banking Archives

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’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

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…

1 min

Resilient profits for Qatari banks in 2021 despite pandemic pressures

Capital buffers remained strong, supported by solid earnings Qatari banks total operating profit rose by 4% to QR 43.9 billion in 2020, up from QR 42.1 billion in 2019 that…

3 min

Qatar’s major banks set for wearable payment technology

With the ongoing pandemic destroying the global economy, a new era of cashless digital payment emerges. Qatar’s largest financial institutions have accelerated the adoption of new technology for payments, seeking…

1 min

UBS pushes expansion into the Middle East with new Qatar office

The investment bank is looking into breaking into Qatar, the country with the highest GDP per capita. UBS Group AG is tapping into the Qatari market to add investment banking…

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