Sunday 28 August 2016
 
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Qatar bank

QFB, Novus in deal to acquire two Boeing 737s

Qatar First Bank (QFB), a leading Shari’ah-compliant bank based in Qatar, has partnered with Novus Aviation Capital, one of the world's fastest growing aircraft leasing platforms, for an indirect acquisition and lease of two 2011 vinta

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Qatari bank completes key UK residential project

Qatar First Bank (QFB), a leading Shari’ah compliant lender, has announced the completion of 7-12 Leinster Square, a residential real estate development in Leinster Square – London W2. This is QFB’s second comple

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Saudi Arabia grants licence to first Qatari bank

The Saudi Council of Ministers granted a licence for Qatar National Bank to open a branch inside the kingdom, the official SPA news agency said on Monday, in what would be its first licence awarded to a Qatari lender. The announce

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Al Khaliji posts $41m profit for Q2

Qatar's Al Khaliji Bank has reported a net profit of QR149.6 million ($41.09 million) for the second quarter of this year, compared to QR159 million for the same period last year. However, the profit represented an increase of

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Qatar's Al Khaliji lifts foreign ownership cap

Qatar's Al Khaliji Commercial Bank said on Monday its shareholders had approved increasing its foreign ownership limit to 49 per cent, while its chief executive was quoted as saying it planned no public bond issues in 2014. Th

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Al khaliji 9-month profit rises 5.2pc

Doha-based bank Al Khaliji has registered a net profit of QR398.2 million ($109.2 million) for the first nine months, up 5.2 per cent when compared to QR378.5 million last year. Announcing the results, the Qatari lender said its n

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Qatar's Barwa plans to issue sukuk by 2013

Qatar's Barwa Bank plans to issue a sukuk by 2013 and is eyeing a share listing over the longer term, according to its chief executive. The Islamic lender, a unit of Barwa Real Estate, sees an issuance as helping smooth out maturities

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Al Khaliji nine-month profit up 22pc

Leading Qatari bank Al khaliji has recorded a net profit of QR359 million ($98.5 million) for the first nine months marking an increase of 22 per cent over the same period last year. Announcing the results after a board meeting,

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Libya rebels in breakthrough $100m oil deal

Libyan rebels have found a way to access badly needed cash, selling oil worth $100 million paid for through a Qatari bank in US dollars, a member of the rebels' oil and gas support group for Libya said on Monday. Rebels fighting Libyan

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QInvest buys stake in Indian expo firm

QInvest, a leading investment bank in Qatar, said it has acquired a 28 per cent stake in Asian Business Exhibition & Conferences (ABEC), a leading exhibitions and conferences organiser in India. A major player in the fast growing trade

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