With Qatar experiencing strong and protracted economic growth, built largely on the back of a globally significant hydrocarbons sector, banking in this Gulf state has long been a robust business. The sector weathered the international credit crunch well and has since achieved double-digit asset growth, despite more recent global financial woes, and...
Having had the best year on record in 2011, sharia-compliant bonds, known as sukuks, have come back in full force from a post-financial crisis lull. The year 2012 is also set to see some major issuances in Qatar, which has already established a role for itself as a key international player in the sukuk market.
THE COMPANY: A regional and local heavyweight, Industries Qatar (IQCD on the Qatar Exchange) is the second-largest listed company on the local bourse. The state of Qatar, through Qatar Petroleum (QP), owns a 51% stake in the company. QP recently lowered its ownership from 70% by transferring a portion of...
Are you happy with the progress Qatar CB has made in minimising write-offs and defaults?
Competition in the securities brokerage industry is intensifying. The recent introduction of bank-backed brokerage houses has given clients access to topnotch research and professional services, which are improving service quality and offerings to investors.
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...
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