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Wednesday, 12 Jun 2013
Home » Archive by category "Banking, Finance & Insurance"

QFB launches First Metal Shari’ah-Compliant World Elite MasterCard

QFB launches First Metal Shari’ah-Compliant World Elite MasterCard
Posted by on Jun 12, 2013 in Banking, Finance & Insurance | 0 comments
Qatar First Bank (QFB), Qatar’s first independent Shari’ah-compliant bank regulated by QFC Regulatory Authority, today announced the launch of the first Shari’ah-compliant metal ‘World Elite MasterCard Charge Card’ in Qatar and the MENA region. The launch is the opening initiative in QFB’s recently announced strategy of becoming a full service Shari’ah-compliant...
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al khaliji launches cross country mortgage

al khaliji launches cross country mortgage
Posted by on Jun 12, 2013 in Banking, Finance & Insurance | 0 comments
Al Khalij Commercial Bank (al khaliji) Q.S.C., announced the launch of ‘cross country mortgages’ for customers looking to purchase property in Qatar, the United Arab Emirates and France. This new service  is available to our Premium customers who are looking to buy property as a second home here in Qatar or as an investment in Paris or Dubai. With presence across Qatar, France, and...
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Barwa Bank supports Best Buddies Al Shafallah

Barwa Bank supports Best Buddies Al Shafallah
Posted by on Jun 11, 2013 in Banking, Finance & Insurance | 0 comments
Barwa Bank, Qatar’s fastest growing Shari’ah compliant banking service provider, was the proud Silver Sponsor of Buddylicious, an exclusive cooking workshop organised by Stenden University Qatar and Event Management for 30 students from Best Buddies AlShafallah, on Sunday 9th June, 2013 at Al Jazi Compound, West Bay. Barwa Bank was keen to support the event organised to engage...
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Nakilat refinances with QNB Group

Nakilat refinances with QNB Group
Posted by on Jun 11, 2013 in Banking, Finance & Insurance | 0 comments
Nakilat Inc., a wholly owned subsidiary of Qatar Gas Transport Company Ltd. (Nakilat), has successfully arranged refinancing amounting to US$917 million with Qatar National Bank SAQ (QNB). Nakilat Inc. established its Program Financing structure to fund the construction of a fleet of 25 LNG vessels, each of which is subject to a 25-year time charter. These vessels serve as part of the...
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Qatar’s NHIC appoints Aetna to deliver the country’s new Health Insurance Program

Qatar’s NHIC appoints Aetna to deliver the country’s new Health Insurance Program
Posted by on Jun 11, 2013 in Banking, Finance & Insurance | 0 comments
Aetna (NYSE: AET), a leading global diversified health care solutions company, has been appointed by the National Health Insurance Company (NHIC) of Qatar to support development of its capabilities for disease management and advanced analytic reporting. “We are honored to be chosen to play a significant role in the creation of a modern, efficient and integrated health insurance...
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TFI US Real Estate Fund closes on City Center DC financing

TFI US Real Estate Fund closes on City Center DC financing
Posted by on Jun 10, 2013 in Banking, Finance & Insurance | 0 comments
The First Investor QSCC (TFI) and Hines announced today the closing of a J.P. Morgan led bank syndicate to provide construction financing for the landmark mixed-use CityCenterDC (CCDC) project that is currently under construction in downtown Washington, D.C. The project is believed to be one of the largest downtown developments currently underway in the U.S. The J.P. Morgan led...
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The Banker awards QIB Islamic Bank of the Year 2013

The Banker awards QIB Islamic Bank of the Year 2013
Posted by on Jun 10, 2013 in Banking, Finance & Insurance | 0 comments
Qatar Islamic Bank (QIB) –Qatar’s leading Islamic financial institution – has just been awarded the title of “Islamic Bank of the Year, Qatar 2013” by The Banker magazine – the world’s longest running international banking title. The award is yet another accolade given to the Bank, based on performance and achievements the year prior to March 2013. This is the first year...
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QAPCO secured 1.1 billion Qatari Riyals banking facility by Barwa Bank

QAPCO secured 1.1 billion Qatari Riyals banking facility by Barwa Bank
Posted by on Jun 9, 2013 in Banking, Finance & Insurance, Energy, Oil & Gas | 0 comments
Qatar Petrochemical Company (QAPCO), one of the leading industrial companies in the State, is pleased to announce having secured a 1.1 billion Qatari Riyals facility from Barwa Bank, one of the fastest growing banks in Qatar, at very competitive terms.  Over the coming years, QAPCO is planning a significant unprecedented expansion in terms of volume and size of its business and...
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QNB hosts the Third Annual Auto Dealers Gala Dinner

QNB hosts the Third Annual Auto Dealers Gala Dinner
Posted by on Jun 9, 2013 in Banking, Finance & Insurance | 0 comments
QNB, the World’s Strongest Bank, held its third annual automobile dealer reception gala dinner at a Al Gassar Resort. This annual event reinforces QNB’s commitment to all automobile dealer partners in Qatar on being the partner of choice for vehicle financing and leasing. “Though last year QNB became the Largest Financial Institution in Qatar and the Middle East and North Africa,...
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Qatar Islamic Bank provides USD 100 million financing facility to Qatar First Bank

Qatar Islamic Bank provides USD 100 million financing facility to Qatar First Bank
Posted by on Jun 9, 2013 in Banking, Finance & Insurance | 0 comments
Qatar Islamic Bank (QIB), the leading Islamic bank in Qatar, has signed a USD 100 million Murabaha facility with Qatar First Bank (QFB), Qatar’s first independent Shari’ah compliant financial institution authorized by QFC Regulatory Authority. The facility, which will be used to support QFB’s growth plans, is a multiple Murabaha structured facility with a three year tenor...
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TFI and PMDC establish a joint venture focused on investing in compounds in KSA

TFI and PMDC establish a joint venture focused on investing in compounds in KSA
Posted by on Jun 8, 2013 in Banking, Finance & Insurance | 0 comments
The First Investor (TFI), the investment banking division of Barwa Bank Group (BBG) is pleased to announce the signing of a joint venture agreement with Project Management & Development Co. (PMDC), the first major initiative in the region that will invest in income-generating expatriate residential compounds in the Kingdom of Saudi Arabia. Mr. Saleh Bin Ladin, President of PMDC...
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US economy shows signs of slowing again according to the QNB Group

US economy shows signs of slowing again according to the QNB Group
Posted by on Jun 8, 2013 in Banking, Finance & Insurance | 0 comments
According to the QNB Group, the US economy may be slowing again, as higher taxes and lower government outlays lead to reduced consumer spending and manufacturing. Last Friday, the US Department of Commerce announced that consumer spending, which accounts for about 70% of US GDP, declined by 0.2% in April—the first such decline in nearly a year.  US Consumer Spending (% change,...
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