Doha- Qatar, 30 March 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announced that its Board of Directors will meet on 15/04/2020 to approve the financial results ending on 31/03/2020.
Doha, Qatar – 19 March 2020: Imar Group, the specialized group in the field of construction and contracting, honored 55 veteran employees from all departments who have been significantly contributing towards building the company’s prominent portfolio and possess an influential track record of workmanship over the past two decades.
The event was hosted alongside the gala dinner organized by Imar Group on the occasion of 25thanniversary of launching its operations and to honor the veterans who have successfully completed ten, fifteen, twenty, and twenty five years with the company and have set an inspirational workmanship benchmark for others to follow.
Thanks to its exceptional and acclaimed record in all the completed projects over the past 25 years, Imar Group has made its mark in the ......read more
Doha, Qatar – 17 March 2020: Al Meera Consumer Goods Company (Q.P.S.C.) held its Annual Ordinary General Assembly on Tuesday, 17th March 2020 at its head office in Qatar Tower, West Bay, in the presence of H.E. Abdulla Abdulaziz Turki Al-Subaie, Chairman of the Board of Directors, as well as members of the Board of Directors, shareholders and investors.
During the year, Al Meera recorded consolidated sales of QAR 3 billion. Gross profit increased 4.5% to QAR 518.6 million. Group gross shops rental income amounted to QAR 74.8 million. The net profit attributable to shareholders increased to QAR 186.6 million, compared to QAR 182.4 million achieved in 2018. Earnings per share improved to QAR 0.93, compared to QAR 0.91 reported in 2018.
The Assembly approved the Board of Directors’ proposal on the ......read more
QIC Insured encourages customers to buy insurances from qic-insured.com
Doha 17, March 2020: In line with the precautions advised by the State of Qatar to counter the spread of COVID-19, QIC Insured, the retail arm of QIC, the leading insurer in the MENA region encourages its customers to visit our website or download “QIC” mobile App to purchase personal insurances. Customers can simply log onto qic-insured.com, which offers a wide range of insurance products and services, namely, car insurance, home contents insurances, PAB insurances, Business Insurance, etc. and purchase the desired insurance from the comfort of their homes, at any time. In fact, QIC Insured’s online platform is equally equipped to manage all queries related to claims management, right from filing to tracking a claim. In the event of ......read more
Doha 11 March 2020: Qatar Insurance Group, the leading insurer in the MENA region honored Senior Deputy Group President & CEO Mr. Ali Al-Fadala for his significant contribution during his farewell ceremony organised at the QIC Headquarters in West Bay. Group President Mr. Khalifa Abdulla Turki Al-Subaie, Group CEO Mr. Salem Al Mannai, and other senior officials of the Group attended the felicitation ceremony.
Mr. Ali Al-Fadala joined Qatar Insurance Company in 1986 and held many key positions within the QIC Group and its entities. In 2010, Ali Fadala was appointed CEO of Daman Islamic Insurance Company (BEEMA), which is a subsidiary of Qatar Insurance Group. In 2013, Mr. Ali Fadala was appointed as the Senior Deputy Group President & CEO of the QIC Group. He was also elected as a member to the Board of Directors of ......read more
• Ericsson and Ooredoo Qatar complete a nationwide network modernization
• Ericsson Spectrum Sharing deployed for smoother and faster 5G coverage nationwide
• Modernized network will help Ooredoo manage data traffic growth and simplify network operations
March 05, 2020: Ericsson (NASDAQ: ERIC) and Ooredoo Qatar have accomplished a major milestone in a network modernization project by completing the upgrade of more than 2,400 sites across Qatar, enhancing the capabilities of Ooredoo's network.
As part of this network modernization, Ooredoo has deployed Ericsson Spectrum Sharing sites on its commercial network in Doha to facilitate an efficient, flexible and smooth evolution towards nationwide 5G coverage. A part of Ericsson’s 5G Platform, Ericsson Spectrum ......read more
Doha, March 01, 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, recognized select employees for their outstanding work as part of its annual staff gathering in Doha held recently at The Ritz-Carlton Doha.
The event was led by al khaliji Group Chairman and Managing Director Sheikh Hamad bin Faisal bin Thani Al-Thani, together with Group CEO Fahad Al-Khalifa and senior management, and honored employees with gifts and certificates of recognition for completing over 10 years of service, as well as for their loyalty towards the bank and its customers. In addition, outstanding performances of several employees in 2019 were recognized.
Welcoming the staff gathering, Chairman and Managing Director, Sheikh Hamad bin Faisal bin Thani Al-Thani, said: “We stand here ......read more
Doha, Qatar - 27 February 2020: Qatar Finance and Business Academy launched a new Zakat Accounting Certification Program, the first of its kind in Qatar to empower working professionals to obtain internationally accredited certificates utilizing corporate, legal, and modern financial frameworks. The certification program aims to develop professionals to implement modern practices and frameworks of corporate zakat and zakat accounting within a globalized modern world.
The certification program is split into two primary phases. The first phase aims to introduce the legal foundations of contemporary forms of corporate zakat, while the second phase pertains to the accounting practices within zakat. The program is expected to commence on the 14th of March over a period of 5 days amounting to total of 27 training ......read more
Dubai, February 26, 2020: Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector.
Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several potential investment opportunities in the region especially in the power sector.
It’s assessed that the real GDP growth of Iraq is expected to grow up by an average of 3.1% by 2023 with non-oil GDP expected to grow tremendously on the back of the reconstruction efforts.
TBI representatives present at the GTR MENA summit highlighted the potential opportunities to invest in the fledgling economy as the country continues to ......read more
Doha, 26 February 2020: Shareholders of QIC Group approved the recommended distribution of cash dividend payout at the Annual General Meeting held yesterday at the Grand Hyatt Doha Hotel at West Bay Lagoon. The AGM was chaired by Abdulla bin Khalifa Al-Attiya, Deputy Chairman of the Board of Directors.
During the meeting, the shareholders discussed the Group’s annual performance and endorsed the recommended distribution of cash dividend payout of 15% for the year ended 31st December 2019. In addition to this, they approved QIC Group’s consolidated financial statements, Independent Auditor’s Report, Board of Directors and Corporate Governance reports for the year 2019. During the AGM, the shareholders also finalised the appointment of the auditors for the year 2020. The members of the Board of Directors for ......read more
Doha, Qatar, February 24, 2020: First Finance announced the winners of the promotional campaign that was launched in conjunction with the celebrations of Qatar National Day 2019, for which awards were allocated for 18 iPhone 11 Pro devices.
The campaign, which lasted from December 17, 2019 to January 31, 2020, witnessed great customer interaction. The winners were chosen through a random drawing process in the presence of representatives of the First Finance Company and the Ministry of Economy and Trade.
During a special celebration held on this occasion, the names of the winners were announced: Hala Ibrahim Al-Khoury, Haifa Attia Allah Nasser Al-Hayy Al-Nuaimi, Mahmoud Mohamed Abdo Al-Sayed Atwa, Emily Klimako Ario, Lamia Jassem Abdullah Muhammad Al-Jassem, Mahmoud Ahmed Mahmoud Al-Bataineh, Ammar Yasser Amer ......read more
Doha, 24 February 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. held the Annual General Meeting (“AGM”) of Shareholders on Sunday 23 February 2020.
At this meeting, the shareholders endorsed the financial statements for the fiscal year that ended on 31 December 2019, which reflect a Net Profit after Tax of QAR 646 million.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al-Thani, Chairman and Managing Director of al khaliji, presented the Board of Directors’ report on the Bank’s activities and financial position for the year that ended on 31 December 2019 and future plans.
Commenting on the 2019 activities, His Excellency said:
“2019 was another successful year for al khaliji at all levels. We continued our growth in Qatar thanks to the prudent economic ......read more
• Campaign celebrates the importance of Arabic language in the daily life
• Coincides with the UN International Mother Language Day
• Especially designed parcel boxes, stamps, post cards, are part of the campaign experience
Doha, Qatar, 23 February 2020: As part of Qatar Post’s mission to connect people to what matters to them the most, the national postal service is launching a groundbreaking new campaign, ‘Al Wasl’, that celebrates the Arabic language and its role as a social connector.
On the occasion of the UN International Mother Language Day celebrated by UNESCO, Qatar Post’s parcel boxes, postcards and stamps turn into mediums to remind public in Qatar of the importance of connecting to one another, using a special design based on specific Arabic ......read more
Licence-holders from all top 10 powerhouses now accessing firm’s products
February 19, 2020: Representatives from 387, or 77.4%, of companies listed on the 2019 Fortune Global 500 Index are now using the global research and advisory firm Oxford Business Group (OBG) as a source of reference for their operations, up from 354, or 70.8%, in 2018.
In a first for the firm, its licence-holders include business leaders from all top 10 companies appearing on the index, namely: Walmart; Sinopec; Shell; China National Petroleum; State Grid; BP; Saudi Aramco; Exxon; Volkswagen; and Toyota.
Oliver Cornock, Editor-in-Chief, said the results showed that decision-makers around the world recognised both the high standard of OBG’s business intelligence and the firm’s ability to ......read more
Doha, Qatar – 19 February 2020: Barwa Bank has announced the launch of its latest campaign on home financing. Qualified applicants will be receiving up to QAR 100,000 in cash when they apply for a home finance. This offer is valid until 30th June 2020.
The QAR 100,000 cash reward is applicable on a financing amount of QR2 million spread over a period of 15 years and QAR 50,000 cash reward when the financed amount is QAR2 million over 10 years.
In other highlights of the promotion, the cash reward will be credited in a customer’s Thara’a account, while a credit card can also be issued against the amount.
Barwa Bank offers some of the most innovative features and competitively priced solutions on personal, vehicle, and home financing.
Doha, 17 February 2020: Qatar Insurance Group, the leading insurance conglomerate in the MENA Region recently honored its employees with long service awards for completing service milestones of ten, fifteen, twenty, and twenty five years of service at QIC. The long service award ceremony was held at the QIC headquarters in West Bay.
Long Service Awards are a symbol of QIC Group’s appreciation towards its employees for their continued loyalty and dedication.
Mr. Ali Al Fadala, Senior Deputy Group President of QIC Group handed over the long service awards to twenty-five recipients this year.
Mr. Ali Al Fadala expressed his appreciation for the staff. He said, “We are delighted to host the employee recognition ceremony. It clearly highlights our way of treating our human capital as the ‘most treasured ......read more
Doha, February 13, 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its relentless efforts over years to adapt to market challenges while introducing premium products and services, has won the ‘Best Premium Bank’ Award at the New Age Banking Awards 2020.
The award to al khaliji Commercial was presented in ceremony held at Dusit Doha Hotel on February 12, 2020. The New Age Banking Awards 2020 gathered banking industry leaders to discuss the changing landscape for financial institutions as well as cyber security, and open banking.
On receiving the award, Ms. Rana Al Asaad, Head of Personal Banking al khaliji Bank, said:
“We are honored to be recognized for our industry-leading premium financial products. Our premium customers have many ......read more
Doha, Qatar – 4th February 2020: First Finance Company, a subsidiary of Barwa Bank Group, announced that its vehicle finance campaign now offers a zero percent down payment to all new and existing customers.
In addition to the no upfront cash requirement, customers can enjoy a grace period of six months on their first installment.
Qualified customers will enjoy a hassle-free service provided by First Finance, the first finance company in Qatar to be regulated by Qatar Central Bank in 1999, with a long-established legacy of providing a wide range of financial solutions.
Turning compliance into advantage
Doha, Qatar, 02 February 2020: al khaliji Commercial Bank P.Q.S.C (al khaliji) P.Q.S.C, Qatar’s next generation bank, Silver sponsor of the “Compliance and Combating Financial Crime Conference”, a high-ranking gathering of bankers held at the Sharq Village and Spa from 29-30th January.
The conference was held in the backdrop of a vastly changed landscape for financial institutions who are increasingly coping with new domestic and international risks. For two days, the world’s foremost Financial Crime and Compliance expert’s voices discussed matters related to financial crime risks and associated compliance obligations and how the financial institutions nowadays have to dig deeper into their customer ......read more
QIC reports stable net profit of QAR 671 million in 2019
Doha, 3 February 2020: Qatar Insurance Group, the leading insurer in the MENA region yesterday announced its financial results for 2019. Following a meeting of the Board of Directors, which was presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman & Managing Director, the Board approved the financial results for the year 2019.
In 2019, QIC recorded growth in gross written premiums (GWP) of 2% to QAR 12.8 billion compared to QAR 12.6 billion for the same period of the previous year. QIC’s operations particularly benefited from the Group’s strategic reallocation of capacity into lower volatility and higher frequency risks, such as its short-tail personal lines business. In addition, growth was driven by ......read more
Doha, Qatar – 2 February 2020: Barwa Bank has kicked off 2020 with an exciting promotion on their personal finance product by offering a cash reward to all new and existing customers.
Customers applying for a personal finance will enjoy up to a 2% cash reward on their requested amount. Moreover, they can also get a credit card issued against the balance.
The unique proposition provides unrivalled features and benefits to customers such as a grace period of up to 6 months on the first installment. The cash reward can be credited into the customer account on a monthly basis.
Barwa Bank offers a range of personal, home and vehicle financing solutions that answer customers’ evolving demands.
Grant Thornton Qatar signs first-time MoU with Oxford Business Group
Doha, January 23, 2020: Qatar’s efforts to broaden its revenue base by introducing extensive changes to the national tax framework will be explored in a forthcoming report by the global research and advisory firm Oxford Business Group (OBG).
Marking OBG’s 15th year of operations in the country, The Report: Qatar 2020 will shine a spotlight on the General Tax Authority (GTA), which is tasked with implementing all legislation governing tax and improving compliance, assessing its progress to date.
The report will also examine how the introduction of an excise tax on items such as tobacco, alcohol and energy drinks has affected importers, manufacturers and traders of these and other special purpose goods, one year on from its ......read more
Doha, 20 January 2020: Qatar Insurance, the leading insurer in the Middle East and North Africa region has been recognized as the “Best Personal Insurance Company MENA 2019” at the Global Banking & Finance Review Awards conducted by the Global Banking & Finance review magazine. The award reflects innovation, achievement, strategy, progressive and inspirational changes that have taken place within the Global Financial community.
Many institutions including those from the Banking, Foreign Exchange, Insurance, Hedge Funds, Pension Funds, Compliance, Corporate Governance, Brokerage & Exchanges, Project Finance, Binary Options, Investment Management, Technology, Asset & Wealth Management, Islamic Finance, Exchange Traded Funds, Real Estate, Corporate Social Responsibility and other areas ......read more
Doha, 13 January 2020: QIC, the leading insurer in the MENA region has announced the appointment of Mr. Salem Khalaf Al Mannai as the Group CEO of Qatar Insurance Group. Salem has been instrumental in bringing innovative solutions to cement QIC Group’s position as a pioneer in the insurance industry arena, both in the MENA region and across international markets.
A postgraduate from the University of South Wales in the UK, Salem Al Mannai has held various key positions within Qatar Insurance Group, the most recent being the Deputy President & CEO of the Group. He started his career in the retail department of QIC in 2001. Subsequently, Salem was appointed as the Head of Energy, Marine and Cargo Insurance. In 2013, Mr. Mannai assumed the responsibility of the Deputy CEO of QLM. In 2015, Salem was appointed as ......read more
Expansion of Al Meera Sealine Branch now completed
Doha-Qatar – 08 January 2020: Al Meera Consumer Goods Company (Q.P.S.C) has announced the opening of its latest location in Rawdat Al Hamama, marking an important mileston in the developing locality and bringing the total number of stores in Qatar to 53. Al Meera also announced that as part of its expansion ......read more
Doha, Qatar - January 08, 2020: Qatar Insurance Company, the flagship insurer in the MENA region is sponsoring the Katara International Exhibition for Kahraman. Commencing from 8 January, the Katara International Exhibition for Kahraman will display rare and expensive beads made of authentic Kahraman (Amber) from around the world.
A first of its kind, the exhibition ......read more
Doha- Qatar, January 06, 2020 - Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 20 January 2020 to approve and disclose year-end 2019 results.
Eco Friendly, Accessible and Reliable to take visitors all around the downtown district
Qatar, January 02, 2020: Msheireb Properties, the national real estate developer and subsidiary of Qatar Foundation, announced yesterday the launch of the much anticipated Msheireb Tram. The new Tramway connects all Downtown Doha, the world’s smartest and most sustainable city ......read more
Doha, Qatar, 23 December 2019: Al Khaliji Commercial Bank P.Q.S.C. (al khaliji), Qatar’s next generation bank, is proud to be collaborating with the Qatar Autism Society (QAS) to help it sustain its mission of providing aid to persons impacted by autism.
The donation was announced at a visit by al khaliji to QAS and was delivered by Hassan al Jaidah, Head of ......read more
Doha, 23 Dec 2019: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the QND celebration at the Katara Cultural Village. Hosted at the Cultural Village the National Day celebration boasted of a lineup of various activities and events that highlighted Qatar’s rich culture and heritage.
Qatar Insurance ......read more
December 23, 2019: Qatar Post has issued a set of two stamps to mark the 2019 FIFA Club World Cup, which was successfully held for the first time in Qatar from 11-21 December 2019.
The stamps are meant to document the sporting journey of Qatar, which is renowned for hosting major global sporting events; they bear the tournament’s trophy evoking the spirit of ......read more
Doha, Qatar – 21 December 2019: 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 Salahuldeen Mostafa and Shamim Bhuiyan each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari ......read more
Doha, Qatar, December 16, 2019: In keeping with Qatar’s national spirit of constant ambition and growth, Alfardan Group organized a Qatar National Day celebration for all its employees that match in scale the Group’s name as one of the largest business conglomerates in the region.
The Grand Ballroom of The St. Regis Doha, the finest address in Qatar, saw beautiful ......read more
Doha, 9 December 2019: Qatar Insurance Group - the leading insurer in the MENA recently held a blood donation campaign at QIC Headquarters in West Bay. The campaign was organized in collaboration with Hamad Medical Corporation (HMC) Blood Donation Unit. HMC mobilized its blood donation bus along with its medical unit to assist in the successful completion of the blood donation ......read more
Under the Patronage of H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani,
Prime Minister and Minister of Interior, State of Qatar
Co-Hosted with Qatar Central Bank, the Euromoney Qatar Conference opened with discussions around the future of Qatar’s economy.
Doha, Qatar – 08 December 2019: Investment professionals, financiers and economists ......read more
Al Meera launches an initiative in support of local entrepreneurs
Doha-Qatar – 28 November 2019: In line with its continued support to local entrepreneurs, Al Meera Consumer Goods Company (Q.P.S.C) organized an event for Qatari Small and Medium-sized Enterprises (SMEs) to showcase their products to the supermarket chain and offer them the opportunity to compete ......read more
Doha - 25, Nov 2019: QIC Insured, the personal insurance division of Qatar Insurance Company, the leading insurer in the MENA has collaborated with Careem to provide 30% discount on all Careem services. Exclusive to customers buying or renewing comprehensive car insurance from QIC Insured, they can now take advantage of a flat 30% discount on all Careem services, such as Careem GO, ......read more
Doha – Qatar, 25 November 2019: Grey Doha full-fledged agency for Public Relations and Advertising proved once again its commitment to creating famously effective work by leading communication strategies and impactful campaigns for its local, regional and international brands.
Last week, Grey Doha grabbed triple honors at the Middle East Public Relations ......read more
In collaboration with VCU arts and to develop Entrepreneurship Talent
Doha, Qatar – 24 Nov 2019: Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), the joint initiative by Qatar Development Bank and Silatech, has introduced a new program revolving around Entrepreneurship Talent Development. Conducted in collaboration with VCUarts, the program ......read more
Doha, Qatar 18 November 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announces that Fitch Ratings has affirmed its long-term issuer default rating (IDR) as 'A' with a "stable" outlook.
Fitch defines those entities within 'A' rating as exhibiting “high credit quality and low default risk”. The bank's short term IDR rating has ......read more
Doha, Qatar: November 17 2019: Qatar Finance and Business Academy’s leading professional development and qatarization program Kawader, launched its Applied Learning phase where 28 members of eth Kawader 2018-2019 Cohort, started their training at leading partners and international financial institutions and firms, such as Qatar Financial Center Regulatory ......read more
The Fifth Edition of Rowad Conference Drew a Large Number of Participants as well as a Host of Valuable Workshops and Interactive Talks and Discussions
Doha, Qatar – 16 November 2019: Qatar Development Bank (QDB) wrapped up Qatar Entrepreneurship Conference 2019 (Rowad Conference 2019), which was held on November 12, 13 and 14 at the Doha Exhibition and Convention ......read more
Four winners were honored during the launch of Qatar Entrepreneurship Conference in its fifth edition
Doha, Qatar - 12 November 2019 - Qatar Development Bank (QDB) announced yesterday winners of the second edition of Qatar Entrepreneurship Award ‘Rowad Award 2019’, held under the patronage of His Highness Sheikh Tamim bin Hamad Al-Thani, the Amir of the state of ......read more
Doha, Qatar, 06 November 2019: al Khaliji Commercial Bank P.Q.S.C (al khaliji), Qatar’s next generation bank, sponsored the Asia Pacific Management Accounting Association Conference (APMAA) 2019 hosted by Qatar University, from November 2nd to November 5th, 2019. The conference brings together distinguished scientists, researchers, and economists from 36 countries under the ......read more
Doha, 4 Nov 2019: Qatar Insurance Company, the leading insurer in the Middle East and North Africa region is once again recognized as the “Top Investment House” during a survey conducted by The Asset magazine in collaboration with Benchmark Research. The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) based on the number of ......read more
QIC Group reports net profit growth of 6% to QAR 500 million for the first nine months of 2019
Doha, 29 October 2019 - Qatar Insurance Group, the leading insurer in Qatar and the Middle East North African (MENA) region yesterday announced its financial results for the first nine months ended September 30, 2019. Following a meeting of the Board of Directors, which was presided ......read more
Doha, Qatar – October 09, 2019 – As Qatar’s leading Managed IT, Colocation and Cloud services provider, MEEZA demonstrates its specialist knowledge at QITCOM 2019 - the prestigious and largest digital networking event hosted at Qatar National Convention Center from 29 October until 1 November. Acting as Pearl Sponsor to this year’s fifth edition, it will reveal expertise ......read more
Doha, 26 October 2019: Qatar Finance and Business Academy (QFBA) has announced the successful completion of its series titled “Coffee with the CEO”, a part of its Kawader program for professional development. The series aimed to enage young Qatari professionals in open dialogue with leading CEOs from across the financial services sector in Qatar, within a casual and ......read more
Doha, 23 October, 2019: The Extraordinary General Assembly of Qatar Insurance Company was held yesterday under the chairmanship of H.E. Abdulla bin Khalifa Al Attiyah, Deputy Chairman of the Board of Directors. The assembly approved the proposed amendment of three Articles of the company's Articles of Association to be as follows:
Article (6): “All shares of the ......read more