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Featured in Banking and Investments
Heading: QIC Group honors its employees with long service awards

Doha, Qatar, April 16, 2019:  Qatar Insurance Group, the leading insurance conglomerate in the MENA recently honored its employees with long service award certificates for completing 10, 15, 20, 25 and 30 years of dedicated service at the company. The award ceremony was held at the QIC headquarters in West Bay. The long service award certificates were handed over to the awardees by Mr. Salem Al Mannai, Deputy Group President & CEO of QIC Group in the presence of senior QIC officials. Expressing his gratitude and appreciation during the event, Mr. Salem Al Mannai stated, “At QIC we believe that dedication and collective efforts of our staff play a significant role in achieving QIC Group’s set targets, growth and development of the company and in taking QIC to where it is today. We have always recognized the wide ......read more

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

Doha, Qatar, April 15, 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, Ahmed Fouad Menisy and Mohamed Abdunnaser El-Gamudi each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Hussain Sultan Al-Jaber and Mohamed Yacine Ben Lamnouar. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. Thara’a offers account holders the chance to win monthly cash rewards that sum up to more than 2,000,000 Qatari Riyals, and a grand prize ......read more

HSBC to Open the First Digital Branch in Qatar in Msheireb Downtown Doha

HSBC Msheireb to offer a seamless digital experience reinforcing Msheireb’s status as the world’s SMARTEST and most sustainable city district Msheireb Downtown continues to attract more local and global financial institutions Doha, Qatar, 13 April 2019:  Msheireb Downtown Doha, the smartest and most sustainable fully-built city district in the world and Qatar’s destination for leisure, living and business, will be home to the first HSBC digital branch in the country; HSBC Msheireb. The announcement was made during an agreement signing ceremony between Msheireb Properties, the national real estate developer and a subsidiary of Qatar Foundation, and HSBC Bank Middle East, Qatar, the largest international banking organisation in the country. The event was witnessed by the Lord Mayor of London, Peter ......read more

al khaliji announces the date of its Board of Directors meeting

Qatar, April 06, 2019:  Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 29 April 2019 to approve and disclose the consolidated interim financial statements for the period ended 31 March 2019.  

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QDB kicks off the 4th edition of the Government Procurement and Contracting Conference & Exhibition ‘MOUSHTARAYAT 2019'

With the aim to provide SMEs access to large procurement governmental projects Doha, Qatar, April 01, 2019:   As part of its ongoing efforts to provide a poised platform to grow for Qatari Small and Medium-sized Enterprises (SMEs), Qatar Development Bank (QDB) flagged off the 4th edition of Government Procurement and Contracting Conference & Exhibition ‘MOUSHTARAYAT 2019’ yesterday, Under the patronage of HE Sheikh Abdullah bin Nasser bin Khalifa Al Thani, Prime Minister and Minister of Interior. The 4th edition of MOUSHTARAYAT’ was inaugurated by HE Sheikh Mohammed bin Hamad Al Thani, Deputy Governor of Qatar Central Bank and Vice Chairman of QDB, which is scheduled to take place for three days between March 31 and April 2 at Doha Exhibition & Convention Center, and hosted in collaboration with ......read more

Qatar Development Bank successfully completes the 4th edition of Bank's Retirees Entrepreneurship Program “Khutwa”

Doha, Qatar, March 20, 2019:   In keeping up its momentum of providing immense opportunities to Qatari entrepreneurs, Qatar Development Bank (QDB) successfully hosted the 4th edition of its Retirees Entrepreneurship Program ‘Khutwa’, which was organized in collaboration with the General Retirement and Social Insurance Authority. The event was held on the 14th of March, at Bin Jelmood House at Msheireb Downtown Doha. The program paved the way for retiree entrepreneurs to present their ideas and integrated business plans for their projects that serve the diversity of the national economy and opens up new business horizons. In its current edition, Khutwa program is evidently the culmination of success of its previous editions, as it has been able to achieve its goals and objectives to promote new projects and ......read more

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

Doha, Qatar,  March 19, 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, Dana Yousef Al-Horr and Alanoud Mohammed Al-Enazi 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: Suhail Al-Mazroey, Sheikh Fahad Jassim Al-Thani, Ibrahim Abdalmuty Mohammad, Asmaa Mohamed Al-Suwaidi, Randa Shaher Al-Saadi, Muneera Saif Al-Kubaisi, Fahad Assadi, Ali Abdulrahman Al-Yafei, Samira Bihi Mohamed, Abdulrazzaq Ahmed Al-Meraikhi, Mahmoud  Al-Maghribi, Abdulrahman Ali Al-Yafei, Yousef Mohammed Al-Sulaiti, Almayasa ......read more

SEIB Insurance and Reinsurance announces its partnership with QMED 2019 as the Silver sponsor

Doha, Qatar, March 19, 2019:  Collaborating with Qatar’s largest and flagship medical trade event, SEIB Insurance and Reinsurance has announced its Silver sponsorship of the second edition of QMED 2019 (Qatar International Medical Devices & Healthcare Exhibition and Conference). Held at the QNCC (Qatar National Convention Center) over a 5,000 square-meter space, the exhibition will take place between March 25 and March 27.   Commenting on SEIB’s participation in QMED 2019, Mr. Elias Chedid, the company’s Chief Operating Officer and Deputy Chief Executive Officer, says that this strategic partnership aims at empowering the Qatari healthcare sector as a national engine of economic growth. Since its establishment, SEIB has focally extended its support to healthcare enterprises as an integral member of ......read more

QIC wins two prestigious awards at the MENA Fund Manager Performance Awards 2019

Doha, Qatar, March 19, 2019:  Qatar Insurance, the largest insurer in the MENA region has won two prestigious awards at the MENA Fund Manager Performance Awards 2019. The award ceremony, which was held in Dubai recognised and rewarded fund and asset managers that had outperformed their peers over the last year. QIC won awards in two categories- the Qatar Equity Fund for its 2018 performance and the QIC GCC Equity Fund for its three year performance. The QIC GCC Equity Fund won the award for the best GCC fund performance over three years ending 2018 for a GCC fund with over $75m in assets.  The Fund posted a return of 23.4% in USD terms over the three years and topped its category’s peer group comparison.  The Qatar Equity Fund posted a return of 22.8% in USD terms versus its benchmark performance of 20.8% and ......read more

al khaliji extends its financial support to the Qatar Society for Rehabilitation of Special Needs

A Corporate Social Responsibility Initiative Doha, Qatar, March 16, 2019:   Al Khalij Commercial Bank (al khaliji) P.Q.S.C, Qatar’s next generation bank, as part of corporate social responsibility drive, has once again extended its financial support in the form of donation to the Qatar Society for Rehabilitation of Special Needs, a local humanitarian organization that aims to support and develop the skills and capabilities of people with disabilities. The donation, which was handed over in the presence of Mr. Mohamad Alkuwari, Head of Reward and HR Services at al khaliji, and Mr. Taleb Abdullah Afifah, Board Member at the Qatar Society for Rehabilitation of Special Needs. Commenting on the occasion, Mr. Mohamad Alkuwari, Head of Rewards and HR Services at al khaliji, said:  “Al Khaliji has been ......read more

Barwa Bank's AGM Approves 15% Cash Dividend for Shareholders

Election of a new Board of Directors chaired by HE Sheikh Mohammed Bin Hamad Bin Jassim Al Thani  A strong performance in total asset standing at 44.4 billion QR, driven by a strong growth in the finance portfolio that exceeded 27.8 billion QR. Customer deposits reached 26 billion QR. Doha – Qatar, 14 March 2019 -   Barwa Bank Group, convened its Annual General Meeting (AGM) and Extraordinary General Meeting (EGM) on 13th of March February 2019 at Four Seasons hotel, chaired by HE Sheikh Mohamed Bin Hamad Bin Jassim Al Thani, Chairman of the Board and Managing Director, with an 87% shareholder attendance.    During the AGM, all items on the agenda were discussed, such as hearing and approving the Board's Report for the year that ended December 31, 2018, as well as discussing and ......read more

Qatar Keen to Further Develop the Private Sector, Seeking Self-sufficiency, and Promoting Joint Ventures With International Partners

Sheikh Faisal Bin Qassim Al Thani tells Oxford Business Group Doha, March 13, 2019:   Qatar’s efforts to tap new investors, and goods and service providers farther afield, were among the topics discussed recently at a meeting held between Sheikh Faisal Bin Qassim Al Thani, Chairman, Al Faisal Holding, and representatives from Oxford Business Group (OBG). Sheikh Faisal told the global research and consultancy company that the ongoing regional blockade had generated new business opportunities for both local and international firms, as the country looks to the private sector to become more resourceful and drive new growth. “One major advantage of Qatar is the presence of competitively priced raw materials, including secure energy supplies,” he said. “The Qatari Government considers industrial ......read more

QIC Group sponsors Katara International Beach Volleyball Championship 2019

Doha, Qatar, March 13, 2019:  As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, Qatar Insurance Group, the flagship insurer is sponsoring the Katara International Beach Volleyball Championship 2019 as the gold sponsor of the event. The event which is scheduled from 12th March will be held at the Amphitheater at Katara. The event will witness participation of 50 teams from 29 countries.  Qatar Insurance Group's role as a sponsor highlights the company’s unilateral focus on being a responsible corporate citizen and demonstrates its full support to all sports activities and initiatives for the nation.  Commenting on the Group’s strategic partnership, Mr. Salem Al Mannai, Deputy Group President & CEO of QIC Group remarked, “We are ......read more

Qatar Development Bank and ADFIMI jointly host workshop on “Shariah Compliance Issues of Crypto Assets”

Doha, Qatar, March 13, 2019:   With a view to drive financial technology -led economy in Qatar, Qatar Development Bank (QDB) successfully hosted a workshop on “Shariah Compliance Issues of Crypto Assets” in association with Association of National Development Finance Institutions in Member Countries of The Islamic Development (ADFIMI).  Established as an autonomous, independent and non-profit international organization, ADFIMI) started its operations in September 1987 at its headquarters in Istanbul, Turkey, on being given the status of an International Organization. It presently has around 40 members from 18 countries. ADFIMI organizes various training programmes, seminars, workshops, and conferences in different countries for the benefit of its members. Since its inception, ADFIMI forged solid partnership ......read more

QIC Group and Commercial Bank Qatar Masters cherish a distinctive partnership

Doha, 07 March 2019: Qatar Insurance Group, the leading insurer in the MENA region has partnered with Commercial Bank Qatar Masters to be the Official Tournament insurer for the region’s premier Golf tournament. QIC, along with its subsidiaries Qatar Re and Antares, is proud to support the tournament for twelve consecutive years. Founded in 1964, Qatar Insurance Company (QIC) was the first domestic insurer of Qatar. Today QIC is a dominant insurer in the region and is regarded as the largest insurer in MENA region in terms of profitability, assets and market capitalization. QIC’s consistent rating of A/Stable from Standard & Poor’s and A(Excellent) from A.M. Best affirms QIC’s core strength and sustainable performance.  Implementing its diversification strategy of expanding beyond the borders of ......read more

Shareholders approve recommended distribution of cash dividend payout of 15%

Doha, 27 February, 2019: Despite being a challenging year, in 2018 Qatar Insurance, the leading insurance Group recorded strong operational performance, coupled with robust premium growth, taking Gross Written Premium (GWP) to QAR 12.6 billion, up by 8% vis-à-vis the same period in 2017. The underwriting results for the Group for the year 2018 amounted to QAR 576 million. QIC Group’s consolidated net profit for the full year 2018 came in at QAR 664 million.  The Annual General Meeting that was held yesterday at the Four Seasons Hotel was chaired by Abdulla bin Khalifa Al-Attiya, Deputy Chairman of the Board of Directors. The shareholders discussed the Group’s annual performance and endorsed the recommended distribution of cash dividend payout of 15% for the year ended 31st December 2018. Approval was also granted ......read more

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

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Milaha reports net profit of QR 759 million for the Nine Months Ended Sep 30, 2016…

October 20, 2016. Dubai, UAE- Qatar Navigation (Milaha) Q.P.S.C. recently announced its financial results for the nine months ended September 30, 2016.     Key financial highlights: •    Operating revenues of QR 1.99 billion for the nine months ended September 30, 2016, compared to QR 2.30 billion for the same period in 2015 •    Operating profit of QR ......read more

Doha Bank Achieves Sustainable Performance…

Dubai, UAE, October 20, 2016:  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 Q3 2016. The net profit for Q3 2016 is recorded at QAR 1,019 million despite the sharp decline in the oil prices and the challenges in the financial markets across various countries. The bank ......read more

Doha Bank is the first bank in Qatar to achieve accredited certification for ISO…

Doha, Qatar, October 17, 2016:  Doha Bank has become the first bank in Qatar to achieve the prestigious ISO 9001:2015 accreditation, the newly revised international standards for Quality management systems.  ISO 9001 is the world’s most widely recognized standard for quality management systems, and its latest revision was published on September 23, 2015. The standard helps ......read more

SOUQ.com hosts ‘SOUQ Engage 2016' to empower Sellers and SMEs to Grow Business Opportunities in MENA…

“Fulfilled by SOUQ” and “SOUQ Selling Center” especially designed to support Sellers to grow their businesses and provide exceptional shopping experiences to the customers      Dubai, UAE, October 12, 2016:   SOUQ.com, the largest online and marketplace platform in the Middle East hosted a highly engaging event to enable and empower sellers and ......read more

Financial Results For The Nine Months Ended 30 September 2016…

Dubai, UAE, October 10, 2016:  QNB Group, the largest bank in the Middle East and Africa (MEA) region, announced its results for the nine months ended 30 September 2016. For the nine months ended 30 September 2016, Net Profit reached QAR9.7 billion (USD 2.7 billion), up by 11% compared to last year. Total assets reached QAR713 billion (USD196 billion), up by 37% from September 2015, the ......read more

Dhofar Global enters into partnership agreement with ffuussTM…

October 05, 2016 - Demonstrating its commitment towards the highest standards in quality, technology and hygiene, Dhofar Global, a leading supplier of hygiene care products in the Middle East, has signed a strategic partnership with ffuussTM, a hand dryer manufacturer and part of Spain-based OTS Group. The contract awards Dhofar Global the exclusive distributorship of ffuussTM air dryers in ......read more

Global leaders converge in Dubai next week for African investment conference…

Third Annual Investment Conference to be held 5-6 October  McKinsey & Co to present key findings from the new‘Lions on the move II’ report HE Sheikh Nahyan bin Mubarak Al Nahyan to attend as guest of honour Dubai, UAE, October 4, 2016:  Close to 400 business leaders and government representatives will meet in Dubai next week to discuss foreign investment ......read more

The 7th Arabia CSR Forum ropes in leading names in sustainability…

UAE, October 2, 2016 - The Arab Region’s most talked about CSR Forum will be happening on October 19, 2016 in Dubai. Taking place annually for the past six years, the forum has become known all over the Region and even beyond as a platform that promotes latest thinking and current philosophies around CSR and sustainability.  This year too, the forum will present fresh thinking and ......read more

Northwestern Research Finds Total MENA Ad Market at $5.5 Billion…

Doha, Qatar – September 19, 2016 -- The global advertising market is undergoing fundamental changes due to changing dynamics and the increased use of digital media. And a recent study by Northwestern University in Qatar (NU-Q) reports that that transition is also causing a slow expansion of ad revenue in the MENA region.  The study, Media Industries in the Middle East, 2016 , which ......read more

Doha Bank opens its new branch in Kochi…

Investors conference on “Kerala-Qatar Investment Opportunities“ held as part of the inauguration was attended by major investors from India and GCC Kerala and GCC can synergise their bilateral relationships for long term benefits, says Dr. R. Seetharaman, CEO, Doha Bank  Dubai, August 28, 2016:   Chief Minister Pinarayi Vijayan inaugurated the Kochi Branch of Doha ......read more

Doha Bank Kochi– Kerala Branch inauguration by Hon'ble Chief Minister of Kerala…

Dubai, UAE, August 18, 2016:  Doha Bank is set to inaugurate the state of the art branch in Kochi, the only branch of a GCC based bank in India. Kochi branch will be located in the LULU International shopping Mall at Edapally.  The branch will be inaugurated by H.E. Mr. Pinarayi Vijayan, the Hon’ble Chief Minister of Kerala, in the morning at 10 am in the presence of senior ......read more

Milaha reports net profit of QR 553 million for the six months ended June 30, 2016…

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Dr. R. Seetharaman, CEO of Doha Bank was conferred with ‘Doctor of Philosophy (Honorary)' by Arts, ...…

Dubai, UAE, August 4, 2016:  The Arts, Sciences and Technology University in Lebanon (AUL) bestowed upon Dr. R. Seetharaman, Doha Bank CEO the ‘Doctor of Philosophy (Honorary)’ at their Annual Graduation Ceremony, which was held on 2nd August 2016 under the patronage and the presence of H.E. Engr. Gebran Bassil, Lebanese Minister of Foreign Affairs at AUL.  Dr. ......read more

Doha Bank achieves strong performance ratios…

Dubai, UAE, July 23, 2016:  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 2016. Net profit for the first half of 2016 recorded QAR 708 million despite the sharp decline in the oil prices in the Gulf area and the challenges that face the financial markets in ......read more

QNB Group Financial Results For the Six Months Ended 30 June 2016…

Qatar, July 13, 2016:  QNB Group, the leading bank in the Middle East and Africa (MEA) region, announced its results for the six months ended 30 June 2016. For the first half of 2016, Net Profit reached QAR6.2 billion, (USD 1.7 billion) up by 12% compared to last year. Total assets increased by 36% from June 2015 to reach QAR692 billion (USD190 billion), the highest ever achieved by ......read more

Bentley and Shell Announce Global Framework Agreement…

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Alfardan Group Extends Firm Support to Watany Qatar Campaign as Part of its Commitment to the ...…

June 27, 2016: Alfardan Group has extended its full support to the highly successful Watany Qatar media campaign launched recently to celebrate the country’s continuing socio-economic prosperity and strength under the leadership of H.H. Sheikh Tamim bin Hamad bin Khalifa Al Thani, Emir of Qatar. As Gold Sponsor, the Group has demonstrated once again its unparalleled commitment to key ......read more

Al Ansari Exchange pledges AED 50 million donation to various charities in commemoration of its ...…

UAE, May 23, 2016–Al Ansari Exchange, the UAE-based foreign exchange and worldwide money transfer company, commemorates the 50thAnniversary of its establishment. To mark the occasion and in line with the wise directions and vision of the UAE’s leadership to consolidate the country’s prominent position  in the region and the world, the company is poised to establish new ......read more

Milaha, DSV Sign Exclusive Agency Agreement for Logistics Services…

May 16, 2016. Doha, Qatar– Milaha, a Qatar-based marine transport and logistics conglomerate, and DSV, a Denmark-based provider of global transport and logistics, have signed an agreement by virtue of which Milaha will become the exclusive agent for DSV in Qatar. The agreement will significantly expand Milaha’s presence on the global logistics scene and will provide access to +1,000 ......read more

The Resolutions of the Ordinary General Assembly of the Shareholders…

Dubai, UAE, May 11, 2016:  H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al-Thani, Chairman of Doha Bank, announced that the Ordinary General Assembly of the Shareholders in its meeting held on 10/5/2016 has unanimously agreed for Doha Bank to: 1.    Issue Certificate of Deposits (CD) program whose main components would be as follows: The Bank will issue Certificate ......read more

Milaha wins feedering contract extension with Muntajat…

April 19, 2016. Doha, Qatar -- Milaha has signed a one-year feeder agreement with Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat), to transport up to 150,000 TEUs (Twenty Foot Equivalent Units) of petrochemical exports from Qatar. The contract was signed during a ceremony attended by H.E. Sheikh Ali bin Jassim Al Thani, Chairman of Milaha’s Board of Directors, ......read more

Financial Technology Set to Transform Financial Services in Saudi Arabia …

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Doha Bank achieves strong performance ratios…

Dubai, April 19, 2016: 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 quarter of 2016. Net profit for the first quarter of 2016 recorded QAR 354 million. The bank sustained the core income as the net operating income is marginally up by 0.4 per cent as compared to same period ......read more

Milaha Holds Annual General Meeting…

March 17th, 2016. Dubai, UAE- Qatar Navigation (Milaha) Q.S.C. held its Ordinary General Assembly meeting on March 16, 2016, during which the company’s audited financial results for the year ended 31 December 2015 were approved. The General Assembly also ratified all the remaining items on the Agenda, including the proposal by the Board of Directors to distribute a cash dividend of 50% ......read more

Keynote speakers announced for Qatar Foundation's Annual Research Conference…

Opening Panelists To Explore ‘Strategic Investment In Research And Innovation For Society’ Doha, Qatar, March 8, 2016:  Qatar Foundation Research and Development (QF R&D) has announced the keynote speakers for its Annual Research Conference 2016 (ARC’16), which is set to take place on 22nd and 23rd March at the Qatar National Convention Centre (QNCC). Aimed ......read more

Qatar Foundation's Annual Research Conference Sheds Light on National ‘Research Grand Challenges'…

Strategic Investment in Research and Innovation to Outline ARC 2016 Programme Doha, Qatar, 2 March 2016: The Annual Research Conference 2016 (ARC’16), Qatar Foundation Research & Development’s (QF R&D) flagship event, is set to take place from 22nd to 23rd March at the Qatar National Convention Centre (QNCC).  Bringing together some of the world’s brightest ......read more

QIC to increase capital from QAR 1.84 billion to QAR 2.43 billion…

Shareholders approve raising QIC’s capital to QAR 2.43 billion at AGM Shareholders approve recommended distribution of cash dividend payout of 25% Doha, 21 February, 2016: Despite sluggish economic growth  and falling commodity prices, Qatar Insurance Group recorded 49% year-on-year growth in Gross Written Premium (GWP) to QR 8,347 million (2014: 5,614 million). Net Insurance ......read more

Links Group: Qatar Financial Centre's broadening of business services to attract further foreign ...…

Dubai, UAE, January 31, 2016:  The Qatar Financial Centre’s (QFC) plans to broaden its business services by introducing additional tools to streamline its client interfaces is set to attract further foreign investment, according to Links Group, one of Qatar’s leading providers of commercial facilitation and advisory services.  The services will be implemented by the first ......read more

Global tax trends may impact Qatar's tax framework: EY…

OECD recommendations to change tax landscape in the region Doha, January 24, 2016:  EY today is hosting a seminar on changes to the tax and regulatory environment in Qatar, highlighting that taxation is likely to become a more prominent business concern across the Middle East. While low corporate tax rates will probably remain, value-added tax (VAT) seems likely to be introduced ......read more

Make the most of ‘Ample' opportunities for growth, Sheikh Faisal Bin Qassim Al Thani tells Qatar's ...…

Chairman of Al Faisal Holding and the Qatari Businessmen Association interviewed by Oxford Business Group Doha, 6 January 2016: A growing population looking for a wider range of goods and services is creating “ample business opportunities” for Qatari entrepreneurs across the board, Sheikh Faisal bin Qassim Al Thani, Chairman of industry giant Al Faisal Holding has ......read more

Qatar is Taking Essential Steps to Secure Economy in Face of Global Pressures …

  “Qatar’s strategy of diversification and investment will ensure that non-oil sector growth will continue” – Prime Minister   Qatar’s Stability is Supported by QR261 Billion Worth of Public Sector Projects – Minister of Finance Doha, Qatar   The outlook for the global economy in 2016 is very mixed, according to leading experts ......read more

Senior Financial Leaders Set to Attend 2015 Euromoney Conference…

Leading Qatari Executives and Bright Lights of Banking Sector will Attend December Event Doha, Qatar: Some of the most influential figures from Qatar’s government, financial and public sectors are set to attend and speak at the upcoming Euromoney Qatar Conference 2015, which brings together international banking leaders with senior figures from the GCC region. Running from 9-10 ......read more

World Islamic Banking Conference (WIBC) to Chart Future of Commodities, Currencies and Asset ...…

This December experts from the US, Turkey, UAE, Egypt, UK, Saudi Arabia and other markets to provide Islamic finance industry with its asset allocation outlook for 2016  11 November 2015, Manama, Bahrain:  The World Islamic Banking Conference (WIBC) 2015 will gather seasoned economists, asset managers and investment bankers who will provide a holistic view of asset allocation ......read more

Al Khaliji France launches UAE career day series for local talents…

Al khaliji France (UAE), a subsidiary of Al Khalij Commercial Bank (al khaliji) Q.S.C, will be organizing a career day series across the Emirates, in line with its strategic efforts exporting its talent recruitment and retention localization philosophy across its network. Open to all fresh graduates and entry-level professionals in the UAE banking and finance field, the series will be held in ......read more

DuPont Sustainable Solutions participate in Asset Integrity and Process Safety conference in Doha…

UAE, 27 October 2015–  DuPont Sustainable Solutions (DSS) participates at this year’s Asset Integrity and Process Safety (AIPS) World, a conference designed for professionals associated with reliability, integrity and safety of field assets, which is held on October 27 and 28, 2015 in Doha, Qatar. The summit is expected to cover key techniques and functions related to asset ......read more

Dubai Design and Fashion Council announces the findings of the MENA Design Outlook study…

• The market value of the MENA design industry surpassed USD 100bn in 2014 • UAE and Saudi Arabia are by far the largest overall design markets in the region, respectively totaling USD 27.6bn and USD 21.9bn in design revenues in 2014 Dubai, October 27, 2015: Dubai Design and Fashion Council (DDFC) revealed the results of the MENA Design Outlook, a ground-breaking study ......read more

WIBC Leaderboard 2015: Qatari Islamic Banks Most Efficient in Global Islamic Finance Industry.…

Masraf Al Rayan and Qatar International Islamic Bank lead Cost-to-Income Ratio rankings in the GCC Manama, Bahrain, 25 October 2015: The WIBC Leaderboard announced today the global rankings of Islamic banks in terms of Cost-to-Income ratio, one of the financial performance sub-indicators of the Leaderboard. No less than three Qatar-based banks have appeared in the top 5 Islamic banks in the ......read more

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

Dubai, October 25th, 2015: Qatar Navigation (Milaha) Q.S.C. today announced its financial results for the nine months ended September 30, 2015.  Milaha delivered a net profit of QAR 959 million for the first nine months of 2015, a 17% increase compared to the same period in 2014.   Key financial highlights: •    Operating revenues increased by 17% to QAR 2.31 billion ......read more

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

Dubai, October 24, 2015: The 55th World Federation of Exchanges (WFE) General Assembly and Annual Meeting was hosted by Qatar Exchange this week at Marsa Malaz Kempinski, The Pearl – Doha. Doha Bank CEO, Dr. R. Seetharaman participated in the panel discussion “Opening the Middle east markets - The Shape of things to Come” on 21st October 2015. Speaking at the panel discussion ......read more

Qatar Insurance sees gap in crowded marketplace…

Dubai, October 20, 2015: “We’ve been doing personal insurance business for 47 years in the UAE through our corporate clients – and this experience has shown us that there’s a gap in the personal insurance market – a gap that Qatar Insurance will fill” says Mr. Ali Al Fadala, Senior Deputy Group President & CEO of QIC Group “Our personal ......read more

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

October 13, 2015: DHL Express Qatar has recently organized a visit to the Nedaa Centre for disabled children as part of its Corporate Social Responsibility (CSR) focus. The visit included several fun-filled activities and an exciting entertainment program to delight the kids featuring performances by magicians and clowns. DHL staff played an active role during the event and distributed gifts and ......read more

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

- From October 18th to 22nd United Arab Emirates; September 22, 2015 – FAMOCO the French specialist of Android NFC readers just raised $4,5 millions and now aims at conquering the Middle Eastern market. The GITEX show, the 3rd largest technology event on the planet, is an opportunity for FAMOCO to meet its clients and gain prominence in the Middle East. FAMOCO exhibits at this event ......read more

UnionPay International and Doha Bank Enter into a Strategic Partnership…

Doha Bank marks yet another First in the Banking Industry in Qatar by being the first issuer of UnionPay cards in Qatar Dubai, September 16, 2015: Doha Bank has continued to demonstrate innovation leadership in the country by partnering with UnionPay International to be the first issuer of UnionPay cards in the Qatar. Doha Bank and UnionPay International entered into a strategic relationship ......read more

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

United Arab Emirates ; September 9, 2015 - EQUITY, leader of governance and legal management software solutions for major corporations, continues its development and announces the signing of significant new contracts in the Middle East. EQUITY, French governance and legal management solutions provider for large and medium corporations, announces the signing of contracts with new prestigious ......read more

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

- US$11.5 billion invested globally from the Middle East in H1 2015 - Middle East investment reaches 83% of 2014’s entire year investment in first half of 2015 Dubai, 09 September, 2015 – During the first half of 2015, US$11.5 billion of capital flowed out of the Middle East into direct real estate globally, according to the latest research from global property advisor CBRE Group, ......read more

Doha Bank Partners with Anil Ambani led Reliance Group…

The Strategic Alignment is designed to Generate Business Opportunities in the GCC and India Dubai, September 06, 2015: Doha Bank and Reliance ADA Group have entered yesterday into an alliance to create new opportunities for co-operation and innovation in terms of business development across the GCC and India. The MOU is envisaged to provide tangible business opportunities and further prospects ......read more

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

Dr. Zeti Azi, Governor of Malaysia’s Central Bank, delivered the inaugural Keynote Address at historic forum in the UK Dubai, United Arab Emirates, 1 September 2015: Ethical finance leaders from Europe, East Asia, the Middle East and Africa gathered today at a historic forum for the global responsible investments industry. The Global Ethical Finance Forum (GEFF), with the official ......read more

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

Dubai, September 01, 2015: Dr. R. Seetharaman, Group CEO of Doha Bank had submitted his doctoral thesis on “Green Banking and Sustainability” to Sri Sri University recently and on August 16, 2015 he was invited to defend the same. The Viva Examining Board on the basis of unanimous opinion has recommended that Dr. Seetharaman be awarded the Ph.D. Degree on “Green Banking and ......read more

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

PA Consulting Group study shows organisations in UAE, Saudi, Qatar must develop staff to think creatively to boost productivity Abu Dhabi, UAE, 30 August 2015: Management in the Gulf need to take more risks and develop staff to think creatively, according to a new global innovation survey designed to help companies stop wasting their best ideas and flushing hundreds of billions of dollars down ......read more

HTC Announces Share Repurchase Program…

Buy-back of up to 50 million shares reflects confidence in business strategy and growth potential Taipei, Taiwan – August 24, 2015 – HTC Corporation today announced that its Board of Directors has authorized a share repurchase program to restore investor confidence and increase shareholder value. The share repurchase program, which will run over the course of the next two ......read more

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