Qatar PR Network, Online Press Release from qatar and Doha city
Featured in Banking and Investments
Qatar to host the 51st UN Tourism Regional Commission Conference for the Middle East

A High-level delegation from Qatar Tourism led by His Excellency Mr. Saad bin Ali Al Kharji, Chairman of Qatar Tourism is participating in the fiftieth UN Tourism meeting of the Regional Commission for the Middle East, which is currently held in the capital of the Sultanate of Oman, Muscat. The meetings started 22 May and will continue until 24 May. At the conclusion of the meetings todays, it was announced that the State of Qatar will host the upcoming UN Tourism Regional Commission 51st conference. Choosing Doha as the host for the next conference is a testament to Qatar’s position as a regional and global hub for cultural, economic and political exchange. It solidifies the tourism sector’s integral contribution in sustainable economic development and the role it played in enhancing cooperation between countries and ......read more

MEEZA Announces the Appointment of New CEO

Doha, Qatar – 23 May 2024: MEEZA QSTP-LLC (Public) – Ticker: "MEZA". MEEZA, Qatar's leading managed IT services, solutions provider, and data centres, is pleased to announce the appointment of Mr. Mohamed Ali Al-Ghaithani as the new Chief Executive Officer, effective on 23 May 2024. Mr. Mohamed Al-Ghaithani brings to MEEZA a distinguished career spanning 18 years emerged in the technology sector, and a proven track record of leadership to oversee MEEZA's next phase of innovation and growth. With a wealth of experience, Mr. Mohamed Al-Ghaithani has spearheaded numerous business development programs and projects, driving strategic initiatives for digital transformation, operational automation, and the launch of innovative technological platforms across diverse sectors, including services and ......read more

QFZ and Evonik Sign MoU at Qatar Economic Forum, Aiming to Explore Investment Opportunities in Qatar

Focus on sustainable solutions out of Evonik’s smart materials portfolio With this partnership, QFZ and Evonik will jointly contribute to efforts towards the development of Qatar’s industrial capabilities Doha, 16 May 2024: Qatar Free Zones Authority (QFZ) and Evonik, a leading specialty chemicals company headquartered in Germany, have signed a Memorandum of Understanding (MoU) on the side-lines of QFZ’s participation in Qatar Economic Forum. The common aim is to explore specific investment opportunities focused on sustainable solutions for energy transition. As an important cornerstone of Evonik’s strategy to enable green transformation, the smart materials portfolio consists of a variety of innovative products, including membranes for gas separation. Potential future investments are foreseen to take ......read more

Qatari Investors Group (QIG) selects Rise with SAP for accelerated transition to Cloud in-country

Photo caption (from left): Jeejith Sreedharan, Senior Manager - ICT, QIG; Rafeeq Ali, Senior Account Executive, SAP; Alaa Jaber, Managing Director, Qatar & Fast Growth Markets, SAP; Joseph Abdo, CEO, QIG; Wissam Elhage, Senior Manager, SAP; Mouhamad Aboudaher, Chief Human Resource Officer, QIG; and Khaled Al Mufleh, Manager - Supply Chain, QIG. Doha, Qatar — May 15, 2024 — Qatari Investors Group Q.P.S.C. (QIG), a diversified conglomerate listed on the Qatar stock exchange, has signed a partnership agreement with global technology company SAP SE (NYSE: SAP) that will enable it to leverage the benefits of SAP's cloud ERP solution, with data securely hosted in Qatar. QIG will move its mission-critical business processes from its legacy on-premises ERP software systems to SAP S/4HANA Cloud, an enterprise resource ......read more

QFZ and FedEx Logistics Sign MoU to Establish a Regional Logistics Facility in Qatar's Free Zones

Doha, Qatar, (May 15, 2024): Qatar Free Zones Authority (QFZ) and FedEx Logistics, a subsidiary of FedEx Corporation (NYSE: FDX), signed a Memorandum of Understanding (MoU) to facilitate the establishment of a regional logistics facility in Qatar’s free zones. The facility, which will operate under the company’s FedEx Trade Networks Transport & Brokerage division, will be located at Ras Bufontas Free Zone and will include a state-of-the-art logistics office.    The MoU was signed by Sheikh Mohammed H. F. Al-Thani, CEO of Qatar Free Zones Authority (QFZ), and Patrick Moebel, President and CEO of FedEx Logistics, in a ceremony that took place on the sidelines of their participation at the Qatar Economic Forum, following a productive panel discussion titled ‘Connecting to the Shifting Global Supply Chain ......read more

Alo Yoga debuts in Qatar with flagship opening at the Doha Festival City

Qatar - 12 May 2024: Luxury fashion and lifestyle brand Alo Yoga opened its newest flagship store in Qatar today at the Doha Festival City, in partnership with Alshaya Group, one of the world’s leading international retail franchise operators. The opening also marked the launch of the online shopping platform https://www.aloyoga.com.qa in the country. Sprawling across 410 sqm, the in-store experience builds on Alo’s global mission to spread mindful movement, inspire wellness, and create community. The store’s expansive layout will bring the latest collections to full display, including high-performance activewear, and on-trend leisurewear. “Following the successful opening of Alo in Kuwait and more recently Dubai, our latest opening in Doha will give us an opportunity to connect with our customers in Qatar, ......read more

Dukhan Bank announces the first prize winner of QAR 1 Million of its Thara'a Savings Account

Doha, Qatar – xx May 2024 – Dukhan Bank has announced Ahmad Mansi 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. Dukhan Bank continues its customer-centric approach with the unveiling of a new campaign for its Thara’a savings account, reinforcing its commitment to rewarding clients. Departing from ......read more

QIC Group reports 11 % growth in Net Profits at QAR 194 million.

Doha, 30 April 2024 - Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a net profit of QR 194 million for the first quarter of 2024, rising from QAR 175 million over the same period in 2023 with a 11% growth. Following a meeting of the Board of Directors dated 29th April 2024, which was presided over by Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of QIC Group, the Board approved the financial results. Sheikh Hamad bin Faisal Al Thani, Chairman of QIC Group, stated: “QIC begins 2024 in excellent financial health. The first quarter of the year saw the company consolidate and build upon the progress it made over the previous year – with a renewed focus on strengthening profitable domestic and regional ......read more

GWC Posts QAR 50.88 million in Q1 Net Profits

Sheikh Mohammed Bin Hamad: Fostering organizational agility attracting promising investment opportunities Sheikh Abdulla Bin Fahad: Focusing on completion of ongoing and upcoming projects Ranjeev Menon: Continuing expansion strategy vertically and geographically  23 April 2024, Doha: Gulf Warehousing Company Q.P.S.C (GWC), one of the fastest-growing firms in the MENA region, has announced its financial results for the first quarter of 2024. During the three-month period ending 31 March 2024, the company posted net profits of QAR 50.88 million, gross revenues of QAR 375.73 million, earnings per share of QAR 0.087, and total assets of QAR 5.07 billion for the same period. Shaikh Mohammed Bin Hamad Bin Jassim Bin Jaber Al Thani, GWC Chairman, said: “The first-quarter results underscore the company's financial position ......read more

Dukhan Bank reports a net profit of QAR 423 million for the three-month period ended 31 March 2024

Strong bottom-line profitability is underpinned by robust growth in total income of 15% on a year-on-year basis Group’s total assets amounted to QAR 112.9 billion Robust CAR of 18.2%, remained adequately higher than the minimum statutory limits Doha, Qatar – 22 April 2024: Dukhan Bank (“the Bank” or “the Group” when referred along with its subsidiaries; QSE Ticker: DUBK), announced its financial results for the three-month period ended 31 March 2024 with a net profit amounting to QAR 423 million, representing a 2% growth compared to the last year. Key Performance Highlights   Total assets QAR 112.9 billion +10% vs. 1Q23   Financing ......read more

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

Doha, Qatar – 03 April 2024 – 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. 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. As the draw results showed, a cash prize worth 5,000 Qatari Riyals was awarded to Albandari Almana, Alzaina Al-Naama, Jameel Khan, Suhaib Almabrouk, Mishal Shanny, , Samera Mohammed, Mohamed Ayari, Hassan Al-Obaidly, Masoumeh Alibazi, Aisha Al-Hamar, Nezar Alakari, Salma Basharaheel, Saeed Alkhelaifi, Madhuri Jalan, Alanoud Al-Moawda, Fatima Al-Ibrahim, Ali Sorour, Saqr Alkarbi, Nada Alhiday, Abdulaziz Mohamed, Abdulrahman Fakhroo, Khalifa Al Kaabi, Shaikha Al-Saai, ......read more

QIC Group Honors Staff at Long Service Award Ceremony

Doha, 31st March 2024 - Qatar Insurance Group (“QIC Group”, “QIC”), presented 125 employees in Qatar and across the Group’s regional and international operations with long service awards in recognition of their dedication and invaluable contribution to the leading insurer in Qatar and the Middle East North Africa (MENA) region. The ceremony was held during the yearly Ramadan suhoor event hosted by QIC for its staff at the St. Regis hotel in Doha where honorees were presented with the awards by members of the Group’s Chief Administrative Officer, Mr. Rashid Al Buainain. 65 staff members received the award for five years of service, 19 for 10 years, 30 for 15 years, six for 20 years and five staff members were honored for over 25 years of service. The event also coincided with the Group’s 60th ......read more

Dukhan Bank's Agm Approves 16% Cash Dividend For Shareholders, Equivalent To Qar 0.16 Per Share

The Bank recorded a historic annual net profit of QAR 1.3 billion in 2023; •   Significant year-on-year total income growth of 37%, at QAR 6.1 billion in 2023; •   Total assets reached QAR 114 billion at end of 31 December 2023. Doha – Qatar, 20 March 2024: Dukhan Bank convened its Ordinary and Extraordinary Annual General Meeting (AGM) on Wednesday March 20, 2024, 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 82.47% of the Bank’s shareholders. During the AGM, all the items on the agenda were discussed, including listening to and endorsing the Board of Director's Report on the results of the Bank and financial statements for year ended December 31, 2023, and discussion of ......read more

QIC Opens Edutainment Branch at KidzMondo Doha

Doha, Qatar - 12 March 2024: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has officially opened its interactive edutainment establishment at the KidzMondo Doha theme park in the Mall of Qatar. Designed to help youngsters boost their self-confidence and realize their full potential, the QIC mini branch offers a fun-filled introduction to the world of insurance and its related industries, including customer services, money and risk management, and much more. Children will also get the exciting opportunity to practice their learnings by taking the roles of underwriters, customer service agents, surveyors, and insurance adjuster in an interactive way. Further to ending up their journey at QIC with a basic knowledge of how insurance works, children will get compensated for their work with some Kidlars ......read more

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

Doha, Qatar – 09 March 2024 – 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. 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. As the draw results showed, a cash prize worth 5,000 Qatari Riyals was awarded to Belal Atout, Mohamed Yakub, Ameer Ashraf, Zineb Fakhri, Ahmed Abdulrahman, Sulaiman Albalushi, Abdulla Al-Kuwari, Maher Rouhou, Sara Almaraghi, Tayeb Al-Habshi, Mumthaj Aliahamed, Farhan Abdulla, Saif Al-Kuwari, Mohsin Banibasheer, Sara Alyafei, Amna Abdulla, Aysha Al-Jabir, Seham Kareeb, Mir Khan, Shimaa Al Qattan, Bilal Abdulla, Ian Fernandes, Hissa Alansari, Ayham Alrebdawi, Sree ......read more

QIC Group hold its General Assembly Meeting

Strong performance delivers a return to profitability at QAR 615 million for the year 2023 Doha, 07th March 2024 - Qatar Insurance Group (QIC, QIC Group), the leading insurer in Qatar and the MENA region, held yesterday, Wednesday, 06 March, its General Assembly Meeting at the Ritz Carlton hotel in Doha, Qatar. The meeting was chaired by H.E. Sheikh Hamad bin Faisal bin Thani Jasim Al Thani, Chairman of the Board, and was 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 31/12/2023; the company’s future plans; balance sheet, and profit and loss account for the year. Additionally, the meeting approved the auditors' report on the ......read more

WING's Spring Conference in Doha celebrates collaboration and innovation in the global insurance sector

Doha, March 7, 2024 –The Worldwide Insurance Network Group (WING), a leading global network of independent insurance brokerage providers, held its exclusive three-day Spring Conference from March 4 to March 7, 2024, in Doha. The invite-only event brought together international, regional, and local insurance players and experts, spotlighting the role of cross-border collaboration in navigating the complexities of the global insurance landscape. Founded in 1990, WING’s robust member and provider network today spans more than 55 markets across continents. The Group’s choice of Doha for its yearly Spring Conference underscores Qatar’s growing prominence as a global business and insurance hub, powered by world-class infrastructure and connectivity.  “Beyond networking, this conference is a strategic ......read more

Driving Qatar's economic diversification through investment

Sheikh Ali Alwaleed Al-Thani highlights the strategies crucial for attracting foreign investment in an exclusive interview with Oxford Business Group   Doha, February 2024: Oxford Business Group (OBG) explores Qatar's strategies for economic diversification in its latest interview with Sheikh Ali Alwaleed Al-Thani, CEO of Investment Promotion Agency Qatar (Invest Qatar). The interview, titled “Sustained Momentum,” explores Qatar's proactive approach in leveraging cooperation and competitive advantages to attract foreign investment.   In the interview, Sheikh Ali Alwaleed Al-Thani sheds light on key initiatives driving Qatar's transition to a diversified, knowledge-based economy.   Significant investments in transport infrastructure projects, such as Hamad International Airport, ......read more

QIC Group reports Net Profits of QAR 615 million for the year 2023

Net Profit up by 152% Highlights in FY 2023 QIC Group consolidated net profits surge by 152% to QAR 615M. Gross written premiums of QAR 8.5Bn. QIC’s domestic and MENA operations gross written premiums grew by 25% in 2023. Insurance service results of QAR 747M in 2023, compared to loss of QAR 465M in 2022. Net investment results of QAR 922M during 2023, compared to QAR 828M in 2022 Doha, 15 February 2023 - Qatar Insurance Company (“QIC Group”, “QIC”), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported net profits (including minority) of QAR 615 million for the year 2023, compared to a net loss of QAR 1,183 million for the previous year. Following a meeting of the Board of Directors yesterday, which was presided over by Sheikh Hamad bin Faisal bin ......read more

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

Doha, Qatar – xx February 2024 – 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. 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. As the draw results showed, a cash prize worth 5,000 Qatari Riyals was awarded to Bibibakhiyar Mahoudinowdaz, Ibrahim Al-Abdulla, Nabil Allahham, Sameer Khan, Najat Al-Muslemani, Amroo Haikal, Shaikh Munawaruddin, Aldana Al-Saad, Naseer Cheruvote, Salem Al-Qitairi, Abdulla Al-Marri, Latifeh Taha, Abdulla Al-Khulaifi, Rabie Khaldi, Maryam Alkhayareen, Mohamed Allabban, Fildy Iswara, Khalid Alobaidli, Adeeba Al-Sulaiti, Ali Alkhulaifi, Maryam Al-Hetmi, Abdulaziz ......read more

Dukhan Bank Posts a Historic net profit of QAR 1.3 billion for the Year ended 31 December 2023, with a 4% Yearly Growth

The Board of Directors proposed a cash dividend of 16% of nominal share value, equivalent to QAR 0.16 per share, subject to QCB approval and shareholders’ approval at the AGM  The Group reported highest ever profits, underpinned by strong growth in total income of 37%  Group’s total assets remained at the historic levels at QAR 114.4 billion  Robust CAR of 17.2%, remained adequately higher than the minimum statutory limits    Doha, Qatar – 4 February 2024: Dukhan Bank (“the Bank” or “the Group” when referred along with its subsidiaries; QSE Ticker: DUBK), announced its financial results for the year ended 31 December 2023 with a highest net profit amounting to QAR 1.3 billion, representing a 4% growth compared to the last year.   Key ......read more

Dukhan Bank posts a historic net profit of QAR 1.3 billion for the  year ended 31 December 2023, with a 4% yearly growth The Board of Directors proposed a cash dividend of 16% of nominal share value, equivalent to QAR 0.16 per share, subject to QCB approval and shareholders’ approval at the AGM  The Group reported highest ever profits, underpinned by strong growth in total income of 37%  Group’s total assets remained at the historic levels at QAR 114.4 billion  Robust CAR of 17.2%, remained adequately higher than the minimum statutory limits    Doha, Qatar – 4 February 2024: Dukhan Bank (“the Bank” or “the Group” when referred along with its subsidiaries; QSE Ticker: DUBK), announced its financial results for the year ended 31 December ......read more

Navigating Technological Trends and Emerging Challenges in the Gulf Media Industry

Northwestern Qatar Dean Marwan M. Kraidy explores the Gulf media and education landscape in Oxford Business Group interview Doha, February 2024: Oxford Business Group (OBG) explores the evolving Gulf media landscape in its upcoming publication, The Report: Qatar 2024, featuring an insightful interview with Marwan M. Kraidy, dean and CEO of Northwestern University in Qatar. In the discussion, Kraidy highlights Northwestern Qatar’s commitment to providing innovative education within a diverse academic and research community. The institution focuses on nurturing enduring skills, such as writing and critical thinking, acknowledging their relevance regardless of changes in the media industry. Swift adaptability to industry developments is a hallmark, with the recognition that the pace of change provides a ......read more

QIC Named “Insurer of The Year in Qatar” at The MENA IR Awards 2024

Doha, 1st February 2024 - Qatar Insurance Company (QIC), has been named “Insurer of the Year in Qatar” for the third consecutive year at the prestigious MENA IR Awards 2024. The recognition took place at the program’s annual awards ceremony held last week in Dubai and was 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 last 12 months, offering customers the best coverage options and the unique ability to be in full control of all their insurance needs. The company has also succeeded in cementing its market leadership position by providing the best online insurance services to retail customers, namely ......read more

Qatar is the New Home of the Green Economy Partnership (GEP)

Doha, Qatar, 17 January 2023: In a significant stride towards global sustainability, the Green Economy Partnership (GEP) headquarters will be domiciled in Doha, Qatar, furthering its commitment to fostering international collaborations under the Country’s far reaching sustainability vision.  Under the leadership of His Excellency Sheikh Mansour Bin Jabor Bin Jassim Al Thani, GEP aims to amplify its impact on global climate initiatives, emphasizing collaboration with governments and the implementation of CO2 removal projects that fall under article 6 of the Paris Agreement. “The Green Economy Partnership was established to create global collaborations that exceed the nominal value of the transactions. We actively work with governments, advising and driving the development of ARR projects that reduce NetZero ......read more

Financial Results For The Year Ended 31 December 2023

Doha, 11 January 2024: QNB, the largest financial institution in the Middle East and Africa (MEA) region, announced that the Board of Directors, during its meeting held today has approved its results for the year ended 31 December 2023. The Board of Directors of QNB Group have recommended to the General Assembly the distribution of a cash dividend of 65% of the nominal share value (QAR0.65per share) after taking into account the solid financial performance recorded by QNB for the year ended 31 December 2023. The annual financial results for 2023 along with the proposed profit distribution are subject to Qatar Central Bank (QCB) approval. Net Profit for the year ended 31 December 2023 reached QAR15.5 billion (USD4.3 billion), an increase of 8% compared to the same period last year. Operating Income increased by 11% to reach QAR39.1 ......read more

MEEZA Wins Two Prestigious Awards at the Global Business Outlook Awards 2023

• MEEZA won the Most Innovative ICT Services Provider in Qatar and the Most Innovative ICT Learning Advisory Initiative for Graduates • The awards highlight the company's commitment to strengthening its leadership as the best managed IT service provider in the MENA region   Doha, Qatar – 30 December 2023: MEEZA QSTP LLC (Public), Qatar's leading Managed IT and Data Centre services Provider which was recently listed on the Main Market of Qatar Stock Exchange (QSE), has won the Most Innovative ICT Services Provider in Qatar while MEEZA Academy was recognised as the Most Innovative ICT Learning Advisory Initiative for Graduates at the Global Business Outlook Awards 2023.   MEEZA was crowned with both awards in recognition of its excellence in the ongoing efforts to improve, develop, and ......read more

QIC Opens a New Branch at Doha Festival City

Mall visitors can get access to personal lines insurance products, including getting their insurance policies and filing claims The new branch is open from Saturday to Thursday from 10am till 10pm, and on Fridays from 5pm till 10pm Doha, Qatar - 28 December 2023: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has announced the opening of its newest branch at Doha Festival City, one of Qatar's favorite destinations for shopping, dining, and entertainment. This opening comes as part of the QIC’s ongoing efforts to elevate its offerings, bringing customers further convenience and easy access to different channels that allow them to fulfill their insurance needs and feel safer about their lives, their loved ones, and their properties. Conveniently located on the ground floor and ......read more

Anoud Tech Wins Insurtech of the Year 2023 Award

Doha, 21st December 2023 - Anoud Technologies LLC (Anoud Tech), a wholly owned IT subsidiary of QIC Group, the leading insurer in Qatar and the MENA region, was announced as the winner of the prestigious InsurTech of the Year 2023 award in recognition of its outstanding achievements in digital insurance. The award was presented at the 10th Middle East Insurance Industry Awards on November 2023 in Dubai, UAE. Commenting on this accomplishment, Mr. Salem Al-Mannai, QIC Group CEO said, “We are thrilled that Anoud Tech has been named ‘InsurTech of the Year’, which recognizes the company’s transformative impact on the insurance industry through a technology that aims to strengthen operational resilience and revolutionize insurance administration across the world. Anoud Tech’s win is also a testament to the ......read more

Qatar Signs the Digital Cooperation Organization Charter

Doha, 12 December 2023 – The Digital Cooperation Organization (DCO) announced that the State of Qatar has signed the DCO Charter, further strengthening the Organization's capacity to accelerate global digital economies. H.E Mohammed bin Ali bin Mohammed Al Mannai, Qatar’s Minister of Communications and Information Technology, and the DCO Secretary-General H.E Ms. Deemah AlYahya attended the signing of the DCO Charter at the Doha Forum in Qatar earlier today. His Excellency Mr. Mohammed bin Ali Al Mannai, Minister of Communications and Information Technology, emphasized the importance of signing the charter, stating," The signing of the charter to join the Digital Cooperation Organization contributes to enhancing Qatar's role as a key player on the international level in the field of technology and digital ......read more

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

Doha, Qatar – 9 December 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 Nasser Al-Hajri and Mohammed Al-Mannai each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Abdellatif Azzaoui, Latifa Al-Bahr, Mohammed Al-Abdulla, Faisal Al-Sada, Saad Al-Marri, Sayed Abdelaziz, Rey Balita, Maha Abuhujleh, Shaikh Munawaruddin, Aljawhara Al-Ali, Rana Alturani, Layla Aljaber, Maryam Al-Moslemani, Bashir Tambe, Mohammed Al-Malki, Medel Tan, Musab Ahmed, Omar Al-Hammadi, Siddique Mohammed, Noor Mohamed, Adeeba Al-Sulaiti, Noora Alabdulmalik, Rashid Al-Maslamani, Amira Braham, Muna Meghary, Mohamed Bayoumy, ......read more

QIC Launches “3 Months Free Insurance” Promotion

New customers can benefit from a 12-month comprehensive insurance for the price of just 9 months The offer is ongoing until 29 February 2024 and provides flexible payment options, including a monthly installment plan Doha, Qatar - 5 December 2023: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, announced the launch of its exclusive end of the year car insurance promotion, allowing 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 benefit from a 12-month full insurance coverage for the price of just 9 months, which means that the customer gets 3 months of coverage for free. Ongoing until 29 February 2024, QIC’s new promotion can be availed when buying a new comprehensive policy in ......read more

Al Meera Launches “National Product Week” and the National Day Campaign "I Love Qatar” that Rewards Customers with 250 Valuable Prizes

Doha, Qatar - 30, November 2023: In collaboration with the Ministry of Commerce and Industry, Al Meera is delighted to announce the launch of the 'National Product Week' initiative, under the slogan 'Together, We Support the National Product. 'This initiative will run from November 29 to December 6, 2023, showcasing Al Meera's commitment to supporting national products. Additionally, Al Meera will continue its support through the National Day campaign under the slogan 'I Love Qatar.' The campaign offers Meera Rewards members exciting prizes when shopping at any Al Meera branch nationwide or through Al Meera Online (almeera.online) until January 3, 2024. With the aim of continuing to support national products and local farms, the initiative was officially launched at Rawdat Al Hamama branch, in the ......read more

‘We Are Now at the Dawn of a New Age for Intelligence,' Says Global AI Expert at Qatar Foundation's 2023 Wise Summit

The summit showcased diverse perspectives of key thought leaders, innovators, and young changemakers on AI in education Doha, Qatar – 29 November 2023: The world is at a tipping point for human evolution because machines are about to profoundly change the way we live, the way we work, and even experience what it means to be human, said Nina Schick, one of the first Generative AI experts and Founder of Tamang Ventures Limited, at WISE 11, the 11th edition of Qatar Foundation’s WISE Summit, that concluded today. Referring to the exponential rate at which the capabilities of AI systems are advancing, Shick emphasized, “In this new age of intelligence – a revolution – the default is going to be a symbiotic relationship with machine and human working together.” In the masterclass ......read more

Strategy& Middle East Commits to Qatar's Future Growth by Expanding its Senior Presence in Doha

Doha, Qatar, 27 November 2023: Strategy& Middle East, a member of the PwC network, has expanded its senior presence in Qatar as part of its plans to support the nation’s flourishing business community and contribute to the Qatar National Vision 2030.  Strategy& Middle East aims to support a growing portfolio of work in the country, with plans to further expand its operational capabilities and invest in attracting and developing exceptional talent in Qatar over the coming years.    The firm first established its Doha office in 2010. It has been actively engaged in delivering a variety of strategy consulting and advisory services in Qatar, catering to both public and private sector clients. Drawing on its deep expertise, the firm closely collaborates with organizations across numerous industries. These ......read more

Naufar Advances Digital Transformation through Strategic Partnership with MEEZA

Doha, Qatar, 21 November 2023: Naufar, a leading healthcare institution in Qatar, is set to revolutionize its digital capabilities through a strategic collaboration with MEEZA, a prominent Managed IT Service and Solutions provider in the state of Qatar, recently listed publicly, signifies a pivotal. In a landmark move toward comprehensive IT infrastructure revitalization, Naufar will leverage MEEZA's expertise to migrate to the secure, compliant, and innovative framework offered by the Azure cloud platform, hosted within Microsoft's datacenter region in Qatar. Recognizing the global emphasis on digital integration and advancement across industries, the collaborative initiative between Naufar and MEEZA along with the strong partnership with Microsoft underscores a joint dedication to excellence and innovation within the ......read more

Dukhan Bank Partners with the Gulf Organization for Research and Development to Boost Sustainable Financing Initiatives

The Gulf Organisation for Research and Development (GORD), a leading organization dedicated to promoting sustainability and climate change, and Dukhan Bank, a prominent Shari’ah-compliant banking service provider, have announced a significant partnership aimed at bolstering sustainable finance practices and fostering environmental and societal development in line with Qatar National Vision 2030 and the United Nations Sustainable Development Goals (SDGs).   The collaboration was formalized through a signing ceremony at the International Horticultural Expo 2023 Doha, further cementing the Expo’s status as a breeding ground for climate-focused collaborations and sustainable initiatives.  The recent partnership between GORD and Dukhan builds upon the Memorandum of Understanding (MoU) inked between GORD and ......read more

Qatar Insurance Group Sponsors Qatar Travel Mart

QIC will showcase its latest inbound and outbound travel insurance solutions for retail and corporate customers Visitors to the QIC pavilion will get access to personalized insurance advice and instant assistance with determining their travel insurance needs Doha, Thursday 16th November 2023 - Qatar Insurance Group (QIC Group, QIC), the leading insurer in Qatar and the MENA region, has announced its sponsorship of the Qatar Travel Mart (QTM) 2023, to be held tomorrow at the Doha Exhibition and Convention Center from 20 to 22 November 2023. In addition to lending its insurance capabilities to this year’s edition, QIC is an expert panel participant on the role of the insurance industry in ‘preserving cultural heritage and promoting tourism. Additionally, QIC will showcase its latest inbound and outbound travel insurance ......read more

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

Doha, Qatar – 09 November 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 Mira Sahraoui and Fatma Shokri each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Samir Abdelmageed, Ammar Abdelhafez M Alshahrouri, Aisha Al-Mohannadi, Ali Al-Mejali, Hoyam Abidalla, Mohammed Al-Mannai, Hatem Hajri, Noora Al-Baker, Muna Almusallam, Salman Al-Fakhroo, Rawia Abujrir, Abdulhadi Al-Hababi, Daleen Alkhatib, Maryam Al-Saadi, Maryam Alnaimi, Parvin Mammadov, Moustafa Mostafa, Mohamed Elsanosi, Shaikha Al-Thani, Mohammed Omer, Maged Mekhaiel, Rania Elnakkouzi, Sarah Obiedat, Mansour Al-Hajri, Hemyan  ......read more

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

Doha, Qatar – 09 November 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 Mira Sahraoui and Fatma Shokri each won a cash prize of 10,000 Qatari Riyals. Also, a cash prize worth 5,000 Qatari Riyals was awarded to Samir Abdelmageed, Ammar Abdelhafez M Alshahrouri, Aisha Al-Mohannadi, Ali Al-Mejali, Hoyam Abidalla, Mohammed Al-Mannai, Hatem Hajri, Noora Al-Baker, Muna Almusallam, Salman Al-Fakhroo, Rawia Abujrir, Abdulhadi Al-Hababi, Daleen Alkhatib, Maryam Al-Saadi, Maryam Alnaimi, Parvin Mammadov, Moustafa Mostafa, Mohamed Elsanosi, Shaikha Al-Thani, Mohammed Omer, Maged Mekhaiel, Rania Elnakkouzi, Sarah Obiedat, Mansour Al-Hajri, Hemyan  ......read more

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Dukhan Bank Announces the Grand Prize Winner of 1,000,000 DAwards of Credit Card Spend Campaign…

Doha, Qatar – 4 November 2023: Dukhan Bank is delighted to announce Mr. Abdulla Al-Boainain as the grand prize winner of 1,000,000 DAwards in the third and final draw of its 3-month Credit Card Spend Campaign. The Bank initiated this campaign to reward its valued customers with a total of 2,000,000 DAwards. The winner was unveiled following a draw held at the bank's headquarters, ......read more

LG Announces Third-Quarter 2023 Financial Results…

High Performance, Strong Profitability Reflect Progress in Advancing Business Portfolio, Accelerating B2B Business and Procuring New Growth Engines 02 November, 2023 — LG Electronics Inc. (LG) today announced third-quarter 2023 consolidated revenue of KRW 20.7 trillion and operating profit of KRW 996.7 billion, both the second highest third-quarter figures in the company’s history. ......read more

The Ned Doha Welcomes Massimiliano Binda as Managing Director…

Massimiliano “Max” Binda brings over 30 years of experience in luxury hospitality to oversee the strategic direction and operations of The Ned Doha, a hotel and private members' club located in the heart of Doha. Doha, Qatar –30 October 2023 – The Ned Doha, a hotel and private members' club, is pleased to announce the appointment of Max Binda to the position of ......read more

MEEZA Records 24% Increase in Revenue and 29% Increase in Net Profit for the First Nine Months of ...…

Doha, Qatar, 26 October 2023: MEEZA QSTP LLC (Public) (“MEEZA” & “the Company”) announced its financial results for the nine months ended 30 September 2023, marking the Company’s first announcement since listing its shares on the Qatar Stock Exchange. Financial Summary In the first nine months of 2023, MEEZA’s Net Profit reached QR 46.0 million, ......read more

Dukhan Bank Posts A Net Profit of QAR 1.1 billion for the Nine-month Period ended 30 September ...…

Doha, Qatar – 29 October 2023: Dukhan Bank (“the Bank” or “the Group” when referred along with its subsidiaries; QSE Ticker: DUBK), announced its financial results for the nine-month period ended 30 September 2023 with a net profit amounting to QAR 1.1 billion, representing a 2.5% growth compared to the same period of last year. Analysis of Group’s ......read more

QInvest Participates in the Seventh Edition of the Future Investment Initiative (FII) held in Riyadh…

Doha, Qatar - 30 October 2023:  QInvest was an active participant in the seventh edition of the Future Investment Initiative (FII), held from 24 to 26 October, 2023, at the King Abdulaziz International Conference Center in Riyadh, Saudi Arabia. This year's FII, themed "The New Compass," hosted over 6,000 delegates and featured insights from 500 speakers across a broad spectrum ......read more

Navigating Qatar's Strategic Growth Agenda to Economic Transformation and Abundant Investor ...…

Oxford Business Group assembles Qatar 2023 team, bolstering presence in the Gulf Doha, October 2023: Oxford Business Group (OBG) is forging ahead with its research project to produce The Report: Qatar 2023      , unveiling a dynamic team poised to deliver comprehensive insights into Qatar's evolving economic landscape. This collaborative effort, led by Fernanda Braz as ......read more

Sharq Insurance Announces Participation in The Big 5 Construct Exhibition 2023…

Joining the largest gathering for the construction industry in Qatar, Sharq Insurance showcases its comprehensive engineering insurance services. Doha, Qatar - 22 October 2023: Sharq Insurance, a premier insurance provider in Qatar and a fully owned subsidiary of Doha Bank, has announced its participation in The Big 5 Construct exhibition, the largest gathering for the construction industry in ......read more

Lesha Bank Reports QAR 66.8 Million Profit for the Nine-Months Period Ended 30 September 2023…

Lesha Bank LLC (Public) (the “Bank” or “Lesha Bank”) announced its financial performance for the nine-month period ending on the 30th of September 2023. During this period, the Bank achieved a net profit of QAR 66.8 million attributed to the equity holders of the Bank, representing a 5.1% increase compared to the corresponding period of last year. This growth showcases the ......read more

Sharq Insurance Wins Double Recognition with the "Leading Qatari Insurance Services Provider ...…

Unleashing the power of innovation, Sharq Insurance's AI solutions, powered by the dynamic virtual assistant Jamaly, are redefining the insurance landscape. Doha, Qatar - 15 October 2023: Sharq Insurance, a leading insurance provider in Qatar and a fully owned subsidiary of Doha Bank, has won the "Leading Qatari Insurance Services Provider 2023" award of the International ......read more

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