Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
Dukhan Bank Announces The Launch of the First Limited Edition, Eco-friendly Prepaid Card in Qatar

Doha, Qatar – 05, December 2021:   In celebration of Qatar National Day 2021, Dukhan Bank has launched a first limited-edition of eco-friendly prepaid card in Qatar inspired by National Day. Applicants, whether new or existing customers, will also receive 1,800 additional DAwards points under the Bank’s highly popular Rewards program. Issued by one of Qatar’s leading banks, this specially created card will be available only until 31 December 2021. Its benefits relate particularly to travel, where carrying a prepaid card allows to manage the expenses in a better way.  Made from a recyclable material, the new card is Qatar’s first eco-friendly payment card, setting the standard for how businesses can design, use and reuse plastics. This responsible use of resources supports Qatar’s ......read more

Masraf Al Rayan and Al Khaliji Complete Merger

• First merger of publicly listed banks in Qatar, creating one of the largest Shari’ah compliant banks in the region with over QAR182 billion in total assets • With a robust capital position, and strong liquidity, the bank is in a prime position to accelerate Qatar’s journey towards Vision 2030 • Operating as Masraf Al Rayan with its head office in Lusail City, Qatar • Customers will continue to be served as normal as products and services are integrated during 2022   Doha, December 04,  2021: Masraf Al Rayan (“Al Rayan”) Q.P.S.C. announces the successful completion of the legal merger (the “Merger”) with Al Khalij Commercial Bank (al khaliji) P.Q.S.C. Effective today, the two banks are considered one legal entity bearing the Masraf Al Rayan name (MARK) ......read more

Dukhan Bank Launches Personal Finance Campaign on the Occasion of Qatar National Day

Doha, Qatar – December 04, 2021:  In celebration of Qatar National Day 2021, Dukhan Bank has launched a new campaign for personal finance. Successful applicants, whether new and existing customers, will enjoy a grace period of up to 18 months and will also receive 18,000 additional DAwards points under the Bank’s highly popular Rewards program.  The minimum amount of finance is QAR 200,000, borrowed over a period of at least 4 years. This campaign will run from 1 to 18 December 2021. Commenting on the launch of the campaign, Dukhan Bank stated: “Always looking to reward our customers, we work constantly to improve and refine our personal finance products, aiming to ensure they are the best in the market. Once again this year, to celebrate Qatar National Day, we are launching a promotional ......read more

Dukhan Bank Announces Financial Results for the Third Quarter of 2021; Achieves Profit Growth of 12% to Reach QAR 900 Million

Doha-Qatar, November 28, 2021 - Dukhan Bank has released its financial results for the third quarter of 2021, recording a net profit of QAR 900 million, thus implying a 12% robust growth compared to the same period of last year.  The total income for the nine-month period ending September 30, increased to QAR 2,943 million resulting in a growth rate of 5% compared to QAR 2,805 million during the same period in 2020. The total expenses, including finance costs, reduced from QAR 730 million in 2020 to QAR 636 million in 2021 by 13%.  The bank’s robust financial performance in the third quarter has also resulted in its total assets to increase to QAR 103.5 billion, representing a significant growth of 29% compared to the same period in 2020 and of 20% compared to December 2020. Financing assets continued to grow ......read more

MEEZA Reveals the Launch of its 4th M-VAULT 4 Data Center Building in Concurrence with its 13th Anniversary Celebrations

Doha, Qatar - 27 November 2021: His Excellency Mohammed bin Ali Al-Mannai, Minister of Communications and Information Technology launched the 4th data center building of MEEZA “M-VAULT 4”, leading Managed IT Services and Solutions provider. The new data centre building hosts Microsoft Cloud data centre region offering cloud services to customers in Qatar, the region, and the world. The new data center building M-VAULT 4 was launched during an official ceremony that was attended by high-level attendees; His Excellency Mohammed bin Ali Al-Mannai, Minister of Communications and Information Technology, Sheikh Hamad bin Abdulla Al-Thani, Chairman of the Board of Directors of MEEZA and Chief Executive Officer of Vodafone Qatar, and Lana Khalaf, the Microsoft Qatar Country Manager. The newly launched M-VAULT 4 data center ......read more

Dukhan Bank Names 10 Winners to Exclusive Hospitality Packages for FIFA Arab Cup Qatar 2021™

Doha, Qatar – 23, November 2021:  Dukhan Bank, Qatar's leading banking player, has announced the winners for its exclusive hospitality package giveaways for the FIFA Arab Cup Qatar 2021™ in partnership with Visa. The ten winners namely Ahmed Moahmmed Al-Emadi, Camille Dirani, Hamid Raza Hamid, Ahmad Atiq Alnaimi, Abdulla Hassen Al-Abdulla, Mohammed Adel Abu-Karbal, Antonio Milano, Ahmad Yousif Al-Mal, Abdulla Ahmed Emadi and Essa Abdulla Al-Muhanadi will be entitled to hospitality packages that include FIFA Arab Cup™ opening match tickets (Category 1), stadium pre-match hospitality, Meet and Greet event at the hotel lobby, ground transportation to and from the event, and Visa | FIFA Arab Cup™ branded gifts. Winners can enjoy the package with a plus one guest. The FIFA Arab Cup Qatar ......read more

QIC Group Successfully Participates in Qatar Travel Mart 2021

November 23, 2021: Qatar Insurance Group, the leading insurer in Qatar and the MENA region has successfully participated and sponsored Qatar Travel Mart (QTM 2021) – the first exhibition of its kind in Qatar to promote both inbound and outbound tourism, which catered specifically to the travel and tourism industry. In line with QIC Group’s CSR priorities and initiatives for the tourism sector and continuous efforts to support and strengthen the tourism industry in Qatar the sponsorship provided a platform and marketplace for a mutual relationship to both local and international businesses.  As a pioneer in insurance industry, QIC Group showcased the latest innovation, development, technology, coverages and research accumulation in travel insurance in a unique and innovative exhibition area which attracted many ......read more

Dukhan Bank Launches AI Powered Virtual Assistant ‘Rashid' Online and on WhatsApp

Doha - 21, November 2021:  In yet another leap towards improving customer convenience and offering a seamless banking experience, Dukhan Bank, Qatar's leading banking player, has launched an interactive, multi-channel virtual assistant “Rashid” to assist customers with online inquiries in an easy and fast manner. Inspired by its name that means “guide”, Rashid aims to respond to customer questions using improvisation and adaptability through English and Arabic during interaction.  Rashid provides a host of services to customers from locating the closest branch or the nearest ATM and discovering nearby merchant offers through geolocation services to providing information about the Bank’s products and services, connecting with customer service members and checking foreign currency exchange ......read more

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

Doha, Qatar – 14 November 2021:   Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Ahmed Own and Mohamed Aladem each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Anjumanara Mohammedkhan, Ghazi Babiker, Hend Al-Sunaidi, Mohammed Al-Kuwari, Babiker Ali, Emad Daher, Mamoun Khalil, Abubaker Abusalem, Saad Al-Hemaidi, Nasser Al-Hemaidi, Lulwa Bureshaid, Abdulrahim Basulaiman, Manar Al-Kuwari, Abdulla Al-Shafai, Tahra Alqattali, Mohamed Warsama, Abdulla Al-Mansoori, Maryam Alyafei, Mohammed Hamad, Ali and Hamad Al-Kubaisi, Noof Al-Nesairi, Amal Al-Atteya, Nasser Al-Qahtani, Maryam Al-Mannai, Janino ......read more

Results of AACO 54th AGM

Doha – November 13, 2021:  AACO 54th Annual General Meeting, that was held today in Doha-Qatar, decided the adoption of “net zero emissions” target as of 2050, based on the following strategy which relates to the joint responsibility of all sectors concerned with civil aviation. The AGM also called upon the European Union to respect the clause included in the annex of ICAO Assembly Resolution A39-2 and the clause included in the preamble of ICAO Assembly Resolution A39-3 on not imposing unilateral initiatives and to return to the global consensus that took place within the framework of ICAO. The resolution reaffirms the importance of respecting the Chicago convention and the Bilateral Air Services Agreements in all matters related to civil aviation and international air transport, including all affairs related to ......read more

Qatar Fund for Development Addresses Critical Food Security Needs in Yemen Through Its Support of the World Food Programme

The contribution will support over 7 million people facing food insecurity DOHA – November 13, 2021:  Qatar Fund for Development (QFFD) has signed an agreement with the World Food Programme for a generous contribution of US$90 million supporting humanitarian operations to address critical food security needs in Yemen, where conflict, economic decline and the impact of the COVID-19 pandemic are putting millions in danger of slipping into famine. The agreement formalizes an announcement made by the state of Qatar in July. The much-needed contribution has already helped WFP to address critical funding shortfalls and ensured the continued provision of life-saving food and nutrition assistance to some 7 million people in Yemen. “Today we need to stand together hand in hand to address the critical food security needs ......read more

Leading US Residency Program Directors Connect with WCM-Q

Doha – November 10, 2021: Professors from elite US healthcare institutions virtually connected with students and faculty at Weill Cornell Medicine-Qatar during the annual Visiting Professorship Program (VPP), this year held online for the first time owing to the pandemic.  THE VPP was established in 2013 to introduce WCM-Q as an elite international medical school that graduates students who are extremely well prepared to enter residency training at Hamad Medical Corporation (HMC) and internationally, and for the visiting professors to share their expertise with the faculty and students of WCM-Q. The two-day VPP was student-centric and gave WCM-Q students a myriad of opportunities to explore medical career options and ask questions about preparation for residency training.  Participating in this year’s program ......read more

Al Meera and Masraf Al Rayan Introduce a New Partnership for Loyalty Members

Doha, Qatar – 10, November 2021:   Al Meera Consumer Goods Company (Q.P.S.C.) and Masraf Al Rayan have announced a new partnership that will allow Masraf Al Rayan credit card holders to convert their points to Meera Rewards points for faster redemption while shopping at any Al Meera branch.   Running one of the most lucrative loyalty programmes, Meera Rewards allows members to benefit from weekly and monthly promotions that give back 20% and 10% value in points. Moreover, special campaigns run continuously that give customers a chance to earn quickly through double points and   five times the points in selected categories. Under the partnership, Al Meera customers will have the opportunity to avail their rewards at a wider array of outlets in addition to earning on their daily ......read more

General Opening of the 54th Annual General Meeting of the Arab Air Carriers' Organization

Doha – November 10, 2021:  The 54th Annual General Meeting of the Arab Air Carriers’ Organization (AACO) will be held between 10 and 12 November 2021 at the “Sheraton Resort & Convention Hotel”, under the patronage of H.E Mr. Jassim bin Saif bin Ahmed Al Sulaiti, Qatar’s Minister of Transport, and by kind invitation of H.E. Mr. Akbar Al Baker, Group Chief Executive, Qatar Airways and Chairman of the 54th AGM, with the participation of more than 200 Arab and global aviation experts gathering Chief Executive Officers of AACO member airlines, partner airlines and industry partners from aircraft and engine manufacturers, global distribution systems, information technology partners, and others. The Director General of the Arab Civil Aviation Organization, the Director General for Mobility and ......read more

Dukhan Bank Launches Qatar Mobile Payment (QMP)

Doha, Qatar – November 02, 2021:  Dukhan Bank, Qatar's leading banking player, has announced the launch of its new Qatar Mobile Payment service (QMP) via mobile application as a cashless and card less payment service in view of the increasingly digitally-driven financial needs of its customers. The launch of QMP aligns with Qatar Central Bank’s Qatar Mobile Payments initiative that unifies cashless payments across the board. The QMP service is available through the Dukhan Bank mobile application linked to the customers’ account and mobile number. Customers can make instant transfers to other wallets within Dukhan Bank and to wallets of customers at other banks that are registered under QMP. The process is as simple as adding the beneficiary mobile number from the phone ‘Contact List’. Moreover, ......read more

Chedid Re named “Reinsurance Broker of the Year” for the 6th Time'

Doha, November 01, 2021:   Chedid Re, a company of Chedid Capital, was named “Reinsurance Broker of The Year” at the Middle East Insurance Industry Awards 2021 for the 6th time, five in a row, making it the most winning company in this category, a record for this prestigious industry award. Organized by MEIR (Middle East Insurance Review), the 8th ceremony edition was held in a virtual format again this year, due to the circumstances of the Covid-19 pandemic.  This win is a testimony to Chedid Re’s strong operations, market expertise and ability to respond to market trends. Since its establishment 23 years ago, the pillars of Chedid Re’s success have remained unchanged such as its strong network of affiliates across three continents, its substantial portfolio and investments into market ......read more

Firm Foundations and Digital Transformation Put Qatar's Banking Sector on Track for Strong Recovery

Oxford Business Group and Dukhan Bank launch new Covid-19 Response Report  Doha, October 31, 2021: A new Covid-19 Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with Dukhan Bank, explores the key contributions that the banking sector and Islamic finance segment are set to make to post-pandemic growth. The report provides in-depth analysis of the general banking sector’s performance before and during the pandemic in an easy-to-navigate and accessible format, focusing on key data and infographics.  The report notes that strong fundamentals and a positive performance in key risk indicators prior to the pandemic meant financial institutions were well placed to withstand the challenges of the Covid-19 crisis. In addition, it provides an analysis of the sector’s promising prospects ......read more

Dukhan Bank Partners with Visa to Offer Hospitality Packages for FIFA Arab Cup Qatar 2021™

Doha, Qatar – 31, October 2021:  Dukhan Bank, Qatar's leading banking player, has announced the launch of a new campaign in partnership with Visa, offering Dukhan Bank customers the chance to win hospitality packages for the eagerly anticipated FIFA Arab Cup Qatar 2021™, thanks to Visa. The FIFA Arab Cup Qatar 2021™ will be hosted from 30th November to 18th December 2021 at stadiums across the country, offering fans the chance to experience the football league ahead of the FIFA World Cup Qatar 2022™. The event is set to host 16 teams, gathering the best players from the region. The campaign, running until 14 November, entails 10 winners with plus one, to an exclusive opportunity to avail hospitality packages for the event. The package includes FIFA Arab Cup™ Opening Match tickets ......read more

Chedid Re named “Reinsurance Broker of the Year” for the 6th Time

Doha, October 31, 2021 – Chedid Re, a company of Chedid Capital, was named “Reinsurance Broker of The Year” at the Middle East Insurance Industry Awards 2021 for the 6th time, five in a row, making it the most winning company in this category, a record for this prestigious industry award. Organized by MEIR (Middle East Insurance Review), the 8th ceremony edition was held in a virtual format again this year, due to the circumstances of the Covid-19 pandemic.  This win is a testimony to Chedid Re’s strong operations, market expertise and ability to respond to market trends. Since its establishment 23 years ago, the pillars of Chedid Re’s success have remained unchanged such as its strong network of affiliates across three continents, its substantial portfolio and investments into market ......read more

SLS Announces SLS Red Sea In Collaboration With The Red Sea Development Company In Q1, 2023

The new resort comprises part of The Red Sea Project, one of the world’s most ambitious regenerative projects, covering 28,000 square kilometers on Saudi Arabia’s west coast, comprising 16 resorts, a marina and a championship 18-hole golf course. Foster + Partners will design the “Coral Bloom” concept for Shurayrah Island where SLS Red Sea will be located. Doha Qatar, October 28, 2021 -  SLS Hotels & Residences, a brand from Ennismore, in collaboration with The Red Sea Development Company (TRSDC), which spearheads the development of The Red Sea Project, today announced SLS Red Sea will open its doors in Q1 2023. The project will bring 150 hotel rooms including 12 suites and 15 villas spanning over 800,000 square feet of single story accommodation. The property will feature expansive one, two, three and ......read more

Qatar FinTech Hub, a QDB Incubator, Announces Wave 3 of its Flagship Incubator and Accelerator Programs

16 FinTechs selected to take part in Wave 3 of the Incubator and Accelerator Programs to run from October until December 2021. The program has been a huge success during the past waves and has earned the trust and support of the local and international FinTech community Doha, Qatar – 26, October 2021: Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the final list of successful FinTechs to join Wave 3 of its Incubator and Accelerator Programs. Both Programs started on 12 October and will run until December 2021. QFTH has received more than 500 applications from early stage and mature FinTechs, from over 40 countries, including USA, UK, Turkey, Singapore, and Qatar for the Wave 3 Programs.  The applications went through a rigorous ......read more

LG Releases Preliminary Earnings For Third-Quarter 2021

October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021. LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision. LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the ......read more

GWC Showcases World-Class Infrastructure and Readiness for FIFA World CupTM as UPS Visits Logistics Facilities

Qatar, 11 October 2021 - Strong economic growth and a strategic location are among the key advantages that reinforce Qatar as a trade and investment hub in the Middle East. The country’s logistics market has been growing steadily over the past five years - it is estimated to be valued at more than USD 7.5 billion and is estimated to register a CAGR of more than 7% during 2021-2026. The growth of the market can be attributed to the new expansion plans as the country is hosting the 2022 FIFA World CupTM.  With massive investment in infrastructure, numerous new projects, and an e-commerce boom, Qatar’s logistics sector has been expanding rapidly, a development that GWC is committed to support as a leading logistics provider and the Authorized Service Contractor of UPS in Qatar.   Following the recent ......read more

Financial Results For The Nine Months Ended 30 September 2021

October 10, 2021:  QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months period ended 30 September 2021. Net Profit for the nine months period ended 30 September 2021 reached QAR10.3 billion (USD2.8 billion), an increase of 8% compared to the same period last year. Operating Income grew by 8% to reach QAR20.7 billion (USD5.7 billion) as a result of QNB Group’s ability to generate sustainable growth across a number of revenue segments. Total Assets reached QAR1,084 billion (USD298 billion), an increase of 10% from 30 September 2020, mainly driven by strong growth in Loans and advances by 7% to reach QAR766 billion (USD210 billion). Diversified mobilization of customer deposits contributed to the increase in customer deposits by 10% to reach ......read more

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

Doha, Qatar – 09, October 2021:  Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Adel Al-Baker and Hamad Altamimi each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Mohamed Maddahi and Mohamed Alyafay. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. On a monthly basis, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, quarterly there are 2 winners per draw for the ......read more

Al Khaliji Shareholders Approve Merger with Masraf Al Rayan

● Approval of all Extraordinary General Meeting (EGM) agenda items, including approval of proposed Merger with Masraf Al Rayan ● Suspension of trading in al khaliji shares until the completion of the Merger ● Dissolution of al khaliji for the purpose of the Merger subject to all applicable laws and regulations ● On track towards creating one of the largest, leading Sharia-compliant banks in the region   Doha - 07, October 2021: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. (“al khaliji”) today successfully held its Extraordinary General Meeting (“EGM”) electronically during which the shareholders of the bank considered and passed five resolutions pertaining to the ongoing merger (the “Merger”) with Masraf al Rayan Q.P.S.C. (“Al ......read more

Grey Doha and KidZania Inaugurate Mini-Advertising Agency for Qatar's Future Marketers

Doha, Qatar October 5, 2021 – Grey Doha, leading global advertising and marketing agency, and KidZania Doha, the award-winning globally recognized edutainment concept, have announced the inauguration of a kid-sized mini-agency at the edutainment city located at the heart of Aspire Park, with the aim to provide children with a chance to explore the world of advertising and equip them with valuable skills as future marketers of the nation. Speaking at the launch event, Krikor Khatchikian, Managing Director at Grey Doha, said: “Grey is proud to join hands with KidZania, one of the leading Edutainment brands in the world, to unravel the exciting world of Kidz-vertising to our little ones. We are extremely happy to be part of the KidZania family and kickstart a new journey where we have the unique opportunity to nurture ......read more

Qatar Primed for Export Boost Supported by Robust Maritime Logistics Ecosystem

Milaha’s diversification strategy and sustainable development plan boost resilience, according to Oxford Business Group’s latest Covid-19 Response Report     Doha, October 04, 2021:   A new Covid Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the maritime and logistics company Milaha, explores the potential for the country’s international trade volumes to recover this year as national efforts to diversify the economy gain momentum. The CRR provides in-depth analysis of the country’s response to the pandemic in an easy-to-navigate and accessible format, focusing on key data and infographics relating to its socio-economic landscape.    The report shines a spotlight on the North Field expansion project, which will strengthen Qatar’s ......read more

Ogilvy Names Patou Nuytemans Regional Chief Executive Officer for EMEA

September 30, 2021:  Ogilvy announced today that Patou Nuytemans will assume the role of Chief Executive Officer of Ogilvy EMEA. Patou will be responsible for driving all aspects of Ogilvy’s business across Europe, the Middle East and Africa which spans Public Relations, Growth & Innovation, Advertising, Health, and Experience. She takes over for Paul O’Donnell, who will continue serving in his role as Regional Chairman and partner closely with Patou. Headshots available here. Andy Main, Global CEO of Ogilvy, said: “Anyone who has had the chance to work with Patou will tell you that she not only fosters a culture of creative, strategic and operational excellence, but also leads with empathy and compassion. Throughout her career, she has demonstrated how Ogilvy can drive business-changing, life-changing ......read more

Oxford Business Group to Mark Return to Qatar With Landmark 2022 Report

Forthcoming analysis to explore country’s post-pandemic growth plans Doha, September 19, 2021 Oxford Business Group (OBG) has relaunched its operations in Qatar following a one-year break necessitated by the Covid-19 pandemic.  Its on-the-ground team is once again being led by Country Director Izabela Kruk, who has been overseeing operations for OBG there since 2016. Kruk previously spearheaded the information-gathering process in several other regional markets covered by the group, including Saudi Arabia, Kuwait and Bahrain, and additionally spent time leading OBG’s teams in the field across Latin America and Asia.  In a separate development, Kruk was also recently appointed GCC Sustainability Director – a newly created role that she takes on in parallel and which reflects the added focus that ......read more

MEEZA Achieves Gold Partner Status in HPE Partner Ready for Service Providers Program

Doha, Qatar –15 September 2021:   MEEZA, Qatar’s pioneering managed IT services centre, has achieved Gold partner status in the ‘HPE Partner Ready for Service Providers’’ program, MEEZA is the only certified Service Provider partner for HPE in Qatar today, and one of only 140 partners who have reached the highest, Gold Service Provider partner status, globally, As such, Meeza will be endorsed as an official HPE Gold Service Provider partner to HPE customers and partners.  joining over 400 leading service providers around the world to deliver Hewlett Packard Enterprise’s innovative solutions for managed and cloud-based services.  The HPE Partner Ready Program brings together leading service providers from around the world for hosting, managed, and cloud-based services that ......read more

Ogilvy Names Ben Messiaen Chief Client Officer for EMEA

September 15, 2021 — Ogilvy is pleased to announce that Ben Messiaen has been named Chief Client Officer for EMEA. Shared Paul O’Donnell, CEO Ogilvy EMEA, “Throughout his career at Ogilvy, Ben has effectively galvanized teams to drive transformative ideas that create impact. He brings to this role extensive experience using the full spectrum of Ogilvy’s capabilities to generate value for our clients, especially as they continue navigating an ever-changing landscape. In his new role Ben will work in close partnership with our go-to-market team and the leaders of our five business units as well as with our expert groups and geographic market leaders.”   From Belgium, Messiaen started at Ogilvy Brussels and then Ogilvy Paris where he has worked for the last 15 years.  Initially on IBM Europe; ......read more

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

Doha, Qatar – 11 September 2021 – Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Mohammed Al-Binali and Hind Al-Binsaeed each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Ameera Al-Saadi, Ayed Banibasheer, Habib Salhi, A.Aziz Fakhroo, Naiel Saleh, Abdulla Basahl, Ghaith Alan, Maryam Al-Attiyah, Marlo Enriquez, Sana Alrashed, Ibrahim Al-Fadhala, Abdulrahman Banibasheer, Jassim Fakhroo, Rowaida Taha, Fatma Al-Marafi, Barka Shabal, Nadia Aboramadan, Yousuf Al-Sahel, Ammar Alnajem, Shahd Al Ajmi,Khadija Al-Haddad, Jassim Riashi, Wafa Mohamed, Mariam Omar, Ali Alnasser, Khalifa Al Kaabi, Shaikha ......read more

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

September 7, 2021: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of S’hail 2021 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry. Commenting on the sponsorship, Mr. Ahmed Al jarbeoy, chief operating officer QIC, Qatar operations said, “As the leading insurer in Qatar, we have a long standing commitment to acting as a trusted and ethical partner with the Qatari community and to playing a vital role in the sustainability of Qatar’s social fabric.” He further added, “We have ensured that the core values of our business and operating principles align with ......read more

Dukhan Bank Named Best Islamic Digital Bank in Qatar 2021 and Most Innovative Digital Bank in Qatar 2021 by Global Finance

Doha, Qatar – August 29, 2021:   Dukhan Bank has received two awards by New York-based Global Finance Magazine for ‘Best Islamic Digital Bank in Qatar (2021)’ and the ‘Most Innovative Digital Bank in Qatar (2021)’.    Global Finance is a leading international magazine and industry analyst that evaluates and awards the top performs among banks and other providers of financial services on global and regional levels in categories of technology, leadership, brand, and sustainability among others, covering over 150 countries and territories around the world.    The categories of Best Islamic Digital Bank and the Most Innovative Bank give recognition to financial institutions that display strength in strategy for attracting and servicing digital customers, success ......read more

Curia Business Group Launches Business Innovation Program

The Curia Business Innovation Program is a personalized, step by step guide for aspiring entrepreneurs with an innovative idea to launch their startup in Qatar. Applications for the first cycle of the Program, which is technology-themed, will be open from 2X August until 30 September 2021. Doha -  26, August 2021:  Curia Business Group, a Qatari venture and management consultancy founded by Hussain Akbar Al Baker, has announced the launch of its incubator program, Curia Business Innovation.  The Curia Business Innovation Program has been designed to provide aspiring entrepreneurs with a personalized step-by-step guide to take their business idea from concept vision to reality. Curia has years of experience in establishing new businesses and catering to entrepreneurs and small and medium-sized enterprises ......read more

Dukhan Bank Wins Two Accolades at the International Finance Awards 2021

• Best Digital Transformation Bank in Qatar 2021 • Best New Contactless Payment Platform in Qatar 2021 – Dukhan Pay (D-Pay)    Doha, Qatar – August 22, 2021:  Dukhan Bank has been awarded two accolades by the International Finance Awards 2021 as the Best Digital Transformation Bank in Qatar 2021 and the Best New Contactless Payment Platform for Dukhan Pay (D-Pay) in Qatar 2021. The awards stand testament to the bank’s resolute commitment towards incorporating state-of-the-art technologies in expanding its rich portfolio of innovative products and services that are in line with its digital transformation strategy.   The International Finance Awards gives recognition to global businesses across multiple industries including banking, finance, and wealth management for ......read more

Dukhan Bank Brings Apple Pay to Customers

A safer, more secure and private way to pay with iPhone and Apple Watch Doha, Qatar – August 17, 2021: Dukhan Bank, Qatar's leading banking player, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places. Customers can also use ......read more

IDC to Provide Expert Guidance on Building a Digital-Resilient Future Enterprise at Virtual CIO Summit in Qatar

Doha, 15, August 2021:  International Data Corporation (IDC) is delighted to announce that this year's edition of the IDC Qatar CIO Summit will take place online on Monday, September 20 under the theme 'Innovative Digital Strategies: Evolving to the Demands of a New Reality'. Hosted on IDC's fully immersive virtual platform, the event will bring together senior business leaders, influential IT heads, and respected industry analysts to share their collective expertise on how best to meet the unique challenges of these unprecedented times. "The enablement of a Future Enterprise must be the end goal for any business looking to rapidly adapt and respond to any further business disruptions that lie in wait," says Jyoti Lalchandani, IDC's group vice president and regional managing director for the Middle ......read more

Euro Area Recovery Becomes More Robust Thanks to Rapid Vaccination

Home News Euro area recovery becomes more robust thanks to rapid vaccination Sun, 15 Aug 2021 Introduction: Tight restrictions were necessary to arrest a winter surge of Covid-19 infections earlier in the year, but also led to weaker economic activity across the Euro area. Fortunately, rising vaccination rates have already substantially reduced the number of active Covid-19 cases. Governments are already beginning to ease restrictions, and consumers are eager to take advantage of life without confinement. This week, our analysis considers the outlook for economic activity, inflation, monetary policy and fiscal policy across the Euro area. Economic activity: The Euro area economy had a weak start to 2021, with GDP contracting by 0.6% in the first quarter of the year compared to the fourth quarter of 2020. Retail sales fell ......read more

Other Top Stories from Banking and Investments
 
Dukhan Bank announces the August draw winners of its Thara'a savings account prize…

Doha, Qatar – 14, August 2021:  Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Ibrahim Khan and Sedreya Al-Abdulla each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was ......read more

Standard Chartered Global Focus Q3 2021: Navigating a Vulnerable Recovery…

25, July 2021:  Standard Chartered expects global growth to rebound to 5.8% in 2021 from -3.3% in 2020 as economies reopen and vaccination rollouts gain momentum.   According to the latest Global Focus – containing the Bank’s economic forecasts for Q3 – it sees two key downside risks to the outlook: (1) a more extensive resurgence of pandemic cases resulting from ......read more

New Covid-19 Response Report Charts Qatar's Bid to Bolster Food Security and Step Up Local ...…

Lula Hypermarket and Oxford Business Group team up for latest project Doha, July 25, 2021:  A new Covid-19 Response Report produced by Oxford Business Group (OBG) in partnership with the retail chain Lula Hypermarket, maps out Qatar’s successful efforts to strengthen food security and enhance self-sufficiency by stepping up domestic production capacity and easing reliance on ......read more

Bedaya Center Hosts Feasibility Study Impact Workshop for Entrepreneurs…

Doha, Qatar – 22, July 2021:  Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, in collaboration with the renowned “Bait al Mashura Finance Consultations”, successfully concluded a workshop, which highlighted the importance of feasibility study and ways of conducting and preparing it. ......read more

Al Khaliji Reports H1, 2021 Net Profit of QAR 372 Million – 3% Growth Year on Year…

• Net profit of QAR 372 million, an increase of 3% year on year • Net Operating Income grew 13% year on year, ending at QAR 750 million • Operating expenses of QAR 168.5 million, resulting in a cost/income ratio of 22.5% • Loans and Deposits increased by 12% and 9% year on year respectively  • The Capital Adequacy ratio stood at a healthy ......read more

Qatar FinTech Hub, a QDB Incubator, Concludes Demo Day for Wave 2 of its Incubator and Accelerator ...…

Doha, Qatar – 15, July 2021: Qatar FinTech Hub, founded by Qatar Development Bank (QDB), to support the growth of the FinTech industry in Qatar, has concluded the Second Virtual Demo Day for Wave 2 of its flagship Incubator and Accelerator Programs which was held on 1st July 2021. Sponsored by Doha Bank, QFTH Demo Day for Wave 2 presented the ideal launchpad for 22 graduating ......read more

LG Releases Preliminary Earnings for Second-quarter 2021…

July 12, 2021:  LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2021. LG reported tentative consolidated revenues of KRW 17.1 trillion, an increase of 48.4 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. Operating profit of KRW 1.1 trillion is expected to be 65.5 percent ......read more

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

Doha, Qatar – 11, July 2021:  Dukhan Bank announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.  As the draw results showed, the bank clients Shaikha Al-Mass and Yousef Awad each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was ......read more

Dukhan Bank Announces the Successful Debut Issuance of Additional Tier 1 USD500m Sukuk at the ...…

• Issuance of Additional Tier 1 Sukuk with a value of USD500m and profit rate of 3.95%. The issuance was more than 4.5 times oversubscribed with order books peaking at USD2.35bn • The significant demand for the issuance confirms the strength of the financial position and the confidence enjoyed by Dukhan Bank and the Qatari economy amongst the global investor community.  Doha, ......read more

Masraf Al Rayan and Al Khaliji appoint Fahad Bin Abdalla Al Khalifa as Group CEO of the Merged ...…

Doha 5, July 2021- Following the merger announcement on January 7, 2021, Masraf Al Rayan QPSC (“Al Rayan”) and Al Khalij Commercial Bank (al khaliji) PQSC (“Al Khaliji”) have announced the appointment of Mr. Fahad Bin Abdalla Al Khalifa as the "Group CEO" of the merged bank from the date the shareholders of both banks Al Rayan and Al Khaliji approve the ......read more

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