THE COMPANY: Doha Bank (DHBK on the Qatar Exchange) is the country’s fifth-largest bank, with a 7.5% market share based on 2011 assets. The lender offers conventional banking services and provides credit card, foreign exchange and asset management services. DHBK has a presence in Qatar, Kuwait and the UAE...
Key to Qatar’s crowded banking sector is its foreign bank branches. By year-end 2011, these lenders held QR32.2bn ($8.8bn) in assets, equivalent to a 4.8% share of the market, down from 7.7% in 2010. Nonetheless, foreign banks have achieved notable success in the country in the long run, with the segment achieving a 12.7% compound annual growth rate...
With one of the world’s most commanding positions in the global energy industry and a growing role in regional diplomacy, Qatar has seen massive returns on the political and economic investments it has made in the past two decades, and the country has come to the fore as a respected voice in international forums.
Several important regulatory moves impacted Qatar’s banking system in 2011 within the framework of ongoing initiatives to reduce risk and household debt exposure while moving towards the long-debated goal of a single regulatory authority. The first of these major changes was a February 2011 regulation that obliged conventional banks to close their...
With the elation of winning the right to host the 2022 FIFA World Cup over, the Gulf state continues to make strides forward in both the economic and diplomatic arenas. The state remains the world’s wealthiest country per capita, according to the World Bank. The General Secretariat for Development Planning (GSDP) forecasts real GDP growth of 6.2...
Though one of the less well known emirates in the UAE, Ras Al Khaimah is quickly developing as a tourism destination. Indeed, tourism has been back on a healthy path since 2010, and industry leaders expect further growth in the coming years. The local economy overall is benefitting from the uptick in visitors as new hotels are being built. Operators...
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