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Featured in Banking and Investments
Qatar Development Bank successfully completes the 4th edition of Bank's Retirees Entrepreneurship Program “Khutwa”

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

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

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

SEIB Insurance and Reinsurance announces its partnership with QMED 2019 as the Silver sponsor

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

QIC wins two prestigious awards at the MENA Fund Manager Performance Awards 2019

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

al khaliji extends its financial support to the Qatar Society for Rehabilitation of Special Needs

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

Barwa Bank's AGM Approves 15% Cash Dividend for Shareholders

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

Qatar Keen to Further Develop the Private Sector, Seeking Self-sufficiency, and Promoting Joint Ventures With International Partners

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

QIC Group sponsors Katara International Beach Volleyball Championship 2019

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

Qatar Development Bank and ADFIMI jointly host workshop on “Shariah Compliance Issues of Crypto Assets”

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

QIC Group and Commercial Bank Qatar Masters cherish a distinctive partnership

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

Shareholders approve recommended distribution of cash dividend payout of 15%

Doha, 27 February, 2019: Despite being a challenging year, in 2018 Qatar Insurance, the leading insurance Group recorded strong operational performance, coupled with robust premium growth, taking Gross Written Premium (GWP) to QAR 12.6 billion, up by 8% vis-à-vis the same period in 2017. The underwriting results for the Group for the year 2018 amounted to QAR 576 million. QIC Group’s consolidated net profit for the full year 2018 came in at QAR 664 million.  The Annual General Meeting that was held yesterday at the Four Seasons Hotel was chaired by Abdulla bin Khalifa Al-Attiya, Deputy Chairman of the Board of Directors. The shareholders discussed the Group’s annual performance and endorsed the recommended distribution of cash dividend payout of 15% for the year ended 31st December 2018. Approval was also granted ......read more

al khaliji takes part in TAWTEEN launch event as the Sponsor

Doha, February 20, 2019 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in continuation to its strategic goal of empowering Qatari youths and enhancing the jobs market in Qatar, took part in the TAWTEEN launch event as one of the proud sponsors. Held under the patronage of His Excellency Sheikh Abdullah bin Nasser bin Khalifa Al Thani, the Prime Minister and the Minister of Interior, the event took place on February 18 and 19, 2019 at Sheraton Hotel. The program was launched amid the presence of dignitaries, the large participation of official bodies and entities, energy sector companies, and a wide spectrum of service providers and supporting industries.  Hosted by Qatar Petroleum, TAWTEEN is the localization program for services and industries in the energy sector, specifically for ......read more

al khaliji hosts its 5th Annual Football Tournament

Doha, February 20, 2019 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, with the aim of promoting the health and wellness of its community members, recently hosted its Annual Football Tournament for the fifth year in a row. The initiative was held in support of Qatar’s National Sport Day and comes as part of al khaliji’s Corporate Social Responsibility program.  Held on Saturday 16 February 2019 at AL Saad Club, the Bank’s 5-A-side Football Tournament, saw the participation of teams from several organizations and served as a platform to foster the values of community, sportsmanship and positive team spirit among participants.  The competing teams were from leading institutions such as, Qatar Investment Authority, Georgetown University, Ooredoo, Mannai ......read more

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

Doha, Qatar – 17 February 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, Fatemah Abdalah Ali and Milad Mahmood 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: Mahmoud Mohammed Al-Yafei, Loai Al-Tawil, Faisal Ali Al-Anssari, Kholoud Amralla Al-Emadi, Jassim Mohamed Fakhroo, Saeta Salem Al-Qarah, Mehanna Sultan Al-Naemi, Ahlam Yousuf Al-Baker, Al-Anoud Hassan Al-Sahli, Sirish Nallamatla, Hussain Sultan Al-Jaber, Mohammed Talha, Sheikha Wadha Qassim Al-Thani, Lulwa Hasan Bureshaid, Tahira Abdulwaris, Kayingil Mohamed, Ranya ......read more

Barwa Bank celebrates 8th National Sport Day with employees and families

Doha, Qatar 17 February 2019: Barwa Bank hosted a fun and engaging sports program for all its employees, in support of the eighth National Sport Day in collaboration with Al Ahli Sports Club.  The bank’s participation in the National Sport Day is in line with its Corporate Social Responsibility (CSR) program to create awareness on the importance of sports and fitness in achieving a sound and healthy lifestyle, which, in turn, helps in the development of a strong, prosperous society. The Group’s employees and members from the executive management participated in the event along with their families. Activities and sports events included rope challenge, climbing challenge, golf, yoga session, kids section, and a football match.  For children below five years, a kids area was arranged for them to enjoy the day ......read more

Barwa Bank launches the new mobile banking application

Doha, Qatar, February 11 2019: Doha, Qatar, February XX 2019: Barwa Bank the most innovative Shari’ah compliant bank in Qatar has announced the launch of its mobile application for all customers to meet their daily financial needs. Barwa Bank new mobile application can be used on smart devices and is compatible with both IOS and Android. The new application is designed to offer customers speed, efficiency and maximum security while accessing their accounts and executing the banking transactions.  This application includes new services and features including Barwa Bank rewards, money transfer with Western Union and cardless cash withdrawal services. With Barwa Bank Rewards, customers can now view their loyalty points and redeem at a wide range of redemption options including booking flights or hotel bookings, car ......read more

Qatar Financial Centre (QFC) partners with QFBA to run the pilot program for the first batch of generation 2030

DOHA, Qatar – 06 February 2019 –  Qatar Financial Centre (QFC) partners with QFBA to runs the pilot program for the first batch of generation 2030 in pursuit of offering the best in class financial courses to Qatari executives and new age professionals. The program, targeting new joiners as well as employees who have been on the job for up to three years, will help professionals master the latest trends and challenges in the financial sector and thereby allow them to further hone their skills. The Training modules will be spread over four to six months, with coaching and mentoring in between.  The pilot session of this program took place at QFBA and involved participation of Qatari employees from all QFC entities. Commenting on the occasion, Qatar Financial Centre CEO Yousuf Mohamed Al-Jaida ......read more

QIC Board of Directors Meeting

Qatar, February 04, 2019:  Please be advised that QIC Board of Directors' in their meeting held today on 3rd of February. 2019, reviewed the company's performance, the financial information for the year 2018, the auditor's report and the profits realized (QR. 646 Million). The board recommended Cash (Dividends 15 %) from the share par value, i.e. QR. (1.5)                      QR. for each share, Also the board has proposed increase in capital by (QR77.042.580) through the private shares issuance (7.704.258) shares. Share price is (QR36/57) per share ((QR 10) nominal value + (QR26/57) share premium). Only the minority shareholders of the subsidiary QIC Capital, registered in Qatar Financial Center, has full rights of subscription In addition, the board also proposed to change the nominal value of the share price to be one Qatari ......read more

QIC records a substantive profit growth of 57% to QAR 664 million

QIC contributes QAR 10 billion annually in the Qatari economy  Global Operations represent 77% of total gross written premiums  Qatar Re ranks 27th amongst the global top 50 reinsurers  Doha, 03 February 2019 - Qatar Insurance Group, the leading insurer in Qatar and the Middle East North African (MENA) region yesterday announced its financial results for 2018.  Following a meeting of the Board of Directors, which was presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman & Managing Director, the Board approved the financial results.  Despite an adverse backdrop, QIC Group, being a diversified insurance Group with international presence, in 2018 recorded Gross Written Premiums (GWP) of QAR 12.6 billion, an increase of 8% compared to 2017. Weathering heightened global market ......read more

QDB announces the Launches of the 4th edition of its Retirees Entrepreneurship Program “Khutwa”

Doha, Qatar, February 2, 2019: As part of its pursuit to stimulate entrepreneurship in Qatar, Qatar Development Bank (QDB) is pleased to announce the launch of the 4th edition of its Retirees Entrepreneurship Program “Khutwa”. The registration to the program starts on the 3rd of February 2019, while the course starts on the 24th of February for 12 days, followed by special consultation sessions for participants to identify their project ideas and the type of support provided to them.  Khutwa program is aimed to train and develop retirees to learn basic skills of entrepreneurship, through a package of training programs and advisory services to enter the world of entrepreneurship to establish and manage a sustainable successful business. The target audience for this course is Retired Qatari males and females. Upon ......read more

Al Khaliji's Humanoid Robot Noor Introduces Latest Banking Products to HIA Passengers

Doha, January 31, 2019 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, introduced its state-of-the-art humanoid robot to Hamad International Airport (HIA) passengers with the aim to inform the public about the bank’s latest offerings, bringing them closer to al khaliji’s innovative banking solutions.  Nicknamed, Noor, the humanoid robot has been interacting with departing passengers at HIA for a period of 2 weeks, acting as an informative pit-stop station updating the public on the current services and products that the bank is offering.  Noor was first introduced and launched at al khaliji’s Um Lekhba branch, in May 2018. Noor has been designed to be genuine day-to-day companion and guide. She is the first humanoid robot capable of recognizing the principal ......read more

Qatar Insurance Group holds blood donation drive

Doha,  Qatar, January 29, 2019:  Qatar Insurance Group - the leading insurer in the MENA recently held a blood donation campaign at QIC Headquarters in West Bay. The campaign was organized in collaboration with Hamad Medical Corporation (HMC) Blood Donation Unit. HMC mobilized its blood donation bus along with its medical unit to assist in the successful completion of the blood donation drive. For QIC Group the blood donation campaign serves as an important Corporate Social Responsibility (CSR) initiative, which creates scalable impact for the society, environment and its people. Like all other businesses, QIC Group considers CSR as a cornerstone for the sustainable development of the society and spares no effort to fulfil its CSR duties. By participating in various social initiatives and environmental engagements, QIC Group ......read more

Qatar Finance and Business Academy announces the launch of its “Generation 2030” program

DOHA, Qatar, 28, January 2019:  In pursuit of offering the best in class financial courses to Qatari executives and new age professionals, Qatar Finance and Business Academy (QFBA), proudly announces the launch of a national development solution for employees who have been on the job for up to three years. Known as ‘Generation 2030”, the program will help professionals master the latest trends and challenges in the financial sector and thereby allow them to further hone their skills. The Training modules will be spread over four to six months, with coaching and mentoring in between. Commenting on the occasion Dr. Khalid Al Horr, Chief Executive Officer, Qatar Finance and Business Academy, said: “The “Generation 2030” program has been launched after identifying the needs within the ......read more

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

January 23, 2019 Dubai, United Arab Emirates:  Barwa Bank has announced Mercy Pabilona 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 Commerce & Industry. Thara’a, Qatar's Shari’ah compliant and the first in Islamic bank’s sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. 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 Qatari Riyals. On a monthly basis, there are 21 ......read more

Al Khaliji Reports a Strong Increase in Net Profit for 2018

Net profit of QAR 608 million, an increase of 10.5% year-on year Net Fee and Commission Income of QAR 189 million, an increase of 4% over last year Operating expenses lower compared to 2017, to QAR 329 million Impairments significantly lower; a decrease of 40% year on year Strong Liquidity position, well above regulatory requirements Doha, Qatar, January 21, 2019:   Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the year ended 31 December 2018 today with a Net Profit of QAR 608 million.   The consolidated financial statements for the year ended 31 December 2018 were approved by the Board of  Directors of al khaliji during its meeting held in Doha on 20 January 2019. The figures are subject to Qatar Central Bank’s approval and ......read more

Other Top Stories from Banking and Investments
 
Qatar is in full charge to spearhead Sports Tech. Entrepreneurship scene regionally…

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

QIC Group conducts Pink Month campaign…

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…

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

QIC Group reports net profit growth of 54% to QAR 474 million for first nine months of 2018…

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

Al Khaliji Reports Q3, 2018 Net Profit of Qar 469 Million – 3.5% Growth Year on Year…

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

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

QDB announces accepting applications for registration in Al Furjan Markets Draw starting October ...…

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

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

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

Burgan Bank's New In-house Learning & Development Center alongside Agreement with “Knowledge Club ...…

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

Al Khaliji Reports H1, 2018 Net Profit of Qar 335 Million - 5% Growth Year on Year…

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

Barwa Bank announces the 4th draw winners of Salary Transfer campaign…

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

QDB organizes a workshop on national strategy for business incubators and business accelerators ...…

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

Barwa Bank awarded for its “Excellence in Diversified Islamic Services and Products in Qatar”…

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

QNB Group: Financial Results for the Six Months Ended 30 June 2018…

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

al khaliji wins the ‘Best Commercial Bank in Qatar' award at the Arab Banks Awards 2018…

Doha, Qatar – July 9, 2018 :   Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, has been named as the ‘The Best Commercial Bank in Qatar’ at the 2018 Arab Banks Awards & Commendations of Excellence, organized by the World Union of Arab Bankers (WUAB) and hosted by The Banking Executive magazine.  Al khaliji’s ......read more

SMEs set for growing role as Qatar looks towards private sector diversification…

Qatar, July 08, 2018:  Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans.  Local SMEs were presented with a series of potential business opportunities at the third annual Government Procurement and Contracting Conference ......read more

Qatar Moving to Promote Private Sector Development and Economic Diversification…

Private-sector growth and the development of new sectors will be the focus of Oxford Business Group’s upcoming publication, ‘The Report: Qatar 2019’. Doha, June 11, 2018:   Private-sector growth and new government initiatives to support long-term economic diversification and sustainability will be the focus of the global research, publishing and consultancy ......read more

Barwa Bank announces the 3rd draw winners of Salary Transfer campaign…

Doha, Qatar – June 09, 2018:   Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the third draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters. The draw was held on June 5th, 2018 and five winners took home a QAR 20,000 cash price each: Mohammed Abdullah Hashem, Mohammed ......read more

Qatar Development Bank supports Qatari SMEs projects at the 2018 National Plastic Exhibition…

Doha, 5 June 2018:   Qatar Development Bank (QDB), through its export development agency 'Tasdeer', participated in NPE2018, the world’s largest and most prominent plastics trade show and conference in the Western Hemisphere. NPE2018 took place from May 7th till May 11th in Orlando Florida, USA, and saw participation from 11 Qatari companies in the plastic industry as part ......read more

Barwa Bank launches its Corporate ATM…

In line with its continuous endeavor to enhance corporate customers experience and efficiency  Doha – Qatar –June 4, 2018:  In line with its continuous efforts to provide innovative services to its corporate customers in Qatar, Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has launched its Corporate ATM at its main ......read more

Barwa Bank announces the winners of its VISA Credit Cards FIFA World Cup offer 2018…

Doha, Qatar – May 30, 2018:  Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced the names of two customers who have won a trip to the 2018 FIFA World Cup in Russia.  Barwa Bank joined hands with Visa, the worldwide partner of the 2018 FIFA World Cup Russia™, for the promotional offer that was offered to both ......read more

QDB in Collaboration with Bedaya Center and Qatar Business Incubation Center Launches the ...…

Doha, 27 May 2018:  As part of its continuous support for home-based businesses, Qatar Development Bank (QDB) has launched the 3rd edition of “Ramadan Bazaar Markets 2018” in cooperation with Bedaya Center and Qatar Business Incubation Center (QBIC), during a ribbon cutting ceremony held on Saturday 26 May at The Gate Mall, in the framework of the bank’s Home-based Business ......read more

QDB through its export development agency ‘Tasdeer' participated in FHA Singapore 2018…

Doha, Qatar, May 23, 2018:   Qatar Development Bank (QDB), in its ongoing endeavor to provide all means of support to help the food and beverages SMEs spread their wings in the global markets, through its export development agency 'Tasdeer', participated in Food and Hotel Asia (FHA) 2018, which was held from April 24-27, 2018 at Singapore Expo and Suntec ......read more

Barwa Bank launches Mastercard Weekend Offer…

Doha, Qatar –May 21, 2018:   Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, launches MasterCard Weekend offer for its existing Barwa Bank Mastercard holders.  During the holy month of Ramadan, Barwa Bank offers its customers a chance to win exciting rewards when they make transactions using their MasterCard credit card ......read more

QFBA, in collaboration with CFA Society Qatar, hosted a free CFA Information Session…

Doha, Qatar, May 19, 2018:   In line with the Qatar National Vision 2030 towards developing human capital and as part of its mission, Qatar Finance and Business Academy (QFBA) in collaboration with the CFA Society Doha organized a free CFA information session on Tuesday May 8, in order to create an awareness for finance professionals on the importance of being certified in a fast moving ......read more

Barwa Bank announces impactful campaigns during the holy month of Ramadan to enhance customer ...…

Doha, Qatar – May 17, 2018 – Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, has announced a slew of customers centric campaigns and initiatives for the holy month of Ramadan. In one of the initiatives, the Bank has launched Mastercard Weekend offer for its existing Barwa Bank Mastercard holders. The move has been taken in order to ......read more

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

Doha, Qatar – 13 May 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, Randa Abumaali and Lamiaa Gomaa Allak each won a cash ......read more

Barwa Bank announces the 2nd draw winners of Salary Transfer campaign…

Doha, Qatar – May 07,  2018:   Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the second draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters. The draw was held on May 6th, 2018 and five winners took home a QAR 20,000 cash price each: Ebrahim Haidar Abdulla, ......read more

QFBA joins forces with Barwa Bank for “National Leadership Development' program…

DOHA, Qatar – 6 May 2018:   Qatar Finance and Business Academy (QFBA), has joined hands with Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, in offering a new and innovative leadership development program, from January 31 to December 12, 2018, aimed at educating managers on how to become more effective leaders in ......read more

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