Qatar- July 17, 2019: As part of its ongoing efforts to empower its staff with the right mix of technical know-how, business acumen and capabilities, Qatar Insurance Group, the leading insurer in the MENA region recently conducted an in-house introductory training program on Risk Management & Insurance.
With the support from its Senior Management, QIC Group consistently endeavors to fulfill its objective of facilitating knowledge sharing & enhancement by conducting in-house training programs that are considered pivotal for the development of its human capital.
The in-house training programs are an integral part of the QIC Learning Academy, which was established last year. It focuses on providing comprehensive development programs in the form of formal and informal learning modules, mentoring and work-based experiences ......read more
Aimed to raise awareness of entrepreneurship among students from 16 to 24 years
Doha, Qatar – 16th July 2019: Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, successfully concluded the inaugural episode of the 2019 edition of its annual Summer Camp. The camp took place from 30 June till 11 July 2019, witnessed participation of a large number of students in age group of 16 to 24 years old. Meanwhile, preparations are also underway for participants for the second episode of the 2019 edition of the summer camp, scheduled to be held from 14 July to 25 July 2019.
The Summer Camp included visits to successful projects owned by local entrepreneurs where students had the opportunity to work temporally and explore ......read more
Doha- Qatar, 8 July 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. announced that its Board of Directors will meet on 23/07/2019 to approve the financial results ending on 30/06/2019.
Doha 08 July, 2019: In preparation for the holiday season, QIC Insured, the retail arm of Qatar Insurance, the leading insurer in the MENA region highlights the importance of purchasing travel & home contents insurance.
TravelCare from QIC Insured offers various travel insurance plans namely, Regional, Fly Europe, Worldwide excluding USA, and Canada. It covers expenses for travel-related inconveniences and unexpected travel incidents such as missed flights, flight cancellations etc. ensuring hassle-free travels.
In addition to travel insurance, securing a Home Contents Insurance ensures complete peace of mind especially when holiday-goers are away for a long period of time. The Home Contents Insurance covers for damage to personal belongings caused by accidental fire outbreak, sudden leakage of water from pipes ......read more
Doha, Qatar - 06 July 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, is intended to become home to Huawei’s Smart Experience Centre in Qatar.
The announcement was made earlier during a Signing Ceremony between Msheireb Properties, the developer of Msheireb Downtown Doha (MDD), and Huawei who is a leading global provider of information and communications technology (ICT) infrastructure and smart devices.
This agreement aligns with the vision set for Msheireb Downtown Doha to be a city of firsts, constantly bringing into the country the latest and smartest technology solutions. For Huawei, this cooperation with the national real estate developer will help the company in ......read more
Doha, 02 July, 2019: Qatar Insurance, the largest insurer in the MENA region has been conferred the “Best Digital Transformation in Insurance Award” at the inaugural edition of the Enterprise Transformation Summit that was recently held in Doha at the Doha Marriot Hotel. The summit recognised enterprises that demonstrated massive shift in operations as a result of embracing digital transformation.
QIC Group was awarded for its advanced digital capabilities, implementing best-in-class digital technologies in the Retail and Medical Insurance space, thus creating a highly sophisticated and interactive digitized platform for its full suite of online insurance products and services. Not only did this lead to enhanced customer engagement, but it also facilitated increasing overall responsiveness, efficiency and ......read more
Doha, Qatar, 29 June 2019: Msheireb Properties, the national real estate developer and subsidiary of Qatar Foundation, announced earlier the launch of two books developed in partnership with international researchers, architects, and urban planners, who partook in the restoration and building process of Msheireb Downtown Doha and Msheireb Museums.
The book launch took place in two special ceremonies, last week, in London, and were attended by HE the Ambassador of Qatar to UK, Mr Yousef Al Khater, VIPs, industry key players, international stakeholders, and international media.
The first book, ‘Msheireb Museums: Transforming Doha’s Heritage Houses’, showcases Msheireb Museums, which form a historical restoration of four traditional heritage houses in the heart of Msheireb Downtown Doha, the ......read more
Doha, Qatar, 27 June 2019: Under the umbrella of its initiatives into the country’s national ambitions, al khaliji bank, Qatar’s next-generation bank, has sponsored the “Majd Qatar” (“Qatar Glory”) nationwide campaign and third book edition. Under the theme “Wise Vision”, the campaign was initiated and launched by Qatar’s Tawasol Center at the Museum of Islamic Art, with the attendance of several dignitaries, officials and media representatives from TV, radio and print outlets.
The campaign’s inauguration event coincided with the sixth anniversary of His Highness Sheikh Tamim Bin Hamad Al Thani's accession to power. The book, Majd Qatar, highlights and documents the Qatari renaissance achievements and milestones over the past two years of blockade on the ......read more
Doha, Qatar – 18 June 2019: Barwa Bank, Qatar's most innovative Shariah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Daleen Alkhatib and Abdul Rahim Mohamed 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: Osama Elattar, Samir Elmokadem, Shaikha Al-Mass, Rami Alzain, Ahmad Ghanem, Abdulrahman Alyafei, Rawdha Al-Abdulla, Azlan Osman, Abubaker Mohamed Kutty, Ahmed Mohammed, Racquel Ramos, Mercy Marquez, Noor Alkeilani, Kamarunnisa Faizal, Khalid Al-Ghanim, Lamiaa Allak, Ahmad Khan, Saad Al-Kaabi, Nouf Al-Sada, Khalid Al-Thani, Aize Al-Qahtani, Noora Almaraghi, Khadija ......read more
Qatar - 09 June 2019: Mirroring a trend seen across the Gulf, two lenders in Qatar announced the country’s first bank merger in a move officials say will support economic growth and the development of the financial and private sectors.
On April 21 Barwa Bank and the International Bank of Qatar (IBQ) signalled the finalisation of negotiations and clearance of regulatory requirements necessary to consolidate operations. The merged entity, which will operate as Barwa Bank, will have total assets of more than QR80bn ($22bn) and a shareholder equity base of over QR12bn ($3.3bn).
Notably, the merger resulted in the consolidation of an Islamic bank – Barwa Bank – with conventional IBQ, with the new institution offering sharia-compliant services.
The tie-up is a significant step forward for Qatar’s ......read more
Doha, 28 May, 2019: As part of its Corporate Social Responsibility (CSR) programme, volunteers from Qatar Insurance – the leading insurer in the MENA region distributed 500 Iftar meals to general public during the holy month of Ramadan.
Ahead of dusk and before Maghrib prayers, volunteers from QIC patrolled and distributed a total of 500 Iftar meals in phases at different locations. On the first day, Iftar meals were handed out at the traffic junction near Souq Waqif. On the second day, the Iftar meals were distributed at Doha Sports Stadium. Each Iftar meal was handed out to public along with a small bottle of water.
Speaking about this noble initiative, Mr. Ahmed Al Jarboey, Senior Vice President MENA Retail & Motor of QIC Insured stated, “We are delighted to be a part of this community-focused ......read more
Doha, Qatar – 22 May 2019: Barwa Bank, Qatar's most innovative Shariah compliant bank, announced the names of the most recent round of draw winners for Thara’a, its Shariah compliant savings account, at the Bank’s headquarters.
As the draw results showed, Almayasa Mohamad Al-Anqar and Noora Ebrahim Al-Abdulghani 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:
Morad Onaceur , Abdulrahman Ali Al-Yafei, Faisal Ali Al-Anssari, Musab Ahmed Ahmed, Mohammadali Abrahim Sayedali, Sana Al-Rashed, Joyce Maria Dsouza, Melvin Nitura, Azeez Mohammed Mohammed, Reem Eisa Al-Kawari, Nouraldain Abualrub, Mohamed Ali Saheb, Ahmed Yasin Yacoub, Mohd Alawi Al-Yafei, Faisal Ali Al-Anssari, Nelo Mandayo Ferry, Jasir ......read more
Doha, Qatar, May 18 2019: Marking a year of milestone partnerships and developments for its business, Qatar Post held its annual Suhoor gathering for its employees, in celebration of the Holy Month of Ramadan, and of a record 2018 performance for the group. The celebration took place on May 17, at the Ramadan tent in Kempinski Marsa Malaz Hotel.
In attendance were Qatar Post’s staff and senior leadership executives, among whom Mr. Faleh Mohammad Al-Naemi, Qatar Post chairman and managing director, shared with attendees the group’s successes in 2018, as well as a glimpse of future plans and strategic areas of focus.
“The overwhelming state support Qatar Post has received in the past year, incentivizing both governmental institutions and bodies to use our services at scale, was our ......read more
Doha, May 01, 2019: QIC Insured, the personal insurance division of Qatar Insurance, the leading insurer in the MENA region has launched the all new “Pay your car insurance in 12 easy installments” Applicable exclusive on purchase of full car insurance, now customers pay for their insurance in 12 easy installments at zero interest.
To take advantage of this new offer, customers can simply visit any branch of QIC Insured or simply log on to qic-insured.com and select the ‘Installments’ option in the payment page. Upon receipt of the first installment, customers will receive a payment acknowledgement and the comprehensive insurance policy will be emailed to the registered email address along with the scheduled dates for the remaining installments.
Commenting on the launch of this new payment scheme ......read more
Doha- 29 April, 2019 – Qatar Development Bank (QDB), in its continued quest to support the growth and competitiveness of the business sector in the state, announced the registration for the first batch of phase 2 of Al Furjan markets raffle draw to award retail space, starting May 01, 2019. The registration process for the first batch of Al Furjan Markets, which is located in Muaither South, Al Khor, Umm Al Qarn, Al Kharaitiyat will last for 30 days, and the bank is inviting all Qatari citizens to apply through Al Furjan mobile application to supervise the governance of the raffle process and to ensure total compliance and transparency.
An integrated electronic system has been developed to allow applicants to apply for the the first batch of phase 2 of Al Furjan markets through Al Furjan mobile application, ......read more
Net profit of QAR 176 million, up 4% year on year
Operating income of QAR 289 million, reflects growth in fee income of 5% on Q1, 2018
Operating expenses are 5% lower compared to the same period last year
Significantly reduced impairments charges, down 51% year on year
The Capital Adequacy ratio at quarter-end stood at a healthy 18.4%
Doha, April 29, 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C, in Qatar, released its consolidated financial statements for the quarter ended 31 March 2019 today with a Net Profit of QAR 176 million for the quarter. This represents an increase of 4% over its financial results for the same period of last year.
His Excellency Sheikh Hamad Bin Faisal Bin Thani Al Thani, Chairman and Managing Director stated:
"We began the year on a solid footing, ......read more
Gross written premiums at Q1 2019 stands at QAR 3.5 billion
Doha, 29 April 2019: Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region reports a net profit of QAR 272 million for the first quarter of 2019. The MENA markets continued to produce stable premiums with underwriting profitability, weathering geopolitical headwinds in the region. QIC’s international operations grew in select low-volatility segments and now account for 76% of its total portfolio.
In Q1 2019 QIC adopted a more restrictive and selective approach to new business generation, reflecting the company’s continued focus on de-risking its book and placing more emphasis on low-volatility segments. Gross written premiums (GWP) remained stable at QAR 3.5 billion.
The Group’s ......read more
Under the patronage of His Highness the Emir of “ROWAD Award 2019”
Doha, Qatar, April 28, 2019: Under the patronage of His Highness the Emir Sheikh Tamim bin Hamad al-Thani, Qatar Development Bank (QDB) is pleased to announce the opening of registration for the second edition of Qatar Entrepreneurship award “ROWAD Award 2019”. This prestigious sponsorship is a testament to the leadership's keen interest in building the country's entrepreneurship ecosystem towards achieving economic diversification for sustainable development, in line with the Qatar National Vision 2030. Besides, Qatar topped the global entrepreneurship environment, according to the Global Entrepreneurship Monitor (GEM) report featuring 56 countries, which also confirms the leadership’s keenness in promoting ......read more
Doha, Qatar - 23 April, 2019: QIC Insured, the retail arm of Qatar Insurance Group, the flagship insurer of the MENA region recently sponsored the Hamad Medical Corporation (HMC) Football Championship.
As a progressive leader in Corporate Social Responsibility (CSR) and socially responsible business practices, the company’s role as a platinum sponsor highlighted its unilateral focus on being a responsible corporate citizen and demonstrated its full support to all sports activities and initiatives.
In view of the partnership, QIC Insured has provided special offers on car insurance, travel, home, personal accident benefit insurance & Anaya for HMC employees and their families.
Commenting on the strategic partnership, Mr. Abdulla Y. Al Mulla, Group Chief Administrative Officer of QIC ......read more
Combined entity’s total assets are valued at more than QAR 80 billion
Operational integration to be completed by Q4:2019
The first merger between banks in Qatar’s history
The combined entity to operate under the “Barwa Bank” name
Doha, Qatar, 22 April 2019 – Barwa Bank has announced the official completion of its legal merger with International Bank of Qatar (ibq). The merger, which brings two of Qatar’s leading and most dynamic financial players under one roof, will establish a powerhouse Shariah compliant financial institution in both local and regional markets, backed by robust liquidity and solvency levels.
Under the first banks merger in Qatar’s history, this solid financial position will enable Barwa Bank Group to significantly contribute to ......read more
Doha, Qatar, 21 April 2019: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., Qatar’s next generation bank, is pleased to announce that it has won two prestigious awards- ‘Best Corporate Bank – Qatar’ and ‘Best Financial Inclusion Program – MENA’ at the recently held the European Magazine Awards.
The European Magazine, over the last several years, has been celebrating achievement, innovation and excellence through its annual awards program. It offers corporate organizations an insight into various achievements within a range of organizations. These recognitions add to the achievement of al khaliji bank in Qatar.
On receiving the awards, Acting Group Chief Business Officer, Mr. Omar Al-Emadi said:
“It is an outstanding achievement for us and on behalf of the entire ......read more
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
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 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
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.
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’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
The outlook for the global economy in 2016 is very mixed, according to leading experts ......read more
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
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 (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
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
• 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
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
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
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
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
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
- 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
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
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
- 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
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
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
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
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
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: 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
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
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
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
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
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
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
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
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
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
Written by Jameel Ahmad, Chief Market Analyst at FXTM
For the second successive week, global financial markets are commencing trading facing downside pressures with investors reacting unfavourably to the news that a “No” vote was declared victorious in the Greek referendum. While Tsipras is optimistic that the outcome of the referendum can be used as leverage for ......read more
This is now officially a Greek tragedy
In many ways, it is relatively easy to understand why the result was a No from Greece. There is little to lose, as a Yes to more austerity hardly was a great choice for a society on the brink of a social break down.
The vote clearly was not help by the fact that the actual vote: Yes or No was confusing. What did they actually say No to?
This ......read more
MEED says three data points show that markets fell during first half of 2015
• Project awards, mergers and acquisitions activity, and company earnings are all down by close to 30 per cent
• Average daily oil prices down by 46.9 per cent during first half of 2015
• Investor confidence has been subdued this year
Economic activity in the GCC fell by just under ......read more
Greece’s seeming hour-by-hour descent into chaos at the end of the second quarter has fashioned an intensely uncertain framework casting markets at the mercy of headline risk.
It is with that ever-changing caveat that Saxo Bank publishes its Q3 Outlook ahead of the Greek referendum on EU membership which, as things stand, will take place July 5.
The outlook for Q3, therefore hangs in ......read more
Three quarters of GCC employers feel the education system doesn't know what skills employers need
• 53% of employers rank lack of work experience as affecting nationals’ employability, with only 30% of GCC students having taken any work experience
• According to employers, communication skills (36%) and required skills and qualifications (22%) are further ......read more
Dubai, June 29, 2015: Cedar Management Consulting International LLC (Cedar), the global management consulting firm today announced that it has acquired the business and operating assets of IBS Publishing, the leading UK based financial technology research, publication and consulting firm. This includes their primary brand and operating platform - IBS Intelligence.
Since 1999, Cedar’s ......read more
June 28, 2015: Impact Plus, a leading Dubai-based ‘Business Knowledge’ facilitator offering accredited training programs in the Middle East and Africa, has launched three interactive and practical entrepreneurial development initiatives with an aim to reduce leadership deficit. The new US-accredited development programs -- Ana Montejah™, Certified Professional Graduate ......read more
Dubai, June 28, 2015: Doha Bank inaugurated its Representative office in South Africa on 25th June 2015. A Ribbon cutting ceremony was held at Doha Bank Representative Office, Johannesburg, South Africa which was followed by an inauguration reception function held at Michelangelo Hotel, Sandton, Johannesburg, South Africa. The key dignitaries at the function include His Excellency the ......read more
Enjoy exclusive discounts and rewards for Iftar and Suhoor
Dubai – UAE, 25th June 2015: During the holy month of Ramadan, Mashreq introduces astounding offers at over 60 premium Flavours partner restaurants. Mashreq Flavours, one of the biggest dining programs in the UAE continues to provide its customers with a wide range of elite choices to relish the togetherness of ......read more
UAE, June 24, 2015 - The Arab-Brazilian Chamber of Commerce (ABCC) has revealed that two Arab states were among the top importers of Brazilian shoes during the first quarter of 2015, demonstrating anew the steadily growing trade relations between the region and the South American nation. The ABCC cited figures recently released by the Brazilian Footwear Industry Association (Abicalçados) showing ......read more
June 24, 2015 - National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced that its CEO, Robert Holtkamp, has received the award for ‘Most Outstanding Corporate Leader’ from Alam al-Iktisaad Wal A’mal (AIWA), Oman’s leading Arabic business magazine published by United Media Services. The 5th edition of the ......read more
DUBAI, 23 JUNE 2015. EY signed a conditional agreement to acquire Integrc, a privately owned, leading provider of governance, risk and compliance (GRC) services to companies that run SAP. The acquisition, expected to complete in August, will help cement EY’s position as an industry leader in SAP GRC services by further enhancing its end-to-end offering — from strategy to ......read more
Dubai, June 18, 2015: Dr. R. Seetharaman, Group CEO of Doha Bank, was honored with the “Business Man of the Year Award” at the Qatar Today Business Awards held recently in Doha, Qatar. Dr. Seetharaman was awarded for his strong beliefs in management principles and for his dynamic leadership qualities in leading Doha Bank with strong values and firm principles.
On receiving the ......read more
18 June 2015: SHUAA Asset Management Ltd. today announces that is has been awarded the “Best Regional Asset Manager” at Banker Middle East’s Annual Industry Awards 2015.
Organised by CPI Financial, the awards recognise institutions that are truly innovative pioneers in their respective areas of expertise, and are helping to shape the future of the industry in the region. The ......read more
Doha, Qatar, June 17 2015: DHL Express Qatar has won for ‘Best Logistics Company’ at the inaugural Qatar Today Business Excellence Awards, which took place last June 16, 2015 at the Hilton Hotel in Doha. The high-profile red carpet awarding ceremony was attended by Qatar’s business elite along with representatives of leading national companies and key economic influencers. It ......read more
According to EY’s 2015 Europe, Middle East, India and Africa (EMEIA) Fraud Survey:
DUBAI, 16 June 2015: EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey, Fraud and corruption – the easy option for growth?, has found that many businesses still do not have the basic building blocks in place for effective compliance. Only 52% of MENA respondents stated they had an ......read more
55 brands receive Superbrands recognition at Gala Event
Dubai, United Arab Emirates, June 16, 2015: Superbrands, the independent authority and arbiter of branding, announced that ‘Eros Group’ has won the coveted 'Brand of the Year' award at the 11th annual Superbrands tribute event, which was held at the Intercontinental Hotel in Dubai Festival City. Fifty-five leading ......read more
Dubai, June 14, 2015 : “Financial Inclusion for Social Development and Stability- boosting jobs and reducing poverty, said Dr. R Seetharaman, Group CEO, Doha Bank,participating as a keynote speaker in the event,speaking at the session at The International Banking Summit 2015. The summit was held in Hungary on 9th – 10th June 2015, under the patronage of H.E. Mr. Viktor ORBAN- ......read more
UAE, June 08, 2015 - Al Hilal Bank recently hosted the third preparatory session for the United Arab Emirates Banks Reception scheduled to take place as part of the 2015 Annual Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) running from October 9 to 11, 2015 in Lima, Peru.
The meeting was organized at the Al Hilal Bank headquarters in Abu Dhabi’s Al Bahr ......read more