Gulf Times - Qatar-Central-Bank
New law bolsters Qatar's role in combating money laundering, terror funding

New law bolsters Qatar's role in combating money laundering, terror funding

His Highness the Amir Sheikh Tamim bin Hamad al-Thani on Wednesday issued Law No. 20 of 2019 to issue a law on combating money laundering and terrorism financing.

Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB

Banking sector to benefit from surplus fiscal balance, higher outlay on major projects: QCB

Qatar’s surplus fiscal balance and increasing government expenditure on major projects may boost public and private sector investment and credit demand from the banking sector, according to the Qatar Central Bank.

QDB total assets rise to QR11bn in 2018 on credit growth: Qatar Central Bank

QDB total assets rise to QR11bn in 2018 on credit growth: Qatar Central Bank

Driven by a growth in credit facilities, State-owned Qatar Development Bank’s (QDB) total assets exceeded QR11bn last year compared to QR10.2bn in 2017.

Qatar can adopt Basel IV guidelines quickly: KPMG

Qatar can adopt Basel IV guidelines quickly: KPMG

Qatar has already adopted and implemented the Basel III framework ahead of some of its GCC peers and can adopt the revised guidelines quickly, KPMG has said in a report.

Islamic banks in Qatar post 8.5% profit growth in 2018: QCB governor

Islamic banks in Qatar post 8.5% profit growth in 2018: QCB governor

HE the Governor of Qatar Central Bank (QCB) Sheikh Abdulla bin Saoud al-Thani said Islamic finance plays a vital role within the financial and banking sector in the State of Qatar.

QCB's foreign exchange reserves rise to $52.7bn in May: QNB

QCB's foreign exchange reserves rise to $52.7bn in May: QNB

Qatar Central Bank’s foreign exchange (FX) reserves have risen to $52.7bn in May, QNB said in its latest ‘Qatar Monthly Monitor’.

Non-resident deposits in Qatar banks jump 35% in May: QCB

Non-resident deposits in Qatar banks jump 35% in May: QCB

Non-resident deposits within Qatar’s commercial banks witnessed a robust 35% year-on-year expansion in May 2019

Commercial banks’ total assets grow 6% to QR1.43tn at end-May: QCB

Commercial banks’ total assets grow 6% to QR1.43tn at end-May: QCB

Total assets of commercial banks in Qatar registered about 6% year-on-year increase to QR1.43tn at the end of May this year, according to the central bank figures.

QFC showcases opportunities available in Doha for Fintech firms on Qatar Day in London

QFC showcases opportunities available in Doha for Fintech firms on Qatar Day in London

The Qatar Financial Center (QFC) has showcased the country's Fintech strategy and the opportunities available for the UK and Qatar Fintech firms, apart from the growing scope for asset management firms in Doha.

Qatar, UK sign bilateral agreements on occasion of London's hosting of Qatar Day

Qatar, UK sign bilateral agreements on occasion of London's hosting of Qatar Day

Qatar and the United Kingdom have signed a number of bilateral agreements, including the Qatar Central Bank's donation agreement to the UK's King's College to establish a Qatar Centre for Global Banking & Finance within King's Business School.

QCB issues decision on services of supporting insurance providers

QCB issues decision on services of supporting insurance providers

HE the Governor of the Qatar Central Bank (QCB) Sheikh Abdullah bin Saud al-Thani issued Decision No 7 of 2019 on the instructions for licensing, organising and supervising the services of supporting insurance providers

QCB circulates court enforcement order freezing assets of non-QFC company

QCB circulates court enforcement order freezing assets of non-QFC company

The Qatar Central Bank circulated last Sunday an enforcement order issued by the Enforcement Judge of the Qatar International Court against a non-QFC registered company operating within the State of Qatar.