16/04/2018 08:05 AST

Qatar, which has emerged stronger following the June 2017 economic blockade, has brought various reforms to transform the country into a self-reliant economy, a senior Doha Bank official has said.

Speaking before members of the Singapore Business Federation (SBF) yesterday, Doha Bank CEO Dr R Seetharaman said these reforms include the new law for public private partnership (PPP), which will provide comfort to the private sector and foreign investors.

“Transportation and other infrastructure projects were assigned the largest share in the 2018 budget with allocations of QR42bn or 21% of total expenditure. Sports sector and 2022 FIFA World Cup projects amounted to a total allocation of QR11.2bn,” he continued.

Seetharaman, who delivered a brief insight on the Qatari economy, said Qatar will raise LNG production by 30% to 100mtpa within five to seven years after lifting a moratorium on gas development earlier in 2017.

On Qatar-Singapore bilateral relations, Seetharaman said the Southeast Asian nation gained “enhanced access” to Qatar for construction services and professional services such as legal, architectural, engineering, and urban planning.

“The Gulf Co-operation Council-Singapore Free Trade Agreement will provide more investment opportunities in Singapore for mutual benefits,” Seetharaman pointed out.

According to Seetharaman, major Singaporean companies are already working on infrastructure development in Qatar.

“There are plenty of areas, including telecommunications, electrical and electronic equipment, petrochemicals, jewellery, machinery and iron, as well as steel-related industries in which Qatari and Singaporean businesses can establish and enhance cooperation to facilitate bilateral trade relations. Qatar’s hospitality market is expected to demonstrate growth as Qatar begins preparations for the 2022 FIFA World Cup,” he added.


Gulf Times

Doha Bank and Mastercard launch suite of new debit cards

09/08/2018

Doha Bank yesterday announced to have collaborated with Mastercard to launch a suite of new debit card products with innovative value-added services for its customers.

The range consists o

The Peninsula

Doha Bank names its fifth ‘Al Dana Young Saver’ winner

29/07/2018

Doha Bank yesterday announced A S N Al Thani as the latest lucky winner in its ‘Al Dana Young Saver’ scheme. The fifth winner of the year was revealed during an exciting prize draw ceremony, which to

The Peninsula

Doha Bank recognised as ‘Qatar Domestic Trade Finance Bank of the Year’

22/07/2018

Doha Bank has been awarded ‘Qatar Domestic Trade Finance Bank of the Year’ in the ‘Wholesale Banking’ category at the Asian Banking and Finance (ABF) Awards 2018 in Singapore.

Fazlur Rahman

Gulf Times

Ticker Price Volume
QNBK 175.00 253,804
SABIC 118.60 3,051,555
WALAA 23.70 381,943
SACO 71.00 167,636
STC 81.90 322,056
EEC 17.96 1,356,411
ALMARAI 48.20 592,230
DHBK Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
QNBK 175.00 1.00 (0.57%)
QIBK 135.90 -1.10 (-0.81%)
MARK 38.38 0.38 (1.00%)
CBQK 39.50 0.50 (1.28%)
QIIK 57.46 -0.39 (-0.68%)
Clariant and SABIC deepen ties under new partnership

19/09/2018

Switzerland’s Clariant and new anchor shareholder Saudi Basic Industries Corp. (SABIC) will merge their high-performance materials businesses and install a SABIC manager as head of the group as they

Arab News

Alizz Islamic inks pact with Takaful Oman

19/09/2018

Reinforcing its position as one of Oman's most innovative Islamic banking institutions, Alizz Islamic Bank signed a Memorandum of Understanding (MoU) with Takaful Oman, the Sultanate’s first full-fle

Times of Oman

Du inks deal with ADGM

19/09/2018

Dubai-based telecom operator du has announced a new partnership with the Abu Dhabi Global Market (ADGM) to facilitate its digital transformation agenda.

The MoU sets a formal framework for

Gulf News

Barwa Real Estate takes part in Qatar-Russia 2018 Year of Culture

19/09/2018

Barwa Real Estate Group, one of the leading real estate and investment companies in Qatar and the region, participated in the Qatar-Russia 2018 Year of Culture, where a seminar entitled “Qatar: No Li

The Peninsula

Saudi Aramco unit hosts first graduation ceremony

19/09/2018

Saudi Aramco, a world leader in integrated energy and chemicals, said one of its units, Saudi Arabian Drilling Academy (Sada) held its first graduation for a cohort of 132 students representing 34 dr

Trade Arabia