Latest news with #CBQ
Qatar Tribune
28-06-2025
- Business
- Qatar Tribune
Commercial Bank successfully issues QR 500 mn bonds
TRIBUNE NEWS NETWORK doha The Commercial Bank P.S.Q.C., rated A2 by Moody's, A- by S&P and A by Fitch with stable outlook, successfully issued a 3-year tenor, QAR 500 million Senior-Unsecured Bonds with a coupon of 4.90%. The Bonds were issued under its EMTN programme and are listed on the Euronext Dublin. The successful completion of this transaction underscores the robustness of the Qatari economy and CBQ's strong credit fundamentals. The issuance is the largest local currency bond issuance to date by a Financial Institution in Qatar, reaffirming CBQ's standing as a leading financial institution in the region with strong presence in the domestic and international capital markets. DBS Bank and Standard Chartered Bank acted as the Joint Lead Managers to the issuances. Joseph Abraham, Group Chief Executive Officer of Commercial Bank said: 'This initiative reaffirms Commercial Bank's leadership in bringing new instruments to our local and international institutional and retail investor bases. The strong investor response reaffirms the confidence in the Bank and the State of Qatar and credit ratings reflect our proactivity in risk management and robust liquidity; both of which are integral to executing our corporate strategic vision.'
Qatar Tribune
12-06-2025
- Business
- Qatar Tribune
Banking stocks lift market sentiment as QSE makes weekly gain post Eid break
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) ended the Eid-break-shortened trading week on a positive note, with the benchmark index gaining 68.16 points, or 0.6 percent, to close at 10,626.50 points. The weekly performance was supported by notable gains in leading banking stocks, helping offset declines in other sectors. Market capitalisation edged up by 0.4 percent during the week to reach QR627.1 billion compared to QR624.4 billion in the previous week. Out of the 53 listed companies, 24 closed higher, 27 ended lower, and two remained unchanged. The main drivers of the weekly index performance were Qatar Islamic Bank (QIB), Commercial Bank (CBQ), and QNB Group (QNB), which together contributed over 58 index points. QIB led the contribution with 23.06 points, followed by CBQ with 18.82 points and QNB with 16.67 points. Damaan Islamic Insurance Company emerged as the top gainer for the week, rising 3.4 percent, while Gulf International Services (GIS) was the worst performer, dropping by 2.8 percent. Trading activity declined during the shortened week. Total traded value dropped 14.1 percent to QR1.4 billion from QR1.63 billion in the previous week. Similarly, traded volume fell by 8.2 percent to 626.5 million shares, while the number of transactions plunged by 31percent to 73,657 points. Industries Qatar (IQ) was the most actively traded stock by value with QR91 million in trades, while Ezdan Holding Group (ERES) topped the volume chart with 63.5 millionshares traded. Foreign institutional investors turned net buyers during the week with QR119.2 million in net purchases, a sharp turnaround from the previous week's net selling of QR85.4 million. However, Qatari institutions shifted to net selling at QR6.2 million, down from net buying of QR57.7 million a week earlier. Foreign retail investors recorded net selling of QR43.3 million, while Qatari retail investors also turned bearish, offloading QR69.8 million worth of shares. On a year-to-date basis, global foreign institutions remain net sellers of Qatari equities to the tune of $238.6 million, while GCC institutions are net short by$26.4 million. In a statement to Qatar News Agency (QNA), Investment Manager at Qatar Securities Company Ramzi Qasmieh said that the QSE Index has posted a modest gain of 0.52 Qatar year-to-date. He attributed the upward momentum to strong performances in the telecommunications and transportation sectors, which have surged 19.2 percent and 12.7 percent respectively so far in 2025. Qasmieh noted that despite a slight decline in the index during Thursday's session, QSE outperformed several neighboring markets. He observed an improvement in liquidity in the three post-Eid sessions, with average daily turnover reaching approximately QR467 million. Foreign institutional portfolios were seen targetingblue-chip stocks. He also highlighted the market's anticipation of the FTSE index review implementation next week, which is expected to boost trading activity. Several stocks, including Nakilat, Commercial Bank, Doha Bank, and Medicare, have reached their highest levels in over a year, with Nakilat achieving its highest price innearly 19 years. From a sectoral perspective, the transportation sector registered a weekly gain of 0.22 percent, while the real estate sector saw the biggest decline at 1.55 percent. With foreign interest returning to key stocks and several companies showing strong upward momentum, the QSE appears poised for further movement ahead of the FTSE rebalancing. Continued focus on institutional buying trends and liquidity levels will be crucial indicators in the weeks ahead.
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Qatar Living
26-05-2025
- Business
- Qatar Living
How I Found the Easiest Way to Send Money Home from Qatar
When I first arrived in Qatar, like many expats, one of my immediate concerns was figuring out the best way to send money back home. With so many options like banks, exchange houses, and various transfer services—it can get overwhelming. But for me, it boiled down to two key priorities: convenience and cost. I didn't want to spend my time standing in long queues or filling out paperwork. And let's face it, getting a good exchange rate can make a real difference with every Riyal sent back home. So I started digging into the options available—and that's when I stumbled upon something that pleasantly surprised me. While browsing through different digital services, one service that really caught my eye was iPay, Vodafone's powered money transfer & payments App. Since I was already using Vodafone as my telecom provider, I thought, why not give it a try? What immediately gave me confidence was knowing that a reputable brand like Vodafone was behind the service. That assurance of safety and reliability really mattered to me. Setting up the iPay App was a breeze—I just needed my QID and a smartphone. Within no time, I was registered and ready to explore. What happened next genuinely impressed me. I checked the exchange rate on iPay, and just to be sure, I compared it with rates offered by a few exchange houses and other platforms. To my delight, iPay was offering the best rates of the day. Another big plus? The transfer limits are quite generous—up to 25,000 Qatari Riyals, which is much higher than what some other services allow. And funding the transfer was super flexible: I could use my debit card, CBQ ATMs, Vodafone self-service machines, or even visit a Vodafone store to top up. But of course, I chose the debit card as I was too lazy to leave home for something that can be done from the comfort of my couch. I was so excited to find something that finally made sending money feel effortless and smart. No lines, no hidden fees, and the best rates I could find—all from the comfort of my home. If you're new to Qatar and looking for a simple, secure, and cost-effective way to support your loved ones back home, I genuinely recommend giving iPay a try. It's a game-changer—and I'm glad I found it. You can visit for more information or download the App from App Store or Google Store to register instantly. Click here to download the iPay app. --- Make sure to check out our social media to keep track of the latest content. Instagram - @qatarliving X - @qatarliving Facebook - Qatar Living YouTube - qatarlivingofficial
