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The Peninsula
Doha: Sheikh Dr. Khalid bin Thani Al Thani, Second Deputy to the Chairman of the Qatari Businessmen Association, hosted a Spanish delegation headed by Minister for Foreign Affairs, European Union and Cooperation of the Kingdom of Spain H E Arancha Gonzalez Laya, during a dinner at the Sheikh s Resident in the presence of Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and Minister of State for Foreign Affairs, H E Sultan bin Saad Al Muraikhi.
The meeting was attended by Sheikh Faisal bin Qassim Al Thani, Chairman of the Qatari Businessmen Association, and Sheikh Khalifa bin Thani Al Thani, Chairman of Qatar Chamber. From QBA Board members Sheikh Nawaf bin Nasser Al Thani and Saud Al Mana attended the dinner, as well as Abdulbasit Al Shaibie, CEO of Qatar International Islamic Bank, Abdullatif Abdullah Almahmoud, CEO of Dar Al Sharq Group, as well as Sarah Abdulla, QBA Deputy General Manager.
Middle East: Lifting the restrictions with Qatar â What you need to know
The Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain and the rest of the Gulf Cooperation Council member states, along with Egypt, signed the Al-Ula Declaration at the 41st GCC Summit held in the city of Al-Ula. This marks the end of a three-and-a-half-year boycott against the State of Qatar. -
Signing of the “Al-Ula Declaration” ending trade and other restrictions against Qatar
As reported in our previous client update, on 5 January 2021, the Kingdom of Saudi Arabia, the United Arab Emirates (UAE), Bahrain and the rest of the Gulf Cooperation Council (GCC) member states, along with Egypt, signed the “Al-Ula Declaration” at the 41st GCC Summit held in the city of Al-Ula. This marks the end of a three-and-a-half-year boycott against the State of Qatar, which was put in place in June 2017. Although the formal text of the “Al-Ula Declaration” has not been made public, it is clea
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(Reuters) - Markets in the United Arab Emirates (UAE) finished higher on Wednesday, with Abu Dhabi index leading the advancements, buoyed by gains in the country’s largest lender First Abu Dhabi Bank.
FILE PHOTO: An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014.
The Abu Dhabi benchmark closed 1.4% higher, bouncing back from losses in the previous session.
FAB was the best performer on the Abu Dhabi index, putting on 2.5%, while real estate firm Aldar Properties added 3.5%.
The bank on Tuesday after-market hours said its underlying operating performance is expected to improve in 2021, driven mainly by a healthy pipeline of business from government and state-linked companies, and by its latest acquisition in Egypt.
19 Jan 2021 - 8:17
File photo used for representation only.
The Peninsula
Doha: The aggregated total assets of Qatar’s eight listed commercial banks on the Qatar Stock Exchange grew by 3.7 percent to QR1.69 trillion in the first nine months of 2020 (Q3 2020), according to PwC in its latest ‘2020 Qatar Banking Sector Report’.
The report added that the banks’ aggregated loans and advances to customers grew by 4.5 percent to reach QR1.17 trillion, showing a steady growth in 2020 despite the implications of the COVID-19 pandemic.
The eight listed commercial banks on the Qatar Stock Exchange are Ahli Bank, Commercial Bank of Qatar, Doha Bank, Khaliji Bank, Qatar International Bank, Qatar International Islamic Bank, Qatar National Bank, and Rayan.