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Featured in Banking and Investments
al khaliji takes part in TAWTEEN launch event as the Sponsor

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

al khaliji hosts its 5th Annual Football Tournament

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

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

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

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

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

Barwa Bank launches the new mobile banking application

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

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

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

QIC Board of Directors Meeting

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

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

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

QDB announces the Launches of the 4th edition of its Retirees Entrepreneurship Program “Khutwa”

Doha, Qatar, February 2, 2019: As part of its pursuit to stimulate entrepreneurship in Qatar, Qatar Development Bank (QDB) is pleased to announce the launch of the 4th edition of its Retirees Entrepreneurship Program “Khutwa”. The registration to the program starts on the 3rd of February 2019, while the course starts on the 24th of February for 12 days, followed by special consultation sessions for participants to identify their project ideas and the type of support provided to them.  Khutwa program is aimed to train and develop retirees to learn basic skills of entrepreneurship, through a package of training programs and advisory services to enter the world of entrepreneurship to establish and manage a sustainable successful business. The target audience for this course is Retired Qatari males and females. Upon ......read more

Al Khaliji's Humanoid Robot Noor Introduces Latest Banking Products to HIA Passengers

Doha, January 31, 2019 – Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, introduced its state-of-the-art humanoid robot to Hamad International Airport (HIA) passengers with the aim to inform the public about the bank’s latest offerings, bringing them closer to al khaliji’s innovative banking solutions.  Nicknamed, Noor, the humanoid robot has been interacting with departing passengers at HIA for a period of 2 weeks, acting as an informative pit-stop station updating the public on the current services and products that the bank is offering.  Noor was first introduced and launched at al khaliji’s Um Lekhba branch, in May 2018. Noor has been designed to be genuine day-to-day companion and guide. She is the first humanoid robot capable of recognizing the principal ......read more

Qatar Insurance Group holds blood donation drive

Doha,  Qatar, January 29, 2019:  Qatar Insurance Group - the leading insurer in the MENA recently held a blood donation campaign at QIC Headquarters in West Bay. The campaign was organized in collaboration with Hamad Medical Corporation (HMC) Blood Donation Unit. HMC mobilized its blood donation bus along with its medical unit to assist in the successful completion of the blood donation drive. For QIC Group the blood donation campaign serves as an important Corporate Social Responsibility (CSR) initiative, which creates scalable impact for the society, environment and its people. Like all other businesses, QIC Group considers CSR as a cornerstone for the sustainable development of the society and spares no effort to fulfil its CSR duties. By participating in various social initiatives and environmental engagements, QIC Group ......read more

Qatar Finance and Business Academy announces the launch of its “Generation 2030” program

DOHA, Qatar, 28, January 2019:  In pursuit of offering the best in class financial courses to Qatari executives and new age professionals, Qatar Finance and Business Academy (QFBA), proudly announces the launch of a national development solution for employees who have been on the job for up to three years. Known as ‘Generation 2030”, the program will help professionals master the latest trends and challenges in the financial sector and thereby allow them to further hone their skills. The Training modules will be spread over four to six months, with coaching and mentoring in between. Commenting on the occasion Dr. Khalid Al Horr, Chief Executive Officer, Qatar Finance and Business Academy, said: “The “Generation 2030” program has been launched after identifying the needs within the ......read more

Barwa Bank announces the grand prize winner (QAR 1 million) of Thara'a savings account

January 23, 2019 Dubai, United Arab Emirates:  Barwa Bank has announced Mercy Pabilona 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 Commerce & Industry. Thara’a, Qatar's Shari’ah compliant and the first in Islamic bank’s sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. 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 Qatari Riyals. On a monthly basis, there are 21 ......read more

Al Khaliji Reports a Strong Increase in Net Profit for 2018

Net profit of QAR 608 million, an increase of 10.5% year-on year Net Fee and Commission Income of QAR 189 million, an increase of 4% over last year Operating expenses lower compared to 2017, to QAR 329 million Impairments significantly lower; a decrease of 40% year on year Strong Liquidity position, well above regulatory requirements Doha, Qatar, January 21, 2019:   Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the year ended 31 December 2018 today with a Net Profit of QAR 608 million.   The consolidated financial statements for the year ended 31 December 2018 were approved by the Board of  Directors of al khaliji during its meeting held in Doha on 20 January 2019. The figures are subject to Qatar Central Bank’s approval and ......read more

Barwa Bank announces the grand prize winner (QAR 1 million) of Thara'a savings account

Doha, Qatar – January 21, 2019:  Barwa Bank has announced Mercy Pabilona 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 Commerce & Industry. Thara’a, Qatar's Shari’ah compliant and the first in Islamic bank’s sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. 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 Qatari Riyals. On a monthly basis, there are 21 ......read more

Qatar Insurance sponsors Kahraman Beads Exhibition at Katara

Doha, Qatar, 10, January, 2019:  As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance, the flagship insurer is sponsoring the Katara Exhibition for Kahraman beads. Commencing from 10th January, the first edition of the exclusive exhibition will display rare and expensive beads made of authentic Kahraman (Amber) from around the world.  A first of its kind, the exhibition will bring together traders and collectors of Kahraman beads, along with experts making the beads by hand from natural fossilized resin.  The exhibition will also showcase how Amber beads are measured, perforated and various parameters for quality tests. Commenting on the distinctive sponsorship, Fahad Al Suwaidi, Deputy CEO of QIC Qatar Operations stated, “As the leading ......read more

Qatar Insurance announces promotion of three senior executives

Qatar Insurance announces three senior promotions Qatar Insurance announces leadership roles within the Group Doha, 8 January, 2019:   Qatar Insurance Group recently announced the promotion of three senior executives, Mr. Fahad Al Suwaidi as Deputy CEO of QIC Qatar Operations; Mr. Ahmad M. Zebeib as Deputy CEO of QLM Life & Medical WLL, and Mr. Ahmed Al Jarboey as Senior Vice President of QIC MENA Retail and Motor Claims. The significant promotions form an integral part of Qatar Insurance’s strategic succession plan, Qatarisation and consistent efforts towards the realization of the Qatar National Vision (QNV) 2030. QIC Group has consistently attracted, motivated, developed and retained Qatari talent. Pursuant to its consistent efforts at aligning with this goal, QIC Group has not only attracted, but has ......read more

QIC Insured opens two new kiosks at leading malls in Qatar

As part of its expansion strategy, QIC Insured - the retail division of Qatar Insurance and the leading insurer in the MENA region has recently opened two new kiosks at City Centre Mall and Mall of Qatar. The new kiosks are located near the East Gate at the Mall of Qatar and in the basement of City Centre Mall.The working hours of the new kiosk at City Centre is Saturday-Thursday, 11am-7pm.  The working hours of the new kiosk at the Mall of Qatar are from Saturday-Thursday, 10am-10pm and Friday from 5pm-11pm. Offering an open lay-out and lighting that exudes a modern and receptive look, the new kiosks are well positioned to service the insurance needs of walk-in customers for car insurance, home insurance, travel insurance, personal accident benefit.    Commenting on the recent expansion of QIC Insured network, Mr. ......read more

QIC Group celebrates Qatar National Day

Doha, 18 December, 2018:  Qatar Insurance, the leading insurer in Qatar and the MENA region celebrated Qatar National Day by renewing its commitment towards the realization of the Qatar National Vision (QNV) 2030. To celebrate the spirit of the glorious day, QIC staff donned white and Anabi colors of the Qatari national flag.  Speaking about the significance of the Qatar National Day, Mr. Khalifa Abdulla Turki Al-Subaey  Qatar Insurance Group President & CEO of QIC Group stated, “On this special day, we express our gratitude to His Highness the Amir, Sheikh Tamim bin Hamad Al-Thani for his wise leadership and his guidance. We reflect on our glorious past and map the journey that QIC has accomplished over the past 54 years alongside the growth and development of the nation.” He further mentioned, ......read more

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

Doha, Qatar, 16 December 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, Issa Ali Al-Ansari and Iqbal Ahmed Abdul Bari 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:  Sahar Kamel Zarandah, Mubarakah Saeed Al-Marri, Hally Sanicas, Salem Saeed Al-Khelaifi, Nafja Abdul Rahman Al-Maadeed, Kathy Sok Theng, Amel Mohamed Al-Yafei, Yusra Mohamed Al-Maskri, Fatima Abdul Rahman Al-Mohannadi, Ghanim Nasser Al-Nuaimi, Rashid Hamad Al-Adbah, Mohamed Ahmed Al-Alwi, Khaled Mohammed ......read more

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

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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

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