By Staff Report - Khaleej Times
Khaleej Times has bagged the Middle East Business Leadership Award for the Media Sector at the second edition of the Middle East Business Leaders Summit and Awards Ceremony held on Sunday night.
Khaled Soliman, Group Chief Executive Officer of Galadari Brothers Co. LLC, received the prestigious award on behalf of the first English language newspaper of the UAE at the ceremony held at Armani Hotel, Burj Khalifa.
By Alex Delmar-Morgan, Dow Jones Newswires
DOHA (Zawya Dow Jones)--Private sector demand for financing in Qatar is weak but will pick up as the government's recently announced $100 billion ten-year infrastructure spending plan kicks in, the chief executive of private Qatari investment bank QInvest said Thursday.
Mr. Tim Linacre, Chief Executive of Panmure Gordon & Co., collecting the award on behalf of QInvest from Mrs. Liz Peace, CEO of British Property Federation (BPF)
QInvest, Qatar’s leading Investment Bank, won an award of Excellence for Best Islamic Financial Institution in the Middle East from the 2010 IREF ME premier industry awards in London. The annual award ceremony was once again being held in conjunction with the British Property Federation (BPF), with Liz Peace, CEO of BPF presenting the accolade to QInvest.
Qatar is home to a new breed of Islamic bank: QInvest’s strong innovative capability has fuelled its progress to become the leading investment bank in the country in only 4 years.
QInvest is a relatively new entrant in the fast-growing world of Islamic finance, its aim being to bring together specialist investment banking, investment management, brokerage expertise and tailored wealth management services for its clients.
QInvest, Qatar’s leading Investment Bank, has once again led the way by winning the ‘Most Innovative GCC Investment Institution 2010’ in the World Finance GCC Awards and a listing in the ‘WF 100’.
Enterprise Qatar, the newly established authority to develop and promote the small and medium enterprise entities in Qatar, has announced the launch of the 'SME Evolution Program’, a free web-based training program for small and medium enterprises (SME’s).
Tapping into more than 200 years of proven natural gas reserves and substantial oil resources expected to last for years, the Qatar’s strategic long-term role in fuelling regional and global growth is clear. In recent years, Qatar has stepped up its efforts to ensure its economic growth is sustained by maintaining a competitive advantage achieved through 25.7 billion barrels of proven oil reserves and natural gas deposits in excess of 900 trillion cubic feet. It is easy to see why investors see Qatar as the Gulf’s new economic powerhouse.
By Tamara Walid, Bloomberg
QInvest, the investment bank that’s 49 percent owned by Qatar Islamic Bank, is working to conclude two “reasonable size” mandates for initial public offerings by local companies this year, its chief executive officer said.
“We are looking to conclude one transaction in the second- quarter of 2011, and the other in the second half,” Shahzad Shahbaz said in a telephone interview today. The size of the IPOs is yet to be determined, he said.
Qatar’s leading investment bank, QInvest, has exclusively won the prestigious award for ‘Best Sharia Compliant Firm’ at the Private Equity World Awards (PEWA) Gala Dinner in the United Arab Emirates.
QInvest’s Chief Executive Officer, Shahzad Shahbaz, said: “We are honored that the PEWA Awards have chosen to recognize QInvest and its achievements. This award affirms the wisdom of our investment strategy that delivers value, performance to investors and innovative investment opportunities to our clients."
QInvest, Qatar’s leading investment bank, has acquired a stake in FIITJEE Limited, India’s leading test preparation company for engineering and medical entrance examinations.
By Geetha Bhaskaran, Special to Gulf News
The Bombay Stock Exchange (BSE), Asia's oldest bourse, launched its first Sharia-compliant stock index in December in a move that could boost offerings of exchange traded funds (ETFs) and mutual funds to tap into India's fast-expanding economy.
Islamic finance in India, home to the world's second-largest Muslim population after Indonesia, is still in its infancy and the new benchmark should help channel socially-conscious investor savings of more than $1 trillion in the coming years, including from the cash-rich Gulf.
By Shirley Redpath
Energy related industries will remain significant, but infrastructure is enjoying rapid levels of investment.
While several countries in Europe and the Americas struggle to leave recession behind, many of the resource-rich economies in the Middle East are enjoying unprecedented growth rates. Contained within only 11,500 sq. km of land, for example, the small peninsular nation of Qatar has the world’s second highest per-capita income and the second fastest growing economy.
* QInvest working on potential IPOs in 2011 - CEO
* Sees expansion into Saudi Arabia, Turkey, and UAE
* No plans to cut stake in Panmure
By Shaheen Pasha
Qatar's largest investment bank QInvest sees Islamic bond issuances continuing to gain momentum in 2011 while initial public offerings may also see some revival, the company's chief executive said.
As a continued sign of its clients’ appetite, QInvest, Qatar’s leading Investment Bank, in collaboration with India’s premier financial services partner, Ambit, announced the launch of the Ambit QInvest India Fund, an open ended Shariah-compliant Indian Equities Fund.
The fund is the region’s first and India’s largest Shariah-compliant equity fund with an investment strategy that will combine dynamic equity allocation to generate returns.
