banking Archives

2 min

Swiss court launches criminal proceedings in Credit Suisse’s ‘dirty money’ data leak

Some of the accounts included one belonging to a Yemeni spy chief implicated in torture, a Serbian drug lord, and the sons of ousted Egyptian president Hosni Mubarak. Swiss federal…

2 min

Experts tackle debt capital, sustainable financing at Qatar Financial Forum

The specialised sustainable finance market, which Qatar is set to establish, is anticipated to reach a value of more than $22 trillion globally by 2031. Experts from around the world…

2 min

Qatar becomes Credit Suisse’s second-largest shareholder after pumping up stakes: reports

The Qatari sovereign wealth fund began investing in Credit Suisse during the 2007-2008 global financial crisis. Qatar Investment Authority (QIA) became Credit Suisse’s second-largest shareholder after doubling its stakes, reaching…

2 min

QNB’s new technology to allow ‘instant’ international transactions

QNB and Ripple’s latest partnership means international transactions will be completed within seconds. QNB has announced the launch of a remittance service developed in partnership with Ripple, a well-known blockchain-based…

2 min

Qatar and other central banks in GCC raise interest rates

Qatar’s inflation rate has risen sharply in recent years, owing to the challenges posed by the ongoing global Covid-19 pandemic. The Central Bank of Qatar (QCB) said that its deposit and…

2 min

QNB asks US court to order Eritrea to pay $300 million debt

Officials at the Eritrean embassy in London locked one of the Qatari bank’s lawyers in the building to hinder the delivery of court documents in 2018. Qatar National Bank QPSC…

2 min

Business

Dukhan Bank sells $500 million in Islamic bonds

Qatar’s Dukhan Bank debt sale comes at a time when regional banks have looked to strengthen their primary funding sources. Qatar’s Dukhan Bank has sold $500 million in Additional Tier…

2 min

Ahli Bank eyes debt sale to raise $500 million

The Qatar-based bank is seeking to raise $500 million in a bonds sale as Gulf economies face the repercussions of the Covid-19 pandemic. Qatar’s Ahli Bank is seeking to raise…

2 min

QIA trims Credit Suisse stakes following scandals

The reduction in stakes now means that the Qatar Investment Authority may no longer be Credit Suisse’s largest stakeholder. The Qatar Investment Authority (QIA) has trimmed its stake in Swiss…

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