Latest news with #QCB
Qatar Tribune
8 hours ago
- Business
- Qatar Tribune
Eid Al Adha holiday from June 5 to 9: Amiri Diwan
QNA Doha On the occasion of Eid Al Adha, the Amiri Diwan announces that the Eid holiday will be as follows: First, ministries, other government entities and public institutions: the Eid holiday starts Thursday, Dhu Al-Hijjah 9, 1446, corresponding to June 5, 2025, and ends Monday, Dhu Al-Hijjah 13, 1446, corresponding to June 9, 2025. Employees will resume work Tuesday, Dhu Al-Hijjah 14, 1446, corresponding to June 10, 2025. Second, Qatar Central Bank (QCB), banks, and financial institutions working under the supervision of QCB and Qatar Financial Markets Authority (QFMA): HE the Governor of Qatar Central Bank determines the start and end date of the holiday.
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
QCB announces availability of Eidiya ATMs at 10 locations
DOHA: Qatar Central Bank (QCB) has announced the availability of Eidiya ATMs at 10 locations across the country from Friday, May 30. The ATMs dispense banknotes of QR5, QR10, QR50 and QR100 denominations. Eidiya ATMs are available at Place Vendome, Mall of Qatar, Al Wakrah Old Souq, Doha Festival City (DFC), Al Hazm Mall, Al Mirqab Mall, West Walk, Al Khor Mall, Al Meera (Muaither) and Al Meera (Al Thumama). QCB's Eidiya ATM service aims to preserve the Qatari culture and heritage by bringing back the traditional practice of Eidi, which is usually money or gift given to children.
Qatar Tribune
3 days ago
- Business
- Qatar Tribune
Eidiya ATMs available at 10 locations from today
Tribune News Network Doha The Qatar Central Bank (QCB) has announced the availability of Eidiya ATMs at 10 locations across the country from Friday, May 30. The ATMs dispense banknotes in QR5, QR10, QR50 and QR100 denominations. Eidiya ATMs are available at Place Vendome, Mall of Qatar, Al Wakrah Old Souq, Doha Festival City (DFC), Al Hazm Mall, Al Mirqab Mall, West Walk, Al Khor Mall, Al Meera (Muaither) and Al Meera (Al Thumama). QCB's Eidiya ATM service aims to preserve the Qatari culture and heritage by bringing back the traditional practice of Eidi, which is usually money or gift given to children.
Zawya
6 days ago
- Business
- Zawya
Qatar's payment system transactions total $3.81bln in April: QCB
Qatar's payment system transactions totalled QR13.9bn through 50.5mn transactions in April, according to the Qatar Central Bank. Majority (58%) of these were through points of sale (PoS), while e-commerce accounted for 26%, QCB data reveal. Instant payment system (Fawran) had a 15% share of the payment system transactions last month while Qatar Mobile Payment represented 1% of the total. PoS transactions totalled QR8.05bn through 40.11mn transactions while e-commerce transactions valued QR3.54bn through 8.95mn transactions in April. Fawran registered 1.3mn transactions totalling QR2.11bn in April. The total number of Fawran registered accounts is 3.03mn. The QCB introduced the National Network System for ATMs and Points of Sale (NAPS), which is the central payment system, in 1996 to facilitate the acceptance of cards transactions (debit cards and prepaid) on ATM, PoS and e-commerce terminals throughout the GCC region and Egypt. Additionally, the system accepts cards issued by the QCB, GCC and Egypt regulated banks. According to the QCB, NAPS is one of the first switches in the region to achieve full (EMV) compliance both as an acquirer and issuer. The system was upgraded in 2023 in line with the latest global standards in cards industry. It is a round-the-clock service, which supports card tokenisation and card-less payments. All banks in Qatar are members of the National Network System for ATMs and Points of Sale. Fawran is considered one of the innovative and advanced services, in line with the third strategy for the financial sector in the country and in continuation of the QCB's efforts to develop the infrastructure of payment systems and keep pace with the latest developments in payment systems and electronic transfer of funds. It is designed in accordance with a system based on the latest technologies and security standards, to maintain the security and confidentiality of the information created by the QCB to enable financial institutions to provide the service to their customers with complete reliability. One of the most prominent advantages provided by the instant payment service is enabling bank customers to send and receive money in the country immediately, and within moments. It will also be available round-the-clock without interruption. Earlier, the QCB noted that the launch of the Fawran is part of the projects it has undertaken to enhance the country's payment system. This initiative plays a significant role in strengthening the financial sector, providing diverse payment options for all segments of society, facilitating payment processes, and reducing reliance on cash, thereby lowering associated costs. © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Qatar Tribune
08-05-2025
- Business
- Qatar Tribune
QCB issues QR 2.9 billion in T bills amid robust investor interest
Tribune News Network Doha The Qatar Central Bank (QCB) successfully concluded its latest treasury bills auction on Thursday, allocating a total of QR2.9 billion against bids amounting to QR10 billion. The auction, which covered various tenors ranging from seven days to 336 days, attracted strong interest from financial institutions, reflecting robust confidence in the Qatari economy and the central bank's monetary instruments. According to QCB, the allocations were spread across seven different maturities. A new issuance of 7-day bills accounted for QR500 million at a yield of 4.610 percent. The highest yield of the auction, 4.618 percent, was offered on the 21-day bills, which were issued through a tap issuance mechanism and also amounted to QR500 million. The 84-day bills, likewise a tap issuance, attracted a yield of 4.556 percent with an allocation of QR500 million. For medium-term tenors, the central bank allocated QR500 million for 175-day bills at a yield of 4.367 percent through a tap issuance. Meanwhile, a new issuance of 273-day bills also garnered QR 500 million, yielding 4.265 percent. The longest tenor in the auction, the 336-day bills, saw a tap issuance of QR400 million at a yield of 4.237 percent—the lowest among all maturities. The yields across tenors suggest a mildly upward-sloping short-term yield curve, particularly in the early durations, followed by a gradual decline for longer maturities. This pattern indicates market expectations of stable or potentially easing interest rates over the coming months. The sizable demand—more than three times the allocated amount—demonstrates the attractiveness of QCB bills as a low-risk investment avenue and highlights the liquidity management needs of Qatari banks and financial institutions. The combination of new and tap issuances also reflects the central bank's agile approach to managing liquidity while supporting price discovery in the money market. QCB's continued issuance of bills at regular intervals plays a critical role in reinforcing monetary stability and anchoring short-term interest rates in line with its broader economic objectives. The success of this auction further underscores the central bank's credibility and the resilience of Qatar's financial system.
