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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
Doha – Qatar, May 03, 2018- First Finance Company (FFC), a subsidiary of Barwa Bank Group, has received the Quality Management System Standard Certification, known as ISO 9001:2015 from the international accredited registrar DNV GL in the field of providing financial services in accordance with the Islamic Shari’ah law.
Mr. Eslah Assem, Chief Executive Officer ......read more
In order to provide venture capital
Doha, Qatar, May 1, 2018: Qatar Development Bank (QDB) today, in the presence of distinguished guests, announced the launch of “QDB Investment Forum” with an aim to attract global venture capital firms to set up their base in Qatar in order to facilitate the exchange of knowledge, service, and expertise for the Qatari SMEs and entrepreneurs to ......read more
Final awards ceremony held under the patronage of the Minister of Economy and Commerce, His Excellency Sheikh Ahmed bin Jassim al-Thani
Value of awards this year amounts to more than QAR 500,000
In the past, more than 200 ideas have been presented at the Al-Fikra nationwide contests – of which 14 business models have been supported through incubation time, integrated consultancy ......read more
Net profit exceeded 208 million Qatari Riyals, an increase of 15%
Doha – Qatar, April 2018- Barwa Bank Group disclosed its financial statements for the first quarter ending 31st March 2018, where the Group has recorded a net profit of QAR 208.7 million, representing an increase of 15% as compared to the same period in 2017.
His Excellency Sheikh Mohammed Bin Hamad Bin Jassim Al Thani, ......read more
Doha, April 28, 2018 – In a joint effort between Al Khaliji Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, and HEC Paris in Qatar, a leading provider of executive education, Al Khaliji Bank invited all private banking customers to attend an exclusive masterclass session on one of the most crucial topics ‘Managing in Challenging ......read more
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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