Doha, Qatar, August 13, 2018: Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Khaola Saad Al-Tairey and Bashaer Ameer Al-Mulla each won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients:
Noora Mohammed Al-Baker, Hamad Aqeel Al-Shammari, Babiker Ali, Iqbal Ahmed Abdul Bari, Hessa Ibrahim Al-Hammadi, Khulood Esmaeil Mahmoudi, Hamad Ali Al-Marri, Aida Maath Abid, Abdulqawi Awad Al-Yafei, Adel Alawi Al-Sanabani, Ali Al-Kubaisi, Fatma Aly, Jamal Mohammed Al-Baker, Abdelaziz Soltan, Turki Mansour Al-Qahtani, Mohamad ......read more
Doha, Qatar, August 8, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the final list of Mastercard Weekend offer winners, at the Bank’s headquarters. The winners were chosen based on the highest number of transactions during the weekends.
The winners announced by Barwa Bank are: Mohamed Shawara, Mir Afroze Ali, Moeed Ahmed, Mohamed Janahi, Kamel Lafi, Ayesha Banu, Abdulla Jassim Al-Malki, Yousef Al-Jassim, Ateeq Khalid and Ali Al-Rumaihi. Each winner took home a travel voucher worth QAR 5,000. In addition to the prize, they earned loyalty points from Barwa Bank with every purchase using Mastercard. These points would be redeemable with Qatar Airways Privilege Club, Nojoom and other leading merchants across Qatar.
The offer was valid for ......read more
Doha, Qatar, 07 August, 2018: As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance Group, the leading insurer in Qatar and the MENA region have collaborated with Dreama to provide sponsorship for quality housing refurbishment for orphans.
QIC Group has long focused on engaging in multiple CSR collaborations that make significant developments in the fields of human and social development. Evolving with the trends that underpin the changing CSR landscape in Qatar, QIC Group has been involved in various activities that contribute to the advancement of the society, including cultural, social and human values that create scalable impact.
Today CSR is considered an integral pillar for achieving sustainable development; not only in business, but ......read more
Qatar, July 31, 2018: Burgan Bank, one of the leading banks in talent and career development, announced its one-year sponsorship of leading knowledge transfer platform - Knowledge Club’s Season 2 workshops and seminars as part of its ongoing strategy to enhance its human capital capabilities through world-class training, strategic partnerships and supportive resources.
The agreement was signed with Vigor Events: the founder of the “Knowledge Club” and a first-class education and training provider in the Middle East and North Africa region. The “Knowledge Club,” running for the 6th year, provides top companies and individual professionals an exceptional training and development experience. The comprehensive program will hold seminars, conferences, and experiential learning workshops ......read more
QIC reports 91% of the full year 2017 profits in H1 2018
Improved underwriting performance reflects portfolio shift to lower volatility business
Doha, 25 July 2018 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results approved by the board for the first half of 2018.
In H1 2018 QIC Group recorded growth in Gross Written Premium (GWP) of 5% to QAR 6.6 billion. This performance reflects the steady and systematic expansion of QIC Group’s international operations, which has further expanded in select low volatility classes.
The MENA markets continued to generate stable premiums and underwriting profitability, weathering unabated geopolitical headwinds. Against this backdrop, the Group reported profits to the tune ......read more
Doha, Qatar – July 22, 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced Mr. Abdulrahman Saad Al-Kuwari as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Thara’a offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari riyals, a first for Islamic banks in Qatar. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Totalling 3,300,000 Qatari riyals, Thara’a cash rewards are distributed on both a monthly and biannual basis to customers holding a minimum balance of 10,000 ......read more
Net profit of QAR 335 million, an increase of 5% year on year
Increased Operating Income to QAR 617 million
Operating expenses were QAR 166 million, 3% lower compared to H1, 2017
Deposit growth of 3% to QAR 33 billion
Doha, July 19, 2018: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the first six months of 2018, reporting a Net Profit of QAR 335 million. This was driven by growing operating income, effective cost management leading to lower operating expenses.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:
al khaliji continues to achieve robust profit due to the added momentum of our Qatar-centric medium term strategy. Our prudent risk management practices coupled with strong capital position have ......read more
Doha, Qatar, July 18, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the fourth draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters.
The draw was held on July 5th, 2018 and five winners took home a QAR 20,000 cash price each: Nasr Merghani Mohamed, Mohamed Hedi Karmous, Juma Hamed Alsaadi, Khalifa Hamad AL- Subaey and Ahmed Isam Ahmed.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank had launched its Salary Transfer promotional campaign offering customers a chance to win cash and other rewards that sum up to QAR 1 million. Customers opening new salary accounts ......read more
As part of supporting small and medium enterprises
Doha, Qatar, 17, July 2018: Qatar Development Bank (QDB) organized a workshop on national strategy for business incubators and business accelerators, which was attended by representatives from concerned authorities responsible for entrepreneurship and development of small and medium enterprises in Qatar.
During the workshop, the main challenges facing Qatari entrepreneurs were discussed, furthermore, appropriate solutions were developed and opportunities to support emerging projects by establishing a foothold in local, regional and global markets were explored.
This strategy is the first of its kind in Qatar and in the Arab countries. It aims at nurturing business startup companies which help develop the business sector and young established companies who have ......read more
By the World Union for Arab Bankers
Doha, Qatar – 12, July 2018 – Barwa bank, Qatar's most progressive Shari’ah compliant service provider, has been awarded for its ‘Excellence in Diversified Islamic Services and Products in Qatar’ at ‘The Arab Banks Awards & Commendations of Excellence 2018’, which was recently organized by the World Union for Arab Bankers (WUAB) in Beirut, a grand ceremony attended by an elite group of regional financial and banking leaders, industry experts and VIP guests.
Commenting on winning, Barwa Bank stated:
“Being recognized by an important regional institution, such as the World Union of Arab Bankers, proves Barwa Bank’s commitment to providing a diverse range of the latest Sharia’h-compliant products within the best ......read more
Doha, Qatar, 11 July 2018, (AETOSWire): QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the six months period ended 30 June 2018.
For the first half of 2018, Net Profit reached QAR7.1 billion (USD1.9 billion), up by 7% compared to last year. Total assets increased by 10% from June 2017 to reach QAR846 billion (USD232 billion), the highest ever achieved by the Group.
The key driver of total assets growth was from loans and advances which grew by 9% to reach QAR604 billion (USD166 billion). This was mainly funded by customer deposits which increased by 9% to reach QAR614 billion (USD169 billion) from June 2017. This helped to maintain QNB Group’s loans to deposits ratio at 98.4% as at 30 June 2018.
The Group’s drive for operational ......read more
Doha, Qatar – July 9, 2018 : Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, has been named as the ‘The Best Commercial Bank in Qatar’ at the 2018 Arab Banks Awards & Commendations of Excellence, organized by the World Union of Arab Bankers (WUAB) and hosted by The Banking Executive magazine.
Al khaliji’s win – which took place during a Gala Dinner ceremony recently held in Beirut in the presence of a host of elite Bankers and International figures – is a recognition of the highest standards of innovation, performance and exceptional service quality of al khaliji.
WUAB is a prominent non-profit Arab Forum that serves as an ideal platform for communication, networking, and information sharing, gathering under its umbrella today the ......read more
Qatar, July 08, 2018: Small and medium-sized enterprises (SMEs) could be set for a much more prominent role in Qatar, with the government stepping up efforts to collaborate with local companies as part of broader diversification plans.
Local SMEs were presented with a series of potential business opportunities at the third annual Government Procurement and Contracting Conference & Exhibition (Moushtarayat), held in Doha from April 23-25.
Coordinated by the Public Works Authority, Ministry of Finance and Qatar Development Bank (QDB), the event brought together small companies, large firms and government agencies, allowing the public and private sectors to interact while also providing a platform for state entities to showcase projects open for tender or direct assignment.
Moushtarayat 2018 saw more than 2000 ......read more
Private-sector growth and the development of new sectors will be the focus of Oxford Business Group’s upcoming publication, ‘The Report: Qatar 2019’.
Doha, June 11, 2018: Private-sector growth and new government initiatives to support long-term economic diversification and sustainability will be the focus of the global research, publishing and consultancy firm Oxford Business Group’s upcoming economic report on the country, ‘The Report: Qatar 2019’.
New developments in Qatar’s economy, including measures to support non-hydrocarbon growth and priority industries including agriculture, manufacturing and defence, will be explored in OBG’s economic analysis. ‘The Report: Qatar 2019’ will provide in-depth coverage of the country’s diversification ......read more
Doha, Qatar – June 09, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the third draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters. The draw was held on June 5th, 2018 and five winners took home a QAR 20,000 cash price each: Mohammed Abdullah Hashem, Mohammed Abdulaziz Farooq, Jaber Rashid AL-Sennari, Dolsicima Ucag Biason and Krishna Chandran Nair.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank had launched its Salary Transfer promotional campaign offering customers a chance to win cash and other rewards that sum up to QAR 1 million.
Customers opening new salary ......read more
Doha, 5 June 2018: Qatar Development Bank (QDB), through its export development agency 'Tasdeer', participated in NPE2018, the world’s largest and most prominent plastics trade show and conference in the Western Hemisphere. NPE2018 took place from May 7th till May 11th in Orlando Florida, USA, and saw participation from 11 Qatari companies in the plastic industry as part of Qatar Development Bank’s special pavilion. The Bank’s participation in this international conference stems from the their mission to strengthen and diversify Qatar’s private sector with a focus on developing SMEs’ competitive edge and export services in global markets.
The Qatari participants under the Bank’s special pavilion included: Bu Matar Germany Factory for Plastic Products, Doha Plastic, Qatar ......read more
In line with its continuous endeavor to enhance corporate customers experience and efficiency
Doha – Qatar –June 4, 2018: In line with its continuous efforts to provide innovative services to its corporate customers in Qatar, Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has launched its Corporate ATM at its main branch.
Barwa Bank's new Corporate ATM service, offering its corporate customers additional features that allow organizations to enhance the efficiency of their day-to-day business flow in the safest and most secure way possible, comes in line with the bank’s commitment to constantly enhance its customers banking experience.
On this occasion, Barwa Bank said in a statement:
“In line with our commitment to providing ......read more
Doha, Qatar – May 30, 2018: Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, has announced the names of two customers who have won a trip to the 2018 FIFA World Cup in Russia.
Barwa Bank joined hands with Visa, the worldwide partner of the 2018 FIFA World Cup Russia™, for the promotional offer that was offered to both existing and new Barwa Bank Visa card holders. For every QAR 100 spent using Barwa Bank Gold and Platinum VISA cards, customers stood a chance to win two tickets to the CAT 1 match of the long-awaited football tournament scheduled to take place from 14th June 2018 to 15th July 2018.
The winners, Ismaeel Ayodele Balogun and Mohamed Khiar Haimuor have been granted two tickets each along with a fully paid package to fly to Russia and attend the ......read more
Doha, 27 May 2018: As part of its continuous support for home-based businesses, Qatar Development Bank (QDB) has launched the 3rd edition of “Ramadan Bazaar Markets 2018” in cooperation with Bedaya Center and Qatar Business Incubation Center (QBIC), during a ribbon cutting ceremony held on Saturday 26 May at The Gate Mall, in the framework of the bank’s Home-based Business National Program (HBBNP) for developing Home-based businesses which was launched in 2015 to support this sector, and in return these business will contribute effectively to the local economy.
The “Ramadan Baazar Markets” was inaugurated by Mr. Ibrahim Al Mannai, Executive Director of Advisory Services and Incubations at Qatar Development Bank, Mr. Abdulsalam Abu Issa, CEO of Salam International, and Mrs. Aysha Al Mudahka, QBIC ......read more
Doha, Qatar, May 23, 2018: Qatar Development Bank (QDB), in its ongoing endeavor to provide all means of support to help the food and beverages SMEs spread their wings in the global markets, through its export development agency 'Tasdeer', participated in Food and Hotel Asia (FHA) 2018, which was held from April 24-27, 2018 at Singapore Expo and Suntec Singapore.
Hosting a special Qatar pavilion, it offered a poised platform to SMEs to showcase their products and services and gain better business ties. FoodAsia, the largest food industry event in Asia-Pacific region, has a proven ability to attract the right profile and quality trade visitors from across Asia.
The list of participating companies included Qatar Meat Production Co, Global Farm for Agriculture, Agrico Organic Farms, Gulf Water Plant, ......read more
Doha, Qatar –May 21, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, launches MasterCard Weekend offer for its existing Barwa Bank Mastercard holders.
During the holy month of Ramadan, Barwa Bank offers its customers a chance to win exciting rewards when they make transactions using their MasterCard credit card during the weekends. The offer is valid till July 21, 2018.
The winner will be chosen based on the highest number of transactions during the weekend, starting Thursday morning till Saturday midnight. 10 winners stand a chance to win a travel voucher worth QAR 5,000 each. In addition, the customers would earn loyalty points with every purchase. These points would be redeemable with Qatar Airways Privilege Club, Nojoom and other leading ......read more
Doha, Qatar, May 19, 2018: In line with the Qatar National Vision 2030 towards developing human capital and as part of its mission, Qatar Finance and Business Academy (QFBA) in collaboration with the CFA Society Doha organized a free CFA information session on Tuesday May 8, in order to create an awareness for finance professionals on the importance of being certified in a fast moving world and give participants an idea as to what they can expect from taking this course at QFBA. Participants from different sectors in Qatar such as Georgetown University, Qatar National Bank (QNB), Shell Qatar and KPMG in Qatar, have joined the session.
QFBA, in collaboration with CFA Society, are successfully implementing programs that work towards creating a knowledge-based economy.
Commenting on the occasion, Dr. Mohammed Abdullah Al ......read more
Doha, Qatar – May 17, 2018 – Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, has announced a slew of customers centric campaigns and initiatives for the holy month of Ramadan.
In one of the initiatives, the Bank has launched Mastercard Weekend offer for its existing Barwa Bank Mastercard holders. The move has been taken in order to encourage the credit card holders to spend more using their cards during the weekends. This offer is valid till July 21, 2018.
The winner will be chosen based on the highest number of transactions during the weekend, starting Thursday morning till Saturday midnight. 10 lucky winners stand a chance to win a travel voucher of QAR 5,000 each. Additionally, the customers would also earn loyalty points with every purchase. These points would be ......read more
Doha, Qatar – 13 May 2018 – Barwa Bank, Qatar's most progressive Shari’ah compliant financial service provider, announced the names of the most recent round of draw winners for Thara’a, its Shari’ah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Randa Abumaali and Lamiaa Gomaa Allak each won a cash prize of QR 10,000. Also, a cash prize worth QR 5,000 was awarded to the following bank clients; Mohammad Syed Mohammad, Hussain Sultan Al-Jaber, Mohamed Mohamed Hussain, Basma Ali, Abdulla Saad Marafi, Farideh Esmaeil Nowdaz, Iman Ghommidh, Aydeh Almaridi, Oamar Ahmed Al-Mulla, Abdulla Hamad Al-Mohannadi, Jumah Idrees Al-Fadel, Shayah Mohd Al-Hamli, Yousuf Ali Almohannadi, Nasser Ebrahim Al-Emadi, Ali Mohd Al-Ghaffari, Shawqi A.Aziz ......read more
Doha, Qatar – May 07, 2018: Barwa Bank, Qatar’s most progressive Shari’ah compliant financial service provider, announced the names of the second draw winners of Salary Transfer promotional campaign, at the Bank’s headquarters. The draw was held on May 6th, 2018 and five winners took home a QAR 20,000 cash price each: Ebrahim Haidar Abdulla, Mohamed Rahma Thulla Shafeeq, Mohammed Rabiah AL-Kuwari, Dayo Aristotle Santos and Saleh Abdulla Ismaeel.
The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Economy and Commerce.
Barwa Bank had launched its Salary Transfer promotional campaign offering customers a chance to win cash and other rewards that sum up to QAR 1 million. Customers ......read more
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
Region’s leading annual industry conference adds new exhibition component to line-up as IT investment by MEA financial community hits US$4.3 billion in 2014; trend set to continue as customers demand faster, simpler, smarter access and products plus 24/7 connectivity
The annual Middle East Retail Banking Forum & Expo returns to Dubai from 6-7 April 2015 for its 10th anniversary ......read more
Dubai, March 8th, 2015: Doha Bank, the leading private commercial bank in Qatar, has announced plans to launch an Exchange Traded Fund (ETF) on Qatar Stock Exchange (QSE) with Amwal LLC and The Group Securities, set to act as Fund Manager and Liquidity Provider respectively. A signing ceremony to mark the appointment of Amwal as Fund Manager and the licencing of the index benchmark from QSE was ......read more
Nation’s online shopping totals USD 200 million in 2014; payment solutions firm BPC to spotlight e-commerce and fraud solutions at upcoming banking tech summit
BPC Banking Technologies, the leading provider of Open System payment solutions, today announced its participation at the 2015 installment of the Banking Tech Levant Summit in Amman, Jordan, over March 2 and 3. This edition of the ......read more
Over 1800 business meetings arranged at this premier MICE & Business travel congress
(Dubai, 1 March 2015) – The 3rd edition of MICE Arabia Congress, which was held on February 22-23, 2015 at the Ritz-Carlton Dubai International Financial Centre (DIFC), was concluded with success as it welcomed more than 300 attendees from some of the leading organisations in the Middle East involved ......read more
UAE, 4 February, 2015 - Brazil continues to cement its bilateral trade relations with Arab countries as reflected in a surge in exports from the region. According to statistics released by the Arab-Brazilian Chamber of Commerce (ABCC), collective exports from the Arab World to Brazil recorded a substantial increase in 2014 to reach a total of USD 11,427 billion. The key products imported from the ......read more
Doha – 01 February 2015 : QNB, “One of the World’s Strongest Banks”, has been confirmed as the most valuable banking brand in The Middle East and Africa according to The Annual Survey carried out by Brand Finance and published by The Banker Magazine, an affiliate to the international acclaimed Financial Times newspaper.
Highlighting the extent of its top ......read more
AXA’s First Shop opens in Qatar City Centre; committed to spread footprint
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 ......read more
Dubai, January 20, 2015: His Excellency Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of the Board of Directors of Doha Bank, the leading private commercial bank in Qatar, announced Doha Bank's financial results for the year 2014. Net profit for the year 2014 recorded an impressive QAR 1,354 million which represents a growth of 3.1 per cent as compared to QAR 1,313 million for the ......read more
Industry to Witness Rapid Growthas Employee Benefits become Determining Factor for Successful Recruitment in Region’s Competitive Business Environment
DUBAI, United Arab Emirates: Insurance and savings penetration will continue to rise in 2015 due to developing regulations and increased awareness about the importance of financial security, according to Nexus Group, the region’s ......read more
Doha – 14 December 2014: The Qatari Businesswomen Association and Interactive Business Network, organizers of the 5th edition of the Qatar International Businesswomen Forum (QIBWF), announced that the 5th Qatar International Businesswomen Forum under the patronage of HH Sheikha Jawaher Bint Hamad bin Suhaim Al Thani, wife of HH Sheikh Tamim bin Hamad bin Khalifa Al Thani, The Emir of Qatar, ......read more
Dubai, December 10, 2014:Doha Bank, the leading private commercial bank in Qatar,recently organized a get together eventexclusively for Bullion related business customers with a unique theme titled “Sailing with Gold”, an exciting traditional dhow cruise journey in Doha Corniche waters on 6th Dec 2014. The event was well attended by the leading jewellers in Qatar.
Addressing at the ......read more
Dubai, December 04, 2014: Doha Bank, the leading private commercial bank in Qatar, has successfully closed a Project Finance deal of KD 25 Million with Kharafi National of Kuwait.
“We are pleased to have the opportunity to finance Kharafi National. Doha Bank is committed to supporting the wider business community in Kuwait. For this reason, we see the potential to further grow our ......read more
01 December 2014 – Doha, Qatar: Barclays was recently crowned ‘Best Private Bank in Qatar’ at the inaugural WealthBriefing GCC Region Awards 2014. One of five firms shortlisted in the category, the triumph is yet another milestone in Barclays’ drive to be recognised as a leading player in the MENA private banking space.
Cedric Lizin, Head of Middle East and North ......read more
Oil and Gas-Producing Nations Likely to Come Under Pressure from Falling Asset Prices; Global Economy Requires Concerted Effort to Resist Stagnation and Resolve Debt Issues
The global economy is being pushed off-track by a rising range of pressures that require concerted action, and oil and gas-exporting nations in particular face new risks, according to global financial leaders ......read more
Dubai, October 16, 2014: Banks should strengthen their fight against financial crime to protect against reputation risks, said Dr. R. Seetharaman, Group CEO, Doha Bank at the fifthUS- MENA Private Sector Dialogue on correspondent banking, which was hosted by the Union of Arab Banks at BNY Mellon, New York on 14th and 15th October 2014. Dr. Seetharaman participated in the session on the topic ......read more
Dubai, October 16, 2014: Banks should strengthen their fight against financial crime to protect against reputation risks, said Dr. R. Seetharaman, Group CEO, Doha Bank at the fifth US- MENA Private Sector Dialogue on correspondent banking, which was hosted by the Union of Arab Banks at BNY Mellon, New York on 14th and 15th October 2014. Dr. Seetharaman participated in the session on the topic ......read more
QNB Group, one of the World’s Strongest Banks and the leading bank in the Middle East and North Africa, announced its results for the nine months ended 30 September 2014.
For the nine months of 2014, Net Profit was QR8.0 billion (USD2.2 billion), up by 12.6% compared to last year.
The Group’s prudent cost control policy and strong revenue generating capability allowed it to ......read more
Dubai, September 07, 2014:Doha Bank, the leading private commercial bank in Qatar, and the Indian Embassy, Doha,co-hosted a business meeting for the “Vibrant Gujarat 2015 Middle East Delegation” held recently at the Doha Bank Auditorium in its Head Quarters, West Bay, Doha.H.E. Mr. Sanjiv Arora, Indian Ambassador, Qatar, accompanied the Indian delegation led by Mr. B. B. Swain, IAS, ......read more
Doha, 6 September, 2014 - QNB, “One of the World’s Strongest Banks” has today announced the acquisition of a 12.5%1 stake (both ordinary and convertible preference shares) in Ecobank Transnational Incorporated. This strategic partnership with a leading pan-African bank is a fundamental step towards QNB’s strategy of being a MEA Icon by 2017.
Ecobank ......read more