Doha Bank ties up with Ooredoo Money to promote fintech landscape in Qatar
Doha: Doha Bank and Ooredoo Money, provided by Ooredoo Fintech - a subsidiary of Ooredoo- have signed a Memorandum of Understanding (MoU) to collaborate on a variety of initiatives aimed at promoting the fintech landscape in Qatar through Ooredoo Money.
This strategic partnership was announced during the prestigious Web Summit Qatar 2025.
The MoU outlines a framework for cooperation between the two organisations to develop and implement innovative fintech solutions that will enhance digital banking services and financial inclusion in the country. The collaboration will focus on leveraging advanced technologies to provide seamless and secure financial services to customers.
Doha Bank Group CEO Sheikh Abdulrahman bin Fahad bin Faisal Al Thani said, 'Our partnership with Ooredoo Money marks a significant step towards fostering innovation in the financial services industry. By working together, we aim to create a robust fintech ecosystem that supports the digital transformation of banking services in Qatar.'
Chairman of Ooredoo Financial service and CEO of Ooredoo Qatar Sheikh Ali Bin Jabor Al Thani said, 'We are excited to partner with Doha Bank to drive the growth of the fintech sector in Qatar. This collaboration will enable us to combine our expertise and resources to deliver cutting-edge financial solutions that meet the evolving needs of our customers.
'We are thrilled to embark on this partnership with Doha Bank, which will help us accelerate the growth of fintech in Qatar. By combining our technological expertise and commitment to innovation, we aim to enhance financial inclusion and provide Qatar's businesses and consumers with advanced, secure, and convenient financial services.'
This collaboration reinforces Ooredoo Fintech's mission to shape the future of digital banking in the region. The partnership between Doha Bank and Ooredoo Money is expected to pave the way for new opportunities in the fintech space, benefiting both consumers and businesses.
The two organisations are committed to driving financial innovation and contributing to the overall economic development of Qatar.
© Copyright Qatar Tribune. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
3 days ago
- Zawya
Qatar: QSE edges lower as foreign funds square off position; M-cap melts $527mln
Qatar - The telecom, consumer goods and insurance counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.56% to 10,558.34 points, although it touched an intraday high of 10,603 points. Ahead of the Eid holidays, the Qatar Stock Exchange (QSE) on Wednesday lost about 60 points, as foreign institutions squared off their position. The telecom, consumer goods and insurance counters witnessed higher than average selling pressure as the 20-stock Qatar Index shed 0.56% to 10,558.34 points, although it touched an intraday high of 10,603 points. The Gulf institutions were seen net profit takers in the main market, which registered 0.12% losses year-to-date. About 64% of the traded constituents were in the red in the main bourse, whose capitalisation melted QR1.92bn or 0.31% to QR624.37bn mainly on account of small and microcap segments. The foreign retail investors turned bearish in the main market, which saw as many as 9,476 exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.04mn trade across five deals. The domestic institutions' weakened net buying had its influence on the main bourse, whose trade turnover and volumes were on the rise. The Islamic index was seen declining faster than the other indices of the main market, which saw no trading of treasury bills. However, the local retail investors turned bullish in the main bourse, which saw no trading of sovereign bonds. The Total Return Index shed 0.56%, the All Islamic Index 0.74% and the All Share Index 0.47% in the main market. The telecom sector index tanked 1.6%, consumer goods and services (0.77%), insurance (0.64%), real estate (0.55%), banks and financial services (0.52%) and industrials (0.16%); while transport gained 0.26%. Major shakers in the main market included Mannai Corporation, Commercial Bank, Vodafone Qatar, Woqod, QIIB, AlRayan Bank, Salam International Investment, Widam Food, Al Faleh Educational Holding, Mesaieed Petrochemical Holding, Qamco, Barwa and Ooredoo. Nevertheless, Meeza, Ezdan, Al Meera, Gulf International Services, Dlala and Nakilat were among the movers in the main bourse. The foreign institutions turned net sellers to the tune of QR55.13mn compared with net buyers of QR12.61mn the previous day. The Gulf institutions were net profit takers to the extent of QR1.62mn against net buyers of QR6.83mn on Tuesday. The foreign retail investors turned net sellers to the tune of QR0.37mn compared with net buyers of QR1.64mn on June 3. The domestic institutions' net buying weakened marginally to QR14.51mn against QR15.53mn the previous day. However, the local individuals turned net buyers to the tune of QR36.06mn compared with net sellers of QR33.75mn on Tuesday. The Gulf individual investors' net buying strengthened significantly to QR3.46mn against QR0.99mn on June 3. The Arab retail investors were net buyers to the extent of QR3.09mn compared with net sellers of QR4.16mn the previous day. The Arab institutions had no major net exposure against net buyers to the tune of QR0.32mn on Tuesday. The main market saw a 15% jump in trade volumes to 211.05mn shares, 13% in value to QR494.25mn and 84% in deals to 40,999; while there was no trading in the venture market. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
5 days ago
- Zawya
Qatar: QSE gains on local retail investors' buying support; M-cap adds $521mln
Qatar - The banks, telecom and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.37% to 10,501.25 points, recovering from an intraday low of 10,490 points. The Qatar Stock Exchange on Sunday opened the week on a stronger note with its key index gaining more than 38 points in index and capitalisation adding about QR2bn. The banks, telecom and industrials counters witnessed higher than average demand as the 20-stock Qatar Index rose 0.37% to 10,501.25 points, recovering from an intraday low of 10,490 points. The local retail investors were seen increasingly bullish in the main market, whose year-to-date losses narrowed to 0.66%. The foreign institutions' weakened net selling had its influence on the main bourse, whose capitalisation added QR1.9bn or 0.31% to QR621.93bn mainly on account of midcap segments. The domestic funds continued to be net buyers but with lesser intensity in the main market, which saw as many as 0.01mn exchange traded funds (sponsored by AlRayan Bank and Doha Bank) valued at QR0.04mn trade across eight deals. The Arab individuals turned net profit takers in the main bourse, whose trade turnover and volumes were on the decline. The Islamic index was seen gaining slower than the other indices of the main market, which saw no trading of treasury bills. The Gulf institutions turned net sellers, albeit at lower levels, in the main bourse, which saw no trading of sovereign bonds. The Total Return Index rose 0.37%, the All Islamic Index by 0.3% and the All Share Index by 0.33% in the main market. The banks and financial services sector index gained 0.71%, telecom (0.4%), industrials (0.39%) and transport (0.26%); while real estate declined 2.08%, consumer goods and services (0.97%) and insurance (0.91%). Major movers in the main market included Qatar Islamic Insurance, Milaha, QNB, Vodafone Qatar, Dukhan Bank, QNB and Industries Qatar. Nevertheless, about 59% of the traded constituents were in the red with major losers in the main bourse being Barwa, Qatar German Medical Devices, Lesha Bank, Dlala, Widam Food, Alijarah Holding, Salam International Investment, Woqod, Baladna, Al Faleh Educational Holding, Al Mahhar Holding, Qatari Investors Group, Qatar National Cement, Gulf International Services, Qatar Insurance and Ezdan. In the venture market, Techno Q saw its shares depreciate in value. The local individual investors' net buying increased substantially to QR14.38mn compared to QR1.8mn last Thursday. The foreign institutions' net selling decreased considerably to QR19.25mn against QR215.72mn the previous trading day. The Gulf retail investors' net profit booking shrank noticeably to QR0.91mn compared to QR3.32mn on May 29. However, the Arab individuals turned net sellers to the tune of QR2.11mn against net buyers of QR11.08mn last Thursday. The Gulf funds were net sellers to the extent of QR0.16mn compared with net buyers of QR0.23mn the previous trading day. The domestic institutions' net buying weakened drastically to QR5.98mn against QR201.69mn on May 29. The foreign individual investors' net buying decreased notably to QR2.06mn compared to QR4.2mn last Thursday. The Arab institutions' net buying eased marginally to QR0.01mn against QR0.03mn the previous trading day. The main market saw a 54% plunge in trade volumes to 142.5mn shares, 78% in value to QR316.13mn and 48% in deals to 15,745. In the venture market, as many as 4,735 equities valued at mere QR0.01mn changed hands across four transactions. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Zawya
22-05-2025
- Zawya
Doha Bank to partner with Blackstone in providing private capital strategies to investors in Qatar
Doha, Qatar: Doha Bank announced that it is exploring opportunities with Blackstone to provide investors in Qatar with access to Blackstone's suite of institutional-quality perpetual strategies for qualified investors across Private Equity, Real Estate, Private Credit, Multi-asset Credit, and Infrastructure. Blackstone is the world's largest alternative asset management firm with nearly $1.2 trillion in assets under management, and a successful track record of nearly 40 years investing in private markets. Furthermore, the collaboration would represent a significant advancement in the accessibility of private markets investing for investors in Qatar. Doha Bank Group CEO, Sheikh Abdulrahman bin Fahad bin Faisal Al-Thani said: 'This initiative with Blackstone, the global leader in private markets, is a significant milestone for Doha Bank as we continue to innovate and expand our offerings to meet the evolving needs of our clients. By leveraging Blackstone's extensive global expertise and diverse investment platforms, we are poised to provide our clients with unparalleled access to private market solutions, underscoring our broader commitment to contribute to the financial well-being of our clients and the communities we serve.' © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
