QIIB net profit reached QR615 mn with a growth rate of 7.7%
QIIB on Tuesday posted a net profit of QR615 million for the first six months of 2023, up 7.7 percent compared to the same period in 2022. Earnings per share reached QR 0.41. Sheikh Abdullah bin Thani bin Abdullah Al Thani, Chairman of QIIB Board of Directors, expressed his satisfaction with QIIB’s performance, […]
QFZ, QDB collaborate to enhance Qatar’s investment climate
Qatar Free Zones Authority (QFZ) and Qatar Development Bank (QDB) announced their cooperation in a new joint initiative to strengthen and enhance the investment climate in Qatar by supporting investors operating in the free zones through a wide range of financial and advisory programmes and services provided by QDB. This comes as part of the […]
QCB governor meets with Saudi counterpart
Governor of Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al Thani met with Governor of Saudi Central Bank Ayman Al Sayari on Monday. The meeting discussed bilateral cooperation between the two countries in the financial and banking fields. Qatar tribune
Total assets of Qatar’s banking sector stood at QR1.880 trillion in May 2023: QNBFS
Total assets of Qatar’s banking sector stood at QR1.880 trillion in May 2023, QNB Financial Services (QNBFS) said in its monthly report onTuesday. According to the report, Qatar’s banking sector total loan book went up 0.2 percent MoM and deposits dropped by 1 percent in the month ofMay 2023. The private sector pushed the […]
QIB ties up with Visa to launch exclusive summer campaign
Qatar Islamic Bank (QIB) and Visa are pleased to announce the launch of their highly anticipated summer offer. Cardholders using their QIB Visa Debit or Credit Card for international purchases and Visa Credit Card for domestic purchases will have the opportunity to win one of 3 BMW iX40 electric vehicles. This year’s grand prize is […]
QIIB launches summer campaign for Visa cards in collaboration with Qatar Airways Privilege Club
QIIB has announced the launch of a special offer for Visa cardholders which provides them with the opportunity to enter a draw for the chance to win prizes from a grand total of 5 million bonus Avios, in collaboration with the Qatar Airways Privilege Club. As part of this offer, all QIIB Visa credit […]
QNB receives ‘Best Bank in Qatar’ award from Euromoney
QNB Group, the largest financial institution in the Middle East and Africa, has won the award of “The Best Bank in Qatar” from Euromoney magazine’s Awards for Excellence 2023, marking another significant achievement this year. The award is a recognition of the Group’s outstanding performance and its continuous effort to provide its customers with […]
QCB chief meets Indonesian official
Governor of the Qatar Central Bank (QCB) Sheikh Bandar bin Mohammed bin Saoud Al Thani met on Sunday with Vice Chairperson of the Regional Representative Council of Indonesia Dr Nono Sampono, who is visiting the country. During the meeting, the two sides discussed ways to enhance bilateral cooperation. Qatar tribune
Barwa signs QR3 billion financing deal with QIB
Barwa Real Estate Group has announced signing a new financing agreement for the amount of QR3 billion with Qatar Islamic Bank. The purpose of the new facility is to refinance a part of the Group’s facilities. The term of the new financing is up to 10 years which will support the cash flow of […]
Adopting new technologies to help Qatari banks transform businesses, says Kiswani
Responding to new market demands, banks in Qatar are acting quickly and transforming into a digitally enabled version of themselves. In an exclusive interview with Qatar Tribune, Financial Services Partner PwC Middle East Ahmed Al Kiswani talks about the various aspects of banking digitalisation aimed at enhancing profitability, scaling up operations and improving customer […]