Ahead of the third and upcoming edition of the widely appreciated “Buy Local Products” exhibition, Qatar Development Bank (QDB) and Kahramaa (Qatar General Electricity and Water Corporation) yesterday signed a memorandum of understanding (MoU) expressing their commitment to lend special support to local companies in Qatar.

The joint agreement between the two Qatari organisations complements the core directive of the Emir HH Sheikh Tamim bin Hamad Al Thani for local institutions"...

Malaysia Building Society Bhd (MBSB) is poised to turn into a full-fledged Islamic bank, having received the Finance Minister’s green light to acquire the entire interest in Qatar Islamic Bank’s subsidiary Asian Finance Bank Bhd.

It appears to be third time lucky, following the aborted proposed three-way merger with CIMB Group Holdings"...

Credit Suisse's largest shareholder, Qatar, has lowered its stake. The oil-rich emirate's purchasing rights in the Swiss bank have also fallen following a cap hike.

Qatar's sovereign wealth fund has been the Zurich-based bank's biggest shareholder since the financial crisis of 2008-09. Then, the cash-rich emirate helped Credit Suisse avert a state bailout by injecting billions in capital into the bank.

The"...

Commercial Bank’s summer campaign rewarding customers for using their credit and debit cards on international purchases is running until September 30, 2017.
All Commercial Bank customers using their credit card for international purchases will earn double reward points that can be redeemed easily by visiting the bank’s online rewards portal. With Commercial Bank rewards, customers can choose from a wide array of redemption options, including, but not limited to, flights and variety of gift vouchers.
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Qatar Development Bank (QDB) is working on a prototype of a new product to support environment-friendly houses in Qatar that encourages home farming, CEO Abdulaziz bin Nasser al-Khalifa revealed yesterday.
The concept could be implemented mainly through hydroponics and greenhouses. A list of companies would be given to the willing house owners to supply them with the necessary equipment and assistance while the bank would provide the required funding.
Speaking at a panel discussion at the 2nd Forum for Creativity"...

Barwa Bank has announced the names of the most recent round of draw winners for Thara’a, its Shariah-compliant savings account, in a ceremony held at the bank’s headquarters. Salahuldeen Mostafa, Jamal Abdu A H al-Ammari, Sheikh Ahmad Nooh A H al-Thani, and Fatema Saad E A al-Mannai, each won a cash prize of QR10,000.
Also, a cash prize worth QR5,000 was awarded to Khulood Esmaeil Mahmoudi, Abdelkareem Dergam, Sanad Salah H M Abukheraiba, Alanoud Mesaad A D al-Harbi, Aisha Erhama A S al-Kuwari, Hessa Sulaiman"...

After witnessing a slowdown in the first quarter (Q1, 2017), Qatar’s real estate market appears to be on the recovery path. Qatar Central Bank’s (QCB) latest data on real estate reflects a notable market turnaround in June. QCB’s real estate price index hit 280.90 points in June 2017, a month-on-month growth of 2.01 percent compared to the lowest point for the year in May, which registered 275.35 points.
The June 2017 numbers moved up by 2.79 points from the previous quarter, reflecting a Q-o-Q growth"...

BAI announced the finalists for the BAI Global Innovation Awards, a prestigious awards program celebrating innovation in the financial services industry. Winners will be announced at BAI Beacon in Atlanta on October 4-5.

The BAI Global Innovation Awards recognizes industry leaders changing the industry and positively impacting profitability, efficiency and customer experience. Since 2011, BAI’s Global Innovation Awards has grown from two to"...

(ME NewsWire)-- Andersen Global announces a presence in Rio de Janeiro, Brazil by way of a Collaboration Agreement with Branco Consultores, a tax and legal firm. The addition of Branco Consultores demonstrates Andersen’s growing presence in Latin America. Andersen Global has an existing presence in São Paulo and Campinas through Andersen Tax in Brazil, a member firm that joined in August of 2015.

The"...