Latest news with #QNBGroup
Qatar Tribune
a day ago
- Business
- Qatar Tribune
QNB teaches kids sustainability through special art workshop
Tribune News Network Doha In celebration of World Environment Day, QNB's Corporate Social Responsibility team organized a special art workshop for children as part of the Bank's commitment to environmental sustainability and community engagement. The workshop featured a number of activities for children to create sustainable items such as using real tree leaves on canvas and paper. Children also used wooden coasters to learn more about recycling and the importance of repurposing materials. This initiative supports the Bank's sustainability framework by raising awareness about the importance of following environmentally friendly practices. It also aligns with the Group's Environmental, Social and Governance (ESG) policies as well as the Qatar National Vision 2030, to promote responsible practices through community engagement. The Bank arranged an additional workshop for children of its staff delivered by students of GEMS American Academy. The workshop titled 'Planting the roots of tomorrow' educated children on the importance of conserving natural resources and contributing towards a sustainable future. The children were taught how to plant on their own and take care of their plants at home. Commenting on the activities,Heba Ali Al-Tamimi, Senior Executive Vice President - Group Communication in QNB Group said, 'In QNB, we are committed to supporting children in meaningful ways that ultimately serves our communities and the planet, through educational activities that raise awareness and leave a positive impact.' QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market. Present in over 28 countries across Asia, Europe, and Africa, it offers tailored products and services supported by innovation and backed by a team of over 31,000 professionals dedicated to driving banking excellence worldwide.
Yahoo
6 days ago
- Business
- Yahoo
Qatar's QNB installs Diebold cash recycler
QNB, a commercial bank based in Qatar, has implemented the DN Series 500 cash recycler from Diebold Nixdorf. QNB is said to be the first financial institution in the Middle East to install this recycler. The DN Series 500 cash recycler features a dual-tower design powered by two cash engines, which as per the tech vendor offer the highest capacity for cash deposit, recycling, and dispensing available in the market. Protech Solutions, Diebold Nixdorf's licenced partner in Qatar, will oversee the services related to this deployment. The cash recycler allows QNB Group customers to deposit cash bundles of up to 300 notes and up to 30 checks simultaneously, incorporating counterfeit detection technology. Additionally, the cash engines are equipped with sensor technology that monitors the ATM's performance and notifies service technicians of any issues. QNB Group Retail Banking senior executive vice president Adel Al-Malki said: 'The company's innovative DN Vynamic software enables a unique digital experience for all users in line with QNB Group's branding vision. 'The ATM features multi-color privacy side panels and indicators as well as a 19" touchscreen.' The RM4V, Diebold Nixdorf's fourth-generation cash recycling engine, offers scalability with four types of cassettes that can be easily interchanged, accommodating up to 13 different denominations. Diebold Nixdorf Middle East managing director Habib Hanna said: 'We are proud to partner with QNB, one of the region's leading financial institutions, as they continue to enhance customer satisfaction through exceptional service and convenience. 'By adopting Diebold Nixdorf's advanced branch automation solutions, QNB is ensuring an innovative next-generation banking experience across both digital and physical channels, reaffirming their commitment to innovation and customer-centricity.' In December 2024, Diebold Nixdorf installed Microsoft Windows 11 IoT Enterprise LTSC 2024 operating system on operational ATMs. "Qatar's QNB installs Diebold cash recycler" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Qatar Tribune
23-05-2025
- Business
- Qatar Tribune
QSE bull run continues as stocks gain for 6th week in row
Satyendra Pathak Doha The Qatar Stock Exchange (QSE) posted a robust performance this week, with the benchmark QSE Index climbing 199.67 points, or 1.9 percent, to close at 10,774.29 points. The market rally for the sixth consecutive week was supported by gains in key blue-chip stocks and a notable rise in trading activity, reflecting renewed investor confidence. Market capitalisation rose in tandem, increasing by 1.9 percent to reach QR636.5 billion from QR624.6 billion in the previous trading week. Of the 53 companies traded, a significant majority—41 stocks—registered gains, while only 12 ended in the red. Qatar German for Medical Devices (QGMD) emerged as the week's top gainer, soaring 13.2 percent. On the other end of the spectrum, Vodafone Qatar was the worst performing stock, shedding 4.9 percent over the week. Leading the rally were heavyweights Qatar Islamic Bank, Industries Qatar and QNB Group. Qatar Islamic Bank made the largest contribution to the index, adding 76.54 points, followed by Industries Qatar and QNB Group, which contributed 27.25 points and 23.60 points respectively. Trading activity picked up considerably during the week. The total traded value rose by 36.3 percent to QR3,194.1 million from QR2,343.7 million in the prior week. Estithmar Holding was the top value traded stock, with transactions totaling QR247.9 million. In terms of volume, the market saw a 35.9 percent jump, with 1,475.4 million shares changing hands compared to 1,085.3 million shares the previous week. The number of transactions also surged by 37.6 percent, reaching 132,263. Mazaya Real Estate Development topped the volume chart, accounting for 139 million shares. Foreign institutional investors continued to show confidence in Qatari equities, registering net buying of QR184.1 million, though slightly down from QR199.3 million the week before. Meanwhile, Qatari institutions remained on the sell side with net selling of QR63.5 million. Foreign retail investors turned bullish with net buying of QR15.4 million, reversing the prior week's net selling of QR36.8 million. In contrast, Qatari retail investors continued to offload equities, recording net selling of QR136.0 million compared to QR109.4 million in the previous week. Despite the strong weekly performance, global foreign institutions remain net sellers of Qatari equities year-to-date by $149.1 million. Similarly, GCC institutions are net short by $35.9 million YTD. The market's upward trajectory this week, backed by institutional interest and stronger trading volumes, paints a cautiously optimistic picture. However, continued foreign outflows on a year-to-date basis suggest that investor sentiment could remain sensitive to global macroeconomic developments and regional dynamics.
Qatar Tribune
21-05-2025
- Business
- Qatar Tribune
QNB Group sweeps Euromoney Awards 2025, bags 5 accolades
Tribune News Network Doha QNB Group has been recognized with five prestigious accolades at the Euromoney Awards for Excellence 2025, reaffirming its leadership and commitment to the values of innovation and banking excellence. QNB bagged the Middle East's Best Bank for Diversity and Inclusion, Qatar's Best Bank, Qatar's Best Digital Bank, Qatar's Best Bank for ESG and Qatar's Best Investment Bank, awarded to QNB Capital. These accolades highlight QNB's exceptional performance and strategic focus across key areas including sustainability, digital banking, inclusive workplace culture, and investment banking services, on both regional and local levels. The recognitions specifically underscore QNB's dedication to enhancing the digital banking experience through customer-centric services, cutting-edge technologies, and its commitment to delivering new seamless and innovative digital services. It is worth mentioning that QNB Capital, the investment banking arm of QNB Group, has been named 'Best Investment Bank in Qatar', in recognition of its leadership in investment banking, its commitment to excellence, and its role in shaping the financial landscape in Qatar and beyond. The awards are a testament to the Bank's continued commitment to delivering world-class financial services, advancing digital innovation, and upholding its values of inclusivity and sustainability and its leadership across multiple fronts. The Euromoney Awards for Excellence are among the most respected accolades in the global banking industry, recognizing institutions that demonstrate outstanding performance, innovation, and contribution to the development of the financial sector. QNB Group is one of the leading financial institutions in the MEA region and among the most valuable banking brands in the regional market. Present in over 28 countries across Asia, Europe, and Africa, it offers tailored products and services supported by innovation and backed by a team of over 31,000 professionals dedicated to driving banking excellence worldwide.
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.
