Commercial Bank, Qatar’s first private bank, has announced the launch of a new account opening facility named as ‘CB Instant Account’, using the bank’s award-winning mobile
application.
New customers wishing to bank with Commercial Bank can simply download the bank’s mobile application, ‘CBQ Mobile’ and provide all details and required information electronically, without the need to visit any branch.
CB Instant Account offers potential customers a simple, convenient,"...

Commercial Bank (CB) has reached a new milestone in providing highly secure banking, by being awarded the Payment Card Data Security Standard (PCI DSS) certificate. This makes Commercial Bank a leader in obtaining the PCI DSS certification in Qatar in 2020.
The PCI-DSS certification is a world-class independent certification which attests to CBQ’s commitment in providing a safe and secure banking environment for all customers.
As CB continues to be an innovator and leader offering new payment card products"...

The fallout from the global spread of COVID-19 produced tremendous stress in commodity markets, Qatar National Bank (QNB) said in its weekly commentary.
The negative demand shock from the pandemic triggered deflationary pressures that rapidly pushed commodity prices to multi-decade lows, it said.
In its commentary issued on Saturday, QNB explained that the Goldman Sachs Commodity Index (GSCI Index), a leading benchmark for general commodity price movements, which accounts for commodity index points since the 1970s,"...

Doha Bank’s newly set-up Private Banking division has joined hands with the Bank of Singapore to offer wealth management solutions to people in Qatar, Slim Bouker, the head of Private Banking, has said.
“We, at Doha Private Banking, fully understand the importance of wealth preservation, steady asset creation and tailoring investment solutions to suit the needs and the risk appetite of our clients. And for that, we selected the Bank of Singapore, Asia’s Global Private Bank, to be our trusted partner,”"...

In recognition of its leading innovative digital services in the region, Commercial Bank has got The Banker Award for ‘Innovation in Digital Banking in the Middle East’ for 2020.
The Banker’s ‘Innovation in Digital Banking’ award recognises the bank’s excellence and innovation in financial technology, as it looks for digital initiatives led by banks that demonstrate innovation and transformation.
Commercial Bank has taken a radical transformation path through which it aims to"...

QNB Financial Services (QNBFS) has announced that it maintains its market perform rating on Industries Qatar (IQ) with price target of QR10 as the company’s balance sheet continues to remain solid with QR11.3bn in cash, bank balances and zero debt.
The company generated operating cash flow of QR1.7 billion and the free cash flow of QR1.5 billion in the first half of 2020 that highlights its operational efficiency and ability to generate significant positive cash flows despite challenging conditions, QNBFS said"...

The Euro area is now on track to outperform the US in the second half of 2020, thanks to its control over the virus through lockdown measures like social distancing and widespread face mask wearing, Qatar National Bank (QNB) said in its weekly commentary released on Saturday.
The report added that these measures helped bring down the number of new cases despite a continued reopening of the economy. It warned however that a second wave remains a risk, “but our analysis suggests that Europe is well placed to continue"...

Doha: Ahli Bank (Ahlibank), a leading Qatari-owned financial institution, and Al Meera Consumer Goods Company, Qatar’s leading national retailer, have announced a new partnership under Ahlibank’s Credit Card Pearl Rewards Programme.

Under this partnership, Ahlibank credit cardholders will be able to redeem Pearl Reward Points for Meera Rewards, Al Meera’s loyalty programme, which will allow customers to use Meera Rewards Points"...

Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorised by the QFC Regulatory Authority (QFCRA) and a listed entity in the Qatar Stock Exchange, on Monday announced that the bank reduced its net loss by 35 percent to QR202 million for the first half of 2020 compared with a net loss of QR310 million for the same period last year.
Net loss was incurred mainly due to COVID-19 impact on the performance of the bank’s assets. QFB continued implementing a cost rationalisation initiative"...

Khalij Commercial Bank (al khaliji) on Saturday announced that it has introduced an ‘Investor Relations’ application. This useful tool provides convenient, real time share performance and related information for investors. The application is available for download from Apple store (IOS) and Google Play (Android).
Available in both Arabic and English, the application features key information about the company, financial reports, IR presentations, Corporate Governance reports, financial calendar, annual and"...