tag

Wednesday, May 13, 2026 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "bank" (204 articles)

Gulf Times
Business

Ahli Bank issues QAR 500 million bonds

Ahli Bank (a Qatari public shareholding company) successfully issued QAR 500 million in debt securities to international and local investors through ABQ Finance limited company (a special-purpose company) owned fully by Ahli bank.In a statement published on the Qatar Stock Exchange (QSE) website, the bank explained that the issuance is part of its USD 2 billion Medium-Term Note (MTN) program.

Gulf Times
Region

Israeli occupation arrests 25 Palestinians in West Bank

The Israeli occupation forces (IOF) launched widespread arrests, raids and violent house searches on Thursday in the West Bank, arresting 25 Palestinians.Palestinian news agency (WAFA) reported that the IOF arrested 18 Palestinians in the city of Dura during their raid on southern Al-Khalil, four others in the villages of Beita and Qaryout, south of Nablus, and three young Palestinians in the town of Deir Al-Ghusun, north of Tulkarm.In the same context, the IOF demolished a park in the town of Al-Qubayba, northwest of Occupied Jerusalem (Al-Quds).These arrests come as part of the escalating policy pursued by the Israeli occupation in the West Bank, which aims to terrify Palestinians, restrict their movement, and persecute activists and released prisoners.

A Palestinian woman carries a baby as she walks near makeshift shelter close to the Nuseirat refugee camp in the central Gaza Strip, Sunday.
International

World Bank backs draft UN resolution on Gaza

The World Bank backs language in a US-drafted United Nations Security Council resolution on Gaza that would authorise a two-year mandate for a transitional governance body.The 15-member UN Security Council began negotiations on Thursday on the text that would mandate a so-called Board of Peace transitional governance administration, giving it the authority to establish operational entities to address issues including the reconstruction of Gaza and of economic recovery programmes.The World Bank, the UN and the European Union had estimated in February it would cost more than $50bn to rebuild Gaza, and are finalising a new interim estimate of $70bn."Our engagement in Gaza will require the ability to work with international partners who enjoy the full support of the international community and full authorisation to undertake their efforts," World Bank President Ajay Banga wrote to US Ambassador to the UN Mike Waltz."The proposal to establish an authority, in the current draft the Board of Peace, by the UN Security Council with the authorisations set out in the resolution would provide the needed framework for engagement by the Bank," he said in the letter Sunday.Banga was responding to correspondence from Waltz, thanking him for sharing the draft UN resolution.The current text also "calls upon the World Bank and other financial institutions to facilitate and provide financial resources to support the reconstruction and development of Gaza as it would provide to its members, including through the establishment of a dedicated trust fund for this purpose and governed by donors."Banga said the bank appreciated this language, adding: "We are moving with all deliberate speed in these efforts so we will be ready on day one when asked to answer this call."Israel and Palestinian group Hamas agreed a month ago to the first phase of US President Donald Trump's 20-point plan for Gaza, a ceasefire in their two-year war and a hostage release deal. The next phase of the plan, which the draft UN resolution would endorse, is to establish the Board of Peace and a temporary International Stabilization Force in Gaza.The US formally circulated the draft resolution to Security Council members late on Wednesday.The draft would authorize a two-year mandate for the ISF that could "use all necessary measures" - language for force - to carry out its mandate.The US asked countries to submit feedback on the text by last Friday, said diplomats. A council resolution needs at least nine votes in favour and no vetoes by Russia, China, France, Britain or the United States to be adopted. Washington has said it aims to put the draft to a vote within "weeks, not months.""Overall, things are looking very positive. We're making changes to respond to concerns that some have raised," a U.S. official, speaking on condition of anonymity, said.

Gulf Times
Business

QIB secures 4 accolades at The Asset Triple A Islamic Finance Awards 2025

Qatar Islamic Bank (QIB) has been named ‘Islamic Bank of the Year in Qatar’, ‘Best Islamic Retail Bank in Qatar’, ‘Best Islamic SME Bank in Qatar’, and ‘Islamic Wealth Management of the Year in Qatar’, at The Asset Triple A Islamic Finance Awards 2025, underscoring its continued leadership across all banking segments.QIB was recognised as ‘Islamic Bank of the Year in Qatar’ for its strong financial performance, market leadership, and innovation. In the first nine months of 2025, the bank delivered a net profit of QR3.45bn in the nine months of 2025, representing a growth of 5.38% over the same period in 2024 and maintaining nearly half of the Islamic banking market share, underscoring its disciplined strategy and focus on sustainable growth.The bank was also awarded the ‘Best Islamic Retail Bank in Qatar’, reflecting its exceptional performance and commitment to customer service. Over the past year, QIB has made remarkable progress in enhancing its digital offerings, revolutionising both customer interactions and internal operations.The bank’s relentless focus on digitalisation has resulted in significant benefits for its diverse stakeholders. Over 83% of customers now bank digitally, and more than half of retail sales are completed via the award-winning QIB Mobile App. With over 320 integrated features, the app enables seamless onboarding, financing, card issuance, and lifestyle services, including the Marketplace and Auto Marketplace, Qatar’s first digital platforms offering customers services beyond traditional banking. Innovations such as the Click-to-Pay service and the Carbon Emission Tracker reflect QIB’s commitment to digital inclusion and climate-conscious banking.The accolade of ‘Best Islamic SME Bank in Qatar’ highlights QIB’s customer-centric approach and commitment to enabling Qatar’s small and medium-sized enterprises. Through a suite of tailored, Shariah-compliant digital solutions, including digital onboarding, Corporate Internet Banking, the QIB Corporate app, and co-branded credit cards with Ooredoo, QIB has simplified business banking. The bank also offers a comprehensive range of payment services such as POS terminals, Payment Gateway, and QIB SoftPOS, empowering SMEs to manage finances, improve liquidity, and scale sustainably.The ‘Islamic Wealth Management of the Year in Qatar’ highlights QIB’s ability to offer highly personalised, relationship-led services rooted in Islamic principles. Each customer benefits from a dedicated relationship manager who crafts tailored financial strategies aligned with personal goals and risk tolerance. The bank offers a full suite of services, including bespoke investment solutions, financing, estate planning, and exclusive access to premium investment opportunities.Bassel Gamal, QIB Group CEO, said: “We are pleased to receive these awards, which reflect our commitment to growth, innovation, and customer empowerment. Supported by our strong financial performance in the first nine months of 2025, these recognitions are a testament to the dedication of our team to deliver world-class Shariah-compliant solutions, the support of our board of directors, as well as the trust and loyalty of our customers.”Marking its 25th anniversary, the Asset Triple A Islamic Finance Awards is highly regarded within the financial sector as one of the most prestigious recognition programs, celebrating institutions that exemplify outstanding performance in Islamic banking.

Gulf Times
Business

Qatar's commercial banks' assets reach QR2.15tn in September: Qatar Central Bank

Qatar's commercial banks reported 6.2% year-on-year jump in total assets to QR2.15tn in September 2025, according to Qatar Central Bank data.Total domestic credit expanded by 5.5% year-on-year to QR1.36tn another end of September 2025, the central bank said in its social media handle X.Total domestic deposits were up 1.6% year-on-year to QR861.1bn in the review period.Broad money supply (M2) rose 1.6% year-on-year to QR749.2bn in September 2025.

Gulf Times
Business

QFC partners with Doha Bank to accelerate fintech growth in Qatar

The Qatar Financial Centre and Doha Bank have entered into a strategic partnership to accelerate fintech growth and innovation in the country.The QFC Authority (QFCA) signed a memorandum of understanding (MoU) with Doha Bank, marking a major step towards strengthening Qatar’s financial services landscape through strategic collaborations in fintech development and digital innovation.The MoU outlines a collaborative framework in three strategic areas as driving growth in Qatar’s fintech and digital asset ecosystem through joint research, prototype development, and the introduction of innovative financial solutions.It also outlines supporting fintech companies through technical guidance, facilitating secure banking relationships, and streamlining account opening processes; and establishing a programme for regular engagement, including quarterly meetings, joint workshops, and knowledge-sharing sessions, to explore new opportunities and ensure the continuous development of the ecosystem."This partnership with Doha Bank is a stride towards positioning Qatar as a leading hub for fintech and digital assets. Together, we will strengthen the foundations for innovation that enable fintech companies to grow with confidence and support the development of technological solutions that will define the future of financial services," said Yousuf Mohamed al-Jaida, chief executive officer, QFCA.Highlighting the importance of collaboration in advancing innovation, Sheikh Abdulrahman bin Fahad bin Faisal al- Thani, Group chief executive officer, Doha Bank, said, globally, the banking and financial industry is undergoing major transformations."This highlights the importance of collaboration at the institutional level to drive the development of innovative financial solutions in Qatar and keep pace with these ongoing changes. Our agreement today reflects our shared commitment to advancing financial technologies and innovation within an enabling, inclusive, and comprehensive ecosystem," he said.This collaboration signals a new chapter in financial innovation. As fintech and digital assets reshape global markets, the QFC and Doha Bank are laying the groundwork for creating solutions that will not only serve businesses today but also anticipate the needs of tomorrow’s economy.

Gulf Times
Region

Syria, World Bank review projects to develop land transport

Syrian Minister of Transport Yaarub Bader met with Manager of Transport Global Practice for the Middle East & North Africa at the World Bank, Ibrahim Dajani. During the meeting, they reviewed several vital projects for developing the infrastructure and rail transport sectors in Syria, efforts to rehabilitate urban roads and improve transportation, as well as a strategic plan to modernize and rehabilitate the railway network.Both sides emphasized that these projects are crucial for sustainable development and achieving economic integration among Syrian governorates.

Gulf Times
International

UN report reveals rising unemployment and deepening poverty in Palestine

The International Labour Organization (ILO) announced that the unemployment rate in the West Bank during the first quarter of 2025 reached 31.7% for men and 33.7% for women. In a report analyzing the impact of the two-year Israeli occupation's aggression on Gaza on the West Bank economy and labor market, the ILO noted a sharp deterioration in livelihoods, with rising unemployment rates, declining incomes, and worsening poverty among Palestinians in the occupied Palestinian territories.The report indicated that the war and its accompanying restrictions caused a 29% decline in the gross domestic product (GDP) in the occupied Palestinian territory as a whole between the first two quarters of 2023 and 2025, with the West Bank recording a 17.1% contraction.It revealed that the situation worsened during the second quarter of this 2025, with Israeli restrictions tightened across the West Bank. Living standards declined, with real per capita income in the West Bank declining by more than 20% compared to 2023.The ILO predicted a further deterioration in the labor market in the West Bank, with the overall unemployment rate expected to reach 38.5%, affecting more than 363,000 Palestinians. It added that the West Bank recorded modest growth of 9.9% in the first quarter of 2025 compared to the same period in 2024, but output remains well below pre-war levels.

As United Arab Bank (UAB) marks its 50th anniversary, Commercial Bank extended its heartfelt congratulations and joined the celebration at the gala dinner in the Museum of The Future, UAE. Key attendees included Sheikh Abdulla bin Ali bin Jabor al-Thani, Chairman of Commercial Bank and Director as well as Member of the Board Risk and Compliance Committee at UAB; Omar Hussain Ibrahim Alfardan, Vice-Chairman and Managing Director of Commercial Bank and Vice-Chairman, Chairman of the Board Governance & Renumeration Committee of UAB; Stephen Moss, Group CEO of Commercial Bank, Director, Member of the  Board Credit Committee, Member of the Board Audit Committee, Member of the Board Governance and Remuneration Committee at UAB; Fahad Badar, Executive General Manager, Chief Wholesale and International Banking Officer of Commercial Bank as well as Director and Member of Board Credit Committee and Member of Board Risk and Compliance Committee at UAB.
Business

Commercial Bank celebrates UAB's 50th anniversary

As United Arab Bank (UAB) marks its 50th anniversary, Commercial Bank extended its heartfelt congratulations and joined the celebration at the gala dinner in the Museum of The Future, UAE.Key attendees included Sheikh Abdulla bin Ali bin Jabor al-Thani, Chairman of Commercial Bank and Director as well as Member of the Board Risk and Compliance Committee at UAB; Omar Hussain Ibrahim Alfardan, Vice-Chairman and Managing Director of Commercial Bank and Vice-Chairman, Chairman of the Board Governance & Renumeration Committee of UAB; Stephen Moss, Group CEO of Commercial Bank, Director, Member of the Board Credit Committee, Member of the Board Audit Committee, Member of the Board Governance and Remuneration Committee at UAB; Fahad Badar, Executive General Manager, Chief Wholesale and International Banking Officer of Commercial Bank as well as Director and Member of Board Credit Committee and Member of Board Risk and Compliance Committee at UAB.Since its establishment in 1975, UAB has played a central role in shaping UAE’s banking sector, offering world-class corporate and retail services. In 2007, Commercial Bank became a strategic partner with the acquisition of a 40% stake, marking the first partnership between Qatar and the UAE.Over the years, UAB has expanded its presence and continued to elevate customer experience. This partnership stands as a testament to how regional collaboration can drive progress, inspire excellence, and set new benchmarks across the Gulf.“When institutions share a mutual ambition, they have the power to advance the financial industry and shape a stronger regional future. This is how great achievements are built, and more importantly, sustained. At Commercial Bank, we value partnerships founded on collaboration and trust. For decades, United Arab Bank has demonstrated a commitment that aligns closely with ours.“Today, as it marks 50 years of achievement and leadership in the UAE, we celebrate its inspiring journey and enduring legacy,” said Sheikh Abdulla bin Ali bin Jabor al-Thani.Through this long-term partnership, Commercial Bank looks ahead with confidence as it continues to support UAB’s growth and advancing collaboration across the region’s financial landscape.

Gulf Times
Region

OIC condemns Knesset's approval of two bills aimed at annexing West Bank

The General Secretariat of the Organization of Islamic Cooperation (OIC) denounced the Israeli Knesset's approval of legislation aimed at annexing the occupied West Bank and imposing alleged Israeli sovereignty over it.An OIC statement on Thursday said that this legislative action, coupled with another law formalizing a settlement, represents a blatant infringement of international law, pertinent United Nations resolutions, the Advisory Opinion of the International Court of Justice (ICJ), and the New York Declaration on the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution.Furthermore, the OIC applauded the ICJ's Advisory Opinion, which unequivocally reiterated Israel's legal and humanitarian obligations under international law. The court's opinion emphasized the necessity for unimpeded humanitarian operations spearheaded by the United Nations and its associated bodies, particularly the United Nations Relief and Works Agency (UNRWA), while also highlighting the accountability mechanisms for those perpetrating attacks against humanitarian personnel and infrastructure.The OIC asserted that the occupied Palestinian territory, which encompasses the Gaza Strip and the West Bank — including east Jerusalem, constitutes a singular geographical entity. Consequently, any claims of Israeli sovereignty over these areas are devoid of legal standing and are categorically null and void according to international law.The OIC called upon the international community, specifically the United Nations Security Council, to fulfill its obligations and take immediate and decisive action to curb these violations and transgressions. Such actions not only jeopardise the viability of a two-state solution but also threaten broader international efforts to foster justice, stability, and peace in the region.

Commercial Bank has participated in the 2025 annual meetings of the International Monetary Fund and the Institute of International Finance in Washington, DC.
Business

Commercial Bank joins key 2025 Annual Meetings of IMF and IIF in Washington, DC

Aiming to acquire global insights, play a role in policy discussions, and strengthen its international credibility, Commercial Bank has participated in the 2025 annual meetings of the International Monetary Fund (IMF) and the Institute of International Finance (IIF) in Washington, DC.The reception, hosted by the Qatari Banks on October 15 was attended by HE the Minister of Finance, Ali bin Ahmed al-Kuwari; HE the Governor of Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saoud al-Thani; as well as Board members, CEOs and senior executives of Qatari banks.Commercial Bank was represented at these meetings by Board Member, Mohamad Ismail Mandani al-Emadi; Group CEO, Stephen Moss; Executive General Manager and Chief Marketing Officer, Eiman al-Naemi; Executive General Manager, Chief Wholesale and International Banking Officer, Fahad Badar; Executive General Manager, Treasury and Investments, Parvez Khan; and Senior AGM and Head of ALM, Omran al-Sherawi.Throughout these meetings, Commercial Bank explored new business opportunities and strengthened relationships with leading banks across the region and globally, showcasing its leadership in digital innovation.Moss noted: “The innovative solutions we introduce and steps we take to support the growth of Qatar’s financial sector are further strengthened by the knowledge and connections we gain at the annual IMF and IIF meetings. These gatherings give us access to best practices and insights that we bring back home to Qatar and implement in the best way possible.”

Gulf Times
Business

Muscat Stock Exchange records 26.2% surge in weekly trading value

The Muscat Stock Exchange recorded its highest weekly trading volume of the year last week, driven by increased activity in bank stocks and other leading companies, as most public joint-stock companies concluded the release of their preliminary Q3 financial results. Trading value rose to OMR 240.9 million, up from OMR 190.8 million the previous week, marking a 26.2 percent increase. The number of executed transactions also climbed from 19,529 to 25,171. The main index gained 40 points to close at 5,289, while the financial sector index rose by 169 points to 8,923. The industrial sector index added 32 points, and the services sector index increased by 4 points. Meanwhile, the Sharia index declined by 4 points to close at 461. According to trading data released by the Muscat Stock Exchange, the total market capitalization of listed securities fell to OMR 30.596 billion, reflecting weekly losses of OMR 108.5 million, impacted by a drop in the market value of bonds and sukuk, which fell below the OMR 5 billion threshold.During the week, prices rose for 38 securities, while 30 declined and another 30 remained unchanged.