Latest news with #QR
Qatar Tribune
8 hours ago
- Business
- Qatar Tribune
QCB allocates QR1.3 billion in latest treasury bills auction
Tribune News Network Doha The Qatar Central Bank (QCB) announced the successful issuance of treasury bills worth QR1.3 billion on Thursday, July 31, 2025. The auction drew strong demand from banks, with bids totaling QR4.4billion, more than three times theallocated amount. The issuance covered multiple maturities ranging from seven days to 336 days, combining both new and tap issuances. The highest allocation was made in the seven-day tenor, where QR 500 million was issued at a yield of 4.610 percent. In the 28-day tenor, QR200 million was allocated at a yield of 4.611 percent. The 91-day tap issuance saw an allocation of QR200 million at 4.546 percent, while the 189-day tenor carried a similar allocation at 4.461 percent. Longer-dated instruments included a 252-day tap issuance of QR100 million at 4.415 percent and a 336-day tap issuance of QR100 million at 4.365 percent. The yields showed a gradual decline as the maturities extended, reflecting steady investor appetite for QCB's short-term debt instruments and signaling confidence in the stability of monetary conditions. The strong bid-to-cover ratio, with QR4.4 billion in bids against QR1.3 billion in accepted allocations, highlighted the banking sector's appetite for safe central bank securities. The issuance of QCB bills plays a crucial role in the central bank's liquidity management framework, providing short-term investment options for banks while also serving as an important indicator of market interest rates. By maintaining strong demand and stable yields, the latest auction reaffirmed market confidence in Qatar's monetary policy direction. This issuance comes as part of the central bank's ongoing efforts to regulate liquidity, curb inflationary pressures, and ensure the stability of the Qatari riyal, thereby supporting the country's broader economic growth objectives.
Qatar Tribune
a day ago
- Business
- Qatar Tribune
Vodafone Qatar reports 12.1% rise in net profit
Tribune News Network Doha Vodafone Qatar has announced strong financial results for the first half of 2025, with both revenue and profit registering double-digit growth, underscoring the company's sustained momentum and operational efficiency. The company reported a net profit of QR329 million for the six months ended June 30, 2025, reflecting a 12.1 percent year-on-year increase, driven by robust revenue growth coupled with effective cost optimisation measures. Total revenue grew by 10.5 percent year-on-year to QR1.75 billion, supported by continued expansion across all key business segments including mobility, fixed broadband, enterprise solutions, and equipment sales. Service revenue increased by 3.4 percent to QR 1.46 billion, supported by a larger customer base and rising demand for digital services. Vodafone Qatar's EBITDA rose 9 percent to QR 732 million, with an EBITDA margin of 41.8 percent. The company highlighted that the gain was largely driven by higher service revenue and disciplined execution of its cost optimisation programme. The company's mobile customer base expanded to 2.1 million subscribers, marking a 1.6 percent increase compared to the same period last year. Notably, Vodafone Qatar delivered a strong return on equity (ROE) of 12.8 percent (annualised) in H1 2025, up 0.8 percentage points compared to FY 2024, reflecting the company's focus on generating sustainable value for shareholders. The results reaffirm Vodafone Qatar's strengthening position in the telecom and digital services market, supported by ongoing investments in network infrastructure, customer experience, and innovative solutions.
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ILoveQatar.net
a day ago
- Business
- ILoveQatar.net
Savings & Fixed Deposit Interest Rates offered by banks in Qatar [2025]
Looking for a safe way to grow your savings? Whether you're saving for the future or planning a big purchase, this article by the (ILQ) team gives you a quick overview of the latest interest rates offered by banks in Qatar. Note: Interest rates, terms, and conditions mentioned in this article are subject to change at the discretion of the respective banks. Please contact the bank directly before making any financial decisions. Comparison of Fixed Deposit Interest Rates Use the table below to quickly compare minimum deposit requirements and estimated interest rate ranges across leading banks. Choose what suits your financial goals, then scroll down for more details about each bank's offering. Note: These rates are indicative only and may vary depending on the deposit amount, tenure, and bank policies. Bank Minimum Deposit Interest Range (up to QR 999,999) Type of Deposit Commercial Bank QR 20,000 3.25% - 3.50% Fixed Deposit (Time Deposit) QNB QR 20,000 2.80% - 3.15% Fixed Deposit AlRayan Bank QR 10,000 3.50% - 3.57% Fixed Term Deposit Doha Bank QR 25,000 0.85% - 0.90% Fixed Deposit Dukhan Bank QR 50,000 1.10% - 3.85% Fixed Deposit (Time Deposit) Breakdown of Fixed Deposit Interest Rates offered by leading banks across Doha Here's a breakdown of fixed deposit interest rates offered by leading banks across Doha, covering minimum deposit requirements, estimated returns, and key features to help you choose the right option. Commercial Bank of Qatar Interest Rates & Savings Products Commercial Bank offers time deposit accounts with guaranteed returns and flexible tenures, helping you earn high interest on surplus funds while enjoying regular, secure payouts. Flexible Deposit Options Product Minimum Deposit Interest Rate (p.a.) Notes 60 Day Notice QR 10,000 1.35% 60-day notice before withdrawal 31 Day Notice QR 10,000 1.25% 31-day notice before withdrawal Regular Saver QR 500/month (via Standing Order)* 0.50% – 1% Interest paid monthly; no fees; flexible withdrawals *Note: A standing order is when you ask your bank to automatically move money from your main account to your savings account every month. This helps you save regularly without having to do it yourself. Time Deposit Rates (Fixed Deposit) Tenure Minimum Deposit Interest Rate (p.a.) 1 Month QR 20,000 3.25% 3 Months QR 20,000 3.40% 6 Months QR 20,000 3.50% 12 Months QR 20,000 3.50% Features of Commercial Bank flexible and fixed deposit rates: Minimum deposit of QR 10,000 for flexible deposits and QR 20,000 for fixed deposits Competitive interest rates based on deposit amount and tenure Flexible tenures with monthly, quarterly, or semi-annual payouts Available in QR, USD, GBP, and EUR Option to take a loan against your fixed deposit Eligible for individuals and entities Note: The Regular Saver Account allows you to save a fixed amount, starting from QR 500, every month while earning up to 1.00% p.a. interest, paid monthly. It offers complete flexibility with no fixed term, instant access to your money, and is available in Qatari Riyals only. How to apply: Existing customers: Log in to Retail Internet or Mobile Banking Go to Account Services, select Additional Account Opening Select Time Deposit Account / 31 or 60 Days Notice Enter the deposit amount and tenure Submit to open your account New customers: Visit the nearest Commercial Bank branch to open an account and start saving. QNB Savings and Fixed Deposit Interest Rates QNB provides secure savings solutions featuring competitive interest rates and flexible terms designed to meet a variety of financial goals. Choose from options like the Fixed Deposit for steady growth or the E-Saver Account for consistent returns, available in QR, USD, EUR, and GBP. QNB Fixed Deposit Rates Deposit Amount 3 Months 6 Months 9 Months 1 Year 2 Years 3 Years Up to QR 50,000 2.80% 2.85% 2.90% 2.90% 2.75% 2.65% Up to QR 500,000 2.95% 3.00% 3.05% 3.05% 2.90% 2.80% Up to QR 1 million 3.00% 3.05% 3.10% 3.10% 2.95% 2.85% Above QR 1 million 3.05% 3.10% 3.15% 3.15% 3.00% 2.90% Features of QNB Fixed Deposit Rates: Minimum deposit: QR 20,000 Fixed interest rates for the full term duration Flexible payout options: in advance, monthly, quarterly, or at maturity Available in QR, USD, EUR, GBP Can be used as collateral for loans, credit cards, or overdrafts Early withdrawal may lead to revised or no interest AlRayan Bank Shari'ah-Compliant Savings & Investments AlRayan Bank offers Shari'a-compliant savings solutions designed to help customers grow their wealth with peace of mind. Whether you're looking for steady returns through a Term Deposit Account or seeking daily profit accrual with the Al Thahabi High Profit Savings Account, Al Rayan Bank provides flexible and rewarding options tailored to your needs. * Note: Shari'ah-compliant banking products follow Islamic finance principles by avoiding interest (riba) and ensuring investments align with Islamic ethical guidelines. AlRayan Bank Fixed Term Investment Deposit Rates Amount 1 Month 3 Months 6 Months 9 Months 12 Months 10,000 - 250,000 3.50% 3.50% 3.50% 3.50% 3.50% 2,50,001 until 1,000,000 3.50% 3.57% 3.57% 3.57% 3.57% Features of AlRayan Bank Fixed Term Investment Account: Minimum deposit: QR 10,000 Available in QR, USD, EUR, GBP Tenure options: 1 month, 3 months, 6 months, 9 Months, 12 months Quarterly profit distribution How to apply: Existing customers: Log in to AlRayan Internet or Mobile Banking Go to Account Services, Open New Account Select Term Deposit Account, enter the amount and tenure, and submit New customers: Visit your nearest AlRayan Bank branch to open an account ans start saving. Doha Bank Deposit Account & Savings plans Doha Bank offers a variety of deposit solutions designed to grow your savings while ensuring peace of mind. You can choose a one-time investment option that guarantees fixed returns or opt for a recurring savings plan that includes added insurance benefits. Doha Bank Fixed Deposit Interest Rates Amount 1 Month 3 Months 6 Months ≥ 12 Months 25,000 – 249,999 0.85% 0.85% 0.85% 1.00% 250,000 – 999,999 0.90% 0.90% 0.90% 1.00% 1,000,000 – 2,999,999 0.95% 0.95% 0.95% 1.00% 3,000,000 and above 1.00% 1.00% 1.00% 1.00% Features of Doha Bank Fixed Deposit Interest Rates: Minimum QR 25,000 or USD 10,000 Flexible tenures starting from 1 month Auto-renewal facility Available in multiple currencies Loan & overdraft up to 90% of deposit value Competitive interest rates Doha Bank Smart Saver Deposit Interest Rates Deposit Tier 12 Months 24 Months 36 Months 48 Months 60 Months 25,000 – 249,999 3.00% 3.00% 3.00% 3.00% 3.00% 250,000 – 999,999 3.75% 3.75% 3.50% 3.25% 3.25% 1,000,000 – 2,999,999 4.00% 4.00% 3.75% 3.50% 3.50% 3,000,000 – 5,000,000 4.10% 4.10% 3.85% 3.60% 3.60% Features of Doha Bank Smart Saver Deposit Account: Deposit a set amount monthly (minimum QR 1,500 or USD 400) Minimum QR 25,000 or USD 10,000 Earn competitive interest based on tenure and deposit tier Choose from 1 to 5 years (12 to 60 months) Monthly deposits are deducted automatically from your account Accident cover up to QR 300,000 included Available in QR and USD How to apply: Existing Doha Bank customers: Via online banking: Log in and open a Fixed Deposit or Smart Saver account directly Visit a branch: Head to your nearest Doha Bank branch SMS 'FD' or "SSD" to 92610: A bank representative will contact you Call 4445 6000: Speak with a customer service agent to begin the process Request a direct sales agent: Ask for a home or office visit for assistance For new customers: Visit your nearby Doha Bank branch SMS 'FD' or "SSD" to 92610 Call 4445 6000 Fill out an Online Lead Form Dukhan Bank Shari'ah-Compliant Time Deposits If you have a sum of money that you do not need immediate access to and would like to receive assured returns, Dukhan Bank's Fixed Deposits offer low-risk, Shari'ah-compliant investment options. Dukhan Bank Time Deposits Amount 1 Month 3 Months 6 Months 9 Months 12 Months 2 Years Up to 50,000 1.10% 1.15% 1.20% Nil 1.25% 1.50% 50,001 – 1,000,000 3.85% 3.85% 3.75% 3.60% 3.60% NA Features of Dukhan Bank Time Deposit Account: Minimum deposit: QR 50,000 Choose investment tenures from 1 month to 5 years Receive monthly profit payments Shari'ah-compliant investment approved by Dukhan Bank's Shari'ah Supervisory Committee Easy access to funds after maturity through branches, ATMs, or account transfer Make deposits via cash, cheque, or account transfer Regular account statements Manage account via telephone, online, or SMS banking Dedicated Relationship Managers available for Premium Customers How to apply: To open a Fixed Deposit account: Call 800 8555 (24/7 Customer Service Centre) or visit any Dukhan Bank branch Important notes & disclaimers: Interest rates may vary: Banks can change interest or profit rates anytime. The rates shown here might only apply during special offers or for a certain period. Early withdrawal penalties: Withdrawing your funds before maturity can lead to reduced or no interest/profit payments. Always check each bank's early withdrawal policy before investing. Currency risk: If your deposit is in a foreign currency (like USD, GBP, or EUR), changes in exchange rates can affect how much you earn. Minimum deposits & eligibility: Each product has specific minimum deposit amounts and eligibility criteria (individuals or entities). Please verify these details with the bank before applying. Loan against deposits: Some banks allow you to take loans or overdrafts against your deposits. Use this facility responsibly, as borrowing against savings carries financial risks. Shari'ah-Compliant products: These products follow Islamic finance principles, meaning they do not pay conventional interest but provide returns through profit-sharing and ethical investments in compliance with Islamic law. Sources: Customer service calls and official websites of Commercial Bank, QNB, Dukhan Bank, Al Rayan Bank, and Doha Bank.
Business Wire
a day ago
- Business
- Business Wire
Estithmar Holding Reports Record Half-Year Results for 2025
DOHA, Qatar--(BUSINESS WIRE)--Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. announced its financial results for the six-month period ended 30 June 2025, following board approval. The company reported revenue of QAR 3.073 billion, an 87% year-on-year increase. Gross profit soared by 134% to QAR 1.054 billion, while EBITDA rose 97% to QAR 732 million compared to H1 2024. Net profit reached QAR 465 million, up 97% year-on-year, while earnings per share (EPS) doubled, reaching QAR 0.130. While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its 4 sectors in Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan. The company's enhanced operational performance also underpinned an EBITDA of QR 732 million, an increase of 97%, driven by disciplined financial and operational policies, which improved the profit margin. "Our exceptional first‑half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion' Juan Leon, Group CEO of Estithmar Holding commented, and added, "Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well‑placed to deliver exceptional stakeholder value and extend our footprint globally." Read more on Source: AETOSWire
Qatar Tribune
2 days ago
- Business
- Qatar Tribune
Estithmar Holding Reports Record Half-Year Results for 2025 Net profit nearly doubles to QAR 465 million, a 97% YoY increase
Revealing an exceptional performance across all key financial metrics, Estithmar Holding Q.P.S.C. announced its financial results for the six-month period ended 30 June 2025, following board approval. The company reported revenue of QAR 3.073 billion, an 87% year-on-year increase. Gross profit soared by 134% to QAR 1.054 billion, while EBITDA rose 97% to QAR 732 million compared to H1 2024. Net profit reached QAR 465 million, up 97% year-on-year, while earnings per share (EPS) doubled, reaching QAR 0.130. While Estithmar Holding continues its upward trajectory in its financial and operational indicators across all its financial disclosures, this remarkable leap in results for H1 2025 is mainly attributed to increased revenue through its international expansions across its 4 sectors in Saudi Arabia, Iraq, Algeria, Libya, Maldives, Jordan, and Kazakhstan. The company's enhanced operational performance also underpinned an EBITDA of QR 732 million, an increase of 97%, driven by disciplined financial and operational policies, which improved the profit margin. "Our exceptional first‑half performance demonstrates the strength of our strategy. By focusing on value creation, sector leadership and disciplined capital allocation, we have delivered greater operational efficiency, robust revenue growth and margin expansion' Juan Leon, Group CEO of Estithmar Holding commented, and added,' Sustained and balanced growth across our four clusters remains central to our investment strategy. We continue to drive innovation and adopt advanced operational technologies. With a distinctive blend of capabilities and expertise, Estithmar Holding is well‑placed to deliver exceptional stakeholder value and extend our footprint globally." Currently, Estithmar Holding's operations span 7 countries in addition to Qatar. Healthcare sector has expanded to Algeria, developing the Algerian Qatari German Hospital, Iraq through operating and management of Al-Imam Al‑Hassan Al‑Mujtaba Hospital and Al‑Nasiriyah Teaching Hospital in Karbala and Di-Qar governorates, and to Libya managing Misrata Heart and Vascular Center. The real estate development and tourism division features major projects such as Rixos Baghdad Hotel & Residences in Iraq and the Rosewood Resort in the Maldives, both progressing at an accelerated pace. The services division has expanded its operations across Saudi Arabia, Iraq, Maldives, Libya, Jordan, and Kazakhstan, sustaining revenue growth through operational diversification and scale. Specialized contracting activities have also expanded in Saudi Arabia; awarded major projects such as Red Sea Airport, 5 hotels in Shura Island, Sindalah Yacht Club and others, besides projects in the Maldives, and Iraq. Record Share Performance Estithmar Holding's share showed robust and sustained upward momentum during H1 2025, climbing 77%. This indicates a transition from steady accumulation to a sharp upward trend, driven by increased investor confidence, ongoing profit growth, and the company's expansion activities. The company's share performance reflects the sound management and operational policies focused on enhancing investor value. This aligns with the company's long‑standing commitments expressed in previous statements, alongside the launch of diversified projects and expansion initiatives.
