Latest news with #AlAnsari
Zawya
3 days ago
- Business
- Zawya
Al Ansari Financial Services launches business solutions centre in India to accelerate innovation
Dubai, UAE – Al Ansari Financial Services PJSC (DFM: ALANSARI) (the 'Group'), the largest non-banking financial services provider in the GCC, announced today the opening of Al Ansari Financial Services Solutions Private Limited (AAFS Solutions), its new business solutions centre in Hyderabad, India. Strategically located, the centre will serve as a business solutions hub for the Group, aimed at enhancing efficiency, productivity and cost-effectiveness. The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey. 'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.' 'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.' The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network. A Platform for Future Growth In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth. For further information, please contact: Orient Planet Group (OPG) Email: media@ Website:
Qatar Tribune
23-05-2025
- Politics
- Qatar Tribune
MoFA spokesperson highlights Qatar's pivotal role in mediation at Brussels panel discussion
BRUSSELS: Advisor to the Prime Minister and Spokesperson for the Ministry of Foreign Affairs (MoFA) Dr Majed bin Mohammed Al Ansari participated in Brussels in a panel discussion titled 'Qatar's Role in the International Mediation', organised by the Embassy of Qatar in the Kingdom of Belgium and the Royal Institute for International Relations (Egmont). During his remarks, Dr Al Ansari highlighted Qatar's pivotal role in mediation, built on more than 25 years of experience in facilitating dialogue and achieving peace in conflict zones. He explained that effective mediation requires a flexible approach that helps address challenges and paves the way for conflict resolution. Qatar's vision for mediation is centered on integrating political efforts with humanitarian work, based on the firm belief that alleviating civilian suffering is a fundamental gateway to lasting peace. Dr Al Ansari emphasized concrete examples that reflect this approach, citing Qatar's mediation efforts in Afghanistan, successful humanitarian initiatives to reunite groups of children with their families, and ongoing efforts to address the humanitarian consequences of the Russia-Ukraine crisis. DrAl Ansari acknowledged the challenges facing mediation, including the intertwined regional and international dimensions of conflicts, and the rise of media and political campaigns questioning the effectiveness and neutrality of mediation. He affirmed that the State of Qatar adheres to a mediation strategy based on tactical neutrality and strategic engagement, supported by strong international partnerships and a constant commitment to peace processes. Qatar also shares its expertise to develop fair and inclusive mediation models. The session was attended by Ambassador of the State of Qatar to the Kingdom of Belgium and the Grand Duchy of Luxembourg HE Khalid bin Fahad Al Hajri, Belgian officials, heads of accredited diplomatic missions, and representatives of international organisations and the European Union in Brussels.
Qatar Tribune
15-05-2025
- Politics
- Qatar Tribune
‘US president's Qatar visit further streamlines Gaza mediation efforts'
QNA Doha The US President Donald Trump's visit to Qatar seeks to further bolster the bilateral strategic partnership amid regional and international developments that require close coordination between both sides, Advisor to the Prime Minister and Official Spokesperson for the Ministry of Foreign Affairs (MoFA) Dr. Majed bin Mohammed Al Ansari said. Talking to Qatar News Agency (QNA), Al Ansari said the US president's visit demonstrates Qatar's key regional and international efforts across a variety of issues, including regional security, energy, and mediation to resolve disputes through peaceful means and diplomatic channels, and highlights the two sides' keenness to reinforce frameworks for dialogue and joint cooperation. The visit agenda will most likely include talks on security and defence cooperation, the Palestinian cause and the Gaza Strip developments, and economic and investment partnerships, he said. Al Ansari voiced hopes that the visit would further advance the joint Qatari-US-Egyptian mediation efforts regarding the situation in the Gaza Strip. He reiterated that enhancing coordination with international partners, especially the United States, is key to helping diplomatic efforts to establish a ceasefire, streamline humanitarian aid access, and ensure the protection of civilians. Al Ansari noted that the State of Qatar is committed to its humanitarian and diplomatic role and continues to work with all parties to achieve a comprehensive and sustainable truce, ensuring the alleviation of the suffering of the Palestinian people in the Gaza Strip. He added that the US President's visit is an important opportunity to unify efforts and increase international pressure to end the escalation and prepare the conditions for resuming the political process. Al Ansari added that Qatari-US relations represent a successful model of strategic cooperation, as both sides contribute to supporting efforts to achieve calm and peace through joint cooperation and coordination on numerous regional and international issues. This reflects the level of mutual trust and ongoing cooperation between the two countries to achieve global and regional stability. He indicated that the partnership between the State of Qatar and the United States has proven its ability to positively influence the situation through close cooperation within the framework of joint mediation, in addition to ongoing efforts to reach a ceasefire agreement in Gaza, conclude a hostage exchange deal, and end the war. He also explained that the State of Qatar and the United States cooperated closely on the Afghan issue, and this cooperation resulted in significant success in the evacuation operations of approximately 120,000 people. Al Ansari noted that Qatari mediation, in coordination with the United States, played a prominent role in reaching the peace agreement between the United States and the Taliban, signed in Doha in 2020. Highlighting the humanitarian aspect of bilateral relations, he said both sides have collaborated across the spheres of relief, development, education, and health, through partnerships with international organizations, United Nations agencies, and charitable institutions. The two countries share a common vision on the importance of supporting people affected by crises and disasters, he added, highlighting their cooperation to address humanitarian crises around the world and provide aid to communities suffering from conflict, based on established principles of respect for human dignity. Al Ansari added that these values are clearly demonstrated in the close cooperation between the two countries, alongside the Arab Republic of Egypt, through joint mediation aimed at halting the ongoing war on the Gaza Strip, reaching a ceasefire agreement, exchanging hostages, and delivering aid, despite significant challenges. This joint humanitarian role also reflects the depth of the strategic partnership and mutual trust between the two countries, and their commitment to achieving regional and international stability. He added that the State of Qatar can play a pivotal multi-area role in supporting the US' efforts for regional and global peace and stability. He pointed out that the State of Qatar possesses extensive experience in mediation and has successfully mediated a number of regional and international conflicts, making it a reliable partner for the US in facilitating dialogue and building bridges of trust with various parties.
14-05-2025
- Business
Al Ansari Financial Services Posts 10% Profit Rise as Digital and Regional Expansion Gains Pace
Al Ansari Financial Services PJSC has delivered a strong performance in Q1 2025, reporting a 10 percent year-on-year rise in net profit to AED109 million, driven by higher operating income and strong growth in digital and regional operations. Operating income climbed 7 percent to AED294 million, while EBITDA rose 13 percent to AED138 million, maintaining a healthy EBITDA margin of 46.8 percent. The company also saw a modest 1 percent increase in total transactions, reaching 12.5 million in the first quarter. Growth was especially notable in digital channels, which recorded a 16 percent rise in transaction volume and now account for nearly a quarter of all outward remittances. Banknote transaction values rose 6 percent to AED22 billion, and salary disbursals through the Wage Protection System surged 27 percent to 2.5 million. Group CEO Rashed A. Al Ansari credited the results to disciplined execution and a sharp focus on customer experience, despite a challenging geopolitical and competitive landscape. Deputy Group CEO Mohammad Bitar highlighted the completion of the BFC acquisition as a key milestone in the company's regional growth strategy. He also announced the launch of a new digital wallet, which is expected to reshape how customers manage their finances and further solidify Al Ansari's position in the fintech space. The Q1 results reflect the company's continued emphasis on digital innovation and regional expansion, setting a positive tone for the rest of the year. News Source: Emirates News Agency
Zawya
14-05-2025
- Business
- Zawya
Al Ansari's net profit after tax surges to $29.70mln
DUBAI - Al Ansari Financial Services PJSC has reported solid first-quarter results for 2025, with a 7 percent year-on-year (YoY) increase in operating income to AED294 million. Net profit after tax rose 10 percent YoY to AED109 million, up from AED98.7 million in the same period last year. EBITDA climbed 13 percent YoY to AED138 million, with an EBITDA margin of 46.8 percent, driven by higher operating income. The company recorded a 1 percent YoY increase in total transactions, reaching 12.5 million. Banknote transaction value rose 6 percent to AED22 billion, while salary disbursals under the Wage Protection System (WPS) jumped 27 percent to 2.5 million. Digital channels saw a 16 percent YoY rise in transactions, accounting for 24 percent of total outward remittances, reflecting the growing role of digital platforms in the Al Ansari's operations. Commenting on the results, Rashed A. Al Ansari, Group CEO of Al Ansari Financial Services, said, 'Despite ongoing geopolitical challenges and fierce competition, we achieved solid growth across our core segments through disciplined execution and an unwavering focus on customer experience.' Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, said that a key milestone during the first quarter was the closing of the BFC acquisition, which marks a major step forward in Al Ansari's regional growth strategy. He also announced the launch of digital wallet, expected to transform how customers manage their finances and drive innovation in the market.
