Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
LG Releases Preliminary Earnings For Third-Quarter 2021

October 13, 2021:   LG Electronics Inc. (LG) today announced its preliminary earnings results for the third quarter of 2021. LG reported tentative consolidated revenues of KRW 18.8 trillion, an increase of 22 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. In line with current accounting standards, LG will include a provision of approximately KRW 480 billion in the third quarter for the recall of the Chevy Bolt EV. Operating profit of KRW 540.7 billion is expected to be 49.6 percent lower than the third quarter a year ago after reflecting the recall provision. LG Electronics terminated its mobile phone business at the end of July and is treating the Mobile Communications Company’ performance as a discontinued operating loss. Earnings for the ......read more

GWC Showcases World-Class Infrastructure and Readiness for FIFA World CupTM as UPS Visits Logistics Facilities

Qatar, 11 October 2021 - Strong economic growth and a strategic location are among the key advantages that reinforce Qatar as a trade and investment hub in the Middle East. The country’s logistics market has been growing steadily over the past five years - it is estimated to be valued at more than USD 7.5 billion and is estimated to register a CAGR of more than 7% during 2021-2026. The growth of the market can be attributed to the new expansion plans as the country is hosting the 2022 FIFA World CupTM.  With massive investment in infrastructure, numerous new projects, and an e-commerce boom, Qatar’s logistics sector has been expanding rapidly, a development that GWC is committed to support as a leading logistics provider and the Authorized Service Contractor of UPS in Qatar.   Following the recent ......read more

Financial Results For The Nine Months Ended 30 September 2021

October 10, 2021:  QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, announced its results for the nine months period ended 30 September 2021. Net Profit for the nine months period ended 30 September 2021 reached QAR10.3 billion (USD2.8 billion), an increase of 8% compared to the same period last year. Operating Income grew by 8% to reach QAR20.7 billion (USD5.7 billion) as a result of QNB Group’s ability to generate sustainable growth across a number of revenue segments. Total Assets reached QAR1,084 billion (USD298 billion), an increase of 10% from 30 September 2020, mainly driven by strong growth in Loans and advances by 7% to reach QAR766 billion (USD210 billion). Diversified mobilization of customer deposits contributed to the increase in customer deposits by 10% to reach ......read more

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

Doha, Qatar – 09, October 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 Adel Al-Baker and Hamad Altamimi each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Mohamed Maddahi and Mohamed Alyafay. 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. On a monthly basis, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, quarterly there are 2 winners per draw for the ......read more

Al Khaliji Shareholders Approve Merger with Masraf Al Rayan

● Approval of all Extraordinary General Meeting (EGM) agenda items, including approval of proposed Merger with Masraf Al Rayan ● Suspension of trading in al khaliji shares until the completion of the Merger ● Dissolution of al khaliji for the purpose of the Merger subject to all applicable laws and regulations ● On track towards creating one of the largest, leading Sharia-compliant banks in the region   Doha - 07, October 2021: Al Khalij Commercial Bank (al khaliji) P.Q.S.C. (“al khaliji”) today successfully held its Extraordinary General Meeting (“EGM”) electronically during which the shareholders of the bank considered and passed five resolutions pertaining to the ongoing merger (the “Merger”) with Masraf al Rayan Q.P.S.C. (“Al ......read more

Grey Doha and KidZania Inaugurate Mini-Advertising Agency for Qatar's Future Marketers

Doha, Qatar October 5, 2021 – Grey Doha, leading global advertising and marketing agency, and KidZania Doha, the award-winning globally recognized edutainment concept, have announced the inauguration of a kid-sized mini-agency at the edutainment city located at the heart of Aspire Park, with the aim to provide children with a chance to explore the world of advertising and equip them with valuable skills as future marketers of the nation. Speaking at the launch event, Krikor Khatchikian, Managing Director at Grey Doha, said: “Grey is proud to join hands with KidZania, one of the leading Edutainment brands in the world, to unravel the exciting world of Kidz-vertising to our little ones. We are extremely happy to be part of the KidZania family and kickstart a new journey where we have the unique opportunity to nurture ......read more

Qatar Primed for Export Boost Supported by Robust Maritime Logistics Ecosystem

Milaha’s diversification strategy and sustainable development plan boost resilience, according to Oxford Business Group’s latest Covid-19 Response Report     Doha, October 04, 2021:   A new Covid Response Report (CRR), produced by Oxford Business Group (OBG) in partnership with the maritime and logistics company Milaha, explores the potential for the country’s international trade volumes to recover this year as national efforts to diversify the economy gain momentum. The CRR provides in-depth analysis of the country’s response to the pandemic in an easy-to-navigate and accessible format, focusing on key data and infographics relating to its socio-economic landscape.    The report shines a spotlight on the North Field expansion project, which will strengthen Qatar’s ......read more

Ogilvy Names Patou Nuytemans Regional Chief Executive Officer for EMEA

September 30, 2021:  Ogilvy announced today that Patou Nuytemans will assume the role of Chief Executive Officer of Ogilvy EMEA. Patou will be responsible for driving all aspects of Ogilvy’s business across Europe, the Middle East and Africa which spans Public Relations, Growth & Innovation, Advertising, Health, and Experience. She takes over for Paul O’Donnell, who will continue serving in his role as Regional Chairman and partner closely with Patou. Headshots available here. Andy Main, Global CEO of Ogilvy, said: “Anyone who has had the chance to work with Patou will tell you that she not only fosters a culture of creative, strategic and operational excellence, but also leads with empathy and compassion. Throughout her career, she has demonstrated how Ogilvy can drive business-changing, life-changing ......read more

Oxford Business Group to Mark Return to Qatar With Landmark 2022 Report

Forthcoming analysis to explore country’s post-pandemic growth plans Doha, September 19, 2021 Oxford Business Group (OBG) has relaunched its operations in Qatar following a one-year break necessitated by the Covid-19 pandemic.  Its on-the-ground team is once again being led by Country Director Izabela Kruk, who has been overseeing operations for OBG there since 2016. Kruk previously spearheaded the information-gathering process in several other regional markets covered by the group, including Saudi Arabia, Kuwait and Bahrain, and additionally spent time leading OBG’s teams in the field across Latin America and Asia.  In a separate development, Kruk was also recently appointed GCC Sustainability Director – a newly created role that she takes on in parallel and which reflects the added focus that ......read more

MEEZA Achieves Gold Partner Status in HPE Partner Ready for Service Providers Program

Doha, Qatar –15 September 2021:   MEEZA, Qatar’s pioneering managed IT services centre, has achieved Gold partner status in the ‘HPE Partner Ready for Service Providers’’ program, MEEZA is the only certified Service Provider partner for HPE in Qatar today, and one of only 140 partners who have reached the highest, Gold Service Provider partner status, globally, As such, Meeza will be endorsed as an official HPE Gold Service Provider partner to HPE customers and partners.  joining over 400 leading service providers around the world to deliver Hewlett Packard Enterprise’s innovative solutions for managed and cloud-based services.  The HPE Partner Ready Program brings together leading service providers from around the world for hosting, managed, and cloud-based services that ......read more

Ogilvy Names Ben Messiaen Chief Client Officer for EMEA

September 15, 2021 — Ogilvy is pleased to announce that Ben Messiaen has been named Chief Client Officer for EMEA. Shared Paul O’Donnell, CEO Ogilvy EMEA, “Throughout his career at Ogilvy, Ben has effectively galvanized teams to drive transformative ideas that create impact. He brings to this role extensive experience using the full spectrum of Ogilvy’s capabilities to generate value for our clients, especially as they continue navigating an ever-changing landscape. In his new role Ben will work in close partnership with our go-to-market team and the leaders of our five business units as well as with our expert groups and geographic market leaders.”   From Belgium, Messiaen started at Ogilvy Brussels and then Ogilvy Paris where he has worked for the last 15 years.  Initially on IBM Europe; ......read more

Dukhan Bank announces the September draw winners of its Thara'a savings account prize

Doha, Qatar – 11 September 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 Mohammed Al-Binali and Hind Al-Binsaeed each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Ameera Al-Saadi, Ayed Banibasheer, Habib Salhi, A.Aziz Fakhroo, Naiel Saleh, Abdulla Basahl, Ghaith Alan, Maryam Al-Attiyah, Marlo Enriquez, Sana Alrashed, Ibrahim Al-Fadhala, Abdulrahman Banibasheer, Jassim Fakhroo, Rowaida Taha, Fatma Al-Marafi, Barka Shabal, Nadia Aboramadan, Yousuf Al-Sahel, Ammar Alnajem, Shahd Al Ajmi,Khadija Al-Haddad, Jassim Riashi, Wafa Mohamed, Mariam Omar, Ali Alnasser, Khalifa Al Kaabi, Shaikha ......read more

Once again QIC Group is the Official Insurance Sponsor of S'hail

September 7, 2021: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of S’hail 2021 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve and promote the art of hunting and falconry. Commenting on the sponsorship, Mr. Ahmed Al jarbeoy, chief operating officer QIC, Qatar operations said, “As the leading insurer in Qatar, we have a long standing commitment to acting as a trusted and ethical partner with the Qatari community and to playing a vital role in the sustainability of Qatar’s social fabric.” He further added, “We have ensured that the core values of our business and operating principles align with ......read more

Dukhan Bank Named Best Islamic Digital Bank in Qatar 2021 and Most Innovative Digital Bank in Qatar 2021 by Global Finance

Doha, Qatar – August 29, 2021:   Dukhan Bank has received two awards by New York-based Global Finance Magazine for ‘Best Islamic Digital Bank in Qatar (2021)’ and the ‘Most Innovative Digital Bank in Qatar (2021)’.    Global Finance is a leading international magazine and industry analyst that evaluates and awards the top performs among banks and other providers of financial services on global and regional levels in categories of technology, leadership, brand, and sustainability among others, covering over 150 countries and territories around the world.    The categories of Best Islamic Digital Bank and the Most Innovative Bank give recognition to financial institutions that display strength in strategy for attracting and servicing digital customers, success ......read more

Curia Business Group Launches Business Innovation Program

The Curia Business Innovation Program is a personalized, step by step guide for aspiring entrepreneurs with an innovative idea to launch their startup in Qatar. Applications for the first cycle of the Program, which is technology-themed, will be open from 2X August until 30 September 2021. Doha -  26, August 2021:  Curia Business Group, a Qatari venture and management consultancy founded by Hussain Akbar Al Baker, has announced the launch of its incubator program, Curia Business Innovation.  The Curia Business Innovation Program has been designed to provide aspiring entrepreneurs with a personalized step-by-step guide to take their business idea from concept vision to reality. Curia has years of experience in establishing new businesses and catering to entrepreneurs and small and medium-sized enterprises ......read more

Dukhan Bank Wins Two Accolades at the International Finance Awards 2021

• Best Digital Transformation Bank in Qatar 2021 • Best New Contactless Payment Platform in Qatar 2021 – Dukhan Pay (D-Pay)    Doha, Qatar – August 22, 2021:  Dukhan Bank has been awarded two accolades by the International Finance Awards 2021 as the Best Digital Transformation Bank in Qatar 2021 and the Best New Contactless Payment Platform for Dukhan Pay (D-Pay) in Qatar 2021. The awards stand testament to the bank’s resolute commitment towards incorporating state-of-the-art technologies in expanding its rich portfolio of innovative products and services that are in line with its digital transformation strategy.   The International Finance Awards gives recognition to global businesses across multiple industries including banking, finance, and wealth management for ......read more

Dukhan Bank Brings Apple Pay to Customers

A safer, more secure and private way to pay with iPhone and Apple Watch Doha, Qatar – August 17, 2021: Dukhan Bank, Qatar's leading banking player, today brings its customers Apple Pay, a safer, more secure and private way to pay that helps customers avoid handing their payment card to someone else, touching physical buttons or exchanging cash — and uses the power of iPhone to protect every transaction. Customers simply hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, taxis, restaurants, coffee shops, retail stores, and many more places. Customers can also use ......read more

IDC to Provide Expert Guidance on Building a Digital-Resilient Future Enterprise at Virtual CIO Summit in Qatar

Doha, 15, August 2021:  International Data Corporation (IDC) is delighted to announce that this year's edition of the IDC Qatar CIO Summit will take place online on Monday, September 20 under the theme 'Innovative Digital Strategies: Evolving to the Demands of a New Reality'. Hosted on IDC's fully immersive virtual platform, the event will bring together senior business leaders, influential IT heads, and respected industry analysts to share their collective expertise on how best to meet the unique challenges of these unprecedented times. "The enablement of a Future Enterprise must be the end goal for any business looking to rapidly adapt and respond to any further business disruptions that lie in wait," says Jyoti Lalchandani, IDC's group vice president and regional managing director for the Middle ......read more

Euro Area Recovery Becomes More Robust Thanks to Rapid Vaccination

Home News Euro area recovery becomes more robust thanks to rapid vaccination Sun, 15 Aug 2021 Introduction: Tight restrictions were necessary to arrest a winter surge of Covid-19 infections earlier in the year, but also led to weaker economic activity across the Euro area. Fortunately, rising vaccination rates have already substantially reduced the number of active Covid-19 cases. Governments are already beginning to ease restrictions, and consumers are eager to take advantage of life without confinement. This week, our analysis considers the outlook for economic activity, inflation, monetary policy and fiscal policy across the Euro area. Economic activity: The Euro area economy had a weak start to 2021, with GDP contracting by 0.6% in the first quarter of the year compared to the fourth quarter of 2020. Retail sales fell ......read more

Dukhan Bank announces the August draw winners of its Thara'a savings account prize

Doha, Qatar – 14, August 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 Ibrahim Khan and Sedreya Al-Abdulla each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Farouk Hamze, Loai Altawil, Abdulmajeed Alyafei, Abdullah Karaminejad, Saif Al-Kuwari, Bashar Jaser, Belal Atout, Bheemappa Khot, Hirok Dutta, Yazan Kaddoura, Adam Khan, Husam Alramahi, Abdulla Al-Hajri, Barakah Alreshidi, Nidal Dweik, Mohammed Al-Malki, Abdulrahman Fakhroo, Sahar Kardia, Kamarunnisa Faizal, Hussain  Al-Mulla, Alanoud Alenazi, Ahmed Al-Darwish, Zalina Zaimah, Mohamed Al-Malki, Ali Salatt, Jamal Al-Mohammadi, Layan ......read more

Standard Chartered Global Focus Q3 2021: Navigating a Vulnerable Recovery

25, July 2021:  Standard Chartered expects global growth to rebound to 5.8% in 2021 from -3.3% in 2020 as economies reopen and vaccination rollouts gain momentum.   According to the latest Global Focus – containing the Bank’s economic forecasts for Q3 – it sees two key downside risks to the outlook: (1) a more extensive resurgence of pandemic cases resulting from new variants, which could force the extension or re-imposition of restrictions; and (2) a more sustained surge in inflation that damages consumer confidence and forces a swifter tightening of monetary policy.   The two risks are linked, as current supply-chain pressures (and related costs) could worsen if a COVID resurgence disrupts global production again. Eighteen months on from the first COVID-19 cases, some parts of the world are ......read more

New Covid-19 Response Report Charts Qatar's Bid to Bolster Food Security and Step Up Local Production

Lula Hypermarket and Oxford Business Group team up for latest project Doha, July 25, 2021:  A new Covid-19 Response Report produced by Oxford Business Group (OBG) in partnership with the retail chain Lula Hypermarket, maps out Qatar’s successful efforts to strengthen food security and enhance self-sufficiency by stepping up domestic production capacity and easing reliance on imports. Titled “Food Security in Qatar”, the report provides in-depth analysis of the topic, ranging from food production to retail, in an easy-to-navigate and accessible format, supported by key data and infographics.  The report explores Qatar’s preparedness for the food security challenges that accompanied the pandemic, which led to a sharpened focus on agri-tech solutions, such as vertical farming and hydroponic ......read more

Bedaya Center Hosts Feasibility Study Impact Workshop for Entrepreneurs

Doha, Qatar – 22, July 2021:  Bedaya Center for Entrepreneurship and Career Development (Bedaya Center), a joint initiative by Qatar Development Bank and Silatech, in collaboration with the renowned “Bait al Mashura Finance Consultations”, successfully concluded a workshop, which highlighted the importance of feasibility study and ways of conducting and preparing it. The workshop was live streamed via the interactive “ZOOM” video communications platform.  During the workshop, a certified Consultant at Bait al Mashura Finance Consultations, highlighted the importance of concept review and vitality of the economic feasibility study, and harped on its content, the steps needed for preparing it, the importance of acquiring the skills for formulating pilot studies. He also highlighted the basics ......read more

Al Khaliji Reports H1, 2021 Net Profit of QAR 372 Million – 3% Growth Year on Year

• Net profit of QAR 372 million, an increase of 3% year on year • Net Operating Income grew 13% year on year, ending at QAR 750 million • Operating expenses of QAR 168.5 million, resulting in a cost/income ratio of 22.5% • Loans and Deposits increased by 12% and 9% year on year respectively  • The Capital Adequacy ratio stood at a healthy 20.3%   Doha, July 15, 2021: Al Khalij Commercial Bank (al khaliji) P.Q.S.C., announced its financial results for the half year ended June 30, 2021, reporting a Net Profit of QAR 372 million. This represents an increase of 3% 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 are pleased to report a steady set ......read more

Qatar FinTech Hub, a QDB Incubator, Concludes Demo Day for Wave 2 of its Incubator and Accelerator Programs and Opens Applications for Wave 3

Doha, Qatar – 15, July 2021: Qatar FinTech Hub, founded by Qatar Development Bank (QDB), to support the growth of the FinTech industry in Qatar, has concluded the Second Virtual Demo Day for Wave 2 of its flagship Incubator and Accelerator Programs which was held on 1st July 2021. Sponsored by Doha Bank, QFTH Demo Day for Wave 2 presented the ideal launchpad for 22 graduating FinTechs as they got to introduce a host of new and empowering services that would accelerate the digital transformation of the local, regional, and global financial markets. The event saw the participation of 11 early-stage startups and 11 mature FinTechs, including remarkable FinTechs from Qatar such as Snoonu Trading and Services, a beyond one stop shopping and delivery service with payments functionality; Karty, a payment card paired with a ......read more

LG Releases Preliminary Earnings for Second-quarter 2021

July 12, 2021:  LG Electronics Inc. (LG) today announced its preliminary earnings results for the second quarter of 2021. LG reported tentative consolidated revenues of KRW 17.1 trillion, an increase of 48.4 percent from the same quarter the previous year and the highest quarterly revenue in the company’s history. Operating profit of KRW 1.1 trillion is expected to be 65.5 percent higher than the second quarter a year ago. With the official closure of the LG Mobile Communications Company at the end of the month, the unit’s earnings will not be reflected in this quarter’s earnings report and will be treated as discontinued operating losses. Earnings for the first quarter of 2021 will also be adjusted to reflect this change, to KRW 17.8 trillion in revenues and KRW 1.8 trillion in operating profit. These ......read more

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

Doha, Qatar – 11, July 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 Shaikha Al-Mass and Yousef Awad each won a cash prize of 50,000 Qatari Riyals. Also, a cash prize worth 25,000 Qatari Riyals was awarded to Rana Salman and Mohammad Al-shiram. 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. On a monthly basis, there are 42 winners per draw for the cash prize of 5,000 Qatari Riyals each, as well as 2 winners per draw for the cash prize of 10,000 Qatari Riyals. Additionally, quarterly there are 2 winners per draw for the ......read more

Dukhan Bank Announces the Successful Debut Issuance of Additional Tier 1 USD500m Sukuk at the Lowest Price for this Type of Issuance in Qatar

• Issuance of Additional Tier 1 Sukuk with a value of USD500m and profit rate of 3.95%. The issuance was more than 4.5 times oversubscribed with order books peaking at USD2.35bn • The significant demand for the issuance confirms the strength of the financial position and the confidence enjoyed by Dukhan Bank and the Qatari economy amongst the global investor community.  Doha, Qatar – 8, July 2021: Dukhan Bank announced the issuance of its debut Additional Tier 1 USD500m Sukuk. The Sukuk is priced with a profit rate of 3.95%, the lowest rate for this type of issuance in the Qatari market. In addition to providing the lowest pricing in Qatar, the books were covered 4.5 times, peaking at USD2.35 billion. This is reflective of the strength of the Qatari economy, which enjoys significant global confidence. ......read more

Masraf Al Rayan and Al Khaliji appoint Fahad Bin Abdalla Al Khalifa as Group CEO of the Merged Entity

Doha 5, July 2021- Following the merger announcement on January 7, 2021, Masraf Al Rayan QPSC (“Al Rayan”) and Al Khalij Commercial Bank (al khaliji) PQSC (“Al Khaliji”) have announced the appointment of Mr. Fahad Bin Abdalla Al Khalifa as the "Group CEO" of the merged bank from the date the shareholders of both banks Al Rayan and Al Khaliji approve the merger and obtaining Qatar Central Bank final approval on the merger, subject to all necessary approvals on the appointment. Following the merger, Al Khaliji's business will be absorbed into Al Rayan's business, and Al Rayan will be the remaining legal entity, which will continue to operate in accordance with Islamic Shari’ah principles. Mr. Al Khalifa is a senior banker with over 25 years of experience. He started his career in ......read more

QIB's Financial Literacy Program ‘How Money Works?' Sees 1629 Students Benefit Over 3 Academic Years

The program reached students of 82 high schools and universities in Qatar with 41 QIB volunteers taking part in the program’s sessions since 2018 Doha, Qatar – 01, July  2021: Qatar Islamic Bank (QIB) announced the successful conclusion of its financial literacy program ‘How Money works?’ in its third academic year with 1629 high school and university students benefiting from the program since its launch in 2018. Developed by QIB in collaboration with INJAZ Qatar, the program has reached students of 82 high schools and universities in Qatar, and its sessions were held by 41 QIB volunteers who took part in delivering the program’s sessions across the past three academic years. All sessions were tailored to introduce secondary and first year university students to best practices related ......read more

Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 15 July 2021

Al Khalij Commercial Bank (al khaliji) PQSC announces that its Board of Directors will meet on 15 July 2021 to approve and disclose Q2 2021 results. 

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Qatar FinTech Hub, a QDB Incubator, Hosts Demo Day for Wave 2 of its Incubator and Accelerator Programs

Innovative and leading FinTechs from across the globe to showcase their solutions on 1st July    Doha, Qatar – 29, June 2021:  Qatar FinTech Hub (QFTH), founded by Qatar Development Bank (QDB) to support the growth of the FinTech industry in Qatar, has announced the Demo Day for Wave 2 of its flagship Incubator and Accelerator Programs which will take place on 1st July 2021, virtually. QFTH Demo Day for Wave 2, sponsored by Doha Bank, will be one of the major FinTech events in the region hosting key players from the local financial services ecosystem, as well as investors, global startups, international FinTech hubs, aspiring entrepreneurs and FinTech enthusiasts.  Under the theme, ‘Emerging Technologies’, the program has received tremendous traction during Wave 2 with over 550 ......read more

QIB-UK Presents The Real Estate View from London Report June 2021

June 27, 2021:  Following the latest QIB-UK Real Estate View from London Report, in this issue we discuss the state of the sector almost one and a half years on since the onset of COVID-19, as well as take a closer look at the latest updates around the fight against the pandemic, vaccination pace, the relaxation of travel restrictions, and other factors impacting the London Property market today.  London’s Real Estate Sector Coping with COVID-19 Since the emergence of the Pandemic, the London prime residential markets are exhibiting signs of successfully being able to cope with most of the COVID-related disruptions, supported by the stamp duty holiday in place since summer 2020. According to data consultancy LonRes, the  number of Prime Central London (PCL) transactions that took place in March 2021 is ......read more

Day 3 of the ‘Qatar Economic Forum, Powered by Bloomberg' Explores Diverse Themes, Including Technology, Sustainability, Food Security, Travel and Tourism and Real Estate

The inaugural “Qatar Economic Forum, Powered by Bloomberg” has been welcoming a global delegation of more than 2,000 government leaders, chief executives, influential voices and decision-makers in the fields of finance, economics, investment, technology, energy, education, sports and climate in an effort to identify opportunities, present solutions and rethink the global economic landscape through the lens of the Middle East.   Highlights from Day 3’s industry roundtable discussions and Session 5 include:    ● 5G Growth Goals: A Turbo-boost to Commerce: Jawad Abbassi, Head of MENA, GSMA; Ernest L. Cu, President and CEO, Globe Telecom; Katrina Luna-Abelarde, FVP and Head of International & Carrier Business Group, PLDT-Smart; Mysore Madhusudhan, Executive Vice President, Collaboration ......read more

Day 2 of the ‘Qatar Economic Forum, Powered by Bloomberg' Explores Digital Transformation and Its Effects on Business and Society

The inaugural “Qatar Economic Forum, Powered by Bloomberg” opened yesterday, welcoming a global delegation of more than 2,000 government leaders, chief executives, influential voices and decision-makers in the fields of finance, economics, investment, technology, energy, education, sports and climate in an effort to identify opportunities, present solutions and rethink the global economic landscape through the lens of the Middle East.   Highlights from the Day 2 morning sessions include:    ● The A-Z of Digital, Ruth Porat, CFO, Alphabet and Google, in conversation with Erik Schatzker, Host, Bloomberg Television,   ● Business and Behavior Transformed, Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises, in conversation with Haslinda Amin, Correspondent and Anchor, ......read more

The ‘Qatar Economic Forum, Powered by Bloomberg' to Commence on June 21 with an Opening Speech from His Highness the Amir of the State of Qatar

June 22, 2021: The inaugural “Qatar Economic Forum, Powered by Bloomberg” opened today, welcoming a global delegation of more than 2,000 government leaders, chief executives, influential voices and decision-makers in the fields of finance, economics, investment, technology, energy, education, sports and climate in an effort to identify opportunities, present solutions and rethink the global economic landscape through the lens of the Middle East.   Highlights from Day 1 include:    ● Opening address from His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar    ● H.E. Cyril Ramaphosa, President of the Republic of South Africa; with Zain Verjee, Host and Executive Producer of the Qatar Economic Forum, Powered by Bloomberg    ● H.E. ......read more

Forbes Ranks QIC Amongst Top 100 Listed Companies in The Middle East, and Top Insurance Company on The List

June 21, 2021:  Qatar Insurance Company (QIC) was listed amongst the top 100 companies in the Middle East by Forbes Middle East Magazine’s annual ranking of the top 100 listed companies in the region for 2021. The company was ranked top insurance company in the Middle East according to the same ranking. The prestigious ranking features the region’s biggest, most valuable and profitable companies.   The new ranking reflects QIC’s ability to withstand continuity considering the COVID-19 pandemic, and its success in maintaining its longstanding position as the largest insurance company in the MENA region.  Forbes Middle East’s – a licensed edition of Forbes for the Arab World -  selection of Top 100 companies in the Middle East is based on collected data from listed stock ......read more

DIFI Named One of the Most Renowned Family Focused Organizations in the Arab World

QF member recognized for local, regional, and international efforts  Doha, Qatar, June 21, 2021: Doha International Family Institute has been named the “Best Organization to Support Family Issues in the Arab Region” for 2020 by the Department of Women, Family and Childhood in the Social Affairs Sector of the League of Arab States. The award, announced by the League of Arab States (LAS) through the permanent delegations, recognizes organizations that highlight family issues and promote societal cohesion, while encouraging the protection of families. DIFI was nominated by Ministry of Administrative Development, Labor and Social Affairs to represent the state of Qatar.  Dr. Sharifa Noaman Al Emadi, Executive Director, DIFI – a member of Qatar Foundation – said: “It is a honor for DIFI to ......read more

QIB Announces the Final Lexus LX 570 Winner Part of Exclusive Salary Transfer Offer

Doha, Qatar – 19 June 2021:  Qatar Islamic Bank (QIB) has announced the third and final Lexus LX 570 Winner as part of the Bank’s Salary Transfer offer. The offer, ended in May, provided 3 QIB customers the chance to win luxury Lexus cars, in addition to a range of exclusive benefits for all customers transferring their salaries and finance to QIB between February and May 2021. QIB customer Ms. Khloud Rashed Al-Marri was the third lucky winner who drove home the latest Lexus LX 570, following the offer’s third and last draw, conducted last week in the presence of representatives from the Ministry of Commerce and Industry and QIB officials. Ms. Khloud Rashed Al-Marri said: “Choosing QIB as my bank was one of the best financial choices in my life. I would like to thank QIB for this amazing prize, and I am ......read more

The ‘Qatar Economic Forum, Powered by Bloomberg' to commence on June 21 with an opening speech from His Highness Sheikh Tamim bin Hamad Al Thani, the Amir of the State of Qatar

Global government leaders include H.E. Nana Akufo-Addo, The Rt Hon Boris Johnson, H.E. Paul Kagame, H.E. Cyril Ramaphosa, H.E. Macky Sall, and H.E. Armen Sarkissian  More than 100 speakers from around the world will participate in the forum including H.E. Ali bin Ahmed Al Kuwari, David Beckham, Gordon Brown, Natarajan Chandrasekaran, Hillary Rodham Clinton, Dr. Herbert Diess, Didier Drogba, Dr. Leila Fourie, Ignacio Galán, Mo Ibrahim, Graça Machel, Ngozi Okonjo-Iweala, General David H. Petraeus, Ruth Porat, Stephen A. Schwarzman, Jane Sun, Baroness Shriti Vadera, Ben van Beurden, Axel Weber, and many others DOHA, June 19, 2021 – His Highness Sheikh Tamim bin Hamad Al Thani, the Amir of the State of Qatar, will deliver the opening speech at the “Qatar Economic Forum, powered by Bloomberg” which will ......read more

Other Top Stories from Banking and Investments
 
QIB Launches New Generation of its Top and Most Rated Mobile Banking App in Qatar…

The new App is offering a new leading-edge user experience, marking a significant shift in the bank’s customer-centric approach  Following the latest international standards, the new App gives customers full control over their finances at anytime from anywhere in the world  Doha, Qatar – 14 June 2021:  Qatar Islamic Bank (QIB), Qatar’s leading digital ......read more

Dukhan Bank announces the June draw winners of its Thara'a savings account prize…

Doha, Qatar – 12 June 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 Ameera  Al-Saadi and Ahmed Al-Kaabi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was ......read more

MEEZA Attains for its First time 4 Microsoft Gold Certifications…

Doha, Qatar –12 June 2021 – MEEZA, Qatar’s pioneering Managed IT services and solutions provider, has been awarded 4 Gold certifications in the domains of Cloud Platform, Application Development, Application integration and Data Centre offerings hence achieving the Gold Partner status by Microsoft. The enhanced partnership status recognizes MEEZA’s outstanding efforts in ......read more

QIB and Mastercard Announce Cards Summer Campaign…

Doha, Qatar - 12 June 2021:  Qatar Islamic Bank (QIB) has partnered with Mastercard to launch the 2021 edition of its annual ‘Cards Summer Spends’ promotion for Mastercard Credit and Debit cardholders.  Customers who will use their QIB Mastercard Debit Card internationally or Mastercard Credit Card locally or internationally between 1st June and 31st August 2021 will ......read more

Qatar Viewpoint: Back to (Gas) Basics…

June 10, 2021:   Macro: Back to (gas) basics Qatar's renewed Liquefied Natural Gas (LNG) expansion plans could have important economic and market implications over the medium-term. Qatar Petroleum (QP) is planning to increase LNG production capacity in 2027 by 63% to 126mtpa. We estimate the economy could now double in size, with nominal GDP reaching cUS$300bn by 2027. This is ......read more

Bassel Gamal, QIB's Group CEO, Reveals What He Believes Is Islamic Banking's Biggest Challenge…

Group CEO of Qatar Islamic Bank, Bassel Gamal Mr. Bassel Gamal, QIB’s Group CEO, gave an interview to Forbes Middle East magazine. Featured on the cover page, where he shed light on QIB’s development and growth achieved despite the COVID-19 challenges. He stated that the great success the Bank has achieved on the level of digitizing its products and services was only realized ......read more

Snoonu Launches a ‘No Riders Under the Sun' Initiative to Protect its Drivers from the Summer Heat…

Starting from mid-May, Snoonu has halted deliveries via their vast fleet of motorbikes during the day, transitioning exclusively to car deliveries for the summer season  08 June 2021 – Doha, Qatar:  Qatar’s leading tech startup, Snoonu, is pleased to announce the launch of its ‘No Riders Under the Sun’ initiative, aimed at preserving the health and ......read more

QIB Awarded Islamic Bank of the Year in Qatar and the UK…

At The Banker Magazine’s “Islamic Bank of the Year 2021” Awards Doha, Qatar – 5 June 2021: Qatar Islamic Bank (QIB) has received the prestigious ‘Islamic Bank of the Year in Qatar’ for the 9th consecutive year, and ‘Islamic Bank of the Year in The United Kingdom’ at The Banker Magazine’s Islamic Bank of the Year 2021 Awards. The two ......read more

Snoonu Joins Qatari Delegation at Saint-Petersburg Economic Forum…

Between 2-5 June, Snoonu will take part in this unique event bringing together world political and economic leaders since 1997 This year, Qatar joins the Forum as the official Guest Country with the third-largest delegation in the history of the forum  Snoonu will take part in the forum alongside nine other handpicked SMEs selected to accompany Qatar Development Bank at the ......read more

MEEZA Achieves Cisco Gold Service Integrator and Gold Service Provider Certificate, a first-time ...…

June 05, 2021:  MEEZA announced the achievement of multiple Cisco Gold partnership levels, including for the first time in the state of Qatar the Gold Service Provider and Service Integrator certificates. With such achievements, MEEZA continues to expand its role as a trusted advisor and a digital transformation partner for our clients who look to Cisco advanced solutions for an unmatched ......read more

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