No part of the world has been spared the COVID-19 economic saber, but the MENA region is suffering from a double-edged sword: the pandemic and persistently low hydrocarbon prices. Despite the recession specter, many banks, both central and private, are doing what they can to minimize the damage for citizens and businesses. Confronting the challenges, they are finding new opportunities, primarily through digital means, to improve their operations and reach.
The Middle East, in which numerous ancient civilizations and religions were born, is guaranteed to provide unlimited sight-seeing opportunities for lucky travellers. Fortunately, there are a number of luxury boutique hotels with all of the modern comforts to enjoy while visiting this history-soaked region—in fact, they are destinations in themselves! Take a peek inside some of the Cradle of Civilization’s classiest accommodations before making your choice.
Interview with Mr. Chaouki Daher, General Manager, Head of Private Banking at International Bank of Qatar (ibq)
Simon Hughes of International Banker interviews Mr. Chaouki Daher, General Manager, Head of Private Banking at International Bank of Qatar (ibq) on being at the forefront of private banking in Qatar and ibq’s future strategy.
Qatar is easily the richest country in the world on a per capita basis. According to a study released in March by Global Finance Magazine that used data from the International Monetary Fund (IMF)
On June 20, it was revealed that the former chief executive of Barclays, John Varley, and three of the bank’s former senior executives had been charged by the United Kingdom’s Serious Fraud Office (SFO).
The economy of Qatar has achieved strong growth over the past year. This growth has been underpinned by infrastructure development and increased amounts of investment capital flowing into the region in preparations for the 2022 FIFA World Cup.
With the performance of the Qatar economy exceeding growth expectations for 2013, the International Monetary Fund has expressed optimistic expectations for the country for the upcoming year. The IMF has recorded positive business sentiment across the country, from a variety of private-sector industries, through a series of analyses and surveys.