Doha, Qatar – 22 May 2019: Barwa Bank, Qatar's most innovative Shariah compliant 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, Almayasa Mohamad Al-Anqar and Noora Ebrahim Al-Abdulghani each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to the following bank clients:
Morad Onaceur , Abdulrahman Ali Al-Yafei, Faisal Ali Al-Anssari, Musab Ahmed Ahmed, Mohammadali Abrahim Sayedali, Sana Al-Rashed, Joyce Maria Dsouza, Melvin Nitura, Azeez Mohammed Mohammed, Reem Eisa Al-Kawari, Nouraldain Abualrub, Mohamed Ali Saheb, Ahmed Yasin Yacoub, Mohd Alawi Al-Yafei, Faisal Ali Al-Anssari, Nelo Mandayo Ferry, Jasir ......read more
Doha, Qatar, May 18 2019: Marking a year of milestone partnerships and developments for its business, Qatar Post held its annual Suhoor gathering for its employees, in celebration of the Holy Month of Ramadan, and of a record 2018 performance for the group. The celebration took place on May 17, at the Ramadan tent in Kempinski Marsa Malaz Hotel.
In attendance were Qatar Post’s staff and senior leadership executives, among whom Mr. Faleh Mohammad Al-Naemi, Qatar Post chairman and managing director, shared with attendees the group’s successes in 2018, as well as a glimpse of future plans and strategic areas of focus.
“The overwhelming state support Qatar Post has received in the past year, incentivizing both governmental institutions and bodies to use our services at scale, was our ......read more
Doha, May 01, 2019: QIC Insured, the personal insurance division of Qatar Insurance, the leading insurer in the MENA region has launched the all new “Pay your car insurance in 12 easy installments” Applicable exclusive on purchase of full car insurance, now customers pay for their insurance in 12 easy installments at zero interest.
To take advantage of this new offer, customers can simply visit any branch of QIC Insured or simply log on to qic-insured.com and select the ‘Installments’ option in the payment page. Upon receipt of the first installment, customers will receive a payment acknowledgement and the comprehensive insurance policy will be emailed to the registered email address along with the scheduled dates for the remaining installments.
Commenting on the launch of this new payment scheme ......read more
Doha- 29 April, 2019 – Qatar Development Bank (QDB), in its continued quest to support the growth and competitiveness of the business sector in the state, announced the registration for the first batch of phase 2 of Al Furjan markets raffle draw to award retail space, starting May 01, 2019. The registration process for the first batch of Al Furjan Markets, which is located in Muaither South, Al Khor, Umm Al Qarn, Al Kharaitiyat will last for 30 days, and the bank is inviting all Qatari citizens to apply through Al Furjan mobile application to supervise the governance of the raffle process and to ensure total compliance and transparency.
An integrated electronic system has been developed to allow applicants to apply for the the first batch of phase 2 of Al Furjan markets through Al Furjan mobile application, ......read more
Net profit of QAR 176 million, up 4% year on year
Operating income of QAR 289 million, reflects growth in fee income of 5% on Q1, 2018
Operating expenses are 5% lower compared to the same period last year
Significantly reduced impairments charges, down 51% year on year
The Capital Adequacy ratio at quarter-end stood at a healthy 18.4%
Doha, April 29, 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the quarter ended 31 March 2019 today with a Net Profit of QAR 176 million for the quarter. This represents an increase of 4% over its financial results for the same period of last year.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:
"We began the year on a solid footing, ......read more
Gross written premiums at Q1 2019 stands at QAR 3.5 billion
Doha, 29 April 2019: Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region reports a net profit of QAR 272 million for the first quarter of 2019. The MENA markets continued to produce stable premiums with underwriting profitability, weathering geopolitical headwinds in the region. QIC’s international operations grew in select low-volatility segments and now account for 76% of its total portfolio.
In Q1 2019 QIC adopted a more restrictive and selective approach to new business generation, reflecting the company’s continued focus on de-risking its book and placing more emphasis on low-volatility segments. Gross written premiums (GWP) remained stable at QAR 3.5 billion.
The Group’s ......read more
Under the patronage of His Highness the Emir of “ROWAD Award 2019”
Doha, Qatar, April 28, 2019: Under the patronage of His Highness the Emir Sheikh Tamim bin Hamad al-Thani, Qatar Development Bank (QDB) is pleased to announce the opening of registration for the second edition of Qatar Entrepreneurship award “ROWAD Award 2019”. This prestigious sponsorship is a testament to the leadership's keen interest in building the country's entrepreneurship ecosystem towards achieving economic diversification for sustainable development, in line with the Qatar National Vision 2030. Besides, Qatar topped the global entrepreneurship environment, according to the Global Entrepreneurship Monitor (GEM) report featuring 56 countries, which also confirms the leadership’s keenness in promoting ......read more
Doha, Qatar - 23 April, 2019: QIC Insured, the retail arm of Qatar Insurance Group, the flagship insurer of the MENA region recently sponsored the Hamad Medical Corporation (HMC) Football Championship.
As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, the company’s role as a platinum sponsor highlighted its unilateral focus on being a responsible corporate citizen and demonstrated its full support to all sports activities and initiatives.
In view of the partnership, QIC Insured has provided special offers on car insurance, travel, home, personal accident benefit insurance & Anaya for HMC employees and their families.
Commenting on the strategic partnership, Mr. Abdulla Y. Al Mulla, Group Chief Administrative Officer of QIC ......read more
Combined entity’s total assets are valued at more than QAR 80 billion
Operational integration to be completed by Q4:2019
The first merger between banks in Qatar’s history
The combined entity to operate under the “Barwa Bank” name
Doha, Qatar, 22 April 2019 – Barwa Bank has announced the official completion of its legal merger with International Bank of Qatar (ibq). The merger, which brings two of Qatar’s leading and most dynamic financial players under one roof, will establish a powerhouse Shariah compliant financial institution in both local and regional markets, backed by robust liquidity and solvency levels.
Under the first banks merger in Qatar’s history, this solid financial position will enable Barwa Bank Group to significantly contribute to ......read more
Doha, Qatar, 21 April 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, is pleased to announce that it has won two prestigious awards- ‘Best Corporate Bank – Qatar’ and ‘Best Financial Inclusion Program – MENA’ at the recently held the European Magazine Awards.
The European Magazine, over the last several years, has been celebrating achievement, innovation and excellence through its annual awards program. It offers corporate organizations an insight into various achievements within a range of organizations. These recognitions add to the achievement of al khaliji bank in Qatar.
On receiving the awards, Acting Group Chief Business Officer, Mr. Omar Al-Emadi said:
“It is an outstanding achievement for us and on behalf of the entire ......read more
Doha, Qatar, April 16, 2019: Qatar Insurance Group, the leading insurance conglomerate in the MENA recently honored its employees with long service award certificates for completing 10, 15, 20, 25 and 30 years of dedicated service at the company. The award ceremony was held at the QIC headquarters in West Bay.
The long service award certificates were handed over to the awardees by Mr. Salem Al Mannai, Deputy Group President & CEO of QIC Group in the presence of senior QIC officials.
Expressing his gratitude and appreciation during the event, Mr. Salem Al Mannai stated, “At QIC we believe that dedication and collective efforts of our staff play a significant role in achieving QIC Group’s set targets, growth and development of the company and in taking QIC to where it is today. We have always recognized the wide ......read more
Doha, Qatar, April 15, 2019: Barwa Bank, Qatar's most innovative Shari’ah compliant bank, 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, Ahmed Fouad Menisy and Mohamed Abdunnaser El-Gamudi each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Hussain Sultan Al-Jaber and Mohamed Yacine Ben Lamnouar.
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.
Thara’a offers account holders the chance to win monthly cash rewards that sum up to more than 2,000,000 Qatari Riyals, and a grand prize ......read more
HSBC Msheireb to offer a seamless digital experience reinforcing Msheireb’s status as the world’s SMARTEST and most sustainable city district
Msheireb Downtown continues to attract more local and global financial institutions
Doha, Qatar, 13 April 2019: Msheireb Downtown Doha, the smartest and most sustainable fully-built city district in the world and Qatar’s destination for leisure, living and business, will be home to the first HSBC digital branch in the country; HSBC Msheireb.
The announcement was made during an agreement signing ceremony between Msheireb Properties, the national real estate developer and a subsidiary of Qatar Foundation, and HSBC Bank Middle East, Qatar, the largest international banking organisation in the country.
The event was witnessed by the Lord Mayor of London, Peter ......read more
Qatar, April 06, 2019: Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 29 April 2019 to approve and disclose the consolidated interim financial statements for the period ended 31 March 2019.
With the aim to provide SMEs access to large procurement governmental projects
Doha, Qatar, April 01, 2019: As part of its ongoing efforts to provide a poised platform to grow for Qatari Small and Medium-sized Enterprises (SMEs), Qatar Development Bank (QDB) flagged off the 4th edition of Government Procurement and Contracting Conference & Exhibition ‘MOUSHTARAYAT 2019’ yesterday, Under the patronage of HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior.
The 4th edition of MOUSHTARAYAT’ was inaugurated by HE Sheikh Mohammed bin Hamad Al Thani, Deputy Governor of Qatar Central Bank and Vice Chairman of QDB, which is scheduled to take place for three days between March 31 and April 2 at Doha Exhibition & Convention Center, and hosted in collaboration with ......read more
Doha, Qatar, March 20, 2019: In keeping up its momentum of providing immense opportunities to Qatari entrepreneurs, Qatar Development Bank (QDB) successfully hosted the 4th edition of its Retirees Entrepreneurship Program ‘Khutwa’, which was organized in collaboration with the General Retirement and Social Insurance Authority. The event was held on the 14th of March, at Bin Jelmood House at Msheireb Downtown Doha.
The program paved the way for retiree entrepreneurs to present their ideas and integrated business plans for their projects that serve the diversity of the national economy and opens up new business horizons. In its current edition, Khutwa program is evidently the culmination of success of its previous editions, as it has been able to achieve its goals and objectives to promote new projects and ......read more
Doha, Qatar, March 19, 2019: Barwa Bank, Qatar's most innovative Shari’ah compliant bank, 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, Dana Yousef Al-Horr and Alanoud Mohammed Al-Enazi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to the following bank clients: Suhail Al-Mazroey, Sheikh Fahad Jassim Al-Thani, Ibrahim Abdalmuty Mohammad, Asmaa Mohamed Al-Suwaidi, Randa Shaher Al-Saadi, Muneera Saif Al-Kubaisi, Fahad Assadi, Ali Abdulrahman Al-Yafei, Samira Bihi Mohamed, Abdulrazzaq Ahmed Al-Meraikhi, Mahmoud Al-Maghribi, Abdulrahman Ali Al-Yafei, Yousef Mohammed Al-Sulaiti, Almayasa ......read more
Doha, Qatar, March 19, 2019: Collaborating with Qatar’s largest and flagship medical trade event, SEIB Insurance and Reinsurance has announced its Silver sponsorship of the second edition of QMED 2019 (Qatar International Medical Devices & Healthcare Exhibition and Conference). Held at the QNCC (Qatar National Convention Center) over a 5,000 square-meter space, the exhibition will take place between March 25 and March 27.
Commenting on SEIB’s participation in QMED 2019, Mr. Elias Chedid, the company’s Chief Operating Officer and Deputy Chief Executive Officer, says that this strategic partnership aims at empowering the Qatari healthcare sector as a national engine of economic growth. Since its establishment, SEIB has focally extended its support to healthcare enterprises as an integral member of ......read more
Doha, Qatar, March 19, 2019: Qatar Insurance, the largest insurer in the MENA region has won two prestigious awards at the MENA Fund Manager Performance Awards 2019. The award ceremony, which was held in Dubai recognised and rewarded fund and asset managers that had outperformed their peers over the last year. QIC won awards in two categories- the Qatar Equity Fund for its 2018 performance and the QIC GCC Equity Fund for its three year performance.
The QIC GCC Equity Fund won the award for the best GCC fund performance over three years ending 2018 for a GCC fund with over $75m in assets. The Fund posted a return of 23.4% in USD terms over the three years and topped its category’s peer group comparison.
The Qatar Equity Fund posted a return of 22.8% in USD terms versus its benchmark performance of 20.8% and ......read more
A Corporate Social Responsibility Initiative
Doha, Qatar, March 16, 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C, Qatar’s next generation bank, as part of corporate social responsibility drive, has once again extended its financial support in the form of donation to the Qatar Society for Rehabilitation of Special Needs, a local humanitarian organization that aims to support and develop the skills and capabilities of people with disabilities.
The donation, which was handed over in the presence of Mr. Mohamad Alkuwari, Head of Reward and HR Services at al khaliji, and Mr. Taleb Abdullah Afifah, Board Member at the Qatar Society for Rehabilitation of Special Needs.
Commenting on the occasion, Mr. Mohamad Alkuwari, Head of Rewards and HR Services at al khaliji, said:
“Al Khaliji has been ......read more
Election of a new Board of Directors chaired by HE Sheikh Mohammed Bin Hamad Bin Jassim Al Thani
A strong performance in total asset standing at 44.4 billion QR, driven by a strong growth in the finance portfolio that exceeded 27.8 billion QR.
Customer deposits reached 26 billion QR.
Doha – Qatar, 14 March 2019 - Barwa Bank Group, convened its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on 13th of March February 2019 at Four Seasons hotel, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al Thani, Chairman of the Board and Managing Director, with an 87% shareholder attendance.
During the AGM, all items on the agenda were discussed, such as hearing and approving the Board's Report for the year that ended December 31, 2018, as well as discussing and ......read more
Sheikh Faisal Bin Qassim Al Thani tells Oxford Business Group
Doha, March 13, 2019: Qatar’s efforts to tap new investors, and goods and service providers farther afield, were among the topics discussed recently at a meeting held between Sheikh Faisal Bin Qassim Al Thani, Chairman, Al Faisal Holding, and representatives from Oxford Business Group (OBG).
Sheikh Faisal told the global research and consultancy company that the ongoing regional blockade had generated new business opportunities for both local and international firms, as the country looks to the private sector to become more resourceful and drive new growth.
“One major advantage of Qatar is the presence of competitively priced raw materials, including secure energy supplies,” he said. “The Qatari Government considers industrial ......read more
Doha, Qatar, March 13, 2019: As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance Group, the flagship insurer is sponsoring the Katara International Beach Volleyball Championship 2019 as the gold sponsor of the event. The event which is scheduled from 12th March will be held at the Amphitheater at Katara. The event will witness participation of 50 teams from 29 countries.
Qatar Insurance Group's role as a sponsor highlights the company’s unilateral focus on being a responsible corporate citizen and demonstrates its full support to all sports activities and initiatives for the nation.
Commenting on the Group’s strategic partnership, Mr. Salem Al Mannai, Deputy Group President & CEO of QIC Group remarked, “We are ......read more
Doha, Qatar, March 13, 2019: With a view to drive financial technology -led economy in Qatar, Qatar Development Bank (QDB) successfully hosted a workshop on “Shariah Compliance Issues of Crypto Assets” in association with Association of National Development Finance Institutions in Member Countries of The Islamic Development (ADFIMI).
Established as an autonomous, independent and non-profit international organization, ADFIMI) started its operations in September 1987 at its headquarters in Istanbul, Turkey, on being given the status of an International Organization. It presently has around 40 members from 18 countries. ADFIMI organizes various training programmes, seminars, workshops, and conferences in different countries for the benefit of its members. Since its inception, ADFIMI forged solid partnership ......read more
Doha, 07 March 2019:
Qatar Insurance Group, the leading insurer in the MENA region has partnered with Commercial Bank Qatar Masters to be the Official Tournament insurer for the region’s premier Golf tournament. QIC, along with its subsidiaries Qatar Re and Antares, is proud to support the tournament for twelve consecutive years.
Founded in 1964, Qatar Insurance Company (QIC) was the first domestic insurer of Qatar. Today QIC is a dominant insurer in the region and is regarded as the largest insurer in MENA region in terms of profitability, assets and market capitalization. QIC’s consistent rating of A/Stable from Standard & Poor’s and A(Excellent) from A.M. Best affirms QIC’s core strength and sustainable performance.
Implementing its diversification strategy of expanding beyond the borders of ......read more
QIC Insured participates at the International Traffic Safety Conference & launches QIC Safe Driver App
Doha, Qatar, November 28, 2018: QIC Insured, the retail arm of Qatar Insurance, the leading insurer in the MENA region participated in the International Traffic Safety Conference, which was attended by traffic safety experts, a number of Excellences, Ministers, officials, ......read more
Building leadership skill sets among finance professionals
DOHA, Qatar –25 November 2018 - Qatar Finance and Business Academy (QFBA), in its quest to bring newer paradigms for the Qatari executive leadership, is pleased to announce its latest exclusive product, “Powerful Leaders”, an executive coaching proposal for the thought leaders of the nation, aimed at ......read more
Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah
25 November 2018: INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete ......read more
Doha, November 24, 2018 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in its quest to expand the horizons of Qatar’s next generation, recently hosted an informative session on “Risk Management” for the students of Qatar University.
The session offered insights into the nuances of managing financial risks and ......read more
Doha, Qatar, November 20, 2018: Qatar Insurance, the leading insurer in the Middle East and North Africa region has been recognized as the “Top Investment House” during a survey conducted by The Asset magazine in collaboration with Benchmark Research. The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) based on the ......read more
Doha, Qatar – November 19, 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial 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, Hassan Mohamed Darwish and Arshad Karim each won a ......read more
Aimed to inspire youngsters
DOHA, Qatar – 15 November 2018 - Qatar Finance and Business Academy (QFBA), as part of its corporate connect endeavor, takes pleasure in announcing that it has successfully completed “Coffee with CEOs” series, for the 2018 Cohort of its quality qatarization program, Kawader.
The event series was intended to engage ......read more
Doha, Qatar, November 15, 2018: In its strides to continuously keep motivating the efforts made by SMEs in the growth of the national economy, Qatar Development Bank (QDB), in collaboration with Qatar Chamber and Qatar Exchange, honored top 50 SMEs at a glittering ceremony held at St. Regis hotel on November 14, 2018.
During the second edition of the SME Excellence List 2018, the ......read more
Doha, November 15, 2018 – MEEZA, Qatar’s prominent end-to-end Managed IT Services & Solutions Provider, will be one of the essential sponsors for the Qatar Central Bank annual event– 5thConference of Information Security in the Financial Sector. The event will be held on November 18-19, 2018 at the Sheraton Grand Doha Resort & Convention Hotel, under the ......read more
Doha, 13 November, 2018: Qatar Insurance Group (QIC), Qatar’s flagship insurer, and the leading insurer in the MENA region, has renewed its annual membership with The Abdulla Bin Hamad Al-Attiyah International Foundation for Energy & Sustainable Development (Al-Attiyah Foundation), the only independent think tank focused on Energy and Sustainable Development in Qatar.
The ......read more
Doha, Qatar, 13 November 2018: The ongoing Qatar Entrepreneurship Conference “ROWOD Qatar 2018”, which is taking place during the Global Entrepreneurship Week, is witnessing greater traction from Qatari companies with an aim to expand their horizons and offer sustainable growth paradigms to Qatari youths and SMEs. In this regard, Qatar Development Bank organized today ......read more
As part of its continuous support to empower talented Qatari Youth, and under the patronage of His Excellency the Prime Minister and Minister of the Interior
HE Ali Bin Ahmed Al-Kuwari, Minister of Commerce and Industry inaugurates Qatar Entrepreneurship Conference “ROWOD Qatar 2018”
Abdulaziz bin Nasser Al Khalifa: We will continue supporting entrepreneurship to secure a ......read more
Qatar, November 08, 2018: Lysys group of companies continues to demonstrate strong commitment to the Qatari market with its participation at Milipol Qatar, the international event for homeland security and civil defense in the Middle East. During Milipol Qatar, Lysys Group was represented by Lysys Qatar WLL and Encode.
Lysys Qatar (www.lysys.com) is a technology company with ......read more
OBG Business Barometer: Gulf highlights growing role of private sector
Dubai, November 06 2018: Executives interviewed for the 2018 edition of the Business Barometer: Gulf CEO Survey carried out by Oxford Business Group (OBG) were largely upbeat in their outlook for the coming 12 months, buoyed by higher and more stable oil prices, although regional political volatility ......read more
Doha, Qatar, November 05, 2018: QIC Insured, the personal insurance division of QIC and the official insurer of the Qatar Motor Show (QMS) attracted more than 10,000 visitors during the event. Held under the theme “Driving to Innovation”, the motor show also served as the launchpad for the all new QIC Orange – a scheme offering a no frills, low cost comprehensive car ......read more
Doha, Qatar, November 05, 2018: As part of its leading role in supporting startups, entrepreneurs and innovators in various sectors, Qatar Development Bank (QDB) announces the launch of the first SportsTech accelerator in MEA region powered by Startup Bootcamp the global player in accelerating Tech. Startups, with the goal to become the leading and central point in the region for ......read more
Doha, Qatar, October 31, 2018: Qatar Insurance Group, the region’s leading insurer recently conducted a Breast Cancer Awareness forum to increase medical awareness of breast cancer and highlight the importance of its early detection amongst its female workforce.
Themed as The Pink Month campaign, the month long campaign kicked off with distribution of a pink awareness ......read more
Massoun & Commercial Bank host an interactive workshop to strengthen Insurance Partnership
Doha, Qatar, 30 October 2018: Massoun Insurance Services LLC. – a Joint Venture between Qatar Insurance Company (QIC) and its bancassurance partner Commercial Bank – recently hosted an interactive workshop with the Bank’s Wholesale Banking team. The session shed light on ......read more
The Group’s net underwriting result increased to QAR 378 million, compared with a to a loss of QAR 103 million for the same period last year
QIC Group is constantly expanding its low severity high frequency business which now constitutes a significant portion of the total portfolio.
Doha, Qatar, October 24, 2018: Qatar Insurance Group, the leading insurer in Qatar and the ......read more
Net profit of QAR 469 million, an increase of 3.5% year on year
Net Fee and Commission Income of QAR 154 million, an increase of 2% year on year
Operating expenses were QAR 247 million, an improvement of 3.4% to Q3, 2017
Impairments decrease by 28% year on year
Liquidity remains strong resulting in an improved Loan to Deposit Ratio
Doha, Oct 23, 2018: Al Khalij ......read more
Doha, Qatar – 17 October 2018 – On the occasion of Breast Cancer Awareness Month, Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, organized a seminar for its employees in partnership with the National Breast and Bowel Cancer Screening Program ‘Screen for Life’.
During this seminar, ‘Screen for Life’ team ......read more
Doha, Qatar – 15 October 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of its October’s draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Nouf Ibrahim Al-Sada and Haytham Mohammed Al-Ahmed each won a ......read more
Doha, 15 October, 2018: Oman Qatar Insurance Company (OQIC), a premier insurance company in Oman and a subsidiary of Qatar Insurance Group recently held a grand opening ceremony for its corporate office and retail branches. Held at the Grand Hyatt in Muscat, the opening ceremony witnessed the presence of many dignitaries and government officials, including the Board of directors, ......read more
In collaboration with Qatar Chamber, NAMA Center and the Ministry of Administrative Development Labor & Social Affairs
Doha, Qatar, 14 October 2018 - Under the patronage of Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums, Qatar Development Bank (QDB), in collaboration with Qatar Chamber, NAMA Center and the Ministry of ......read more
In order to facilitate the submission process and transforming it into an integrated electronic system… 30 days for submission and will be treated equally regardless of the date of submission
Doha- 10 October, 2018 – Qatar Development Bank (QDB), in its continued quest to support the growth and competitiveness of the business sector in the state, announced the ......read more
Doha, Qatar, October 09, 2018: Qatar Insurance Group, the leading insurer in the MENA region has launched an in-house development programme, namely, the QIC Learning Academy. The first session “Phase One”, which was conducted recently at QIC Headquarters in West Bay was highly successful and was very well received by the attendees of the session.
QIC Group consistently ......read more
Export Development and Promotion Department ‘TASDEER’ achievements report of Q3 2018
Participating in global events
Hosting trade missions
Doha, Qatar, October 3, 2018: In continuation to its vision of expanding scope of Qatari companies across the globe, Qatar Development Bank’s Export Development and Promotion Department ‘TASDEER’, hosted ......read more
Marking the culmination of 5 previous draws leading to the win of 25 customers
Doha, Qatar, 2 October, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the grand prize winner of Salary Transfer promotional campaign, at the Bank’s headquarters. The final draw was held under the supervision of a representative ......read more
Doha, Qatar, 26 September, 2018: The Official Spokesperson of Qatar Insurance Group Mr. Abdulla Al Mulla announced that the Board of Directors of Qatar Insurance Company during their meeting yesterday have approved the establishment of a Limited Liability Company (LLC) in accordance with the rules set out by the Qatar Financial Centre (QFC).
The new company will be ......read more
Doha, September 19, 2018 : 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 new products and services, has won the ‘Best Bank in Productivity’ Award at the New Age Banking Awards 2018.
The award to al khaliji Commercial was presented in ......read more
Doha, Sept 19, 2018: Oman Qatar Insurance Company (OQIC), a subsidiary of Qatar Insurance Group and a premier insurer in Oman has been awarded the best performing company in Small Cap (below OMR 25 million) category in Oman. The prestigious award was announced by Alam al-Iktisaad Wal A’mal (AIWA) Award 2017, which is published by United Media Services, the leading Arabic business ......read more
Doha, Qatar, September 16, 2018: Barwa Bank, Qatar's most progressive Shari’ah compliant financial 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, Wasmiya Dalhem Al-Kuwari and Madhuri Jalan each ......read more
Doha, Qatar, September 16, 2018: First Finance Company (FFC), a subsidiary of Barwa Bank Group, is pleased to announce the opening of its new branch located at “Mawater City”, Area 1, opposite Aqua Park, Building number 5, the objective of this branch is to facilitate car purchases and easy access of finance for individuals. Aimed to be a one-stop-shop, this branch ......read more
Doha, Qatar, 10 September 2018: In line with the State’s interest in developing the role of the private sector and its contribution to the Gross Domestic Product (GDP), particularly the Small and Medium-sized Enterprises (SME) sector, Qatar Development Bank (QDB) continues its efforts to develop this sector alongside other relevant entities. Among these efforts is understanding ......read more
Doha, September 10, 2018: Qatar Re, a global multi-line reinsurer and a reinsurance subsidiary of Qatar Insurance Group has been ranked 27th amongst top fifty global reinsurers by international credit rating agency, A.M. Best. The new assigned ranking affirms Qatar Re’s very strong capital base and well diversified portfolio, which is coupled with global business diversification, ......read more
Doha, September 4, 2018: 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, for the second consecutive time won “Al Dhameen Best Customer Satisfaction Award” for 2018 by Qatar Development Bank ......read more
Doha, Qatar, 4 September 2018: Qatar Development Bank (QDB) takes pride in announcing the “Best Partner Bank Award” for supporting small and medium-sized enterprises (SMEs) through Al Dhameen Program. These awards recognize the contributions of participating banks that have supported the development organization’s Al Dhameen indirect loan facility program. This ......read more
DOHA, Qatar, 04 September 2018: Following the overwhelming success of its previous Kawader runs and the graduation of the fifth cohort of ‘Kawader’ participants earlier this year, Qatar Finance and Business Academy (QFBA) in association with the Qatar Financial Center (QFC) Authority, launched the new cohort for its Kawader program which kicked off on September ......read more
Qatar, August 28, 2018: Barwa Bank and International Bank of Qatar (ibq) have announced that they have signed a final agreement regarding the merger of the two banks to create a leading Sharia compliant financial institution with a solid financial position and robust liquidity to support Qatar’s economic growth and finance development initiatives in line with Qatar National Vision ......read more
Doha, Qatar, August 13, 2018: Barwa Bank, Qatar's most progressive Shari’ah compliant financial 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, Khaola Saad Al-Tairey and Bashaer Ameer Al-Mulla each won a ......read more
Doha, Qatar, August 8, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the final list of Mastercard Weekend offer winners, at the Bank’s headquarters. The winners were chosen based on the highest number of transactions during the weekends.
The winners announced by Barwa Bank are: Mohamed Shawara, Mir Afroze Ali, ......read more
Doha, Qatar, 07 August, 2018: As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance Group, the leading insurer in Qatar and the MENA region have collaborated with Dreama to provide sponsorship for quality housing refurbishment for orphans.
QIC Group has long focused on engaging in multiple CSR collaborations ......read more
Qatar, July 31, 2018: Burgan Bank, one of the leading banks in talent and career development, announced its one-year sponsorship of leading knowledge transfer platform - Knowledge Club’s Season 2 workshops and seminars as part of its ongoing strategy to enhance its human capital capabilities through world-class training, strategic partnerships and supportive ......read more
QIC reports 91% of the full year 2017 profits in H1 2018
Improved underwriting performance reflects portfolio shift to lower volatility business
Doha, 25 July 2018 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results approved by the board for the first half of 2018.
In H1 2018 ......read more
Doha, Qatar – July 22, 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Abdulrahman Saad Al-Kuwari as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of ......read more
Net profit of QAR 335 million, an increase of 5% year on year
Increased Operating Income to QAR 617 million
Operating expenses were QAR 166 million, 3% lower compared to H1, 2017
Deposit growth of 3% to QAR 33 billion
Doha, July 19, 2018: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the first six months of 2018, reporting a Net ......read more
Doha, Qatar, July 18, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the fourth draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters.
The draw was held on July 5th, 2018 and five winners took home a QAR 20,000 cash price each: Nasr Merghani Mohamed, ......read more
As part of supporting small and medium enterprises
Doha, Qatar, 17, July 2018: Qatar Development Bank (QDB) organized a workshop on national strategy for business incubators and business accelerators, which was attended by representatives from concerned authorities responsible for entrepreneurship and development of small and medium enterprises in Qatar.
During the workshop, the main ......read more
By the World Union for Arab Bankers
Doha, Qatar – 12, July 2018 – Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has been awarded for its ‘Excellence in Diversified Islamic Services and Products in Qatar’ at ‘The Arab Banks Awards & Commendations of Excellence 2018’, which was recently organized by the ......read more
Doha, Qatar, 11 July 2018, (AETOSWire): QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.
For the first half of 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up by 7% compared to last year. Total assets increased by 10% from June 2017 to reach QAR846 billion (USD232 ......read more