Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
Dukhan Bank Announces the May Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 15 May 2022 – Dukhan 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, the bank clients Khalifa Alhussaini and Aljazi Al- Adbah each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Reham Ismail, Ibrahim Al-Nasr, Sheeshma Zaki, Sheikh Khalid Al-Thani, Khalid Al-Ansari, Fahad Juma, Sara Al-Adbah, Maryam Al-Obaidan, Najla Al-Mulla, Mohammed Fakhroo, Sultan Al-Naemi, Marwa Shaat, Rawdha Aldosari, Ibrahim Sedaqat, Khalid Al-Hadhrumi, Asmaa Al-Obaidan, Khalid Al-Thani, Noor Al-Saadi, Maawia Mohammed, Sana Alrashed, Nour Abuseif, Elkhidir Elmisbah, Ebrahim Al-Muftah, Abdalfatah Shehada and Dina Ramadan, Basma Harara, Alma ......read more

Milipol Qatar 2022 Seminar Program To Focus on major event security management & cybersecurity Two-day program to feature 21 presentations from local and international experts

Doha, Qatar – May 12 2022: The 14th edition of Milipol Qatar 2022, the Middle East’s leading international event for homeland security and civil defence, which will be held from 24-26 May at Doha Exhibition and Convention Centre (DECC), will feature a two-day seminar program centered on major event security management and solutions to combat increasing cybersecurity risks. The seminar will launch on Wednesday, May 25 with major local and international experts and with 21 presentations probing all aspects for the safe delivery of major events. Notably, keynote speeches will be given by a representative of the Safety & Security Operations Committee (SSOC) of the FIFA World Cup Qatar 2022™ and by Major General Marc Boget, Commander in Chief of the French Gendarmerie Cyberspace. “Qatar is the ideal venue ......read more

Ogilvy EMEA Chairman Paul O'Donnell Announces Retirement, Ending Distinguished Four-Decade Career at Ogilvy

NEW YORK- MAY 5, 2022:  Ogilvy today announced that Paul O’Donnell, Chairman of Ogilvy EMEA, will be retiring after 37 years with the agency. Throughout his tenure, O’Donnell has held a range of leadership positions spanning clients, geographies, and businesses. “It has been an honour to have worked with thousands of Ogilvy colleagues and clients across the globe during my career. It has been a rich and fulfilling experience in which I have travelled the world and helped grow brands and businesses in just about every market you can imagine,” O’Donnell said. “The longevity of my career was due to two things: working with great people and managing to bring enough variety to my roles. Now, I’m proud to leave behind a highly skilled and experienced team that is driving the business ......read more

The Euromoney Qatar Conference Returns

Co-hosted with Qatar Central Bank, the ninth Euromoney Qatar Conference returns on Sunday 29 May to Doha. The Euromoney Conference will focus on the latest developments around Qatar’s strategy and finance in the new global landscape. As the eyes of the world turn to Qatar for World Cup 2022, they will see a country that has emerged from the pandemic in strong economic shape and with an increasingly important role in regional and global geopolitics.   Euromoney will explore how Qatar can capitalise on the success of its strategy. What’s next for the nation, its financial institutions, and its investors? How will they deploy their capital domestically and internationally? How will the financial sector get ahead in the drive for digitalisation? What are the risks and challenges? The event will focus on answering ......read more

LG Announces First-Quarter 2022 Financial Results

Highest Quarterly Revenue in Company’s History Reflect Strong Demand for Premium LG Home Appliances and Auto Parts Dubai, April 29, 2022 — LG Electronics Inc. (LG) today announced first-quarter 2022 consolidated sales of KRW 21.11 trillion (USD 17.53 billion) – the highest quarterly revenue in company history. Operating profit of KRW 1.88 trillion (USD 1.56 billion) was positively impacted by royalty income, partially offset by a one-time workforce restructuring cost.   Compared with the first quarter a year ago, revenues grew by 18.5 percent and profitability soared by 6.4 percent, reflecting very strong demand for LG home appliances as consumers around the world continue their focus on healthier living, energy efficiency and home upgrades. The vehicle component business unit’s sales increased ......read more

QIC Group Reports Robust Net Profit of QAR 230 Million in Q1 2022

Doha, Wednesday 27 April 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results for the first quarter of 2022. Following a meeting of the board of Directors on Tuesday 26th of April 2022, which was presided over by Mr. Khalifa Abdulla Turki Al Subaey, Chairman & Managing Director oF QIC Group, the Board approved the financial results. QIC registered a robust net profit of QAR 230 million for the first quarter of 2022. The Group’s results was driven by the solid performance of its domestic and MENA operations, strong technical results across QIC’s franchise and the cost-leadership of its operations. Amid continued economical and political headwinds, the Group’s gross premium volume remained stable at QAR 3.2 billion in the 1st ......read more

Time For Change! Successful Roll out of QIC's Latest Brand Campaign

 Inspiring Positive Change Within The Community During Ramadan Giving voice to all community members to share their change stories, inspirations, and simple thoughts towards change Doha, Qatar – Tuesday 26 April 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has launched a successful full-out brand awareness campaign labeled ‘Time For Change’, designed to inspire positive change within all members of the community in Qatar. Rolled out in celebration of QIC’s recent rebrand, ‘Time For Change’ come to showcase the company’s success in changing its brand identity emphasizing values of synergy, reciprocity and movement, which together make the essence of QIC when it comes to designing and introducing innovative insurance solutions that best ......read more

QIC Launches Digital Venture Partners

Reshaping the digital insurance landscape in the MENA region  QIC Insurance Group, the leading insurer in Qatar and the MENA region, announced as part of its digital strategy, the creation of Digital Venture Partners (QIC DVP) - a business unit bound to become the ecosystem orchestrator for insurance and insurtech in the MENA region.  QIC DVP aims to reshape the digital insurance landscape by building new digital ventures, leveraging existing assets, partnering with Big Tech and corporates, and strategically investing in high potential early-stage startups.  “The launch of QIC Digital Venture Partners is a significant milestone for our digital future. Grounded by our strong regional and international performance, QIC DVP will reshape the digital insurance ecosystem and become the go-to digital insurance ......read more

Snoonu Collaborates with Dukhan Bank to Distribute Garangao Boxes to Customers

Over 3000 Snoonu and Snoomart cobranded boxes were distributed by Snoonu drivers to mark the joyous occasion of Garangao 23 April 2022 – Doha, Qatar:  Qatar’s leading tech start-up Snoonu is pleased to announce its collaboration with Dukhan Bank where over 3000 Snoonu and Snoomart cobranded Garangao boxes were distributed to Snoonu customers on Garangao day by Snoonu drivers. Garangao is a tradition celebrated across the Gulf Region marking the fasting of the first half of the Holy month of Ramadan. Being one of Ramadan’s most important celebrations in Qatar, Garangao is usually most enjoyed by children while rejoicing with families and friends.  The Garangao boxes’ distribution drive is in line with Snoonu’s continuous corporate social responsibility (CSR) efforts and commitment to ......read more

Qatar Insurance Group to Sponsor the 2023 Samla Race

Qatar Insurance Group - the leading insurer in Qatar and the MENA region - announced its sponsorship of the Samla race in its fifth edition in 2023.  In view of the Group’s role in promoting the culture of sports in Qatar, the sponsorship of the Samla race was officially announced on Sunday during the signing of the sponsorship agreement at QIC Group’s headquarters in West Bay.  The sponsorship agreement was signed by Mr. Salem Al Mannai, Group CEO of QIC Group, and Mr. Azzam Al-Mannai, CEO of the Organizing Committee of the Samla Race.  “As the leading insurer in Qatar, we have a long-standing commitment to promote the culture of sports in Qatar. We aim to help build a generation characterized by good health by encouraging young people to adopt the culture of sports as a way of life.” Said ......read more

MEEZA Wins Cloud Solution of the Year Award at Qatar Digital Business Awards

• Second QDBA award for Qatar’s leading Managed IT Services & Solutions Provider   Doha, Qatar - 16, April 2022:  In a move that reinforces MEEZA’s reputation as Qatar’s leading Managed IT Services & Solutions Provider, MEEZA has won the award for ‘Cloud Solution of the Year’ at the Qatar Digital Business Awards (QDBA).    Under the patronage of His Excellency Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, this year’s Qatar Digital Business Awards 2021 took place at a gala dinner hosted during the recent Smart City Expo Doha 2022 and organized by the Ministry of Communications and Information Technology.   The winning project, M-VAULT 4 was launched to contribute to the acceleration of Qatar’s digital ......read more

Dukhan Bank's AQM Approves 14% Cash Dividend for Shareholders

Accelerated digital transformation and steady performance accompanied by positive financial results     • Rapid progress of digital transformation among prominent achievements of 2021 • A strong performance in total assets reaching QR 110.7 billion, driven by strong growth in the finance portfolio that exceeded QR 75 billion • Customer deposits reach QR 77 billion (44% increase from 2020) • Shareholders' equity exceeds QR 14.0 billion   Doha –  Qatar, 12 April 2022 – Dukhan Bank convened its virtual ordinary Annual General Meeting (AGM) on Sunday 10 April, 2022. The meeting was chaired by H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, Chairman of the Board of Directors, in the presence of 90% of the Bank’s shareholders. During the AGM, all the ......read more

Dukhan Bank Announces the Winners of its Quarterly Thara'a Savings Account Prize

Doha, Qatar - 11, April 2022 – Dukhan Bank has announced the winning names of its latest quarterly draw of Thara’a, its Shariah compliant savings account, at the Bank’s headquarters. As the draw results showed, Thara’a savings account customers Ahmad Al-Mohannadi and Loloh Mohammadi have each won a cash prize of 50,000 Qatari Riyals, as well as Assad Salem and Rim Ali both of whom have won a cash prize worth 25,000 Qatari Riyals. The draw was conducted at the Bank’s headquarters under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce and Industry. The Thara’a Savings Account draw rewards 501 customers with cash prizes up to 3,970,000 Qatari Riyals. Annually, one winner will take home the grand prize of 1,000,000 Qatari ......read more

Dukhan Bank Launches D-Tap, A New Payment Solution for Merchants

Doha, Qatar:  Dukhan Bank, Qatar's leading banking player, announced the launch of D-Tap (SoftPOS with PIN acceptance), the new smart payment  solution for Merchants. This low-cost, maintenance-free solution allows merchants to accept payments through a variety of contactless-enabled cards and devices as part of Dukhan Bank’s ongoing efforts to enhance its flexible technologically enabled corporate digital services portfolio. With D-Tap, businesses can accept payments from any contactless-enabled card or mobile wallet right from their NFC-enabled Android™ device. This service requires no additional hardware and delivers a quick and convenient payment experience. Merchants also have the option to send the payment receipt via email or SMS. Commenting on the launch of D-Tap, Mr. Talal Ahmed Al-Khaja, Dukhan ......read more

MEEZA Announces Gold Sponsorship of Smart City Expo Doha 2022

MEEZA's leading experts share insights on the needs of the modern day ever-evolving smart cities Doha, Qatar, March 29, 2022: MEEZA, Qatar’s prominent end-to-end managed IT services and solutions provider, has announced it is a Gold Sponsor of the Smart City Expo Doha 2022, held today and tomorrow at Msheireb Downtown Doha. Smart City Expo Doha 2022 is a global platform dedicated to discussing, tackling and solving the challenges facing the cities of tomorrow, with the aims of introducing innovative technology that will contribute to improving the lives of citizens, residents and visitors through achieving social inclusion, sustainability and empowerment. Under the patronage of HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani, Prime Minister and Minister of Interior, the Ministry of Communications and ......read more

QLM Life & Medical Insurance Company (Q.P.S.C.) Holds a Blood Donation Drive

QLM Life & Medical Insurance Company - the leading medical and life insurer in Qatar, recently held a blood donation campaign at QLM Main office in the West Bay. The campaign was organized in collaboration with Hamad Medical Corporation (HMC) - Blood Donation Unit. HMC mobilized its blood donation vehicle along with its medical unit to assist in the successful completion of the blood donation drive. For QLM, the blood donation campaign serves as an important Corporate Social Responsibility (CSR) initiative, which creates a scalable impact for the society, environment and people. QLM considers CSR as a cornerstone for the sustainable development of society and spares no effort to fulfil its CSR duties. Through participating in various social initiatives and environmental engagements, QLM has been consistent in demonstrating its ......read more

Dukhan Bank Announces Financial Results for the Year Ended 31 December 2021 A Net Profit Of QAR 1.2 billion with Total Assets exceeded QAR 110 billion mark

Doha-Qatar, 21 March 2022: Dukhan Bank has released its financial results for the year ended 31 December 2021, recording a net profit of QAR 1,193 million. The bank’s robust financial performance during the year has resulted in its total assets to increase to QAR 110.7 billion, representing a significant growth of more than 28% as compared to last year driven by growth under the financing assets and investment securities. Notably financing assets continued to grow to QAR 75.2 billion at end of 31 December 2021 from QAR 58.5 billion at 31 December 2020, representing a remarkable growth of 29%. Further customers’ deposits balance raised to QAR 77.4 billion at end of 2021, which mainly supported the assets growth, increased considerably by 44% compared to QAR 53.9 billion as at 31 December 2020. The bank’s total ......read more

KVG Partners with Al Rayes Group for Kenaf Plantation Expansion

KVG to explore kenaf plantation in the global regions DOHA, 21 MARCH 2022 - Taking lead in the promotion of sustainability using kenaf, Kenaf Venture Global Sdn. Bhd. (KVG) officialise a collaboration with Al Rayes Group through a signed Memorandum of Understanding (MoU). KVG was represented by its Group Chief Executive Officer (Group CEO), Jazman Shahar Abdollah and its Group Executive Director, Irfan Hadi Jazman Shahar while Al Rayes Group was represented by its Chairman, Sheikh Ahmed Al Rayes. The event took place in The Ritz-Carlton, Doha with Ambassador of Malaysia to the state of Qatar, His Excellency Zamshari Shaharan as the witness. “We are pleased to be working with Al Rayes Group in nurturing sustainability through land acquisition for the kenaf plantation and processing line. The partnership can be ......read more

Amlak Finance Announces 2021 Full-Year Financial Results

• Amlak FY21 net group profit stands at AED 1.06 billion and total assets stand at AED 4 billion • The Company successfully concluded the settlement of the arbitration with a net value of approximately AED 875 million  • Debt settlement arrangements yielded AED 465 million gain and contributed in total debt reduction of AED 1,139 million (including Mudaraba Instrument of AED 235 million).   Dubai, UAE: 12 March 2022: Amlak Finance PJSC today announced its full-year financial results for the year ended December 31, 2021. The company focused on prudently managing its UAE operations and balance sheet.    Amlak reported a net profit of AED 1.06 billion for the year ended 31 December 2021 as compared to net loss of AED 438 million for the year ended 31 December ......read more

Snoonu Awarded 'Best Project for Entrepreneurs' at Najah Qatari for Second Consecutive Year

The 5th edition of Najah Qatari festival entitled 'Yesterday's dream is today's reality’ highlighted the most successful Qatari experiences in the fields of innovation, invention, inspiration, and entrepreneurship Doha, Qatar - 11, March 2022: Qatar’s leading tech startup, Snoonu, is delighted to announce that it has won the “Best Project for Entrepreneurs,” for the second consecutive year at Najah Qatari, for their continued contributions in the development of entrepreneurship in Qatar. Founded by Faisal Bin Khalid Al-Otaibi, Najah Qatari or “Qatari Success,” festival is one of Qatar’s most distinguished events which highlight innovation, invention, and entrepreneurship in various sectors in Qatar. The event is attended by several different entities including royal ......read more

Dan Bolton Creative Management Agency joins forces with Trinity Talent Qatar

Forecasts predict that upwards of 1.7 million people could visit Qatar during the Tournament with approximately 500,000 visitors in the country on the busiest days     • Creating extraordinary moments: turning ideas into unforgettable memories     March 09, 2022: Dan Bolton Creative Management Agency, industry leader in creative performances, production, castings, artist management, event design and innovative content creation has partnered with Qatar’s go-to talents solution agency, Trinity Talent Qatar to create together experiences of a lifetime. Their involvement collectively has spanned in many significant events over the last 24 years, including olympics ceremonies, national events, brand campaigns and multi-national product launches.   Forecasts predict that upwards of ......read more

Dukhan Bank Adds Multi Currency Mastercard Prepaid Card to its Cards Portfolio

Doha, Qatar – February 28  2021: Dukhan Bank, Qatar's leading banking player, has announced the launch of its Multi Currency Mastercard Prepaid Card co-branded with Qatar Airways, which allows customers to make transactions in five different widely used currencies from one card. The Multi Currency prepaid card is the ideal international travelling companion that allows users to carry the Qatari Riyal (QAR), United States Dollar (USD), Euro (EUR), Great Britain Pound (GBP) and Turkish Lira (TRY) in one place. The innovative contactless card removes the need to carry multiple cards or physical currencies.  To bring the holders of the Multi Currency Prepaid Card even closer to their travel dreams, customers will enjoy a reward of 1 Qmile for every QAR 10 spent internationally and QAR 20 spent locally. Qmiles can ......read more

QIC Group Net Profit for the Year 2021 Jumps 400% to QAR 630 Million

Doha - 27, February 2022 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results for the year 2021. Following a meeting of the board of Directors on Sunday 27th of February 2022, which was presided over by Mr. Khalifa Abdulla Turki Al Subaey, Chairman & Managing Director of QIC Group, the Board approved the financial results. QIC reported a net profit of QAR 630 million for year 2021 witnessing a 400% rise compared to financial year 2020. The Earnings per share (EPS) amounted to QR 0.143 as of 31st December 2021 versus Earnings per share (EPS) QR (0.004) for the same period in 2020. The Board of Directors proposed a cash dividend distribution of 10% for the year ended 2021.   QIC expands its leadership in a challenging ......read more

Dukhan Bank Launches Personal Finance Campaign With a Low Profit Rate

Doha, Qatar – 21, February 2022: Dukhan Bank, Qatar’s leading banking player, has announced the launch of its new personal finance campaign that allows new and existing customers to benefit from a profit rate of 3.75% (at a flat 2%) per annum. Dukhan Bank customers can avail the offer for a minimum finance amount of QAR 200,000 booked for a period of 4 years and above. Moreover, customers who wish to obtain this offer can enjoy a grace period of up to 12 months. This campaign will run until 15th April 2022. Commenting on the launch of the campaign, Dukhan Bank stated: “Our personal finance campaign aims to bring our valued customers some of the best rates in the market as they pursue their personal goals. At Dukhan Bank, we are always looking for new and innovative ways to reward our customers with the best ......read more

Dukhan Bank Announces the February Draw Winners of its Thara'a Savings Account Prize'

Doha, Qatar – 12 February 2022:   Dukhan 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, the bank clients Donya Alyafei and Amer Sitaboha each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Mohamad Ba-Sulaiman, Yamen Farah, Thasnim Veettil, Moustafa Alkhalil, Shahnara Abedin, Ali Emadadhi, Amine Dridi, Mohamad Arab, Akram BinAli, Anuncia Fernandes, Hamad Al-Naimi, Latifa Al-Muhannadi, Mohamed Bougmiza, Amna Ahmed, Alaa Agha, Esraa Mohamed, Maryam Al-Maeedi, Ghanim Al-Kuwari, Safiya Al-Zeyara, Mohamed Metawea, Ayeh Alqatawna, Abdul Rahim Mohamed, Mohammed Abuzenad, Ramadhan Albalushi, Saoud Alsultan, Mohammed ......read more

Dukhan Bank Announces the February Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 12 February 2022 – Dukhan 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, the bank clients Donya Alyafei and Amer Sitaboha each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Mohamad Ba-Sulaiman, Yamen Farah, Thasnim Veettil, Moustafa Alkhalil, Shahnara Abedin, Ali Emadadhi, Amine Dridi, Mohamad Arab, Akram BinAli, Anuncia Fernandes, Hamad Al-Naimi, Latifa Al-Muhannadi, Mohamed Bougmiza, Amna Ahmed, Alaa Agha, Esraa Mohamed, Maryam Al-Maeedi, Ghanim Al-Kuwari, Safiya Al-Zeyara, Mohamed Metawea, Ayeh Alqatawna, Abdul Rahim Mohamed, Mohammed Abuzenad, Ramadhan Albalushi, Saoud Alsultan, Mohammed Al-Abdulla, Jawaher ......read more

QLM Reports Strong Growth of 16% in Net Underwriting Income in FY 2021, Net Profit Stood at QAR 106 Million, Up 8%

Doha, Qatar, 14th February 2021:  QLM Life and Medical Insurance Company Q.P.S.C, the leading life and medical insurer in Qatar, revealed its financial results for the twelve-months period ending December 31, 2021. The net underwriting income for the Year 2021 increased by 16% and stood at QAR 119.2 million (2020: QAR 102.4 million). The Company’s net profit for the Year 2021 is QAR 106.2 million (2020: QAR 98 million), recording a growth of 8%. The Company’s gross written premium for FY 2021 increased by 3% and stood at QAR 1.03 billion as against QAR 1 billion for the same period in 2020.  Earnings per share was QAR 0.30 compared with QAR 0.28 per share, for the same period of the previous year. Commenting on the Company's results, H. E. Sheikh Saoud bin Khalid bin Hamad Al Thani, Chairman of the Board ......read more

QDB's Qatar FinTech Hub Hosts Wave 3 Demo Day for its Incubator and Accelerator Programs

Key Opportunities for Investors, Businesses, Financial Institutions in the Middle East Doha, Qatar – 7, February 2022:  Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Wave 3 Demo Day for its flagship Incubator and Accelerator Programs, which will take place virtually on 14 February, 2022. The QFTH Demo Day is considered one of the major FinTech events in the region. Wave 3 of the event will host key players from the local and regional financial services ecosystem, as well as investors, global startups, international FinTech hubs, aspiring entrepreneurs and FinTech enthusiasts.  The Incubator and Accelerator Programs attracted FinTech entrepreneurs and startups from more than 50 countries from across the world ......read more

QNB Continues to be the most Valuable Banking Brand in the Region at USD 7.056 Billion

Doha, 2, February 2022 - QNB Group, the largest financial institution in the Middle East and Africa, continues to be the most valuable banking brand in the MEA region with a brand value worth USD 7.056 Billion, according to the latest Brand Finance Banking 500 report. QNB’s brand value has grown to USD 7.056 Billion compared to last year’s value of USD 6.107 Billion. QNB's brand ranked at 45th in the top 50 global banking brands worldwide, up from the 48th place in 2021 while its Brand Strength Index (BSI) increased to 83, up from 82 in 2021. Despite COVID-19 challenges, QNB continued to strengthen its brand value through successful campaigns, products and services, allowing the Group to build strong portfolio locally and regionally. This achievement is a recognition of the Group’s outstanding ......read more

Dukhan Bank Highly Commended at Meed Retail Banker International Trailblazer Awards for the Technical Sophistication of Its Virtual Assistant ‘Rashid'

Doha, Qatar – 31 January 2022. Dukhan Bank, has been ‘Highly Commended’ in the Best Use of Machine Learning category at the 2021 Retail Banker International Trailblazer Awards organized in partnership with MEED, which recognise best in class retail banking institutions and individuals for their innovative service offering and commitment to customer excellence. It is the first Middle Eastern bank to have been awarded. This honour recognizes the advanced capabilities of the Bank’s interactive virtual assistant ‘Rashid’ that responds to customers’ questions on products and services, using machine learning techniques to develop an increasingly powerful understanding of phrasing and context, so as to provide more relevant and intelligent answers. ‘Rashid’ is currently ......read more

New Report to Chart the Next Chapter of Qatar's Growth Story as the FIFA World Cup 2022 Draws Closer

Oxford Business Group signs MoU with Qatar Chamber for landmark analysis Doha, January 2022: The investment opportunities emerging across high-potential sectors of Qatar’s economy, including logistics, advanced manufacturing, sport and digital technologies, will be explored in a forthcoming report by the global research and consultancy firm Oxford Business Group (OBG). The Report: Qatar 2022 will analyse the latest developments in the country’s drive to diversify its economy and boost non-oil growth, in line with the objectives laid out in Qatar National Vision 2030. Topical issues set for analysis include the steps taken by the government to support local small and medium-sized businesses.  The report will also chart Qatar’s efforts to strengthen regional and international ties as a means of boosting ......read more

Super Computing Start-up from Qatar - Spectre System'

January 18, 2022:  Known for the Vast LNG resources, Qatar has been trying to build an ecosystem to attract world class professionals to setup unique and innovative start-up’s. Spectre LLC setup in Doha, Qatar in 2021 is already pushing the boundaries of High-Performance computing [HPC] available in the region. ‘All businesses have with them different kinds of data which when properly categorized and analysed will provide critical information about the business like sales predictions, product or service which is bringing in the revenue, time at which consumers are buying it, locations from which the sale of this product /services is going on. This data can feed into Artificial Intelligence [AI], Machine Learning [ML], Business Intelligence [BI].’ said Aswathy Anna, CEO of the company. ‘Company has built ......read more

Dukhan Bank Announces the Grand Prize Winner (QAR 1 million) of Thara'a Savings Account

Doha, Qatar – January 15, 2022 – Dukhan Bank has announced Abdulla Al-Darwish as the winner of its QAR 1 million Thara’a grand prize. The draw was conducted under the supervision of a representative of the qualitative license and market control department at the Ministry of Commerce & Industry. Thara’a, Dukhan Bank’s Shari’ah compliant savings account and the first in Qatar’s Islamic banking sector, offers account holders the chance to benefit from cash rewards up to 1,000,000 Qatari Riyals. Based on several criteria, Thara’a account holders are eligible for a number of periodic draws for cash prizes. Every month, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, every ......read more

Curia Business Group Kicked Off the First Cycle of the Business Innovation Program

The Curia Business Innovation Program, in collaboration with Microsoft, welcomed 3 aspiring entrepreneurs to the first cycle, which is focused on technology-based innovations. Doha, 21 December 2021:  Curia Business Group, a Qatari venture and management consultancy founded by Hussain Akbar Al Baker, has kicked off the first cycle of the Curia Business Innovation Program. Three entrepreneurs will reap the benefits of Curia’s intensive 12-week program, which due to the collaboration with Microsoft has focused solely on tech-driven innovative ideas. The three candidates were chosen based on the feasibility of their business idea and its viability in solving issues facing the Qatari market today. Throughout the Program, they will receive personalized, step-by-step guidance to take their technology idea from concept ......read more

QLM Official Insurer of Generation Amazing Festival 2021

QLM Life and Medical Insurance Company QPSC, a Qatari shareholding market leader in its industry, upholds the country’s sustainable progress by fully supporting the Generation Amazing Festival 2021.  Mr. Ahmad Mohamed Zebeib, Deputy CEO of QLM, commends the festival’s societal role in developing the youth through football which transcends beyond sport by providing opportunity for dialogue and convergence of people from different cultures as it waves the  theme, “All in.”  The festival lines up various activities ended on 18th December 2021 with the participation of delegates from 16 Arab countries whose teams compete in the first ever FIFA Arab Cup 2021 hosted by Qatar. This grand event showcases the most prominent achievements of the Generation Amazing in transforming the youth into better ......read more

A new Artificial Intelligence Centre of Excellence will help transform Qatar's Economy Report from Oliver Wyman highlights the benefits AI brings to Qatar's Vision6

19 December 2021:   A new report released by global management consultancy Oliver Wyman examines how Qatar can build on its economic diversification by developing world-class Artificial Intelligence (AI) applications and scale by creating an AI Center of Excellence (CoE). An AI CoE will help Qatar tap into this increasingly critical technology, ensuring that AI is applied for the benefit and support of Qatar’s national agenda, according to the report. Critically, AI has massive potential to diversify local economies, moving them away from oil and gas production.  “It can also play an important role in enabling national visions, ushering in a future of digital opportunity,” said Jad Haddad, Partner at Oliver Wyman. For Qatar, building an AI CoE will provide both an integral part of the ......read more

Qatar Post Launches new FIFA Classics Stamp ahead of the FIFA World Cup Qatar 2022™

Doha, Qatar – 16 December 2021:  Qatar Postal Services Company (Qatar Post) has announced the launch of the new FIFA Classics collection stamps ahead of the much-anticipated FIFA World Cup Qatar 2022™. The launch of FIFA Classics follows the agreement signed with Federation Internationale de Football Association (FIFA), under which Qatar Post is designated as the exclusive provider of stamps.  The FIFA Classics tie together the history of football from 2010 to 2018 in a series of vibrant stamps, highlighting the various countries where the World Cup has been held over the last 3 FIFA tournaments.  With just under one year to go, the State of Qatar will be the latest country to host one of the biggest and highly anticipated football competitions. The launch of the FIFA Classics stamp collection comes ......read more

Oxford Business Group Launches First Global Esg Ceo Survey

Executives are prioritising sustainability in new strategies, findings reveal December 13, 2021:  A survey carried out by global research and advisory company Oxford Business Group (OBG) assesses the observations of international C-suite executives on a broad range of issues related to environmental, social and governance (ESG) principles, including the impact of the Covid-19 pandemic on their decision-making. Titled “Renewed focus: How the Covid-19 pandemic shaped priorities around ESG principles”, this marks the first time the landmark survey has focused on ESG. Results comprise more than 350 respondents from across the regions covered by OBG, with questions concerning their current approach to ESG and incumbent challenges to growth. The results of the survey can be viewed in full at ......read more

Promofix Strengthens Regional Foothold with Qatar Office Opening

Promofix deepens investment in the region to develop regional relationships with key partners in Qatar  Doha, Qatar, December 12, 2021:   Promofix, a subsidiary and digital arm of UAE-based JGroup, today announced the opening of its new offices in Doha, Qatar. With the launch of its new office, Promofix aims to elevate its regional and global footprint by connecting brands in Qatar to the right audience through access to quality network, unique advertisement placements and generating ad impressions, ultimately enabling brands to meet user demands. Qatar is an important country in the Middle East with a big growth potential in the digital industry. The number of internet users in Qatar increased by 29,000 between 2020 and 2021, according to a report by DataReportal . The report showcases the growing digital ......read more

Dukhan Bank Announces the December Draw Winners of its Thara'a Savings Account Prize

Doha, Qatar – 11 December 2021 – Dukhan 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, the bank clients Mohsin Banibasheer and Nadia Alhabbab each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Adel Al-Baker, Saida Haroon, Samir Elmokadem, Qusai Abu Jamous, Shaikha Mohammad, Hend Al-Sunaidi, Khulood Mahmoudi, Alawi Aljuneid, Salem Elaraby, Abul Kalam Kakkidi, Aisha Al-Motawa, Ahmed Mahseon, Ahmed Badawi, Saiful Karim, Ramadan Elfert, Housine Karmous, Fatima Al-Saadi, Mohammed Al-Malki, Ali Al-Anzi, Khalid Al-Fadhala, Khalifa Al-Ammari, Juan Cardenas, Dashin Al-Qahtani, Ali Alkuwari, Maryam  Al-Baker, Abdulrahman ......read more

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Dukhan Bank Announces The Launch of the First Limited Edition, Eco-friendly Prepaid Card in Qatar…

Doha, Qatar – 05, December 2021:   In celebration of Qatar National Day 2021, Dukhan Bank has launched a first limited-edition of eco-friendly prepaid card in Qatar inspired by National Day. Applicants, whether new or existing customers, will also receive 1,800 additional DAwards points under the Bank’s highly popular Rewards program. Issued by one of ......read more

Masraf Al Rayan and Al Khaliji Complete Merger…

• First merger of publicly listed banks in Qatar, creating one of the largest Shari’ah compliant banks in the region with over QAR182 billion in total assets • With a robust capital position, and strong liquidity, the bank is in a prime position to accelerate Qatar’s journey towards Vision 2030 • Operating as Masraf Al Rayan with its head office in Lusail City, ......read more

Dukhan Bank Launches Personal Finance Campaign on the Occasion of Qatar National Day…

Doha, Qatar – December 04, 2021:  In celebration of Qatar National Day 2021, Dukhan Bank has launched a new campaign for personal finance. Successful applicants, whether new and existing customers, will enjoy a grace period of up to 18 months and will also receive 18,000 additional DAwards points under the Bank’s highly popular Rewards program.  The minimum ......read more

Dukhan Bank Announces Financial Results for the Third Quarter of 2021; Achieves Profit Growth of ...…

Doha-Qatar, November 28, 2021 - Dukhan Bank has released its financial results for the third quarter of 2021, recording a net profit of QAR 900 million, thus implying a 12% robust growth compared to the same period of last year.  The total income for the nine-month period ending September 30, increased to QAR 2,943 million resulting in a growth rate of 5% compared to QAR 2,805 million ......read more

MEEZA Reveals the Launch of its 4th M-VAULT 4 Data Center Building in Concurrence with its 13th ...…

Doha, Qatar - 27 November 2021: His Excellency Mohammed bin Ali Al-Mannai, Minister of Communications and Information Technology launched the 4th data center building of MEEZA “M-VAULT 4”, leading Managed IT Services and Solutions provider. The new data centre building hosts Microsoft Cloud data centre region offering cloud services to customers in Qatar, the region, and the ......read more

Dukhan Bank Names 10 Winners to Exclusive Hospitality Packages for FIFA Arab Cup Qatar 2021™…

Doha, Qatar – 23, November 2021:  Dukhan Bank, Qatar's leading banking player, has announced the winners for its exclusive hospitality package giveaways for the FIFA Arab Cup Qatar 2021™ in partnership with Visa. The ten winners namely Ahmed Moahmmed Al-Emadi, Camille Dirani, Hamid Raza Hamid, Ahmad Atiq Alnaimi, Abdulla Hassen Al-Abdulla, Mohammed Adel Abu-Karbal, ......read more

QIC Group Successfully Participates in Qatar Travel Mart 2021…

November 23, 2021: Qatar Insurance Group, the leading insurer in Qatar and the MENA region has successfully participated and sponsored Qatar Travel Mart (QTM 2021) – the first exhibition of its kind in Qatar to promote both inbound and outbound tourism, which catered specifically to the travel and tourism industry. In line with QIC Group’s CSR priorities and initiatives for the ......read more

Dukhan Bank Launches AI Powered Virtual Assistant ‘Rashid' Online and on WhatsApp…

Doha - 21, November 2021:  In yet another leap towards improving customer convenience and offering a seamless banking experience, Dukhan Bank, Qatar's leading banking player, has launched an interactive, multi-channel virtual assistant “Rashid” to assist customers with online inquiries in an easy and fast manner. Inspired by its name that means “guide”, Rashid ......read more

Dukhan Bank Announces the November Draw Winners of its Thara'a Savings Account Prize…

Doha, Qatar – 14 November 2021:   Dukhan 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, the bank clients Ahmed Own and Mohamed Aladem each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was ......read more

Results of AACO 54th AGM…

Doha – November 13, 2021:  AACO 54th Annual General Meeting, that was held today in Doha-Qatar, decided the adoption of “net zero emissions” target as of 2050, based on the following strategy which relates to the joint responsibility of all sectors concerned with civil aviation. The AGM also called upon the European Union to respect the clause included in the annex of ICAO ......read more

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