Qatar- July 17, 2019: As part of its ongoing efforts to empower its staff with the right mix of technical know-how, business acumen and capabilities, Qatar Insurance Group, the leading insurer in the MENA region recently conducted an in-house introductory training program on Risk Management & Insurance.
With the support from its Senior Management, QIC Group consistently endeavors to fulfill its objective of facilitating knowledge sharing & enhancement by conducting in-house training programs that are considered pivotal for the development of its human capital.
The in-house training programs are an integral part of the QIC Learning Academy, which was established last year. It focuses on providing comprehensive development programs in the form of formal and informal learning modules, mentoring and work-based experiences ......read more
Aimed to raise awareness of entrepreneurship among students from 16 to 24 years
Doha, Qatar – 16th July 2019: Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, successfully concluded the inaugural episode of the 2019 edition of its annual Summer Camp. The camp took place from 30 June till 11 July 2019, witnessed participation of a large number of students in age group of 16 to 24 years old. Meanwhile, preparations are also underway for participants for the second episode of the 2019 edition of the summer camp, scheduled to be held from 14 July to 25 July 2019.
The Summer Camp included visits to successful projects owned by local entrepreneurs where students had the opportunity to work temporally and explore ......read more
Doha- Qatar, 8 July 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announced that its Board of Directors will meet on 23/07/2019 to approve the financial results ending on 30/06/2019.
Doha 08 July, 2019: In preparation for the holiday season, QIC Insured, the retail arm of Qatar Insurance, the leading insurer in the MENA region highlights the importance of purchasing travel & home contents insurance.
TravelCare from QIC Insured offers various travel insurance plans namely, Regional, Fly Europe, Worldwide excluding USA, and Canada. It covers expenses for travel-related inconveniences and unexpected travel incidents such as missed flights, flight cancellations etc. ensuring hassle-free travels.
In addition to travel insurance, securing a Home Contents Insurance ensures complete peace of mind especially when holiday-goers are away for a long period of time. The Home Contents Insurance covers for damage to personal belongings caused by accidental fire outbreak, sudden leakage of water from pipes ......read more
Doha, Qatar - 06 July 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, is intended to become home to Huawei’s Smart Experience Centre in Qatar.
The announcement was made earlier during a Signing Ceremony between Msheireb Properties, the developer of Msheireb Downtown Doha (MDD), and Huawei who is a leading global provider of information and communications technology (ICT) infrastructure and smart devices.
This agreement aligns with the vision set for Msheireb Downtown Doha to be a city of firsts, constantly bringing into the country the latest and smartest technology solutions. For Huawei, this cooperation with the national real estate developer will help the company in ......read more
Doha, 02 July, 2019: Qatar Insurance, the largest insurer in the MENA region has been conferred the “Best Digital Transformation in Insurance Award” at the inaugural edition of the Enterprise Transformation Summit that was recently held in Doha at the Doha Marriot Hotel. The summit recognised enterprises that demonstrated massive shift in operations as a result of embracing digital transformation.
QIC Group was awarded for its advanced digital capabilities, implementing best-in-class digital technologies in the Retail and Medical Insurance space, thus creating a highly sophisticated and interactive digitized platform for its full suite of online insurance products and services. Not only did this lead to enhanced customer engagement, but it also facilitated increasing overall responsiveness, efficiency and ......read more
Doha, Qatar, 29 June 2019: Msheireb Properties, the national real estate developer and subsidiary of Qatar Foundation, announced earlier the launch of two books developed in partnership with international researchers, architects, and urban planners, who partook in the restoration and building process of Msheireb Downtown Doha and Msheireb Museums.
The book launch took place in two special ceremonies, last week, in London, and were attended by HE the Ambassador of Qatar to UK, Mr Yousef Al Khater, VIPs, industry key players, international stakeholders, and international media.
The first book, ‘Msheireb Museums: Transforming Doha’s Heritage Houses’, showcases Msheireb Museums, which form a historical restoration of four traditional heritage houses in the heart of Msheireb Downtown Doha, the ......read more
Doha, Qatar, 27 June 2019: Under the umbrella of its initiatives into the country’s national ambitions, al khaliji bank, Qatar’s next-generation bank, has sponsored the “Majd Qatar” (“Qatar Glory”) nationwide campaign and third book edition. Under the theme “Wise Vision”, the campaign was initiated and launched by Qatar’s Tawasol Center at the Museum of Islamic Art, with the attendance of several dignitaries, officials and media representatives from TV, radio and print outlets.
The campaign’s inauguration event coincided with the sixth anniversary of His Highness Sheikh Tamim Bin Hamad Al Thani's accession to power. The book, Majd Qatar, highlights and documents the Qatari renaissance achievements and milestones over the past two years of blockade on the ......read more
Doha, Qatar – 18 June 2019: Barwa Bank, Qatar's most innovative Shariah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Daleen Alkhatib and Abdul Rahim Mohamed 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: Osama Elattar, Samir Elmokadem, Shaikha Al-Mass, Rami Alzain, Ahmad Ghanem, Abdulrahman Alyafei, Rawdha Al-Abdulla, Azlan Osman, Abubaker Mohamed Kutty, Ahmed Mohammed, Racquel Ramos, Mercy Marquez, Noor Alkeilani, Kamarunnisa Faizal, Khalid Al-Ghanim, Lamiaa Allak, Ahmad Khan, Saad Al-Kaabi, Nouf Al-Sada, Khalid Al-Thani, Aize Al-Qahtani, Noora Almaraghi, Khadija ......read more
Qatar - 09 June 2019: Mirroring a trend seen across the Gulf, two lenders in Qatar announced the country’s first bank merger in a move officials say will support economic growth and the development of the financial and private sectors.
On April 21 Barwa Bank and the International Bank of Qatar (IBQ) signalled the finalisation of negotiations and clearance of regulatory requirements necessary to consolidate operations. The merged entity, which will operate as Barwa Bank, will have total assets of more than QR80bn ($22bn) and a shareholder equity base of over QR12bn ($3.3bn).
Notably, the merger resulted in the consolidation of an Islamic bank – Barwa Bank – with conventional IBQ, with the new institution offering sharia-compliant services.
The tie-up is a significant step forward for Qatar’s ......read more
Doha, 28 May, 2019: As part of its Corporate Social Responsibility (CSR) programme, volunteers from Qatar Insurance – the leading insurer in the MENA region distributed 500 Iftar meals to general public during the holy month of Ramadan.
Ahead of dusk and before Maghrib prayers, volunteers from QIC patrolled and distributed a total of 500 Iftar meals in phases at different locations. On the first day, Iftar meals were handed out at the traffic junction near Souq Waqif. On the second day, the Iftar meals were distributed at Doha Sports Stadium. Each Iftar meal was handed out to public along with a small bottle of water.
Speaking about this noble initiative, Mr. Ahmed Al Jarboey, Senior Vice President MENA Retail & Motor of QIC Insured stated, “We are delighted to be a part of this community-focused ......read more
Doha, Qatar – 22 May 2019: Barwa Bank, Qatar's most innovative Shariah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Almayasa Mohamad Al-Anqar and Noora Ebrahim Al-Abdulghani 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:
Morad Onaceur , Abdulrahman Ali Al-Yafei, Faisal Ali Al-Anssari, Musab Ahmed Ahmed, Mohammadali Abrahim Sayedali, Sana Al-Rashed, Joyce Maria Dsouza, Melvin Nitura, Azeez Mohammed Mohammed, Reem Eisa Al-Kawari, Nouraldain Abualrub, Mohamed Ali Saheb, Ahmed Yasin Yacoub, Mohd Alawi Al-Yafei, Faisal Ali Al-Anssari, Nelo Mandayo Ferry, Jasir ......read more
Doha, Qatar, May 18 2019: Marking a year of milestone partnerships and developments for its business, Qatar Post held its annual Suhoor gathering for its employees, in celebration of the Holy Month of Ramadan, and of a record 2018 performance for the group. The celebration took place on May 17, at the Ramadan tent in Kempinski Marsa Malaz Hotel.
In attendance were Qatar Post’s staff and senior leadership executives, among whom Mr. Faleh Mohammad Al-Naemi, Qatar Post chairman and managing director, shared with attendees the group’s successes in 2018, as well as a glimpse of future plans and strategic areas of focus.
“The overwhelming state support Qatar Post has received in the past year, incentivizing both governmental institutions and bodies to use our services at scale, was our ......read more
Doha, May 01, 2019: QIC Insured, the personal insurance division of Qatar Insurance, the leading insurer in the MENA region has launched the all new “Pay your car insurance in 12 easy installments” Applicable exclusive on purchase of full car insurance, now customers pay for their insurance in 12 easy installments at zero interest.
To take advantage of this new offer, customers can simply visit any branch of QIC Insured or simply log on to qic-insured.com and select the ‘Installments’ option in the payment page. Upon receipt of the first installment, customers will receive a payment acknowledgement and the comprehensive insurance policy will be emailed to the registered email address along with the scheduled dates for the remaining installments.
Commenting on the launch of this new payment scheme ......read more
Doha- 29 April, 2019 – 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 the first batch of phase 2 of Al Furjan markets raffle draw to award retail space, starting May 01, 2019. The registration process for the first batch of Al Furjan Markets, which is located in Muaither South, Al Khor, Umm Al Qarn, Al Kharaitiyat 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.
An integrated electronic system has been developed to allow applicants to apply for the the first batch of phase 2 of Al Furjan markets through Al Furjan mobile application, ......read more
Net profit of QAR 176 million, up 4% year on year
Operating income of QAR 289 million, reflects growth in fee income of 5% on Q1, 2018
Operating expenses are 5% lower compared to the same period last year
Significantly reduced impairments charges, down 51% year on year
The Capital Adequacy ratio at quarter-end stood at a healthy 18.4%
Doha, April 29, 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the quarter ended 31 March 2019 today with a Net Profit of QAR 176 million for the quarter. This represents an increase of 4% over its financial results for the same period of last year.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:
"We began the year on a solid footing, ......read more
Gross written premiums at Q1 2019 stands at QAR 3.5 billion
Doha, 29 April 2019: Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region reports a net profit of QAR 272 million for the first quarter of 2019. The MENA markets continued to produce stable premiums with underwriting profitability, weathering geopolitical headwinds in the region. QIC’s international operations grew in select low-volatility segments and now account for 76% of its total portfolio.
In Q1 2019 QIC adopted a more restrictive and selective approach to new business generation, reflecting the company’s continued focus on de-risking its book and placing more emphasis on low-volatility segments. Gross written premiums (GWP) remained stable at QAR 3.5 billion.
The Group’s ......read more
Under the patronage of His Highness the Emir of “ROWAD Award 2019”
Doha, Qatar, April 28, 2019: Under the patronage of His Highness the Emir Sheikh Tamim bin Hamad al-Thani, Qatar Development Bank (QDB) is pleased to announce the opening of registration for the second edition of Qatar Entrepreneurship award “ROWAD Award 2019”. This prestigious sponsorship is a testament to the leadership's keen interest in building the country's entrepreneurship ecosystem towards achieving economic diversification for sustainable development, in line with the Qatar National Vision 2030. Besides, Qatar topped the global entrepreneurship environment, according to the Global Entrepreneurship Monitor (GEM) report featuring 56 countries, which also confirms the leadership’s keenness in promoting ......read more
Doha, Qatar - 23 April, 2019: QIC Insured, the retail arm of Qatar Insurance Group, the flagship insurer of the MENA region recently sponsored the Hamad Medical Corporation (HMC) Football Championship.
As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, the company’s role as a platinum sponsor highlighted its unilateral focus on being a responsible corporate citizen and demonstrated its full support to all sports activities and initiatives.
In view of the partnership, QIC Insured has provided special offers on car insurance, travel, home, personal accident benefit insurance & Anaya for HMC employees and their families.
Commenting on the strategic partnership, Mr. Abdulla Y. Al Mulla, Group Chief Administrative Officer of QIC ......read more
Combined entity’s total assets are valued at more than QAR 80 billion
Operational integration to be completed by Q4:2019
The first merger between banks in Qatar’s history
The combined entity to operate under the “Barwa Bank” name
Doha, Qatar, 22 April 2019 – Barwa Bank has announced the official completion of its legal merger with International Bank of Qatar (ibq). The merger, which brings two of Qatar’s leading and most dynamic financial players under one roof, will establish a powerhouse Shariah compliant financial institution in both local and regional markets, backed by robust liquidity and solvency levels.
Under the first banks merger in Qatar’s history, this solid financial position will enable Barwa Bank Group to significantly contribute to ......read more
Doha, Qatar, 21 April 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, is pleased to announce that it has won two prestigious awards- ‘Best Corporate Bank – Qatar’ and ‘Best Financial Inclusion Program – MENA’ at the recently held the European Magazine Awards.
The European Magazine, over the last several years, has been celebrating achievement, innovation and excellence through its annual awards program. It offers corporate organizations an insight into various achievements within a range of organizations. These recognitions add to the achievement of al khaliji bank in Qatar.
On receiving the awards, Acting Group Chief Business Officer, Mr. Omar Al-Emadi said:
“It is an outstanding achievement for us and on behalf of the entire ......read more
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.
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
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
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
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
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
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
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
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 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
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
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
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 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
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
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
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
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 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
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
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
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
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
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
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
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
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
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
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
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
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