first Islamic bank in Qatar to offer its customers the opportunity to shop from ......read more
Doha, 27 July 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 half 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 H1 2020 financial ......read more
Doha-Qatar – 26 July 2020: Al Meera Consumer Goods Company (Q.P.S.C.) announced that it achieved ISO/IEC 27001:2013 certification for its robust Information Security Management System (ISMS), enhancing customer trust with its rigorous new personal and commercial data safety initiatives. The ISMS introduced new set of policies and procedures for systematically managing ......read more
• Net profit of QAR 361 million, an increase of +2.6% year on year
• Net Operating Income grew 12% year on year, ending at QAR 664 million
• Operating expenses of QAR 174 million, resulting in a cost/income ratio of 26%
• Loans and Deposits increased by 10.6% and 13% year on year respectively
• The Capital Adequacy ratio stood at a healthy ......read more
July 19, 2020 - Doha, Qatar: Qatar Islamic Bank (QIB) has launched its new contactless credit cards. The contactless payment solution allows QIB credit cardholders to safely and conveniently, tap and pay, using their credit card at any contactless enabled point of sale (POS) machine.
Contactless cardholders can conveniently tap and pay for transactions under QAR 300 without a need for a ......read more
Total Assets reach QAR 165.8 Billion
Dubai, United Arab Emirates, July 16, 2020: Qatar Islamic Bank (QIB) has announced the results for the six months’ period ended 30 June 2020. Net Profit attributable to the Shareholders of the Bank amounted to QAR 1,426.5 Million for the six months’ period ended June 2020 in line with the performance during the same period in ......read more
— New and enhanced rebates; Increased flexibility across program tiers; and new deal registration benefits, all coupled with an innovative, partner-ready product portfolio positions partners to grow, profit and be future ready —
July 15, 2020: Commvault (NASDAQ: CVLT), a recognized global enterprise software leader in the management of data across cloud and ......read more
QIB continues being at the forefront of banking innovations with the launch of a new mobile application dedicated to corporate customers
12 July 2020, Doha, Qatar: As part of QIB’s ongoing efforts to provide innovative digital solutions to empower its customers, Qatar Islamic Bank (QIB) launched a new mobile application, the QIB Corporate App, that is ......read more
Doha, Qatar – 09 July 2020: Barwa 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 Marlo Enriquez and Baina Al-Marri each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari ......read more
Doha, Qatar - July 02, 2020: Grey Doha, announced the winner for “Best Low Budget Campaign” at the Chartered Institute of Public Relations (CIPR) UK Excellence Awards 2020.
The win followed the unique execution of #ICarryHerName (#be7mol2esma) cultural campaign for Galler Chocolatier Lebanon, a premium Belgium chocolate brand leading quality chocolate ......read more
Saxo Rewards is a transparent, highly personalized scheme powered by AI and big data
June 23, 2020: Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, has introduced Saxo Rewards, a new, highly personalized loyalty program that offers traders and investors the opportunity to qualify for account upgrades by collecting ......read more
Doha, Qatar – June 22, 2020: MEEZA, Qatar’s pioneering Data Centre business, revealed the launch of its 4th state-of-the-art Data Centre in Doha, as the latest addition to its nationwide plans, to support Qatar’s digital transformation and smart future.
The new data centre, M-VAULT 4, is part of MEEZA’s accelerated efforts to implement Qatar’s digital ......read more
Doha, Qatar – 16 June 2020 – Barwa 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 Megahed Attia and Sufyan Hamid each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to ......read more
Abu Dhabi, 10 June 2020 – Provis has leveraged on its digital transformation programme to ease property sales & leasing, keep customers healthy & engaged, and enable them to remotely manage their properties amid government-mandated health and safety guidelines. Through a series of innovations including 360-degree virtual tours, virtual fitness and entertainment classes, Provis ......read more
Doha, Qatar 1 June 2020 – The “Better Connections" program, a nationwide initiative targeted at improving the wellbeing of expatriate workers in Qatar, has surpassed its pre-set target of 1.5 million beneficiaries by providing digital inclusion opportunities, to 1,679,000 beneficiaries, within a five year timeframe since its launch.
“Better Connections” ......read more
Counterfeits of door hinges are found in the KSA
Concesio, Italy - (EMAILWIRE.COM) - The following is a notification from ICSA Serrature Srl that the door hinge identified below bears a counterfeit UL Certification Mark. The door hinge has not been evaluated by UL to the appropriate Standards for Safety and it is unknown if they comply with any safety requirements.
Although ......read more
21 May 2020: KPMG recently released its fifth edition of the ‘GCC listed banks’ results’ report, which analyzes the published results of listed commercial banks across the region for the year ended 31 December 2019. The report, titled ‘New Age Banking’, demonstrates that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 ......read more
Doha, Qatar – 16 May 2020: Barwa 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 Aida Abid and Alame Abufidaia each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to ......read more
• Global trade values fell 3% in the first quarter of 2020
• An estimated quarter-on-quarter decline of 27% is expected in the second quarter
• Commodity prices fell by a record 20% in March, driven by steep drops in oil prices
13 May 2020: The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the ......read more
Qatar - May 02, 2020: Despite the prevailing financial market turbulence across the globe, Qatar Insurance Company announces successful issuance of US$300 million perpetual non-call 5.5 year subordinated Tier 2 capital notes. The notes were issued through QIC (Cayman) Limited, a Special Purpose Vehicle incorporated in the Cayman Islands, for the purpose of the issuance and guaranteed ......read more
Dubai, United Arab Emirates, April 29, 2020: Qatar Insurance Company (QIC, QIC Group or the Group), the leading insurer in the MENA region, announced its financial results for the first quarter of 2020. Following a remote meeting presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman and Managing Director, QIC’s Board of Directors approved the ......read more
• Net Operating Income reached QAR 315 million, up 9% compared to Q1, 2019;
• Operating expenses of QAR 82 million, resulting in a cost/income ratio of 26%;
• Net profit of QAR 177 million, in line with the same period in 2019;
• Loans and Deposits increased by 2.6% and 6.8% year on year
• The Capital Adequacy ratio at quarter-end stood at a healthy ......read more