Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
EY: Qatar Executives Bullish on Future Economic Growth

• Qatar Investment Outlook Pulse 2022 from EY shows strong sentiment from business leaders  • 82% expect the economic growth of the coming five years to meet or exceed forecasts • 60% of interviewed executives revealed positive yield returns in the past 12 months   Doha, Qatar – 30 November 2022: Executives in Qatar remain bullish about future prospects for the country, with around 82% expecting the economic growth of the coming five years to meet or exceed forecasts, according to the latest findings in the Qatar Investment Outlook Pulse 2022 from EY.   The report is based on extensive one-on-one discussions, from Q4 2021 to Q1 2022, with executive decision-makers across the largest businesses in Qatar.    The country’s GDP is expected to rise to QAR764 billion ......read more

Qatar Insurance Group Sponsors QFBA's “Kawader Malia” for Three Years

Doha, Sunday 27 November 2022 - Qatar Insurance Group (QIC), the leading insurer in Qatar and MENA region signed on Thursday, 17th November 2022 a Memorandum of Understanding (MoU) with Qatar Finance and Business Academy (QFBA).  The agreement outlines QIC’s contribution towards supporting QFBA’s ‘Kawader Malia’ Program for three years; an initiative designed to prepare future business leaders, and decision makers of Qatar’s financial and banking services sector by bridging the performance gap between “the academic and the professional” for fresh graduates of both genders within the spectrum of the financial industry.  The MoU, which was signed by QIC Group Acting Chief Administrative Officer, Mr. Rashid Al-Buainain and Director of Professional Training at QFBA, Mr. Majed ......read more

Ogilvy Celebrates a giant performance at this year's LIA's – Including awards for Global Network of the Year and Regional Network of the Year, Europe

November 23, 2022 — With 115 statues in total, including 3 Grand, Ogilvy earned the highly sought-after title of LIA Global Network of the Year. Three of the network’s regions were also awarded as Regional Network of the Year: Asia, South America and Europe.  Across EMEA, Ogilvy won 51 statues across six markets, with DAVID Madrid taking home the Regional Agency of the Year accolade. Impactful work from the region was championed with Golds being presented to campaigns for Dove’s ‘Toxic Influence’ and Relate’s ‘The Hornicultural Society’ by Ogilvy UK, Activision’s ‘Scratchboards’ and Burger King’s ‘Even more confusing times’ by DAVID Madrid. Further statues were won by Ogilvy Italy, Greece, Africa and South Africa.  Celebrating the success ......read more

QIB Continues to Reward Misk Account Holders for the 6th Consecutive Year with More Cash Prizes

QIB concludes the 5th edition of its Misk Account draw and announces the launch of a new edition with more prizes and opportunities to win  Doha, Qatar – 21 November 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced that it is continuing its Misk Account draw for the 6th consecutive year, with the largest value of prizes in Qatar, offering Misk Account holders additional cash prizes and opportunities to win. QIB’s Misk Account is a unique savings account that offers customers exceptional features and benefits and gives them the opportunity to win weekly and monthly prizes, as well as grand prizes quarterly. Like the regular savings account, customers have the freedom to deposit and withdraw money from the account at their convenience. To be eligible for the prizes, customers should ......read more

QIB, in Partnership with Visa, Breaks its First Guinness World Records™ title for Largest Soccer Ball Mosaic (Flag)

QIB has broken a Guinness World Records™ title for the largest soccer ball mosaic (flag) at Doha Festival City’s newly opened Arena Doha, Qatar – 19 November 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has set a new world record in building the largest soccer ball mosaic (flag), hosted at Doha Festival City’s newly opened Arena.  QIB celebrated the legacy of Qatar through setting a new Guinness World Records™ title on 19 November 2022. To celebrate Qatar’s greatest sporting event and the festivities at Doha Festival City, members, friends, and partners of QIB gathered to assemble the largest soccer ball mosaic (flag) in the world. The flag measures 11 meters in length and is 28 meters wide, made with more than 6,000 maroon and white soccer balls to reflect the colors ......read more

QIC Launches “Who'll Win?” Campaign

Participants can win daily cash and in-kind prizes by simply guessing the results of football games Prizes include daily iPhone 14 pro devices, QAR 1,000 daily cash prizes, fuel vouchers and much more one lucky participant will win a trip to the Maldives for two people inclusive of hotel bookings and flight tickets Doha, Qatar – 20 November 2022: Qatar Insurance Company (QIC), the largest insurance company in the MENA region, has announced the launch of its latest “Who’ll Win?” prizes campaign, in celebration of the ongoing international football season in Qatar. Running from 20 November until 18 December 2022, the campaign offers all citizens and residents of Qatar the opportunity to win a set of amazing prizes every day, including daily cash prizes and daily iPhone 14 pro devices, in addition ......read more

Qatar Islamic Bank and Visa to Sponsor Doha Festival City Arena, home to the Football Festivities at Doha Festival City

A special signing ceremony was held to announce the exclusive partnership agreement, commemorating the soon to open Arena at Doha Festival City Doha, Qatar – 15 November 2022: Doha Festival City, Qatar's one and only choice for shopping, dining, and entertainment announced today that it has signed a memorandum of understanding (MOU) with Qatar Islamic Bank (QIB), Qatar’s leading digital bank, and Visa as sponsors of the new Doha Festival City Arena. Available to mall visitors from the 20th of November until the 20th of December, Doha Festival City Arena marks the start of festivities to celebrate the much-awaited football event in Qatar. A special ceremony was held at Doha Festival City on 14th of November with the presence of representatives from Bawabat Al Shamal Real Estate Company (BASREC), the developer and ......read more

Qatar Insurance Group Sponsors the 2023 Samla Race

Doha, Tuesday 15th November 2022 – In a press held on Sunday, November 13th in Katara Cultural Village the details of the fifth edition of the major national sporting event and QIC Group’s - the leading insurer in Qatar dominant insurer, the GCC and MENA region - sponsorship of the Samla race was officially announced.   Hosted by members of Samla’s organizing committee and headed by H.E. Prof. Dr. Khalid bin Ibrahim Al-Sulaiti, the press conference was attended by Sheikh Saud Bin Khalid Bin Hamad Al Thani, Board Member of Qatar Insurance Group (QIC Group) (QIC).  Speaking at the press conference, on behalf of the Group, Sheikh Saud Bin Khalid Bin Hamad Al Thani thanked Katara Cultural Village and the organizing committee and underscored the tangible positive impact of the Samla race on Qatari ......read more

Hotpack Launches Own Manufacturing Plant in Qatar

Hotpack Global launches its15th production facility worldwide for all its paper products   DUBAI - November 09, 2022: Hotpack Global, the UAE-based global leader in disposable food packaging products, has launched its own manufacturing plant in Qatar. The plant is the 15th Hotpack owned and operated factory worldwide and reflects the company’s global vision – to become a global food packaging brand leader by 2030.  The state-of-the-art manufacturing plant, located in Doha’s new industrial area, is specialized factory that will produce a wide variety of Hotpack’s paper products ranging from folding and corrugated cartons; and paper bags and cups. Commenting on this inauguration, Mr. PB Abdul Jebbar, Group Managing Director of Hotpack Global, said, “We are happy to foray into the Qatar ......read more

Mastercard introduces Samsung Wallet in Qatar to elevate Cardholders' Purchasing Experience

Doha, Qatar; 09 November 2022: Mastercard today announced that cardholders in Qatar can now use Samsung Wallet, a digital wallet solution that allows mobile payment services and more, to complete secure contactless payments at several online, on-site and in-store outlets around the world.  Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard, said: “We are delighted to join forces with Samsung to introduce Samsung Wallet in Qatar, further accelerating the market’s digital transformation journey.  Mastercard’s New Payments Index found that 85% of people in MENA have used at least one emerging payment method in the last year, signaling a clear move to a more digital, more connected future.” “Our partnership with Mastercard is a critical step for the brand as we continue expanding ......read more

Lesha Bank Acquires Phase II of Company Headquarters in Ohio

The new acquisition follows phase I of the Campus acquired in May 2021 as part of the Bank’s investment diversification strategy. Lesha Bank L.L.C (Public) (“Lesha Bank” or the “Bank”), announced the acquisition of phase II of a Company Headquarters (the “Campus”), situated in Columbus Ohio in the US. This comes following the successful acquisition of phase 1 of the campus in May 2021, as part of the Bank’s strategic focus of expanding in the US real estate market.  The Campus is the second phase of the two-building property just completed in October 2022. The SMART designed building is a fully build-to-suit 200,000 square foot trophy office with striking architecture. It aims to be one of a handful of buildings in the US to achieve both LEED and WELL platinum certifications. The ......read more

MEEZA and Darktrace Partner to Help Customers Meet Advanced Cybersecurity Challenges

DOHA, QATAR - November, 2022: MEEZA, Qatar’s prominent managed IT services and solutions provider, has partnered with Darktrace, a global leader in cybersecurity Artificial Intelligence (AI), to expand its cybersecurity portfolio in the domains of classic IT networks along with newly added Operational technology (OT) capabilities to secure information and operations simultaneously. Through the partnership, Darktrace will deliver complete Artificial Intelligence -powered solutions to complement the mature security platform capabilities already in place at MEEZA since the launch of Qatar’s first commercial Security Operations Center (SOC) back in 2014. The combined firepower will help customers in Qatar to meet the rising challenges of security compliance and stay ahead of complex threats from ransomware, cloud to SaaS and ......read more

QIB Introduces Samsung Wallet to Customers

QIB brings more mobile payment choices to its customers by introducing Samsung Wallet to tap and pay on the go using Samsung devices Doha, Qatar – 07 November 2022:  Qatar Islamic Bank (QIB), Qatar’s leading digital bank, announced today the launch of Samsung Wallet, a secure and easy-to-use mobile payment service for all QIB Debit, Credit and Prepaid cardholders owning Samsung devices.  Samsung Wallet is a robust mobile payment platform that supports the shift towards digital wallets and provides a secure e-payments avenue around the world. Samsung Wallet works at any store in Qatar and abroad accepting contactless payments. Customers can also pay fast in their apps and online by simply selecting Samsung Wallet at checkout without the need to enter the credit card details every time.  Enrolment to the ......read more

Chedid Re Kicks Off its Operation in France

Taking services closer to its Qatari clientele across Europe 04, November 2022:  Chedid Re, a member of Chedid Capital Holding with a strong presence around the world and the region including Qatar, announced that its Paris office received a license to conduct insurance and reinsurance brokerage activities in France, extending the network of Chedid Re Global Operations. Farid Chedid, Chairman and Group CEO of Chedid Capital expressed his pride in the launch of Chedid Re in France, describing it as a milestone in the company’s journey: “We are proud to see Chedid Re reinforcing its international presence in the insurance and reinsurance brokerage market. Our new Paris office, along with the London office, will support the Group’s strategic expansion across the continents where we operate and will enable us to ......read more

LG Announces Third-Quarter 2022 Financial Results

Strong Demand for Premium LG Home Appliances and Auto Parts Drives Highest Quarterly Revenue in Company History October 28, 2022 – LG Electronics Inc. (LG) announced third-quarter 2022 consolidated revenues of KRW 21.2 trillion, an increase of 14.1 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Operating profit for the third quarter was KRW 746.6 billion, 25.1 percent higher than the same quarter last year. For the third quarter, the company recorded growth of revenues driven by increased sales of premium home appliances including new appliance categories and automotive parts. However, considering one-off costs incurred last year, operating profit declined due to weak demand caused by the global economic slowdown. The LG Home Appliance & Air Solution ......read more

QIC Group Reports Robust Net Profit of QAR 571 million from continuing Operations for the first Nine Months of 2022

Doha, 27 October 2022 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North Africa (MENA) region, today announced a net profit of QAR 571 million from continuing operations for the first nine months of 2022. The Group’s gross written premiums amounted to QAR 7.8 billion, as QIC’s domestic and MENA operations continued to expand its gross written premiums by 14% to QAR 2.3 billion. In line with the strategy to restructure or exit from low margin or loss making businesses, QIC Group announced its intention to divest its Gibraltar-based direct insurance carriers.   Mr Khalifa Abdulla Turki Al Subaey, Chairman and Managing Director of QIC Group, said: "QIC Group continued to deliver healthy results despite strong headwinds from soaring inflation, geo-political uncertainties, high ......read more

Epicure Investment Management (EIM), A Wholly Owned Subsidiary Of QIC, Has Been Ranked As The ‘top Asset Manager' In The Middle East

Qatar Insurance Company (QIC) has been ranked by Asset Magazine as one of the top Investment Houses (Insurance Category) in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) across Asia, Middle East & North Africa (MENA) regions for 2022.   Epicure Investment Management (EIM), a wholly owned subsidiary of QIC, has been ranked as the ‘Top Asset Manager’ in the Middle East by The Asset Magazine for the year 2022. EIM is one of the largest regulated investment managers in Qatar managing over US$ 7 billion of investments across Equities, Fixed Income and Real Estate for its clients.    The ranking for top investment houses in Asian G3 bonds is based on votes received from the top-rated analysts, economists, strategists, salespeople and traders. A total of 400 different institutions were ......read more

QIC Crowned "Best Online Insurance Company in The Middle East"

At The Global Banking & Finance Review Awards 2022 The prestigious award reflects the company’s success in reshaping online insurance at both local and regional levels with the introduction of innovative market-first online insurance solutions Doha, Qatar - 9 October 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned Best Online Insurance Company in The Middle East at the Global Banking & Finance Review Awards 2022. This outstanding accolade comes in recognition of QIC’s exceptional performance in 2022 at the levels of products and services digitization, in addition to reaching record levels of customers’ reliance on online channels to fulfill their insurance needs instantly, remotely and in just a few clicks. The prestigious award also reflects ......read more

QIC and QInvest LLC Announce the Establishment of Epicure Islamic Investment Management LLC

Doha, Qatar: Tuesday-  4 October 2022 :   Qatar Insurance Company Q.S.P.C. (QIC), the market leader in Qatar and a dominant insurer in the GCC and MENA region, and QInvest LLC, Qatar’s leading investment bank, and one of the most prominent Islamic financial institutions globally, together are delighted to announce the successful establishment of Qatar-based national champion “Epicure Islamic Investment Management LLC”.  Epicure Investment Management LLC (EIM), a wholly owned subsidiary of QIC and one of the largest regulated investment managers in Qatar manages over c. US$ 7 billion of investments across asset classes for its clients and having an impeccable track record of investing, is looking to enhance its footprint in the Investment Management business. Epicure Islamic Investment ......read more

QLM Life & Medical Insurance Company (Q.P.S.C.) Participates in Sidra's Annual Flagship Research Conference

Doha, Qatar, September 2022: QLM is pleased to announce its participation with Sidra Medicine in the annual Flagship Research Conference titled ‘Precision Medicine & Functional Genomics 2022’ (PMFG 2022), took place in September 23-26 in Doha, Qatar. The conference was a four-day in-person, on-site event and revolved around two major themes:  i) How cellular, organoid, and animal models are being used to facilitate the discovery of basic disease mechanisms and potential cures and ii) The development of advanced therapies to treat diseases. The conference assembled a unique and highly interdisciplinary international community to provide novel insights on the molecular mechanisms underlying genetic diseases and the strategies used to develop advanced therapies. As a diamond sponsor, QLM had its own booth ......read more

MEEZA and QDB Sign Partnership Agreement to Advance Qatar's Fintech Ecosystem

DOHA, Qatar, 22 September, 2022: MEEZA, Qatar’s prominent end-to-end managed IT services and solutions provider and Qatar Development Bank (QDB) have signed a partnership agreement with the aim of contributing to the advancement of the FinTech industry in the State of Qatar.  Through the partnership, MEEZA and QDB, through Qatar FinTech Hub (QFTH) - a QDB incubator - intend to collaborate on joint initiatives relating to the FinTech industry and foster a strong relationship as part of efforts to build a reliable FinTech ecosystem in Qatar.  To bolster the collaboration, MEEZA and QDB have signed a Memorandum of Understanding (MoU) that will enable QFTH to explore further opportunities with MEEZA in the form of joint projects, and the two parties will cooperate with each other in areas of mutual interest, organise ......read more

Dukhan Bank Launches Special Edition of FIFA World Cup™ Visa Infinite Credit Card Featuring La'eeb, Thanks to Partnership with Visa

DOHA, QATAR – 21 September, 2022: As part of its efforts to reward its customers and enable them to celebrate the highly anticipated FIFA World Cup Qatar 2022TM in a unique way, Dukhan Bank has partnered with Visa to unveil the special edition FIFA World Cup 2022™ Visa Infinite credit card featuring La’eeb, the Official Mascot for FIFA World Cup 2022TM.  La’eeb is an Arabic word meaning ‘super-skilled player’, he belongs to a parallel mascot-verse that is indescribable. La’eeb encourages everyone to believe in themselves as ‘Now is All’. La’eeb will be everywhere – welcoming the world, inspiring young fans and cheering the action during the tournament, which will take place from November 20th, to December 18th, 2022.   Launched in partnership with ......read more

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

Doha, Qatar – 11 September 2022 – 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 Sami Shaikh and Mohamed Zumrawi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Prem Velumani, Baina Al-Marri, Salma Hafiz, Khazana Hussain, Ahmed Elsharabasi, Mohammed Al-Malki, Khalil Al Mukdad, Nayef Al-Tamimi, Khalifa Al Kaabi, Mohamed  Ahamed, Amna Abdulla, Abdulla Alyafei, Mazen Hasna, Mohamed Ayari, Heba Al Hashmi, Usha Kesavan, Abdulla Shaher, Maryam Fakhroo, Ahmad Al-Kuwari, Mylin Cabunillas, Ashraf Kandil, Mohammed Al-Hababi, Khalid Al-Khanji, Sofyan El Rufaie, Maryam Al-Hetmi, Asmaa Al-Suwaidi, Abel ......read more

Once again QIC Group is the Official Insurance Sponsor of S'hail.

Doha – Qatar , Tuesday – September 6, 2022: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the 6th edition of S’hail 2022 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry.  Over the last few years, the event has made its mark in the industry as the leading destination of choice for falconry, hunting, and heritage lovers and became a dedicated platform for displaying the latest types of weapons, hunting rifles, equipment, supplies and equipment for trips, in addition to a huge selection of rare falcons highly skilled in hunting.   Commenting on the ......read more

Qatar Tourism Launches Marketing Campaign Featuring David Beckham

August 29, 2022:  Qatar Tourism has launched a new holiday campaign featuring David Beckham to support the country’s tourism goals and ambition to attract more than six million visitors a year by 2030. The campaign reveals Beckham’s action-packed adventure around the country over the course of 48 hours, showing how Qatar offers visitors everything from cultural hotspots to scenic landscapes.    Led by passionate local personalities, Beckham is seen discovering Qatar as he explores the winding spice markets of Souq Waqif, soaks up local street art, cooks tacos infused with local flavours, camps in the desert, and sightsees around Doha by motorbike. With a number of national holidays and long weekends coming up across the region, the campaign might just inspire GCC residents to earmark Qatar as their ......read more

QIB Introduces Google Pay™ to Customers

Doha, Qatar – 24, August 2022:  Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has introduced Google Pay to Debit, Credit and Prepaid Cardholders to start using their Android and WearOS devices to tap and pay on the go.  Google Pay is a digital wallet and payment platform from Google that enables customers to pay for transactions with their QIB cards using their Android and WearOS devices in-stores and online, where contactless payments are accepted. Cardholders will be able to store credit, debit or prepaid cards on Google Wallet app in order to start using Google Pay. With Google Pay, customers with Android and WearOS devices that enable NFC payment, known as mobile contactless payment, can make safe, fast, and convenient purchases with multiple layers of security in-stores and ......read more

Dukhan Bank brings Google PayTM to Customers

Doha, Qatar - 23 August, 2022: In furtherance of its digitization strategy to enable customers to conduct transactions on the go, Dukhan Bank is launching Google PayTM, a faster, more secure way to pay on sites, in applications and in stores using the payment methods saved in their Google Account. Google Pay, a new addition to Dukhan Bank’s contactless payment platform (D-Pay), protects customers’ payment information with multiple layers of security. When customers make contactless payment through their phone, Google Pay will not send their actual credit or debit card numbers with your payment. Instead, an encrypted virtual account number will be used to represent their information, making their real card details stay safe. Dukhan Bank customers can make payment through Google Pay at more than million online, on-site ......read more

MEEZA Continues Celebrating Multiple Achievements as Cisco Partner

• MEEZA receives Cisco’s ‘Public Sector Partner of the Year’ award in Qatar • MEEZA maintains Cisco Gold Integrator Partner certification for 2022-2023 • MEEZA achieves its sixth Cisco specialization in ‘Customer Experience’    DOHA, Qatar: MEEZA, Qatar’s prominent Managed and Cloud IT services and solutions provider, has received multiple recognitions from Cisco for its expanded activities and competence in the public sector in Qatar, being awarded as Cisco’s ‘Public Sector Partner of the Year’ in Qatar, achieving ‘Cisco Gold Integrator Partner’ certification for 2022-2023, and ‘Customer Experience Specialization’.  MEEZA was awarded as ‘Public Sector Partner of the Year’ in Qatar by Cisco on the Comstor ......read more

Qatar Insurance Company Concludes Summer Internship Program

Doha, Qatar:   Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, concluded its Summer Internship Program with an award ceremony held yesterday Monday August 22nd, 2022. The event provided an opportunity to acknowledge students from different schools and academic institutions who took part of this year’s program.    This year, QIC’s seven-week Summer Internship Program, which ended on 18th of August was meticulously designed to help interns discover which direction they would like to take their career while gaining first-hand experience. The paid internship offer qualified high school and undergraduate students a meaningful, career-oriented experience with world-class mentors who help guide them through their projects and continue to support them even after the internship ......read more

14th Edition of CSS Qatar; Physical Conference on 7th September 2022

QATAR, UAE - Aug 22, 2022 - (ACN Newswire) - After successful 13 editions of Cyber Security Summit, Exito (www.exito-e.com) is all set to host another milestone event - which serves as an ideal platform to enhance the experience on the latest insights on "Securing Qatar's Digital Future." The Summit will address the importance of the full potential of technology as a driver for every organization to function securely, efficiently and effectively. The 14th Edition Cyber Security Summit Qatar is an exclusive in-person event for cybersecurity leaders from leading enterprises in Qatar. As Qatar prepares to become the first Middle Eastern Country to host the FIFA World Cup, like most developed countries, it remains vulnerable to cyberattacks given its high level of technology adoption and smartphone penetration rate. Qatar ......read more

Al Meera Partners with Zippin to Open First Checkout-free Stores in Qatar

DOHA, QATAR - AUGUST 20, 2022: Today Al Meera Consumer Goods Company announced a partnership with Zippin, a leading provider of checkout-free technology, to advance its expansion strategy to meet customers’ demands and provide unique services to all members of the community through innovative technology.  Al Meera will soon open fully autonomous stores in strategic locations to provide visitors with snacks, beverages, grab-and-go meals, and other essential items in a seamless and cashier-less process. Commenting on this new offering in the market, Al Meera stated: “We are excited to introduce these new checkout-free stores to make shopping more convenient and fun for our customers. This step is part of our expansion plans to ensure that our services are always within the reach of all consumers. In addition, it is ......read more

Lenovo Group: First Quarter Results 2022/23

Lenovo delivers ninth straight quarter of improved revenue and profitability and the largest market share in the Gulf at 27.6%    Dubai, August 18, 2022– Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced strong first quarter results for the Group, improving both revenue and profitability for the ninth consecutive quarter. First quarter net income grew 11% year-on-year to US$516 million and 35% year-on-year to $556 million on a non-HKFRS [1] basis. Revenue grew to US$17 billion, up 5% year-on-year in constant currency.    The Group saw revenue from non-PC businesses reach 37%, demonstrating its services-led transformation strategy and persistent investments in diversifying the business have paid off and are driving future growth opportunities. These new growth engines of solutions and services, ......read more

QIC Named “Domestic General Insurer” & “Auto Insurance Initiative” of The Year in Qatar At Insurance Asia Awards 2022

QIC’s newest recognition reflects the company’s success in leading the change of general insurance in Qatar through introducing innovative products and services that best respond to the needs of customers over the past 12 months Doha, Qatar - 16 August 2022: Qatar Insurance Company (QIC), the largest insurance company in the MENA region, has received the “Domestic General Insurer of The Year” & “Auto Insurance Initiative of The Year” in Qatar awards at Insurance Asia Awards 2022. QIC’s newest recognition reflects the company’s success in leading the change of general insurance in Qatar through introducing innovative products and services that best respond to the needs of customers in Qatar over the past 12 months. The two prestigious accolades also reflect QIC’s excellence in ......read more

QIB Announces Third Misk Account Millionaire

Mr. Ahmad Abdulla Al-Malki announced as third Millionaire winner in this latest edition of Misk Account Draw Doha, Qatar – 15, August 2022: Qatar Islamic Bank (QIB) is pleased to announce the third millionaire winner of its highly anticipated Misk Account draw.  The draw was held in the presence of official representatives from the Ministry of Commerce and Industry as well as QIB officials. Mr. Ahmad Abdulla Al-Malki was randomly selected, making him the lucky third millionaire of this edition. QIB is awarding 4 Millionaires throughout the year, and offering QAR 10,000 to 15 winners every week, in addition to QAR 50,000 to 2 lucky winners every month in its 5th edition of the Misk Account. This brings the total number of winners to 808 receiving QAR 13 Million dedicated for this edition, the largest prize pool in ......read more

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

Doha, Qatar – 13, August 2022 – 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 Adel Bazuhair and Ali Al-Malki each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Ibrahim Al-Ansari, Sornamoopanar Kumar, Hafiz Jabr, Alan Leung, Shanmugam Sugumaran, Hussain Al-Jaber, Osama Alghanem, Jassim Fakhroo, Mushreq Ayesh, Abdul Rahiman Bangara, Muneera Al-Fadala, Aisha Al-Mohannadi, Hanna Hirylovich, Mohammed Abduzzahar, Noof Al-Subaey, Fahed Alzoubi, Lolwa Al-Naemi, Carol Bernes, Abdullah Al-Malki, Yehya Taher, Jannette Serrano, Ghada Al-Kawari, Mubarak Al-Naimi, Omran Al-Kawari, Ibrahim Al Kawari, Sabeeka ......read more

HPE Appoints Savio Ibrahim to Lead the Company's Operations in Qatar

Doha, Qatar - August 09, 2022:  Hewlett Packard Enterprise (HPE) has announced that Savio Ibrahim has been appointed as Country Manager for Qatar.   Savio is responsible for delivering unique, open and intelligent technology solutions as a service, with offerings spanning Cloud Services, Compute, High Performance Computing & AI, Intelligent Edge, Software, and Storage. He is tasked with driving further growth and maintaining high levels of customer and partner satisfaction. Savio reports into Raif Abou Diab, the Managing Director for the Egypt, Qatar and Levant region.   Prior to taking up his new role, Savio was Sales Manager and Channel Leader for the Egypt, Qatar and Levant region. Savio joined HPE in 2014 as a senior account manager in Lebanon. After excelling in this role, he was promoted to Territory ......read more

Baladna Signs Shareholder Agreement to Establish an Integrated Dairy Farming Business in Malaysia

Joint venture with FGV Holdings Berhad and Touch Group Doha, Qatar, 06 August 2022: Baladna has entered into a conditional shareholders’ agreement (Conditional SHA) with Malaysian companies FGV Holdings Berhad (FGV) and Touch Group Holdings Sdn Bhd (TGH), to develop an integrated dairy farming business in Malaysia. Expected to be commercially operational by 2025, the project will produce 100 million litres of fresh milk per annum within the first three years and is expected to reach 300 million litres of fresh milk within 10 years. Based on Baladna’s highly successful “grass to glass” concept, the joint venture will be fully integrated, from crop production to feeding the cows, to the processing and sale of the highest quality fresh milk.  The agreement was signed by Piet Hilarides, Chief Executive ......read more

QIC Group Net Profit Rises to QAR 401 Million in H1 2022

Doha, 08 August 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, registered a strong net profit of QAR 401 million for the first half (H1) of this year ending 30 June 2022. The Group’s robust results was driven by the solid performance of its domestic and MENA operations, strong technical results across QIC’s franchise and the cost-leadership of its operations. Amid continued economical headwinds the Group’s gross premium volume remained stable at QAR 6.3 billion in the 1st half of 2022 building on QIC’s strengths in personal lines and advanced online services. QIC expands its leadership in a challenging environment  In an environment of high volatility in the financial markets, where the economic growth estimates are showing a downward ......read more

QIC Group Hosts Long Service Awards

Doha – Qatar:  Qatar Insurance Group, the leading insurer in Qatar and the MENA region, celebrated its long-serving employees at an awards ceremony held earlier this week.  Colleagues with 5, 10, 15 and 20 years of service were presented with certificates and trophies of appreciation at QIC Group’s headquarters in West Bay.  The ceremony was attended by several of QIC Group’s senior management & employees. Mr. Khalifa Abdulla Turki Al-Subaey, Chairman & Managing Director of QIC Group, handed over the long service awards to 27 recipients this year.  Among the distinguished recipients this year was Mr. Salem Al Mannai, QIC Group CEO, who was recognized for his 20 years of service.   “QIC Group Long Service Awards are a symbol of QIC Group’s appreciation towards ......read more

Qatar Post Launches COVID-19 Stamps to Honor those that Served the Community during the Global Epidemic

Doha, Qatar – 03, August 2022: The Qatar Postal Services Company - Qatar Post has issued a set of special-edition COVID-19 postage stamps in honor of all frontline workers, such as medical and health care staff, police and military personnel, and postal workers, who provided their essential services to the community members during the global pandemic (COVID-19) crisis.  This set comes within Qatar Post's efforts to monitor and document historical events and highlight Qatar’s key achievements in addition to important and national occasions, as postage stamps are one of the rapidly spreading means of communication. The COVID-19 stamps set consists of two stamps worth QAR 7 and an envelope for the first day issue at QAR 8, and the folder itself will be sold to the public for QAR 70. There are currently ......read more

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Snoonu and Qatar Stars League (QSL) Announced the Renewal of their Agreement Ahead of the 2022-2023 ...…

Doha, Qatar - 26th of July: Qatar’s leading tech startup, Snoonu, renewed their partnership with Qatar Stars League on the sidelines of the 2022-2023 Season Launch ceremony on Tuesday, 26th July 2022, at the City Center Rotana Hotel, Doha.   Mr. Hamad Al Hajri, Founder and CEO of Snoonu, said, “We’re delighted to renew our sponsorship agreement with Qatar Stars League ......read more

QR 114.8 million, GWC H1 2022 Net Profit…

Doha – Qatar: Gulf Warehousing Company QPSC (GWC), Qatar’s leading logistics and supply chain solutions provider, reported Net Profits of QR 114.8 million, during the six-month period ending on 30 June 2022. The company also achieved Total Revenues of QR 719 million for the same period, while Earnings Per Share stood at 0.20 Qatari Riyal for the 6 months period ending on 30 June ......read more

Qatar's Corrupted Officials will Initiate their Plan of Terror Soon…

For years now, Qatar’s corrupted officials have manifested a program that is designed to bring chaos to the world, such program that is infused with extremism, terrorism, and trepidation.     To control the world through creation of fear in the hearts of citizens around the world, such terror that is designed to entangle every citizen of the world to submit to their ......read more

First Finance Unveils Home Finance Campaign with QAR 200,000 Cash Reward…

Doha, Qatar – 25, July 2022: First Finance Company, has announced the launch of its latest home finance campaign, which will run until October 30, 2022. With the new campaign, First Finance Company new and existing customers will receive a QAR 200,000 cash reward when they apply for home financing worth QAR 2 million and above.   This campaign aims to provide a unique ......read more

The Business Year Gears up to Launch its 8th Annual Publication on Qatar, with a Special Focus on ...…

Standfirst: The Business Year is set to launch its eighth annual publication on the Qatari economy, The Business Year: Qatar 2022, World Cup Special Edition Doha, July 21, 2022—The Business Year (TBY), a global media group that has been providing investors, businesses, and governments with first-hand insights into the world’s most dynamic markets for over a decade, has been present ......read more

FIFA World Cup is Set to Boost Qatar's Economy…

With Qatar’s economy booming, PRO Partner Group can assist in setting up your business 18 July 2022, Dubai -  Qatar’s successful bid to host the FIFA World Cup has accelerated development in critical sectors of the economy, including travel and tourism, hospitality and infrastructure. Most predictions estimate that over one million visitors will arrive in Qatar for the ......read more

Dukhan Bank Releases Financial Statements for the First Half of 2022…

• Dukhan Bank records 27% increase in the net profit   Doha-Qatar, 18 July 2022 - Dukhan Bank has announced its financial results for the first half of 2022 recording a net profit of QAR 745 million, representing a 27% increase compared to the first half of 2021 net profit of QAR 586 million.   The total income for the six months period ending 30 June 2022 ......read more

LG Releases Preliminary Earnings for Second-Quarter 2022…

July 15, 2022 — LG Electronics Inc. (LG) announced its preliminary earnings results for the second quarter of 2022. LG reported revenues of KRW 19.5 trillion in the second quarter of 2022, 15 percent higher than the same quarter the previous year. Operating profit for the second quarter was KRW 791.7 billion, expected to be 12 percent lower than the same quarter of the previous ......read more

MEEZA Continues Celebrating Multiple Achievements as Cisco Partner…

• MEEZA receives Cisco’s ‘Public Sector Partner of the Year’ award in Qatar • MEEZA maintains Cisco Gold Integrator Partner certification for 2022-2023 • MEEZA achieves its sixth Cisco specialization in ‘Customer Experience’    DOHA, Qatar, July, 2022: MEEZA, Qatar’s prominent Managed and Cloud IT services and solutions ......read more

Snoonu Launches No Riders Under the Sun 2.0…

Doha, Qatar, July 01, 2022 - Snoonu is glad to announce the relaunch of its initiative called “No Riders Under the sun”  Through this initiative, Snoonu pursues, for the second consecutive year, its measures to protect the working conditions of delivery riders as temperatures continue to spike in the country.  Initially launched in June 2021 and now a flagship in ......read more

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