Qatar PR Network, Online Press Release from qatar and Doha city
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
 
Changing dynamics make financial markets more volatile, says Doha Bank Group CEO…

Dubai, April 11, 2017: Doha Bank hosted a knowledge sharing event titled “New world order and opportunities” at Jumeirah at Etihad Towers in Abu Dhabi recently. The speakers at the event were Mr. Craig Wing, Partner and Future Strategist at Future World and Mr. Kamal Sharma, Director & G10 FX Strategist, Bank of America Merrill Lynch Global Research. Speaking at the event Dr. ......read more

QNB: Financial Results For The Three Months Ended 31 March 2017…

QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the three months ended 31 March 2017. For the three months ended 31 March 2017, Net Profit reached QAR3.2 billion (USD0.9 billion), up by 12% compared to previous year, delivering a consistently high profitability. Total assets increased by 35% from March 2016 to reach QAR743 ......read more

Intesa Sanpaolo expands corporate & investment banking in the UAE and Qatar…

New offices opened in Doha and Abu Dhabi  The new offices, alongside its existing Dubai presence, will be part of the Intesa Sanpaolo Corporate and Investment Banking Division (CIB) which has a growing footprint in 29 countries. The increased presence and commitment to the Gulf region will help support the international growth plans of Italian businesses, as well as strengthen the ......read more

ICAI Dubai Felicitates Doha Bank CEO…

Dubai, April 11, 2017: The ICAI – Dubai Annual Conference was held on 7th and 8th April 2017 at the Emirates Institute of Banking and Financial Studies, Academic City, Dubai. The Theme of the Conference was: "FUTURE OF FUTURE” H.H. Sheikh Nahyan Bin Mubarak Al Nahyan, Honourable Cabinet Member & Minister of Culture & Knowledge Development, Government of UAE inaugurated ......read more

Qatar First Bank held AGM…

6th April, 2017 (Doha, QATAR) : Qatar First Bank L.L.C. (Public) “QFB” held its Annual General Meeting (AGM) yesterday to discuss the bank’s results and future outlook after releasing financials for the year ended 31 December 2016 and announcing the launch of the second phase of the cost rationalisation plan. QFB’s Board of Directors, chaired by QFB chairman Abdulla Bin ......read more

Majid Al Futtaim Fashion Announces Franchise Partnership With Crate & Barrel…

Home Furnishings Specialty Retail brand marks Majid Al Futtaim’s first entry into the Home Fashion and Furniture market Dubai, UAE – April 3, 2017: Majid Al Futtaim, the leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa and Asia, today announced the signing of an agreement with Crate and Barrel to operate their stores and showrooms in ......read more

QIC Insured's Road Safety Monitor highlights increase in Qatar's road safety…

QIC Insured presents the findings of the next cycle of ‘Qatar Road Safety Monitor’, a unique perception study of driving behaviour in Qatar Improved road infrastructure: roads have become less dangerous overall Positive perception trends: increased driving enjoyment, reduced commute time and speeding Stable perception trends: tailgating, distracted driving and lane ......read more

Amazon to Acquire SOUQ.com…

Dubai, UAE, March 29, 2017:  Amazon (AMZN) today announced that it has reached an agreement to acquire SOUQ.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable SOUQ.com to continue growing while working with Amazon to bring even more products and offerings to customers worldwide. “Amazon’s entry into the region reflects the visionary foresight ......read more

Doha Bank switches off for Earth Hour…

Dubai, March 27, 2017:  Affirming its commitment to supporting climate change action and raising awareness about energy conservation, Doha Bank switched off the lights in its corporate headquarters and select branches across Qatar Saturday evening as part of its participation in the 11th annual Earth Hour. A people’s movement organized annually by the World Wide Fund for Nature (WWF), ......read more

Doha Bank honoured with “Company of the Year Award” by Qatar University…

Dubai, March 21, 2017:  Doha Bank, one of Qatar’s largest private commercial banks, was honored “company of the year award” by Qatar University on 20th March. On receiving the Award from Dr. Hassan Rashid Al-Derham, President of Qatar University, Dr. R. Seetharaman, Doha Bank CEO said the award was given for Doha Bank’s contribution to sustainable development in ......read more

Doha Bank named ‘Best Trade Finance Bank' in Qatar at Global Finance Awards 2017…

Dubai, March 16, 2017:   Doha Bank, one of Qatar’s largest private commercial banks, was named the Best Trade Finance Bank in Qatar at the Global Finance Awards 2017. Awarded by the Global Finance magazine, the annual award is considered one of the most prestigious in the banking and finance world, and recognizes leading trade finance providers in 9 regions and 84 countries around ......read more

Qatar First Bank announces 2016 year-end financial results…

14th March, 2017 (Doha, QATAR) : Qatar First Bank L.L.C. (Public) “QFB”, a leading Shari’ah compliant bank based in Qatar and listed on the Qatar Stock Exchange (QSE), has released its financial results for the year ended 31 December 2016 and announced the launch of the second phase of its cost rationalisation plan. QFB recorded a net loss of QAR 265.6 million resulting ......read more

al khaliji organizes a nutrition awareness event for the Bank's staff…

Doha, Qatar – 08 February 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in the framework of its multifaceted Corporate Social Responsibility (CSR) program, and in collaboration with Lite n’ Appetite Health and Diet Food Center (Lite n’ Appetite), recently organized a special nutrition awareness event titled “Together for a ......read more

Doha Bank Announces the Launch of the New ‘Doha Bank My Book Qatar' Co-branded Mobile App…

Amazing Buy 1 Get 1 Free Offers Savings Up to QAR 250000  Feature-packed mobile app brings hundreds of irresistible offers at the fingertips of Doha Bank’s credit cardholders at more than 300 outlets in Qatar Dubai, 09 March, 2017:  Doha Bank, one of the largest commercial banks in the State of Qatar, has unveiled a new co-branded mobile application ‘Doha Bank My Book ......read more

MoTC and Accenture Sign MOU to Power Smart Qatar Program ‘TASMU' with Digital Innovation…

Doha, Qatar; 9 March, 2017:  At Qatar's biggest digital event, the QITCOM Exhibition and Conference, the Ministry of Transport and Communications (MoTC) and Accenture (NYSE: ACN), a leading global professional services company, signed an MOU to develop an Innovation Management Capability to source and apply digital technologies and social innovations. The MOU is part of the ambitious ......read more

The Resolutions of the General Assembly Meeting of the Shareholders…

Doha Bank to increase capital by 20% to QR 3,100,467,024 Dubai,UAE,March 07, 2017: H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the EGM has agreed in its meeting held on 06 March 2017 to increase the bank’s capital from QR 2,583,722,520 to up to QR 3,100,467,024 (representing an increase of 20% from the current paid-up share capital) by ......read more

Barwa Bank's AGM Approves 13.5% Cash Dividend for Shareholders…

A strong performance in total asset standing at 46 billion QR, driven by a strong growth in the finance portfolio that reached 29.8 billion QR. Customer deposits reached 29.9 billion QR with a 17.7% growth rate. Doha, Qatar, 1 March 2017:  Barwa Bank convened its Annual General Meeting (AGM) on Monday the 27th of February 2017, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al ......read more

Dhofar Global reinforces presence in Qatar via opening of new office…

UAE, Feburary 28, 2017 – Dhofar Global, a leading supplier of hygiene care products in the Middle East, has further strengthened its presence in Qatar following the recent opening of its new state-of-the-art headquarters in the country in line with its comprehensive expansion plan and full commitment to better address the needs of the thriving local market. Dhofar Global’s move also ......read more

al khaliji named Qatar's ‘Fastest Growing Private Bank' by International Finance Magazine…

Doha, January 26, 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its outstanding achievements and solid performance has been named Qatar’s ‘Fastest Growing Private Bank’ for 2016, by the London-based International Finance Magazine (IFM). The prestigious IFM award adds yet another coveted title to the slew of ......read more

al khaliji Annual General Assembly Endorses 2016 Financial Statements and Approves Distribution of ...…

Doha, 21 February 2017:  Al Khalij Commercial Bank (al khaliji) Q.S.C. held its Annual General Assembly (AGA) and its Extraordinary General Assembly (EGA) meetings on Monday 20 February 2017.  At the Annual General Assembly meeting, the shareholders endorsed the financial statements for the fiscal year ended at 31 December 2016 which reflect a Net Profit after Tax of QAR 427 ......read more

Barwa Bank announces the 15th draw winners of its Thara'a savings account prize…

Doha, Qatar – 20 February 2016:  Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the 15th round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such Mr. Khalifa Ali K A Al-Kubaisi, Ms. Nouf Ibrahim A H Al-Sada, Mr. Mohd Alawi S A Al Yafei and Mr. ......read more

Diversification will lead to new strategic alliances between Qatar and South Korea…

Dubai, February 19, 2017:  Doha Bank hosted a Knowledge Sharing Session on “Changing Global Dynamics and Opportunities” on Thursday the 16th February 2017 from 6.30 pm at Lotte Hotel, Seoul, South Korea. H.E Mr. Kim Jin-Soo, Secretary General, Korea Arab Society attended the event. The event also witnessed participation from Qatar embassy, Oman embassy and Kuwait embassy in ......read more

The First Investor awarded ‘Best GCC Equity Fund' at the MENA Fund Manager Performance Awards…

Doha, Qatar – 19 February, 2017:  The First Investor (TFI), the leading Qatari Islamic investment banking firm, a subsidiary of Barwa Bank Group, has been awarded the “Best GCC Equity Fund” for its flagship product “The First Investor GCC Equity Opportunities Fund (Q)”. The award was announced at the “MENA Fund Manager Performance Awards” held in the ......read more

Doha Bank achieves recertification to ISO20000-2011, 10 years in a row…

Dubai, February 09, 2017:  Doha Bank, a prime and progressive bank in Qatar has been recertified the coveted ISO 20000-2011 certification for its continuous compliance to global standard for IT Service Management. Doha Bank was the FIRST organisation in the GCC to have achieved the ISO/IEC 20000 certification in 2007 and still remains the ONLY financial organisation in Qatar to be ......read more

EFS Facilities Services jumpstarts 2017 with AED 450 Million contract wins in UAE and Qatar…

EFS’ ongoing contracts portfolio reaches all time high of AED 3.5 Billion across MENA, South Asia and Turkey Dubai, UAE, February 2, 2017:  EFS Facilities Services, a regional leader in delivering integrated facilities management services across the Middle East, Africa, South Asia and Turkey, today announced major contract wins worth AED 450 Million in UAE and Qatar.  The ......read more

Doha Bank wins ‘Best Commercial Bank, Qatar 2016' at IFM Awards…

Dubai, January 29, 2017:  Doha Bank was honoured with the ‘Best Commercial Bank Qatar, 2016’ in the Commercial Bank Category at the International Finance Magazine (IFM) awards 2016. The ceremony was held at the JW Marriott Marquis hotel, Dubai on 26th January 2017, and the award was received by Mr. Alaga Raja, Head of Doha Bank’s Abu Dhabi Branch. The IFM Awards 2016 ......read more

Doha Bank Recommends the Distribution of 30 per cent of the Paid-up Capital as a Cash Dividend to ...…

Dubai, January 23, 2017:  His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced that the Board of Directors (BOD) in its meeting held on 22nd of January, 2017 has approved the draft of the Bank’s audited financial statements for the year ended 2016. His Excellency added that the net profit of the Bank for the year 2016 ......read more

QNB Capital and banks act as JLMs on new Republic of Turkey USD 2 Bio Long 10 Year Senior ...…

Doha, Qatar -  January 21, 2017 Republic of Turkey (Ba1/BB/BBB-) priced yesterday a USD 2 Billion long 10-year Senior Unsecured global bond. The USD benchmark offers a semi-annual coupon of 6.00% and matures on 25 March 2027. It offers investors a yield of 6.15% (semi-annual), which is equivalent to a spread of 375.7 basis points over the 2% US Treasury due 15 Nov 2026. The ......read more

Al Khaliji Adopts Green Practices on Its Premises…

Doha, December 28, 2016:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C, Qatar's next generation bank, has launched an internal drive to support the environment by adopting sustainable best practices on its premises, as part of its ongoing commitment to the environment. This initiative comes as part of al khaliji’s ongoing CSR practices. To set the campaign in motion, the bank ......read more

Barwa Bank celebrates Qatar National Day with a multi-prize online competition…

Open to all Qatar residents 30 lucky winners will each take home QR 1,000  A second draw where 3 iPhones are on offer Doha, Qatar –12 December 2016:  In an effort to revive the country’s rich history and heritage, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, is celebrating the Qatar National Day (QND) with an ......read more

Alfardan Group a Strategic Partner for the 2016 CSR Conference in Qatar…

December 10, 2016: On 7th and 8th December 2016, Alfardan Group hosted the 4th CSR Conference in Qatar at Al Gassar Ballroom, in the St. Regis Doha. The event was organized by Dar Al Sharq and was held under the patronage of His Excellency Sheikh Abdulla Bin Saoud Al Thani, Qatar Central Bank Governor. It focused on strategy development and business performance support in the framework of ......read more

QFBA launches its new all-inclusive open programs calendar for 2017…

Doha – Qatar, December 7, 2016 – Qatar Finance and Business Academy (QFBA), has recently launched its all-new revamped open programs calendar for 2017, in the first of a series of steps designed to elevate the status of the Academy as a center of excellence for its clients and partners, while propelling its contribution to the realization of the Qatar National Vision 2030 to a whole ......read more

The Euromoney Qatar Conference Begins on Tuesday…

H.E. Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister, State of Qatar to Open Conference with Official Address Doha, Qatar, December 5, 2016:  Senior bankers, financiers and economic experts from across the region and around the world are arriving in Qatar for the Euromoney Qatar Conference, which runs from 6-7 December 2016.  The high profile event, which is one of ......read more

Leading Global and National Financial Institutions Support Euromoney Qatar 2016…

Major Organisations Sponsoring and Speaking at Global Meeting of Bankers and Financial Leaders in Doha  Doha, Qatar, December 4, 2016:  Leading international banks and some of Qatar’s most important financial institutions are set to participate in the forthcoming Euromoney Qatar Conference 2016, which runs from 6-7 December in Doha, Qatar.  The event, which is now in ......read more

Barwa Bank celebrates Qatar National Day with a limited-edition Credit Card…

Doha, Qatar – 4 December 2016:  In a creative demonstration of its deep-rooted commitment to Qatari values, traditions and heritage, Barwa Bank, Qatar’s most progressive Shari’ah compliant service provider, celebrates the Qatar National Day (QND) with its limited-edition Platinum Credit Card for the second year in a row. Introduced to customers on December 1st, the ......read more

QFB's Corporate & Institutional Banking division was recognized for customer service excellence and ...…

The Bank’s won the prestigious ‘Best Shari’ah Compliant Commercial Bank - Qatar’ title at the 11th Islamic Business & Finance Awards QFB’s corporate and institutional banking range of products and liability solutions include Wakala, Murabaha, Ijara, Istisna’a, etc. The team has been able to grow QFB’s local asset and liability book, while ......read more

“Sri Lanka has potential investment opportunities in terms of Trade & Investment for Qataris” says ...…

Dubai, November 22, 2016:  Doha Bank in collaboration with Embassy of Sri Lanka in Qatar, Board of Investment of Sri Lanka and Ministry of City Planning and Water Supply, Sri Lanka hosted business and investment forum in Doha Bank Auditorium, Doha, Qatar on 20th November 2016. The inaugural session witnessed participation Prof from (Dr.) W M Karunadasa, Ambassador for Sri Lanka in Qatar, and ......read more

al khaliji successfully concludes its Career Day…

Al Khalij Commercial Bank (al khaliji) P.Q.S.C, Qatar’s next generation bank, successfully concluded its ‘Career Day’ at the Marriott Marquis hotel  with the presence of representatives from the Ministry of Administrative Development, Labour and Social Affairs. At the event, the bank provided the right platform to explore the latest career opportunities in the ......read more

Qatar's Prime Minister Opens Milipol Qatar 2016…

Qatar, 1 November 2016:  Milipol Qatar 2016, under the patronage of HH the Emir Sheikh Tamim bin Hamad Al-Thani, has been officially opened today by HE the Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al-Thani. The 11th edition of the leading biannual event dedicated to homeland security in the Middle East, will run for three days at the Doha Exhibition ......read more

Azadea Group wins big at the 2016 Middle East Retail Forum…

Zara, Virgin, Eataly and PAUL dominated the 6th edition of the of the renowned RetailME Awards in Dubai      Dubai, UAE, October 20, 2016:   Azadea Group, the premier lifestyle retail company that owns and operates more than 50 leading international franchise concepts across the Middle East and Africa, has announced winning 6 awards through its prominent brands at the ......read more

Milaha reports net profit of QR 759 million for the Nine Months Ended Sep 30, 2016…

October 20, 2016. Dubai, UAE- Qatar Navigation (Milaha) Q.P.S.C. recently announced its financial results for the nine months ended September 30, 2016.     Key financial highlights: •    Operating revenues of QR 1.99 billion for the nine months ended September 30, 2016, compared to QR 2.30 billion for the same period in 2015 •    Operating profit of QR ......read more

Doha Bank Achieves Sustainable Performance…

Dubai, UAE, October 20, 2016:  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 Q3 2016. The net profit for Q3 2016 is recorded at QAR 1,019 million despite the sharp decline in the oil prices and the challenges in the financial markets across various countries. The bank ......read more

Doha Bank is the first bank in Qatar to achieve accredited certification for ISO…

Doha, Qatar, October 17, 2016:  Doha Bank has become the first bank in Qatar to achieve the prestigious ISO 9001:2015 accreditation, the newly revised international standards for Quality management systems.  ISO 9001 is the world’s most widely recognized standard for quality management systems, and its latest revision was published on September 23, 2015. The standard helps ......read more

SOUQ.com hosts ‘SOUQ Engage 2016' to empower Sellers and SMEs to Grow Business Opportunities in MENA…

“Fulfilled by SOUQ” and “SOUQ Selling Center” especially designed to support Sellers to grow their businesses and provide exceptional shopping experiences to the customers      Dubai, UAE, October 12, 2016:   SOUQ.com, the largest online and marketplace platform in the Middle East hosted a highly engaging event to enable and empower sellers and ......read more

Financial Results For The Nine Months Ended 30 September 2016…

Dubai, UAE, October 10, 2016:  QNB Group, the largest bank in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2016. For the nine months ended 30 September 2016, Net Profit reached QAR9.7 billion (USD 2.7 billion), up by 11% compared to last year. Total assets reached QAR713 billion (USD196 billion), up by 37% from September 2015, the ......read more

Dhofar Global enters into partnership agreement with ffuussTM…

October 05, 2016 - Demonstrating its commitment towards the highest standards in quality, technology and hygiene, Dhofar Global, a leading supplier of hygiene care products in the Middle East, has signed a strategic partnership with ffuussTM, a hand dryer manufacturer and part of Spain-based OTS Group. The contract awards Dhofar Global the exclusive distributorship of ffuussTM air dryers in ......read more

Global leaders converge in Dubai next week for African investment conference…

Third Annual Investment Conference to be held 5-6 October  McKinsey & Co to present key findings from the new‘Lions on the move II’ report HE Sheikh Nahyan bin Mubarak Al Nahyan to attend as guest of honour Dubai, UAE, October 4, 2016:  Close to 400 business leaders and government representatives will meet in Dubai next week to discuss foreign investment ......read more

The 7th Arabia CSR Forum ropes in leading names in sustainability…

UAE, October 2, 2016 - The Arab Region’s most talked about CSR Forum will be happening on October 19, 2016 in Dubai. Taking place annually for the past six years, the forum has become known all over the Region and even beyond as a platform that promotes latest thinking and current philosophies around CSR and sustainability.  This year too, the forum will present fresh thinking and ......read more

Northwestern Research Finds Total MENA Ad Market at $5.5 Billion…

Doha, Qatar – September 19, 2016 -- The global advertising market is undergoing fundamental changes due to changing dynamics and the increased use of digital media. And a recent study by Northwestern University in Qatar (NU-Q) reports that that transition is also causing a slow expansion of ad revenue in the MENA region.  The study, Media Industries in the Middle East, 2016 , which ......read more

Doha Bank opens its new branch in Kochi…

Investors conference on “Kerala-Qatar Investment Opportunities“ held as part of the inauguration was attended by major investors from India and GCC Kerala and GCC can synergise their bilateral relationships for long term benefits, says Dr. R. Seetharaman, CEO, Doha Bank  Dubai, August 28, 2016:   Chief Minister Pinarayi Vijayan inaugurated the Kochi Branch of Doha ......read more

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