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Featured in Banking and Investments
al khaliji holds awareness session to mark Breast Cancer Awareness Month

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 presented a lecture about breast cancer symptoms, stages and prevention methods, in addition to Mammogram, which is the early detections test every woman between 45-69 should do once every 3 years. The lecture included also details about the suites where women can get screened.  Al khaliji was keen to maximize the opportunity for participants of the seminar to gain a wide perspective and promote a message of hope.  “Breast ......read more

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

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 cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Noora Mohammed Al-Naimi, and Khalid Jumah Al-Marzouqi, respectively. 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 cash rewards up to 1,000,000 Qatar Riyals, a first for ......read more

OQIC subsidiary of QIC Group announces opening of new Corporate Office

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, industry experts, prominent business leaders, associates and partners, and OQIC employees. During the opening ceremony HE Khalaf Ahmed Al Mannai, Chairman of Oman Qatar Insurance Company unveiled the new headquarters in the presence of HE Sheikh Khalid bin Omar Al Marhoon Honorable Minister of Civil Services and other excellencies, including HE Abdullah bin Salim Al Salmi Executive President of the Capital Market Authority, HE Ali bin Fahad Al ......read more

QDB kicks off the 2nd edition of “Made at Home” exhibition

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 Administrative Development Labor & Social Affairs flagged off the 2nd edition of the “Made at Home” Exhibition on October 14, 2018. The seven-day event is being hosted at the Doha Exhibition and Convention Center, and it was inaugurated by HE Dr. Issa bin Saad Al Jafali Al Nuaimi, Minister of Administrative Development, Labor and Social Affairs. This exhibition offers home-based businesses a unique opportunity to display and sell their ......read more

QDB announces accepting applications for registration in Al Furjan Markets Draw starting October 21, 2018 through Al Furjan mobile application

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 registration for Al Furjan markets phase I raffle draw to award retail space, starting October 21, 2018. The registration process 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.  The path breaking plan was announced yesterday, on Tuesday October 9, during a press conference, held ......read more

QIC Group launches QIC Learning Academy and conducts Phase One of the development programme

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 advocates the development of human capital to build a strong knowledge based economy through support from its Senior Management. In view of this, QIC Group continues to attract, motivate, develop and retain Qatari talent. Pursuant to its consistent efforts at aligning with this goal, QIC Group has not only attracted, but has also groomed young and ambitious Qatari nationals to assume leadership and senior specialist positions within the Group. ......read more

QDB's Tasdeer offers global paradigms to Qatari SMEs

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 in recent months several trade missions as well as participated in a number of exhibitions in lucrative parts of the globe. Through its activities, TASDEER aims to promote exports from Qatar and enhance the expanse of Qatari SMEs at global platforms.    Global events   With an aim to support Qatar National Vision 2030 and enhance the growth potential of Qatari SMEs, Qatar Development Bank (QDB) took part in Columbia ......read more

Barwa Bank announces the grand prize “Lexus LX 570” winner of Salary Transfer campaign

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 of the qualitative license and market control department at the Ministry of Economy and Commerce. The winner was Mr. Mohammad Raja Aljaowni who drove home a brand-new Lexus LX 570; a grand win that marked the culmination of 5 previous draws that were held during the campaign’s period and led to the win of 25 customers - 5 customers per draw - with cash prizes of QR 20,000 each. Barwa Bank’s Salary Transfer promotional campaign, ......read more

QIC Board of Directors approve establishment of Limited Liability Company

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 established with an initial capital of QAR 1,800,000 (One million eight hundred thousand Qatari Riyals). The new company will be named Epicure Investment Management or any other name that is approved by the Qatar Financial Markets Authority (QFMA). The new company will carry out investment business consultation.  

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al khaliji named ‘Best Bank in Productivity' at the New Age Banking Awards 2018

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 ceremony held at InterContinental Doha – The City West Bay on September 18, 2018. The New Age Banking Awards 2018 was supported by Qatar Central Bank (QCB) and Qatar Financial Centre Regulatory Authority (QFCRA).  On receiving the award, Ms. Rana Al Asaad, Head of Personal Banking al khaliji Bank, said: “We are honored to receive this prestigious award. It has always been our endeavor to reach that extra mile in satisfying our ......read more

OQIC subsidiary of Qatar Insurance Group wins Best Performing Company at AIWA awards

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 magazine in the Sultanate of Oman.   The criteria for the nomination of the award were based on various parameters such as business growth, performance, profits etc. for the year 2017. The ranking for the award was performed by Gulf Baader Capital Markets and the results of the listed companies (on Muscat Securities Market - MSM) were validated by KPMG.  Established in 2004, Oman Qatar Insurance Company (OQIC) currently has ten ......read more

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

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 won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients:  Maher Almokhtar Rouhdu, Abdulla Turki Al-Subaey, Aysha Essa Al-Sulaiti, Abdulla Ali Al-Kuwari, Hamad Ali Al-Kaabi, Abdulla Mohammed Al-Hamadi, Aljori Yousef Al-Jaber, Obaidullah Muhammad, Zaid Said Hamto, Iqbal Abdul Bari, Bassel Zeini, Georges Nader, Mohammad Mustafa Wais, Faisal Ali Al-Anssari, Tameem Adel Al-Joof, Ghazi Yagoub ......read more

First Finance Company announces the opening of its new branch at “Mawater City”

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 would assist ease to customers in buying and financing for cars.  Based on the premise of care, simplicity, and flexibility, it will help simplify procedures and offer flexible credit conditions. Instant approval would be offered to customers opting for the services. Apart from this, other associated advantages include zero down payment (for Qataris); installments up to 72 months (for Qataris); installments up to 48 months (for expats); up ......read more

QDB launch the second edition of Qatar Entrepreneurship Report

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 and acknowledging the evolution of entrepreneurship in Qatar to explore the challenges facing entrepreneurs, their characteristics, and their motivations to establish their businesses, as well as other factors that benefit policy makers.   In its continuous quest to support the growth of Qatari economy by way of enhancing SMEs’ performance, QDB takes immense pleasure in launching the Global Entrepreneurship Monitor (GEM) report ......read more

Qatar Re ranked 27th amongst top 50 global reinsurers

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, serving global reinsurance markets.  Qatar Re’s new ranking was assigned on the basis of unaffiliated Gross Written Premium (GWP) in 2017. Besides having a strong track record of operational performance and robust underwriting, the reinsurer also wrote non-life reinsurance business worth QAR 1,626 million in 2017.  Licensed as a Class 4 reinsurer by the Bermuda Monetary Authority (BMA), Qatar Re is headquartered in Bermuda. ......read more

al khaliji wins ‘Al Dhameen Best Customer Satisfaction Award' for 2018

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 (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 Rotana City Center Hotel, in the presence of the Governor of Qatar Central Bank HE Sheikh Abdulla Bin Saoud Al-Thani, QDB Executive Director of Business Finance Mr. Khalid Abdulla Al Mana, Al Dhameen Manager Ms. Jawaher Humaid Al Noaimi and VIP ......read more

QDB hosts the Best Partner Bank Award for supporting SMEs through Al Dhameen Program

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 is one of the most successful initiatives by QDB to assist SMEs of Qatar and offer them the much needed support to grow further in their endeavors. The ceremony was held yesterday at City Centre Rotana Doha Hotel. The awards ceremony was graced by HE Sheikh Abdullah bin Saud al-Thani, Governor of Qatar Central Bank (QCB) and chairman of Qatar Development Bank (QDB), as well as the executive leadership and top management of participating banks, in ......read more

QFBA launches the 6th Cohort of Kawader

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 2nd and is likely to conclude in December 2018. Kawader program includes Financial Services relevant training based on global standards, which come as a result of the financial industry efforts to invest in the next generation of leaders in the Qatari Financial Sector.    The program is designed to train fresh Qatari graduates and young Qatari professionals in the early stage of their career towards accredited certifications to ......read more

Merger Agreement between Barwa Bank and International Bank of Qatar (ibq)

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 2030.  According to this merger agreement, the two banks will work to complete the necessary steps to consummate the merger, obtain the required approvals from the regulatory authorities and obtain shareholders’ approvals before the end of 2018. The two entities will be consolidated and operate as one bank subsequent to their respective general assemblies and the adoption of their final financial results for the fiscal year ending in ......read more

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

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 cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients:  Noora Mohammed Al-Baker, Hamad Aqeel Al-Shammari, Babiker Ali, Iqbal Ahmed Abdul Bari, Hessa Ibrahim Al-Hammadi, Khulood Esmaeil Mahmoudi, Hamad Ali Al-Marri, Aida Maath Abid, Abdulqawi Awad Al-Yafei, Adel Alawi Al-Sanabani, Ali Al-Kubaisi, Fatma  Aly, Jamal Mohammed Al-Baker, Abdelaziz Soltan, Turki Mansour Al-Qahtani, Mohamad ......read more

Barwa Bank declares the winners of Mastercard Weekend Offer

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, Moeed Ahmed, Mohamed Janahi, Kamel Lafi, Ayesha Banu, Abdulla Jassim Al-Malki, Yousef Al-Jassim, Ateeq Khalid and Ali Al-Rumaihi. Each winner took home a travel voucher worth QAR 5,000. In addition to the prize, they earned loyalty points from Barwa Bank with every purchase using Mastercard. These points would be redeemable with Qatar Airways Privilege Club, Nojoom and other leading merchants across Qatar.   The offer was valid for ......read more

QIC Group reaffirms its commitment to CSR through partnership with Dreama

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 that make significant developments in the fields of human and social development. Evolving with the trends that underpin the changing CSR landscape in Qatar, QIC Group has been involved in various activities that contribute to the advancement of the society, including cultural, social and human values that create scalable impact.  Today CSR is considered an integral pillar for achieving sustainable development; not only in business, but ......read more

Burgan Bank's New In-house Learning & Development Center alongside Agreement with “Knowledge Club 2018” Pursues Excellence in Human Capital Development

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 resources.  The agreement was signed with Vigor Events: the founder of the “Knowledge Club” and a first-class education and training provider in the Middle East and North Africa region.  The “Knowledge Club,” running for the 6th year, provides top companies and individual professionals an exceptional training and development experience. The comprehensive program will hold seminars, conferences, and experiential learning workshops ......read more

QIC Group reports Gross Written premiums of QAR 6.6 billion for the H1 2018

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 QIC Group recorded growth in Gross Written Premium (GWP) of 5% to QAR 6.6 billion. This performance reflects the steady and systematic expansion of QIC Group’s international operations, which has further expanded in select low volatility classes. The MENA markets continued to generate stable premiums and underwriting profitability, weathering unabated geopolitical headwinds. Against this backdrop, the Group reported profits to the tune ......read more

Barwa Bank announces the grand prize winner (QAR 1 million) of Thara'a savings account

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 Economy and Commerce. Thara’a offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari riyals, a first for Islamic banks in Qatar. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totalling 3,300,000 Qatari riyals, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of 10,000 ......read more

Other Top Stories from Banking and Investments
 
al khaliji hosts their 6th Annual clay shooting competition in Doha…

Doha, Qatar – 25 April 2018 -   Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, organized its sixth “Annual Clay Shooting Competition” at the Lusail Shooting Club. The competition welcomed numerous local and international corporate banks and companies to participate in the occasion. Launched in 2012, the first shooting event was ......read more

Qatar Development Bank to launch the “QDB Investment Forum”…

Doha, Qatar, April 22, 2018: As part of its commitment to promote innovative Qatari entrepreneurs and diversify the economy, Qatar Development Bank is launching the “QDB Investment Forum”, which is going to be held on the May 1, 2018, at the Hilton Hotel in Doha. During the Forum, Qatari Entrepreneurs, both start-ups as well as established ones, will meet with local and international ......read more

Al Khaliji Reports a 5.3% Growth in Net Profit for Q1 2018…

Net Interest Income of QAR 244 million, grew by 5.7% year on year Increased Operating Income of QAR 316 million Operating expenses were QAR 81 million, 3% lower compared to Q1, 2017 Net profit of QAR 169.6 million, an increase of 5.3% year on year The Capital Adequacy ratio at quarter-end stood at a healthy 16.6% Doha, April 21, 2018:   Al Khalij Commercial Bank (al ......read more

QDB Launches the SME Tool Kit to give extra support to Local Entrepreneurs…

Doha, Qatar, April 17, 2018:   Envisioning to empower Qatari SMEs to harness growth, Qatar Development Bank (QDB) announced the launch of the first of its kind "SME Toolkit: Policies and Procedures Guidelines for SMEs owners" during a press conference held on Sunday, April 15 at the four Seasons hotel. The press conference was attended by Mr. Abdulaziz bin Nasser Al-Khalifa, ......read more

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

Doha, Qatar – 16th April 2018 –   Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of its April’s draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As the draw results showed, Ahmad Mohd Al-Mohannadi and Sumaya Mehdar Alyafei each won a cash ......read more

QNB Group Financial Results For The Three Months Ended 31 March 2018…

Doha, 10 April 2018:  QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2018. For the three months ended 31 March 2018, Net Profit reached QAR3.4 billion (USD0.9 billion), up by 7% compared to previous year. Total assets increased by 12% from March 2017 to reach QAR834 billion (USD229 ......read more

Barwa Bank's Agm Approves 14% Cash Dividend for Shareholders…

A strong performance in total asset standing at 48,6  billion QR, driven by a strong growth in the finance portfolio that reached 31.7 billion QR. Customer deposits reached 26.5 billion QR.  Doha – Qatar, April 04, 2018:  Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, convened its Annual General Meeting (AGM) on ......read more

Al Meera Consumer Goods Company (Q.S.C) holds its Annual Ordinary General Assembly Meeting for the ...…

Doha, Qatar – March, 2018:   Al Meera Consumer Goods Company (Q.S.C) held its Annual Ordinary General Assembly on Tuesday, 27th March 2018 at La Cigale Hotel, in the presence of Sheikh Thani Bin Thamer Bin Mohamed Al Thani, Chairman of the Board of Directors, as well as members of the Board of Directors, shareholders and investors.  All items on the agenda were discussed, ......read more

QDB renews Al Dhameen program portfolio agreement with QIIB…

Doha- 12 March, 2018 -Buoyed by a strong two-year partnership, Qatar Development Bank (QDB) has once again renewed its agreement with Qatar International Islamic Bank (QIIB) for its very successful Al Dhameen program portfolio agreement, enabling further expansion of SMEs financing. The agreement was inked by Mr. Abdulaziz bin Nasser Al Khalifa, CEO of QDB, and Mr. Abdulbasit Ahmad Al-Shaibei, ......read more

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

Doha, Qatar – March 20, 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, Mr. Mohamed Omar Abdalkader and Mr. Khaldoun Nachawi ......read more

QDB successfully conducts ‘Business modeling' course…

Doha, Qatar – March 18, 2018:   Qatar Development Bank (QDB) in collaboration with Strategyzer imparted a specially designed course ‘Business modeling and value proposition design’ for low-medium startups and entrepreneurs supported by the bank. The course was conducted at the Marriot Marquis – city center in Doha from 25 to 28 February 2018.  The ......read more

Shareholders approve raising QIC Group's capital to QAR 3.2 billion at AGM…

Shareholders approve recommended distribution of cash dividend payout of 15%  Doha, Qatar, March 04, 2018:  Despite being a challenging year, in 2017 Qatar Insurance, the leading insurance Group recorded strong operational performance, coupled with robust premium growth, taking Gross Written Premium (GWP) to QAR 11.7 billion, up by 18% vis-à-vis the same period in 2016. The ......read more

QIC Group to increase capital from QAR 2.7 billion to QAR 3.2 billion…

Shareholders approve recommended distribution of cash dividend payout of 15% Doha, 25 February, 2018: Despite being a challenging year, in 2017 Qatar Insurance, the leading insurance Group recorded strong operational performance, coupled with robust premium growth, taking Gross Written Premium (GWP) to QAR 11.7 billion, up by 18% vis-à-vis the same period in 2016. The underwriting results for ......read more

QFBA join forces with MUFG to develop Qatari talent…

DOHA, Qatar – 25 February 2018 –   The Qatar Finance and Business Academy (QFBA) recently signed an internship partnership with Mitsubishi UFJ Financial Group’s (MUFG) banking arm - The Bank of Tokyo-Mitsubishi UFJ, to host three Kawader internships at their Asian Offices in Singapore, Malaysia and Hong Kong.  The agreement between QFBA and MUFG is an extension ......read more

Barwa Bank claims two sought-after titles at the European Magazine Global Banking & Finance Awards ...…

Doha, Qatar – February 17, 2018 –   In recognition of its service excellence and innovative efforts in the Islamic Banking sector, Barwa Bank, Qatar's most progressive Shari’ah compliant service provider, walked away with two esteemed titles at the European Magazine Global Banking & Finance Awards 2017.  The bank was named the ‘Best ......read more

Al Khaliji CFO attends focus group meet to review Business Studies - Accounting program at CNA-Q…

Doha, February 12, 2018:   Al Khaliji Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, through its ongoing commitment to the communities in which it operates, continues to support students, by helping to build their knowledge to ensure academic excellence, which can in turn, enable them to gain the necessary expertise to achieve professional development and ......read more

Inaugural OBG Business Barometer: Qatar Ceo Survey Published…

Country is adapting to challenges, results indicate   Doha, February 06, 2018:  Almost all decision-makers interviewed for the first release of the Business Barometer: Qatar Survey carried out by Oxford Business Group (OBG) remain upbeat about the local business environment, despite the ongoing boycott implemented by some of its GCC neighbours.   As part of its survey, ......read more

al khaliji gives recognition to long-serving and outstanding employees during its annual staff ...…

Doha, February 3, 2018–   Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, recently held its annual staff gathering at Marriott Marquis City Center Doha. The event honored employees, and felicitated staff who completed 10 years in the bank for their loyalty towards the bank and its customers. In addition to this, outstanding performances of 16 ......read more

Carnegie Mellon and Qatar Development Bank collaborate to meet real business needs of Qatar…

Abdulaziz Bin Nasser Al-Khalifa sees cooperation with academia as a key to supporting aspiring entrepreneurs  DOHA, QATAR February 01, 2018:  Qatar Development Bank’s Abdulaziz Bin Nasser Al-Khalifa stated that collaborations with academic institutions like Carnegie Mellon University in Qatar (CMU-Q) improve the services and support available to aspiring entrepreneurs in Qatar. ......read more

QDB organizes Product Certification Workshop to educate Qatari exporters on the requirements and ...…

As part of its continuous efforts to promote national products Doha, Qatar - January 25, 2018 –   Qatar Development Bank (QDB), through its export program ‘Tasdeer’, organized a Product Certification Workshop to raise awareness among Qatari exporters and introduce them to the requirements and standards of importing countries, as well as export procedures, as part of ......read more

Al Khaliji Reports a Strong Increase of 29% in Net Profit for 2017…

Earnings Release Full Year 2017  Net profit of QAR 551 million, an increase of 29% year-on year Net Operating Income reached QAR 1,215 million, up 5% compared to 2016 Operating expenses were QAR 335 million, 2% lower than the previous year The Capital Adequacy ratio at year-end stood at a healthy 16.7 %   Doha, January 24, 2018: Al Khalij Commercial Bank (al ......read more

CBRE Group, Inc. Named a World's Most Admired Company by Fortune Magazine for Sixth Consecutive Year…

Dubai, UAE, January 23, 2018:  CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.  Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels ......read more

Qatar Development Bank launches the 6th edition of Al Fikra National Business Competition…

Doha, Qatar - December 7, 2017 –  With the aim of supporting Qatari entrepreneurs and nurturing their creative and innovate ideas toward achieving a diversified economic development in the State, Qatar Development Bank (QDB) has launched the sixth edition of its National Business Competition “Al Fikra” at a press conference held yesterday at its headquarters, in the ......read more

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 ......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 ......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 ......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 ......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. ......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, ......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 ......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 ......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 ......read more

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

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 ......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 ......read more

Barwa Bank honored as “Leading Bank in Islamic Services and Products in Qatar” by the World Union ...…

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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......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 ......read more

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 Hosts Its Annual ‘Beach Clean-up' Event to Celebrate the Earth Day in Collaboration with ...…

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 ......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 ......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 ......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 ......read more

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

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 ......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

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