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al khaliji organizes session titled “Risk Management Best practices” for Qatar University students

Doha, November 15, 2017:  In the framework of its social responsibility plan, Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, recently organized an informative session titled “Risk Management Best practices” to students of Banking and Finance at Qatar University.  The session was hosted by Mr. Oliver Schwarzhaupt, al khaliji’s Group Chief Risk Officer, who discussed the different ways university students can explore the field of banking and finance through special initiatives and activities. Through the special event, al khaliji has put its many years of experience and the expertise of its senior executives at the fingertips of Qatar’s younger generation of aspiring professionals, while helping them to gain a new perspective on banking and finance as a sound ......read more

The Qatar Orphan Foundation “Dreama” receives support from al khaliji Bank

Doha, Qatar - 12 November 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, has provided support to the Qatar Orphan Foundation “Dreama”. This comes within the framework of the Bank's social responsibility program, and to serve common humanitarian issues, in support of Dreama’s efforts. The support was delivered by Mr. Hamad Al Kubaisi, the Group’s Head of Human Resources and Administrative affairs, and Ms. Rana Ahmad Al Assaad, Head of Personal Banking, during their visit to Dreama. Mr. Ahmed Hussain, Head of Support Services Department, received support on behalf of Dreama. Al Khaliji is keen on advancing its social responsibility program, and is always committed to supporting human development within the community, emanating from the bank’s core values of ......read more

Al Khaliji Reports a Net Profit of QAR 454 Million for Q3, 2017

Net Operating Income reached QAR 932 million, up 7% compared to the same period in 2016 Operating expenses were QAR 255 million, 5% lower than the same period in 2016  Net profit of QAR 454 million, an increase of 7% compared to the same period last year Customer Deposits grew by 8% year on year to QAR 32.2 billion   Doha, October 24, 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the  nine months to September 30, 2017, reporting a Net Profit of QAR 454 million. This was driven by strong growth of 7% in operating income, effective cost management leading to lower operating expenses and continued prudent provisioning on the credit and investment portfolios.   His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director ......read more

Barwa Bank announces the October draw winners of its Thara'a savings account prize

Doha, Qatar – 15th October 2017:  Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the October draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.  As the draw results showed, Sheikh Ahmad Nooh Al-Thani and Ms. Seham Balawni each won a cash prize of QR 50,000. Also, a cash prize worth QR 25,000 was awarded to the following bank clients: Mr Abdulla Ali Al-Khulaifi, Mr Abdualla Mohammad Al-Kaabi, Mr Surya Prakash Kanchinadham, and Ms Reema Mohamed Al-Maadeed.  The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce. Thara’a offers account holders the chance to benefit from ......read more

Barwa Bank announces the September draw winners of its Thara'a savings account prize

Doha, Qatar – 13 September 2017:  Barwa Bank, Qatar's the most recent Shari’ah compliant banking service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.  As the draw results showed, Mr. Hassan Ahmed A M AL-Mutawa, Mr. Nasser Mohd N AL-Tamimi, Mr.  Ahmad Eliyas A Shibani and Mrs. Aisha Erhama A S AL-Kuwari, each won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients: Mr. Ismail Bin Suboh, Mr.  Ali Hassen A M AL-Mohammadi, Mr. Bibibakhiyar Mahoudinowdaz, Mrs. Amna Saleh H S Alaqili, Mr. Aiexandre   Farhi, Mr. Mohammed Ahmad R A Alnaimi and Mr. Sadaanandh Prem Anandh. The draw was conducted under the supervision of a ......read more

QFBA launches Kawader program for the fifth year in a row

DOHA, Qatar – 12 September 2017:  In light of its ongoing successes, Qatar Finance and Business Academy (QFBA), in cooperation with the Qatar Financial Centre (QFC) Authority  and the country’s banking sector, is launching the new academic term of its Kawader program for the fifth consecutive year, which kicked off on September 10 and will conclude on December 14, 2017. Commenting on the occasion, Dr. Mohammed Abdulla Al-Emadi, Acting CEO of QFBA, said:  "This edition comes in the context of continuing the remarkable success of the Kawader program in its previous terms, with the launch of the new academic term in September, where a number of talented Qatari students will be enrolling to acquire the latest knowledge in the fields of finance and business, in addition to practical training in ......read more

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council (GCC) sovereigns. S&P Global Ratings believes that the impact of a group of states cutting diplomatic ties, as well as trade and transport links, with Qatar on June 5, 2017, may not be confined to within Qatar's borders. We expect that political tensions within the GCC will persist over the next few years, and believe that the boycott of Qatar has illustrated deeper fissures within the group than were previously evident. For the most ......read more

TFI Acquisition of Income Yeilding Asset in Germany

8 August 2017 – Qatar, Doha -  The First Investor (“TFI”), a subsidiary of Barwa Bank Group and the leading Qatari closed shareholding investment banking firm, recently announced the completion of the acquisition of a prime Stuttgart office property via its TFI Europe Income Fund (“The Fund”).  Located in Stuttgart and leased to one of the leading German Automotive Groups. This investment is in line with TFI's strategy to identify attractive opportunities in developed markets like Germany and the UK, where it has already made considerable investments. The Fund, a close ended Shariah-compliant real state fund was recently established by TFI and Inovalis with the focus on investing in the income generating commercial real estate assets in highly lucrative European markets. For the Stuttgart ......read more

al khaliji launches its new Personal Loan for Qataris as part of the Bank's Summer Campaign

Doha, August 05, 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, is offering qualified employees the chance to spend an unforgettable summer and enjoy a worry-free shopping season with the launch of its new Personal Loan for Qataris, as part of the Bank’s Summer Campaign. The new offer, valid until 30 September 2017, provides registered Qatari employees with the opportunity to receive financing of up to QR 2,000,000 at a special 4.5% declining balance interest rate annual (equivalent flat rate 2.42%), as well as 50,000 bonus Nojoom points for new subscribers. In addition, employees availing the special offer during this summer season will also have the chance to win up to 20,000 extra Nojoom points for qualified referrals.  The Nojoom points claimed can then be redeemed for ......read more

Qatar-Based Seib Insurance and Reinsurance Co. LLC Outlook Revised to Positive; ‘BBB', ‘gcAA' Ratings Affirmed

In a short span of one year May 30, 2017 – Doha, Qatar:  In light of its exceptional growth and outstanding performance throughout the past year, Seib Insurance and Reinsurance Company LLC (Seib) S&P Rating has revised its outlook of Seib to positive from stable and affirmed its BBB counterparty credit and insurer financial strength ratings and is also affirming its gcAA Gulf Cooperation Council regional scale rating, indicating the Company’s rapid progress and its strong capacity to meet financial commitments.  A remarkable feat in such a short window of time, Seib’s extraordinary achievement demonstrates the Company’s ability to leverage growth opportunities in challenging economic times and positions it at the level of its renowned international peers. As a National Insurance Company ......read more

Doha Bank Won the “Best Bank Governance – Qatar 2017”

Dubai, May 23, 2017:  Doha Bank won the “Best Bank Governance – Qatar 2017” at Capital Finance International (CFI) co Awards 2017 in Second week of May 2017 at London.  In recognition of the award, Dr. R. Seetharaman Doha Bank CEO said “The Best Bank Governance award is a recognition for Doha Bank Board for its active involvement in promoting excellence in Corporate Governance. It reviews and provide guidance about the alignment of corporate strategy with risk appetite and the internal risk management structure. Doha Bank is recognized as one of the few ‘Domestic Systemically Important Bank’ (DSIB) in Qatar. The Bank is committed to adhering to and promoting good corporate governance at every level within the Bank from the Board of Directors and Senior Management down to branch and ......read more

Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the World Union for Arab Bankers

Doha, Qatar – 22 May 2017:  Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab Bankers (WUAB) on May 12th in Beirut.  The award was received by Mr. Talal Ahmed Al Khaja, Group Chief Communication’s Officer at Barwa Bank during a grand ceremony held in Beirut, attended by an elite group of international financial and banking leaders, industry experts and VIP guests. Commenting on winning the prestigious award, Mr. Khalid Al Subaie, Group Chief Executive Officer at Barwa Bank, said:  “At Barwa Bank, we are driven by a dedicated pursuit of ......read more

Doha Bank Wins “Best Regional Commercial Bank” at Banker Awards 2017

Dubai, May 14, 2017:  Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017. The awards were presented in Dubai on 11th May 2017 at Emirates Tower Hotel, Dubai. Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank and said “To be recognised as the foremost commercial bank in the Middle East for a fifth straight year is a firm acknowledgement of the effectiveness of Doha Bank's business strategy and the value it provides to its various stakeholders. In 2016 through the efficient asset allocation model the return on average Shareholders’ equity was 12.1% and return on average assets was 1.21% which is a clear demonstration of the effective utilization of funds. Some of the major initiatives in ......read more

Doha Bank Exchange Traded Fund (ETF) in final phase

Dubai, May 10, 2017:  Qatar Exchange and HSBC organized the Annual Investment Forum 2017 on 8-9 May 2017 at New York Palace Hotel.  Mr. Rashid Ali Al-Mansoori, Qatar Exchange CEO   said, “Qatar exchange aims to provide more products this year to encourage investments from global investors. The Exchange traded fund (ETF) is part of this initiative of Qatar Exchange. This would result in increase in inflows to Qatar economy both from the region and from globe and thereby promote sustainability.” On the sidelines of the forum, Dr. R. Seetharaman CEO of Doha Bank gave insight on Qatar economy and Doha Bank ETF progress. He said “Qatar economy expected to grow by 3.4 percent in 2017. Qatar continues to follow its non- hydrocarbon diversification model and prudent fiscal management amidst low oil prices. In ......read more

Siemens wins EUR790 million substation contract in Qatar

Biggest-ever contract for Siemens in Qatar Contract for 35 substations received from KAHRAMAA    Project supports country’s ambitions for a reliable power transmission network  Dubai, UAE, May 8, 2017:  State-owned utility Qatar General Water & Electricity Corporation (KAHRAMAA) has awarded Siemens the largest contract to-date in Qatar for the expansion of the country’s power transmission network. As part of the deal, valued at EUR790 million (QAR3.1 billion), Siemens will deliver 35 turnkey super and primary substations for Phase 13 of the Qatar Power Transmission System Expansion project. This marks a significant milestone for Siemens, which has maintained involvement in every stage of the project since Phase 4. Completion is scheduled in two years’ time. Siemens will be responsible ......read more

QNB Group inaugurates its Riyadh branch in Saudi Arabia

QNB Group CEO: Entry into the Saudi market is due to QNB’s competitive edge Riyadh, 6th May 2017:  QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh, Kingdom of Saudi Arabia (KSA). Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held under the patronage and presence of H.E. Dr. Ahmed bin Abdul Karim Al-Khulaifi, Governor of the Saudi Arabian Monetary Authority (SAMA), H.E. Sheikh Abdullah Bin Saud Al Thani, Governor of Qatar Central Bank, Mr. Ali Ahmed Al-Kuwari, QNB Group CEO, and a number of Qatari diplomats.  Through its branch, located in the Saudi Capital of Riyadh, and its business hub extending along King Fahd road, QNB Group will provide a comprehensive suite of ......read more

Barwa Bank launches a new credit card in partnership with Qatar Charity

Doha, Qatar – 03 May 2017 – In the framework of giving back to the community in which it operates, Barwa Bank, Qatar’s most progressive Shari’ah-compliant service provider, has launched the country’s first ever credit card that cares for the society, in partnership with Qatar Charity, during a press conference that was held on May 3rd at Sharq Hotel in presence of the local media representatives. The new Barwa Bank Qatar Charity co-branded credit card empowers its holders to make a difference in the community with every purchase they make, through a charity contribution that is made by Barwa Bank every time a client uses the card. The introduction of the new card to the Bank’s clients comes in anticipation of the blessed month of Ramadan, and honors the Holy Month’s values and deeds of charity ......read more

Forbes Middle East honours Al Meera for its contribution in developing Qatar's economy

Doha, Qatar – May 03, 2017 – Forbes Middle East, in partnership with the Minsitry of Economy and Commerce, recognized Qatar’s top 40 listed companies in a ceremony titled ‘Celebrating Qatar’s Success’, held recently at St. Regis Doha. During the ceremony, Al Meera Consumer Goods Company (Q.S.C), received an accodlade from Forbes Middle East in recognition of its fruitful efforts and winning achievements for the Company, the retail sector and Qatar’s economy, and for its impressionable role in supporting Qatar’s economy towards another successful era. The Company took home the coveted trophy during a special ceremony that celebrated individuals and businesses that have made strides in taking the peninsula’s economic and social status to greater new heights. The event was held ......read more

al khaliji wins ‘Al Dhameen Best Partner Bank Award' for 2017

Doha, May 03, 2017 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its relentless support to local entrepreneurs and Small and Medium Enterprises (SMEs) in the country, has won “Al Dhameen Best Partner Bank Award” for 2017 by Qatar Development bank (QDB).  al khaliji claimed the coveted title following its short-listing for the award, along with other high profile financial institutions, during a gala dinner ceremony that was recently held at the Four Seasons Hotel Doha, in the presence of the Governor of Qatar Central Bank HE Sheikh Abdulla Bin Saoud Al-Thani, QDB CEO Mr. Abdulaziz Bin Nasser Al Khalifa, QDB Executive Director of Business Finance Mr. Khalid Abdulla Al Mana, Al Dhameen Manager Ms. Jawaher Humaid Al Noaimi and VIP guests. Commenting on ......read more

QIC Group reports 15% growth in GWP to QAR 3 billion in Q1 2017

Doha, 26 April 2017:  Qatar Insurance, Qatar’s leading insurer in Qatar and the Middle East North African region has made a good start to the year by chalking up robust financial results for the first quarter of 2017.  The Board of Directors approved the consolidated financial results at the board meeting that was held recently. On the back of solid expansion across its key geographical markets, lines of business and client segments, QIC Group’s performance and reported pace of premium growth for Q1 2017 is in line with the company’s expectations. The group was successful at delivering a stable performance due to steady flow of income which stemmed from its prudent underwriting and investment prowess. Despite economic downturn and market volatility, QIC Group recorded 15% growth in Gross Written ......read more

Doha Bank Hosts Its Annual ‘Beach Clean-up' Event to Celebrate the Earth Day in Collaboration with the Ministry of Municipality and Environment and the Al Wakra Municipality

Dubai, April 24, 2017: Continuing its efforts to spread the message of environmental protection and sustainable living, Doha Bank joined hands with Qatar’s Ministry of Municipality and Environment (MME) and the Al Wakra Municipality to host a ‘Beach Clean-up’ event at Al Wakra Beach, under the theme ‘Save The Beaches For The Future’ to show its commitment to the environment and in celebration of the Earth Day global event on 22nd April 2017. Aimed at creating greater community awareness about the need to protect and preserve the natural environment and keep the marine habitat safe and trash-free, the Beach Clean-up event was led by Doha Bank’s Management and volunteer staff members who actively picked up litter and trash collected along the shoreline.  Commenting on the event, Dr. R. ......read more

Doha Bank achieves 2.9% profit growth with impressive ratios

Dubai, April 19, 2017: His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced Doha Bank's financial results for the first quarter of 2017. Net profit for the first quarter of 2017 recorded an impressive QAR 364 million as compared to QAR 354 million for the same period in 2016 showing an increase of 2.9%. H.E. Sheikh Fahad said “This is another outstanding result and is clear demonstration that Doha Bank continues to perform consistently.” The Bank increased net operating income by 1.0% to QAR 724 million. Total assets increased by QAR 6.1 billion, a growth of 7.2%, from QAR 84.6 billion as at 31 March 2016 to QAR 90.7 billion as at 31 March 2017. Net loans and advances increased to QAR 59.5 billion as at 31 March 2017 from QAR 56.8 billion for the same ......read more

Barwa Bank announces the April draw winners of its Thara'a savings account prize

Doha, Qatar – 16 April 2017 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of their most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ali Laith Rasheed and Mr. Morad Mohamed Tonsi Mohamed Ragab each won a cash prize of QR 50,000. Also, a cash prize worth QR 25,000 was awarded to the following bank clients: Kayingil Mohamed Kutty Abdutty, Naseer Ahmed Madni, Mohamed Nacer Samaali, and Abdulla Demen M M Al Muhannadi. The April draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce. Thara’a offers account holders the chance to benefit from cash rewards ......read more

QIC Insured is the official insurance partner of the Qatar Motor Show 2017

QIC Insured launches “Pay your full car insurance in easy installments” at the Qatar Motor Show Doha, 18 April, 2017: QIC Insured, the personal insurance division of QIC- Qatar’s leading insurer is the official insurance partner for this year’s Qatar Motor Show which starts from April 18 at the Doha Exhibition and Convention Centre (DECC). At the motor show, QIC Insured launched the all new “Pay your full car insurance in easy installments”. With the new pay-in-installment scheme, customers can simply pay for their car insurance in four easy installments without having to pay any interest. Commenting on the launch of this new payment scheme Ahmad Mohammed Zebeib Senior Retail Manager in-Charge states, “At QIC Insured, we always make it easy for our customers. We understand our ......read more

The 34th International Finals of the Global Management Challenge concludes in Doha and the winners announced

Doha, Qatar - April 15, 2017 – The 34th International Finals for the Global Management Challenge (GMC) competition has recently concluded in Doha, which was hosted by the Qatar Finance and Business Academy (QFBA), in cooperation with ADNAR Group, in the period from 10 to 12 April 2017. The final results of the GMC competition showed the National Team of Macau taking the lead, which scored the highest level of investment performance during the International Finals, culminating in its crowning as the “GMC winner of the year”. The awards and gala dinner ceremony was held under the patronage of the Deputy Governor of Qatar's Central Bank, HE Sheikh Fahad Faisal Al Thani, who handed over the awards to Macau team who came in the first place, the Russian team on the second place, and the People's Republic of China ......read more

Other Top Stories from Banking and Investments
 
Milaha Reports Net Profit of QR 236 Million for Q1 2017…

April 25, 2017. Dubai, UAE- Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the three months ended March 31, 2017.   Key financial highlights: •    Operating revenues of QR 648 million for the three months ended March 31, 2017, compared to QR 767 million for the same period in 2016 •    Operating profit of QR 185 million for the three ......read more

Doha Bank Re-ignites Qatar's Property Market with New Loan Offer at 3.99% with 12 Months Payment ...…

Dubai, April 13, 2017 – Doha Bank announced the launch of its new retail home loan offer which now features an interest rate of 3.99% for the first year. What makes this offer so irresistible is also the 12 months payment holiday offered to customers with a an option to get up to QAR 20,000 to offset the early settlement fees whenever you are transferring your home loan from another bank to ......read more

Changing dynamics make financial markets more volatile, says Doha Bank Group CEO…

Dubai, April 11, 2017: Doha Bank hosted a knowledge sharing event titled “New world order and opportunities” at Jumeirah at Etihad Towers in Abu Dhabi recently. The speakers at the event were Mr. Craig Wing, Partner and Future Strategist at Future World and Mr. Kamal Sharma, Director & G10 FX Strategist, Bank of America Merrill Lynch Global Research. Speaking at the event Dr. ......read more

QNB: Financial Results For The Three Months Ended 31 March 2017…

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2017. For the three months ended 31 March 2017, Net Profit reached QAR3.2 billion (USD0.9 billion), up by 12% compared to previous year, delivering a consistently high profitability. Total assets increased by 35% from March 2016 to reach QAR743 ......read more

Intesa Sanpaolo expands corporate & investment banking in the UAE and Qatar…

New offices opened in Doha and Abu Dhabi  The new offices, alongside its existing Dubai presence, will be part of the Intesa Sanpaolo Corporate and Investment Banking Division (CIB) which has a growing footprint in 29 countries. The increased presence and commitment to the Gulf region will help support the international growth plans of Italian businesses, as well as strengthen the ......read more

ICAI Dubai Felicitates Doha Bank CEO…

Dubai, April 11, 2017: The ICAI – Dubai Annual Conference was held on 7th and 8th April 2017 at the Emirates Institute of Banking and Financial Studies, Academic City, Dubai. The Theme of the Conference was: "FUTURE OF FUTURE” H.H. Sheikh Nahyan Bin Mubarak Al Nahyan, Honourable Cabinet Member & Minister of Culture & Knowledge Development, Government of UAE inaugurated ......read more

Qatar First Bank held AGM…

6th April, 2017 (Doha, QATAR) : Qatar First Bank L.L.C. (Public) “QFB” held its Annual General Meeting (AGM) yesterday to discuss the bank’s results and future outlook after releasing financials for the year ended 31 December 2016 and announcing the launch of the second phase of the cost rationalisation plan. QFB’s Board of Directors, chaired by QFB chairman Abdulla Bin ......read more

Majid Al Futtaim Fashion Announces Franchise Partnership With Crate & Barrel…

Home Furnishings Specialty Retail brand marks Majid Al Futtaim’s first entry into the Home Fashion and Furniture market Dubai, UAE – April 3, 2017: Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Asia, today announced the signing of an agreement with Crate and Barrel to operate their stores and showrooms in ......read more

QIC Insured's Road Safety Monitor highlights increase in Qatar's road safety…

QIC Insured presents the findings of the next cycle of ‘Qatar Road Safety Monitor’, a unique perception study of driving behaviour in Qatar Improved road infrastructure: roads have become less dangerous overall Positive perception trends: increased driving enjoyment, reduced commute time and speeding Stable perception trends: tailgating, distracted driving and lane ......read more

Amazon to Acquire SOUQ.com…

Dubai, UAE, March 29, 2017:  Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide. “Amazon’s entry into the region reflects the visionary foresight ......read more

Doha Bank switches off for Earth Hour…

Dubai, March 27, 2017:  Affirming its commitment to supporting climate change action and raising awareness about energy conservation, Doha Bank switched off the lights in its corporate headquarters and select branches across Qatar Saturday evening as part of its participation in the 11th annual Earth Hour. A people’s movement organized annually by the World Wide Fund for Nature (WWF), ......read more

Doha Bank honoured with “Company of the Year Award” by Qatar University…

Dubai, March 21, 2017:  Doha Bank, one of Qatar’s largest private commercial banks, was honored “company of the year award” by Qatar University on 20th March. On receiving the Award from Dr. Hassan Rashid Al-Derham, President of Qatar University, Dr. R. Seetharaman, Doha Bank CEO said the award was given for Doha Bank’s contribution to sustainable development in ......read more

Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017…

Dubai, March 16, 2017:   Doha Bank, one of Qatar’s largest private commercial banks, was named the Best Trade Finance Bank in Qatar at the Global Finance Awards 2017. Awarded by the Global Finance magazine, the annual award is considered one of the most prestigious in the banking and finance world, and recognizes leading trade finance providers in 9 regions and 84 countries around ......read more

Qatar First Bank announces 2016 year-end financial results…

14th March, 2017 (Doha, QATAR) : Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has released its financial results for the year ended 31 December 2016 and announced the launch of the second phase of its cost rationalisation plan. QFB recorded a net loss of QAR 265.6 million resulting ......read more

al khaliji organizes a nutrition awareness event for the Bank's staff…

Doha, Qatar – 08 February 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in the framework of its multifaceted Corporate Social Responsibility (CSR) program, and in collaboration with Lite n’ Appetite Health and Diet Food Center (Lite n’ Appetite), recently organized a special nutrition awareness event titled “Together for a ......read more

Doha Bank Announces the Launch of the New ‘Doha Bank My Book Qatar' Co-branded Mobile App…

Amazing Buy 1 Get 1 Free Offers Savings Up to QAR 250000  Feature-packed mobile app brings hundreds of irresistible offers at the fingertips of Doha Bank’s credit cardholders at more than 300 outlets in Qatar Dubai, 09 March, 2017:  Doha Bank, one of the largest commercial banks in the State of Qatar, has unveiled a new co-branded mobile application ‘Doha Bank My Book ......read more

MoTC and Accenture Sign MOU to Power Smart Qatar Program ‘TASMU' with Digital Innovation…

Doha, Qatar; 9 March, 2017:  At Qatar's biggest digital event, the QITCOM Exhibition and Conference, the Ministry of Transport and Communications (MoTC) and Accenture (NYSE: ACN), a leading global professional services company, signed an MOU to develop an Innovation Management Capability to source and apply digital technologies and social innovations. The MOU is part of the ambitious ......read more

The Resolutions of the General Assembly Meeting of the Shareholders…

Doha Bank to increase capital by 20% to QR 3,100,467,024 Dubai,UAE,March 07, 2017: H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the EGM has agreed in its meeting held on 06 March 2017 to increase the bank’s capital from QR 2,583,722,520 to up to QR 3,100,467,024 (representing an increase of 20% from the current paid-up share capital) by ......read more

Barwa Bank's AGM Approves 13.5% Cash Dividend for Shareholders…

A strong performance in total asset standing at 46 billion QR, driven by a strong growth in the finance portfolio that reached 29.8 billion QR. Customer deposits reached 29.9 billion QR with a 17.7% growth rate. Doha, Qatar, 1 March 2017:  Barwa Bank convened its Annual General Meeting (AGM) on Monday the 27th of February 2017, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al ......read more

Dhofar Global reinforces presence in Qatar via opening of new office…

UAE, Feburary 28, 2017 – Dhofar Global, a leading supplier of hygiene care products in the Middle East, has further strengthened its presence in Qatar following the recent opening of its new state-of-the-art headquarters in the country in line with its comprehensive expansion plan and full commitment to better address the needs of the thriving local market. Dhofar Global’s move also ......read more

al khaliji named Qatar's ‘Fastest Growing Private Bank' by International Finance Magazine…

Doha, January 26, 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its outstanding achievements and solid performance has been named Qatar’s ‘Fastest Growing Private Bank’ for 2016, by the London-based International Finance Magazine (IFM). The prestigious IFM award adds yet another coveted title to the slew of ......read more

al khaliji Annual General Assembly Endorses 2016 Financial Statements and Approves Distribution of ...…

Doha, 21 February 2017:  Al Khalij Commercial Bank (al khaliji) Q.S.C. held its Annual General Assembly (AGA) and its Extraordinary General Assembly (EGA) meetings on Monday 20 February 2017.  At the Annual General Assembly meeting, the shareholders endorsed the financial statements for the fiscal year ended at 31 December 2016 which reflect a Net Profit after Tax of QAR 427 ......read more

Barwa Bank announces the 15th draw winners of its Thara'a savings account prize…

Doha, Qatar – 20 February 2016:  Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 15th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Khalifa Ali K A Al-Kubaisi, Ms. Nouf Ibrahim A H Al-Sada, Mr. Mohd Alawi S A Al Yafei and Mr. ......read more

Diversification will lead to new strategic alliances between Qatar and South Korea…

Dubai, February 19, 2017:  Doha Bank hosted a Knowledge Sharing Session on “Changing Global Dynamics and Opportunities” on Thursday the 16th February 2017 from 6.30 pm at Lotte Hotel, Seoul, South Korea. H.E Mr. Kim Jin-Soo, Secretary General, Korea Arab Society attended the event. The event also witnessed participation from Qatar embassy, Oman embassy and Kuwait embassy in ......read more

The First Investor awarded ‘Best GCC Equity Fund' at the MENA Fund Manager Performance Awards…

Doha, Qatar – 19 February, 2017:  The First Investor (TFI), the leading Qatari Islamic investment banking firm, a subsidiary of Barwa Bank Group, has been awarded the “Best GCC Equity Fund” for its flagship product “The First Investor GCC Equity Opportunities Fund (Q)”. The award was announced at the “MENA Fund Manager Performance Awards” held in the ......read more

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