QNB
The new protocol seeks to facilitate financing options for low and middle-income individuals seeking housing units offered by the Fund
As per QNBA standalone results, profits hiked to hit LE 7.4 billion, down from LE 8.32 billion in 2019.
QNB sold 13.5 million shares of QNB Alahli worth LE 815.12 million ($46 million), with a value of LE 60 per share.
Qatari banks are turning to Asia and Europe for funding after clients from other Arab states pulled billions of dollars from their accounts following a regional diplomatic rift.
Total capital of the four banks is valued at $7.4 billion, while the assets they manage amounted to $152.7 billion.
Being heavily dependent on foreign funds, the Qatari banking system was the first sector to be negatively influenced with some Gulf firms and individuals.
A wrap-up for the most prominent news circulated during the day.
A wrap-up for the most prominent news circulated during the day.
A final decision regarding the matter is yet to be made, sources tell Bloomberg.
Six Qatari banks were given negative on potential risks, international credit rating agency CI Ratings said Wednesday.
Three Egyptian companies have been listed on the prestigious Forbes Top 100 Arab Companies list, released Wednesday.
(QNB) will provide credit facilities for new factories under the initiative of Your Factory Is Ready, up to 75 percent of the factory price
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