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Top Qatar banks to raise foreign ownership limitsCommercial Bank of Qatar (CBQ) and Qatar Islamic Bank (QIB) have asked Qatar Exchange to increase the number of their shares available to foreign investors to 25 percent of their market capitalisation, the exchange said on Wednesday. More… |
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Qatar Islamic rules out 2013 sukuk issuesQatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender by assets, is not expecting to issue more Islamic bonds before 2014, its chief executive said on Wednesday. "I don't think it will be needed; More… |
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QIB plans 5-year benchmark sukuk; pricing this weekQatar Islamic Bank (QIB), the Gulf state's largest sharia-compliant lender, is planning to issue a five-year benchmark-sized Islamic bond, or sukuk, this week, arranging banks said on Tuesday. Price guidance for the dollar-den More… |
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Qatar Islamic Bank Q4 earnings slip 33pcQatar Islamic Bank (QIB), the country's second largest lender by market value, posted a 32.6 percent dip in fourth-quarter net profit on Wednesday, missing analysts' forecasts. QIB made a net profit of 265 million riyals ($72.8 million), a More… |
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QIB unveils funds scheme for small firmsQatar Islamic Bank (QIB), the largest Islamic bank in Qatar, has launched a new banking programme for micro-enterprises. The programme aims to provide innovative finance solutions that cater to the needs of smaller start-ups and to empower More… |
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Qatar out of Bank Muamalat stake sale say sourcesAttempts by Gulf shareholders to sell a majority stake sale in Indonesian Islamic lender PT Bank Muamalat have hit a snag after frontrunner Qatar Islamic Bank pulled out of the bidding process, sources said. Top shareholders of Indonesia's More… |
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Doha Festival City work to start next monthConstruction for the state-of-the-art Dh6 billion ($1.633 billion) Doha Festival City will begin next month following the appointment of the project’s managers, architects and engineers. The 433,847 sq m entertainment, retail, hospitality More… |
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QIB eyes Islamic units of conventional banksQatar Islamic Bank (QIB) may snap up the Islamic banking assets of conventional lenders in Qatar, who are facing a central bank order to shut their Islamic operations, a top executive said on Tuesday. Qatar's central bank this week told co More… |
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QIB Q4 net profit jumps to $108mQatar Islamic Bank (QIB) posted a 22.5 percent jump in fourth-quarter profit on Wednesday, according to Reuters calculations, beating analysts' average expectations. Qatar's second-largest lender by market value ear More… |
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QIB unit eyes UK mid-cap lending spreeThe UK unit of Qatar Islamic Bank (QIB) has unveiled a new lending strategy targeting small to medium-sized British companies with limited access to conventional sources of credit, the company said. "We are seeing quite a big opportunity i More… |
