Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
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 Snoonu’s business model, the initiative sets Snoonu as the first and only local tech company to take such strategic measures to protect its riders from the heat of the summer during daytime. Being a human-centric business, Snoonu puts this concept into action with initiatives that range from ensuring all employees are protected from the sun to the availability of air-conditioned chilling spots throughout the country that are filled with ......read more

Qatar brings Global Photography App, ‘Explorest,' to the Middle East

• Visitors can now discover more than 75 locations in Qatar • App’s Qatar Location Insights unlocked for the first 12 months   Following the successful launch of Explorest in some of the world’s most photographed cities including Los Angeles, New York, London, Paris, Singapore, Hong Kong and Shanghai, Qatar Tourism has partnered with Explorest to debut in the region and unveil 75 of the greatest places to take photos across Qatar.  The partnership sets the app to become the go-to digital travel companion for amateur and professional photographers wishing to capture unique images of the country’s diverse natural assets, architecture, cultural hotspots and more.   First-time or returning travellers to Qatar from the region, as well as professional and amateur photographers can ......read more

Dukhan Bank Receives 9 Accolades at MEED's Excellence Banking Awards 2022.

- Best Private Bank in Qatar - MENA Private Banker of the year - MENA Digital Bank of the year - MENA Most Innovative Bank of the year Doha, June 29, 2022: Middle East Economic Digest (MEED) crowned Dukhan Bank’s distinguished efforts in providing private banking services and its leadership in enriching the digital banking experience for its customers with innovative solutions by awarding it nine accolades, within the annual awards program “Banking Excellence in the Middle East and North Africa for the year 2022”. While the bank won the “Best Private Bank Qatar” award, the General Manager & Head of the Private Banking at Dukhan Bank, Mr. Chaouki Daher received the “MENA Private Banker of the year” award, in recognition of his efforts & long-standing success in leading the ......read more

Qatar Banks could be ‘Trail-Blazers' for World-Leading Payments System

Banks in Qatar could act as trail-blazers for a world-leading, fraud-inhibiting, super-fast global payments system fit for the next century, if they seize the opportunity being offered by a UK-headquartered fintech business.  DigiDoe launched operations in Doha this week and is targeting banks in the Middle East as part of its plan to revolutionise the world’s out-dated payments infrastructure. Designed from scratch, DigiDoe’s patented multi-factor biometric-based anti-money laundering (AML) and fraud prevention solution provides a secure, tailor-made, AI-driven platform for financial institutions and central bank digital currencies (CBDC). Tony Hajjar, recently appointed as DigiDoe’s Head of Operations, Qatar, said: “DigiDoe has created a pioneering, next generation, all-in-one unique solution, and ......read more

Elon Musk Speaks on Tesla Supply Chain and Twitter Aspirations at ‘Qatar Economic Forum, Powered by Bloomberg'

Elon Musk, leader of SpaceX, Tesla, Neuralink and The Boring Company, sat down with John Micklethwait, Editor-in-Chief at Bloomberg, at the second ‘Qatar Economic Forum, Powered by Bloomberg’, which opened yesterday under the high patronage of His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar.   As part of session one of the Forum on ‘Equalizing the Global Recovery’, Musk highlighted:   • “My aspiration for Twitter is to be as inclusive as possible. That it is an appealing system to use. Ideally, I would like to get 80 percent of North America and half the world on Twitter; that means it must be something appealing. Generally, the approach of Twitter should be to let people say what they want within the bounds of the law. […] I would drive the product, ......read more

Snoonu Launched Chill Spots to Ensure Riders' Health and Safety during the Summer

“Chill Spots” around Doha enable all delivery bike drivers to rest and cool down between deliveries  Doha, Qatar - 19 June 2022:  Qatar's leading tech start-up, Snoonu, launched Snoonu-branded “Chill Spots” for bike riders to rest and rehydrate in areas covering all Doha as part of its commitment to staff welfare and ensuring the bikers’ comfort and safety during the summer months and throughout the year.  In line with its continuous innovative efforts in improving working conditions for its “superheroes” during the summer, Snoonu developed indoor and airconditioned “Chill Spots” for bike drivers to rest and rehydrate in between deliveries. Spread around Doha. Designed and operated by Snoonu, each Chill Spot is equipped with seats, charging stations, water ......read more

Hussain Sajwani Gears up for Qatar Economic Forum 2022

• Qatar Economic Forum to gather heads of state, global CEOs, leading global investors, influential voices from the worlds of culture, sports, and entertainment  • DAMAC Founder and Chairman Hussain Sajwani to speak at the Forum on where the smart money in the real estate is going    Qatar / UAE  -16 June 2022:   Equalising the global economic recovery will come under the spotlight as the world convenes in Doha during the second annual Qatar Economic Forum to be held from June 20-22 at the Ritz Carlton, Doha.  Global business leaders and heads of state are set to tackle some of the world’s most pressing challenges, disruptions and solutions in the backdrop of what will be the stage of one of the region’s most exciting events.   Hussain Sajwani, Founder and ......read more

Ogilvy Promotes Elaine Grell to Chief People Officer across EMEA

June 14, 2022 – Ogilvy has promoted renowned People leader Elaine Grell to the position of Chief People Officer across EMEA. While now responsible for the EMEA region,  Elaine will continue to work closely with Fiona Gordon, CEO Ogilvy UK, to strategically drive the UK People agenda. Elaine will lead the agency network’s People teams and drive its "people first" strategy, ensuring Ogilvy continues to be  the best place for people to grow their careers.  Before coming to Ogilvy, Elaine worked in the hospitality, leisure and real-estate industries in the UK and US for IHG, British Airways and The Collective. She is a fellow of the Chartered Institute of Personnel Development and holds an MBA from the Open University.  Elaine has also been a trustee of The Springboard Charity for the last ......read more

Dukhan Bank First in Qatar to join Mastercard's Global Digital First Card Program

Next-Generation card continues Bank’s digital transformation Safe, convenient, and accepted wherever customers shop  Get a new digital card in minutes and pay in seconds Doha, Qatar – 09 June 2022: Dukhan Bank has become the first partner in Qatar to join Mastercard’s global Digital First Card program. Through the program, Dukhan Bank is now issuing digital prepaid cards as part of the bank's efforts to provide seamless digital banking solutions to enhance customers' experience. Mastercard’s Digital First Card program is leading the way in the payments industry with a new approach to cards in line with the growth of digital commerce, the proliferation of digital devices, and growing consumer expectations for digital cards. The Mastercard Digital First Card program aims to continue ......read more

‘‘Qatar Economic Forum, Powered by Bloomberg' to Focus on efforts on Equalizing Global Economic Recovery

Under the high patronage of His Highness the Amir Sheikh Tamim bin Hamad Al-Thani, The Amir of the State of Qatar Doha, 8 June 2022: Under the high patronage of His Highness the Amir Sheikh Tamim bin Hamad Al-Thani, the Amir of the State of Qatar, the second “Qatar Economic Forum, Powered by Bloomberg” will take place from June 20-22, 2022, in Doha, convening heads of state and more than 500 business leaders to discuss ways to equalize the global economic recovery. The 2022 program will spotlight solutions to some of the most pressing global challenges, including the misalignment between jobs of the future and the workforce of today; tangled supply chains; a looming debt crisis; and widening global inequalities. The discussions aim to contribute to a clear roadmap for the next phase of global economic ......read more

Red Hat Roundtable Spotlights Qatar's Digital Transformation Journey

Doha, Qatar, June 7, 2022: Qatar has accelerated its digital transformation journey through continued investment in the latest technology, as highlighted in an exclusive media roundtable hosted by Red Hat, the world's leading provider of open source solutions. The session titled “Open Source: The Digital Transformation Journey” took place on June 7, 2022 at the Ritz Carlton in Doha. Philip Andrews, Vice President - CEMEA at Red Hat, led the roundtable about the future of the open source industry and its role as a potential catalyst to Qatar’s digital vision. The event explored how open source can help Qatari companies across various industrial sectors to overcome business challenges. The convergence of new digital technologies, including mobility, big data analytics, Artificial Intelligence (AI), blockchain, ......read more

50 Selected Teams Compete Today in QIC Group's “InsurHack MENA” Hackathon

137 applications were received from 33 Countries Doha – Qatar, 6th June 2022:  InsurHack MENA, the first InsurTech Hackathon in the region, organized by Qatar Insurance Group (QIC Group), together with Deloitte, Google Cloud and QIC Digital Venture Partner (QIC DVP), the venture builder arm of QIC Group has gathered 137 participants from 33 countries in its one-month application phase that closed Friday. 50 selected teams, mainly at seed stage but also at series A stage, start competing today in the two-day virtual hackathon scheduled on the 5th and 6th of June.  The need for a hackathon to find insurance solutions in big tech analytics, AI/ML, behavioural economics and conversational AI has now and then been stressed by Salem Al Mannai, Group CEO of QIC Group.  “QIC Group and our partners with utmost ......read more

Dukhan Bank Starts App-Based Direct Remittance Service to India

Doha, Qatar – 02 June 2022: Dukhan Bank has launched its direct remittance service to India as part of its new bouquet of digital services. Customers of the bank will now be able to send remittances directly to India from Dukhan Bank’s app safely and securely within 60 seconds. This direct remittance service to India is launched within Dukhan Bank’s D-remit platform and will be further expanded to other countries with a host of remittance options for customers.  Dukhan Bank is always eager to meet its customers’ demands with best-in-class digital services. The direct remittance service to India with instant safe transfer provides convenience and security to the bank customers. The service is available on Dukhan Bank’s mobile application and internet banking. To send money, customers can ......read more

Snoonu Acquires Major Omani Food Delivery Platform

Doha, Qatar - 30, May 2022: Qatar's leading tech start-up, Snoonu, announced earlier today its acquisition of Akeed, a leading Omani food delivery platform with a network of more than 1000 restaurants and grocery stores.  This milestone is considered the first ever achieved by a local tech start-up in Qatar. It serves as a step propelling the rising company forward and bringing it closer to achieving its goal of becoming the first local tech Unicorn company. The agreement will also shore up Snoonu’s business objectives that aim to diversify and expand the company’s operations across the region. The acquisition announcement was made during an event that took place last Saturday, which was attended by members from the executive management of both companies, as well as  high profile delegates, ......read more

QIC Launches the First and Fastest All-Inclusive Online Portal to Get Insurance in Qatar

qic.online allows customers to buy or renew their car, motorcycle, travel, home contents, boat & yacht, and personal accident insurance policies in just 2 minutes The new portal offers instant covers comparison and product recommendation to help customers better identify the right insurance plans that suit their needs Doha, Qatar - Sunday 29th May 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the launch of the first all-inclusive online portal, offering the fastest digital solution to buy and renew insurance policies in Qatar. Developed with an innovative customer-centric approach, qic.online allows customers to buy their car, motorcycle, travel, home contents, boat & yacht, and personal accident policies in just 2 minutes, without any need to scan and submit ......read more

Dukhan Bank launches Qatar's First-of-its-kind Feature for Private Banking Customers

Doha, Qatar – 26 May 2022: Dukhan Bank has unveiled a new digital feature for private banking customers, which is the first of its kind among Qatari banks. Dukhan Bank Investment Tracking is an exceptional self-service feature to assist customers to view their investment portfolios at ease and comfort, at the same time providing real-time reporting and analysis on portfolio performance.  Commenting on the new Investment Tracking feature, Mr. Chaouki Daher, Dukhan Bank’s GM - Head of Private Banking, stated:  “We are delighted to launch the Investment Tracking service on our Mobile Banking App which strengthens our range of next generation of digital services.  Investment Tracking has been tailored exclusively to meet the needs of modern investors and provides financial news, up-to-date market ......read more

Aura Group Wins Six Awards at Fact Dining Awards 2022

Aura Hospitality the restaurant sector of Aura Group scoops the 'Best Turkish Restaurant', 'Best Middle Eastern Restaurant', 'Best Burger Joint', Favourite Mediterranean Restaurant', Favourite Lebanese Restaurant' and Favourite Family Friendly Restaurant' awards DOHA, QATAR: MAY 24, 2022: Aura Group, one of the largest companies in hospitality and food services in Qatar, stole the show at the Fact Dining Awards 2022 as six restaurants won various distinguished awards at the 7th annual Fact Dining Awards Doha event on Tuesday, May 17, 2022. The FACT Dining Awards recognizes excellence in the food and beverage industry, with winners awarded based on both public vote and critics' opinion. The awards are presented in two categories – ‘favourite’ and ‘best’. The ......read more

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

Doha, Qatar – 15 May 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 Khalifa Alhussaini and Aljazi Al- Adbah each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Reham Ismail, Ibrahim Al-Nasr, Sheeshma Zaki, Sheikh Khalid Al-Thani, Khalid Al-Ansari, Fahad Juma, Sara Al-Adbah, Maryam Al-Obaidan, Najla Al-Mulla, Mohammed Fakhroo, Sultan Al-Naemi, Marwa Shaat, Rawdha Aldosari, Ibrahim Sedaqat, Khalid Al-Hadhrumi, Asmaa Al-Obaidan, Khalid Al-Thani, Noor Al-Saadi, Maawia Mohammed, Sana Alrashed, Nour Abuseif, Elkhidir Elmisbah, Ebrahim Al-Muftah, Abdalfatah Shehada and Dina Ramadan, Basma Harara, Alma ......read more

Milipol Qatar 2022 Seminar Program To Focus on major event security management & cybersecurity Two-day program to feature 21 presentations from local and international experts

Doha, Qatar – May 12 2022: The 14th edition of Milipol Qatar 2022, the Middle East’s leading international event for homeland security and civil defence, which will be held from 24-26 May at Doha Exhibition and Convention Centre (DECC), will feature a two-day seminar program centered on major event security management and solutions to combat increasing cybersecurity risks. The seminar will launch on Wednesday, May 25 with major local and international experts and with 21 presentations probing all aspects for the safe delivery of major events. Notably, keynote speeches will be given by a representative of the Safety & Security Operations Committee (SSOC) of the FIFA World Cup Qatar 2022™ and by Major General Marc Boget, Commander in Chief of the French Gendarmerie Cyberspace. “Qatar is the ideal venue ......read more

Ogilvy EMEA Chairman Paul O'Donnell Announces Retirement, Ending Distinguished Four-Decade Career at Ogilvy

NEW YORK- MAY 5, 2022:  Ogilvy today announced that Paul O’Donnell, Chairman of Ogilvy EMEA, will be retiring after 37 years with the agency. Throughout his tenure, O’Donnell has held a range of leadership positions spanning clients, geographies, and businesses. “It has been an honour to have worked with thousands of Ogilvy colleagues and clients across the globe during my career. It has been a rich and fulfilling experience in which I have travelled the world and helped grow brands and businesses in just about every market you can imagine,” O’Donnell said. “The longevity of my career was due to two things: working with great people and managing to bring enough variety to my roles. Now, I’m proud to leave behind a highly skilled and experienced team that is driving the business ......read more

The Euromoney Qatar Conference Returns

Co-hosted with Qatar Central Bank, the ninth Euromoney Qatar Conference returns on Sunday 29 May to Doha. The Euromoney Conference will focus on the latest developments around Qatar’s strategy and finance in the new global landscape. As the eyes of the world turn to Qatar for World Cup 2022, they will see a country that has emerged from the pandemic in strong economic shape and with an increasingly important role in regional and global geopolitics.   Euromoney will explore how Qatar can capitalise on the success of its strategy. What’s next for the nation, its financial institutions, and its investors? How will they deploy their capital domestically and internationally? How will the financial sector get ahead in the drive for digitalisation? What are the risks and challenges? The event will focus on answering ......read more

LG Announces First-Quarter 2022 Financial Results

Highest Quarterly Revenue in Company’s History Reflect Strong Demand for Premium LG Home Appliances and Auto Parts Dubai, April 29, 2022 — LG Electronics Inc. (LG) today announced first-quarter 2022 consolidated sales of KRW 21.11 trillion (USD 17.53 billion) – the highest quarterly revenue in company history. Operating profit of KRW 1.88 trillion (USD 1.56 billion) was positively impacted by royalty income, partially offset by a one-time workforce restructuring cost.   Compared with the first quarter a year ago, revenues grew by 18.5 percent and profitability soared by 6.4 percent, reflecting very strong demand for LG home appliances as consumers around the world continue their focus on healthier living, energy efficiency and home upgrades. The vehicle component business unit’s sales increased ......read more

QIC Group Reports Robust Net Profit of QAR 230 Million in Q1 2022

Doha, Wednesday 27 April 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results for the first quarter of 2022. Following a meeting of the board of Directors on Tuesday 26th of April 2022, which was presided over by Mr. Khalifa Abdulla Turki Al Subaey, Chairman & Managing Director oF QIC Group, the Board approved the financial results. QIC registered a robust net profit of QAR 230 million for the first quarter of 2022. The Group’s 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 and political headwinds, the Group’s gross premium volume remained stable at QAR 3.2 billion in the 1st ......read more

Time For Change! Successful Roll out of QIC's Latest Brand Campaign

 Inspiring Positive Change Within The Community During Ramadan Giving voice to all community members to share their change stories, inspirations, and simple thoughts towards change Doha, Qatar – Tuesday 26 April 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has launched a successful full-out brand awareness campaign labeled ‘Time For Change’, designed to inspire positive change within all members of the community in Qatar. Rolled out in celebration of QIC’s recent rebrand, ‘Time For Change’ come to showcase the company’s success in changing its brand identity emphasizing values of synergy, reciprocity and movement, which together make the essence of QIC when it comes to designing and introducing innovative insurance solutions that best ......read more

QIC Launches Digital Venture Partners

Reshaping the digital insurance landscape in the MENA region  QIC Insurance Group, the leading insurer in Qatar and the MENA region, announced as part of its digital strategy, the creation of Digital Venture Partners (QIC DVP) - a business unit bound to become the ecosystem orchestrator for insurance and insurtech in the MENA region.  QIC DVP aims to reshape the digital insurance landscape by building new digital ventures, leveraging existing assets, partnering with Big Tech and corporates, and strategically investing in high potential early-stage startups.  “The launch of QIC Digital Venture Partners is a significant milestone for our digital future. Grounded by our strong regional and international performance, QIC DVP will reshape the digital insurance ecosystem and become the go-to digital insurance ......read more

Snoonu Collaborates with Dukhan Bank to Distribute Garangao Boxes to Customers

Over 3000 Snoonu and Snoomart cobranded boxes were distributed by Snoonu drivers to mark the joyous occasion of Garangao 23 April 2022 – Doha, Qatar:  Qatar’s leading tech start-up Snoonu is pleased to announce its collaboration with Dukhan Bank where over 3000 Snoonu and Snoomart cobranded Garangao boxes were distributed to Snoonu customers on Garangao day by Snoonu drivers. Garangao is a tradition celebrated across the Gulf Region marking the fasting of the first half of the Holy month of Ramadan. Being one of Ramadan’s most important celebrations in Qatar, Garangao is usually most enjoyed by children while rejoicing with families and friends.  The Garangao boxes’ distribution drive is in line with Snoonu’s continuous corporate social responsibility (CSR) efforts and commitment to ......read more

Qatar Insurance Group to Sponsor the 2023 Samla Race

Qatar Insurance Group - the leading insurer in Qatar and the MENA region - announced its sponsorship of the Samla race in its fifth edition in 2023.  In view of the Group’s role in promoting the culture of sports in Qatar, the sponsorship of the Samla race was officially announced on Sunday during the signing of the sponsorship agreement at QIC Group’s headquarters in West Bay.  The sponsorship agreement was signed by Mr. Salem Al Mannai, Group CEO of QIC Group, and Mr. Azzam Al-Mannai, CEO of the Organizing Committee of the Samla Race.  “As the leading insurer in Qatar, we have a long-standing commitment to promote the culture of sports in Qatar. We aim to help build a generation characterized by good health by encouraging young people to adopt the culture of sports as a way of life.” Said ......read more

MEEZA Wins Cloud Solution of the Year Award at Qatar Digital Business Awards

• Second QDBA award for Qatar’s leading Managed IT Services & Solutions Provider   Doha, Qatar - 16, April 2022:  In a move that reinforces MEEZA’s reputation as Qatar’s leading Managed IT Services & Solutions Provider, MEEZA has won the award for ‘Cloud Solution of the Year’ at the Qatar Digital Business Awards (QDBA).    Under the patronage of His Excellency Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, this year’s Qatar Digital Business Awards 2021 took place at a gala dinner hosted during the recent Smart City Expo Doha 2022 and organized by the Ministry of Communications and Information Technology.   The winning project, M-VAULT 4 was launched to contribute to the acceleration of Qatar’s digital ......read more

Dukhan Bank's AQM Approves 14% Cash Dividend for Shareholders

Accelerated digital transformation and steady performance accompanied by positive financial results     • Rapid progress of digital transformation among prominent achievements of 2021 • A strong performance in total assets reaching QR 110.7 billion, driven by strong growth in the finance portfolio that exceeded QR 75 billion • Customer deposits reach QR 77 billion (44% increase from 2020) • Shareholders' equity exceeds QR 14.0 billion   Doha –  Qatar, 12 April 2022 – Dukhan Bank convened its virtual ordinary Annual General Meeting (AGM) on Sunday 10 April, 2022. The meeting was chaired by H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, Chairman of the Board of Directors, in the presence of 90% of the Bank’s shareholders. During the AGM, all the ......read more

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

Doha, Qatar - 11, April 2022 – Dukhan Bank has announced the winning names of its latest quarterly draw of Thara’a, its Shariah compliant savings account, at the Bank’s headquarters. As the draw results showed, Thara’a savings account customers Ahmad Al-Mohannadi and Loloh Mohammadi have each won a cash prize of 50,000 Qatari Riyals, as well as Assad Salem and Rim Ali both of whom have won a cash prize worth 25,000 Qatari Riyals. The draw was conducted at the Bank’s headquarters under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. The Thara’a Savings Account draw rewards 501 customers with cash prizes up to 3,970,000 Qatari Riyals. Annually, one winner will take home the grand prize of 1,000,000 Qatari ......read more

Dukhan Bank Launches D-Tap, A New Payment Solution for Merchants

Doha, Qatar:  Dukhan Bank, Qatar's leading banking player, announced the launch of D-Tap (SoftPOS with PIN acceptance), the new smart payment  solution for Merchants. This low-cost, maintenance-free solution allows merchants to accept payments through a variety of contactless-enabled cards and devices as part of Dukhan Bank’s ongoing efforts to enhance its flexible technologically enabled corporate digital services portfolio. With D-Tap, businesses can accept payments from any contactless-enabled card or mobile wallet right from their NFC-enabled Android™ device. This service requires no additional hardware and delivers a quick and convenient payment experience. Merchants also have the option to send the payment receipt via email or SMS. Commenting on the launch of D-Tap, Mr. Talal Ahmed Al-Khaja, Dukhan ......read more

MEEZA Announces Gold Sponsorship of Smart City Expo Doha 2022

MEEZA's leading experts share insights on the needs of the modern day ever-evolving smart cities Doha, Qatar, March 29, 2022: MEEZA, Qatar’s prominent end-to-end managed IT services and solutions provider, has announced it is a Gold Sponsor of the Smart City Expo Doha 2022, held today and tomorrow at Msheireb Downtown Doha. Smart City Expo Doha 2022 is a global platform dedicated to discussing, tackling and solving the challenges facing the cities of tomorrow, with the aims of introducing innovative technology that will contribute to improving the lives of citizens, residents and visitors through achieving social inclusion, sustainability and empowerment. Under the patronage of HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, Prime Minister and Minister of Interior, the Ministry of Communications and ......read more

QLM Life & Medical Insurance Company (Q.P.S.C.) Holds a Blood Donation Drive

QLM Life & Medical Insurance Company - the leading medical and life insurer in Qatar, recently held a blood donation campaign at QLM Main office in the West Bay. The campaign was organized in collaboration with Hamad Medical Corporation (HMC) - Blood Donation Unit. HMC mobilized its blood donation vehicle along with its medical unit to assist in the successful completion of the blood donation drive. For QLM, the blood donation campaign serves as an important Corporate Social Responsibility (CSR) initiative, which creates a scalable impact for the society, environment and people. QLM considers CSR as a cornerstone for the sustainable development of society and spares no effort to fulfil its CSR duties. Through participating in various social initiatives and environmental engagements, QLM has been consistent in demonstrating its ......read more

Dukhan Bank Announces Financial Results for the Year Ended 31 December 2021 A Net Profit Of QAR 1.2 billion with Total Assets exceeded QAR 110 billion mark

Doha-Qatar, 21 March 2022: Dukhan Bank has released its financial results for the year ended 31 December 2021, recording a net profit of QAR 1,193 million. The bank’s robust financial performance during the year has resulted in its total assets to increase to QAR 110.7 billion, representing a significant growth of more than 28% as compared to last year driven by growth under the financing assets and investment securities. Notably financing assets continued to grow to QAR 75.2 billion at end of 31 December 2021 from QAR 58.5 billion at 31 December 2020, representing a remarkable growth of 29%. Further customers’ deposits balance raised to QAR 77.4 billion at end of 2021, which mainly supported the assets growth, increased considerably by 44% compared to QAR 53.9 billion as at 31 December 2020. The bank’s total ......read more

KVG Partners with Al Rayes Group for Kenaf Plantation Expansion

KVG to explore kenaf plantation in the global regions DOHA, 21 MARCH 2022 - Taking lead in the promotion of sustainability using kenaf, Kenaf Venture Global Sdn. Bhd. (KVG) officialise a collaboration with Al Rayes Group through a signed Memorandum of Understanding (MoU). KVG was represented by its Group Chief Executive Officer (Group CEO), Jazman Shahar Abdollah and its Group Executive Director, Irfan Hadi Jazman Shahar while Al Rayes Group was represented by its Chairman, Sheikh Ahmed Al Rayes. The event took place in The Ritz-Carlton, Doha with Ambassador of Malaysia to the state of Qatar, His Excellency Zamshari Shaharan as the witness. “We are pleased to be working with Al Rayes Group in nurturing sustainability through land acquisition for the kenaf plantation and processing line. The partnership can be ......read more

Amlak Finance Announces 2021 Full-Year Financial Results

• Amlak FY21 net group profit stands at AED 1.06 billion and total assets stand at AED 4 billion • The Company successfully concluded the settlement of the arbitration with a net value of approximately AED 875 million  • Debt settlement arrangements yielded AED 465 million gain and contributed in total debt reduction of AED 1,139 million (including Mudaraba Instrument of AED 235 million).   Dubai, UAE: 12 March 2022: Amlak Finance PJSC today announced its full-year financial results for the year ended December 31, 2021. The company focused on prudently managing its UAE operations and balance sheet.    Amlak reported a net profit of AED 1.06 billion for the year ended 31 December 2021 as compared to net loss of AED 438 million for the year ended 31 December ......read more

Snoonu Awarded 'Best Project for Entrepreneurs' at Najah Qatari for Second Consecutive Year

The 5th edition of Najah Qatari festival entitled 'Yesterday's dream is today's reality’ highlighted the most successful Qatari experiences in the fields of innovation, invention, inspiration, and entrepreneurship Doha, Qatar - 11, March 2022: Qatar’s leading tech startup, Snoonu, is delighted to announce that it has won the “Best Project for Entrepreneurs,” for the second consecutive year at Najah Qatari, for their continued contributions in the development of entrepreneurship in Qatar. Founded by Faisal Bin Khalid Al-Otaibi, Najah Qatari or “Qatari Success,” festival is one of Qatar’s most distinguished events which highlight innovation, invention, and entrepreneurship in various sectors in Qatar. The event is attended by several different entities including royal ......read more

Dan Bolton Creative Management Agency joins forces with Trinity Talent Qatar

Forecasts predict that upwards of 1.7 million people could visit Qatar during the Tournament with approximately 500,000 visitors in the country on the busiest days     • Creating extraordinary moments: turning ideas into unforgettable memories     March 09, 2022: Dan Bolton Creative Management Agency, industry leader in creative performances, production, castings, artist management, event design and innovative content creation has partnered with Qatar’s go-to talents solution agency, Trinity Talent Qatar to create together experiences of a lifetime. Their involvement collectively has spanned in many significant events over the last 24 years, including olympics ceremonies, national events, brand campaigns and multi-national product launches.   Forecasts predict that upwards of ......read more

Dukhan Bank Adds Multi Currency Mastercard Prepaid Card to its Cards Portfolio

Doha, Qatar – February 28  2021: Dukhan Bank, Qatar's leading banking player, has announced the launch of its Multi Currency Mastercard Prepaid Card co-branded with Qatar Airways, which allows customers to make transactions in five different widely used currencies from one card. The Multi Currency prepaid card is the ideal international travelling companion that allows users to carry the Qatari Riyal (QAR), United States Dollar (USD), Euro (EUR), Great Britain Pound (GBP) and Turkish Lira (TRY) in one place. The innovative contactless card removes the need to carry multiple cards or physical currencies.  To bring the holders of the Multi Currency Prepaid Card even closer to their travel dreams, customers will enjoy a reward of 1 Qmile for every QAR 10 spent internationally and QAR 20 spent locally. Qmiles can ......read more

QIC Group Net Profit for the Year 2021 Jumps 400% to QAR 630 Million

Doha - 27, February 2022 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results for the year 2021. Following a meeting of the board of Directors on Sunday 27th of February 2022, which was presided over by Mr. Khalifa Abdulla Turki Al Subaey, Chairman & Managing Director of QIC Group, the Board approved the financial results. QIC reported a net profit of QAR 630 million for year 2021 witnessing a 400% rise compared to financial year 2020. The Earnings per share (EPS) amounted to QR 0.143 as of 31st December 2021 versus Earnings per share (EPS) QR (0.004) for the same period in 2020. The Board of Directors proposed a cash dividend distribution of 10% for the year ended 2021.   QIC expands its leadership in a challenging ......read more

Other Top Stories from Banking and Investments
 
Dukhan Bank Launches Personal Finance Campaign With a Low Profit Rate…

Doha, Qatar – 21, February 2022: Dukhan Bank, Qatar’s leading banking player, has announced the launch of its new personal finance campaign that allows new and existing customers to benefit from a profit rate of 3.75% (at a flat 2%) per annum. Dukhan Bank customers can avail the offer for a minimum finance amount of QAR 200,000 booked for a period of 4 years and above. Moreover, ......read more

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

Doha, Qatar – 12 February 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 Donya Alyafei and Amer Sitaboha each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals ......read more

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

Doha, Qatar – 12 February 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 Donya Alyafei and Amer Sitaboha each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded ......read more

QLM Reports Strong Growth of 16% in Net Underwriting Income in FY 2021, Net Profit Stood at QAR 106 ...…

Doha, Qatar, 14th February 2021:  QLM Life and Medical Insurance Company Q.P.S.C, the leading life and medical insurer in Qatar, revealed its financial results for the twelve-months period ending December 31, 2021. The net underwriting income for the Year 2021 increased by 16% and stood at QAR 119.2 million (2020: QAR 102.4 million). The Company’s net profit for the Year 2021 is QAR ......read more

QDB's Qatar FinTech Hub Hosts Wave 3 Demo Day for its Incubator and Accelerator Programs…

Key Opportunities for Investors, Businesses, Financial Institutions in the Middle East Doha, Qatar – 7, February 2022:  Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Wave 3 Demo Day for its flagship Incubator and Accelerator Programs, which will take place virtually on 14 February, ......read more

QNB Continues to be the most Valuable Banking Brand in the Region at USD 7.056 Billion…

Doha, 2, February 2022 - QNB Group, the largest financial institution in the Middle East and Africa, continues to be the most valuable banking brand in the MEA region with a brand value worth USD 7.056 Billion, according to the latest Brand Finance Banking 500 report. QNB’s brand value has grown to USD 7.056 Billion compared to last year’s value of USD 6.107 ......read more

Dukhan Bank Highly Commended at Meed Retail Banker International Trailblazer Awards for the ...…

Doha, Qatar – 31 January 2022. Dukhan Bank, has been ‘Highly Commended’ in the Best Use of Machine Learning category at the 2021 Retail Banker International Trailblazer Awards organized in partnership with MEED, which recognise best in class retail banking institutions and individuals for their innovative service offering and commitment to customer excellence. It is the ......read more

New Report to Chart the Next Chapter of Qatar's Growth Story as the FIFA World Cup 2022 Draws Closer…

Oxford Business Group signs MoU with Qatar Chamber for landmark analysis Doha, January 2022: The investment opportunities emerging across high-potential sectors of Qatar’s economy, including logistics, advanced manufacturing, sport and digital technologies, will be explored in a forthcoming report by the global research and consultancy firm Oxford Business Group (OBG). The Report: ......read more

Super Computing Start-up from Qatar - Spectre System'…

January 18, 2022:  Known for the Vast LNG resources, Qatar has been trying to build an ecosystem to attract world class professionals to setup unique and innovative start-up’s. Spectre LLC setup in Doha, Qatar in 2021 is already pushing the boundaries of High-Performance computing [HPC] available in the region. ‘All businesses have with them different kinds of data which when ......read more

Dukhan Bank Announces the Grand Prize Winner (QAR 1 million) of Thara'a Savings Account…

Doha, Qatar – January 15, 2022 – Dukhan Bank has announced Abdulla Al-Darwish as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce & Industry. Thara’a, Dukhan Bank’s Shari’ah compliant savings account ......read more

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