Tag Archives: Finance

Strong first quarter for QInvest

qinvest

Revenue increased by 36% to QAR 102 million (US$ 28 million) Net Profit increased by 34% to QAR 37 million (US$ 10 million) Doha – QInvest , Qatar’s leading private investment group and one of the world’s prominent Islamic financial institutions, today announces a strong start to the year, with an increase of 36% revenues for the first quarter to …

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Banking Leaders Herald “New Era” for Saudi Arabian Economy

Finance African Brains Wikimedia

First Day of Euromoney Saudi Arabia Conference Welcomes 1,600 financiers and investors from around the World; Ministers Outline Plans to Support Saudi Vision 2030 On-Stage Riyadh, Kingdom of Saudi Arabia – More than 1,600 leading financiers, investors and business people met in Riyadh today at The Euromoney Saudi Arabia Conference to hear from senior government ministers about Saudi Arabia’s strategy …

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Mashreq Qatar launches Biometric Banking

mashreq

Advanced fingerprint recognition technology introduced as part of enhanced suite of features offered on the Snapp mobile banking application. Doha – Continuing its legacy of innovation in digital banking, Mashreq, one of the leading financial institutions in the GCC, has announced the launch of biometric security for mobile banking in Qatar, allowing its customers to use their fingertips as password. …

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The Islamic Corporation for the Development of the Private Sector (ICD) signs MoU with Export-Import Bank of India to increase bilateral co-operation and explore the feasibility of extending a commercial line of credit

icd

A Memorandum of Understanding (MoU) was signed between the Islamic Corporation for the Development of the Private Sector (ICD) , the private sector arm of Islamic Development Bank (IDB) Group and Export-Import Bank of India (EXIM Bank), a specialized financial institution, established under an Act of the Indian Parliament, wholly owned by the Government of India with a mandate to …

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Bahrain Asset Managers Association to host roundtable on promoting Kingdom as international hub for SPVs

Finance African Brains Wikimedia

Key industry and economic players including CBB and EDB to take part Manama – The Bahrain Asset Managers Association (BAMA) today announced that it will host a high level panel discussion on the 29th March 2016 on “Special Purpose Vehicles (SPV) and Corporate Entities Component in Investment Banking & Asset Management”. The event is being held in cooperation with the …

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Arab-World Opportunities Presented in the Global Investment Spotlight at the Largest MENA Investment Conference Starting Today

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Defensive plays, dividend payers, and companies with strong cash flows, robust balance sheets and outstanding management teams offer opportunity amid volatile global markets as the Middle East and North Africa looks to a future less-dependent on oil. Dubai, UAE — EFG Hermes, the leading investment bank in the Arab world, has kicked off the EFG Hermes 12th annual One on …

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NBK awarded “Best Private Bank for 2016 in Kuwait”

nbk

Euromoney’s Annual Survey for industry experts worldwide. Khalife: the award reflects the constant confidence Private Banking customers vest in NBK. National Bank of Kuwait (NBK) has been awarded the “Best Private Bank for 2016” in Kuwait in Euromoney’s Annual Survey surpassing global banks in wealth management and private banking services. NBK topped the list of nominees, outmatching renowned international banks …

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Statement by the IMF Managing Director Christine Lagarde at the End of her Visit to the United Arab Emirates

IMF

Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), issued the following statement today at the conclusion of her visit to the United Arab Emirates (UAE): “I would like to express my gratitude to the UAE authorities and people for welcoming me during my visit to Abu Dhabi and Dubai. During my visit I met with His Highness …

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41% of Qataris aspire to be entrepreneurs, according to Oxford Strategic Consulting report

Finance African Brains Wikimedia

More than 1 in 4 Qataris (41%) ranked ‘running my own business’ as their ideal job role, according to Oxford Strategic Consulting’s latest Qatar Employment Report: Insights for 2016. Similar views of entrepreneurism as an ideal job role were reflected in Saudi Arabia (37%) and Oman (34%), however only 11% of Emiratis surveyed viewed ‘running my own business’ as an …

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AsiaHawala Launches Mobile Money Services

Finance African Brains Wikimedia

Sulaymanya, Kurdistan, Iraq: – AsiaHawala is the first Mobile money service provider to launch in Iraq licensed by Central Bank of Iraq, will offer mobile money services through mobile and exclusively working with Asiacell . This new service will allow Asiacell customers in Iraq to transact via Mobile Money .The service is offered on a mobile device, hence customers won’t …

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