Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
Dukhan Bank announces the June draw winners of its Thara'a savings account prize

Doha, Qatar – 12 June 2021 – 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 Ameera  Al-Saadi and Ahmed Al-Kaabi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Ossama Eliwa, A.Aziz  Fakhroo, Nojoud   Al-Jaber, Mohamed Elserhy, Khalifa Al-Abdulla, Dhabya Al-Mannai, Humood Al-Shamari, Hamad Al-Marri, Fatima Abdulla, Eman Shreiteh, Jamal Al-Baker, Prem Kasilingam, Ahmad   Elatrash, Mohammad Qusad, Ricci Morales, Hasina Al-Ali, Naeema Alansari, Ahmed   Yacoub, Zaid Hasan, Hadeel Alfaour, Sara Almaraghi, Rula Kamel and Inam Alalami, Noora Al-Najar, Hamad Al-Joof, ......read more

MEEZA Attains for its First time 4 Microsoft Gold Certifications

Doha, Qatar –12 June 2021 – MEEZA, Qatar’s pioneering Managed IT services and solutions provider, has been awarded 4 Gold certifications in the domains of Cloud Platform, Application Development, Application integration and Data Centre offerings hence achieving the Gold Partner status by Microsoft. The enhanced partnership status recognizes MEEZA’s outstanding efforts in bringing to market best-of-breed skills and services as it aligns closely with its top-tier strategic partners across its vast ecosystem. Furthermore, such an achievement validates MEEZA’s continued support for the Government’s “Cloud First” directives and once again positions MEEZA as one of the most mature Cloud partners, across the region, for clients ready to be digitally transformed and make the journey into Cloud ......read more

QIB and Mastercard Announce Cards Summer Campaign

Doha, Qatar - 12 June 2021:  Qatar Islamic Bank (QIB) has partnered with Mastercard to launch the 2021 edition of its annual ‘Cards Summer Spends’ promotion for Mastercard Credit and Debit cardholders.  Customers who will use their QIB Mastercard Debit Card internationally or Mastercard Credit Card locally or internationally between 1st June and 31st August 2021 will automatically qualify to win prizes up to QAR 100,000.  For every QAR 5,000 weekly spend, customers will receive one entry into the weekly draw throughout the period of the promotion. Over the course of the ‘Cards Summer Spends' promotion, QIB and Mastercard will award a total of 13 lucky winners with QAR 25,000 in cash prizes with one winner each week.  For every QAR 25,000 spend during the duration of the campaign, ......read more

Qatar Viewpoint: Back to (Gas) Basics

June 10, 2021:   Macro: Back to (gas) basics Qatar's renewed Liquefied Natural Gas (LNG) expansion plans could have important economic and market implications over the medium-term. Qatar Petroleum (QP) is planning to increase LNG production capacity in 2027 by 63% to 126mtpa. We estimate the economy could now double in size, with nominal GDP reaching cUS$300bn by 2027. This is likely to boost sovereign creditworthiness, economic activity and twin surpluses. Still, the growth model post-2027 is unclear without reforms. Qatar - GCC macro ties not yet warming up The resolution of the Qatar-Gulf Cooperation Council (GCC) rift is unlikely to lead to major macro gains, in our view. Underlying policy orientations and differences between Qatar and the Quartet are likely to remain in place. Economic links are likely to be ......read more

Bassel Gamal, QIB's Group CEO, Reveals What He Believes Is Islamic Banking's Biggest Challenge

Group CEO of Qatar Islamic Bank, Bassel Gamal Mr. Bassel Gamal, QIB’s Group CEO, gave an interview to Forbes Middle East magazine. Featured on the cover page, where he shed light on QIB’s development and growth achieved despite the COVID-19 challenges. He stated that the great success the Bank has achieved on the level of digitizing its products and services was only realized thanks to the complete dedication of the Bank’s employees and to the continuous support of the Board of Directors. Below is Forbes interview: Globally, the $2.2 trillion Islamic banking industry seems to be facing up to economic challenges, with S&P Global Ratings predicting that it could grow 12% in the next two years. However, Bassel Gamal, Group CEO of the Qatar Islamic Bank (QIB), believes it must still fight a key ......read more

Snoonu Launches a ‘No Riders Under the Sun' Initiative to Protect its Drivers from the Summer Heat

Starting from mid-May, Snoonu has halted deliveries via their vast fleet of motorbikes during the day, transitioning exclusively to car deliveries for the summer season  08 June 2021 – Doha, Qatar:  Qatar’s leading tech startup, Snoonu, is pleased to announce the launch of its ‘No Riders Under the Sun’ initiative, aimed at preserving the health and wellbeing of its employees during the hottest summer months in Qatar.  Since mid-May, deliveries between 10am and 5pm are being completed exclusively via Snoonu cars to protect drivers from the harsh elements of the sun and heat and to ensure that humane working conditions are maintained for all employees. The company is aiming to continue this initiative until the end of the summer season. Hamad Al Hajri, Snoonu co-founder and CEO, said: ......read more

QIB Awarded Islamic Bank of the Year in Qatar and the UK

At The Banker Magazine’s “Islamic Bank of the Year 2021” Awards Doha, Qatar – 5 June 2021: Qatar Islamic Bank (QIB) has received the prestigious ‘Islamic Bank of the Year in Qatar’ for the 9th consecutive year, and ‘Islamic Bank of the Year in The United Kingdom’ at The Banker Magazine’s Islamic Bank of the Year 2021 Awards. The two prestigious titles were awarded to QIB Qatar and QIB UK respectively, in recognition of their outstanding performance through 2020, and their success in outperforming the competition in terms of financial performance, digitization of banking products, and innovation in the world of Sharia-compliant banking in both Qatar and the UK. Established in 1926, The Banker Magazine is read by senior decision makers at the world’s foremost ......read more

Snoonu Joins Qatari Delegation at Saint-Petersburg Economic Forum

Between 2-5 June, Snoonu will take part in this unique event bringing together world political and economic leaders since 1997 This year, Qatar joins the Forum as the official Guest Country with the third-largest delegation in the history of the forum  Snoonu will take part in the forum alongside nine other handpicked SMEs selected to accompany Qatar Development Bank at the Forum 5 June 2021 – Doha, Qatar: Doha-based e-commerce startup, Snoonu, is pleased to announce its participation in the Saint-Petersburg Economic Forum (SPIEF), a prestigious platform for a multi-level dialogue between political and business leaders held each year under the auspices of the President of the Russian Federation. Snoonu co-founder and CEO Hamad Al Hajri and CMO Sabina Abuova will represent Snoonu at SPIEF that has honoured the ......read more

MEEZA Achieves Cisco Gold Service Integrator and Gold Service Provider Certificate, a first-time Standard in the State of Qatar

June 05, 2021:  MEEZA announced the achievement of multiple Cisco Gold partnership levels, including for the first time in the state of Qatar the Gold Service Provider and Service Integrator certificates. With such achievements, MEEZA continues to expand its role as a trusted advisor and a digital transformation partner for our clients who look to Cisco advanced solutions for an unmatched digital experience. The Cisco Integrator program acknowledges MEEZA’s leadership and investments into all areas of Cloud, Networking and Security. MEEZA has been keen on expanding its tier-1 partnership ecosystem to combine the power and value of its Qatar-based operations and assets with the likes of Cisco solutions to create and deliver value-add Managed Service offerings to our customers based on their tailormade requirements. By ......read more

Poster on National Address Query

Qatar, May 31, 2021:  The company owners and representatives can track their staff's national address registration through the Metrash2 app or Mol website www.moi.gov.qa

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Qatar FinTech Hub, a QDB Incubator, Ranks 2nd Largest FinTech Investor in the Region by MAGNiTT's MENA Fintech Venture Investment Report

Doha, Qatar – 31 May 2021: Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB), to support the growth of the FinTech industry in Qatar, was ranked as the second top investor in FinTechs across the MENA region in the first quarter of 2021 by startups research and intelligence firm, MAGNiTT. The MENA Fintech Venture Report is one of MAGNiTT's flagship industry reports. It takes a comprehensive look at the sector’s quarterly performance within the venture capital and startup ecosystems in the MENA region. The report aggregates and analyses tech startup investments in 17 countries, including Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Syria, Tunisia, United Arab Emirates, and Yemen. Commenting on QFTH’s newest ranking, Mr. ......read more

QIB Customers Can Now Redeem Absher Points for QIB Gift Cards through QIB Mobile App

Doha, Qatar – 30 May 2021: Qatar Islamic Bank (QIB) has announced a new update to its Absher Rewards Program, adding the option for customers to redeem their Absher points in real-time against QIB Hadiyati Gift Prepaid Cards with a credit from QAR 200 to QAR 5,000. The Hadiyati Card is an ideal way to gift, reward or show you care to your loved ones with the Gift amount you want instead of cash, on special occasions and festive celebrations. The Hadiyati Card is also an effective and secure gift option for corporations as it can be used as a mean to provide company rewards to employees on special occasions. QIB’s Hadiyati Cards offer the flexibility to pre-load any value from QAR 200 up to QAR 5,000 for each card. Cardholders can use their cards while shopping at all point of sales machines (PoS) both locally and ......read more

Moody's Re-Affirms QIB's A1 Rating with Stable Outlook

30, May 2021 - Doha, Qatar:  Moody’s Investors Service (Moody’s) has reconfirmed the long-term deposit rating of Qatar Islamic Bank (QIB) at A1, with a stable outlook.   Moody’s said in its Credit Opinion Report that QIB’s assigned rating reflects the bank's strong asset quality, strong and stable profitability, adequate capital and liquidity buffers, supported by its established and growing Islamic banking franchise and exceptional cost efficiency, adding that QIB’s stable outlook also takes into account the stable outlook on the Qatari government's bond rating of Aa3.   On the Bank’s profitability, Moody’s said that “QIB has consistently reported strong and broadly stable profitability. This performance is supported by the strong financing ......read more

Qatar – Increased Focus on Gas - BofA

Qatar in Focus Increased focus on gas May 30, 2021:  Qatar's conservative 2021 budget and robust policy response to the Covid crisis support a cyclical recovery. The resolution of the Qatar-Gulf Cooperation Council (GCC) rift is unlikely to lead to major macro gains, in our view. Qatar could become the swing Liquefied Natural Gas (LNG) producer going forward, with market share focus and more flexible pricing. We expect its LNG expansion plans to boost real GDP growth and fiscal surpluses to high-single digits and mid-single digits on average over 2021-27. This is likely to underpin sovereign creditworthiness, but the growth model post-2027 is unclear.    

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Can Alternative Segments Reboot Gulf Tourism's Covid-19 Recovery?

– Saudi Arabia’s Red Sea tourism project secures green financing – The Gulf region looks to eco-tourism initiatives such as glamping – The UAE is at the forefront of new approaches to tourism – Digital nomads and “long stay travel” constitute an emerging trend With Saudi Arabia's flagship Red Sea tourism project securing $3.8bn in green financing, various governments in the Gulf region are looking to new, alternative tourism models to drive the coronavirus recoveries in this important sector, with an emphasis on ecological options and staycations. Both in order to reboot its tourism industry and as part of its drive to diversify the economy away from hydrocarbons, Saudi Arabia is developing several major ecological tourism projects. In April the Red Sea Development Company – ......read more

QIB Recognized for Its Outstanding Innovations at the Global Finance 2021 Innovators Awards

QIB’s Domestic Workers Digital Accounts and Integrated Services on POS for Corporate and SMEs ranked amongst top innovations in Islamic Finance this year Doha, Qatar – 23 May 2021: Qatar Islamic Bank (QIB) was again crowned for revolutionizing the banking sector in Qatar and the global Islamic Banking industry with the introduction of innovative digital banking solutions for both retail and corporate customers. The Bank was awarded two prestigious accolades at Global Finance’s 2021 Innovators Awards, with both QIB’s Domestic Workers Digital Accounts and Integrated Services on PoS for Corporate and SME Customers winning ‘Outstanding Innovations in Islamic Finance’. In its ninth annual selection for The Innovators - the unique recognition program that honors entities that regularly identify ......read more

Snoonu Completes its Charitable Al-Quds Campaign in Partnership with Qatar Red Crescent

Between May 11th and May 18th, Snoonu contributed 1 QR from each order on the Snoonu App to Qatar Red Crescent Al Quds programme to support hospitals in Jerusalem. 22, May 2021 – Doha, Qatar:  Doha-based e-commerce startup, Snoonu, is pleased to announce that it completed its corporate social responsibility (CSR) initiative in collaboration with Qatar Red Crescent (QRC), hosted from 11th to the 18th of May to support building hospitals in Jerusalem, as part of QRC’s Al-Quds humanitarian campaign. Through this initiative, Snoonu aims to improve access to healthcare for Palestinians and raise awareness about illegal humanitarian violations, forced expulsion and other oppressive practices endured by the Palestinian people. Co-founder and CEO of Snoonu, Hamad Al Hajri commented saying: “As the violence ......read more

World Expert in Entrepreneurial Leadership, Diversity and Inclusion Joins HEC Paris in Qatar

Shaheena Janjuha-Jivraj is a prolific researcher, author and advisor to business and governments. Her appointment as Associate Professor forms part of HEC Paris’ efforts to strengthen offerings in entrepreneurship and leadership and to provide programs focusing on women and leadership across all sectors.   20 May 2021:  Leading expert in entrepreneurial leadership, Dr. Shaheena Janjuha-Jivraj, has joined HEC Paris faculty in Qatar this semester. Her appointment as Associate Professor is set to accelerate world-class research and teaching in the areas of innovation, entrepreneurship and leadership with a particular focus on diversity at the Doha-based campus.  A prolific researcher, author and speaker, Dr. Janjuha-Jivraj was Associate Professor of Entrepreneurial Leadership at Henley Business School, and ......read more

Dukhan Bank First Bank to Offer Its Customers the Opportunity to Manage Their Stocks With the Group Using Its Mobile Banking Application

• Partnership with The Group Securities  • Instant transfers via bank platforms   Doha, Qatar – May 10, 2021: With a keenness to continuously enhance services through its mobile application, Dukhan Bank, Qatar's leading banking player, is the first player in the industry to integrate with a trading service that will be offered on its mobile application. This lies within the bank’s endeavours to match its customers’ demands for online trading services.   The trading service is powered by The Group Securities (Licensed by the Qatar Financial Markets Authority), Qatar-based online trading platform, which allows customers to view real-time market data, place buy and sell stocks with a few taps, evaluate their portfolio, and analyse market at their fingertips and with utmost ......read more

Al Meera Acquires Two Properties for New Community Malls in Lusail

Doha-Qatar – 09 May 2021: Al Meera Consumer Goods Company (Q.P.S.C.) has announced its acquisition of two properties from Qatari Diar where the retailer has set sights to launch Al Meera lifestyle community malls. The properties, located in Lusail’s Fox Hills District and North Residential Villas District, will serve the surrounding neighbourhoods and visitors to Lusail   thus, adding to Al Meera’s extensive network of 59 branches across the State of Qatar. This move comes in line with Al Meera’s ambitious expansion strategy which aims to bring the retailer’s exceptional services to localities around the country. Plans are underway to launch operations at the Fox Hills District branch this year while operations for the North Residential Villas District will commence the following ......read more

Paving the Way to Conversational Banking QIB, The First Bank in Qatar, to Launch Ai Virtual Assistant “Zaki”

Doha, Qatar – 4, May 2021: Qatar Islamic Bank (QIB) is the first bank in Qatar to launch a conversational virtual assistant armed with proprietary artificial intelligence and machine learning algorithms. ’Zaki’, meaning smart, is an additional communication channel for QIB website visitors to interact with the bank. The newly launched chatbot service is part of QIB’s ongoing efforts to provide innovative digital solutions to empower its customers and meet their ever-changing banking needs. The virtual Ai assistant, Zaki, is designed to provide relevant and contextual responses to QIB existing and new customers’ queries in a more convenient and instant manner. Developed with customers’ daily banking requirements in mind, Zaki will allow customers to interact with the bank 24/7, and receive ......read more

Hakkasan Group Bolsters Global Culinary Influence With Announcing Latest Hakkasan Restaurant Locations in Istanbul and Bodrum, Turkey

Continued partnership with Alfardan Group and Astas Holding to usher in 11th and 12th Hakkasan locations worldwide    Doha, Qatar, May 3, 2021 – Building upon the recent momentum from expansion announcements in late 2020, global hospitality company Hakkasan Group reveals further growth with its flagship Hakkasan brand with the announcement of two new locations in Turkey. These new restaurant venues are in partnership with Alfardan Group, a leading hospitality and development company with a strong presence throughout the region and Astas Holding an exclusive lifestyle developer in Turkey. This further collaboration will launch the first Hakkasan to open within Mandarin Oriental Bodrum, currently scheduled to open summer of 2021. Then to follow shortly thereafter, Hakkasan in Mandarin Oriental Bosphorus slated to ......read more

Dukhan Bank Acheives a Profit Growth of 10% to Reach QAR 267 Million for the First Quarter of 2021 Total Assets Exceed the QAR 100 Billion Mark

May 03, 2021:  Dukhan Bank announced the financial results for the first quarter of 2021, which has resulted in recording of QAR 267 million net profit, thus implying a 10.3% robust growth compared to the first quarter of 2020.   The total assets of the bank, supported by financing activities, increased as well significantly to QAR 100.4 billion, accomplishing a growth of 29.7% compared to the same period in 2020 and of 16.3% compared to December 2020. The total financing assets reached QAR 75 billion, achieving a growth of 38.3% compared to March 2020 and resulting in an increase of 28.0% compared to December 2020. Customer deposits balance raised to QAR 68.3 billion, recording a strong growth of 54.6% compared to March 2020 and an increase of 26.9% compared to December 2020.   The total income for the ......read more

Burj Alfardan Wins ‘Best International Commercial High-Rise Development'

Doha, Qatar 02 May 2021– Burj Alfardan, located in Lusail smart city’s most coveted Marina District, has been awarded the title of ‘Best International Commercial High-Rise Development’ at the 2020 International Property Awards for its outstanding architectural design, development, and sustainability aspects.  The building’s state-of-the-art design is credited to Qatari architectural pioneering company, the Arab Engineering Bureau (AEB) which has received several international awards for their remarkable designs.  The International Property Awards celebrate the highest levels of achievement by companies operating in all sectors of the property and real estate industry. They are open to residential and commercial properties and professionals from around the globe. The title gives ......read more

Dukhan Bank Wins Two Awards from the World Economic Magazine for its Innovative and Outstanding Banking Services

• Best Corporate Digital Services Qatar 2021  • Best New Contactless Payment Platform Qatar 2021    Doha, Qatar – May 02, 2021 – Dukhan Bank have been recognised by the World Economic Magazine under two categories, the Best Corporate Digital Services in Qatar 2021 and the Best New Contactless Payment Platform for (D-Pay).    The World Economic Magazine aims to acknowledge the spirit of industry disruptors across the global financial marketplace by recognizing businesses and thought leaders in today’s ‘innovation economy’.     The awards highlight the digital forward banking services that have been spearheaded by Dukhan Bank over the last year. A robust digital transformation remains underway with plans to advance its technological ......read more

QIB Named Qatar's ‘Digital Bank of The Year' and Awarded ‘Best Retail Mobile Banking Experience' by The Asset Magazine

Doha, Qatar –2 May 2021: Qatar Islamic Bank (QIB) was recognized as the ‘Digital Bank of the Year’ and ‘Best Retail Mobile Banking Experience’ in Qatar at The Asset Triple A Magazine’s Digital Awards 2021. This recognition reflects QIB’s success in maintaining its leadership in digital banking in Qatar, allowing its customers to fulfill their banking needs remotely via the Bank’s innovative digital channels and services. The Award recognition took place via a virtual ceremony on Wednesday 28 April, 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. Mr. Dinos Constantinides said: “QIB continuous to revolutionize the digital banking scene in ......read more

QRCS, Qatar Post Sign Pact to Cooperate for Social Good

May 02, 2021 ― Doha:  Qatar Red Crescent Society (QRCS) and Qatar Postal Services Company (Qatar Post) signed today an agreement to enhance their cooperation in making use of each party’s practical experience and resources towards the deployment of effective and sustainable humanitarian response. The pact was signed by Ali bin Hassan Al-Hammadi, Secretary-General of QRCS, and Faleh al-Naemi, Chairman and Managing Director of Qatar Post. Mr. Al-Hammadi commended the strong relations with Qatar Post: “This partnership is not something new; we have worked together in the past. And today, we are reviving it to build on its positive outcomes for our humanitarian action, in the best interest of the public and further development under Qatar National Vision 2030”. “This agreement is part of ......read more

Al Khaliji Donates to Qatar Society for Rehabilitation of Special Needs

Doha, Qatar, 28 April 2021 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, has announced, in the spirit of the holy month of Ramadan, a donation to the Qatar Society for Rehabilitation of Special Needs, represented by Mr. Talib Afifa, Member of the Board of Directors, This comes as part of the bank’s corporate social responsibility programme and a longstanding commitment to persons of special needs. The Qatar Society for Rehabilitation of Special Needs is a non-profit organisation which aims at the social, mental, academic, and healthy rehabilitation of people with special needs in a way that is commensurate with the Islamic principles, traditions, customs, and peculiarities of the Qatari society. The Society provides care to all residents of the State of Qatar in an equal manner ......read more

Namaa Doha Real Estate Announces the Selling of all the First Phase Villas at Giardino Village at The Pearl – Qatar

Doha, Qatar 28, April 2021:  Namaa Doha Real Estate has announced the selling of all the high-end villas project of phase one at Giardino Village – The Pearl, the handover being expected in Q3 2022. The project has seen a positive investor response with 41 villas being sold. Located in the most coveted neighbourhood of The Pearl – Qatar, the project at Giardino Village consists of 49 standalone villas. Each villa comprises of two levels, a basement, and a penthouse in addition to a private pool and parking spaces for three cars. Abdulaziz Muhammed Hamad Al Mana, Namaa Doha Real Estate CEO, commented: “We are pleased to announce that we have completed the selling of the first phase of the most-anticipated villas at Giardino Village which consists of 20 villas. The project has seen an extremely positive ......read more

QIB Board of Directors is Recommending the Approval of the Amendment of the Articles of Association to Increase the Percentage of Non-Qatari Ownership to 100%

Doha, Qatar – 26 April 2021: Qatar Islamic Bank (QIB) Board of Directors has recommended the approval of the amendment of the Articles of Association to increase the percentage of non-Qatari ownership to 100% subject to the approval of the concerned official and regulatory authorities and the bank’s Extra-Ordinary General Assembly in a date to be decided for the meeting.

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QLM Delivers Strong First Quarter 2021 Results

Doha, Qatar, 26 April 2021:  Qatar’s leading life and medical insurer, QLM Life & Medical Insurance Company QPSC (QSE: QLMI), today reported strong first quarter 2021 results.  Net profit for first quarter 2021 was QAR 25.1 million or QAR 0.07 per share, compared with QAR 15.0 million, or QAR 0.04 per share, for first quarter 2020, representing a robust growth of 67%. “Today, Qatar, the MENA region and the rest of the world are continuing to face the COVID-19 health crisis, and QLM is aware of the many challenges that our clients, members, and communities are tackling.  QLM remains fully prepared to continue to meet the needs of our customers, members and partners during these challenging times,” said Sheikh Saoud bin Khalid bin Hamad Al-Thani, the Chairman of QLM.  Our Q1 2021 results are ......read more

QIB Launches Exclusive Auto Finance Promotion

Doha, Qatar – 26 April 2021: Qatar Islamic Bank (QIB) has announced the launch of its Auto Finance promotion during the holy month of Ramadan, to meet the growing needs of its customers. The new promotion is part of the bank’s commitment to reward new and existing loyal customers who apply for car finance, by offering them a number of benefits. Along with quick approvals and low reducing profit rates at 3.50% p.a. (1.83% flat), the Auto Finance offer will provide new and existing QIB customers attractive rates on their Auto Takaful policy, with a 1.90 % exclusive rate, as well as a 6 months’ grace period from the finance tenure, for both Qatari nationals and expats. QIB has partnered with a variety of automotive dealers and brands to offer special financing deals on new vehicles during Ramadan. Customers will be ......read more

Dukhan Bank Ties Up with Talabat to Offer customers 30% Off on Orders

Doha, Qatar – 21 April 2021:  Dukhan Bank, Qatar's leading banking player, has announced the launch of its latest collaboration with the food delivery and Q-commerce platform, talabat. In the spirit of the holy month of Ramadan, credit card holders at Dukhan Bank can avail 30% off on orders placed through the app. Through talabat, Dukhan Bank users will be able to shop across multiple verticals such as food, groceries, pharmacies and miscellaneous products.  Through this partnership, credit card holders at Dukhan Bank will be able to redeem 30% off on any order they place on the talabat platform. The promotion is valid until the end of the month of Ramadan, and customers will have the opportunity to use the offer twice during the course of the promotion for a maximum discount of QAR 30 per order. Moreover, ......read more

QIB Partners with Further Fashion and Entertainment Brands Enhancing Customers' Absher Points Redemption Options

Doha, Qatar – 15, April 2021:  Qatar Islamic Bank (QIB) has announced further enhancements to its Absher Rewards Program, adding global and regional favorite Fashion and Entertainment brands to the program’s extensive list of redemption partners. With this new upgrade, QIB customers can also use their Absher points to get e-vouchers valid as payment methods at all Go Sport, Virgin Megastore, Joyalukkas, Toys R Us and VOX Cinemas outlets in Qatar. The redemption process only takes a few clicks, and can be done easily, 24/7 and from anywhere via the QIB Mobile App or the dedicated Absher web portal (absher.qib.com.qa). After logging in, customers can tap on “redeem partners”, and then select their favorite redemption partner to access the dedicated redemption page for the brand of their choice, ......read more

Snoonu Raises $5 Million, The Largest Funding Secured to Date for a Qatar-Based Startup

Completing its Series A investment round, the fastest-growing company in Qatar has raised funds from multiple investors, as well as from strategic partner, Qatar Development Bank Funds will be utilized to support Snoonu expand its operations across the region 13, April 2021 – Doha, Qatar:  Doha-based e-commerce startup, Snoonu has raised $5 million in a Series A investment round led by its strategic partner, Qatar Development Bank (QDB) along with the participation from multiple investors. This investment is one of the largest Series A funding rounds closed by a Qatari startup and will enable Snoonu to rapidly expand its operations across the region. In line with Snoonu’s mission to diversify and enhance its offering to become a comprehensive services app, the newly raised funds will be utilized mostly in ......read more

QIB Announces Ramadan Working Hours While Encouraging Customers to Continue Using the QIB Digital Banking Channels to Fulfill Their Banking Needs Remotely

The QIB Mobile App and Corporate Internet Banking portal continue to offer the fastest, safest and most convenient ways to manage Individual & Corporate customers’ banking needs safely & remotely Doha, Qatar – 13, April 2021: On the occasion of the holy month of Ramadan, QIB wishes everyone a blessed month, and announces the working hours through for its operating branches. For the safety of both customers and employees, and in line with the recently-announced measures to limit the spread of COVID-19 in Qatar, QIB encourages customers to avoid crowded spaces and to continue using the Bank’s digital channels to fulfill their banking needs remotely, 24/7 and from anywhere. Only customers with urgent and non-digitally available requests will be admitted and serviced at the QIB branches. Starting from ......read more

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

Doha, Qatar –10 April 2021:  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 Shaikha Al-Mass and Abdulla Al-Kaabi each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Haya Alkuwari and Reda Mostafa. 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 42 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 draw for the cash ......read more

Capital Intelligence Reaffirms QIB's Long Term Rating at A+ with Stable Outlook

Doha, Qatar – 7 April 2021:  International credit rating agency Capital Intelligence (CI) has affirmed the Long-Term Foreign Currency and Short-Term Foreign Currency ratings of Qatar Islamic Bank (QIB) at ‘A+’ and ‘A1’ respectively, with a stable outlook. CI’s Credit Rating Report reaffirmed that QIB continues to enjoy a strong franchise and market position as the largest Islamic bank in Qatar, with good liquidity and funding profile. The report also stated that QIB continues to have robust capitalization in a well-capitalized Qatari banking system, in addition to having solid and stable asset quality with strong loss absorption capacity, and strong and consistent profitability. On QIB’s stable outlook, the report stated that CI does not consider a change in either rating likely in the ......read more

“Turkish Souq” Launched in Ankara with New Universal Look & Feel

Doha -  April 07, 2021:  The online shopping platform “Turkish Souq” was launched in Turkish capital Ankara today with a new universal look and feel in the context of efforts of enhancing trade cooperation between Ankara and Doha.   The event was attended by Chairman and Managing Director of Qatar Post Mr. Faleh al-Naemi, who represented the Ministry of Transport and Communications (MOTC) of Qatar, Turkish Minister of Transport and Infrastructure HE Mr. Adil Karaismailoğlu, Turkey Post PTT (Posta ve Telgraf Teşkilatı) Corporation Director-General Mr. Hakan Gülten.   During the trial launch, several online purchases were made through the platform from over 50 countries. Demand on the service is expected to grow from around the world during the coming weeks and as marketing ......read more

Dukhan Bank Offers QAR 20,000 Cash Reward on Personal Finance Applications

Doha, Qatar – 06 April 2021: Dukhan Bank, Qatar's leading banking player, has recently launched its personal finance campaign that offers the customers a cash reward of up to QAR 20,000 upon application. The offer will run until 17th May 2021. New and existing customers can apply for Dukhan Bank’s Personal Finance offering that has an application process and on the best competitive profit rate. To avail the cash reward, the minimum finance amount to be QAR 200,000. Cash reward to be credited on customer’s credit card. Commenting on the campaign, Dukhan Bank stated: “We are continuously seeking ways to expand our service offerings to our customers. Our personal finance campaign aims to drive value for our customers by offering a service that in turn rewards them. At Dukhan Bank, we are committed ......read more

Other Top Stories from Banking and Investments
 
QIB Customers Can Now Pay for Uber, Careem and Talabat Using Absher Rewards Points…

Doha, Qatar – 5 April 2021:  Qatar Islamic Bank (QIB) announced further enhancements to its comprehensive Absher Rewards Program, adding leading transportation and food delivery service provider in Qatar to its extensive network of Absher points’ redemption partners. With the new updates, QIB customers can now exchange their Absher points against e-vouchers  as payment ......read more

Namaa Doha Real Estate Breaks Ground at Giardino Village at The Pearl – Qatar Units Reservations ...…

Doha, Qatar 05 April 2021:  Namaa Doha Real Estate has broken ground at 49 high-end villas projects in Giardino Village – The Pearl. With construction progressing at a steady pace, completion for the project is scheduled for Q3 2022. The project offers promising investment opportunities at 49 standalone villas. Each villa comprises of two levels, a basement, and a penthouse in ......read more

QIB Rewards New and Existing Misk Account Holders with Bonus Absher Rewards Points…

Doha, Qatar – 3 April 2021:  Qatar Islamic Bank (QIB) has announced the launch of a new and limited offer for new and existing Misk savings account holders, allowing them to get bonus Absher Rewards Points on an exclusive basis. Running from now until 31 May 2021, all new Misk account holders with a minimum balance of QAR 50,000, or existing Misk account holders who increase their ......read more

Dukhan Bank Offers 50% Off on Home Finance Profit Rate…

Doha, Qatar – 03 April 2021:  Dukhan Bank, Qatar's leading banking player has announced the launch of its latest campaign on home financing.  New and existing customers can now benefit from the bank’s attractive home financing offer, which gives 50% off on the home finance profit rate for the first two years. Qualified applicants can avail the offer from 31st March to ......read more

Qatar Post Launch the Official Commemorative Qatari Stamp of the FIFA World Cup Qatar 2022™…

Doha-Qatar – 3 April 2021: Qatar Postal Services Company (Qatar Post)  has signed a licence agreement with FIFA, the international governing body of football, to be the provider of Qatar stamp issues for the FIFA World Cup 2022™ in Qatar.  Under the licence agreement Qatar Post will issue a programme of eleven stamp issues during 2021 to 2022, starting with the ......read more

Qatar FinTech Hub Announces Wave 2 of Its Flagship Incubator and Accelerator Programs…

22 FinTechs selected to take part in Wave 2 of the Incubator and Accelerator Programs to run from March until June 2021 The Qatar FinTech Hub programs are backed by Qatar’s financial ecosystem and developed by Qatar Development Bank in collaboration with a host of partners and stakeholders Doha, Qatar – 31 March 2021:  Qatar FinTech Hub (QFTH), co-founded by Qatar ......read more

Seib Insurance & Reinsurance Announces Winners for the Massiya Golf Tournament…

Doha-Qatar – 30, March 2021: Seib Insurance and Reinsurance Company has announced the winners of the prestigious Seib Al Massiya Golf Tournament that was held on the 19th of March 2021 at the Education City Golf Club.  The Seib Al Massiya Golf Tournament, organized at the Education City Golf Club, gathered the club’s members and golfers from around Doha in an engaging ......read more

Al Meera Consumer Goods Company (Q.P.S.C.) holds its Annual Ordinary General Assembly Meeting for ...…

Doha, Qatar – 29 March 2021: Al Meera Consumer Goods Company (Q.P.S.C.) held its Annual Ordinary General Assembly on Sunday, 28th March 2021 virtually 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 ......read more

Mastercard Recognizes QIB's Ooredoo Co-Branded Corporate Credit Cards…

27 March 2021 - Doha, Qatar:  Mastercard has recognized Qatar Islamic Bank (QIB) for the launch and outstanding performance of its Ooredoo Co-Branded Corporate Credit Cards, the first-of-their-kind corporate payment solutions in Qatar that have been designed to help large corporates and SMEs manage their business purchases and general expenses. Launched in partnership with Mastercard in ......read more

Dukhan Bank's Agm Approves 10% Cash Dividend for Shareholders…

A robust digital transformation and steady performance accompanied by positive financial results,   The bank approves issuance of Additional Tier1 Capital Sukuk with a maximum limit of QR 4.9 billion   • Unveiling the new identity and digital transformation are among the most prominent achievements of 2020 • A strong performance in total asset standing at QR 86 ......read more

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