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.
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
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.
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
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
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,
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
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
Provisions made by Qatari banks rose 12.5 per cent in December compared with the previous month, while loans edged up slightly, the Gulf country's central bank data showed on Tuesday.
Total provisions reached QR5.9 billion ($1.62 billi
Qatari bank lending to the private sector rose 2.5 percent in March from February, central bank data showed on Tuesday, a signal the Gulf state's banks are getting bolder on new loans.
Total domestic credit of Qatari commercial banks r