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- QSE snaps three days of bearish spell as index gains 16 points; Islamic index outperforms
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- NBB appoints Bassam Al Tattan as Head of Private Banking
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- Adnoc Distribution, Landmark Group launch loyalty partnership
- Tabreed connects sustainable cooling to Dubai's City Tower 1
- UAE-Italy bilateral trade up 14.6% in H1 to $7.9bn
- Saudi Development Bank to Inject $8 Billion to Empower Citizens, Drive Growth
19/03/2015 04:48 AST
QNB has consolidated both its position as the leading Financial Institution in the MENA Region and its region leading credit rating performance following the news by Fitch Ratings that the Group's Long Term Rating has been upgraded to AA- from the previous A+ with an immediate effect.
The move by Fitch follows their recent report on the positive outlook of The State of Qatar and in particular, the "healthy condition" of the Banking Sector. They concluded that Local Banks were highly capitalised and that asset quality was solid. Commitment from the Government to the sector was a key underlying factor in the reflected cumulative upgrade of Bank Ratings supported by sovereign wealth funds and the on-going strong revenues from hydrocarbon production.
Within the comprehensive Fitch Report, QNB was singled out as "The Flagship Bank" in the sector with its market performance and strong public and private sector business relationships.
CPI Financial
10/09/2025
QNB KSA announced the signing of a strategic partnership agreement with Sanad Pay, a leading Saudi fintech and licensed Point-of-Sale (POS) service provider, to introduce smart, cloud-based POS termi
The Peninsula
08/09/2025
QNB announced a significant partnership with the Ministry of Communications and Information Technology (MCIT) to support the TASMU Accelerator, an annual initiative launched to support global startup
The Peninsula
21/08/2025
QNB has achieved another major milestone by becoming the first bank in the GCC to enable Digital Wallet acceptance through a single, unified integration on the Mastercard Gateway Hosted Checkout pla
The Peninsula
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12/09/2025
National Bank of Bahrain (NBB) has appointed Bassam Al Tattan as Head of Private Banking.
Bassam brings with him over 17 years of experience in the financial services sector across the GCC.
Trade Arabia
12/09/2025
Adnoc Distribution, a UAE fuel and convenience retailer, has partnered with Landmark Group, the Middle East's omnichannel retail leader, to offer point conversion and cross-platform redemption betwee
Trade Arabia
12/09/2025
Tabreed, the world's leading district cooling company, has made a significant new connection to one of its networks in Dubai: The 93-storey City Tower 1, a development by H&H.
The project i
Trade Arabia
12/09/2025
Abu Dhabi National Oil Company (ADNOC) has transferred its shareholdings in several of its listed subsidiaries to XRG P.J.S.C., its wholly owned international energy investment arm.
ADNOC wi
Gulfnews
11/09/2025
Saudi Arabia's Al-Modawat Specialized Medical Co has announced that construction work is nearing completion on the expansion of the eastern wing of the hospital's main building.
The wing i
Trade Arabia
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