Doha, Qatar, August 13, 2018: Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Khaola Saad Al-Tairey and Bashaer Ameer Al-Mulla each won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients:
Noora Mohammed Al-Baker, Hamad Aqeel Al-Shammari, Babiker Ali, Iqbal Ahmed Abdul Bari, Hessa Ibrahim Al-Hammadi, Khulood Esmaeil Mahmoudi, Hamad Ali Al-Marri, Aida Maath Abid, Abdulqawi Awad Al-Yafei, Adel Alawi Al-Sanabani, Ali Al-Kubaisi, Fatma Aly, Jamal Mohammed Al-Baker, Abdelaziz Soltan, Turki Mansour Al-Qahtani, Mohamad ......read more
Doha, Qatar, August 8, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the final list of Mastercard Weekend offer winners, at the Bank’s headquarters. The winners were chosen based on the highest number of transactions during the weekends.
The winners announced by Barwa Bank are: Mohamed Shawara, Mir Afroze Ali, Moeed Ahmed, Mohamed Janahi, Kamel Lafi, Ayesha Banu, Abdulla Jassim Al-Malki, Yousef Al-Jassim, Ateeq Khalid and Ali Al-Rumaihi. Each winner took home a travel voucher worth QAR 5,000. In addition to the prize, they earned loyalty points from Barwa Bank with every purchase using Mastercard. These points would be redeemable with Qatar Airways Privilege Club, Nojoom and other leading merchants across Qatar.
The offer was valid for ......read more
Doha, Qatar, 07 August, 2018: As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance Group, the leading insurer in Qatar and the MENA region have collaborated with Dreama to provide sponsorship for quality housing refurbishment for orphans.
QIC Group has long focused on engaging in multiple CSR collaborations that make significant developments in the fields of human and social development. Evolving with the trends that underpin the changing CSR landscape in Qatar, QIC Group has been involved in various activities that contribute to the advancement of the society, including cultural, social and human values that create scalable impact.
Today CSR is considered an integral pillar for achieving sustainable development; not only in business, but ......read more
Qatar, July 31, 2018: Burgan Bank, one of the leading banks in talent and career development, announced its one-year sponsorship of leading knowledge transfer platform - Knowledge Club’s Season 2 workshops and seminars as part of its ongoing strategy to enhance its human capital capabilities through world-class training, strategic partnerships and supportive resources.
The agreement was signed with Vigor Events: the founder of the “Knowledge Club” and a first-class education and training provider in the Middle East and North Africa region. The “Knowledge Club,” running for the 6th year, provides top companies and individual professionals an exceptional training and development experience. The comprehensive program will hold seminars, conferences, and experiential learning workshops ......read more
QIC reports 91% of the full year 2017 profits in H1 2018
Improved underwriting performance reflects portfolio shift to lower volatility business
Doha, 25 July 2018 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results approved by the board for the first half of 2018.
In H1 2018 QIC Group recorded growth in Gross Written Premium (GWP) of 5% to QAR 6.6 billion. This performance reflects the steady and systematic expansion of QIC Group’s international operations, which has further expanded in select low volatility classes.
The MENA markets continued to generate stable premiums and underwriting profitability, weathering unabated geopolitical headwinds. Against this backdrop, the Group reported profits to the tune ......read more
Doha, Qatar – July 22, 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Abdulrahman Saad Al-Kuwari as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Thara’a offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari riyals, a first for Islamic banks in Qatar. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totalling 3,300,000 Qatari riyals, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of 10,000 ......read more
Net profit of QAR 335 million, an increase of 5% year on year
Increased Operating Income to QAR 617 million
Operating expenses were QAR 166 million, 3% lower compared to H1, 2017
Deposit growth of 3% to QAR 33 billion
Doha, July 19, 2018: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the first six months of 2018, reporting a Net Profit of QAR 335 million. This was driven by growing operating income, effective cost management leading to lower operating expenses.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:
al khaliji continues to achieve robust profit due to the added momentum of our Qatar-centric medium term strategy. Our prudent risk management practices coupled with strong capital position have ......read more
Doha, Qatar, July 18, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the fourth draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters.
The draw was held on July 5th, 2018 and five winners took home a QAR 20,000 cash price each: Nasr Merghani Mohamed, Mohamed Hedi Karmous, Juma Hamed Alsaadi, Khalifa Hamad AL- Subaey and Ahmed Isam Ahmed.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank had launched its Salary Transfer promotional campaign offering customers a chance to win cash and other rewards that sum up to QAR 1 million. Customers opening new salary accounts ......read more
As part of supporting small and medium enterprises
Doha, Qatar, 17, July 2018: Qatar Development Bank (QDB) organized a workshop on national strategy for business incubators and business accelerators, which was attended by representatives from concerned authorities responsible for entrepreneurship and development of small and medium enterprises in Qatar.
During the workshop, the main challenges facing Qatari entrepreneurs were discussed, furthermore, appropriate solutions were developed and opportunities to support emerging projects by establishing a foothold in local, regional and global markets were explored.
This strategy is the first of its kind in Qatar and in the Arab countries. It aims at nurturing business startup companies which help develop the business sector and young established companies who have ......read more
By the World Union for Arab Bankers
Doha, Qatar – 12, July 2018 – Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has been awarded for its ‘Excellence in Diversified Islamic Services and Products in Qatar’ at ‘The Arab Banks Awards & Commendations of Excellence 2018’, which was recently organized by the World Union for Arab Bankers (WUAB) in Beirut, a grand ceremony attended by an elite group of regional financial and banking leaders, industry experts and VIP guests.
Commenting on winning, Barwa Bank stated:
“Being recognized by an important regional institution, such as the World Union of Arab Bankers, proves Barwa Bank’s commitment to providing a diverse range of the latest Sharia’h-compliant products within the best ......read more
Doha, Qatar, 11 July 2018, (AETOSWire): QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.
For the first half of 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up by 7% compared to last year. Total assets increased by 10% from June 2017 to reach QAR846 billion (USD232 billion), the highest ever achieved by the Group.
The key driver of total assets growth was from loans and advances which grew by 9% to reach QAR604 billion (USD166 billion). This was mainly funded by customer deposits which increased by 9% to reach QAR614 billion (USD169 billion) from June 2017. This helped to maintain QNB Group’s loans to deposits ratio at 98.4% as at 30 June 2018.
The Group’s drive for operational ......read more
Doha, Qatar – July 9, 2018 : Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, has been named as the ‘The Best Commercial Bank in Qatar’ at the 2018 Arab Banks Awards & Commendations of Excellence, organized by the World Union of Arab Bankers (WUAB) and hosted by The Banking Executive magazine.
Al khaliji’s win – which took place during a Gala Dinner ceremony recently held in Beirut in the presence of a host of elite Bankers and International figures – is a recognition of the highest standards of innovation, performance and exceptional service quality of al khaliji.
WUAB is a prominent non-profit Arab Forum that serves as an ideal platform for communication, networking, and information sharing, gathering under its umbrella today the ......read more
Qatar, July 08, 2018: Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans.
Local SMEs were presented with a series of potential business opportunities at the third annual Government Procurement and Contracting Conference & Exhibition (Moushtarayat), held in Doha from April 23-25.
Coordinated by the Public Works Authority, Ministry of Finance and Qatar Development Bank (QDB), the event brought together small companies, large firms and government agencies, allowing the public and private sectors to interact while also providing a platform for state entities to showcase projects open for tender or direct assignment.
Moushtarayat 2018 saw more than 2000 ......read more
Private-sector growth and the development of new sectors will be the focus of Oxford Business Group’s upcoming publication, ‘The Report: Qatar 2019’.
Doha, June 11, 2018: Private-sector growth and new government initiatives to support long-term economic diversification and sustainability will be the focus of the global research, publishing and consultancy firm Oxford Business Group’s upcoming economic report on the country, ‘The Report: Qatar 2019’.
New developments in Qatar’s economy, including measures to support non-hydrocarbon growth and priority industries including agriculture, manufacturing and defence, will be explored in OBG’s economic analysis. ‘The Report: Qatar 2019’ will provide in-depth coverage of the country’s diversification ......read more
Doha, Qatar – June 09, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the third draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters. The draw was held on June 5th, 2018 and five winners took home a QAR 20,000 cash price each: Mohammed Abdullah Hashem, Mohammed Abdulaziz Farooq, Jaber Rashid AL-Sennari, Dolsicima Ucag Biason and Krishna Chandran Nair.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank had launched its Salary Transfer promotional campaign offering customers a chance to win cash and other rewards that sum up to QAR 1 million.
Customers opening new salary ......read more
Doha, 5 June 2018: Qatar Development Bank (QDB), through its export development agency 'Tasdeer', participated in NPE2018, the world’s largest and most prominent plastics trade show and conference in the Western Hemisphere. NPE2018 took place from May 7th till May 11th in Orlando Florida, USA, and saw participation from 11 Qatari companies in the plastic industry as part of Qatar Development Bank’s special pavilion. The Bank’s participation in this international conference stems from the their mission to strengthen and diversify Qatar’s private sector with a focus on developing SMEs’ competitive edge and export services in global markets.
The Qatari participants under the Bank’s special pavilion included: Bu Matar Germany Factory for Plastic Products, Doha Plastic, Qatar ......read more
In line with its continuous endeavor to enhance corporate customers experience and efficiency
Doha – Qatar –June 4, 2018: In line with its continuous efforts to provide innovative services to its corporate customers in Qatar, Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has launched its Corporate ATM at its main branch.
Barwa Bank's new Corporate ATM service, offering its corporate customers additional features that allow organizations to enhance the efficiency of their day-to-day business flow in the safest and most secure way possible, comes in line with the bank’s commitment to constantly enhance its customers banking experience.
On this occasion, Barwa Bank said in a statement:
“In line with our commitment to providing ......read more
Doha, Qatar – May 30, 2018: Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced the names of two customers who have won a trip to the 2018 FIFA World Cup in Russia.
Barwa Bank joined hands with Visa, the worldwide partner of the 2018 FIFA World Cup Russia™, for the promotional offer that was offered to both existing and new Barwa Bank Visa card holders. For every QAR 100 spent using Barwa Bank Gold and Platinum VISA cards, customers stood a chance to win two tickets to the CAT 1 match of the long-awaited football tournament scheduled to take place from 14th June 2018 to 15th July 2018.
The winners, Ismaeel Ayodele Balogun and Mohamed Khiar Haimuor have been granted two tickets each along with a fully paid package to fly to Russia and attend the ......read more
Doha, 27 May 2018: As part of its continuous support for home-based businesses, Qatar Development Bank (QDB) has launched the 3rd edition of “Ramadan Bazaar Markets 2018” in cooperation with Bedaya Center and Qatar Business Incubation Center (QBIC), during a ribbon cutting ceremony held on Saturday 26 May at The Gate Mall, in the framework of the bank’s Home-based Business National Program (HBBNP) for developing Home-based businesses which was launched in 2015 to support this sector, and in return these business will contribute effectively to the local economy.
The “Ramadan Baazar Markets” was inaugurated by Mr. Ibrahim Al Mannai, Executive Director of Advisory Services and Incubations at Qatar Development Bank, Mr. Abdulsalam Abu Issa, CEO of Salam International, and Mrs. Aysha Al Mudahka, QBIC ......read more
Doha, Qatar, May 23, 2018: Qatar Development Bank (QDB), in its ongoing endeavor to provide all means of support to help the food and beverages SMEs spread their wings in the global markets, through its export development agency 'Tasdeer', participated in Food and Hotel Asia (FHA) 2018, which was held from April 24-27, 2018 at Singapore Expo and Suntec Singapore.
Hosting a special Qatar pavilion, it offered a poised platform to SMEs to showcase their products and services and gain better business ties. FoodAsia, the largest food industry event in Asia-Pacific region, has a proven ability to attract the right profile and quality trade visitors from across Asia.
The list of participating companies included Qatar Meat Production Co, Global Farm for Agriculture, Agrico Organic Farms, Gulf Water Plant, ......read more
Doha, Qatar –May 21, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, launches MasterCard Weekend offer for its existing Barwa Bank Mastercard holders.
During the holy month of Ramadan, Barwa Bank offers its customers a chance to win exciting rewards when they make transactions using their MasterCard credit card during the weekends. The offer is valid till July 21, 2018.
The winner will be chosen based on the highest number of transactions during the weekend, starting Thursday morning till Saturday midnight. 10 winners stand a chance to win a travel voucher worth QAR 5,000 each. In addition, the customers would earn loyalty points with every purchase. These points would be redeemable with Qatar Airways Privilege Club, Nojoom and other leading ......read more
Doha, Qatar, May 19, 2018: In line with the Qatar National Vision 2030 towards developing human capital and as part of its mission, Qatar Finance and Business Academy (QFBA) in collaboration with the CFA Society Doha organized a free CFA information session on Tuesday May 8, in order to create an awareness for finance professionals on the importance of being certified in a fast moving world and give participants an idea as to what they can expect from taking this course at QFBA. Participants from different sectors in Qatar such as Georgetown University, Qatar National Bank (QNB), Shell Qatar and KPMG in Qatar, have joined the session.
QFBA, in collaboration with CFA Society, are successfully implementing programs that work towards creating a knowledge-based economy.
Commenting on the occasion, Dr. Mohammed Abdullah Al ......read more
Doha, Qatar – May 17, 2018 – Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, has announced a slew of customers centric campaigns and initiatives for the holy month of Ramadan.
In one of the initiatives, the Bank has launched Mastercard Weekend offer for its existing Barwa Bank Mastercard holders. The move has been taken in order to encourage the credit card holders to spend more using their cards during the weekends. This offer is valid till July 21, 2018.
The winner will be chosen based on the highest number of transactions during the weekend, starting Thursday morning till Saturday midnight. 10 lucky winners stand a chance to win a travel voucher of QAR 5,000 each. Additionally, the customers would also earn loyalty points with every purchase. These points would be ......read more
Doha, Qatar – 13 May 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Randa Abumaali and Lamiaa Gomaa Allak each won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients; Mohammad Syed Mohammad, Hussain Sultan Al-Jaber, Mohamed Mohamed Hussain, Basma Ali, Abdulla Saad Marafi, Farideh Esmaeil Nowdaz, Iman Ghommidh, Aydeh Almaridi, Oamar Ahmed Al-Mulla, Abdulla Hamad Al-Mohannadi, Jumah Idrees Al-Fadel, Shayah Mohd Al-Hamli, Yousuf Ali Almohannadi, Nasser Ebrahim Al-Emadi, Ali Mohd Al-Ghaffari, Shawqi A.Aziz ......read more
Doha, Qatar – May 07, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the second draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters. The draw was held on May 6th, 2018 and five winners took home a QAR 20,000 cash price each: Ebrahim Haidar Abdulla, Mohamed Rahma Thulla Shafeeq, Mohammed Rabiah AL-Kuwari, Dayo Aristotle Santos and Saleh Abdulla Ismaeel.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank had launched its Salary Transfer promotional campaign offering customers a chance to win cash and other rewards that sum up to QAR 1 million. Customers ......read more
Chairman of Al Faisal Holding and the Qatari Businessmen Association interviewed by Oxford Business Group
Doha, 6 January 2016: A growing population looking for a wider range of goods and services is creating “ample business opportunities” for Qatari entrepreneurs across the board, Sheikh Faisal bin Qassim Al Thani, Chairman of industry giant Al Faisal Holding has ......read more
“Qatar’s strategy of diversification and investment will ensure that non-oil sector growth will continue” – Prime Minister
Qatar’s Stability is Supported by QR261 Billion Worth of Public Sector Projects – Minister of Finance
The outlook for the global economy in 2016 is very mixed, according to leading experts ......read more
Leading Qatari Executives and Bright Lights of Banking Sector will Attend December Event
Doha, Qatar: Some of the most influential figures from Qatar’s government, financial and public sectors are set to attend and speak at the upcoming Euromoney Qatar Conference 2015, which brings together international banking leaders with senior figures from the GCC region.
Running from 9-10 ......read more
This December experts from the US, Turkey, UAE, Egypt, UK, Saudi Arabia and other markets to provide Islamic finance industry with its asset allocation outlook for 2016
11 November 2015, Manama, Bahrain: The World Islamic Banking Conference (WIBC) 2015 will gather seasoned economists, asset managers and investment bankers who will provide a holistic view of asset allocation ......read more
Al khaliji France (UAE), a subsidiary of Al Khalij Commercial Bank (al khaliji) Q.S.C, will be organizing a career day series across the Emirates, in line with its strategic efforts exporting its talent recruitment and retention localization philosophy across its network.
Open to all fresh graduates and entry-level professionals in the UAE banking and finance field, the series will be held in ......read more
UAE, 27 October 2015– DuPont Sustainable Solutions (DSS) participates at this year’s Asset Integrity and Process Safety (AIPS) World, a conference designed for professionals associated with reliability, integrity and safety of field assets, which is held on October 27 and 28, 2015 in Doha, Qatar. The summit is expected to cover key techniques and functions related to asset ......read more
• The market value of the MENA design industry surpassed USD 100bn in 2014
• UAE and Saudi Arabia are by far the largest overall design markets in the region, respectively totaling USD 27.6bn and USD 21.9bn in design revenues in 2014
Dubai, October 27, 2015: Dubai Design and Fashion Council (DDFC) revealed the results of the MENA Design Outlook, a ground-breaking study ......read more
Masraf Al Rayan and Qatar International Islamic Bank lead Cost-to-Income Ratio rankings in the GCC
Manama, Bahrain, 25 October 2015: The WIBC Leaderboard announced today the global rankings of Islamic banks in terms of Cost-to-Income ratio, one of the financial performance sub-indicators of the Leaderboard. No less than three Qatar-based banks have appeared in the top 5 Islamic banks in the ......read more
Dubai, October 25th, 2015: Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the nine months ended September 30, 2015. Milaha delivered a net profit of QAR 959 million for the first nine months of 2015, a 17% increase compared to the same period in 2014.
Key financial highlights:
• Operating revenues increased by 17% to QAR 2.31 billion ......read more
Dubai, October 24, 2015: The 55th World Federation of Exchanges (WFE) General Assembly and Annual Meeting was hosted by Qatar Exchange this week at Marsa Malaz Kempinski, The Pearl – Doha. Doha Bank CEO, Dr. R. Seetharaman participated in the panel discussion “Opening the Middle east markets - The Shape of things to Come” on 21st October 2015.
Speaking at the panel discussion ......read more
Dubai, October 20, 2015: “We’ve been doing personal insurance business for 47 years in the UAE through our corporate clients – and this experience has shown us that there’s a gap in the personal insurance market – a gap that Qatar Insurance will fill” says Mr. Ali Al Fadala, Senior Deputy Group President & CEO of QIC Group
“Our personal ......read more
October 13, 2015: DHL Express Qatar has recently organized a visit to the Nedaa Centre for disabled children as part of its Corporate Social Responsibility (CSR) focus. The visit included several fun-filled activities and an exciting entertainment program to delight the kids featuring performances by magicians and clowns. DHL staff played an active role during the event and distributed gifts and ......read more
- From October 18th to 22nd
United Arab Emirates; September 22, 2015 – FAMOCO the French specialist of Android NFC readers just raised $4,5 millions and now aims at conquering the Middle Eastern market. The GITEX show, the 3rd largest technology event on the planet, is an opportunity for FAMOCO to meet its clients and gain prominence in the Middle East. FAMOCO exhibits at this event ......read more
Doha Bank marks yet another First in the Banking Industry in Qatar by being the first issuer of UnionPay cards in Qatar
Dubai, September 16, 2015: Doha Bank has continued to demonstrate innovation leadership in the country by partnering with UnionPay International to be the first issuer of UnionPay cards in the Qatar. Doha Bank and UnionPay International entered into a strategic relationship ......read more
United Arab Emirates ; September 9, 2015 - EQUITY, leader of governance and legal management software solutions for major corporations, continues its development and announces the signing of significant new contracts in the Middle East.
EQUITY, French governance and legal management solutions provider for large and medium corporations, announces the signing of contracts with new prestigious ......read more
- US$11.5 billion invested globally from the Middle East in H1 2015
- Middle East investment reaches 83% of 2014’s entire year investment in first half of 2015
Dubai, 09 September, 2015 – During the first half of 2015, US$11.5 billion of capital flowed out of the Middle East into direct real estate globally, according to the latest research from global property advisor CBRE Group, ......read more
The Strategic Alignment is designed to Generate Business Opportunities in the GCC and India
Dubai, September 06, 2015: Doha Bank and Reliance ADA Group have entered yesterday into an alliance to create new opportunities for co-operation and innovation in terms of business development across the GCC and India. The MOU is envisaged to provide tangible business opportunities and further prospects ......read more
Dr. Zeti Azi, Governor of Malaysia’s Central Bank, delivered the inaugural Keynote Address at historic forum in the UK
Dubai, United Arab Emirates, 1 September 2015: Ethical finance leaders from Europe, East Asia, the Middle East and Africa gathered today at a historic forum for the global responsible investments industry. The Global Ethical Finance Forum (GEFF), with the official ......read more
Dubai, September 01, 2015: Dr. R. Seetharaman, Group CEO of Doha Bank had submitted his doctoral thesis on “Green Banking and Sustainability” to Sri Sri University recently and on August 16, 2015 he was invited to defend the same. The Viva Examining Board on the basis of unanimous opinion has recommended that Dr. Seetharaman be awarded the Ph.D. Degree on “Green Banking and ......read more
PA Consulting Group study shows organisations in UAE, Saudi, Qatar must develop staff to think creatively to boost productivity
Abu Dhabi, UAE, 30 August 2015: Management in the Gulf need to take more risks and develop staff to think creatively, according to a new global innovation survey designed to help companies stop wasting their best ideas and flushing hundreds of billions of dollars down ......read more
Buy-back of up to 50 million shares reflects confidence in business strategy and growth potential
Taipei, Taiwan – August 24, 2015 – HTC Corporation today announced that its Board of Directors has authorized a share repurchase program to restore investor confidence and increase shareholder value.
The share repurchase program, which will run over the course of the next two ......read more
-Deloitte: Risk appetite in the Middle East curbed
-Deloitte: Optimism in UAE drops to a net 46% from net 61% previously
24 August, 2015 – The continuation of low energy prices is impacting both optimism and risk appetite in the Middle East, according to Deloitte’s latest report “Global CFO Signals: CFO Sentiment Q2 2015 – Staying focused; remaining vigilant”. ......read more
Global best practice standards, customer service delivery and expert event management ensure QNCC’s overwhelmingly positive customer satisfaction rating
Doha, Qatar, 24 August 2015: Qatar National Convention Centre, the Middle East’s leading exhibition and convention centre, recently conducted a survey amongst its international and regional clients garnering feedback on its event ......read more
Sharp drop in price of gold has spurred strong buying interest from retail investors and jewelers in Qatar
Dubai, August 23, 2015: As falling gold prices continue to fuel strong buying interest in gold, Doha Bank is building up its gold supply to meet increased consumer appetite for the yellow metal. The Bank imported a record 23,818 ounces of gold in the first seven months of 2015 to keep up ......read more
The Islamic finance industry has reached almost $2 trillion in total assets at the end of 2014
Dr. Sayd Farook will bring international expertise and track record to leading Middle East knowledge platform
21 July 2015, Dubai, United Arab Emirates: Middle East Global Advisors has appointed Dr. Sayd Farook as Vice Chairman and Chief Executive Officer.
Dr. Sayd Farook joins ME Global ......read more
Future Market Insights (FMI), in its latest report titled, “China First Aid Market Assessment and Opportunity 2014 - 2020”, projects the China first aid market to exhibit a CAGR of 6.3% between 2015 and 2020. Adoption of aggressive promotional campaigns are key factors driving growth of the market.
The report is focused on basic first aid products such as adhesive bandages, ......read more
UAE, July 15, 2015 - Al Hilal Bank, the progressive Abu Dhabi - headquartered Islamic Bank, has announced the resignation of Mr. Mohamed Jamil Berro as the CEO, a position he has held since the bank’s establishment in 2008. Mr. Berro explained that his resignation is due to personal reasons. The Board of Directors expressed their appreciation for Berro, commending his vital role in raising ......read more
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 half of 2015. Net profit for the first half of 2015 recorded an impressive QAR 801 million as compared to QAR 787 million for the same period in 2014 showing an increase of ALMOST 2%. H.E. Sheikh Fahad said “This is another ......read more
Dubai, July 2015: Leading advertising agency Leo Burnett MENA collected an array of awards at the Cannes Lions International Festival of Creativity 2015, the world's biggest annual awards show and festival for professionals in the creative communications industry. The agency scooped a total of nine Lions at the prestigious event – which takes place every June in Cannes, France – ......read more
Dubai, July 14, 2015: Doha Bank hosted a knowledge sharing session recently in Kolkata, India on “Opportunities in Qatar and GCC“. The event was attended by key industrial offiicials and dignitaries including Mr. P. Roy, Director-General, The Bengal Chamber of Commerce & Industry(BCCI), Mr. Alok Roy, President, BCCI , Hon’ble Mr. Firhad Hakim, Hon’ble Minister for ......read more
Doha, Qatar, 08 July 2015: DHL Express, the world’s leading logistics company, has expanded its presence in Qatar with the opening of its fourth in mall service point in City Centre Mall, helping to boost accessibility, efficiency and accessibility for its customers.
DHL now operates 11 service points in Qatar thus reaffirming its commitment to the country and its growing customer ......read more
Written by Jameel Ahmad, Chief Market Analyst at FXTM
For the second successive week, global financial markets are commencing trading facing downside pressures with investors reacting unfavourably to the news that a “No” vote was declared victorious in the Greek referendum. While Tsipras is optimistic that the outcome of the referendum can be used as leverage for ......read more
This is now officially a Greek tragedy
In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of a social break down.
The vote clearly was not help by the fact that the actual vote: Yes or No was confusing. What did they actually say No to?
This ......read more
MEED says three data points show that markets fell during first half of 2015
• Project awards, mergers and acquisitions activity, and company earnings are all down by close to 30 per cent
• Average daily oil prices down by 46.9 per cent during first half of 2015
• Investor confidence has been subdued this year
Economic activity in the GCC fell by just under ......read more
Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk.
It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5.
The outlook for Q3, therefore hangs in ......read more
Three quarters of GCC employers feel the education system doesn't know what skills employers need
• 53% of employers rank lack of work experience as affecting nationals’ employability, with only 30% of GCC students having taken any work experience
• According to employers, communication skills (36%) and required skills and qualifications (22%) are further ......read more
Dubai, June 29, 2015: Cedar Management Consulting International LLC (Cedar), the global management consulting firm today announced that it has acquired the business and operating assets of IBS Publishing, the leading UK based financial technology research, publication and consulting firm. This includes their primary brand and operating platform - IBS Intelligence.
Since 1999, Cedar’s ......read more
June 28, 2015: Impact Plus, a leading Dubai-based ‘Business Knowledge’ facilitator offering accredited training programs in the Middle East and Africa, has launched three interactive and practical entrepreneurial development initiatives with an aim to reduce leadership deficit. The new US-accredited development programs -- Ana Montejah™, Certified Professional Graduate ......read more
Dubai, June 28, 2015: Doha Bank inaugurated its Representative office in South Africa on 25th June 2015. A Ribbon cutting ceremony was held at Doha Bank Representative Office, Johannesburg, South Africa which was followed by an inauguration reception function held at Michelangelo Hotel, Sandton, Johannesburg, South Africa. The key dignitaries at the function include His Excellency the ......read more
Enjoy exclusive discounts and rewards for Iftar and Suhoor
Dubai – UAE, 25th June 2015: During the holy month of Ramadan, Mashreq introduces astounding offers at over 60 premium Flavours partner restaurants. Mashreq Flavours, one of the biggest dining programs in the UAE continues to provide its customers with a wide range of elite choices to relish the togetherness of ......read more
UAE, June 24, 2015 - The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that two Arab states were among the top importers of Brazilian shoes during the first quarter of 2015, demonstrating anew the steadily growing trade relations between the region and the South American nation. The ABCC cited figures recently released by the Brazilian Footwear Industry Association (Abicalçados) showing ......read more
June 24, 2015 - National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced that its CEO, Robert Holtkamp, has received the award for ‘Most Outstanding Corporate Leader’ from Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading Arabic business magazine published by United Media Services. The 5th edition of the ......read more
DUBAI, 23 JUNE 2015. EY signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August, will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to ......read more
Dubai, June 18, 2015: Dr. R. Seetharaman, Group CEO of Doha Bank, was honored with the “Business Man of the Year Award” at the Qatar Today Business Awards held recently in Doha, Qatar. Dr. Seetharaman was awarded for his strong beliefs in management principles and for his dynamic leadership qualities in leading Doha Bank with strong values and firm principles.
On receiving the ......read more
18 June 2015: SHUAA Asset Management Ltd. today announces that is has been awarded the “Best Regional Asset Manager” at Banker Middle East’s Annual Industry Awards 2015.
Organised by CPI Financial, the awards recognise institutions that are truly innovative pioneers in their respective areas of expertise, and are helping to shape the future of the industry in the region. The ......read more
Doha, Qatar, June 17 2015: DHL Express Qatar has won for ‘Best Logistics Company’ at the inaugural Qatar Today Business Excellence Awards, which took place last June 16, 2015 at the Hilton Hotel in Doha. The high-profile red carpet awarding ceremony was attended by Qatar’s business elite along with representatives of leading national companies and key economic influencers. It ......read more
According to EY’s 2015 Europe, Middle East, India and Africa (EMEIA) Fraud Survey:
DUBAI, 16 June 2015: EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance. Only 52% of MENA respondents stated they had an ......read more
55 brands receive Superbrands recognition at Gala Event
Dubai, United Arab Emirates, June 16, 2015: Superbrands, the independent authority and arbiter of branding, announced that ‘Eros Group’ has won the coveted 'Brand of the Year' award at the 11th annual Superbrands tribute event, which was held at the Intercontinental Hotel in Dubai Festival City. Fifty-five leading ......read more
Dubai, June 14, 2015 : “Financial Inclusion for Social Development and Stability- boosting jobs and reducing poverty, said Dr. R Seetharaman, Group CEO, Doha Bank,participating as a keynote speaker in the event,speaking at the session at The International Banking Summit 2015. The summit was held in Hungary on 9th – 10th June 2015, under the patronage of H.E. Mr. Viktor ORBAN- ......read more
UAE, June 08, 2015 - Al Hilal Bank recently hosted the third preparatory session for the United Arab Emirates Banks Reception scheduled to take place as part of the 2015 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) running from October 9 to 11, 2015 in Lima, Peru.
The meeting was organized at the Al Hilal Bank headquarters in Abu Dhabi’s Al Bahr ......read more