QIB continues being at the forefront of banking innovations with the launch of a new mobile application dedicated to corporate customers
12 July 2020, Doha, Qatar: As part of QIB’s ongoing efforts to provide innovative digital solutions to empower its customers, Qatar Islamic Bank (QIB) launched a new mobile application, the QIB Corporate App, that is specifically designed to address the financial requirements of its corporate and small and medium enterprises customers.
In recent months, QIB witnessed a surge in the usage of its Corporate Internet Banking platform, with more than 90% of local and international corporate transfers performed through internet banking. With customer-centricity placed at the heart of QIB's digital transformation, the Bank found that its online platform is now ......read more
Doha, Qatar – 09 July 2020: Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, the bank clients Marlo Enriquez and Baina Al-Marri each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Miskath Sharifdeen and Mohamed Alabadi.
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 ......read more
Doha, Qatar - July 02, 2020: Grey Doha, announced the winner for “Best Low Budget Campaign” at the Chartered Institute of Public Relations (CIPR) UK Excellence Awards 2020.
The win followed the unique execution of #ICarryHerName (#be7mol2esma) cultural campaign for Galler Chocolatier Lebanon, a premium Belgium chocolate brand leading quality chocolate production worldwide.
The winning campaign that was launched in Lebanon on Father’s Day 2019 reached a remarkable 1 million users on social media, boosting brand sales and leaving a positive social impact on gender equality, all within a very smart budget.
Recognizing deep-rooted gender biases within Lebanon, Grey Doha used Galler Chocolatier’s position to address the challenge by introducing #ICarryHerName. The hashtag ......read more
Saxo Rewards is a transparent, highly personalized scheme powered by AI and big data
June 23, 2020: Saxo Bank, the leading fintech and regtech specialist focused on multi-asset trading and investment, has introduced Saxo Rewards, a new, highly personalized loyalty program that offers traders and investors the opportunity to qualify for account upgrades by collecting reward points.
The scheme, now available to clients across the MENA region, is an interactive and progressive program across all major asset classes including CFDs, FX, Stocks and Bonds. Clients earn reward points for every qualifying trade made, as well as a variety of other activities. Accumulated points for trading activity will qualify clients for account upgrades and access to better levels of pricing and service.
Steve Weller, CEO ......read more
Doha, Qatar – June 22, 2020: MEEZA, Qatar’s pioneering Data Centre business, revealed the launch of its 4th state-of-the-art Data Centre in Doha, as the latest addition to its nationwide plans, to support Qatar’s digital transformation and smart future.
The new data centre, M-VAULT 4, is part of MEEZA’s accelerated efforts to implement Qatar’s digital transformation agenda toward a knowledge-based economy, in line with the Qatar National Vision 2030. The new Data Centre will provide hosting services that follow global best practices, in the provision of premium data centre services, which will enable all sectors to become more efficient and boost Technological infrastructure.
M-VAULT 4 will be located within the premises of Qatar Science and Technology Park (QSTP), part of Qatar ......read more
Doha, Qatar – 16 June 2020 – Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, the bank clients Megahed Attia and Sufyan Hamid each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Mohamed Dadosh, Nishamul Arakkal, Mohammed Al-Dosari, Shawk Shahbal, Mahmoud Abdelbary, Mohd Alyafei, Wasmiya Al-Haslan, Eleen Elbatneagy, Abdulaziz Al-Kuwari, Taoufik Jeddi, Suba Ebrahim, Saif Al-Sulaiti, Alaeddine Moumeni, Hassan Al-Mutawa, Abdulla Al-Hamadi, Aiman Eltaweel, Salma Abdulaziz, Saifullah Ali, Abdulla Mohammed, Wadha Al-Naimi, Sabeeka Al Kubaisi, Emadelden Mahmoud, Ali Almarri, Ayman Chaabane, Abdulrahman Alyafei, Nasreddine Bouhani, ......read more
Abu Dhabi, 10 June 2020 – Provis has leveraged on its digital transformation programme to ease property sales & leasing, keep customers healthy & engaged, and enable them to remotely manage their properties amid government-mandated health and safety guidelines. Through a series of innovations including 360-degree virtual tours, virtual fitness and entertainment classes, Provis portal and Provis app, the company has provided a convenient and elevated virtual customer experience and real estate journey for its customers and laid the foundations for business in the post-Covid-19 digital economy.
HP Aengaar, CEO at Provis, said: “Provis is well along the roadmap of its digital transformation, and our growing number of technological innovations will continue to add value to our customers. The implemented ......read more
Doha, Qatar 1 June 2020 – The “Better Connections" program, a nationwide initiative targeted at improving the wellbeing of expatriate workers in Qatar, has surpassed its pre-set target of 1.5 million beneficiaries by providing digital inclusion opportunities, to 1,679,000 beneficiaries, within a five year timeframe since its launch.
“Better Connections” was launched in 2014 under the umbrella of the Ministry of Transport and Communications (MOTC) to enhance the social wellbeing of expatriate workers in Qatar by facilitating and promoting digital inclusion. With the support of MOTC, Ministry Administrative Development, Labour & Social Affairs (ADLSA), Reach Out to Asia (ROTA), a program under Education Above All, and other stakeholders, the number of participating companies and beneficiaries ......read more
Counterfeits of door hinges are found in the KSA
Concesio, Italy - (EMAILWIRE.COM) - The following is a notification from ICSA Serrature Srl that the door hinge identified below bears a counterfeit UL Certification Mark. The door hinge has not been evaluated by UL to the appropriate Standards for Safety and it is unknown if they comply with any safety requirements.
Although the door hinges are marked ICSASRL, the door hinges were not manufactured or labeled by ICSA Serrature Srl.
Name of Product: Ball Bearing Hinge
Remedy: ICSA Serrature Srl recommends that these products be immediately removed from service and be replaced with UL Certified door hinges.
Identification on the Product: The product is marked with a counterfeit UL Listing Mark and the ......read more
21 May 2020: KPMG recently released its fifth edition of the ‘GCC listed banks’ results’ report, which analyzes the published results of listed commercial banks across the region for the year ended 31 December 2019. The report, titled ‘New Age Banking’, demonstrates that the UAE’s top ten banks reported positive results in 2019, with an average 13.9 percent growth in net profit, the highest among GCC countries, driven by an increase in the overall loan book and inorganic growth.
The local banking sector continues to show strength and resilience as top UAE banks reported the region’s highest growth in their asset base of 19.5 percent. UAE-based Emirates NBD reported the highest net profit across the GCC, at USD 3.94 million, and the highest return on equity at 21.8 ......read more
Doha, Qatar – 16 May 2020: Barwa Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, the bank clients Aida Abid and Alame Abufidaia each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Mohammed Mohsen, Abdul Rahiman Bangara, Jamal Al-Ammari, Omar Alsmadi, Amna Saleh, Ashruf Al Madi, Husam Aljariri, Ranya Al-Ansari, Raafat Ebdallah, Karthikeyan Chinnan, Yahya Alshafi, Yasser Elmoghazy, Haya Albuainain, Mohamed Al-Abdulla, Mutasem Alasadi, Khalifa Al-Maari, Sanad Abukheraiba, Sundos Ashi, Abdulaziz Alyafei, Baina Al-Neshaira, Fatima Al Mousawi, Najat Al-Muslemani, Noora Awadh, Ahmad Al-Thani, Ahmad Al-Muhannadi, Kiran Patnayakuni, ......read more
• Global trade values fell 3% in the first quarter of 2020
• An estimated quarter-on-quarter decline of 27% is expected in the second quarter
• Commodity prices fell by a record 20% in March, driven by steep drops in oil prices
13 May 2020: The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to the latest UNCTAD data published in a joint report by 36 international organizations.
The downturn is expected to accelerate in the second quarter, with global trade projected to record a quarter-on-quarter decline of 27%, according to the report by the Committee for the Coordination of Statistical Activities (CCSA).
The report is a product of cooperation between the international statistics community and national statistical ......read more
Qatar - May 02, 2020: Despite the prevailing financial market turbulence across the globe, Qatar Insurance Company announces successful issuance of US$300 million perpetual non-call 5.5 year subordinated Tier 2 capital notes. The notes were issued through QIC (Cayman) Limited, a Special Purpose Vehicle incorporated in the Cayman Islands, for the purpose of the issuance and guaranteed by Qatar Insurance Company QSPC. The notes will be rated BBB+ by Standard & Poor’s.
The notes are perpetual in nature with the first call date on 30th October 2025 and callable on every coupon date thereafter.
The initial coupon on the notes has been set at 6.25 percent per annum, payable semi annually. It will be fixed until the first call date. If not called, the coupon on the notes will be reset on the first call ......read more
Dubai, United Arab Emirates, April 29, 2020: Qatar Insurance Company (QIC, QIC Group or the Group), the leading insurer in the MENA region, announced its financial results for the first quarter of 2020. Following a remote meeting presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman and Managing Director, QIC’s Board of Directors approved the Group’s Q1 2020 financial results. The company weathered substantial headwinds related to the global COVID-19 pandemic, the lockdown in most of the leading economies worldwide and an unprecedented levels of capital market volatility. Despite these challenging circumstances, QIC Group reported a 5% increase in gross written premiums to QAR 3.7 billion for Q1 2020, up from QAR 3.5 billion for the corresponding period in 2019. The Group ......read more
• Net Operating Income reached QAR 315 million, up 9% compared to Q1, 2019;
• Operating expenses of QAR 82 million, resulting in a cost/income ratio of 26%;
• Net profit of QAR 177 million, in line with the same period in 2019;
• Loans and Deposits increased by 2.6% and 6.8% year on year
• The Capital Adequacy ratio at quarter-end stood at a healthy 17.5%
Doha, April 25, 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released today its consolidated financial statements for the quarter ended 31 March 2020 with a Net Profit of QAR 177million.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:
“al khaliji’s results for the first quarter of 2020 embody the ......read more
Doha, Qatar – April 19, 2020: First Finance Company, a subsidiary of Barwa Bank Group, has announced that it has postponed payment installments for registered small and medium sized enterprises (SME). FFC’s decision to postpone finance installments and documentary credits dues of its SME customers without additional feeds or profits goes into effect starting March 16 2020 for a period of 6 months. First Finance Company will liaison directly with registered SMEs wishing to defer installments.
The new policy is adopted in line with the decision of the Supreme Committee for Crisis Management to combat (COVID-19(and in response to its negative impact on the economy to help ease financial strains on new and upcoming local businesses during the current period.
First Finance Company ......read more
In line with Qatar’s FinTech strategy, Qatar Development Bank announces the launch of FinTech Incubator and Accelerator programs which will bring together the best of FinTech entrepreneurs to support their local, regional and international growth.
13 April 2020 - Doha, Qatar: In line with Qatar’s FinTech strategy, Qatar Development Bank announced the launch of the FinTech Incubator and Accelerator programs (‘the Programs’). The Programs will cater to local and global FinTech entrepreneurs who are looking for a launchpad and a hub to accelerate their growth.
Run by QDB in collaboration with EY and Medici, the programmes will support the growth of local and international FinTechs by providing a team of international mentors from more than 10 countries, financial and regulatory support, ......read more
Doha- Qatar, 30 March 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announced that its Board of Directors will meet on 15/04/2020 to approve the financial results ending on 31/03/2020.
Doha, Qatar – 19 March 2020: Imar Group, the specialized group in the field of construction and contracting, honored 55 veteran employees from all departments who have been significantly contributing towards building the company’s prominent portfolio and possess an influential track record of workmanship over the past two decades.
The event was hosted alongside the gala dinner organized by Imar Group on the occasion of 25thanniversary of launching its operations and to honor the veterans who have successfully completed ten, fifteen, twenty, and twenty five years with the company and have set an inspirational workmanship benchmark for others to follow.
Thanks to its exceptional and acclaimed record in all the completed projects over the past 25 years, Imar Group has made its mark in the ......read more
Doha, Qatar – 17 March 2020: Al Meera Consumer Goods Company (Q.P.S.C.) held its Annual Ordinary General Assembly on Tuesday, 17th March 2020 at its head office in Qatar Tower, West Bay, in the presence of H.E. Abdulla Abdulaziz Turki Al-Subaie, Chairman of the Board of Directors, as well as members of the Board of Directors, shareholders and investors.
During the year, Al Meera recorded consolidated sales of QAR 3 billion. Gross profit increased 4.5% to QAR 518.6 million. Group gross shops rental income amounted to QAR 74.8 million. The net profit attributable to shareholders increased to QAR 186.6 million, compared to QAR 182.4 million achieved in 2018. Earnings per share improved to QAR 0.93, compared to QAR 0.91 reported in 2018.
The Assembly approved the Board of Directors’ proposal on the ......read more
QIC Insured encourages customers to buy insurances from qic-insured.com
Doha 17, March 2020: In line with the precautions advised by the State of Qatar to counter the spread of COVID-19, QIC Insured, the retail arm of QIC, the leading insurer in the MENA region encourages its customers to visit our website or download “QIC” mobile App to purchase personal insurances. Customers can simply log onto qic-insured.com, which offers a wide range of insurance products and services, namely, car insurance, home contents insurances, PAB insurances, Business Insurance, etc. and purchase the desired insurance from the comfort of their homes, at any time. In fact, QIC Insured’s online platform is equally equipped to manage all queries related to claims management, right from filing to tracking a claim. In the event of ......read more
Doha 11 March 2020: Qatar Insurance Group, the leading insurer in the MENA region honored Senior Deputy Group President & CEO Mr. Ali Al-Fadala for his significant contribution during his farewell ceremony organised at the QIC Headquarters in West Bay. Group President Mr. Khalifa Abdulla Turki Al-Subaie, Group CEO Mr. Salem Al Mannai, and other senior officials of the Group attended the felicitation ceremony.
Mr. Ali Al-Fadala joined Qatar Insurance Company in 1986 and held many key positions within the QIC Group and its entities. In 2010, Ali Fadala was appointed CEO of Daman Islamic Insurance Company (BEEMA), which is a subsidiary of Qatar Insurance Group. In 2013, Mr. Ali Fadala was appointed as the Senior Deputy Group President & CEO of the QIC Group. He was also elected as a member to the Board of Directors of ......read more
• Ericsson and Ooredoo Qatar complete a nationwide network modernization
• Ericsson Spectrum Sharing deployed for smoother and faster 5G coverage nationwide
• Modernized network will help Ooredoo manage data traffic growth and simplify network operations
March 05, 2020: Ericsson (NASDAQ: ERIC) and Ooredoo Qatar have accomplished a major milestone in a network modernization project by completing the upgrade of more than 2,400 sites across Qatar, enhancing the capabilities of Ooredoo's network.
As part of this network modernization, Ooredoo has deployed Ericsson Spectrum Sharing sites on its commercial network in Doha to facilitate an efficient, flexible and smooth evolution towards nationwide 5G coverage. A part of Ericsson’s 5G Platform, Ericsson Spectrum ......read more
Doha, March 01, 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, recognized select employees for their outstanding work as part of its annual staff gathering in Doha held recently at The Ritz-Carlton Doha.
The event was led by al khaliji Group Chairman and Managing Director Sheikh Hamad bin Faisal bin Thani Al-Thani, together ......read more
Doha, Qatar - 27 February 2020: Qatar Finance and Business Academy launched a new Zakat Accounting Certification Program, the first of its kind in Qatar to empower working professionals to obtain internationally accredited certificates utilizing corporate, legal, and modern financial frameworks. The certification program aims to develop professionals to implement modern practices ......read more
Dubai, February 26, 2020: Trade Bank of Iraq (TBI) promoted investment opportunities in Iraq at the Global Trade Review (GTR) MENA 2020 summit held in Dubai and highlighted their commitment towards reconstruction of Iraq through its activities in the trade finance sector.
Several infrastructure projects are underway in Iraq as the country continues to rebuild leading to several ......read more
Doha, 26 February 2020: Shareholders of QIC Group approved the recommended distribution of cash dividend payout at the Annual General Meeting held yesterday at the Grand Hyatt Doha Hotel at West Bay Lagoon. The AGM was chaired by Abdulla bin Khalifa Al-Attiya, Deputy Chairman of the Board of Directors.
During the meeting, the shareholders discussed the Group’s annual ......read more
Doha, Qatar, February 24, 2020: First Finance announced the winners of the promotional campaign that was launched in conjunction with the celebrations of Qatar National Day 2019, for which awards were allocated for 18 iPhone 11 Pro devices.
The campaign, which lasted from December 17, 2019 to January 31, 2020, witnessed great customer interaction. The winners were chosen through a ......read more
Doha, 24 February 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. held the Annual General Meeting (“AGM”) of Shareholders on Sunday 23 February 2020.
At this meeting, the shareholders endorsed the financial statements for the fiscal year that ended on 31 December 2019, which reflect a Net Profit after Tax of QAR 646 million.
His Excellency ......read more
• Campaign celebrates the importance of Arabic language in the daily life
• Coincides with the UN International Mother Language Day
• Especially designed parcel boxes, stamps, post cards, are part of the campaign experience
Doha, Qatar, 23 February 2020: As part of Qatar Post’s mission to connect people to what matters to them the most, the national ......read more
Licence-holders from all top 10 powerhouses now accessing firm’s products
February 19, 2020: Representatives from 387, or 77.4%, of companies listed on the 2019 Fortune Global 500 Index are now using the global research and advisory firm Oxford Business Group (OBG) as a source of reference for their operations, up from 354, or 70.8%, in 2018.
In a ......read more
Doha, Qatar – 19 February 2020: Barwa Bank has announced the launch of its latest campaign on home financing. Qualified applicants will be receiving up to QAR 100,000 in cash when they apply for a home finance. This offer is valid until 30th June 2020.
The QAR 100,000 cash reward is applicable on a financing amount of QR2 million spread over a period of 15 years ......read more
Doha, 17 February 2020: Qatar Insurance Group, the leading insurance conglomerate in the MENA Region recently honored its employees with long service awards for completing service milestones of ten, fifteen, twenty, and twenty five years of service at QIC. The long service award ceremony was held at the QIC headquarters in West Bay.
Long Service Awards are a symbol of QIC Group’s ......read more
Doha, February 13, 2020: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its relentless efforts over years to adapt to market challenges while introducing premium products and services, has won the ‘Best Premium Bank’ Award at the New Age Banking Awards 2020.
The award to al khaliji Commercial was presented in ceremony ......read more
Doha, Qatar – 4th February 2020: First Finance Company, a subsidiary of Barwa Bank Group, announced that its vehicle finance campaign now offers a zero percent down payment to all new and existing customers.
In addition to the no upfront cash requirement, customers can enjoy a grace period of six months on their first installment.
Qualified customers will ......read more
Turning compliance into advantage
Doha, Qatar, 02 February 2020: al khaliji Commercial Bank P.Q.S.C (al khaliji) P.Q.S.C, Qatar’s next generation bank, Silver sponsor of the “Compliance and Combating Financial Crime Conference”, a high-ranking gathering of bankers held at the Sharq Village and Spa from 29-30th January.
The ......read more
QIC reports stable net profit of QAR 671 million in 2019
Doha, 3 February 2020: Qatar Insurance Group, the leading insurer in the MENA region yesterday announced its financial results for 2019. Following a meeting of the Board of Directors, which was presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman & Managing Director, the Board approved the ......read more
Doha, Qatar – 2 February 2020: Barwa Bank has kicked off 2020 with an exciting promotion on their personal finance product by offering a cash reward to all new and existing customers.
Customers applying for a personal finance will enjoy up to a 2% cash reward on their requested amount. Moreover, they can also get a credit card issued against the balance.
The ......read more
Grant Thornton Qatar signs first-time MoU with Oxford Business Group
Doha, January 23, 2020: Qatar’s efforts to broaden its revenue base by introducing extensive changes to the national tax framework will be explored in a forthcoming report by the global research and advisory firm Oxford Business Group (OBG).
Marking OBG’s 15th year of operations in the ......read more
Doha, 20 January 2020: Qatar Insurance, the leading insurer in the Middle East and North Africa region has been recognized as the “Best Personal Insurance Company MENA 2019” at the Global Banking & Finance Review Awards conducted by the Global Banking & Finance review magazine. The award reflects innovation, achievement, strategy, progressive and inspirational ......read more
Doha, 13 January 2020: QIC, the leading insurer in the MENA region has announced the appointment of Mr. Salem Khalaf Al Mannai as the Group CEO of Qatar Insurance Group. Salem has been instrumental in bringing innovative solutions to cement QIC Group’s position as a pioneer in the insurance industry arena, both in the MENA region and across international markets.
A ......read more
Expansion of Al Meera Sealine Branch now completed
Doha-Qatar – 08 January 2020: Al Meera Consumer Goods Company (Q.P.S.C) has announced the opening of its latest location in Rawdat Al Hamama, marking an important mileston in the developing locality and bringing the total number of stores in Qatar to 53. Al Meera also announced that as part of its expansion ......read more
Doha, Qatar - January 08, 2020: Qatar Insurance Company, the flagship insurer in the MENA region is sponsoring the Katara International Exhibition for Kahraman. Commencing from 8 January, the Katara International Exhibition for Kahraman will display rare and expensive beads made of authentic Kahraman (Amber) from around the world.
A first of its kind, the exhibition ......read more
Doha- Qatar, January 06, 2020 - Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 20 January 2020 to approve and disclose year-end 2019 results.
Eco Friendly, Accessible and Reliable to take visitors all around the downtown district
Qatar, January 02, 2020: Msheireb Properties, the national real estate developer and subsidiary of Qatar Foundation, announced yesterday the launch of the much anticipated Msheireb Tram. The new Tramway connects all Downtown Doha, the world’s smartest and most sustainable city ......read more
Doha, Qatar, 23 December 2019: Al Khaliji Commercial Bank P.Q.S.C. (al khaliji), Qatar’s next generation bank, is proud to be collaborating with the Qatar Autism Society (QAS) to help it sustain its mission of providing aid to persons impacted by autism.
The donation was announced at a visit by al khaliji to QAS and was delivered by Hassan al Jaidah, Head of ......read more
Doha, 23 Dec 2019: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the QND celebration at the Katara Cultural Village. Hosted at the Cultural Village the National Day celebration boasted of a lineup of various activities and events that highlighted Qatar’s rich culture and heritage.
Qatar Insurance ......read more
December 23, 2019: Qatar Post has issued a set of two stamps to mark the 2019 FIFA Club World Cup, which was successfully held for the first time in Qatar from 11-21 December 2019.
The stamps are meant to document the sporting journey of Qatar, which is renowned for hosting major global sporting events; they bear the tournament’s trophy evoking the spirit of ......read more