The Institute of International Finance held its annual meeting of Middle Eastern and North African bank CEOs in Doha, Qatar. Over 100 executives from the region's banks attended along with representatives from global firms. The meeting included discussions on challenges facing the financial industry in the region due to political turmoil and the global economy. Speakers commented on diverging economic performance between countries experiencing political change and oil-exporting nations. Qatar was highlighted as continuing to achieve high growth while diversifying its economy.
FSD Africa is a £35 million program funded by DFID to reduce poverty in sub-Saharan Africa by developing efficient, robust and inclusive financial markets. It aims to do this by identifying and addressing market failures, building the capacity of local actors, and fostering collaboration across the financial sector. FSD Africa works with a variety of partners including governments, private institutions, donors and thought leaders on initiatives focused on financial inclusion, finance for growth, and supporting the broader FSD Network across the region.
The global Islamic finance industry has grown rapidly over the past decade and now manages over $1 trillion in assets. Several factors are driving continued growth, including increased capital from Muslim-majority countries, the rise of Islamic multinationals, and growing retail demand. While the industry has potential to tap into the large Muslim population worldwide, it still needs to educate customers and differentiate itself more from conventional finance. Regulatory challenges and a lack of skilled professionals could hamper further expansion.
Qatar has the world's fastest growing economy, with GDP growth projected to be 23.3% in 2010. The country benefits from vast hydrocarbon resources and has implemented a long-term national development plan called Qatar National Vision 2030 to diversify its economy and strengthen small businesses. DOHALAND is working to regenerate the architectural landscape of Qatar in line with this vision, with its flagship Musheireb project reviving the local architectural style through sustainable development.
This document summarizes the development of Islamic finance in the Gulf Cooperation Council (GCC) states. It finds that the GCC collectively accounts for over 40% of global shariah-compliant financial assets, led by Saudi Arabia, Kuwait, UAE, Bahrain, and Qatar. Government policy has generally facilitated Islamic finance's expansion through legislation and regulation, though some GCC states were initially cautious. The banking sector has grown rapidly, offering deposits, financing for trade, real estate, and consumer credit. Sukuk issuance and financial centers have also contributed to the industry's growth, with Bahrain emerging as a major Islamic finance hub. Overall, the GCC states have played a leading role in the global development of Islamic
The document discusses the challenges facing the Netherlands-African Business Council (NABC) in assisting its members to build sustainable business opportunities in Africa. NABC provides services like trade missions and consulting to help Dutch businesses invest in emerging African markets. However, high infrastructure investments in Africa face challenges like long contract cycles, regulatory uncertainty, and new sources of foreign direct investment. As a result, NABC wants to review its strategic programs to ensure it provides value to members in these institutional environments.
The Middle East Market SIS International ResearchResearchShare
This presentation covers demographics and cultural and societal influences in the Middle East market, as well as opportunities and barriers for growth. Booming markets include healthcare and automotive industries. Learn more in this presentation from SIS International Research.
1) Abu Dhabi's oil and gas wealth fueled Dubai's diversification strategy and major infrastructure projects, leading to the success of the Dubai International Financial Center (DIFC).
2) However, the DIFC showed lack of transparency, high credit risk, and overexposure to the real estate sector, leaving Dubai significantly in debt following the global financial crisis.
3) The debt crisis threatens Dubai's clusters and could negatively impact employment, economic growth, and investor confidence across the UAE if not properly addressed.
The United Arab Emirates (UAE) is an Arab country located in the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran. The UAE comprises of a federation of seven emirates namely, Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al-Khaimah, Umm Al-Quwain and Ajman which have their own rules and regulations. The Federation was formally established on 2 December 1971. Arabic is the official language and English is the predominant language in business world.
FSD Africa is a £35 million program funded by DFID to reduce poverty in sub-Saharan Africa by developing efficient, robust and inclusive financial markets. It aims to do this by identifying and addressing market failures, building the capacity of local actors, and fostering collaboration across the financial sector. FSD Africa works with a variety of partners including governments, private institutions, donors and thought leaders on initiatives focused on financial inclusion, finance for growth, and supporting the broader FSD Network across the region.
The global Islamic finance industry has grown rapidly over the past decade and now manages over $1 trillion in assets. Several factors are driving continued growth, including increased capital from Muslim-majority countries, the rise of Islamic multinationals, and growing retail demand. While the industry has potential to tap into the large Muslim population worldwide, it still needs to educate customers and differentiate itself more from conventional finance. Regulatory challenges and a lack of skilled professionals could hamper further expansion.
Qatar has the world's fastest growing economy, with GDP growth projected to be 23.3% in 2010. The country benefits from vast hydrocarbon resources and has implemented a long-term national development plan called Qatar National Vision 2030 to diversify its economy and strengthen small businesses. DOHALAND is working to regenerate the architectural landscape of Qatar in line with this vision, with its flagship Musheireb project reviving the local architectural style through sustainable development.
This document summarizes the development of Islamic finance in the Gulf Cooperation Council (GCC) states. It finds that the GCC collectively accounts for over 40% of global shariah-compliant financial assets, led by Saudi Arabia, Kuwait, UAE, Bahrain, and Qatar. Government policy has generally facilitated Islamic finance's expansion through legislation and regulation, though some GCC states were initially cautious. The banking sector has grown rapidly, offering deposits, financing for trade, real estate, and consumer credit. Sukuk issuance and financial centers have also contributed to the industry's growth, with Bahrain emerging as a major Islamic finance hub. Overall, the GCC states have played a leading role in the global development of Islamic
The document discusses the challenges facing the Netherlands-African Business Council (NABC) in assisting its members to build sustainable business opportunities in Africa. NABC provides services like trade missions and consulting to help Dutch businesses invest in emerging African markets. However, high infrastructure investments in Africa face challenges like long contract cycles, regulatory uncertainty, and new sources of foreign direct investment. As a result, NABC wants to review its strategic programs to ensure it provides value to members in these institutional environments.
The Middle East Market SIS International ResearchResearchShare
This presentation covers demographics and cultural and societal influences in the Middle East market, as well as opportunities and barriers for growth. Booming markets include healthcare and automotive industries. Learn more in this presentation from SIS International Research.
1) Abu Dhabi's oil and gas wealth fueled Dubai's diversification strategy and major infrastructure projects, leading to the success of the Dubai International Financial Center (DIFC).
2) However, the DIFC showed lack of transparency, high credit risk, and overexposure to the real estate sector, leaving Dubai significantly in debt following the global financial crisis.
3) The debt crisis threatens Dubai's clusters and could negatively impact employment, economic growth, and investor confidence across the UAE if not properly addressed.
The United Arab Emirates (UAE) is an Arab country located in the southeast end of the Arabian Peninsula on the Persian Gulf, bordering Oman to the east and Saudi Arabia to the south, as well as sharing sea borders with Qatar and Iran. The UAE comprises of a federation of seven emirates namely, Dubai, Abu Dhabi, Sharjah, Fujairah, Ras Al-Khaimah, Umm Al-Quwain and Ajman which have their own rules and regulations. The Federation was formally established on 2 December 1971. Arabic is the official language and English is the predominant language in business world.
The document discusses Islamic finance and its growth. It provides details about a conference held by the National Bureau of Asian Research on Islamic finance in Southeast Asia. It summarizes the opening and closing keynote addresses which discussed linking Asia and the Middle East through sukuk markets, building a financial architecture through research, and managing regulatory challenges. The document also provides background on Islamic financial principles and the opportunities it provides through interregional linkages and new investment opportunities.
Islamic finance has grown rapidly in recent decades and become a significant part of the global financial system, with estimated assets exceeding $1 trillion. There are two main models of Islamic finance - the Arab model which originated in the 1970s focused on asset management, while the Malaysian model emphasized generating financing. Malaysia in particular has been innovative in developing sharia-compliant financial instruments and a dual banking system. For Islamic finance to be economically sustainable, it must continue to interface productively with conventional finance by creating positive synergies rather than assuming competition between the systems.
The Arab Economic Forum is a major annual economic conference held in Beirut that brings together government leaders, business executives, and experts to discuss issues related to economic development in the Arab world. Over 19 years, it has grown to become the most influential recurring economic event in the region. The forum provides opportunities for high-level networking, exchanging ideas, and launching business initiatives. Prominent speakers from both public and private sectors discuss current economic trends and challenges facing the region.
Introduction to African Regional Economic Communities by Crane INSIGHTS - 2017dkanja
This document provides an overview of Crane Consulting House's video workshop on Africa's regional economic communities. It begins by outlining who the workshop is suited for, such as investors and business executives looking to enter African markets. It then discusses Africa's paradoxical nature as a diverse continent with both large and small potential markets. The document emphasizes understanding Africa through its regional economic communities (RECs), of which it profiles the eight main groups - detailing each REC's history, members, economies, and challenges. It concludes by listing essential elements of Africa market intelligence that are important for businesses to consider, such as economic growth, political stability, and regional integration factors.
The document discusses the global financial crisis and proposes Islamic finance as a solution. It provides background on the causes of the crisis, including risky mortgage products and loose lending practices. It then outlines several principles of Islamic finance, such as prohibitions on usury and speculation, that could have helped avoid the crisis. The finance minister of Bahrain is quoted saying that adhering to Islamic rules helped the country avoid riskier assets and weather the recession well. The conclusion argues that Islamic finance principles of linking finance to real economic activity could help reduce debt and speculation and promote stability.
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...scmsnoida5
This paper examines the relationship between
the development of Islamic finance system and
economic growth in the Kingdom of Saudi
Arabia. The relationship between Islamic
banking and economic growth is done using
econometric analysis. In this analysis, we use
Islamic banks’ financing credited to private
sector through modes of financing as a proxy for
the development of Islamic finance system and
Gross Domestic Product (GDP), Gross Fixed
Capital Formation (GFCF) and Foreign Direct
Investment inflow (FDI) as proxies for real
economic growth. For the analysis, the unit root
test, co-integration test and Granger causality
tests were done. Based on the availability of data,
time series data from 1990 to 2010 is used to
examine the relationship between Islamic banks’
financing and GDP, FDI, and GFCF. Data for
all variables are stationary after first difference.
The co-integration results provide an evidence of
a unique cointegrating vector. In other words, there is a long-term stable relationship between
Islamic banks’ financing and economic growth
in the Kingdom of Saudi Arabia. That means
Islamic banks’ financing and economic growth
relationships are moving together in the longrun.
The results from causality tests show that causality
relation exist from the Islamic banks’ financing
to investment and Foreign Direct Investment
(FDI) of the Kingdom of Saudi Arabia. The
results indicate that Islamic finance is a suitable
environment for attracting FDI and FDI
reinforces economic growth.
Islamic Project Finance in Saudi Arabiafinancedude
1) The article discusses the $5.8 billion financing for the $9.9 billion Petro-Rabigh project in Saudi Arabia, which included a $600 million Islamic financing tranche. This represented the first use of Islamic financing in a multi-sourced project financing in Saudi Arabia.
2) The Islamic financing structure was based on an Istisna'a (procurement agreement) and Ijara (lease), combining structures used successfully elsewhere in the Gulf. However, there was skepticism that these could work in Saudi Arabia due to legal/regulatory differences.
3) With support from Saudi authorities, a key change was allowing a "special purpose company" to enable the Islamic structure. This case
This document summarizes an Islamic finance presentation on emerging opportunities for Islamic ship financing. It outlines the concepts of Islamic finance, including a prohibition on interest (riba) and a focus on profit and loss sharing. It discusses the progress of Islamic banking, current market size, and recent deals in Islamic ship financing. Structures for Islamic ship financing include existing vessel financing using an ijara (lease) structure and newbuild vessel financing using an istisna'a (procurement contract) structure. Case studies of recent Islamic ship financing deals are also presented.
This document summarizes the Islamic finance education landscape and developments in 2016. It finds that while the Islamic finance industry is growing, there is a shortage of qualified human resources which poses a risk. In 2016, several developments aimed to address this, including new Islamic finance centers in Pakistan backed by the UK, and a partnership between the BIBF and University of Bolton for an MBA program. Online education is growing, with initiatives launched by organizations like IDB's IRTI on edX and IFSB's new e-learning portal. Looking to 2017, online learning is expected to continue growing, which will benefit Islamic finance education and the industry overall.
The document provides an overview of the Islamic finance industry. It discusses the history and origins of Islamic finance, the key players and geographic clusters, major products and deals, and current trends. The global Islamic finance market is growing rapidly at 10-15% annually and has reached $265 billion in assets, though there remains a need for standardization and professional training to further develop the industry.
"ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ" SME Webinar สัมมนาออนไลน์ K SME
SME Webinar สัมมนาออนไลน์
หัวข้อ "ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ"
ชมคลิปสัมมนา - https://youtu.be/3ixKwTs2o0g
กลยุทธ์ เคล็ดลับธุรกิจดีๆ มีให้เรียนได้ไม่รู้จบ
คลิก http://goo.gl/t6i0Nw
K SME ช่วยเต็มที่ SME มีแต่ได้
The document provides an overview of the global Islamic asset management sector. It finds that while the number of Islamic funds has significantly increased over the past five years, assets under management have grown only marginally and remain a small fraction of total Islamic finance assets. Malaysia, Saudi Arabia, and Luxembourg collectively host 71% of global Islamic funds. Sukuk funds outperformed benchmarks after the 2008 crisis but have struggled more recently. Achieving scale remains a key challenge for the industry.
MIDDLE EAST INVESTMENT OPPORTUNITES FOR PRIVATE EQUITYsanthoshkrish
The document discusses opportunities for private equity investment in the Middle East region. It notes that private equity has historically accounted for only 0.1% of the global $2.3 trillion industry, but that the Middle East economies are growing rapidly, with real GDP growth exceeding 5% in most countries. Several factors are driving large infrastructure investment requirements in the region over the next 5-10 years, including population growth, economic diversification away from oil, and underinvestment. The private equity industry in the Middle East is also growing rapidly and could help meet the region's investment needs.
The World Economic Forum is a Swiss nonprofit foundation established in 1971 that convenes global leaders each year to discuss pressing issues. It holds an annual meeting in Davos, Switzerland that brings together over 2,500 public and private sector leaders. It also holds regional meetings and publishes research reports on topics like competitiveness and global risks. The Forum aims to engage business, government and other sectors in shaping global, regional and industry agendas.
Islamic banking a study of the relevant operating modes in current financial ...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
11.islamic banking a study of the relevant operating modes in current financi...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
The document provides an overview of the financial market in the United Arab Emirates (UAE). It discusses the history and development of the UAE financial market. Key points include:
- The UAE economy was traditionally based on fishing and pearling but has been transformed by oil exports into a modern state with a high per capita income and trade surplus.
- The economy remains dependent on oil and gas revenues which finance infrastructure development. Non-oil sectors like tourism and services are growing.
- The government budget runs surpluses due to rising oil prices, though actual government finances are larger than reported due to off-budget oil investment funds.
- The banking, insurance and government procurement sectors still
The document discusses various economic and political developments across several African countries and regions. It reports that Mauritius held a workshop on public-private partnerships to promote infrastructure development. It also discusses Egypt's continued investments in new airports despite the global slowdown, calls by the African Union for sanctions against Eritrea for supporting Somali insurgents, and Zimbabwe's plans to streamline investment processes through a one-stop shop model. Rwanda reported lower inflation rates and revised GDP growth estimates than expected.
The QE index in Qatar rose 0.3% led by gains in the banking and insurance indices. Qatar General Insurance and QNB Group were the top gainers rising 8.2% and 2.9% respectively, while Dlala Brokering declined 7.4%. Regional markets were mixed with Saudi Arabia and Dubai rising while Kuwait and Oman fell. Earnings news saw National General Insurance report a 150.6% rise in net profit for 2Q2013.
The document discusses Islamic finance and its growth. It provides details about a conference held by the National Bureau of Asian Research on Islamic finance in Southeast Asia. It summarizes the opening and closing keynote addresses which discussed linking Asia and the Middle East through sukuk markets, building a financial architecture through research, and managing regulatory challenges. The document also provides background on Islamic financial principles and the opportunities it provides through interregional linkages and new investment opportunities.
Islamic finance has grown rapidly in recent decades and become a significant part of the global financial system, with estimated assets exceeding $1 trillion. There are two main models of Islamic finance - the Arab model which originated in the 1970s focused on asset management, while the Malaysian model emphasized generating financing. Malaysia in particular has been innovative in developing sharia-compliant financial instruments and a dual banking system. For Islamic finance to be economically sustainable, it must continue to interface productively with conventional finance by creating positive synergies rather than assuming competition between the systems.
The Arab Economic Forum is a major annual economic conference held in Beirut that brings together government leaders, business executives, and experts to discuss issues related to economic development in the Arab world. Over 19 years, it has grown to become the most influential recurring economic event in the region. The forum provides opportunities for high-level networking, exchanging ideas, and launching business initiatives. Prominent speakers from both public and private sectors discuss current economic trends and challenges facing the region.
Introduction to African Regional Economic Communities by Crane INSIGHTS - 2017dkanja
This document provides an overview of Crane Consulting House's video workshop on Africa's regional economic communities. It begins by outlining who the workshop is suited for, such as investors and business executives looking to enter African markets. It then discusses Africa's paradoxical nature as a diverse continent with both large and small potential markets. The document emphasizes understanding Africa through its regional economic communities (RECs), of which it profiles the eight main groups - detailing each REC's history, members, economies, and challenges. It concludes by listing essential elements of Africa market intelligence that are important for businesses to consider, such as economic growth, political stability, and regional integration factors.
The document discusses the global financial crisis and proposes Islamic finance as a solution. It provides background on the causes of the crisis, including risky mortgage products and loose lending practices. It then outlines several principles of Islamic finance, such as prohibitions on usury and speculation, that could have helped avoid the crisis. The finance minister of Bahrain is quoted saying that adhering to Islamic rules helped the country avoid riskier assets and weather the recession well. The conclusion argues that Islamic finance principles of linking finance to real economic activity could help reduce debt and speculation and promote stability.
Islamic Finance and Economic Growth in the Kingdom of Saudi Arabia (KSA): An ...scmsnoida5
This paper examines the relationship between
the development of Islamic finance system and
economic growth in the Kingdom of Saudi
Arabia. The relationship between Islamic
banking and economic growth is done using
econometric analysis. In this analysis, we use
Islamic banks’ financing credited to private
sector through modes of financing as a proxy for
the development of Islamic finance system and
Gross Domestic Product (GDP), Gross Fixed
Capital Formation (GFCF) and Foreign Direct
Investment inflow (FDI) as proxies for real
economic growth. For the analysis, the unit root
test, co-integration test and Granger causality
tests were done. Based on the availability of data,
time series data from 1990 to 2010 is used to
examine the relationship between Islamic banks’
financing and GDP, FDI, and GFCF. Data for
all variables are stationary after first difference.
The co-integration results provide an evidence of
a unique cointegrating vector. In other words, there is a long-term stable relationship between
Islamic banks’ financing and economic growth
in the Kingdom of Saudi Arabia. That means
Islamic banks’ financing and economic growth
relationships are moving together in the longrun.
The results from causality tests show that causality
relation exist from the Islamic banks’ financing
to investment and Foreign Direct Investment
(FDI) of the Kingdom of Saudi Arabia. The
results indicate that Islamic finance is a suitable
environment for attracting FDI and FDI
reinforces economic growth.
Islamic Project Finance in Saudi Arabiafinancedude
1) The article discusses the $5.8 billion financing for the $9.9 billion Petro-Rabigh project in Saudi Arabia, which included a $600 million Islamic financing tranche. This represented the first use of Islamic financing in a multi-sourced project financing in Saudi Arabia.
2) The Islamic financing structure was based on an Istisna'a (procurement agreement) and Ijara (lease), combining structures used successfully elsewhere in the Gulf. However, there was skepticism that these could work in Saudi Arabia due to legal/regulatory differences.
3) With support from Saudi authorities, a key change was allowing a "special purpose company" to enable the Islamic structure. This case
This document summarizes an Islamic finance presentation on emerging opportunities for Islamic ship financing. It outlines the concepts of Islamic finance, including a prohibition on interest (riba) and a focus on profit and loss sharing. It discusses the progress of Islamic banking, current market size, and recent deals in Islamic ship financing. Structures for Islamic ship financing include existing vessel financing using an ijara (lease) structure and newbuild vessel financing using an istisna'a (procurement contract) structure. Case studies of recent Islamic ship financing deals are also presented.
This document summarizes the Islamic finance education landscape and developments in 2016. It finds that while the Islamic finance industry is growing, there is a shortage of qualified human resources which poses a risk. In 2016, several developments aimed to address this, including new Islamic finance centers in Pakistan backed by the UK, and a partnership between the BIBF and University of Bolton for an MBA program. Online education is growing, with initiatives launched by organizations like IDB's IRTI on edX and IFSB's new e-learning portal. Looking to 2017, online learning is expected to continue growing, which will benefit Islamic finance education and the industry overall.
The document provides an overview of the Islamic finance industry. It discusses the history and origins of Islamic finance, the key players and geographic clusters, major products and deals, and current trends. The global Islamic finance market is growing rapidly at 10-15% annually and has reached $265 billion in assets, though there remains a need for standardization and professional training to further develop the industry.
"ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ" SME Webinar สัมมนาออนไลน์ K SME
SME Webinar สัมมนาออนไลน์
หัวข้อ "ทิศทางสินค้าไทยดันยอดขายให้โตในตลาดอาหรับ"
ชมคลิปสัมมนา - https://youtu.be/3ixKwTs2o0g
กลยุทธ์ เคล็ดลับธุรกิจดีๆ มีให้เรียนได้ไม่รู้จบ
คลิก http://goo.gl/t6i0Nw
K SME ช่วยเต็มที่ SME มีแต่ได้
The document provides an overview of the global Islamic asset management sector. It finds that while the number of Islamic funds has significantly increased over the past five years, assets under management have grown only marginally and remain a small fraction of total Islamic finance assets. Malaysia, Saudi Arabia, and Luxembourg collectively host 71% of global Islamic funds. Sukuk funds outperformed benchmarks after the 2008 crisis but have struggled more recently. Achieving scale remains a key challenge for the industry.
MIDDLE EAST INVESTMENT OPPORTUNITES FOR PRIVATE EQUITYsanthoshkrish
The document discusses opportunities for private equity investment in the Middle East region. It notes that private equity has historically accounted for only 0.1% of the global $2.3 trillion industry, but that the Middle East economies are growing rapidly, with real GDP growth exceeding 5% in most countries. Several factors are driving large infrastructure investment requirements in the region over the next 5-10 years, including population growth, economic diversification away from oil, and underinvestment. The private equity industry in the Middle East is also growing rapidly and could help meet the region's investment needs.
The World Economic Forum is a Swiss nonprofit foundation established in 1971 that convenes global leaders each year to discuss pressing issues. It holds an annual meeting in Davos, Switzerland that brings together over 2,500 public and private sector leaders. It also holds regional meetings and publishes research reports on topics like competitiveness and global risks. The Forum aims to engage business, government and other sectors in shaping global, regional and industry agendas.
Islamic banking a study of the relevant operating modes in current financial ...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
11.islamic banking a study of the relevant operating modes in current financi...Alexander Decker
This document summarizes the history and operating modes of Islamic banking. It discusses:
1) Islamic banking emerged in the 1960s/70s as an alternative to interest-based banking guided by Islamic principles. Currently there are over 300 Islamic banks worldwide.
2) The main operating modes of Islamic banking include profit and loss sharing (mudarabah), equity partnerships (musharakah), and fixed-return contracts like murabaha (cost-plus sale).
3) Murabaha contract allows banks to purchase goods for clients and sell them at a markup, functioning as a financing mechanism while avoiding interest. It has become widely used in practice.
The document provides an overview of the financial market in the United Arab Emirates (UAE). It discusses the history and development of the UAE financial market. Key points include:
- The UAE economy was traditionally based on fishing and pearling but has been transformed by oil exports into a modern state with a high per capita income and trade surplus.
- The economy remains dependent on oil and gas revenues which finance infrastructure development. Non-oil sectors like tourism and services are growing.
- The government budget runs surpluses due to rising oil prices, though actual government finances are larger than reported due to off-budget oil investment funds.
- The banking, insurance and government procurement sectors still
The document discusses various economic and political developments across several African countries and regions. It reports that Mauritius held a workshop on public-private partnerships to promote infrastructure development. It also discusses Egypt's continued investments in new airports despite the global slowdown, calls by the African Union for sanctions against Eritrea for supporting Somali insurgents, and Zimbabwe's plans to streamline investment processes through a one-stop shop model. Rwanda reported lower inflation rates and revised GDP growth estimates than expected.
The QE index in Qatar rose 0.3% led by gains in the banking and insurance indices. Qatar General Insurance and QNB Group were the top gainers rising 8.2% and 2.9% respectively, while Dlala Brokering declined 7.4%. Regional markets were mixed with Saudi Arabia and Dubai rising while Kuwait and Oman fell. Earnings news saw National General Insurance report a 150.6% rise in net profit for 2Q2013.
The QE Index gained 0.93% over the week to close at 10,486.23 points. Trading value increased 27.24% to QR2.0bn while volume rose 13.38% to 63.2mn shares. QNBK and IQCD were the largest contributors to the index's gain. Foreign institutions remained net buyers while Qatari institutions were net sellers. The GCC markets remained mixed with Dubai surging 4.8% and Kuwait retreating 0.8%.
Employeeengagementgallupsurveyquestions 121002085703-phpapp02Agatha C Melvin
The document discusses employee engagement and the Gallup Questions used to measure engagement. It summarizes that engaged employees are committed, involved, and enthusiastic, and feel their basic needs, opportunities to contribute, sense of belonging, and chances to learn are met. The Gallup Questions are designed to measure aspects of engagement linked to business outcomes like profitability and safety. There are 12 questions that ask about having clear expectations, necessary materials/equipment, opportunities to utilize strengths, recognition, caring supervision, encouragement, valued opinions, important work, quality coworkers, trust, feedback, and growth opportunities.
The document discusses beats, which occur when two sounds with similar frequencies interact. Beats are heard as a modulation in volume as the waves alternately interfere constructively and destructively. When trying to tune a flute to a tuner emitting 440Hz, but the flute is playing at 434Hz, beats will be heard at a frequency of 6Hz as the two tones modulate together. The overall tone heard will be the average frequency of 437Hz.
O documento descreve a história do Império Romano desde sua fundação por Augusto até seu declínio. Augusto centralizou o poder sob seu comando e estabeleceu as bases para o Alto Império, um período de expansão e estabilidade. Fatores internos como o fim das conquistas e aumento de impostos e externos como invasões bárbaras levaram ao declínio e queda do Império no Baixo Império.
WhatsApp es una aplicación de mensajería para teléfonos inteligentes que permite a los usuarios enviar mensajes de texto, fotos, videos y notas de voz a través de Internet. Los usuarios se identifican por su número de teléfono móvil y deben tener instalada la aplicación en sus teléfonos para comunicarse. WhatsApp requiere una conexión a Internet móvil para funcionar y enviar mensajes entre teléfonos.
MERCHANT ADVISORS PROVIDES TAILORED FINANCING SOLUTIONS TO SMALL AND MID-SIZED BUSINESSES CONSIDERING THEIR SPECIFIC NEEDS. NOW SIMPLIFIED AND MORE FLEXIBLE FINANCING OPTIONS ARE NOW AT YOUR DISPOAL. LET US HELP IN TAKING YOUR BUSINESS TO THE NEXT LEVEL....VISIT US AT ONLINECHECK.COM
Educ 8404 module 6 multi media presentation for voice threadalobban3
The document discusses strategies to improve math motivation and achievement for students at East Side Elementary School. 60% of students failed the state standardized test and 70% failed the county benchmark test. Students were lacking motivation as demonstrated by not attempting or completing tasks. The Creative Solutions Math program will use Keller's ARCS model of motivation to apply lessons to real life, demonstrate attention during lessons using technology and games, and complete activities to build confidence. It is hoped this approach will lessen the achievement gap and develop a positive math attitude.
To help our clients learn more about their security environment we put together a tool that examined how many security tools our clients really used, and offered some recommendations from our experts based on the results.
We are please to share the Karachi based Ooh media analysis for the Month of May 2014 with all media industry of Pakistan. We are monitoring the out door media from Jan 2014 and very thankful to the industry for their positive feed back and support
El cable de par trenzado consiste en dos alambres de cobre aislados que se trenzan de forma helicoidal para anular interferencias externas. Se usa en telecomunicaciones para transmitir datos. Los cables UTP son más económicos pero tienen mayor error y limitación de distancia, mientras que los STP incluyen blindaje adicional. El cable de par trenzado fue inventado por Alexander Graham Bell en 1881 y se ha usado ampliamente desde entonces.
MENA PEA_10th Annual Private Equity and Venture Capital Report for 2015Lina El Zein
Private equity and venture capital activity in the MENA region continued to grow in 2015 according to the report. The number of disclosed transactions increased significantly from 72 in 2014 to 175 in 2015, reflecting growth in both private equity and venture capital investments. While total investment values decreased slightly by 4% compared to 2014 levels, the average size of private equity deals decreased. Fundraising levels also declined compared to previous years, though some managers adopted a "deal by deal" approach rather than relying on formal funds. Overall, private equity managers surveyed indicated continued challenges with fundraising in 2016 but demonstrated an ability to find investment opportunities and increase divestment values and levels.
This document provides an overview and summary of the Africa Competitiveness Report 2013. It was a collaborative effort between the World Economic Forum, the World Bank, the African Development Bank, and the Ministry of Foreign Affairs of Denmark. The report assesses Africa's competitiveness, examines how to better connect African markets through trade and infrastructure development, and provides competitiveness profiles for 38 African countries. It aims to highlight policy areas that need action to ensure sustainable and inclusive economic growth across the continent.
KIPCO posted a 17% rise in net profit for the first nine months of 2015 to KD 37.2 million. TAKAUD signed an MoU with Warba Insurance to utilize TAKAUD's back-office investment solutions. KIPCO Group companies reported various partnerships and investments including Gulfsat investing in a new satellite, QPIC sponsoring an industrial expo, and Safir International signing a hotel management contract.
Qnb hosts the iif's 16th annual mena bank chief executives meetingQNB Group
QNB Group will host the 16th annual meeting of the International Institute of Finance (IIF) for Middle Eastern and North African Bank Chief Executives in Doha on February 22-23. The IIF organizes this annual meeting to discuss issues impacting the global economy and developments affecting the financial sector from global and regional perspectives. QNB Group CEO Ali Shareef Al-Emadi said the bank is pleased to host this prestigious event for the second time as it offers banking leaders in the region to exchange views on the latest financial sector developments. Topics at the conference will include the current economic situation in the MENA region, particularly the impact of the Arab Spring, as well as ways to deepen regional
This document provides information about the Global Alternatives Investment Management (GAIM) Middle East conference taking place from November 16-19, 2008 in Dubai, UAE. The conference will feature over 60 industry speakers discussing alternative investments and opportunities in the Middle East region. It will also include networking events and a gala dinner where the Middle East Business Achievement Awards will be presented. Delegates will include investors, asset managers, banks, and other professionals seeking investment opportunities and deals in the Middle East.
The document summarizes discussions from the 4th GCC-India Industrial Forum and the 10th Annual GPCA Forum. At the GCC-India forum, the Saudi commerce minister urged Gulf and Indian businesses to strengthen economic ties and pursue investment opportunities. An Indian official highlighted India's $1 trillion investment needs and opportunities in sectors like infrastructure. Speakers called for enhancing GCC-India business cooperation. The UAE energy minister said at the GPCA forum that GCC petrochemical producers must continue investing and innovating to ensure industry growth amid global economic challenges. ConocoPhillips Qatar opened a new regional office in The Gate Mall.
The document discusses proceedings from the 2009 Global Competitiveness Forum held in Riyadh, Saudi Arabia. It provides an overview of the forum's topics and sessions which centered around achieving "responsible competitiveness" in areas such as markets, energy, food, talent, and the global economic crisis. Key discussions involved balancing short-term economic needs with long-term priorities like sustainability, innovation, and developing human capital. The forum aimed to promote cooperation between governments and businesses to restore shared prosperity in a sustainable manner.
The document is the Africa Competitiveness Report 2013 published jointly by the World Economic Forum, World Bank, African Development Bank, and Ministry of Foreign Affairs of Denmark. It provides an overview and assessment of Africa's competitiveness based on collaboration between these organizations. The report finds that while Africa has experienced strong economic growth, it needs to translate this into improved living standards. It highlights areas for policy action and investment to ensure sustainable and inclusive growth through increased regional integration and connecting Africa's markets.
This document discusses Qatar's strong and resilient banking sector. It notes that Qatar has the Middle East's most competitive finance sector, with Qatari banks leading the region in annual asset growth. The banking sector has been largely unaffected by global economic downturns due to strong macroeconomic fundamentals. Major Qatari banks like Qatar National Bank are expanding both within the region and internationally, while still focusing on the domestic market. The central bank governor cites initiatives to strengthen financial regulation and protect consumers as reasons for continued stability and growth in Qatar's banking industry.
The document is a supplement from Global Investor/ISF magazine celebrating achievement in the Middle East region. It announces that MedSecurities has been awarded Best Broker of the Year for the third consecutive year by Global Investor ISF. It contains articles on topics such as investor preferences in the Middle East, profiles of Qatar and Dubai, Saudi Arabia opening up, and regional awards for CEO of the Year, best asset managers, brokers, and more. The supplement aims to recognize high achievement in the asset management industry across the Middle East.
The document discusses several topics related to banking in Bahrain:
1) Banks in Bahrain are cancelling debit and credit cards without chip technology by June 30 per a Central Bank of Bahrain directive, to increase security and prevent fraud. Citibank Bahrain confirms it will meet this deadline.
2) A two-day conference organized by AAOIFI discussed issues related to Islamic finance such as central bank supervision of Islamic banks and the development of financial derivatives. It aimed to harmonize global Islamic finance practices.
3) Bahrain's upcoming $500 million sovereign sukuk issue could boost activity in the Gulf sukuk market according to a law firm study. Recovering oil prices and Dubai
This document provides an overview and summary of the Africa Competitiveness Report 2013, which was a collaborative effort between the World Economic Forum, World Bank, African Development Bank, and Ministry of Foreign Affairs of Denmark. The report analyzes Africa's competitiveness challenges and barriers to increased trade, discusses how to develop infrastructure and improve the business environment to boost competitiveness. It also provides detailed competitiveness profiles for 38 African countries.
The document is the Africa Competitiveness Report 2013 published jointly by the World Economic Forum, World Bank, African Development Bank, and Ministry of Foreign Affairs of Denmark. It provides an overview and analysis of Africa's competitiveness challenges and outlines areas for policy action and investment to promote inclusive and sustainable growth. The report is based on collaboration between the institutions and their experts, and analyzes topics such as enabling African trade, developing infrastructure, and growth poles to raise competitiveness and regional integration.
Qnb platinum sponsor of 3rd national conference on internal auditing 2013QNB Group
Qatar National Bank (QNB) has announced its platinum sponsorship of the third National Conference on Internal Auditing 2013 being held in Qatar from May 18-20. The conference theme is "The value of an effective Internal Auditing Function" and will feature seminars and workshops examining how internal auditing can add value to organizations and how to deal with modern business challenges. QNB's sponsorship demonstrates its support for developing Qatar's knowledge-based society in line with Qatar National Vision 2030.
Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.
AlHuda CIBE is going to organize "Global Takaful Forum" on August 26, 2019 at Istanbul - Turkey.
The objective of the event is to provide adequate knowledge and benefits of Takaful industry to the relevant market. The platform will help analyzing the problems hindering rapid development of Takaful worldwide that would surely help increasing financial inclusion.
Address to the Subcommittee on International Monetary Policy and Trade Wagane Diouf
1. Mr. Wagane Diouf spoke to the Subcommittee on International Monetary Policy and Trade about the potential of microfinance in Africa and the role of development institutions.
2. He discussed the success story of AfriCap Microfinance Fund's early investment in Equity Bank Kenya, which grew to become the largest bank in Kenya.
3. Mr. Diouf argued that the best way for development institutions to support the microfinance industry in Africa is by partnering with microfinance investment vehicles and focusing on improving credit bureaus, IT infrastructure, and management capacity building.
The document discusses the human capital challenge facing Arab countries. While the region has experienced strong economic growth, labor and human resource development has not kept pace, threatening sustainable growth. There is a shortage of skilled national labor, forcing heavy reliance on expatriates in some countries. Additionally, youth unemployment is high despite a large youth population, and female labor participation is low. Together these represent an underutilization of human capital in the region. Arab CEOs view addressing education systems and the skills gap as top priorities to close this human capital challenge.
Similar to Final press release saturday feb 24 final english (20)
QNBFS Daily Market Report December 24, 2023QNB Group
The QE Index rose 0.8% to close at 10,285.3. Gains were led by the Transportation and Banks & Financial Services indices, gaining 1.4% and 1.2%, respectively.
QNBFS Daily Technical Trader Qatar - October 10, 2023 التحليل الفني اليومي لب...QNB Group
The document provides a daily technical analysis of the QE Index and QATAR INSURANCE CO stock. For the QE Index, it notes the index remains in a downtrend but is approaching a support level of 9,700, where long positions could be taken. It provides expected resistance and support levels. For QATAR INSURANCE CO stock, it notes the stock has not fallen as much as others and the uptrend remains intact above moving averages, though liquidity is low. It provides expected price targets and resistance/support levels for the stock. Definitions of technical analysis terms like candlesticks, support, and simple moving average are also included.
QNBFS Daily Market Report October 04, 2023QNB Group
The QE Index rose 0.2% to close at 10,273.3. Gains were led by the Transportation and Consumer Goods & Services indices, gaining 1.7% and 0.1%, respectively.
QNBFS Daily Technical Trader Qatar - October 04, 2023 التحليل الفني اليومي لب...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 28, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 24, 2023QNB Group
- The QE Index in Qatar rose 0.3% led by gains in the Transportation and Industrials indices. Qatar Navigation and Al Khaleej Takaful Insurance were the top gainers.
- Regional markets were mixed with Saudi Arabia down 1% but Abu Dhabi up marginally. Economic data from the US and Europe was mixed.
- In Qatar news, QR500mn in bills were sold at a yield of 5.755% and Gulf International Services approved final merger agreements. Ooredoo also signed an MoU to support businesses in Qatar free zones.
QNBFS Daily Technical Trader Qatar - September 24, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Technical Trader Qatar - September 19, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to sustain its breakout above the double-bottom formation’s neckline and continued with its decline into the formation’s territory.
QNBFS Daily Market Report September 17, 2023QNB Group
The QE Index declined 0.5% to close at 10,319.3. Losses were led by the Industrials and Consumer Goods & Services indices, falling 1.4% and 1.1%, respectively.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...QNB Group
The General Index failed to
sustain its breakout above the
double-bottom formation’s
neckline and continued with
its decline into the
formation’s territory.
QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
Final press release saturday feb 24 final english
1. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
Institute of International Finance holds annual meeting of Middle Eastern
and North African banks’ CEOs
This year’s annual meeting of Middle Eastern and North African bank chief executive officers – the
16th such gathering – concluded today in Doha, capital city of Qatar. Organized by the Institute of
International Finance and hosted by the Qatar National Bank, the event was attended by around 100
top executives of the region’s banks and other financial services’ firms, as well as senior
representatives of global firms active in the MENA Region. The two-day event was designed, as in
previous years, to facilitate networking and the exchange of views on the challenges facing financial
institutions in the region, within the context of regional political turmoil and a sluggish global
economy.
Introducing the conference, Mr. Tim Adams, Managing Director of the IIF, welcomed delegates by
emphasizing the region’s growing economic importance. He said: “I am delighted to be here in Doha
and to participate in this vital forum, which over the years has provided such an excellent venue for
interaction between the MENA Region’s financial leaders. I thank QNB Group for its generosity in
hosting us. As the mature economies make their way to a full recovery, and as Europe builds a more
stable monetary union, it is the emerging economies that will fuel global growth in the future. The oil
exporting countries of this region will play a crucial role in this process.”
Mr. Ali Shareef Al Emadi, the CEO of QNB Group welcomed the opportunity to partner with the IIF in
organizing the conference. “We are proud of our longstanding and constructive relationship with the
IIF as the premier global financial services organization,” he said, adding, “and we look forward to our
further future co-operation. It has been a pleasure to welcome my colleagues, the CEOs and senior
officers from financial institutions across the MENA region. I trust that this meeting provided the
opportunity for all of us to reflect on the challenges as well as opportunities facing our institutions.”
At a formal dinner on the first evening of the conference, Mr. Ibrahim Dabdoub, Group CEO of the
National Bank of Kuwait and Dean of the IIF Board of Directors, welcomed the participants and read
the keynote speech due to have been delivered by Dr. Josef Ackermann, Chairman of the Board of
Directors of Zurich Insurance Group and former Chairman of the IIF Board of Directors. Dr.
Ackermann was unfortunately unable to attend in person, but his insightful and lucid analysis of the
Euro area debt crisis gave the conference much to ponder. The dinner was attended by, among
others, His Excellency Yousef Kamal, Qatar’s Minister of Finance and Economy and His Excellency
Sheikh Abdulla Bin Saud Al-Thani, Governor of Qatar Central Bank.
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 1
2. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
3. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
4. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
5. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2