May 24, 2023 – [Doha, Qatar] Palo Alto Networks, the global cybersecurity leader, today announced the expansion of Prisma Access to a new Google Cloud region in Qatar to bring Zero Trust security to the hybrid workforce.
“As organisations adopt hybrid working practices and make the shift to cloud computing, they need to give employees direct and secure access to their data and applications across any device, location, and network,” said Tarek Abbas, Senior Director, Systems Engineering, Emerging Markets, Palo Alto Networks. “Our collaboration with Google Cloud combines the scale offered by its global network with the best-of-breed cybersecurity platforms from Palo Alto Networks, and this new Prisma Access location will bring Zero Trust security to the hybrid workforce throughout Qatar with the ......read more
MENA InsurTech Rising 2023
QIC holds MENA InsurTech Summit 2023
Doha, 24 May 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, held the second edition of its annual insurtech summit on May 20-22, 2023, at Park Hayyat hotel in Doha, Qatar, under the theme “MENA Insurtech Rising”. The three-day event brought together 88 C level regional and international insurers, startup founders, investors and key players to discuss and explore partnerships with close focus on sharing insights on the latest industry trends, innovation, investment and digital transformation, with the goal of fostering learning and collaboration between the MENA Insurtech ecosystem players.
The year 2022 launched the beginnings of Qatar Insurance Group’s (QIC) digital aspirations reaching beyond ......read more
Mannai worked closely with SAP and Google Cloud to accelerate the Qatari cement giant’s transition to the cloud, with data hosted securely on Google Cloud
Doha, Qatar — May 23, 2023 — Qatar National Cement Company (QNCC), a key player behind the nation’s construction industry boom, has signed a partnership agreement with global technology company SAP SE (NYSE: SAP) and implementation partner Mannai ICT that will enable it to leverage the benefits of cloud computing, with data securely hosted on Google Cloud. The implementation will include S/4HANA, an enterprise resource planning (ERP) solution that enables 360-degree visibility and control over all operations, and SAP Success Factors, which delivers innovative employee-management solutions.
The partnership will see QNCC automate and streamline ......read more
Doha, Qatar – 22 May, 2023: Dukhan Bank has launched a new personal finance campaign that allows new customers to benefit from a low profit rate of 6% per annum.
Dukhan Bank customers can take advantage of the offer to apply for a minimum finance amount of QAR 200,000 for a period of 4 years and above. The campaign, which is applicable to new customers only, will provide easy application and quick approval process for clients to avail a unique financing solution. This campaign will run until July 20, 2023.
Commenting on the campaign, Mr. Talal Ahmed Al-Khaja, Chief Communications Officer, Dukhan Bank, said:
“We are always keen to provide our valued customers with easily accessible personal finance solution with some of the best rates in the market to assist them in realising their personal goals. This new ......read more
Doha, 18th May 2023 – After the incredible success of its first edition, the MENA Insurtech Summit returns to Doha, Qatar for on May 20-22, under the theme ‘MENA Insurtech Rising’ with a program packed with forward-looking panel discussions and workshops featuring 90 expert international and regional speakers from across the spectrum of the insurance, technology and financial industries who will dive into topics including: the current insurtech landscape in the MENA region, ESG, fintech, VC investment strategies, digital health, blockchain and more.
The Summit is organized by the MENA Insurtech Association, a membership based association founded in 2022 to build the regional insurtech ecosystem through connecting innovations, talents, partners, and capital. Last year, its founding member, Qatar Insurance ......read more
The fully owned subsidiary of Doha Bank, Sharq Insurance, will showcase its comprehensive solutions for Home and Property Insurance
Doha, Qatar – 17 May 2023: Sharq Insurance L.L.C, the general insurance company owned by Doha Bank, is pleased to announce its collaboration with Doha Bank at the highly anticipated Build Your House Exhibition, held from May 15 to May 18 at the Qatar National Convention Center (QNCC). This partnership will offer visitors an unparalleled experience and a comprehensive understanding of Sharq Insurance’s home and property insurance services.
The Build Your House Exhibition, promises to be a remarkable event for homeowners, property enthusiasts, and industry professionals. Dedicated to the construction, fit-out and renovation needs in Qatar, the exhibition will showcase the ......read more
Doha, Qatar – 16 May 2023: For the second consecutive year, QInvest LLC, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, has announced its sponsorship as “Participating Sponsor” of the Qatar Economic Forum 2023, which will be held from May 23 to May 25, 2023, in Doha.
To be held under the main theme ‘A New Global Growth Story’, this year’s edition of the Forum will feature over 50 mainstage speakers, more than 1,000 global attendees and over 50 breakout briefing speakers, with the participation of heads of state, CEOs from international leading corporations, global investors, CEOs, CIOs and MDs from large investment institutions, policy makers, stakeholders, experts and influencers from academia, philanthropy, economic policy, media, ......read more
Lenovo to support Ooredoo with 5G solutions for new use cases across Smart Cities, Public Safety, Scientific Research, High Performance Computing, and Data Sovereign Hybrid Cloud
May 16, 2023 - Doha, Qatar: Ooredoo, the leading ICT enabler in Qatar, announced today the signing of a Memorandum of Understanding (MoU) with Lenovo, a global technology leader. The MoU paves the way for the two companies to collaborate on innovative solutions for the B2B sector, with a focus on data sovereignty, private 5G solutions, advanced AI solutions and High-Performance Computing (HPC) as a service.
The signing of the MoU took place recently at Ooredoo's Headquarters in West Bay and was attended by Ooredoo’s Chief Business Officer, Thani Ali I A Al-Malki and Lenovo's General Manager META, Alaa Bawab, who both signed the ......read more
Doha, Qatar, 15 May 2023: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker ORDS – has announced the appointment of Dr. Samer Fares as the new Chief Executive Officer of Ooredoo Palestine, effective 15 May 2023, succeeding Dr. Durgham Maraee.
Dr. Samer moves to Ooredoo Palestine from his most recent role as Chief Legal and Regulatory Officer at Ooredoo Algeria, bringing to his new position over 15 years of experience in the telecoms industry and in several leadership roles within the Group. Previously, he was Legal and Regulatory Director at Ooredoo Group’s Legal and Regulatory Department and was General Counsel of Ooredoo Palestine before that. He holds a PhD in Law from Ghent University in Belgium.
Dr. Samer Fares succeeds former Ooredoo Palestine CEO, Dr. Durgham Maraee, who successfully drove ......read more
- Best Private Bank – Qatar
- Best Multi-Channel Offering
- Excellence in Omni-Channel Integration
- MENA Private Banker of the Year – Chaouki Daher
Doha, Qatar - 15 May, 2023: In recognition of its excellence in private banking services and innovative digital banking solutions, Middle East Economic Digest (MEED) has honoured Dukhan Bank with four distinguished awards within the annual awards programme “Banking Excellence in the Middle East and North Africa for the year 2023”.
For the second consecutive year, Dukhan Bank won the ‘Best Private Bank – Qatar’ for its pioneering private banking services to enhance customers’ overall experience, while Mr. Chaouki Daher, Dukhan Bank General Manager & Head of the Private Banking, received the “MENA Private Banker of ......read more
• Profit rate 1% less than regular car finance profit rate
• Complimentary credit card for the first year
• Three month grace period
Doha, Qatar – 15 May 2023: Dukhan Bank has introduced its first eco-friendly vehicle finance offer with a competitive profit rate for new and existing customers who are ready to make their next vehicle purchase an electric or hybrid one. This offer is valid until September 30, 2023.
In addition to availing a highly attractive reduced profit rate of 1% less than car finance profit rate for regular cars, customers applying for Dukhan Bank eco-friendly vehicle finance will also benefit from a complimentary Dukhan Bank credit card for 1 year along with an added benefit of 3 months grace period.
In support of the Bank’s commitment to its ......read more
Doha, Qatar – 14 May 2023 – 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 Maryam Al-Hetmi and Bouthaina Al-Obaidli each won a cash prize of 10,000 Qatari Riyals.
Also, a cash prize worth 5,000 Qatari Riyals was awarded to Walah Mohamed, Wafaa Alsmadi, Aysha Taan, Jameela Darwish, Amer Al-Khowar, Mona Abdelrehim, Sohail Malik and Ghania Tinakicht, Nasser Alnaimi, Alaa Al-Naama, Saeed Alkhelaifi, Baraa Elsettawy, Nausheena Hurzuk, Aisha Al Malki, Fadhel Annan, Kamran Hafeez, Buthaina Alkuwari, Fawziya Maarafiya, Hazem Khemir, Marlo Enriquez, Mohamed Ismail, Riaz Ahamed, Faisal Al-Siddiqi, Noof Al-Subaey, Saleh Maswar, Rania Elnakkouzi, Lolwa Al-Naemi, Fadda ......read more
Doha, Qatar – 9 May 2023: Dukhan Bank has launched a 10% Cashback campaign to attract new customers to transfer their salary to the bank.
During the campaign, customers who transfer a salary of at least QAR 10,000 into a Dukhan Bank current account will receive a Cashback of 10% on their first monthly salary credit. The cashback can be up to a maximum reward of QAR 10,000, which will be credited to the customers’ prepaid or credit card.
The campaign, which will run until August 31, 2023, is part of Dukhan Bank’s efforts to provide exceptional services to attract new customers across the country with value-added products.
Commenting on the campaign, Mr. Talal Ahmed Al-Khaja, Dukhan Bank’s Chief Communications Officer, said:
“We are delighted to launch this salary transfer ......read more
Sunday 07th of May, Doha, Qatar: QInvest LLC, in its capacity as Listing Advisor and Offering Manager, has announced the successful closing of the first ever book building subscription in Qatar, for the initial public offering of MEEZA QSTP LLC on the Qatar Stock Exchange Main Market.
The book building period successfully concluded on 6 March 2023, in line with previous announcements issued by QInvest LCC. The Order Book closed with the successful subscription of Qualified Investors above the minimum threshold of 30% of the offered shares as required by the Qatar Financial Markets Authority (QFMA). The book building subscription, totaling 37.41% of the total Offering, comprised of a group of seven institutional investors led by Qatar’s Sovereign Wealth Fund - Qatar Investment Authority (“QIA”) - as well ......read more
Doha, Sunday 7 May 2023: Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, reported today a net profit of QAR 175 million for the first quarter of 2023. The Group’s tactical shift to discontinue its business of international operations led to impressive performance results this year, marking a significant rebound from the previous year. Following a meeting of the Board of Directors yesterday, which was presided by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of the QIC Group, the Board approved the financial results.
Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC's strategic emphasis on expanding direct and personal lines business within domestic and MENA markets showcases its worth. ......read more
• The Bank’s net income grew to QAR 414 million with 5.6% growth
DOHA, QATAR – 04 MAY 2022: Dukhan Bank has announced its financial results for the first quarter of 2023 with total net income amounting to QAR 414 million, recording a 5.6% growth compared to the first quarter of 2022.
Dukhan Bank total income increased by 33.8% to QAR 1.4 billion, compared to QAR 1.1 billion for the same period of 2022. In addition, the bank continued on its conservative policy and provided QAR 144 million for financing assets impairment.
The Bank's total assets amounted QAR 102 billion and the total financing assets QAR 74 billion, while customer deposits reached QAR 70 billion.
Total shareholders’ equity exceeded QAR 14.7 billion, and the capital adequacy ratio stood at 18.8% in accordance with the Basel III ......read more
Doha, Qatar – 01 May 2023: Dukhan Bank has achieved another worldwide recognition for the outstanding quality of its Private Banking service by winning the World’s Best Islamic Private Bank award at Global Finance World’s Best Islamic Financial Institutions Awards for 2023 for the second year in a row.
This significant achievement follows Bank’s successful transformation into a Qatari public shareholding company by listing its shares on the Qatar Stock Exchange and commencement of trading from 21 February 2023.
Year after year, Dukhan Bank has led the Islamic banking sector as demonstrated by its unrivalled private banking proposition offering an end-to-end portfolio of financing, banking and investment products and services for high-net-worth individuals (HNWIs).
Global Finance is a leading ......read more
• The Bank’s achieved a significant milestone by listing its shares on the Qatar Stock Exchange and transforming into a Qatari public shareholding company
• Robust year-on-year total income growth of 10%, at QAR 4.5 billion in 2022;
• Annual net profit grew by 5% to QAR 1.25 billion in 2022;
• Total assets reached QAR 106 billion at end of 31 December 2022;
Doha – Qatar, 14 April 2023: Dukhan Bank convened its ordinary Annual General Meeting (AGM) on Wednesday April 12, 2022 via video conference. 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 88.67% of the Bank’s shareholders.
During the AGM, all the items on the agenda were ......read more
Doha, Qatar - 10, April 2023 – 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 Malha Al-Hababi and Albandari Almana have each won a cash prize of 50,000 Qatari Riyals, as well as Abdelaziz Soltan and Abdulqawi Alyafei both of whom have won a cash prize worth 25,000 Qatari Riyals.
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 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. Additionally, quarterly ......read more
Lesha Bank was pleased to sponsor a prestigious Iftar event on April 4th, organized by the Turkish Embassy in Qatar.
Held at the residence of the Turkish Ambassador, the gathering was graced by the presence of His Excellency Ambassador Dr. Mustafa Goksu; and was attended by former Deputy Prime Minister and Minister of Finance of Turkey, His Excellency Mr. Mehmet Simsek.
The Iftar was a great success, gathering senior professionals from the finance and IT sectors, and provided an excellent platform for Lesha Bank to network and showcase its commitment towards strengthening business relations within the financial industry.
The panel discussion highlighted how Qatar is well equipped to navigate the global economic downturn and advised businesses and business owners on how they continue to thrive in these conditions
Doha, 4 April 2023 - Curia Business Group recently hosted an insightful panel discussion titled ‘Thriving in a Global Downturn’. Attendees had the opportunity to hear from distinguished speakers about how businesses in Qatar can leverage the current global economic situation and continue to thrive. The event was held in collaboration with Workinton, and hosted speakers from prominent organizations and institutes in Qatar.
The panelists included David Ford, CEO at Bin Yousef and Partner at Curia Business Group; Dr. Allan Villegas-Mateos, Senior Research Fellow of Entrepreneurship and Innovation at HEC Paris in Qatar and ......read more
Motorists switching to QIC can benefit from the special offer when their current insurance expires
The offer lasts until 30 April and guarantees 12 months of full insurance coverage for the price of just 9 months
Doha, Qatar – 26 March 2023: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region and the best digital insurance company in Qatar, announced the launch of its exclusive car insurance offer on the occasion of the holy month of Ramadan, which allows new motor customers to get 3 months of comprehensive car insurance for free.
With this offer, every new customer who purchases a comprehensive car policy will get 3 months of comprehensive insurance for free, which means that the customer will benefit from a 12-month full insurance coverage for the price of just 9 months. QIC also provides ......read more
Doha, Qatar – 20, March 2023 – 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 Safiya Al-Zeyara and Leena Kordia each won a cash prize of 10,000 Qatari Riyals.
Also, a cash prize worth 5,000 Qatari Riyals was awarded to Wasmiya Al-Haslan, Mohammad Shamimuddin, Irfan Ali, Mahmoud Elzamli, Azeema Khan, Abdalla Hammo, Safeya Askar, Shafiq Azam, Aysha Ahmedi, Firas Alkahtib, Sajid Atique, Mohammed Abduzzahar, Mahmoud Al-Mahmoud, Ali Chaear, Waleed Alsayadi, Ayham Alrebdawi, Noora Al-Sulaiti, Muhammad Muhammad, Eleen Elbatneagy, Amal Al-Haddad, Jabir Pilarath, Meshaal Al Abdulla, Aisha Al-Motawa, Kiran Patnayakuni, Khalid Al-Ansari, Mohamed Zouroup, ......read more
Doha, 20th March 2023 - QIC Group, the leading insurer in Qatar and the MENA region, held yesterday, Sunday, 19th March, the General and Extraordinary General Assembly Meetings at its headquarters in Al-Dafna.
The meetings were chaired by Sheikh Hamad bin Faisal bin Thani Al Thani – Member of the Board of Directors – and were attended by members of the executive management, shareholders, and representatives of regulatory authorities.
The meeting discussed the Board of Directors' report on the company's activities and financial position during the year ended 31/12/2022 and the company's future plans. Additionally, the meeting approved the auditors' report on the company's financial statements; the company's balance sheet and profit and loss account for the year 2022; and the ......read more
Doha, Qatar - Alford Hughes owners, Mohammed Akbar Al Baker and Hussain Akbar Al Baker, recently hosted a grand event in partnership with Sanjay Hinduja of the Hinduja Group to introduce The OWO Residences by Raffles in London. The event was held at Raffles Doha, and was attended by distinguished guests, including H.E. Akbar Al Baker and H.E. Jonathan Wilks, British Ambassador to Qatar.
Hussain Akbar Al Baker, co-owner of Alford Hughes noted "Hosting our event at Raffles Doha in partnership with Sanjay Hinduja and The Hinduja Group was a wonderful opportunity to showcase this one-of-a-kind project to our network in Qatar."
Built in 1902, the OWO is set in a magnificent Edwardian Baroque structure formerly known as the Old War Office. This historic building survived both World Wars and was once where British ......read more
Doha, 09th March 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA Region was honored for its role as an official sponsor of the fifth edition of the Samla race during the 2023 Samla awards ceremony that was held last Tuesday honoring the champions, sponsors and the entities that contributed to the success of annual national endurance competition. The sponsorship comes as part of the Group's corporate social responsibility and its keenness to support the national sports agenda.
Accepting the award on behalf of QIC was Mr. Rashid Al-Buainain, Group Chief Administrative Officer of QIC, who said on the sponsorship in an interview with Al-Kas sports channel, “For all the success that Qatar Insurance Group has achieved over the years, we have not lost sight of our social responsibility. CSR is a core ......read more
International visitors can now get their mandatory insurance in less than 2 minutes
Visitors with Hayya Card can get a long-term plan valid till January 2024
Doha, Qatar - 5 March 2023: Qatar Insurance Company (QIC), Qatar’s leading digital insurer, is pleased to officially introduce a fully-digital Mandatory Visitors’ Health Insurance solution, the fastest option to get such insurance plans in Qatar.
International visitors can now get their Mandatory Visitors’ Health Insurance policy in less than 2 minutes on qic.online and from anywhere in the world prior to their trip to Qatar. All they need to do is to select the duration of their stay in Qatar, add their personal details and pay online without any need to scan or submit any document.
With a Mandatory Visitor’s Health Insurance plan by QIC, visitors ......read more
Burgan Bank announced today the names of the Kanz account monthly draw winners, who will each take home a KD 1,000 cash-prize. All Kanz customers who maintain a minimum balance of KD 200 for at least one week before the draw date, are included in the draw, and their chances of winning increase with higher deposits.
The 20 lucky winners are:
• ADI ABDULRAHMAN ALTURKAIT
• AHMAD ABDULKAREEM ALIBRAHIM
• ALANOUD AHMAD ALJAAFAR
• ALIAH AHMAD ALQATAMI
• ARUN JEROME D SILVA
• AYMAN ALI HAMADA
• BADER OSAMAH ALRUSHAID
• DALIA ABDULMAJEED ALGHARABALLI
• EISSA MOHAMMAD ATASH
• ENTESAR MNEEF ALENEZI
• FAHAD OSAMA ALJARALLAH
• FATEMAH KHALED ALAMEERI
• FATEMA KHALED KHALAF
• JAMAL MOHAMMAD ALBOUSAIRI
• ......read more
Doha, 03rd February 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region is an official sponsor of the Samla race. The annual race, which is in its fifth edition, will take place this year on 2nd- 4th March.
Aptly named ‘Samla’, a Qatari word that encompasses strength and perseverance in the face of hardships, the Samla race is held on difficult and remote desert tracks and requires high levels of athletic skills. The extreme desert trek covers 200 kilometers and includes six endurance challenges: running, swimming, kayaking, shooting and mountain biking.
Speaking on the sponsorship, Mr. Rashid Al-Buainain, QIC Group Acting Chief Administrative Officer, said, “Supporting a thriving national sporting landscape is one of QIC’s chief corporate social responsibility priorities, ......read more
Thursday March 2, 2023: Alfardan Hospitality, a subsidiary of Alfardan Group, and its latest international lifestyle destination, in the heart of Porto Arabia, The St. Regis Marsa Arabia Island, The Pearl – Qatar, invited guests to experience an exquisite culinary journey with 7 of its new fine dining luxury concepts on Wednesday March 1st.
More than 500 guests of prominent VIP figures, influencers, and media were invited to an adventure of taste; starting the evening with a welcome reception around the pool area, filled with exciting and engaging activations, live band entertainment, and pass around canapes and sips. The culinary experience was designed to showcase the Island’s collection of signature restaurants.
The exclusive island escape in the heart of The Pearl-Qatar comes as part of Alfardan Group’s ......read more
Doha, 02nd March 2023 - Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been recognized as ‘Motor Insurer of The Year’ at the InsureTek Golden Shield Excellence Awards 2023 for the second consecutive year.
The InsureTek Golden Shield Excellence Awards is an annual awards program that recognizes and rewards leading insurers, reinsurers, and insurance brokers in the wider Middle East region. The program sheds light on innovators, creative minds, and customer care professionals who have outperformed their competitors and demonstrated the highest levels of excellence across the region. It is part of the InsureTek International Conference which took place this year in Dubai on 22nd-23rd February.
Commenting on the award, Mr. Ahmed Al Jarboey, QIC’s Chief Operating Officer - ......read more
Telco leader to adopt tech giant’s industry-leading technologies and wireless solutions in MENA operating companies
Doha, Qatar: Ooredoo Group has announced a key partnership with global technology giant Huawei to adopt its technologies and wireless solutions, including 5G, in some of its MENA operating companies.
Ooredoo’s new partnership with Huawei will see the telco leader implement Huawei's industry-leading technologies and wireless solutions in Kuwait, Oman, Iraq, and Tunisia, in an effort to upgrade networks and deliver transformational digital experiences for end users.
The new cooperation agreement was signed at Mobile World Congress 2023, the world’s largest and most influential connectivity event taking place until 2 March 2023 at the Fira Gran Via, ......read more
Doha, Qatar, 27 February 2023: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker ORDS – has announced the appointment of Bassam Yousef Al Ibrahim as the new Chief Executive Officer of Ooredoo Oman, effective 1 March 2023, succeeding Noor Al-Sulaiti.
Bassam moves to Ooredoo Oman from his most recent role as Chief Executive Officer of Ooredoo Algeria, bringing to his new position over 20 years of experience in the telecoms industry and in several leadership roles within the Group. He is a member of the Boards of Ooredoo Tunisia.
Bassam succeeds former Ooredoo Oman CEO, Noor Al-Sulaiti, who successfully drove the company’s strategy and growth since 2021, laying solid groundwork for future success.
Ooredoo also announced the appointment of Roni Tohme – Ooredoo Algeria’s Chief ......read more
• 40% Year-on-Year increase in revenue
• 96% Year-on-Year rise in operating profit
• Significant growth in net profit attributable to shareholders
Doha - 22 February 2023: QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions globally, today announced its financial results for the fiscal year 2022. The bank reported QAR 285.6 million revenues from all business lines and an operating profit of QAR 165 million for the year 2022.
Mr. Hussain Abdulla, Co-Chief Executive Officer of QInvest, said:
“Despite the unprecedented economic disruption and market volatility, and the challenging macroeconomic environment, our result proves the resilience of our business model and the adaptability of our ......read more
Move further strengthens leading insurer’s position in Qatari market
DOHA, Qatar – 22 February 2023: Al Alfia Holding, the prominent Qatari-based investment group, has acquired a minority stake in Seib Insurance and Reinsurance Company LLC, a Qatari company and one of Qatar’s premium insurance providers.
The acquisition of the stake is expected to play a major role by reinforcing Seib’s leading position in the domestic market, and by supporting the continuing expansion of the Qatari insurer’s operations in order to keep pace with the growing needs of its clientele.
Al Alfia Group is keen to partner with Seib Insurance because of its status as a well-performing, first-class company with strong governance, outstanding management, impressive S&P Global ratings, and a sterling ......read more
DOHA, QATAR – FEBRUARY 2023: Dukhan Bank, the third largest Islamic bank in Qatar and the fastest growing bank in the country, successfully listed its shares on Qatar Stock Exchange's (QSE) main market today, February 21, 2023, in the presence of a number of high-level guests, Dukhan Bank top management, regulatory and supervisory authorities, investors and interested parties. This brings the number of listed companies in the QSE to fifty (50) Qatari public shareholding companies. The bell rang at 9:30 am today, marking the start of Dukhan Bank shares trading on the Qatar Stock Exchange.
Dukhan Bank’s shares were listed in the banking sector category through the Direct Listing mechanism, a common mechanism in all regional markets, which allows companies to be listed without an IPO (Initial Public ......read more
Doha, 22 February 2023: Qatar Insurance Company (QIC Group, QIC), the leading insurer in Qatar and the Middle East North African (MENA) region, announced its financial results for the year ended 31 December 2022. Following a meeting of the board of Directors on Tuesday 21st of February 2023, which was presided over by Mr. Khalifa Abdulla Turki Al Subaey, Chairman & Managing Director of QIC Group, the Board approved the financial results. The Group reports gross written premiums (GWP) of QAR 9.8 billion for 2022. However underwriting results from our discontinued business of international operations were severely affected which resulted in the Group reporting a net loss of QAR 637 million compared to a net profit of QAR 630 million for the previous year.
Commenting on QIC’s financial performance in 2022, Mr. Khalifa Abdulla ......read more
Marketing and Communications Director Christelle Bou Chebel, and Sales and Marketing Director Yildiray Satiroglu bring with them a track record of international experience to usher in a new era of growth and expansion for the hotel.
Doha, Qatar – 7 February 2023: Park Hyatt Doha, a luxury hospitality pioneer and sophisticated luxury retreat in the cultural heart Msheireb Downtown Doha, has announced the expansion of its leadership team, as part of a series of strategic hirings that aim to drive its growth and expansion in Qatar.
Christelle Bou Chebel, the new Director of Marketing and Communications, holds a bachelor’s degree in journalism from the Lebanese University in Beirut, as well as a Master’s in Communication and Information. She brings with her a wealth of experience in public relations at several ......read more
• Dukhan Bank QPSC is the third largest and fastest growing Islamic bank in Qatar with total assets of more than QAR 100 billion;
• The Qatar Financial Markets Authority (QFMA) has approved direct listing of Share Capital of the Bank on the main market of the Qatar Stock Exchange;
• The Bank’s Listing Document (“Prospectus”) is available on the website of Dukhan Bank and Qatar Stock Exchange;
• Trading of the Shares will commence on 21 February 2023;
• Listing of more than 5.234 billion shares at listing price of QAR 4.35 per share;
• Market capitalization of QAR 22.768 billion at listing valuation with sufficient free float of 33.344%;
• Individual ownership limit of 5% for non-Founders and combined foreign ownership cap of 49%;
• The direct listing will ......read more
Doha, 05th February 2023 - Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region is once again the platinum sponsor of Katara’s International Arabian Horse Festival (KIAHF).
Held under the patronage of His Highness the Amir Sheikh Tamim bin Hamad Al Thani, the festival is organized by the Cultural Village Foundation (Katara) in co-operation with Qatar Equestrian Federation and Qatar Racing & Equestrian Club and runs from 01 February to 11 February.
The sponsorship is in line with the role QIC has been playing in supporting key events and initiatives that enhance the status of Qatar as a hub for local and international cultural and sporting events.
Commenting on the sponsorship, Mr. Salem Al Mannai, Group CEO said, “Given QIC’s position as a leading Qatari company, ......read more
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 ......read more
• 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 ......read more
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 ......read more
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), ......read more
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 ......read more
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 ......read more
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 ......read more
• 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 ......read more
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 ......read more
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 ......read more