Commercial Bank the First in Qatar to Partner with Project Management Institute to Drive Project Excellence in the Region
This collaboration will deliver strategic benefits, strengthening the professional management and execution of projects and portfolios.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Bawaba
9 minutes ago
- Al Bawaba
Gulf Takaful Insurance Company successfully completes capital increase of KWD 7 million
In its capacity as the issuer, Gulf Takaful Insurance Company K.S.C.C. 'GTIC', and the Kuwait Financial Centre 'Markaz', the lead manager and subscription agent, announced in a joint statement the successful completion of GTIC's capital increase, raising a total value of KWD 7 million through the issuance of 70,286,789 ordinary shares at a subscription price of 100 Kuwaiti fils per share, representing 70% of the issued and paid-up capital of the company. The subscription period for the rights issue ran from 10 June to 24 June Mubarak Othman Al-Ayyar, Chief Executive Officer (CEO) at Gulf Takaful Insurance Company, expressed his contentment with the successful subscription process, which reflects the shareholders' confidence in the quality and performance of the also praised the professionalism with which the subscription was managed by Markaz, stating: "The subscription process fulfilled all the necessary regulatory procedures for the issuance of shares. The proceeds from the capital increase will be directed toward enhancing the company's solvency margin in line with prevailing regulatory will also contribute to implementing the company's expansion strategy, supporting its general corporate purposes, continuing the execution of its plans, and strengthening its position in the Takaful Insurance Sector both locally and regionally. We value the active role played by all , the Insurance Regulatory Unit (IRU) officials, the Ministry officials, the Capital Markets Authority and Kuwait Clearing Company team in the successful execution of the capital increase. We also thank team Markaz for managing the subscription process with utmost professionalism, efficiency, and seamless coordination across all stages of the offering." On this occasion, Mr. Ali H. Khalil, Chief Executive Officer at Markaz, stated: 'We are proud at Markaz to have played a pivotal role in the success of the subscription process as the issuance manager and receiving agent. This reflects our ongoing commitment to supporting our clients in achieving their strategic growth goals. We mobilized our extensive expertise in the capital markets sector and our highly skilled teams to ensure the subscription process was carried out in accordance with the highest professional and regulatory standards. We thank Gulf Takaful Insurance Company for their valued trust in Markaz's capabilities to manage the capital increase subscription. This achievement highlights the strength of our partnership and further reinforces our position as a trusted partner in the investment banking sector."
Al Bawaba
3 hours ago
- Al Bawaba
AW Rostamani Group & Chery UAE Allocate AED 225,000 to Cover School Tuitions
Chery UAE, through its official sole distributor AW Rostamani, has launched its Back-to-School campaign, reinforcing its commitment to supporting families with more than just high-quality from August 15th to October 31st, 2025, the campaign will award 9 lucky winners among Chery car buyers an AED 25,000 prize each that will go toward their children's school tuitions through raffle draws held by Chery UAE. A total of nine draws will take place over the three-month Sabbagh, Director of Chery UAE, AW Rostamani Group, emphasized the brand's deeper commitment to its customers: 'At Chery UAE, AW Rostamani Group, we believe innovation should serve people's lives. Our back-to-school campaign reflects our dedication to putting families first, supporting education, and making a positive impact where it matters most. In addition to reliable and intelligent vehicles, we're proud to offer peace of mind, convenience, and life-changing value. This is the Chery way of standing with its customers, on and off the road.' Complementing its back-to-school campaign benefits, Chery UAE, through its official sole distributor AW Rostamani, is also offering 0.99% interest rate for two years, up to 6 years warranty, 2 years of complimentary service, and 1 year of free insurance, in addition to roadside assistance. This package combines innovative automotive offerings with financial facilities and life-enhancing incentives, reinforcing Chery UAE's role as a trusted partner in every family's journey.
Al Bawaba
3 hours ago
- Al Bawaba
Commercial Bank the First in Qatar to Partner with Project Management Institute to Drive Project Excellence in the Region
Commercial Bank, a leader in innovative digital banking solutions, became the first bank in the Middle East and North Africa to sign a strategic partnership with the Project Management Institute (PMI), a global authority in project management dedicated to driving project success, during a ceremony held at the Bank's headquarters in Doha, Qatar, on 18 August partnership enables Commercial Bank to become a PMI Authorized Training Partner (ATP) and establishes a strong foundation to enhance its capability-building programs through the integration of PMI's certifications and memberships, while leveraging PMI's expertise and resources to strengthen internal program and project delivery. It offers unparalleled access to specialized knowledge, advanced tools, and valuable networking opportunities, providing significant benefits for project professionals seeking to advance their careers in the dynamic financial regional leadership represented by Middle East and North Africa's Managing Director, Hanny Alshazly, and Head of Partnerships Sima Qafiti and Head of Markets, Rudolf Khoury, met with Commercial Bank Group CEO, Stephen Moss, EGM, Chief Human Capital Officer, Khalifa al Rayes & Project Lead and ATP Instructor, Ali Altajer. The partnership also seeks to enhance the exchange of best practices and the co-development of case studies and publications. It will foster collaborative efforts to create opportunities for Commercial Bank to reflect its thought leadership at regional and global PMI events, while exploring avenues for PMI's participation in the Bank's own Moss, Group Chief Executive Officer at Commercial Bank, said: 'Commercial Bank is dedicated to setting new benchmarks in professional development, fostering a culture of continuous learning, and driving strategic impact. In line with our vision, we are proud to partner with the Project Management Institute, a globally recognized leader in advancing the project management profession since 1969. This collaboration reflects our continued commitment to excellence and innovation, as we strive to equip our teams with the required skills to achieve operational success.'PMI's Regional Managing Director, Hanny Alshazly said 'As the first bank to become a PMI Authorized Training Partner, CBQ demonstrates a strong commitment to advancing professional capabilities within the financial sector—fully aligned with the Qatar National Vision 2030 for economic diversification and sustainable growth. We are honored to continue our partnership with CBQ, reinforcing our shared dedication to empowering Qatari professionals and driving impact at scale through world-class project management excellence.' This collaboration will deliver strategic benefits, strengthening the professional management and execution of projects and portfolios.
