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Featured in Banking and Investments
Al Khaliji Bank wins big at the European Magazine Awards

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

Heading: QIC Group honors its employees with long service awards

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

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

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 to Open the First Digital Branch in Qatar in Msheireb Downtown Doha

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

al khaliji announces the date of its Board of Directors meeting

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.  

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QDB kicks off the 4th edition of the Government Procurement and Contracting Conference & Exhibition ‘MOUSHTARAYAT 2019'

With the aim to provide SMEs access to large procurement governmental projects Doha, Qatar, April 01, 2019:   As part of its ongoing efforts to provide a poised platform to grow for Qatari Small and Medium-sized Enterprises (SMEs), Qatar Development Bank (QDB) flagged off the 4th edition of Government Procurement and Contracting Conference & Exhibition ‘MOUSHTARAYAT 2019’ yesterday, Under the patronage of HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior. The 4th edition of MOUSHTARAYAT’ was inaugurated by HE Sheikh Mohammed bin Hamad Al Thani, Deputy Governor of Qatar Central Bank and Vice Chairman of QDB, which is scheduled to take place for three days between March 31 and April 2 at Doha Exhibition & Convention Center, and hosted in collaboration with ......read more

Qatar Development Bank successfully completes the 4th edition of Bank's Retirees Entrepreneurship Program “Khutwa”

Doha, Qatar, March 20, 2019:   In keeping up its momentum of providing immense opportunities to Qatari entrepreneurs, Qatar Development Bank (QDB) successfully hosted the 4th edition of its Retirees Entrepreneurship Program ‘Khutwa’, which was organized in collaboration with the General Retirement and Social Insurance Authority. The event was held on the 14th of March, at Bin Jelmood House at Msheireb Downtown Doha. The program paved the way for retiree entrepreneurs to present their ideas and integrated business plans for their projects that serve the diversity of the national economy and opens up new business horizons. In its current edition, Khutwa program is evidently the culmination of success of its previous editions, as it has been able to achieve its goals and objectives to promote new projects and ......read more

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

Doha, Qatar,  March 19, 2019:   Barwa Bank, Qatar's most innovative Shari’ah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.  As the draw results showed, Dana Yousef Al-Horr and Alanoud Mohammed Al-Enazi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to the following bank clients: Suhail Al-Mazroey, Sheikh Fahad Jassim Al-Thani, Ibrahim Abdalmuty Mohammad, Asmaa Mohamed Al-Suwaidi, Randa Shaher Al-Saadi, Muneera Saif Al-Kubaisi, Fahad Assadi, Ali Abdulrahman Al-Yafei, Samira Bihi Mohamed, Abdulrazzaq Ahmed Al-Meraikhi, Mahmoud  Al-Maghribi, Abdulrahman Ali Al-Yafei, Yousef Mohammed Al-Sulaiti, Almayasa ......read more

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

Doha, Qatar, March 19, 2019:  Collaborating with Qatar’s largest and flagship medical trade event, SEIB Insurance and Reinsurance has announced its Silver sponsorship of the second edition of QMED 2019 (Qatar International Medical Devices & Healthcare Exhibition and Conference). Held at the QNCC (Qatar National Convention Center) over a 5,000 square-meter space, the exhibition will take place between March 25 and March 27.   Commenting on SEIB’s participation in QMED 2019, Mr. Elias Chedid, the company’s Chief Operating Officer and Deputy Chief Executive Officer, says that this strategic partnership aims at empowering the Qatari healthcare sector as a national engine of economic growth. Since its establishment, SEIB has focally extended its support to healthcare enterprises as an integral member of ......read more

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

Doha, Qatar, March 19, 2019:  Qatar Insurance, the largest insurer in the MENA region has won two prestigious awards at the MENA Fund Manager Performance Awards 2019. The award ceremony, which was held in Dubai recognised and rewarded fund and asset managers that had outperformed their peers over the last year. QIC won awards in two categories- the Qatar Equity Fund for its 2018 performance and the QIC GCC Equity Fund for its three year performance. The QIC GCC Equity Fund won the award for the best GCC fund performance over three years ending 2018 for a GCC fund with over $75m in assets.  The Fund posted a return of 23.4% in USD terms over the three years and topped its category’s peer group comparison.  The Qatar Equity Fund posted a return of 22.8% in USD terms versus its benchmark performance of 20.8% and ......read more

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

A Corporate Social Responsibility Initiative Doha, Qatar, March 16, 2019:   Al Khalij Commercial Bank (al khaliji) P.Q.S.C, Qatar’s next generation bank, as part of corporate social responsibility drive, has once again extended its financial support in the form of donation to the Qatar Society for Rehabilitation of Special Needs, a local humanitarian organization that aims to support and develop the skills and capabilities of people with disabilities. The donation, which was handed over in the presence of Mr. Mohamad Alkuwari, Head of Reward and HR Services at al khaliji, and Mr. Taleb Abdullah Afifah, Board Member at the Qatar Society for Rehabilitation of Special Needs. Commenting on the occasion, Mr. Mohamad Alkuwari, Head of Rewards and HR Services at al khaliji, said:  “Al Khaliji has been ......read more

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

Election of a new Board of Directors chaired by HE Sheikh Mohammed Bin Hamad Bin Jassim Al Thani  A strong performance in total asset standing at 44.4 billion QR, driven by a strong growth in the finance portfolio that exceeded 27.8 billion QR. Customer deposits reached 26 billion QR. Doha – Qatar, 14 March 2019 -   Barwa Bank Group, convened its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on 13th of March February 2019 at Four Seasons hotel, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al Thani, Chairman of the Board and Managing Director, with an 87% shareholder attendance.    During the AGM, all items on the agenda were discussed, such as hearing and approving the Board's Report for the year that ended December 31, 2018, as well as discussing and ......read more

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

Sheikh Faisal Bin Qassim Al Thani tells Oxford Business Group Doha, March 13, 2019:   Qatar’s efforts to tap new investors, and goods and service providers farther afield, were among the topics discussed recently at a meeting held between Sheikh Faisal Bin Qassim Al Thani, Chairman, Al Faisal Holding, and representatives from Oxford Business Group (OBG). Sheikh Faisal told the global research and consultancy company that the ongoing regional blockade had generated new business opportunities for both local and international firms, as the country looks to the private sector to become more resourceful and drive new growth. “One major advantage of Qatar is the presence of competitively priced raw materials, including secure energy supplies,” he said. “The Qatari Government considers industrial ......read more

QIC Group sponsors Katara International Beach Volleyball Championship 2019

Doha, Qatar, March 13, 2019:  As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance Group, the flagship insurer is sponsoring the Katara International Beach Volleyball Championship 2019 as the gold sponsor of the event. The event which is scheduled from 12th March will be held at the Amphitheater at Katara. The event will witness participation of 50 teams from 29 countries.  Qatar Insurance Group's role as a sponsor highlights the company’s unilateral focus on being a responsible corporate citizen and demonstrates its full support to all sports activities and initiatives for the nation.  Commenting on the Group’s strategic partnership, Mr. Salem Al Mannai, Deputy Group President & CEO of QIC Group remarked, “We are ......read more

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

Doha, Qatar, March 13, 2019:   With a view to drive financial technology -led economy in Qatar, Qatar Development Bank (QDB) successfully hosted a workshop on “Shariah Compliance Issues of Crypto Assets” in association with Association of National Development Finance Institutions in Member Countries of The Islamic Development (ADFIMI).  Established as an autonomous, independent and non-profit international organization, ADFIMI) started its operations in September 1987 at its headquarters in Istanbul, Turkey, on being given the status of an International Organization. It presently has around 40 members from 18 countries. ADFIMI organizes various training programmes, seminars, workshops, and conferences in different countries for the benefit of its members. Since its inception, ADFIMI forged solid partnership ......read more

QIC Group and Commercial Bank Qatar Masters cherish a distinctive partnership

Doha, 07 March 2019: Qatar Insurance Group, the leading insurer in the MENA region has partnered with Commercial Bank Qatar Masters to be the Official Tournament insurer for the region’s premier Golf tournament. QIC, along with its subsidiaries Qatar Re and Antares, is proud to support the tournament for twelve consecutive years. Founded in 1964, Qatar Insurance Company (QIC) was the first domestic insurer of Qatar. Today QIC is a dominant insurer in the region and is regarded as the largest insurer in MENA region in terms of profitability, assets and market capitalization. QIC’s consistent rating of A/Stable from Standard & Poor’s and A(Excellent) from A.M. Best affirms QIC’s core strength and sustainable performance.  Implementing its diversification strategy of expanding beyond the borders of ......read more

Shareholders approve recommended distribution of cash dividend payout of 15%

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

al khaliji takes part in TAWTEEN launch event as the Sponsor

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

al khaliji hosts its 5th Annual Football Tournament

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

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

Doha, Qatar – 17 February 2019 – Barwa Bank, Qatar's most innovative Shari’ah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters. As the draw results showed, Fatemah Abdalah Ali and Milad Mahmood each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to the following bank clients: Mahmoud Mohammed Al-Yafei, Loai Al-Tawil, Faisal Ali Al-Anssari, Kholoud Amralla Al-Emadi, Jassim Mohamed Fakhroo, Saeta Salem Al-Qarah, Mehanna Sultan Al-Naemi, Ahlam Yousuf Al-Baker, Al-Anoud Hassan Al-Sahli, Sirish Nallamatla, Hussain Sultan Al-Jaber, Mohammed Talha, Sheikha Wadha Qassim Al-Thani, Lulwa Hasan Bureshaid, Tahira Abdulwaris, Kayingil Mohamed, Ranya ......read more

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

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

Barwa Bank launches the new mobile banking application

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

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

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

QIC Board of Directors Meeting

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

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

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

Other Top Stories from Banking and Investments
 
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

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

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