Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
QDB launches FinTech Pitching and Coaching day

With a view to empower FinTech Start-ups Doha, 13 December 2018 –   As part of its continuous efforts in supporting SMEs and Qatari entrepreneurs towards developing Qatar and building a knowledge-based economy with a strong focus on some of the key sectors, Qatar Development Bank (QDB) launched today the “FinTech Pitching and Coaching day”, as a new step towards achieving great strides in the FinTech sector and create a technology driven landscape for future generations.  The event, which took place at the Sheraton Hotel Doha, was attended by guests from Europe, East Asia, and the Middle East to offer their significant contribution towards a unified cause of leading a fintech economy. This event was a great opportunity for representatives from the banking and investment sector to explore the ......read more

Qatar Development Bank successfully hosts Al Furjan Markets Raffle Draw ceremony

Doha, 12 December 2018 -   The much-anticipated Al Furjan Markets Raffle Draw by Qatar Development Bank (QDB) came to a close on December 11, 2018 at Four Seasons where the lucky draw winners of the 45 retail stores were announced. For Phase I of Al Furjan markets project, QDB witnessed an overwhelming response by receiving 13,266 applications. The raffle draw ceremony was also an ode to the huge participation reflecting people’s keen interest in Al Furjan Markets project as well as informing people about the facilitation and improvements being made by QDB.  In order to ensure utmost integrity, fairness and adherence to the principle of equal opportunity, the draw was fully automated and was supervised by an international audit firm under the supervision of a committee composed of members from the Ministry of ......read more

Qatar Development Bank successfully hosts Al Furjan Markets Raffle Draw ceremony

Doha, 12 December 2018 -   The much-anticipated Al Furjan Markets Raffle Draw by Qatar Development Bank (QDB) came to a close on December 11, 2018 at Four Seasons where the lucky draw winners of the 45 retail stores were announced. For Phase I of Al Furjan markets project, QDB witnessed an overwhelming response by receiving 13,266 applications. The raffle draw ceremony was also an ode to the huge participation reflecting people’s keen interest in Al Furjan Markets project as well as informing people about the facilitation and improvements being made by QDB.  In order to ensure utmost integrity, fairness and adherence to the principle of equal opportunity, the draw was fully automated and was supervised by an international audit firm under the supervision of a committee composed of members from the Ministry of ......read more

QDB gets 13 thousand applications for electronic raffle draw for Phase I of Al Furjan markets project

Doha, Qatar, 04 December 2018 –  Qatar Development Bank (QDB), is pleased to announce the overwhelming response received by Phase I of Al Furjan markets project. The bank received 13,266 applications from the opening date on October 21 till the closing on November 19.  QDB will host a Raffle award ceremony on December 11, 2018 at Four Seasons, Doha and the event will specially be dedicated to a number of successful applications being received by QDB, reflecting people’s keen interest in Al Furjan Markets project and also inform people about the facilitation and improvements being made by QDB.  The raffle draw will be very transparent given the fact that it will be fully automated process and has been supervised by an international audit firm under the supervision of a committee composed of QDB ......read more

QIC Insured launches QIC Safe Driver App at the International Traffic Safety Conference

QIC Insured participates at the International Traffic Safety Conference & launches QIC Safe Driver App Doha,  Qatar, November 28, 2018:  QIC Insured, the retail arm of Qatar Insurance, the leading insurer in the MENA region participated in the International Traffic Safety Conference, which was attended by traffic safety experts, a number of Excellences, Ministers, officials, dignitaries, researchers, specialists in transport and traffic safety and many governmental entities.  The highbrow conference, which addressed a number of topics, related to traffic safety, driving behavior, transport safety and security etc. also served as a launch pad for QIC Insured’s latest offering, namely, the QIC Safe Driver App. Working relentlessly towards its Corporate Social Responsibility (CSR) mission for safer roads in ......read more

Qatar Finance & Business Academy (QFBA) announces the launch of its new professional development and training program “The Powerful Leader”

Building leadership skill sets among finance professionals DOHA, Qatar –25 November  2018 -   Qatar Finance and Business Academy (QFBA), in its quest to bring newer paradigms for the Qatari executive leadership, is pleased to announce its latest exclusive product, “Powerful Leaders”, an executive coaching proposal for the thought leaders of the nation, aimed at optimizing business management capabilities.  This initiative is driven by QFBA in partnership with “executive training solutions”, entwined with the principle that every business leader has an independent vision and with little guidance, excellence can be achieved for ideal business results and growth. Drawing from its pool of learning professionals and expert practitioners from around the region and the world, custom ......read more

INJAZ Al-Arab Gears-up for the 12th Annual Young Arab Entrepreneurs Competition to be held in Kuwait

Held Under the Patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah 25 November 2018:   INJAZ Al-Arab – member of Junior Achievement Worldwide – is hosting their 12th Annual Young Arab Entrepreneurs Competition in Kuwait between November 26 and 29, 2018. The competition will see 80 students from 11 countries across MENA compete over 12 award categories before their peers and a panel of high-profile judges.    Held under the patronage of His Highness the Amir of the State of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah, the event will welcome over 180 attendees from INJAZ teams, volunteers and chaperons. The competition will conclude with a glittering award ceremony to be held on November 28, welcoming over 400 guests, including high-school and university ......read more

al khaliji hosts Qatar University students for an intriguing session on “Risk Management”

Doha, November 24, 2018 –   Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in its quest to expand the horizons of Qatar’s next generation, recently hosted an informative session on “Risk Management” for the students of Qatar University.  The session offered insights into the nuances of managing financial risks and mitigating potential losses. The session comes as part of the bank’s efforts to provide comprehensive information to students and prepare them to manage risk in organizations. The session was hosted by Mr. Oliver Schwarzhaupt, Group Chief Risk Officer, al khaliji Bank, who discussed in detail the importance of risk management and offered ways to deal with financial crises. “Human capital has been given utmost importance in Qatar ......read more

Heading: QIC ranked as Top Investment House from MENA region

Doha, Qatar, November 20, 2018:    Qatar Insurance, the leading insurer in the Middle East and North Africa region has been recognized as the “Top Investment House” during a survey conducted by The Asset magazine in collaboration with Benchmark Research. The survey ranked top investment houses in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) based on the number of votes won by their investors.   More than 290 different institutions including asset managers, hedge funds, private banks, banks and insurance companies/sovereign wealth funds were evaluated and shortlisted during the survey. The ranking methodology used for the survey was based on the number of votes received from top-rated analysts, economists and strategists, sales  teams and traders in these institutions. In ......read more

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

Doha, Qatar – November 19, 2018 –   Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.  As the draw results showed, Hassan Mohamed Darwish and Arshad Karim each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to the following bank clients:  Prisciliano Padua Villaviza, Bashaer Khalid Al-Arfaj, Khalid Rahman Jaffar, Aisha Ali Abu Alshwarib, Faisal Ali Al-Anssari, Ibraheim Mahmoud, Fatima Mahmoud Al-Mahmoud, Nasser Emair Al-Naemi, Mubaraka Salem Al-Wasmi, Sajid Atique , Mohammed Abdulla Al-Kuwari, Nabseel Cadirikanakka Pillandagath, Abdulla Mohammed ......read more

Qatar Finance and Business Academy successfully completes “Coffee with CEOs” series

Aimed to inspire youngsters DOHA, Qatar – 15 November 2018 -   Qatar Finance and Business Academy (QFBA), as part of its corporate connect endeavor, takes pleasure in announcing that it has successfully completed “Coffee with CEOs” series, for the 2018 Cohort of its quality qatarization program, Kawader.  The event series was intended to engage leadership figures in the financial services sector in Qatar with young motivated Qataris who are currently working in the financial sector or aiming to do so in a casual setting where the CEOs share professional insights and industry wisdom. The Kawader program was kicked off on September 2 and will be continued till November end. Through this series, the undeterred efforts of QFBA paid off well towards shaping the future of new age finance ......read more

QDB honors top 50 SMEs at the SME Excellence List 2018

Doha, Qatar, November 15, 2018:  In its strides to continuously keep motivating the efforts made by SMEs in the growth of the national economy, Qatar Development Bank (QDB), in collaboration with Qatar Chamber and Qatar Exchange, honored top 50 SMEs at a glittering ceremony held at St. Regis hotel on November 14, 2018.  During the second edition of the SME Excellence List 2018, the awards were presented to these deserving SMEs under the patronage of H.E Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al Thani, in the presence of H.E. Sheikh Abdullah bin Saud al-Thani, Governor of Qatar Central Bank (QCB) and Chairman of Qatar Development Bank (QDB); Mr. Saleh bin Hamad Al Sharqi, Qatar Chamber Director-General; and Mr. Rashid Bin Ali Al Mansoori, CEO of Qatar Stock Exchange, along with other ......read more

MEEZA joins Qatar Central Bank to host the 5th Information Security Conference for the Financial Sector

Doha, November 15, 2018 –   MEEZA, Qatar’s prominent end-to-end Managed IT Services & Solutions Provider, will be one of the essential sponsors for the Qatar Central Bank annual event– 5thConference of Information Security in the Financial Sector. The event will be held on November 18-19, 2018 at the Sheraton Grand Doha Resort & Convention Hotel, under the patronage of HE the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa Al Thani. MEEZA CEO, Eng, Ahmad Mohamed AL Kuwari will be delivering a key presentation on Cyber Security Threats to industry stakeholders. The conference threw light on information security, the challenges it faces and infrastructure improvements. Stability of our financial system is the fundamental pillar that Qatar Central Bank and other ......read more

QIC Group renews membership with The Abdulla Bin Hamad Al-Attiyah (ABHA) International Foundation

Doha, 13 November, 2018:  Qatar Insurance Group (QIC), Qatar’s flagship insurer, and the leading insurer in the MENA region, has renewed its annual membership with The Abdulla Bin Hamad Al-Attiyah International Foundation for Energy & Sustainable Development (Al-Attiyah Foundation), the only independent think tank focused on Energy and Sustainable Development in Qatar. The signing ceremony, which took place at the QIC Headquarters in Doha, was attended by Mr. Ali Saleh Al Fadala, Senior Deputy Group President & CEO of QIC Group, Mr. Abdulla Al Mulla, Group Chief Administrative Officer of QIC Group, Mr. Hamad Rashid Al-Mohannadi, Member of the Board of Trustees, Al-Attiyah Foundation, and Mr. Reda I Ali, Managing Director, Al-Attiyah Foundation. Senior Deputy Group President & CEO of QIC Group, Mr. Ali ......read more

QDB makes major announcements during the ongoing Qatar Entrepreneurship Conference “ROWOD Qatar 2018”

Doha, Qatar, 13 November 2018:   The ongoing Qatar Entrepreneurship Conference “ROWOD Qatar 2018”, which is taking place during the Global Entrepreneurship Week, is witnessing greater traction from Qatari companies with an aim to expand their horizons and offer sustainable growth paradigms to Qatari youths and SMEs. In this regard, Qatar Development Bank organized today two press conferences held at Doha Exhibition and Convention Center (DECC), announcing the launch of SME definition in collaboration with the Ministry of Commerce and Industry as well as became the frontrunner in launching the first ever SportsTech accelerator for the MEA region. Both initiatives will mark a new era of growth for Qatari companies and will tremendously aid in achieving Qatar National Vision 2030. The SportsTech Accelerator ......read more

QDB kicks off Qatar Entrepreneurship Conference “ROWOD Qatar 2018”

As part of its continuous support to empower talented Qatari Youth, and under the patronage of His Excellency the Prime Minister and Minister of the Interior HE Ali Bin Ahmed Al-Kuwari, Minister of Commerce and Industry inaugurates Qatar Entrepreneurship Conference “ROWOD Qatar 2018” Abdulaziz bin Nasser Al Khalifa: We will continue supporting entrepreneurship to secure a significant international role for Qatar in this field IMB invests more than QR 100 million in Qatar in an innovative technology that will be used for the first time in the Middle East and North Africa Signing ceremony to launch Qatar SportsTech accelerator Doha, 12 November 2018 -   Qatar Development Bank (QDB), in keeping up with its strides to offer growth paradigms to new age entrepreneurs, launched today the Qatar ......read more

Lysys group of companies continues to demonstrate strong commitment to the Qatari market with its participation at Milipol Qatar

Qatar, November 08, 2018:  Lysys group of companies continues to demonstrate strong commitment to the Qatari market with its participation at Milipol Qatar, the international event for homeland security and civil defense in the Middle East.  During Milipol Qatar, Lysys Group was represented by Lysys Qatar WLL and Encode.   Lysys Qatar (www.lysys.com) is a technology company with expertise and a successful track record in systems integration for security and ICT systems for critical infrastructure as well as industrial automation, professional and enterprise communication systems.  Lysys is operating in Qatar since 2011. It maintains in Doha a large team of experts, system integration engineers, software developers and an experienced program management team. Throughout its operation, Lysys has managed to establish ......read more

Executives Across Region Cautiously Optimistic Despite Rollercoaster Year

OBG Business Barometer: Gulf highlights growing role of private sector  Dubai, November 06 2018:   Executives interviewed for the 2018 edition of the Business Barometer: Gulf CEO Survey carried out by Oxford Business Group (OBG) were largely upbeat in their outlook for the coming 12 months, buoyed by higher and more stable oil prices, although regional political volatility remained a cause of concern for many. As part of its survey on the economy, the global research and consultancy firm asked almost 900 C-suite executives from across the Gulf’s industries a wide-ranging series of questions on a face-to-face basis aimed at gauging business sentiment.  The survey was launched on November 6, 2018, at Nasdaq Dubai, with the results now available to view in full on OBG’s Editors’ Blog at: ......read more

QIC Insured, official insurer of Qatar Motor Show gathered huge response

Doha, Qatar, November 05, 2018:  QIC Insured, the personal insurance division of QIC and the official insurer of the Qatar Motor Show (QMS) attracted more than 10,000 visitors during the event. Held under the theme “Driving to Innovation”, the motor show also served as the launchpad for the all new QIC Orange – a scheme offering a no frills, low cost comprehensive car insurance in Qatar.  Audiences of every age group gathered to meet, greet and take selfies with QIC Insured’s lucky mascot “Eddie the camel”, which was one of the highlights of the QMS. In addition, approximately 3,000 QIC Orange branded stress balls were handed out to the visitors during the show. Available exclusively through the online portal, qic-insured.com, the newly designed QIC Orange scheme offers customers low ......read more

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 sports innovation.  The initiative aims to attract the worlds’ most promising Sports technology startups, to further boost the sports industry and contribute towards the accelerated growth shaping up in the Qatar sports business. The accelerator is now open to startups globally, and the first program will commence in February 2019. Startups can start applying on www.qatarsportstech.com, till December 2018. QDB has always been a ......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 ribbon coupled with awareness presentation by the medical team to educate female staff about the risk factors, FAQs, its prevention and early screening methods that can save lives. Qatar Insurance Group is very proud to support such awareness initiatives for the well-being of the community. It demonstrates our Human Resources department’s ongoing commitment to raise awareness for the wellbeing of our community, and shows our support for ......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 the achievements of Massoun over the years and detailed its future plans with Commercial Bank to further enhance its suite of insurance products and improve the client experience for its corporate customers.   Held at the Commercial Bank Plaza building, the workshop served as an excellent platform for exchanging views and enhancing teamwork.  Addressing the audience, Ms. Ruba Hasan, General Manager of Massoun, said: “We ......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 Middle East North African (MENA) region yesterday announced its financial results for the first nine months ended September 30, 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 of the Board of Directors, the Board approved the financial results.   The MENA markets continued to produce stable premiums with underwriting ......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 Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the third quarter of 2018, reporting a Net Profit of QAR 469 million. This improved net profit was a result of effectively managing margins, controlling costs and a reduction in impairments.   His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:   “al khaliji has delivered consistent growth in profitability, ......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 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

Other Top Stories from Banking and Investments
 
Barwa Bank announces the October draw winners of its Thara'a savings account prize…

Doha, Qatar – 15th October 2017:  Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the October draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.  As the draw results showed, Sheikh Ahmad Nooh Al-Thani and Ms. Seham Balawni each won a cash prize of QR ......read more

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

Doha, Qatar – 13 September 2017:  Barwa Bank, Qatar's the most recent Shari’ah compliant banking service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.  As the draw results showed, Mr. Hassan Ahmed A M AL-Mutawa, Mr. Nasser Mohd N AL-Tamimi, Mr. ......read more

QFBA launches Kawader program for the fifth year in a row…

DOHA, Qatar – 12 September 2017:  In light of its ongoing successes, Qatar Finance and Business Academy (QFBA), in cooperation with the Qatar Financial Centre (QFC) Authority  and the country’s banking sector, is launching the new academic term of its Kawader program for the fifth consecutive year, which kicked off on September 10 and will conclude on December 14, ......read more

Credit FAQ Discusses Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns…

LONDON (S&P Global Ratings) Aug. 9, 2017:  In a Credit FAQ titled "Potential Implications Of Qatar Boycott For Gulf Cooperation Council Sovereigns," published today, S&P Global Ratings responds to questions that have surfaced in recent discussions with issuers and investors about the implications of the Qatar boycott by a group of states for the Gulf Cooperation Council ......read more

TFI Acquisition of Income Yeilding Asset in Germany…

8 August 2017 – Qatar, Doha -  The First Investor (“TFI”), a subsidiary of Barwa Bank Group and the leading Qatari closed shareholding investment banking firm, recently announced the completion of the acquisition of a prime Stuttgart office property via its TFI Europe Income Fund (“The Fund”).  Located in Stuttgart and leased to one of the leading German ......read more

al khaliji launches its new Personal Loan for Qataris as part of the Bank's Summer Campaign…

Doha, August 05, 2017:  Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, is offering qualified employees the chance to spend an unforgettable summer and enjoy a worry-free shopping season with the launch of its new Personal Loan for Qataris, as part of the Bank’s Summer Campaign. The new offer, valid until 30 September 2017, provides registered ......read more

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

In a short span of one year May 30, 2017 – Doha, Qatar:  In light of its exceptional growth and outstanding performance throughout the past year, Seib Insurance and Reinsurance Company LLC (Seib) S&P Rating has revised its outlook of Seib to positive from stable and affirmed its BBB counterparty credit and insurer financial strength ratings and is also affirming its gcAA Gulf ......read more

Doha Bank Won the “Best Bank Governance – Qatar 2017”…

Dubai, May 23, 2017:  Doha Bank won the “Best Bank Governance – Qatar 2017” at Capital Finance International (CFI) co Awards 2017 in Second week of May 2017 at London.  In recognition of the award, Dr. R. Seetharaman Doha Bank CEO said “The Best Bank Governance award is a recognition for Doha Bank Board for its active involvement in promoting excellence in ......read more

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

Doha, Qatar – 22 May 2017:  Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has received the award of ‘Leading Bank in Islamic Services and Products in Qatar’ at the ‘The Arab Banks Awards & Commendations of Excellence 2017’, which was organized by the World Union for Arab Bankers (WUAB) on May 12th in Beirut.  The ......read more

Doha Bank Wins “Best Regional Commercial Bank” at Banker Awards 2017…

Dubai, May 14, 2017:  Doha Bank has been named the 'Best Regional Commercial Bank' for the fifth time in a row at the Banker Middle East Industry Awards 2017. The awards were presented in Dubai on 11th May 2017 at Emirates Tower Hotel, Dubai. Dr R Seetharaman, Group CEO of Doha Bank, received the award on behalf of Doha Bank and said “To be recognised as the foremost ......read more

Doha Bank Exchange Traded Fund (ETF) in final phase…

Dubai, May 10, 2017:  Qatar Exchange and HSBC organized the Annual Investment Forum 2017 on 8-9 May 2017 at New York Palace Hotel.  Mr. Rashid Ali Al-Mansoori, Qatar Exchange CEO   said, “Qatar exchange aims to provide more products this year to encourage investments from global investors. The Exchange traded fund (ETF) is part of this initiative of Qatar Exchange. This would ......read more

Siemens wins EUR790 million substation contract in Qatar…

Biggest-ever contract for Siemens in Qatar Contract for 35 substations received from KAHRAMAA    Project supports country’s ambitions for a reliable power transmission network  Dubai, UAE, May 8, 2017:  State-owned utility Qatar General Water & Electricity Corporation (KAHRAMAA) has awarded Siemens the largest contract to-date in Qatar for the expansion ......read more

QNB Group inaugurates its Riyadh branch in Saudi Arabia…

QNB Group CEO: Entry into the Saudi market is due to QNB’s competitive edge Riyadh, 6th May 2017:  QNB Group, the largest financial institution in the Middle East and Africa, has inaugurated its branch in Riyadh, Kingdom of Saudi Arabia (KSA). Senior bank officials and distinguished representatives from the banking and business sectors attended an inauguration ceremony held under ......read more

Barwa Bank launches a new credit card in partnership with Qatar Charity…

Doha, Qatar – 03 May 2017 – In the framework of giving back to the community in which it operates, Barwa Bank, Qatar’s most progressive Shari’ah-compliant service provider, has launched the country’s first ever credit card that cares for the society, in partnership with Qatar Charity, during a press conference that was held on May 3rd at Sharq Hotel in presence of ......read more

Forbes Middle East honours Al Meera for its contribution in developing Qatar's economy…

Doha, Qatar – May 03, 2017 – Forbes Middle East, in partnership with the Minsitry of Economy and Commerce, recognized Qatar’s top 40 listed companies in a ceremony titled ‘Celebrating Qatar’s Success’, held recently at St. Regis Doha. During the ceremony, Al Meera Consumer Goods Company (Q.S.C), received an accodlade from Forbes Middle East in recognition of ......read more

al khaliji wins ‘Al Dhameen Best Partner Bank Award' for 2017…

Doha, May 03, 2017 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its relentless support to local entrepreneurs and Small and Medium Enterprises (SMEs) in the country, has won “Al Dhameen Best Partner Bank Award” for 2017 by Qatar Development bank (QDB).  al khaliji claimed the coveted title following its ......read more

QIC Group reports 15% growth in GWP to QAR 3 billion in Q1 2017…

Doha, 26 April 2017:  Qatar Insurance, Qatar’s leading insurer in Qatar and the Middle East North African region has made a good start to the year by chalking up robust financial results for the first quarter of 2017.  The Board of Directors approved the consolidated financial results at the board meeting that was held recently. On the back of solid expansion across its ......read more

Milaha Reports Net Profit of QR 236 Million for Q1 2017…

April 25, 2017. Dubai, UAE- Qatar Navigation (Milaha) Q.P.S.C. announced its financial results for the three months ended March 31, 2017.   Key financial highlights: •    Operating revenues of QR 648 million for the three months ended March 31, 2017, compared to QR 767 million for the same period in 2016 •    Operating profit of QR 185 million for the three ......read more

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

Dubai, April 24, 2017: Continuing its efforts to spread the message of environmental protection and sustainable living, Doha Bank joined hands with Qatar’s Ministry of Municipality and Environment (MME) and the Al Wakra Municipality to host a ‘Beach Clean-up’ event at Al Wakra Beach, under the theme ‘Save The Beaches For The Future’ to show its commitment to the ......read more

Doha Bank achieves 2.9% profit growth with impressive ratios…

Dubai, April 19, 2017: His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, announced Doha Bank's financial results for the first quarter of 2017. Net profit for the first quarter of 2017 recorded an impressive QAR 364 million as compared to QAR 354 million for the same period in 2016 showing an increase of 2.9%. H.E. Sheikh Fahad said ......read more

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

Doha, Qatar – 16 April 2017 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of their most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As such, Mr. Ali Laith Rasheed and Mr. Morad Mohamed Tonsi Mohamed Ragab each won a cash prize of QR ......read more

QIC Insured is the official insurance partner of the Qatar Motor Show 2017…

QIC Insured launches “Pay your full car insurance in easy installments” at the Qatar Motor Show Doha, 18 April, 2017: QIC Insured, the personal insurance division of QIC- Qatar’s leading insurer is the official insurance partner for this year’s Qatar Motor Show which starts from April 18 at the Doha Exhibition and Convention Centre (DECC). At the motor show, QIC Insured ......read more

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

Doha, Qatar - April 15, 2017 – The 34th International Finals for the Global Management Challenge (GMC) competition has recently concluded in Doha, which was hosted by the Qatar Finance and Business Academy (QFBA), in cooperation with ADNAR Group, in the period from 10 to 12 April 2017. The final results of the GMC competition showed the National Team of Macau taking the lead, which scored ......read more

Doha Bank Re-ignites Qatar's Property Market with New Loan Offer at 3.99% with 12 Months Payment ...…

Dubai, April 13, 2017 – Doha Bank announced the launch of its new retail home loan offer which now features an interest rate of 3.99% for the first year. What makes this offer so irresistible is also the 12 months payment holiday offered to customers with a an option to get up to QAR 20,000 to offset the early settlement fees whenever you are transferring your home loan from another bank to ......read more

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

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