tag

Saturday, December 06, 2025 | Daily Newspaper published by GPPC Doha, Qatar.

Tag Results for "US bank" (73 articles)

Gulf Times
Business

Commercial Bank successfully issues $600mn 5-year bond

Commercial Bank announced the successful issuance and pricing of a $600mn five-year senior unsecured bond under the Bank and its subsidiary, CBQ Finance Limited’s $5bn European Medium Term Note (EMTN) Programme. The issue was arranged and offered through a syndicate of Joint Lead Managers comprising Citibank, Barclays, ANZ, Mizuho, UniCredit, QNB Capital and Doha Bank. To support the issue, representatives from Commercial Bank embarked on a virtual road show with the Joint Lead Managers. During the virtual roadshow, they presented to financial institutions, pension funds, asset managers and supranational bodies, and held one-to-one and group meetings. Following the end of the Investor meetings, the transaction saw strong demand, with approximately $2bn order book (an oversubscription by approximately x 4) allowing Commercial Bank to tighten the final spread. The bond was issued at a spread of 100 basis points over mid-swaps, carries a coupon of 4.625% and has a final reoffer yield of 4.689% per annum.Commercial Bank achieved its lowest spread ever booked by robust international demand. Although the spread was tightened by 25 basis points the book remained strong reflecting strong investor appetite. The net proceeds of the issue will be used for general funding purposes to support the strategic growth plans of Commercial Bank. Very high-quality investors from the global community participated in this issue, with the majority of investors from the MENA (54%) and Europe (22%), followed by Asia (17%) and offshore US (7%). The investor base is diversified, including some of the world’s leading fixed income investors, with strong demand from fund managers, sovereign funds, banks and GCC institutions. Commenting on the successful issuance, Executive General Manager (Treasury and Investments) at Commercial Bank, Parvez Khan said: “We are delighted by the investor response to our issuance under the EMTN Programme. The market demand and attractive pricing is a clear indication of the continuing confidence of international investors in the economic strength of Qatar, and is testament to Commercial Bank’s strategy, financial strength and prudent management.” Commercial Bank was the first Qatari entity to establish an EMTN Programme with a listing on the London Stock Exchange, and the first Qatari bank to issue a bond in the international capital markets. The bonds are listed on the Irish Stock Exchange and are rated A by Fitch.

Gulf Times
Business

Qatar Central Bank Governor meets Chairman of Mizuho Financial Group 

His Excellency the Governor of the Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saoud al-Thani met Seiji Imai, Chairman of the Board of Directors of Mizuho Financial Group here today.During the meeting, they discussed the latest developments in global finance and investments.

Gulf Times
Business

Commercial Bank adopts ‘Career Day’ as annual initiative; signs employment offers with Qatari talents

Commercial Bank saw a remarkable turnout at ‘Career Day’, hosted in collaboration with the Ministry of Labour. Due to the success of the event, Commercial Bank will be hosting Career Day annually to continue opening doors for Qatari nationals and children of Qatari mothers to join the private sector.The event attracted large number of Qatari candidates, of whom 53% were invited for an on-site interview and 42% of the interviewees received job offers on the day.The Career Day welcomed students and young professionals alike and introduced attendees to career pathways in fields beyond banking and finance including economics, MIS, computer engineering, cybersecurity, data engineering, technology and law.The hiring process followed standard stages of registration and CV collection, HR screening, interviews with hiring managers, role assessments where required, reference and background checks, and final onboarding.Out of the interviewees, seven young Qataris including the children of Qatari mothers were invited to sign the accepted job offers in the presence of Mohammed Juma al-Kuwari, Assistant Director of the Department of National Manpower Recruitment Department.Qatarisation remains a strategic priority for Commercial Bank. The bank currently employs 38.1% Qatari nationals across multiple business units and has set annual targets to increase representation in specialist and leadership roles. As part of this commitment, Commercial Bank provides tailored internship and training programmes that equip young Qataris with practical skills and career development opportunities, ensuring their active participation across departments and strengthening the pipeline of future leaders.Speaking on the occasion, Khalifa al-Rayes, Executive General Manager and Chief Human Capital Officer of Commercial Bank, said: “We are delighted with the success of our recent Career Day held at Commercial Bank Plaza.This is just the beginning, CB Career Day will now become an annual initiative, reflecting our strong commitment to supporting Qatar’s workforce and building a sustainable talent pipeline in line with the Qatar National Vision 2030. Once again, we affirm at Commercial Bank our commitment to being at the forefront of financial institutions that open new horizons for Qatari talent.”By offering opportunities to explore careers and gain insight into the banking sector, the initiative reinforces Commercial Bank’s commitment to developing human capital and supporting Qatar’s long-term economic and social development objectives.

Gulf Times
Business

European stocks rise supported by banking sector

European stocks rose in early trading on Monday, supported by bank shares, as investors await a busy week of central bank meetings, including the Federal Reserve's (US central bank) meeting.The Stoxx 600 index rose 0.2 percent to 556.2 points, with the interest-sensitive banking sector leading gains, up 0.8 percent.Shares of French fuel retailer Rubis rose 6.7 percent, topping the Stoxx 600 index's gainers list. The company's value is estimated at approximately USD 3.5 billion.The French CAC 40 index rose 0.4 percent, with shares of local banks such as Societe Generale up 1.3 percent, while both BNP Paribas and Credit Agricole rose about 0.9 percent.

Gulf Times
Sport

QSL organises Doha Bank Stars League promotional event 

As part of the promotion of 2025-2026 Doha Bank Stars League and in celebration of Back To School season, the Qatar Stars League (QSL) organised a promotional event at Yarmouk Preparatory School for Boys Wednesday. Representatives from QSL, Yarmouk school administration and several club stars as well as students participated in the event. The event included many programmes and activities, and featured a showcase of upcoming Doha Bank Stars League matches. Attendees and students posed for photos with the league shield, expressing their happiness at participating in the event. Gifts were distributed to them. The event aligned with QSL’s commitment towards the community and interacting with all sections of the society, including school students, with the aim of encouraging them to attend stadiums and support their teams.

Gulf Times
Business

Doha Bank successfully prices $500mn EMTN at historic lows; issue oversubscribed four times

Doha Bank, which is rated Baa1/A, has successfully returned to the international bond market for the second time this year, issuing a $500mn Reg S bond with a 5.5-year tenor and a coupon rate of 4.5% a year. The issuance attracted “exceptional” demand, with the exceptional orderbook at $1.8bn, representing an oversubscription of nearly four times.This strong outcome reflects the resilience of Qatar’s economy, driven by the State of Qatar’s 2030 Vision for economic diversification, and the robust regulatory framework established by the Qatar Central Bank (QCB). These factors continue to strengthen the banking sector and reinforce international investor confidence in Qatar as a leading financial hub in the region.The transaction achieved the best credit spread ever for Doha Bank at 105 basis points over the 5-year US Treasury rate, tightening by 35 basis points from initial price thoughts.Investor participation was well-diversified, with 56% from the Middle East, 26% from Asia, 13% from the UK and Europe, and 5% from US offshore accounts. The issuance saw strong and wider investor demand, with first time investors from Europe and Asia participating in the deal.Doha Bank Group Chief Executive Officer Sheikh Abdulrahman bin Fahad bin Faisal al-Thani commented, “This successful issuance reflects the strong confidence of global investors in Qatar’s economy and the resilience of our banking sector. The attractive pricing and diversified investor base align with our strategy to strengthen our funding profile through international capital markets.”Doha Bank last accessed the market in March with a $500mn bond, later tapped to $775mn. The current issuance was executed under Doha Bank’s Euro Medium Term Note (EMTN) Programme, listed on the London Stock Exchange.

The two-day programme, held in Doha, brought together experts, business leaders, and entrepreneurs to strengthen the role of intellectual property in advancing innovation, competitiveness, and international expansion for Qatari enterprises.
Business

QRDI Council concludes WIPO Intellectual Property Management Clinic in Doha

The Qatar Research, Development and Innovation (QRDI) Council, in co-operation with the World Intellectual Property Organisation (WIPO), the Intellectual Property Protection Department at the Ministry of Commerce and Industry, Qatar Development Bank (QDB), and Qatar Science and Technology Park (QSTP), has "successfully concluded" the WIPO Intellectual Property Management Clinic: Leveraging IP for Business Growth and Globalisation.The two-day programme, held in Doha, brought together experts, business leaders, and entrepreneurs to strengthen the role of intellectual property (IP) in advancing innovation, competitiveness, and international expansion for Qatari enterprises.The opening session featured remarks from senior representatives of MoCI, QRDI Council, QSTP, QDB, and Guy Pessach, Director of the IP for Business Division at WIPO. The first day of the programme addressed the growing importance of intangible assets such as innovation, branding, and proprietary knowledge as key drivers of business growth.Participants gained insights into how patents, trademarks, copyrights, and trade secrets can be used strategically to capture value, while case studies from sectors including food and beverages and the creative industries demonstrated practical applications of IP for small and medium-sized enterprises (SMEs).Panel discussions explored the challenges and opportunities facing Qatari SMEs in protecting and managing their intellectual property both locally and internationally. Experts provided guidance on avoiding common pitfalls, developing effective IP strategies, and safeguarding digital assets in an increasingly online economy.The agenda also included interactive roundtables where participants developed preliminary IP roadmaps tailored to their businesses, ensuring alignment between IP decisions and long-term growth objectives.The second day saw selected companies take part in one-on-one deep-dive diagnosis and strategy sessions with WIPO experts and representatives from QRDI Council, MoCI, QDB, and QSTP.These private consultations enabled enterprises to refine their IP portfolios, align protection strategies with business goals, and explore monetisation opportunities through licensing, franchising, and partnerships.The successful completion of the Intellectual Property Management Clinic highlights QRDI Council’s ongoing commitment to building a strong innovation ecosystem in Qatar.By equipping local businesses with the tools to harness and protect their intellectual property, QRDI Council continues to drive national efforts to position Qatar as a regional and global hub for research, development, and innovation.

Fatih Karahan, governor of Turkiye's central bank, during an interview in Istanbul on Thursday. The breakdown of August’s inflation numbers and second-quarter growth showed that demand-driven price pressures are easing, Karahan said.
Business

Turkiye’s central bank governor upbeat on inflation as banks redraw rate path

Turkiye’s central bank Governor Fatih Karahan struck an optimistic note on the inflation outlook following worse-than-expected data and market turmoil, suggesting investors may have been too hasty in reducing their forecasts for interest-rate cuts.An unexpected court order against the main opposition party on Tuesday which triggered a broad selloff in Turkish assets was followed by the release of higher-than-expected August inflation data the next morning. The combination had Wall Street banks swiftly redrawing their predictions for a new rate-cutting cycle, anticipating a less severe reduction when policymakers meet on September 11.But in an interview with Bloomberg News on Thursday, Karahan said the breakdown of August’s inflation numbers and second-quarter growth showed that demand-driven price pressures are easing.“Though headline GDP growth was higher than forecasts, the components of the GDP data showed that demand conditions continue to support disinflation,” he said in Istanbul. While overall quarterly growth was an above-forecast 1.6%, Karahan highlighted that private consumption has come in negative for two consecutive quarters.Similarly, while August inflation which slowed to 33% from 33.5% the prior month was above expectations, Karahan emphasised the main indicators of the underlying trend offered “a healthier assessment.” Those show that price rises are continuing to ease, he said, while adding that the central bank is keeping a close eye on the impact of increases in rent and education on inflation expectations.The BIST-100 Index and banking stocks were slightly up on Friday morning at 10.22am. The lira was trading 0.2% lower against the US dollar at 41.25.The central bank reduced rates by more than anticipated in July, to 43% from 46%, the first cut in four months, and signalled at the time that more was to come.But a court order to remove the Istanbul administration of Turkiye’s main opposition Republican People’s Party, or CHP, unnerved investors. That ruling which precedes a number of other legal decisions related to the opposition coincided with the disappointing economic reports, causing Wall Street banks to predict a slower pace of interest-rate cuts.Asked whether the central bank’s views on inflation are influenced by the overall uncertainty, Karahan said: “We haven’t allowed for the deterioration of inflation expectations nor for demand to disrupt disinflation and we won’t allow it.” “We want to preserve the gains we’ve made in reserves, the current-account balance and other important areas like dollarisation,” he added.The central bank last month fine-tuned its guidance for inflation, maintaining a year-end target of 24% while at the same time issuing a projection of where it anticipates the figure to ultimately end up.That’s likely to be in the range of 25% to 29%, the bank said.The official targets will be used to “determine the tightness of monetary policy in the current and near-term period,” Karahan said.“Because monetary mechanism takes some time, in the short run estimates could diverge from the interim targets,” he said. “There might be times when monetary policy can’t immediately react. For example, these could include factors that fall outside the relative sphere of influence of monetary policy, developments that have emerged very recently relative to the control horizon, and situations where the impact on the inflation outlook is uncertain.”

Gulf Times
Business

QCB governor meets Global Finance & Technology Network Group CEO

HE the Governor of the Qatar Central Bank, Sheikh Bandar bin Mohammed bin Saoud al-Thani met Global Finance & Technology Network Group Chief Executive Officer Sopnendu Mohanty in Doha Thursday. During the meeting, they discussed the latest developments in global finance and investment.

A Palestinian boy fills a water bottle from a public water point, in Ramallah in the occupied West Bank.
Region

In the Israeli-occupied West Bank, Palestinian taps run dry

Palestinians say water shortages are due to settler attacks UN reports increase in settler vandalism of water infrastructure Israeli military acknowledges reports but no suspects identified Israeli agency COGAT blames Palestinian water theft Shortages force reliance on costly deliveriesPalestinians in the Israeli-occupied West Bank are facing severe water shortages that they say are being driven by increasing attacks on scarce water sources by extremist Jewish settlers.Across the West Bank in Palestinian communities, residents are reporting shortages that have left taps in homes dry and farms without irrigation.In Ramallah, one of the largest Palestinian cities in the West Bank and the administrative capital of the Palestinian Authority, residents facing water shortages are now relying on public taps."We only get water at home twice a week, so people are forced to come here," said Umm Ziad, as she filled empty plastic bottles with water alongside other Ramallah residents.The UN recorded 62 incidents of Jewish settlers vandalising water wells, pipelines, irrigation networks and other water-related infrastructure in the West Bank in the first six months of the year.The Israeli military acknowledged it has received multiple reports of Israeli civilians intentionally causing damage to water infrastructure but that no suspects had been identified.Among the targets have been a freshwater spring and a water distribution station in Ein Samiya, around 16km northeast of Ramallah, serving around 20 nearby Palestinian villages and some city neighbourhoods.Settlers have taken over the spring that many Palestinians have used for generations to cool off in the hot summer months.Palestinian public utility Jerusalem Water Undertaking said the Ein Samiya water distribution station had become a frequent target of settler vandalism."Settler violence has escalated dramatically," Abdullah Bairait, 60, a resident of nearby Kfar Malik, standing on a hilltop overlooking the spring."They enter the spring stations, break them, remove cameras, and cut off the water for hours," he said.The Ein Samiya spring and Kfar Malik village have been increasingly surrounded by Jewish Israeli settlements. The UN and most foreign governments consider settlements in the West Bank to be illegal under international law and an obstacle to the establishment of a future Palestinian state.According to the United Nations' humanitarian office, settlers carried out multiple attacks targeting water springs and vital water infrastructure in the Ramallah, Salfit and Nablus areas between June 1 and July 14. The Ein Samiya water spring had been repeatedly attacked, it said in a July report.Israeli security forces view any damage to infrastructure as a serious matter and were carrying out covert and overt actions to prevent further harm, the Israeli military said in response to Reuters questions for this story. It said the Palestinian Water Authority had been given access to carry out repairs.Kareem Jubran, director of field research at Israeli rights group B'Tselem, told Reuters that settlers had taken control over most natural springs in the West Bank in recent years and prevented Palestinians from accessing them.SETTLER VIOLENCEPalestinians have long faced a campaign of intimidation, harassment and physical violence by extremist settlers, who represent a minority of Jewish settlers living in the West Bank. Most live in settlements for financial or ideological reasons and do not advocate for violence against Palestinians.Palestinians say the frequency of settler violence in the West Bank has increased since the October 2023 Hamas storming of Israel.They say they fear the rise in settler violence is part of a campaign to drive them from the land. The UN has registered 925 such incidents in the first seven months of this year, a 16% year-on-year increase.Since the Hamas fighter attacks which sparked the war in Gaza, several Israeli politicians have advocated for Israel to annex the West Bank, which it has occupied since 1967.Reuters reported on Sunday that Israeli officials said the government is now considering annexing the territory after France and other Western nations said they would recognise a Palestinian state this month. The Palestinian Authority wants a future Palestinian state to encompass West Bank, East Jerusalem and the Gaza Strip.Palestinians in the West Bank have long struggled to access water. The Western-backed Palestinian Authority exercises limited civic rule in parts of the territory and relies on Israeli approvals to develop and expand water infrastructure. Palestinian officials and rights groups say that's rarely given.B'Tselem said in an April 2023 report that Palestinians were facing a chronic water crisis, while settlers have an abundance of water."The water shortage in the West Bank is the intentional outcome of Israel's deliberately discriminatory policy, which views water as another means for controlling the Palestinians," B'Tselem wrote in the report.COSTLY DELIVERIESAcross the West Bank, water tanks are common in Palestinian homes, storing rainwater or water delivered by trucks due to an already unreliable piped water network that has been exacerbated by the settler attacks.Cogat, the Israeli military agency that oversees policy in the West Bank and Gaza, said in response to Reuters questions the Palestinian Authority was responsible for supplying water to Palestinians in the West Bank. Israel transferred 90mn cubic metres of water to the Palestinian Authority each year, it said, blaming any shortages on water theft by Palestinians.Along with travelling long distances to collect water, Palestinians have become reliant on costly water deliveries to manage the chronic water crisis that they fear will only grow."If the settlers continue their attacks, we will have conflict on water," said Wafeeq Saleem, who was collecting water from a public tap outside Ramallah."Water is the most important thing for us."

Gulf Times
Sport

Qatari League: Al Sadd, Al Gharafa coaches stress importance of win in their clash

The Spanish coach Felix Sanchez of Al Sadd emphasized the significant importance of the upcoming match against Al Gharafa, scheduled for Thursday, in the marquee fixture of the third round of the Doha Bank Stars League.Speaking to the media ahead of their 2025-2026 season Doha Bank Stars League Week 3 match against Al Gharafa, Al Sadd coach Felix Sanchez said, "We expect a difficult match. Al Gharafa have started the season strongly, but we are confident of putting in a good performance on home turf and in front of our fans towards achieving a positive result."It's important for us to regain our balance after the first match. I think we performed well last week and showed improvement, and we want to continue building on that to compete at our best in front of our fans."It is important for us to win the last match before the FIFA international break. It's important to enter the break feeling positive. We certainly want to achieve another good result for the team."Al Gharafa coach Pedro Martins said, "Koeman's return to training will give the team greater options. The match will be exciting and difficult against the defending champions. We must focus defensively without compromising our style and identity. Calm and focus are our path to achieving our goals.""Your support makes the difference. We rely on you in difficult moments, and I trust your strong presence to support the players."

Gulf Times
Region

Syrian FM meets World Bank official for the Middle East

Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic Asaad Al Shaibani met on Wednesday with World Bank Division Director for the Middle East Department, Jean-Christophe Carret, who is visiting Damascus.The Syrian Arab News Agency (SANA) reported that the meeting discussed ways to enhance development and reconstruction cooperation between Syria and the World Bank.It is worth noting that the US Treasury Department ended its sanctions program on Syria, a strategic turning point in Damascus's economic and diplomatic relations and an opportunity to reintegrate Syria into the international financial system after long years of restrictions and economic isolation.