QIB bags 4 titles at MEED MENA banking excellence awards
Qatar Islamic Bank (QIB) received four awards from the Middle East Economic Digest (MEED) MENA Banking Excellence Awards 2022 in recognition of its outstanding performance across retail and digital banking. With its comprehensive customer offering and focus on optimizing and digitizing its banking operations, QIB was named ‘MENA Retail Bank of the Year’, ‘Best Retail […]
Qatari Islamic finance assets rise 20 percent to QR629 billion: Report
Islamic finance assets in Qatar grew at a rate of 20 percent in 2021 to reach QR629 billion ($172 billion), an annual report on Islamic finance in Qatar has revealed. Islamic banks accounted for 87 percent of these assets, it added. Islamic Sukuk accounted for 11.6 percent and Takaful insurance companies 0.8 percent. The […]
PM visits Cityscape Qatar 2022 exhibition
Prime Minister and Minister of Interior HE Sheikh Khalid bin Khalifa bin Abdulaziz Al Thani visited the 10th edition of the Cityscape Qatar 2022 exhibition held at the Doha Exhibition and Convention Center on Wednesday. During his visit to various sections of the exhibition, the Prime Minister and Minister of Interior was briefed on the […]
The Pearl Island records entry of 90 million vehicles since 2016
United Development Company (UDC), the master developer of The Pearl and Gewan islands, announced that nearly 90 million vehicles entered The Pearl Island since 2016. According to 2021 figures, this constitutes an increase of 77 percent compared to vehicle influx in 2016, while UDC is expecting to receive a significant 19 million vehicles by […]
IPA Qatar signs investment deals with Green Boom, PwC
Investment Promotion Agency Qatar (IPA Qatar) announced the signing of two Memorandums of Understanding (MoUs) with international companies on the sidelines of the second edition of the Qatar Economic Forum powered by Bloomberg being held in Doha from June 20 to 22. The MoUs with Green Boom, a leading U.S. based manufacturer of bio-degradable absorbents; […]
QNB ranks third in Forbes’ top 100 listed firms in Middle East
The Qatar National Bank has been ranked third in the Forbes Middle East Top 100 Listed Companies for 2022 with $14 billion in sales and $59.1 billion in market capitalization, making it the only Qatari company to appear amongst the top 20. For the third consecutive year, the world’s largest oil and gas giant, Saudi […]
UDC nears full rental occupancy at The Pearl Island
United Development Company (UDC), a leading Qatari public shareholding company and the master developer of The Pearl and Gewan Islands, announced that it is approaching full occupancy of its 1123 residences at The Pearl Island, which are currently 93 percent occupied or reserved for upcoming lease. UDC’s residential leasing portfolio covers various units in Porto […]
Qatar Economic Forum kicks off in Doha today
Under the patronage of His Highness the Amir of State of Qatar Sheikh Tamim bin Hamad Al Thani, leaders, decision-makers, businessmen and managers of major international companies will meet in Doha as part of the activities of the 2nd edition of Qatar Economic Forum. Powered by Bloomberg, the event will be held from June […]
QA committed to environmental sustainability: Al Baker
Qatar Airways Group Chief Executive Akbar Al Baker has reaffirmed the airline’s commitment to sustainability. “At Qatar Airways (QA), we remain steadfast in our ambition to demonstrate leadership in environmental sustainability, in order to ensure a safe and sustainable industry for future generations,” Al Baker said on Sunday as the activities of the International Air […]
Eni becomes QatarEnergy’s 2nd partner in NFE expansion
QatarEnergy has selected Eni as a partner in the North Field East (NFE) expansion project, the single largest project in the history of the LNG industry. This announcement marks the second partnership in the $28.75 billion NFE mega project, which will expand Qatar’s LNG production capacity from the current 77 million tons per annum […]