Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
LG Announces 2022 Financial Results

Highest Full-Year Revenue in LG Electronics’ History with Continuous Growth Based on Strong Fundamentals DUBAI, January 30, 2023 — LG Electronics Inc. (LG) announced full-year 2022 consolidated revenue of KRW 83.5 trillion with operating profit of KRW 3.6 trillion.  In 2022, LG achieved its highest annual revenue ever – surpassing KRW 80 trillion for the first time in its history – increasing 12.9 percent over 2021, when sales exceeded KRW 70 trillion for the first time. The record sales reflect continuous growth based on strong fundamentals, although full-year profitability was impacted by challenging global economic conditions. The company’s revenue growth 2022 was driven by strong demand for premium home appliances and automotive parts. For the seventh consecutive year, the appliance ......read more

QInvest Announcing Extending the Book Building Subscription Period until 9 February for the Potential IPO of MEEZA

• Qualified Investors are engaged in discussions for orders, and have requested an extension of the subscription period. • Regulatory approval to extend has been received, Qualified Investors will use this extension to finalize internal approvals and submit their orders.   Doha, 30 January 2023   QInvest LLC, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, acting in its capacity as Listing Advisor and Offering Manager on the potential initial public offering of MEEZA QSTP LLC, a leading provider of end-to-end IT services in Qatar, hereby announces, as per Qualified Investors request, extending the Book Building Subscription Period by 10 business days to end at 3:00PM local time on 9 February 2023. Qualified Investors will use this extension to ......read more

Qatar Insurance Company Named “Insurer of The Year in Qatar” at The MENA IR Awards 2023

This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence Doha, 30th January 2023 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, was named “Insurer of The Year in Qatar” for the second consecutive year at The MENA IR Awards 2023. QIC’s recognition took place at the program’s annual awards ceremony held last week in Dubai and attended by senior representatives of regional and global insurers, rating agencies, and auditors. This prestigious accolade comes in recognition of QIC’s exceptional performance at the levels of product digitization and customer service excellence over the past 12 months, offering customers in Qatar the best coverage options and the unique ......read more

IN-Q Celebrates 10 Years of IDAM at the Museum of Islamic Art with Exclusive Chef's Table hosted by Alain Ducasse

Qatar Museums, IN-Q Enterprises and Groupe Ducasse Paris celebrated 10 years of collaboration with an exclusive Chef’s Table evening with VIP guests as well as Doha’s top influencers and media who enjoyed an elaborate culinary presentation with Alain Ducasse Doha, 28 January 2023 -- IN-Q Enterprises (IN-Q), the commercial arm and a wholly owned subsidiary of Qatar Museums (QM), hosted a Chef’s Table event on January 17 to celebrate the 10th anniversary of IDAM by Alain Ducasse at the Museum of Islamic Art (MIA) and the decade-long partnership between Groupe Ducasse Paris and Qatar Museums.  The Chef’s Table featured an elaborate culinary presentation boasting a combination of flavours crafted by Alain Ducasse Executive Chef, Jeremy Cheminade and IDAM’s Head Chef, Fabrice Rosso and Head Pastry ......read more

Arab Bank Group Reports Net Profits of $544.3 million for 2022, 25% Cash Dividends

Dubai, UAE, 28th January 2023: Arab Bank Group achieved solid results for the period ending December 31, 2022, with net income after tax of $544.3 million as compared to $314.5 million in 2021. The Group’s performance was driven by robust growth in its core banking business across different markets, as net profit before provisions and tax increased by 23% to reach 1.35 billion US dollars. Excluding the impact of devaluation of several currencies against the US dollar, loans and deposits grew by 5% to reach $35.4 billion and $ 47.7 billion, respectively, despite the volatile operating environment. In view of these results, the Board of Directors has recommended to the shareholders, the distribution of 25% cash dividends for the financial year 2022. Mr. Sabih Masri, Chairman of the Board of Directors, commented that Arab ......read more

Qatar Sports Investments agree to talks with Damm on Potential Positive Padel Collaborations and Outcomes

27 January 2023 – Qatar Sports Investments, the Qatari sovereign wealth fund for promoting sport and founder of Premier Padel, together with the International Padel Federation, the global governing body of padel, and the Professional Padel Association representing the leading men’s professional players of padel, has agreed to talks with Damm, the owner of Setpoint Events and organiser of the World Padel Tour, on potential positive collaborations and outcomes within the sport of padel. Under the governance of the International Padel Federation, padel is widely-regarded as the fastest growing sport in the world – notwithstanding the enormously competitive sports landscape. In light of the common missions of Premier Padel, the International Padel Federation and the Professional Padel Association to develop the sport to ......read more

Premier Padel Announces Ooredoo Qatar Major Premier Padel as 2023 Season Opener

THE ‘MAJOR’ TOURNAMENT WILL BE THE FIRST EVENT OF 2023 AND WILL TAKE PLACE FROM 26TH FEBRUARY TO 5TH MARCH REST OF THE 2023 SEASON SCHEDULE TO BE ANNOUNCED SHORTLY DOHA, 26 JANUARY 2023 – Premier Padel will launch its eagerly anticipated 2023 season with the Ooredoo Qatar Major Premier Padel, which is formally announced today. The tournament will be the inaugural event of the 2023 season, as padel continues to go global with Premier Padel’s premium, professional and unmatchable events across South America, Europe, the Middle East and Africa, gracing venues including the world-famous Stade Roland Garros and Foro Italico amongst many others.  The Ooredoo Qatar Major Premier Padel will take place from February 26th to March 5th at the internationally renowned Khalifa International Tennis & Squash ......read more

SAP Announces Q4 and FY 2022 Results

• All financial outlook metrics met in FY 2022 • Cloud revenue up 33% and up 24% at constant currencies in FY 2022. Q4 S/4HANA cloud revenue further accelerates, up 101% and up 90% at constant currencies • Current cloud backlog exceeds €12 billion, up 27% and up 24% at constant currencies • IFRS cloud gross profit up 38%, non-IFRS cloud gross profit up 37% and up 28% at constant currencies in FY 2022 • IFRS operating profit flat, non-IFRS operating profit down 2% and down 7% at constant currencies in FY 2022. Q4 IFRS operating profit up 17%, non-IFRS operating profit up 5% and up 2% at constant currencies • 2023 outlook anticipates accelerating topline and double-digit non-IFRS operating profit growth • Targeted restructuring in 2023 reflects focus on strategic growth areas and ......read more

Constitutional General Assembly declares Conversion of the Bank to a Qatari Public Shareholding Company

In order to get listed on Qatar Stock Exchange, Constitutional General Assembly declares conversion of Dukhan Bank to a Qatari Public Shareholding Company   • Constitutional General Assembly Meeting (CGAM) ratifies Dukhan Bank’s memorandum and articles of association  • CGAM appointed the Bank’s external auditor for the year 2023, approved their fees and appointed Sharia Supervisory Board for a period of three renewable years  • The CGAM also approved the appointment of the first board of directors   DOHA, QATAR, 26 JANUARY 2023: The Constitutional General Assembly Meeting (CGAM) of Dukhan Bank was held via videoconference on Wednesday, January 25 2023, under the chairmanship of H.E. Sheikh Mohammed Bin Hamad Bin Jassim Al-Thani, Chairman of the Board, and in the presence ......read more

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

Doha, Qatar – January 24, 2023 – Dukhan Bank has announced Jassim Ali Al-Mejali 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. On a monthly basis, there are 59 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. ......read more

Qatar Insurance Group is a Sponsor of the “Doha Marathon by Ooredoo 2023”

Doha, 22nd January 2023 – Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region joined along other partners in sponsorship of the “Doha Marathon by Ooredoo 2023” which took place on Friday, January 20th.  This year, runners were able to choose from multiple running categories including 1km, 5km, 10km, 21km, 42km making it an event that welcomed people of all ages and abilities. The course kicked off at Parade Pavilion, The Amir’s Grandstand – Al Corniche and then towards Katara, Lusail and back to Al Corniche, giving the 8,000 registered runners and spectators a view of Doha’s most iconic landmarks.  “Qatar Insurance Group believes in the positive power of sports to bring people together towards a shared purpose. That’s why we are proud to be able ......read more

The Extraordinary General Assembly of Dukhan Bank (the “Bank”)

Approves the Conversion of the Bank to a Qatari Public Shareholding Company and the Direct Listing of the Share Capital of the Bank on the primary market on the Qatar Stock Exchange    • The Extraordinary General Assembly (the “EGA”) of the Bank approved the conversion of the Bank to a Qatari Public Shareholding Company. • The EGA of the Bank approved the direct listing of the share capital of the Bank on the main market in the Qatar Stock Exchange (the “QSE”). • The EGA approved the amendments to the memorandum of association and the articles of association of the Bank, which include, among other things, reducing the nominal value of the share from QAR10 to QAR1.   DOHA, QATAR, 16 January 2023:   The Extraordinary General Assembly Meeting of Dukhan Bank ......read more

QIC becomes the first Insurer in the MENA Region to become a Signatory of ‘Principles for Sustainable Insurance' of UNEP-FI

Doha, 12th January 2023 - Qatar Insurance Company (QIC), the leading insurer in Qatar and MENA region, has signed the United Nations Environment Programme-Finance Initiative’s Principles for Sustainable Insurance (UNEP-FI PSI), making it the first insurer in the Middle East to sign the global agreement. Launched at the 2012 United Nations Conference on Sustainable Development, the UNEP-FI PSI serves as a global framework for the insurance industry to address Environmental, Social and Governance (ESG) risks and opportunities. The PSI initiative is the largest collaborative agreement between the UN and the insurance industry.  By becoming a signatory, QIC becomes part of a global network of insurance stakeholders committed to integrating ESG along their value chain. These Principles are more comprehensive than just financial ......read more

Qatar Insurance Group appoints new CEO of Kuwait Qatar Insurance Company

Doha, Wednesday 03, January 2023 - Qatar Insurance Group announced the appointment of Mr. Abdallah Abdulatif Al-Ahmad as the new Chief Executive Officer (CEO) of its subsidiary Kuwait Qatar Insurance Company (KQIC). Mr. Abdallah brings 11 years of experience, having worked previously as Head of Facultative Acceptance for Property & Political Violence covering Middle East, Asia, Africa, The Commonwealth of Independent States (CIS) and Central and East Europe (CEE) region with Kuwait Re, as well as the Head of the Insurance Sector Development Committee at the Kuwait Insurance Federation for a period of three years. Commenting on the latest appointment, QIC Group CEO, Mr. Salem Al Mannai said, “on behalf of the Board, I would like to welcome Mr. Abdallah to QIC Group. Abdallah’s previous experiences in the Kuwait ......read more

QIB Announces Winners of its “Spend & Win” Campaign to Attend the FIFA World Cup Qatar 2022™ Final Match

Doha, Qatar – 12 December 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, announced the names of the winners of its “Spend & Win” campaign who will be attending the FIFA World Cup Qatar 2022™ Final match to be held in Lusail stadium on 18th December 2022 thanks to Visa. In partnership with Visa, QIB launched its latest “Spend & Win” campaign for its Visa cardholders for the entire month of November to reward its customers in continuation of the excitement throughout the tournament. Every QAR 250 spent by QIB Visa cardholders during this campaign in Doha Festival City got a chance to the draw.  In this campaign, a total of 25 lucky winners will receive tickets to attend the final match of the FIFA World Cup Qatar 2022™ with a companion for an experience of a ......read more

Mastercard Partners with My Book Qatar to provide Priceless Offers and Discounts to International Visitors

Doha, Qatar; 12 December 2022 – Mastercard has partnered with My Book Qatar to provide cardholders from across the world access to hundreds of local offers and discounts as part of its Priceless program when they visit Qatar during November and December 2022. Through the collaboration, Mastercard’s international cardholders visiting Qatar will get complimentary access to hundreds of additional local offers and discounts across dining, cafes, fast food, theme parks, entertainment, spas, gyms, salons and more. The additional discounts and offers are provided through My Book’s ‘Discover & Save’ App. Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard, said: “We are delighted to join forces with our long-term local partner, My Book Qatar, to provide exceptional offers across more than ......read more

Mashreq Signs a Regional Sponsorship Agreement with The Argentine Football Association in Middle East and Egypt

Doha, Qatar, 9th December 2022 – Mashreq, a leading financial institution in the region headquartered in Dubai, becomes the new Regional Sponsor of the Argentinean National football team. Becoming in this way first regional bank sponsor for the Argentine National Football Team in Middle East & Egypt The Argentine Football Association and Mashreq Bank have signed a Regional Sponsorship Agreement until the end of 2023. This results in Mashreq becoming the first and exclusive Regional Bank Sponsor for the Argentine National Football Team coinciding with the largest international football tournament FIFA World Cup Qatar 2022. Since the Argentine Football Association has landed in the Middle East, football fans all around the vibrant region are able to witness precious moments with the great Argentinean football ......read more

EY: Qatar Executives Bullish on Future Economic Growth

• Qatar Investment Outlook Pulse 2022 from EY shows strong sentiment from business leaders  • 82% expect the economic growth of the coming five years to meet or exceed forecasts • 60% of interviewed executives revealed positive yield returns in the past 12 months   Doha, Qatar – 30 November 2022: Executives in Qatar remain bullish about future prospects for the country, with around 82% expecting the economic growth of the coming five years to meet or exceed forecasts, according to the latest findings in the Qatar Investment Outlook Pulse 2022 from EY.   The report is based on extensive one-on-one discussions, from Q4 2021 to Q1 2022, with executive decision-makers across the largest businesses in Qatar.    The country’s GDP is expected to rise to QAR764 billion ......read more

Qatar Insurance Group Sponsors QFBA's “Kawader Malia” for Three Years

Doha, Sunday 27 November 2022 - Qatar Insurance Group (QIC), the leading insurer in Qatar and MENA region signed on Thursday, 17th November 2022 a Memorandum of Understanding (MoU) with Qatar Finance and Business Academy (QFBA).  The agreement outlines QIC’s contribution towards supporting QFBA’s ‘Kawader Malia’ Program for three years; an initiative designed to prepare future business leaders, and decision makers of Qatar’s financial and banking services sector by bridging the performance gap between “the academic and the professional” for fresh graduates of both genders within the spectrum of the financial industry.  The MoU, which was signed by QIC Group Acting Chief Administrative Officer, Mr. Rashid Al-Buainain and Director of Professional Training at QFBA, Mr. Majed ......read more

Ogilvy Celebrates a giant performance at this year's LIA's – Including awards for Global Network of the Year and Regional Network of the Year, Europe

November 23, 2022 — With 115 statues in total, including 3 Grand, Ogilvy earned the highly sought-after title of LIA Global Network of the Year. Three of the network’s regions were also awarded as Regional Network of the Year: Asia, South America and Europe.  Across EMEA, Ogilvy won 51 statues across six markets, with DAVID Madrid taking home the Regional Agency of the Year accolade. Impactful work from the region was championed with Golds being presented to campaigns for Dove’s ‘Toxic Influence’ and Relate’s ‘The Hornicultural Society’ by Ogilvy UK, Activision’s ‘Scratchboards’ and Burger King’s ‘Even more confusing times’ by DAVID Madrid. Further statues were won by Ogilvy Italy, Greece, Africa and South Africa.  Celebrating the success ......read more

QIB Continues to Reward Misk Account Holders for the 6th Consecutive Year with More Cash Prizes

QIB concludes the 5th edition of its Misk Account draw and announces the launch of a new edition with more prizes and opportunities to win  Doha, Qatar – 21 November 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has announced that it is continuing its Misk Account draw for the 6th consecutive year, with the largest value of prizes in Qatar, offering Misk Account holders additional cash prizes and opportunities to win. QIB’s Misk Account is a unique savings account that offers customers exceptional features and benefits and gives them the opportunity to win weekly and monthly prizes, as well as grand prizes quarterly. Like the regular savings account, customers have the freedom to deposit and withdraw money from the account at their convenience. To be eligible for the prizes, customers should ......read more

QIB, in Partnership with Visa, Breaks its First Guinness World Records™ title for Largest Soccer Ball Mosaic (Flag)

QIB has broken a Guinness World Records™ title for the largest soccer ball mosaic (flag) at Doha Festival City’s newly opened Arena Doha, Qatar – 19 November 2022: Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has set a new world record in building the largest soccer ball mosaic (flag), hosted at Doha Festival City’s newly opened Arena.  QIB celebrated the legacy of Qatar through setting a new Guinness World Records™ title on 19 November 2022. To celebrate Qatar’s greatest sporting event and the festivities at Doha Festival City, members, friends, and partners of QIB gathered to assemble the largest soccer ball mosaic (flag) in the world. The flag measures 11 meters in length and is 28 meters wide, made with more than 6,000 maroon and white soccer balls to reflect the colors ......read more

QIC Launches “Who'll Win?” Campaign

Participants can win daily cash and in-kind prizes by simply guessing the results of football games Prizes include daily iPhone 14 pro devices, QAR 1,000 daily cash prizes, fuel vouchers and much more one lucky participant will win a trip to the Maldives for two people inclusive of hotel bookings and flight tickets Doha, Qatar – 20 November 2022: Qatar Insurance Company (QIC), the largest insurance company in the MENA region, has announced the launch of its latest “Who’ll Win?” prizes campaign, in celebration of the ongoing international football season in Qatar. Running from 20 November until 18 December 2022, the campaign offers all citizens and residents of Qatar the opportunity to win a set of amazing prizes every day, including daily cash prizes and daily iPhone 14 pro devices, in addition ......read more

Qatar Islamic Bank and Visa to Sponsor Doha Festival City Arena, home to the Football Festivities at Doha Festival City

A special signing ceremony was held to announce the exclusive partnership agreement, commemorating the soon to open Arena at Doha Festival City Doha, Qatar – 15 November 2022: Doha Festival City, Qatar's one and only choice for shopping, dining, and entertainment announced today that it has signed a memorandum of understanding (MOU) with Qatar Islamic Bank (QIB), Qatar’s leading digital bank, and Visa as sponsors of the new Doha Festival City Arena. Available to mall visitors from the 20th of November until the 20th of December, Doha Festival City Arena marks the start of festivities to celebrate the much-awaited football event in Qatar. A special ceremony was held at Doha Festival City on 14th of November with the presence of representatives from Bawabat Al Shamal Real Estate Company (BASREC), the developer and ......read more

Qatar Insurance Group Sponsors the 2023 Samla Race

Doha, Tuesday 15th November 2022 – In a press held on Sunday, November 13th in Katara Cultural Village the details of the fifth edition of the major national sporting event and QIC Group’s - the leading insurer in Qatar dominant insurer, the GCC and MENA region - sponsorship of the Samla race was officially announced.   Hosted by members of Samla’s organizing committee and headed by H.E. Prof. Dr. Khalid bin Ibrahim Al-Sulaiti, the press conference was attended by Sheikh Saud Bin Khalid Bin Hamad Al Thani, Board Member of Qatar Insurance Group (QIC Group) (QIC).  Speaking at the press conference, on behalf of the Group, Sheikh Saud Bin Khalid Bin Hamad Al Thani thanked Katara Cultural Village and the organizing committee and underscored the tangible positive impact of the Samla race on Qatari ......read more

Hotpack Launches Own Manufacturing Plant in Qatar

Hotpack Global launches its15th production facility worldwide for all its paper products   DUBAI - November 09, 2022: Hotpack Global, the UAE-based global leader in disposable food packaging products, has launched its own manufacturing plant in Qatar. The plant is the 15th Hotpack owned and operated factory worldwide and reflects the company’s global vision – to become a global food packaging brand leader by 2030.  The state-of-the-art manufacturing plant, located in Doha’s new industrial area, is specialized factory that will produce a wide variety of Hotpack’s paper products ranging from folding and corrugated cartons; and paper bags and cups. Commenting on this inauguration, Mr. PB Abdul Jebbar, Group Managing Director of Hotpack Global, said, “We are happy to foray into the Qatar ......read more

Mastercard introduces Samsung Wallet in Qatar to elevate Cardholders' Purchasing Experience

Doha, Qatar; 09 November 2022: Mastercard today announced that cardholders in Qatar can now use Samsung Wallet, a digital wallet solution that allows mobile payment services and more, to complete secure contactless payments at several online, on-site and in-store outlets around the world.  Erdem Çakar, Country Manager, Qatar and Kuwait, Mastercard, said: “We are delighted to join forces with Samsung to introduce Samsung Wallet in Qatar, further accelerating the market’s digital transformation journey.  Mastercard’s New Payments Index found that 85% of people in MENA have used at least one emerging payment method in the last year, signaling a clear move to a more digital, more connected future.” “Our partnership with Mastercard is a critical step for the brand as we continue expanding ......read more

Lesha Bank Acquires Phase II of Company Headquarters in Ohio

The new acquisition follows phase I of the Campus acquired in May 2021 as part of the Bank’s investment diversification strategy. Lesha Bank L.L.C (Public) (“Lesha Bank” or the “Bank”), announced the acquisition of phase II of a Company Headquarters (the “Campus”), situated in Columbus Ohio in the US. This comes following the successful acquisition of phase 1 of the campus in May 2021, as part of the Bank’s strategic focus of expanding in the US real estate market.  The Campus is the second phase of the two-building property just completed in October 2022. The SMART designed building is a fully build-to-suit 200,000 square foot trophy office with striking architecture. It aims to be one of a handful of buildings in the US to achieve both LEED and WELL platinum certifications. The ......read more

MEEZA and Darktrace Partner to Help Customers Meet Advanced Cybersecurity Challenges

DOHA, QATAR - November, 2022: MEEZA, Qatar’s prominent managed IT services and solutions provider, has partnered with Darktrace, a global leader in cybersecurity Artificial Intelligence (AI), to expand its cybersecurity portfolio in the domains of classic IT networks along with newly added Operational technology (OT) capabilities to secure information and operations simultaneously. Through the partnership, Darktrace will deliver complete Artificial Intelligence -powered solutions to complement the mature security platform capabilities already in place at MEEZA since the launch of Qatar’s first commercial Security Operations Center (SOC) back in 2014. The combined firepower will help customers in Qatar to meet the rising challenges of security compliance and stay ahead of complex threats from ransomware, cloud to SaaS and ......read more

QIB Introduces Samsung Wallet to Customers

QIB brings more mobile payment choices to its customers by introducing Samsung Wallet to tap and pay on the go using Samsung devices Doha, Qatar – 07 November 2022:  Qatar Islamic Bank (QIB), Qatar’s leading digital bank, announced today the launch of Samsung Wallet, a secure and easy-to-use mobile payment service for all QIB Debit, Credit and Prepaid cardholders owning Samsung devices.  Samsung Wallet is a robust mobile payment platform that supports the shift towards digital wallets and provides a secure e-payments avenue around the world. Samsung Wallet works at any store in Qatar and abroad accepting contactless payments. Customers can also pay fast in their apps and online by simply selecting Samsung Wallet at checkout without the need to enter the credit card details every time.  Enrolment to the ......read more

Chedid Re Kicks Off its Operation in France

Taking services closer to its Qatari clientele across Europe 04, November 2022:  Chedid Re, a member of Chedid Capital Holding with a strong presence around the world and the region including Qatar, announced that its Paris office received a license to conduct insurance and reinsurance brokerage activities in France, extending the network of Chedid Re Global Operations. Farid Chedid, Chairman and Group CEO of Chedid Capital expressed his pride in the launch of Chedid Re in France, describing it as a milestone in the company’s journey: “We are proud to see Chedid Re reinforcing its international presence in the insurance and reinsurance brokerage market. Our new Paris office, along with the London office, will support the Group’s strategic expansion across the continents where we operate and will enable us to ......read more

LG Announces Third-Quarter 2022 Financial Results

Strong Demand for Premium LG Home Appliances and Auto Parts Drives Highest Quarterly Revenue in Company History October 28, 2022 – LG Electronics Inc. (LG) announced third-quarter 2022 consolidated revenues of KRW 21.2 trillion, an increase of 14.1 percent from the same quarter last year and the highest quarterly revenue in the history of LG Electronics. Operating profit for the third quarter was KRW 746.6 billion, 25.1 percent higher than the same quarter last year. For the third quarter, the company recorded growth of revenues driven by increased sales of premium home appliances including new appliance categories and automotive parts. However, considering one-off costs incurred last year, operating profit declined due to weak demand caused by the global economic slowdown. The LG Home Appliance & Air Solution ......read more

QIC Group Reports Robust Net Profit of QAR 571 million from continuing Operations for the first Nine Months of 2022

Doha, 27 October 2022 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the Middle East North Africa (MENA) region, today announced a net profit of QAR 571 million from continuing operations for the first nine months of 2022. The Group’s gross written premiums amounted to QAR 7.8 billion, as QIC’s domestic and MENA operations continued to expand its gross written premiums by 14% to QAR 2.3 billion. In line with the strategy to restructure or exit from low margin or loss making businesses, QIC Group announced its intention to divest its Gibraltar-based direct insurance carriers.   Mr Khalifa Abdulla Turki Al Subaey, Chairman and Managing Director of QIC Group, said: "QIC Group continued to deliver healthy results despite strong headwinds from soaring inflation, geo-political uncertainties, high ......read more

Epicure Investment Management (EIM), A Wholly Owned Subsidiary Of QIC, Has Been Ranked As The ‘top Asset Manager' In The Middle East

Qatar Insurance Company (QIC) has been ranked by Asset Magazine as one of the top Investment Houses (Insurance Category) in Asian G3 bonds (issued by Asian issuers in USD, EUR and JPY) across Asia, Middle East & North Africa (MENA) regions for 2022.   Epicure Investment Management (EIM), a wholly owned subsidiary of QIC, has been ranked as the ‘Top Asset Manager’ in the Middle East by The Asset Magazine for the year 2022. EIM is one of the largest regulated investment managers in Qatar managing over US$ 7 billion of investments across Equities, Fixed Income and Real Estate for its clients.    The ranking for top investment houses in Asian G3 bonds is based on votes received from the top-rated analysts, economists, strategists, salespeople and traders. A total of 400 different institutions were ......read more

QIC Crowned "Best Online Insurance Company in The Middle East"

At The Global Banking & Finance Review Awards 2022 The prestigious award reflects the company’s success in reshaping online insurance at both local and regional levels with the introduction of innovative market-first online insurance solutions Doha, Qatar - 9 October 2022: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been crowned Best Online Insurance Company in The Middle East at the Global Banking & Finance Review Awards 2022. This outstanding accolade comes in recognition of QIC’s exceptional performance in 2022 at the levels of products and services digitization, in addition to reaching record levels of customers’ reliance on online channels to fulfill their insurance needs instantly, remotely and in just a few clicks. The prestigious award also reflects ......read more

QIC and QInvest LLC Announce the Establishment of Epicure Islamic Investment Management LLC

Doha, Qatar: Tuesday-  4 October 2022 :   Qatar Insurance Company Q.S.P.C. (QIC), the market leader in Qatar and a dominant insurer in the GCC and MENA region, and QInvest LLC, Qatar’s leading investment bank, and one of the most prominent Islamic financial institutions globally, together are delighted to announce the successful establishment of Qatar-based national champion “Epicure Islamic Investment Management LLC”.  Epicure Investment Management LLC (EIM), a wholly owned subsidiary of QIC and one of the largest regulated investment managers in Qatar manages over c. US$ 7 billion of investments across asset classes for its clients and having an impeccable track record of investing, is looking to enhance its footprint in the Investment Management business. Epicure Islamic Investment ......read more

QLM Life & Medical Insurance Company (Q.P.S.C.) Participates in Sidra's Annual Flagship Research Conference

Doha, Qatar, September 2022: QLM is pleased to announce its participation with Sidra Medicine in the annual Flagship Research Conference titled ‘Precision Medicine & Functional Genomics 2022’ (PMFG 2022), took place in September 23-26 in Doha, Qatar. The conference was a four-day in-person, on-site event and revolved around two major themes:  i) How cellular, organoid, and animal models are being used to facilitate the discovery of basic disease mechanisms and potential cures and ii) The development of advanced therapies to treat diseases. The conference assembled a unique and highly interdisciplinary international community to provide novel insights on the molecular mechanisms underlying genetic diseases and the strategies used to develop advanced therapies. As a diamond sponsor, QLM had its own booth ......read more

MEEZA and QDB Sign Partnership Agreement to Advance Qatar's Fintech Ecosystem

DOHA, Qatar, 22 September, 2022: MEEZA, Qatar’s prominent end-to-end managed IT services and solutions provider and Qatar Development Bank (QDB) have signed a partnership agreement with the aim of contributing to the advancement of the FinTech industry in the State of Qatar.  Through the partnership, MEEZA and QDB, through Qatar FinTech Hub (QFTH) - a QDB incubator - intend to collaborate on joint initiatives relating to the FinTech industry and foster a strong relationship as part of efforts to build a reliable FinTech ecosystem in Qatar.  To bolster the collaboration, MEEZA and QDB have signed a Memorandum of Understanding (MoU) that will enable QFTH to explore further opportunities with MEEZA in the form of joint projects, and the two parties will cooperate with each other in areas of mutual interest, organise ......read more

Dukhan Bank Launches Special Edition of FIFA World Cup™ Visa Infinite Credit Card Featuring La'eeb, Thanks to Partnership with Visa

DOHA, QATAR – 21 September, 2022: As part of its efforts to reward its customers and enable them to celebrate the highly anticipated FIFA World Cup Qatar 2022TM in a unique way, Dukhan Bank has partnered with Visa to unveil the special edition FIFA World Cup 2022™ Visa Infinite credit card featuring La’eeb, the Official Mascot for FIFA World Cup 2022TM.  La’eeb is an Arabic word meaning ‘super-skilled player’, he belongs to a parallel mascot-verse that is indescribable. La’eeb encourages everyone to believe in themselves as ‘Now is All’. La’eeb will be everywhere – welcoming the world, inspiring young fans and cheering the action during the tournament, which will take place from November 20th, to December 18th, 2022.   Launched in partnership with ......read more

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

Doha, Qatar – 11 September 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 Sami Shaikh and Mohamed Zumrawi each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Prem Velumani, Baina Al-Marri, Salma Hafiz, Khazana Hussain, Ahmed Elsharabasi, Mohammed Al-Malki, Khalil Al Mukdad, Nayef Al-Tamimi, Khalifa Al Kaabi, Mohamed  Ahamed, Amna Abdulla, Abdulla Alyafei, Mazen Hasna, Mohamed Ayari, Heba Al Hashmi, Usha Kesavan, Abdulla Shaher, Maryam Fakhroo, Ahmad Al-Kuwari, Mylin Cabunillas, Ashraf Kandil, Mohammed Al-Hababi, Khalid Al-Khanji, Sofyan El Rufaie, Maryam Al-Hetmi, Asmaa Al-Suwaidi, Abel ......read more

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

Doha – Qatar , Tuesday – September 6, 2022: Qatar Insurance Group, the leading insurer in Qatar and the MENA region is the Official Insurance Sponsor of the 6th edition of S’hail 2022 – Katara International Hunting & Falcons Exhibition. S’hail is regarded as the largest international exhibitions that specializes in exhibiting Falcons and is dedicated to preserve ......read more

Qatar Tourism Launches Marketing Campaign Featuring David Beckham…

August 29, 2022:  Qatar Tourism has launched a new holiday campaign featuring David Beckham to support the country’s tourism goals and ambition to attract more than six million visitors a year by 2030. The campaign reveals Beckham’s action-packed adventure around the country over the course of 48 hours, showing how Qatar offers visitors everything from cultural hotspots to scenic ......read more

QIB Introduces Google Pay™ to Customers…

Doha, Qatar – 24, August 2022:  Qatar Islamic Bank (QIB), Qatar’s leading digital bank, has introduced Google Pay to Debit, Credit and Prepaid Cardholders to start using their Android and WearOS devices to tap and pay on the go.  Google Pay is a digital wallet and payment platform from Google that enables customers to pay for transactions with their QIB cards using ......read more

Dukhan Bank brings Google PayTM to Customers…

Doha, Qatar - 23 August, 2022: In furtherance of its digitization strategy to enable customers to conduct transactions on the go, Dukhan Bank is launching Google PayTM, a faster, more secure way to pay on sites, in applications and in stores using the payment methods saved in their Google Account. Google Pay, a new addition to Dukhan Bank’s contactless payment platform (D-Pay), protects ......read more

MEEZA Continues Celebrating Multiple Achievements as Cisco Partner…

• MEEZA receives Cisco’s ‘Public Sector Partner of the Year’ award in Qatar • MEEZA maintains Cisco Gold Integrator Partner certification for 2022-2023 • MEEZA achieves its sixth Cisco specialization in ‘Customer Experience’    DOHA, Qatar: MEEZA, Qatar’s prominent Managed and Cloud IT services and solutions provider, has ......read more

Qatar Insurance Company Concludes Summer Internship Program…

Doha, Qatar:   Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, concluded its Summer Internship Program with an award ceremony held yesterday Monday August 22nd, 2022. The event provided an opportunity to acknowledge students from different schools and academic institutions who took part of this year’s program.    This year, QIC’s ......read more

14th Edition of CSS Qatar; Physical Conference on 7th September 2022…

QATAR, UAE - Aug 22, 2022 - (ACN Newswire) - After successful 13 editions of Cyber Security Summit, Exito (www.exito-e.com) is all set to host another milestone event - which serves as an ideal platform to enhance the experience on the latest insights on "Securing Qatar's Digital Future." The Summit will address the importance of the full potential of technology as a driver for ......read more

Al Meera Partners with Zippin to Open First Checkout-free Stores in Qatar…

DOHA, QATAR - AUGUST 20, 2022: Today Al Meera Consumer Goods Company announced a partnership with Zippin, a leading provider of checkout-free technology, to advance its expansion strategy to meet customers’ demands and provide unique services to all members of the community through innovative technology.  Al Meera will soon open fully autonomous stores in strategic locations to provide ......read more

Lenovo Group: First Quarter Results 2022/23…

Lenovo delivers ninth straight quarter of improved revenue and profitability and the largest market share in the Gulf at 27.6%    Dubai, August 18, 2022– Lenovo Group (HKSE: 992) (ADR: LNVGY) today announced strong first quarter results for the Group, improving both revenue and profitability for the ninth consecutive quarter. First quarter net income grew 11% year-on-year to ......read more

QIC Named “Domestic General Insurer” & “Auto Insurance Initiative” of The Year in Qatar At ...…

QIC’s newest recognition reflects the company’s success in leading the change of general insurance in Qatar through introducing innovative products and services that best respond to the needs of customers over the past 12 months Doha, Qatar - 16 August 2022: Qatar Insurance Company (QIC), the largest insurance company in the MENA region, has received the “Domestic General ......read more

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