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Tuesday, 21 May 2013

International Conference of Sukuk

International Conference of Sukuk
The Four Seasons Hotel in Doha (pictured) is to be the venue for an international conference on Sukuk, to be held on May 1-2 under the auspices and participation of H.E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar Central Bank. A number of leading legal and financial experts and Shari’a scholars, as well as top executives, will be taking part in the event, which is...

Qatar banks turn to bond sales as lending slows

Qatar banks turn to bond sales as lending slows
Qatari lenders including Commercial Bank and Doha Bank are boosting profits by selling more debt and equities to investors as income from lending slows. Commercial Bank and Doha Bank’s gains from investment sales last quarter were the biggest for any first quarter since 2005, data compiled by Bloomberg shows. Commercial Bank, the second-biggest Qatari lender, reported a threefold rise...

Qatar richest country in the world: IIF

Qatar richest country in the world: IIF
Qatar retained its ranking as the world’s richest country in 2012, with its per capita income soaring to an incredible $106,000, while Qatar Investment Authority (QIA), with assets of $115bn, was ranked 12th among sovereign wealth funds in the world. Qatar emerged as the world’s wealthiest country in 2010 with a per capita income of $88, 559, having overtaken Luxembourg, and...

Qatar gears up to sell QR4bn in bonds, sukuk

Qatar gears up to sell QR4bn in bonds, sukuk
Qatar will sell QR4bn ($1.1bn) of three-year and five-year bonds and sukuk, the state news agency said yesterday. The Qatar Central Bank will offer local banks QR3bn worth of bonds and QR1bn worth of Shariah-compliant notes, Qatar News Agency (QNA) said.  The local currency issues will take place quarterly, it said, without specifying how much of each maturity would be sold. In...

al khaliji Annual General Assembly approves 2012 financial statements

al khaliji Annual General Assembly approves 2012 financial statements
al khaliji held its Annual General assembly (“AGA”) meeting on Monday4 March 2013. During the meeting,the shareholders approved the 2012 financial statements and highly praised the Bank’s results which reached a Net Profit After Tax of QAR 512.2 million as of 31 December 2012, 5.2% higher than last year. His Excellency Sheikh Hamad Bin Faisal Bin Thani Al-Thani, Chairman and...

Banks closed on Sunday

Banks closed on Sunday
Qatar Central Bank (QCB) has announced that Sunday, March 3, 2013 will be a holiday for all banks and financial institutions under the control of  QCB. A press release issued by the Central Bank  said the closure is pursuant to the Council of Ministers Decision of 2009 that stipulated that the first Sunday of March each year shall be an official holiday for all banks in...

al khaliji participates in the 7th GCC Regulators’ Summit

al khaliji participates in the 7th GCC Regulators’ Summit
Al Khalij Commercial Bank’s (al khaliji) Q.S.C., took part in the 7th GCC Regulators’ Summit on the 25th & 26th of February, 2013 at the St. Regis Hotel, Doha. The GCC Regulators’ Summit is the region’s landmark forum for the financial compliance community. The event is organized by Thomson Reuters in association with Qatar Central Bank, Qatar Financial Centre...

IIF holds annual meeting of Middle Eastern and North African banks’ CEOs

IIF holds annual meeting of Middle Eastern and North African banks’ CEOs
This year’s annual meeting of Middle Eastern and North African bank chief executive officers – the 16th such gathering – concluded today in Doha, capital city of Qatar. Organized by the Institute of International Finance and hosted by the Qatar National Bank, the event was attended by around 100 top executives of the region’s banks and other financial services’ firms, as well...

al khaliji Platinum Sponsor for the 7th GCC Regulators’ Summit

al khaliji Platinum Sponsor for the 7th GCC Regulators’ Summit
Al Khalij Commercial Bank (al khaliji) Q.S.C., announced its Platinum sponsorship for the upcoming 7th GCC Regulators’ Summit on the 25th and 26thof February, 2013 at the St. Regis Hotel, in Doha. The GCC Regulators’ Summit is the region’s landmark forum for the financial compliance community. The event is organized by Thomson Reuters in association with the Qatar...

IBQ platinum sponsor of MEED Qatar projects 2013

IBQ platinum sponsor of MEED Qatar projects 2013
International Bank of Qatar (ibq) is the Platinum Sponsor of the MEED Qatar Projects 2013 which is being currently held in Doha at the Grand Hyatt hotel on 18-19 February 2013 under the esteemed patronage of H.E. Dr. Mohammed Bin Salah Al-Sada, Minister of Energy & Industry of Qatar. The event’s keynote address was presented by H.E. Sheikh Abdullah bin Saoud Al-Thani, Governor of...

Qatar sets Guinness World Record with world’s largest soccer ball

Qatar sets Guinness World Record with world’s largest soccer ball
Doha Bank has set a new Guinness World Record for having built the world’s largest soccer ball which is currently on display in the country. The Bank sponsored and developed the project to support the country’s growing role in soccer. During the Qatar Central Bank (QCB) Marathon held on the Doha Corniche on Tuesday, QCB Governor His Excellency Sh. Abdulla bin Saoud Al Thani was...

IBQ runs for Qatar National Sport Day

IBQ runs for Qatar National Sport Day
The team of the International Bank of Qatar (ibq) participated at the Qatar Central Bank annual 3-km Sport Day Race which took place on the 12th of February on Doha Corniche on the occasion of Qatar’s National Sport Day. An impressive number of financial professionals joined the race with the objective to raise awareness of healthy living and for Qatar to become a regional and...