Company Insights Qatar Central Bank Banking & Finance Qatar Central Bank News Banking & Finance Qatar National Bank’s Q1 2023 profit up 7% to $1.1bn Qatar National Bank (QNB), the largest lender by assets in the GCC, said that its first-quarter 2023 profit rose seven percent year-on-year on growth across a range of revenue sources despite turbulence in global markets. Net profit for the three months ended March 31, 2023, climbed to QAR3.9 billion ($1.1 billion), up from QAR3.6 billion […] April 11, 2023 Transport Qatar vetoes Uber’s $3.1bn Careem deal Qatar’s competition authority has vetoed Uber’s $3.1 billion acquisition of Middle East rival Careem, four years after it was announced. Careem confirmed this week it had ceased operations in the Gulf state from February 28, despite the company expanding its fleet of branded cars to help transport fans to and from football matches during last […] March 2, 2023 Analysis Banking & Finance Central banks go digital, bit by bit The turmoil in cryptocurrency markets this year has been a wake-up call to investors and regulators, prompting questions about how viable many digital currencies really are. According to CoinMarketCap, the total value of cryptocurrencies has slumped from almost $3 trillion in November 2021 to less than $1 trillion in September this year. But not all […] September 14, 2022 Banking & Finance Qatar gold reserves at record high after July price dip Qatar was the world’s largest buyer of gold in July, pushing its reserves to record a high, as central banks around the world took advantage of lower prices and the precious metal’s reputation as a safe haven during turbulent economic times. The World Gold Council (WGC) described central bank demand for gold in July as […] September 7, 2022 Banking & Finance Qatar Central Bank issues first licence for digital payments Qatar Central Bank has issued the first digital payment services licence to Ooredoo Money and iPay by Vodafone Qatar, the bank said in a tweet. This is an initial step to including all companies providing digital payment services under the central bank’s supervision. Last week, the bank launched the mobile payment service Google Pay, reiterating […] August 31, 2022 Posts navigation Previous 1 2
Banking & Finance Qatar National Bank’s Q1 2023 profit up 7% to $1.1bn Qatar National Bank (QNB), the largest lender by assets in the GCC, said that its first-quarter 2023 profit rose seven percent year-on-year on growth across a range of revenue sources despite turbulence in global markets. Net profit for the three months ended March 31, 2023, climbed to QAR3.9 billion ($1.1 billion), up from QAR3.6 billion […] April 11, 2023
Transport Qatar vetoes Uber’s $3.1bn Careem deal Qatar’s competition authority has vetoed Uber’s $3.1 billion acquisition of Middle East rival Careem, four years after it was announced. Careem confirmed this week it had ceased operations in the Gulf state from February 28, despite the company expanding its fleet of branded cars to help transport fans to and from football matches during last […] March 2, 2023
Analysis Banking & Finance Central banks go digital, bit by bit The turmoil in cryptocurrency markets this year has been a wake-up call to investors and regulators, prompting questions about how viable many digital currencies really are. According to CoinMarketCap, the total value of cryptocurrencies has slumped from almost $3 trillion in November 2021 to less than $1 trillion in September this year. But not all […] September 14, 2022
Banking & Finance Qatar gold reserves at record high after July price dip Qatar was the world’s largest buyer of gold in July, pushing its reserves to record a high, as central banks around the world took advantage of lower prices and the precious metal’s reputation as a safe haven during turbulent economic times. The World Gold Council (WGC) described central bank demand for gold in July as […] September 7, 2022
Banking & Finance Qatar Central Bank issues first licence for digital payments Qatar Central Bank has issued the first digital payment services licence to Ooredoo Money and iPay by Vodafone Qatar, the bank said in a tweet. This is an initial step to including all companies providing digital payment services under the central bank’s supervision. Last week, the bank launched the mobile payment service Google Pay, reiterating […] August 31, 2022
