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
Doha, Qatar – 15 October 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of its October’s draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Nouf Ibrahim Al-Sada and Haytham Mohammed Al-Ahmed each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Noora Mohammed Al-Naimi, and Khalid Jumah Al-Marzouqi, respectively. 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 Qatar Riyals, a first for ......read more
Doha, 15 October, 2018: Oman Qatar Insurance Company (OQIC), a premier insurance company in Oman and a subsidiary of Qatar Insurance Group recently held a grand opening ceremony for its corporate office and retail branches. Held at the Grand Hyatt in Muscat, the opening ceremony witnessed the presence of many dignitaries and government officials, including the Board of directors, industry experts, prominent business leaders, associates and partners, and OQIC employees.
During the opening ceremony HE Khalaf Ahmed Al Mannai, Chairman of Oman Qatar Insurance Company unveiled the new headquarters in the presence of HE Sheikh Khalid bin Omar Al Marhoon Honorable Minister of Civil Services and other excellencies, including HE Abdullah bin Salim Al Salmi Executive President of the Capital Market Authority, HE Ali bin Fahad Al ......read more
In collaboration with Qatar Chamber, NAMA Center and the Ministry of Administrative Development Labor & Social Affairs
Doha, Qatar, 14 October 2018 - Under the patronage of Her Excellency Sheikha Al Mayassa bint Hamad bin Khalifa Al Thani, Chairperson of Qatar Museums, Qatar Development Bank (QDB), in collaboration with Qatar Chamber, NAMA Center and the Ministry of Administrative Development Labor & Social Affairs flagged off the 2nd edition of the “Made at Home” Exhibition on October 14, 2018. The seven-day event is being hosted at the Doha Exhibition and Convention Center, and it was inaugurated by HE Dr. Issa bin Saad Al Jafali Al Nuaimi, Minister of Administrative Development, Labor and Social Affairs.
This exhibition offers home-based businesses a unique opportunity to display and sell their ......read more
In order to facilitate the submission process and transforming it into an integrated electronic system… 30 days for submission and will be treated equally regardless of the date of submission
Doha- 10 October, 2018 – Qatar Development Bank (QDB), in its continued quest to support the growth and competitiveness of the business sector in the state, announced the registration for Al Furjan markets phase I raffle draw to award retail space, starting October 21, 2018. The registration process will last for 30 days, and the bank is inviting all Qatari citizens to apply through Al Furjan mobile application to supervise the governance of the raffle process and to ensure total compliance and transparency.
The path breaking plan was announced yesterday, on Tuesday October 9, during a press conference, held ......read more
Doha, Qatar, October 09, 2018: Qatar Insurance Group, the leading insurer in the MENA region has launched an in-house development programme, namely, the QIC Learning Academy. The first session “Phase One”, which was conducted recently at QIC Headquarters in West Bay was highly successful and was very well received by the attendees of the session.
QIC Group consistently advocates the development of human capital to build a strong knowledge based economy through support from its Senior Management. In view of this, QIC Group continues to attract, motivate, develop and retain Qatari talent. Pursuant to its consistent efforts at aligning with this goal, QIC Group has not only attracted, but has also groomed young and ambitious Qatari nationals to assume leadership and senior specialist positions within the Group. ......read more
Export Development and Promotion Department ‘TASDEER’ achievements report of Q3 2018
Participating in global events
Hosting trade missions
Doha, Qatar, October 3, 2018: In continuation to its vision of expanding scope of Qatari companies across the globe, Qatar Development Bank’s Export Development and Promotion Department ‘TASDEER’, hosted in recent months several trade missions as well as participated in a number of exhibitions in lucrative parts of the globe. Through its activities, TASDEER aims to promote exports from Qatar and enhance the expanse of Qatari SMEs at global platforms.
With an aim to support Qatar National Vision 2030 and enhance the growth potential of Qatari SMEs, Qatar Development Bank (QDB) took part in Columbia ......read more
Marking the culmination of 5 previous draws leading to the win of 25 customers
Doha, Qatar, 2 October, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the grand prize winner of Salary Transfer promotional campaign, at the Bank’s headquarters. The final draw was held under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce. The winner was Mr. Mohammad Raja Aljaowni who drove home a brand-new Lexus LX 570; a grand win that marked the culmination of 5 previous draws that were held during the campaign’s period and led to the win of 25 customers - 5 customers per draw - with cash prizes of QR 20,000 each.
Barwa Bank’s Salary Transfer promotional campaign, ......read more
Doha, Qatar, 26 September, 2018: The Official Spokesperson of Qatar Insurance Group Mr. Abdulla Al Mulla announced that the Board of Directors of Qatar Insurance Company during their meeting yesterday have approved the establishment of a Limited Liability Company (LLC) in accordance with the rules set out by the Qatar Financial Centre (QFC).
The new company will be established with an initial capital of QAR 1,800,000 (One million eight hundred thousand Qatari Riyals). The new company will be named Epicure Investment Management or any other name that is approved by the Qatar Financial Markets Authority (QFMA). The new company will carry out investment business consultation.
Doha, September 19, 2018 : Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, in recognition of its relentless efforts over years to adapt to market challenges while introducing new products and services, has won the ‘Best Bank in Productivity’ Award at the New Age Banking Awards 2018.
The award to al khaliji Commercial was presented in ceremony held at InterContinental Doha – The City West Bay on September 18, 2018. The New Age Banking Awards 2018 was supported by Qatar Central Bank (QCB) and Qatar Financial Centre Regulatory Authority (QFCRA).
On receiving the award, Ms. Rana Al Asaad, Head of Personal Banking al khaliji Bank, said:
“We are honored to receive this prestigious award. It has always been our endeavor to reach that extra mile in satisfying our ......read more
Doha, Sept 19, 2018: Oman Qatar Insurance Company (OQIC), a subsidiary of Qatar Insurance Group and a premier insurer in Oman has been awarded the best performing company in Small Cap (below OMR 25 million) category in Oman. The prestigious award was announced by Alam al-Iktisaad Wal A’mal (AIWA) Award 2017, which is published by United Media Services, the leading Arabic business magazine in the Sultanate of Oman.
The criteria for the nomination of the award were based on various parameters such as business growth, performance, profits etc. for the year 2017. The ranking for the award was performed by Gulf Baader Capital Markets and the results of the listed companies (on Muscat Securities Market - MSM) were validated by KPMG.
Established in 2004, Oman Qatar Insurance Company (OQIC) currently has ten ......read more
Doha, Qatar, September 16, 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, Wasmiya Dalhem Al-Kuwari and Madhuri Jalan each won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients:
Maher Almokhtar Rouhdu, Abdulla Turki Al-Subaey, Aysha Essa Al-Sulaiti, Abdulla Ali Al-Kuwari, Hamad Ali Al-Kaabi, Abdulla Mohammed Al-Hamadi, Aljori Yousef Al-Jaber, Obaidullah Muhammad, Zaid Said Hamto, Iqbal Abdul Bari, Bassel Zeini, Georges Nader, Mohammad Mustafa Wais, Faisal Ali Al-Anssari, Tameem Adel Al-Joof, Ghazi Yagoub ......read more
Doha, Qatar, September 16, 2018: First Finance Company (FFC), a subsidiary of Barwa Bank Group, is pleased to announce the opening of its new branch located at “Mawater City”, Area 1, opposite Aqua Park, Building number 5, the objective of this branch is to facilitate car purchases and easy access of finance for individuals. Aimed to be a one-stop-shop, this branch would assist ease to customers in buying and financing for cars.
Based on the premise of care, simplicity, and flexibility, it will help simplify procedures and offer flexible credit conditions. Instant approval would be offered to customers opting for the services. Apart from this, other associated advantages include zero down payment (for Qataris); installments up to 72 months (for Qataris); installments up to 48 months (for expats); up ......read more
Doha, Qatar, 10 September 2018: In line with the State’s interest in developing the role of the private sector and its contribution to the Gross Domestic Product (GDP), particularly the Small and Medium-sized Enterprises (SME) sector, Qatar Development Bank (QDB) continues its efforts to develop this sector alongside other relevant entities. Among these efforts is understanding and acknowledging the evolution of entrepreneurship in Qatar to explore the challenges facing entrepreneurs, their characteristics, and their motivations to establish their businesses, as well as other factors that benefit policy makers.
In its continuous quest to support the growth of Qatari economy by way of enhancing SMEs’ performance, QDB takes immense pleasure in launching the Global Entrepreneurship Monitor (GEM) report ......read more
Doha, September 10, 2018: Qatar Re, a global multi-line reinsurer and a reinsurance subsidiary of Qatar Insurance Group has been ranked 27th amongst top fifty global reinsurers by international credit rating agency, A.M. Best. The new assigned ranking affirms Qatar Re’s very strong capital base and well diversified portfolio, which is coupled with global business diversification, serving global reinsurance markets.
Qatar Re’s new ranking was assigned on the basis of unaffiliated Gross Written Premium (GWP) in 2017. Besides having a strong track record of operational performance and robust underwriting, the reinsurer also wrote non-life reinsurance business worth QAR 1,626 million in 2017.
Licensed as a Class 4 reinsurer by the Bermuda Monetary Authority (BMA), Qatar Re is headquartered in Bermuda. ......read more
Doha, September 4, 2018: 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, for the second consecutive time won “Al Dhameen Best Customer Satisfaction Award” for 2018 by Qatar Development Bank (QDB).
al khaliji claimed the coveted title following its short-listing for the award, along with other high profile financial institutions, during a gala dinner ceremony that was recently held at Rotana City Center Hotel, in the presence of the Governor of Qatar Central Bank HE Sheikh Abdulla Bin Saoud Al-Thani, QDB Executive Director of Business Finance Mr. Khalid Abdulla Al Mana, Al Dhameen Manager Ms. Jawaher Humaid Al Noaimi and VIP ......read more
Doha, Qatar, 4 September 2018: Qatar Development Bank (QDB) takes pride in announcing the “Best Partner Bank Award” for supporting small and medium-sized enterprises (SMEs) through Al Dhameen Program. These awards recognize the contributions of participating banks that have supported the development organization’s Al Dhameen indirect loan facility program. This is one of the most successful initiatives by QDB to assist SMEs of Qatar and offer them the much needed support to grow further in their endeavors. The ceremony was held yesterday at City Centre Rotana Doha Hotel. The awards ceremony was graced by HE Sheikh Abdullah bin Saud al-Thani, Governor of Qatar Central Bank (QCB) and chairman of Qatar Development Bank (QDB), as well as the executive leadership and top management of participating banks, in ......read more
DOHA, Qatar, 04 September 2018: Following the overwhelming success of its previous Kawader runs and the graduation of the fifth cohort of ‘Kawader’ participants earlier this year, Qatar Finance and Business Academy (QFBA) in association with the Qatar Financial Center (QFC) Authority, launched the new cohort for its Kawader program which kicked off on September 2nd and is likely to conclude in December 2018.
Kawader program includes Financial Services relevant training based on global standards, which come as a result of the financial industry efforts to invest in the next generation of leaders in the Qatari Financial Sector.
The program is designed to train fresh Qatari graduates and young Qatari professionals in the early stage of their career towards accredited certifications to ......read more
Qatar, August 28, 2018: Barwa Bank and International Bank of Qatar (ibq) have announced that they have signed a final agreement regarding the merger of the two banks to create a leading Sharia compliant financial institution with a solid financial position and robust liquidity to support Qatar’s economic growth and finance development initiatives in line with Qatar National Vision 2030.
According to this merger agreement, the two banks will work to complete the necessary steps to consummate the merger, obtain the required approvals from the regulatory authorities and obtain shareholders’ approvals before the end of 2018. The two entities will be consolidated and operate as one bank subsequent to their respective general assemblies and the adoption of their final financial results for the fiscal year ending in ......read more
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
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
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
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
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
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
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
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
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
Oman, June 01, 2015 - Drake & Scull International PJSC (DSI), a regional market leader in the integrated design, engineering and construction disciplines of General Contracting, Mechanical, Electrical and Plumbing (MEP), Water and Power, Rail, and Oil and Gas, and wastewater treatment, has announced that Drake & Scull Engineering Oman, a subsidiary of Drake & Scull Engineering, has ......read more
Abu Dhabi- May 31, 2015– Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, received dual recognition at the Banker Middle East Awards yesterday when its flagship GC Credit Opportunities Fund I was voted as the “Best SME Credit Fund” in MENA and when the firm received the “Best Private Equity Firm” accolade for the 5th ......read more
This is the 3rd straight year that Doha Bank has won the prestigious industry accolade
Dubai, May 31, 2015: Doha Bank has been named - for the third year in a row - the “Best Regional Commercial Bank” at The Banker Middle East Industry Awards, considered the most important recognition of financial excellence in the Middle East.
The Banker Middle East Industry Awards 2015 were ......read more
UAE, May 12, 2015- REACT, an international not-for-profit cooperative association fighting the trade in counterfeit goods, has named the Arabian Anti-Piracy Alliance (AAA) as its strategic partner in the GCC in the efforts to combat piracy and the proliferation of counterfeit products. The AAA was selected by REACT for its contributions and extreme dedication in curbing piracy in the Middle East ......read more
Qatar’s leading private bank recognized for its outstanding achievement in environmental stewardship
Dubai, May 11, 2015: After bagging a record number of awards and recognitions in 2014, including two prestigious awards for excellence in environmental and social responsibility, Doha Bank added yet another triumph to its growing list of accolades when it won the “Environmental ......read more
Dubai May 10 2015: Infinia Services & Solutions, a UAE based loyalty and payment solutions’ company, has expanded its pioneering redemption and rewards program in association with Commercial Bank of Qatar for its CBQ Rewards Program, triggering an upscale in the Qatar loyalty market.
Infinia’s newly launched instant POS redemption provides state-of-the-art, smart redemption ......read more
Doha, 7th May 2015: DHL Express Qatar recently staged the third edition of its company-wide physical and mental health and wellness initiative called ‘Health Week’ in line with the overall regional program of DHL Express, the world’s largest express network, aimed at promoting healthy living among its employees.
The one-week event in Doha saw hundreds of staff members ......read more
Q1 2015 MENA M&A deal value increases by 9% compared to Q1 2014
69% of MENA executives expect the deal market to remain stable in 2015 according to EY’s Capital Confidence Barometer
Dubai, 05 May 2015: Announced deal value in MENA increased from US$8.2b in Q1 2014 to US$8.9b in Q1 2015, an increase of 9%, according to EY’s Q1 MENA M&A Update. In Q1 2015, 90 deals ......read more
UAE, May 5, 2015 - Revenues from Brazilian exports to Arab countries accelerated for the first time this year in March 2015, demonstrating thriving mutual trade relations. The latest statistics released by Brazil’s Ministry of Development, Industry and Foreign Trade and compiled by the Arab-Brazilian Chamber of Commerce show that Brazil exported USD 1.036 billion worth of products to the ......read more
Donated sum will be used to purchase medical equipment - resulting in improved quality of healthcare for people with special needs
Dubai, May 04, 2015: As part of its Corporate Social Responsibility (CSR) initiatives and its ongoing support of humanitarian causes, Doha Bank recently offered financial support to the Qatar Society for Rehabilitation of Special Needs for purchase of medical ......read more
Alfardan Group has announced a donation of QAR 300,000 to the Qatar Red Crescent Society to help the citizens of Yemen. Mr Wael Jamal, Head of Corporate HR, Alfardan Group handed the donation to Mr Saed Shaeen Al Kaabi, Head of Resource Mobilization, Qatar Red Crescent Society; in a private ceremony held recently at Alfardan Towers.
The Qatar Red Crescent Society will use the donated amount to ......read more
2 May 2015 : MSE DOHA 2015, PROJECT QATAR US$1.20 b total bilateral trade between Malaysia and Qatar In 2014
Continuing bringing competitive excellence to the promising State of Qatar, Malaysia External Trade Development Corporation (MATRADE), the national trade promotion agency of Malaysia is organising its flagship of Malaysia Services Exhibition (MSE) which will be held in conjunction with ......read more
Dubai, May 2, 2015: Doha Bank, one of the largest commercial bank in the State of Qatar, held the inauguration ceremony of its Indian operations on Wednesday, 29 April 2015 in Mumbai. Doha Bank is the first Qatari Bank to establish its full scale banking operations in India.
The inauguration ceremony was well attended by several high-profile dignitaries including H.E. Ali Sharif Al Emadi, the ......read more
Doha, April 23, 2015: Doha Bank, the leading private commercial bank in Qatar, has announced the re-launch of its next-generation e-commerce hub, Doha Sooq. Qatar’s first e-mall welcomes visitors to a brand new, state-of-the-art online shopping experience. This unique initiative continues to demonstrate Doha Bank’s leadership in progressing digital payments in the country.
The ......read more
April 14, 2015: Alfardan Properties, Qatar’s leading luxury lifestyle solution developer, emphasized the crucial role of ‘smart living’ solutions in the country’s bid to attain sustainable economic growth during its participation at the high-profile 4th Arab Future Cities Summit Qatar, at the Ritz-Carlton in Doha. Mohamed Sleiman, General Manager of Alfardan Properties, ......read more
• Bank wins top 6 awards in total from Global Banking & Finance Review Awards
• Bank sets precedent for Everyday banking in the region
• imashreq rewarded as the most innovative global banking initiative
United Arab Emirates, Dubai, 9th April 2015: Mashreq, a leading financial institution in the UAE, was named the Best ......read more
- Overall average Sales Density of USD 530 sq/ft and 40% increase from last year -
Celebrating its Second Anniversary, Ezdan Mall organizes a Gala Dinner for its stakeholders. The mall Gala Dinner will have an award ceremony : “Ezdan Mall Retail Excellence Awards 2014”.
The award will be given to the top performing brands, based on retailers’ sales density mainly, ......read more
Dubai, 06 April 2015 - Henley & Partners announces an innovative partnership with the United Nations High Commissioner for Refugees (UNHCR) and donates more than USD 1 million to help the global refugee cause.
Henley & Partners, the global leaders in residence and citizenship planning for wealthy individuals and families, has announced the creation of an innovative partnership with the ......read more
Dubai, April 05, 2015: “Private sector can play a key role in Qatar’s non-hydrocarbon diversification”, said Dr. R. Seetharaman, Group CEO, Doha Bank, at a knowledge sharing session on “Opportunities in Qatar and GCC”. The session was hosted by Doha Bank at Mandarin Oriental Tokyo, Tokyo on April 03, 2015. The key dignitaries who participated in the event include ......read more
Positive market development is raising the levels for all
A recent study by The Boston Consulting Group shows that Middle East banking revenues continued to grow and reach double-digit rates in 2014 with a 10 percent increase, while profits rose by 14.7 percent. Increases in operating costs exceeded revenue growth by 10.7 percent. At an aggregate level, provisions for bad loans decreased by ......read more
Sharia-compliant assets in the UAE crossed the US$100b milestone for the first time
UAE Islamic banking industry was estimated to be worth US$127b in 2014
DUBAI, 29 MARCH 2015: The UAE is en route to achieve US$263b of Sharia-compliant assets by 2019 according to EY’s World Islamic Banking Competitiveness (WIBC) report. The industry was estimated to be worth US$127b in 2014, thus ......read more
UAE, March 18, 2015 - Drake & Scull Rail (DSR) is highly optimistic about its prospects of securing contracts on the major rail and urban transport projects underway in the region. The company has refined its manpower and technologies and is well equipped to assume leadership role in the development of the regional rail and metro networks.
Speaking on the sidelines of the company’s ......read more
Qatar, March 15, 2015: In a step that reinforces its commitment to expanding its footprint within Qatar, AXA Insurance Gulf – one of the largest and the leading non-life international insurers in the region – has announced the opening of its first AXA Shop in the country.
The AXA Shop, situated on the Ground level of Qatar City Centre, marks the grand entry of AXA in Qatar. AXA ......read more
Qatar’s first ever open-air airconditioned commercial plaza
Galeries Lafayette as anchor tenant, Middle East’s first ever evian®SPA and a dedicated Children’s Mall to be part of the project, which will open doors in 2016.
8th March 2015 | Doha | The Ali Bin Ali Group unveiled its plans to run “Katara Plaza” project, which will open its doors in 2016. The ......read more