Latest news with #AbdullahMubarakAlKhalifa
Time of India
07-05-2025
- Business
- Time of India
QNB Becomes First MEA Bank to Open Branch in India's GIFT City
QNB, the largest financial institution in the Middle East and Africa ( MEA ), has become the first bank from the region to open a branch in India 's GIFT City , Gujarat's premier international financial hub and special economic zone.'India's banking sector is on a strong growth trajectory, underpinned by robust economic fundamentals,' said Abdullah Mubarak Al Khalifa, CEO of QNB Group . 'With improving asset quality and solid operational performance, this is an ideal time for QNB to expand its footprint. India offers long-term growth potential for our wholesale banking business, complemented by QNB's global reach and expertise.'The bank's GIFT City branch plans to support Indian corporates seeking global banking partners to drive their expansion.'India is among the world's fastest-growing major economies and is poised to become a global manufacturing and supply chain hub,' said Ali Darwish, Senior Executive Vice President of International Business at QNB foreign exchange reserves exceeding $650 billion, India ranks among the top players globally. The lenders GIFT City branch will also offer multi-currency product international network, spans 28 markets across three continents.'QNB's expansion in India through the GIFT City branch allows us to offer a comprehensive range of liability and credit-focused products,' said Gaurav Gupta , CEO of QNB India . 'We are equipped to support both onshore and offshore clients with their foreign currency funding needs.'QNB first entered India in 2017 and has since rapidly expanded to serve the international banking needs of Indian corporates and institutions. QNB India operates as a Scheduled Commercial Bank , offering full-fledged banking services nationwide, with a focus on structured trade credit solutions.
Zawya
07-05-2025
- Business
- Zawya
QNB becomes the first bank in Middle East & Africa to open a branch in India's GIFT City
DOHA, Qatar/PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA), has become the first bank from the MEA region to open a branch in GIFT City in Gujarat, India's first international financial centre & special economic zone. Commenting on the launch of the new branch, Mr. Abdullah Mubarak Al Khalifa, CEO of QNB Group, said: "India's banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB's global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long term growth opportunities for wholesale banking." Mr. Ali Darwish, Senior Executive Vice President of International Business at QNB Group, said: "India is one of the world's fastest growing large economies and on track to become a major global supply chain and manufacturing hub. India's foreign exchange reserves exceed USD 650 Billion, ranking amongst the world's largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition." "The GIFT branch will strengthen QNB's extensive regional & international network in 28 markets across 3 continents," he added. "QNB is expanding its presence in India & the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore in India as well as offshore with their funding requirements in foreign currency," said Mr. Gaurav Gupta, CEO of Qatar National Bank in India. QNB established its first bank branch in India in 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade & working capital financing as well as long tenor loans for bespoke end uses. Photo - Logo - Contact: prteam@ SOURCE QNB Group
Yahoo
07-05-2025
- Business
- Yahoo
QNB becomes the first bank in Middle East & Africa to open a branch in India's GIFT City
DOHA, Qatar, May 7, 2025 /PRNewswire/ -- QNB, the largest financial institution in the Middle East and Africa (MEA), has become the first bank from the MEA region to open a branch in GIFT City in Gujarat, India's first international financial centre & special economic zone. QNB becomes the first bank in Middle East & Africa to open a branch in India's GIFT City Commenting on the launch of the new branch, Mr. Abdullah Mubarak Al Khalifa, CEO of QNB Group, said: "India's banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB's global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long term growth opportunities for wholesale banking." Mr. Ali Darwish, Senior Executive Vice President of International Business at QNB Group, said: "India is one of the world's fastest growing large economies and on track to become a major global supply chain and manufacturing hub. India's foreign exchange reserves exceed USD 650 Billion, ranking amongst the world's largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition." "The GIFT branch will strengthen QNB's extensive regional & international network in 28 markets across 3 continents," he added. "QNB is expanding its presence in India & the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore in India as well as offshore with their funding requirements in foreign currency," said Mr. Gaurav Gupta, CEO of Qatar National Bank in India. QNB established its first bank branch in India in 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade & working capital financing as well as long tenor loans for bespoke end uses. Photo - Logo - Contact: prteam@ Cision View original content to download multimedia: SOURCE QNB Group
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
QNB first bank from MEA to open branch in India's GIFT City
Tribune News Network Doha QNB, the largest financial institution in the Middle East and Africa (MEA), has become the first bank from the MEA region to open a branch in GIFT City in Gujarat, India's first international financial centre & special economic zone. Commenting on the launch of the new branch, QNB Group CEO Abdullah Mubarak Al Khalifa said, 'India's banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB's global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long term growth opportunities for wholesale banking.' Senior Executive Vice President of International Business at QNB Group Ali Darwish said, 'India is one of the world's fastest growing large economies and on track to become a major global supply chain and manufacturing hub. India's foreign exchange reserves exceed $650 billion, ranking amongst the world's largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition.' 'The GIFT branch will strengthen QNB's extensive regional & international network in 28 markets across 3 continents,' he added. 'QNB is expanding its presence in India and the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore in India as well as offshore with their funding requirements in foreign currency,' said Gaurav Gupta, CEO of Qatar National Bank in India. QNB established its first bank branch in India in 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade and working capital financing as well as long tenor loans for bespokeend uses.
Qatar Tribune
06-05-2025
- Business
- Qatar Tribune
QNB becomes first bank in region to open branch in India's GIFT City
DOHA: QNB Group (QSC) has announced that it has become the first bank from the MEA region to open a branch in GIFT City in Gujarat, India's first international financial center and special economic zone. Commenting on the launch of the new branch, CEO of QNB Group, Abdullah Mubarak Al Khalifa said, "India's banking sector is poised for rapid growth on the strength of robust economic growth prospects, and banks have demonstrated strong operational performance along with improving asset quality. With the opening of the GIFT City branch, QNB is expanding its footprint at an opportune time when Indian corporates are seeking strong banking partners for supporting their growth plans. Combined with QNB's global outreach and expertise, as well as its pioneering role in shaping the international financial landscape, India presents long term growth opportunities for wholesale banking." Senior Executive Vice President of International Business at QNB Group, Ali Darwish, said, "India is one of the world's fastest growing large economies and on track to become a major global supply chain and manufacturing hub. India's foreign exchange reserves exceed $650 billion, ranking amongst the world's largest. With the new branch in GIFT, QNB has enhanced its product suite with a multi-currency proposition." "The GIFT branch will strengthen QNB's extensive regional and international network in 28 markets across three continents," he added. CEO of Qatar National Bank in India, Gaurav Gupta said, "QNB is expanding its presence in India and the new branch in GIFT offers a wide range of liability as well as credit focused products. The branch will support customers located onshore in India as well as offshore with their funding requirements in foreign currency." QNB established its first bank branch in India in 2017, which has grown rapidly to support international banking requirements of Indian corporate and institutional clients. QNB India is a Scheduled Commercial Bank providing full-fledged banking services across the country. QNB India focuses on credit solutions for structured trade and working capital financing as well as long-tenor loans for bespoke end uses.
