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

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

Qatar Development Bank successfully hosts Al Furjan Markets Raffle Draw ceremony

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

Qatar Development Bank successfully hosts Al Furjan Markets Raffle Draw ceremony

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

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

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

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

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

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

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

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

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

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

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

Heading: QIC ranked as Top Investment House from MENA region

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

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

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

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

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

QDB honors top 50 SMEs at the SME Excellence List 2018

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

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

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

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

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

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

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

QDB kicks off Qatar Entrepreneurship Conference “ROWOD Qatar 2018”

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

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

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

Executives Across Region Cautiously Optimistic Despite Rollercoaster Year

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

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

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

Qatar is in full charge to spearhead Sports Tech. Entrepreneurship scene regionally

Doha, Qatar, November 05, 2018:   As part of its leading role in supporting startups, entrepreneurs and innovators in various sectors, Qatar Development Bank (QDB) announces the launch of the first SportsTech accelerator in MEA region powered by Startup Bootcamp the global player in accelerating Tech. Startups, with the goal to become the leading and central point in the region for sports innovation.  The initiative aims to attract the worlds’ most promising Sports technology startups, to further boost the sports industry and contribute towards the accelerated growth shaping up in the Qatar sports business. The accelerator is now open to startups globally, and the first program will commence in February 2019. Startups can start applying on www.qatarsportstech.com, till December 2018. QDB has always been a ......read more

QIC Group conducts Pink Month campaign

Doha, Qatar, October 31, 2018:  Qatar Insurance Group, the region’s leading insurer recently conducted a Breast Cancer Awareness forum to increase medical awareness of breast cancer and highlight the importance of its early detection amongst its female workforce.  Themed as The Pink Month campaign, the month long campaign kicked off with distribution of a pink awareness ribbon coupled with awareness presentation by the medical team to educate female staff about the risk factors, FAQs, its prevention and early screening methods that can save lives. Qatar Insurance Group is very proud to support such awareness initiatives for the well-being of the community. It demonstrates our Human Resources department’s ongoing commitment to raise awareness for the wellbeing of our community, and shows our support for ......read more

Massoun & Commercial Bank host an interactive workshop

Massoun & Commercial Bank host an interactive workshop to strengthen Insurance Partnership Doha, Qatar, 30 October 2018:  Massoun Insurance Services LLC. – a Joint Venture between Qatar Insurance Company (QIC) and its bancassurance partner Commercial Bank – recently hosted an interactive workshop with the Bank’s Wholesale Banking team. The session shed light on the achievements of Massoun over the years and detailed its future plans with Commercial Bank to further enhance its suite of insurance products and improve the client experience for its corporate customers.   Held at the Commercial Bank Plaza building, the workshop served as an excellent platform for exchanging views and enhancing teamwork.  Addressing the audience, Ms. Ruba Hasan, General Manager of Massoun, said: “We ......read more

QIC Group reports net profit growth of 54% to QAR 474 million for first nine months of 2018

The Group’s net underwriting result increased to QAR 378 million, compared with a to a loss of QAR 103 million for the same period last year QIC Group is constantly expanding its low severity high frequency business which now constitutes a significant portion of the total portfolio. Doha, Qatar, October 24, 2018:  Qatar Insurance Group, the leading insurer in Qatar and the Middle East North African (MENA) region yesterday announced its financial results for the first nine months ended September 30, 2018. Following a meeting of the Board of Directors, which was presided over by Sheikh Khalid bin Mohammed bin Ali Al-Thani, Chairman & Managing Director of the Board of Directors, the Board approved the financial results.   The MENA markets continued to produce stable premiums with underwriting ......read more

Al Khaliji Reports Q3, 2018 Net Profit of Qar 469 Million – 3.5% Growth Year on Year

Net profit of QAR 469 million, an increase of 3.5% year on year Net Fee and Commission Income of QAR 154 million, an increase of 2% year on year Operating expenses were QAR 247 million, an improvement of 3.4% to Q3, 2017 Impairments decrease by 28% year on year Liquidity remains strong resulting in an improved Loan to Deposit Ratio Doha, Oct 23, 2018:   Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the third quarter of 2018, reporting a Net Profit of QAR 469 million. This improved net profit was a result of effectively managing margins, controlling costs and a reduction in impairments.   His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:   “al khaliji has delivered consistent growth in profitability, ......read more

al khaliji holds awareness session to mark Breast Cancer Awareness Month

Doha, Qatar – 17 October 2018 –   On the occasion of Breast Cancer Awareness Month, Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, organized a seminar for its employees in partnership with the National Breast and Bowel Cancer Screening Program ‘Screen for Life’.  During this seminar, ‘Screen for Life’ team presented a lecture about breast cancer symptoms, stages and prevention methods, in addition to Mammogram, which is the early detections test every woman between 45-69 should do once every 3 years. The lecture included also details about the suites where women can get screened.  Al khaliji was keen to maximize the opportunity for participants of the seminar to gain a wide perspective and promote a message of hope.  “Breast ......read more

Other Top Stories from Banking and Investments
 
WIBC Leaderboard 2015: Qatari Islamic Banks Most Efficient in Global Islamic Finance Industry.…

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

Milaha reports net profit of QR 959 million for the Nine Months Ended September 30, 2015…

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

GCC Market reforms should enhance liquidity & investments from Global Investors…

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

Qatar Insurance sees gap in crowded marketplace…

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

DHL Express Qatar organizes visit to NEDAA Centre for the Disabled…

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

The NFC leader FAMOCO wants to expand its business in the Middle East and will exhibit at the GITEX ...…

- 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

UnionPay International and Doha Bank Enter into a Strategic Partnership…

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

EQUITY speeds-up its international development by focusing on corporate governance In the Middle ...…

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

Middle East outbound investment reaches an historic high in H1 2015…

- 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

Doha Bank Partners with Anil Ambani led Reliance Group…

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

Global Ethical Finance Forum all set as landmark platform to forge future of responsible ...…

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

Doha Bank Group CEO conferred with Ph.D. Degree in “Green Banking and Sustainability “at Sri Sri ...…

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

Gulf management need to take more risks and drive innovation – global survey…

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

HTC Announces Share Repurchase Program…

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: Middle East CFOs – Local concerns, global impact…

-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

QNCC excels as the venue of choice amongst clients for the first half of 2015 according to recent ...…

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

Doha Bank imports record volumes of gold to meet growing consumer demand…

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

Global leader joins Middle East Global Advisors to Build Intelligence Powerhouse for Islamic Markets…

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

China First Aid Market Projected to be worth CAGR of 6.3% by 2020…

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

Al Hilal Bank announces resignation of Group CEO…

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

Doha Bank achieves first half profit of QAR 801 million…

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

Leo Burnett MENA Reaches its Best-Yet Tally in Cannes, Walks Away with Nine Lions Including Two ...…

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

Best place to do business is Qatar – Indian SMEs informed at BCCI, India…

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

DHL opens new retail Service Point at City Centre Mall in Doha…

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

GBPUSD suffers in the aftermath of Greek referendum…

Written by Jameel Ahmad, Chief Market Analyst at FXTM Global Markets: 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

A Greek Tragedy…

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: Economic activity in the GCC fell by just under 30 per cent during the first half of 2015…

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

Saxo Bank warns of a false start to the Fed's rate hike cycle…

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

According to EY's report ‘How will the GCC close the skills gap?…

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

Cedar Management Consulting International acquires the business of IBS Publishing…

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

Impact Plus launches three exciting entrepreneurial development programs to fill region's ...…

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

Doha Bank inaugurates South Africa representative office…

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

Mashreq offers Flavours discounts and Double Rewards in Ramadan…

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

Arab-Brazilian Chamber of Commerce reveals UAE & Saudi Arabia among top importers of Brazilian ...…

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

NAPCO CEO receives AIWA's award for ‘Most Outstanding Corporate Leader'…

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

EY to acquire Integrc, further boosting its governance, risk and compliance consulting services…

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

Doha Bank CEO honored with “Business man of the year award”…

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

SHUAA named “Best Regional Asset Manager” by Banker Middle East…

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

DHL Express Qatar named ‘Best Logistics Company' at first Qatar Today Business Excellence Awards…

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

Nearly half of MENA businesses do not have an anti-bribery or anti-corruption policy and code of ...…

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

Eros Group wins ‘Brand of the Year' 2015 by Superbrands…

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

Qatar's Finance Inclusion Model is first of its kind for Financial Stability, says Doha Bank Group ...…

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

Al Hilal Bank hosts preparatory discussions for ‘UAE Banks Reception' forming part of ‘The IMF ...…

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

Enhancing Customer Satisfaction Through Techno-led Banking…

Dubai, June 8, 2015: The widespread adoption of technology has resulted in the introduction and acceptance of a multitude of devices and applications that have significantly transformed the way consumers manage their life. Technology has impacted every aspect of our lives and banking is not an exception; it has played a pivotal role in changing the structure and very nature of banking. ......read more

Al Hilal Bank named ‘Best Islamic Financial Institution' in the UAE & Kazakhstan by Global Finance ...…

UAE, June 06, 2015 - Al Hilal Bank has announced that it was named ‘Best Islamic Financial Institution’ in the UAE and in Kazakhstan at Global Finance magazine’s 8th Annual Awards for the World’s Best Islamic Financial Institutions. The recognition affirms Al Hilal’s exceptional ability to ensure safety and security for its customers while developing new and ......read more

Islamic Finance: The Largest International Islamic Economic Gathering Takes Place Next Week in ...…

Africa Witnesses the Largest International Islamic Economic Gathering Next Week  The 40th Annual Meeting of the Board of Governors of the Islamic Development Bank Takes Place in Maputo MAPUTO, Mozambique, June 6, 2015 -- Dr Ahmad Mohamed Ali, President of the Islamic Development Bank Group (http://www.isdb.org), has stated that preparations are in full swing at the IDB Group for ......read more

Investment in M.E. offshore projects buoyant despite lower oil prices…

Middle East region bucks international trend with 14% increased E&P spend - Offshore Marine & Work Boats event to evaluate impact of lower oil prices on maritime industry   3 June 2015: Seatrade Offshore Marine & Workboats Middle East 2015 - the region’s leading event for the workboat and offshore marine industries - marks its return to the Abu Dhabi National ......read more

Doha Bank CEO honoured with Lifetime Achievement Award At Banker Middle East Awards…

Dubai, May 31, 2015: The Banker Middle East Industry Awards 2015 Ceremony was held at Jumeirah Emirates Towers Hotel, Dubai on 27th May 2015. Dr. R. Seetharaman, CEO of Doha Bank was conferred with the Lifetime Achievement Award for his contribution to the industry not only as the leader of one of the middle East’s most dynamic banks but for his personal contribution to the greater ......read more

Rockwell Automation highlights PlantPAx: Integrated Control and Information, Delivered through The ...…

The company displayed world-class distributed control system (DCS) combined with plant-wide control technologies and unmatched scalability of Rockwell Automation Integrated Architecture® Abu Dhabi, UAE – 2nd June 2015 – The 3rd ISA Automation Conference & Exhibition 2015 dedicated for process automation in the Middle East successfully concluded at the St.Regis Hotel in Abu ......read more

“aafaq Islamic Finance” signs strategic MoU with University of Bolton's Centre for Islamic Finance…

UAE, June 2, 2015 - Institute of Finance & Management subsidiary of aafaq Islamic Finance, a leading provider of Islamic finance products and services in the UAE, has recently signed a Memorandum of Understanding (MoU) with the University of Bolton’s Centre for Islamic Finance, an initiative designed to facilitate research and promote the understanding of Islamic Finance through ......read more

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