QNBFS Daily Technical Trader Qatar - September 07, 2023 التحليل الفني اليومي ...
Final press release saturday feb 24 final english
1. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
Institute of International Finance holds annual meeting of Middle Eastern
and North African banks’ CEOs
This year’s annual meeting of Middle Eastern and North African bank chief executive officers – the
16th such gathering – concluded today in Doha, capital city of Qatar. Organized by the Institute of
International Finance and hosted by the Qatar National Bank, the event was attended by around 100
top executives of the region’s banks and other financial services’ firms, as well as senior
representatives of global firms active in the MENA Region. The two-day event was designed, as in
previous years, to facilitate networking and the exchange of views on the challenges facing financial
institutions in the region, within the context of regional political turmoil and a sluggish global
economy.
Introducing the conference, Mr. Tim Adams, Managing Director of the IIF, welcomed delegates by
emphasizing the region’s growing economic importance. He said: “I am delighted to be here in Doha
and to participate in this vital forum, which over the years has provided such an excellent venue for
interaction between the MENA Region’s financial leaders. I thank QNB Group for its generosity in
hosting us. As the mature economies make their way to a full recovery, and as Europe builds a more
stable monetary union, it is the emerging economies that will fuel global growth in the future. The oil
exporting countries of this region will play a crucial role in this process.”
Mr. Ali Shareef Al Emadi, the CEO of QNB Group welcomed the opportunity to partner with the IIF in
organizing the conference. “We are proud of our longstanding and constructive relationship with the
IIF as the premier global financial services organization,” he said, adding, “and we look forward to our
further future co-operation. It has been a pleasure to welcome my colleagues, the CEOs and senior
officers from financial institutions across the MENA region. I trust that this meeting provided the
opportunity for all of us to reflect on the challenges as well as opportunities facing our institutions.”
At a formal dinner on the first evening of the conference, Mr. Ibrahim Dabdoub, Group CEO of the
National Bank of Kuwait and Dean of the IIF Board of Directors, welcomed the participants and read
the keynote speech due to have been delivered by Dr. Josef Ackermann, Chairman of the Board of
Directors of Zurich Insurance Group and former Chairman of the IIF Board of Directors. Dr.
Ackermann was unfortunately unable to attend in person, but his insightful and lucid analysis of the
Euro area debt crisis gave the conference much to ponder. The dinner was attended by, among
others, His Excellency Yousef Kamal, Qatar’s Minister of Finance and Economy and His Excellency
Sheikh Abdulla Bin Saud Al-Thani, Governor of Qatar Central Bank.
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 1
2. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
3. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
4. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2
5. PRESS RELEASE
MEDIA CONTACT Gary Mead| gmead@iif.com | office +1 202 682-7459 | mobile +202-372-6382
Saturday, February 23, 2013 | Doha, Qatar
The program focused on key themes of special relevance to the MENA Region, and the discussions
were rich and constructive. Following the opening session on global and regional prospects, chaired
by Mr. Ali Shareef Al Emadi, there were three roundtable sessions: ‘Beyond the Arab Spring: Short-
Term Risks and Long-Term Opportunities?’, chaired by Mr. Dabdoub; ‘Deepening Financial Markets in
the MENA region’, led by Mr. Hassan Abdalla, CEO of the Arab African International Bank; and ‘Out of
the Crisis: Regulatory Reform and Industry Response’, moderated by Mr. Kevin Nixon, Deputy
Managing Director of the IIF and Head of the Institute’s Regulatory Affairs department. Mr. Paul
Horsnell, Managing Director and Head of Commodities Research with Barclays, delivered a keynote
speech during lunch, analyzing the prospects for the oil and energy markets in the context of an
unsettled global environment.
Commenting on the proceedings, Mr. George Abed, Senior Counselor and Director for Africa and the
Middle East at the IIF, said: “This was a highly productive exchange of views among the financial
leaders of the MENA region. Taking note of the repercussions from the Arab Spring events, speakers
commented on the growing divergence in the recent economic performance of countries in the
region. Those that are going through political change continue to struggle with depressed growth and
widening fiscal and external deficits. Meanwhile, the oil-exporting countries have continued to grow
at robust rates while accumulating financial surpluses. Qatar in particular continues to register
remarkably high rates of growth, while pressing forward with the diversification of its economy and
the strengthening of its external position.”
-End-
About the IIF
The Institute of International Finance (IIF) is a global association of more than 470 financial institutions. Its mission is
to support the financial industry in the prudent management of risks, including sovereign risk; the development of
sound industry practices and standards; and the advocacy of regulatory, financial and economic policies that are in the
broad interests of its members and global financial stability. Within its membership the IIF counts leading global banks,
insurers, pension funds, asset managers and sovereign wealth funds, as well as leading law firms and consultancies.
About QNB Group
Established in 1964 as the first Qatari-owned commercial bank, QNB Group has steadily grown to be the largest bank in
the Middle East and North Africa Region and is the leading financial institution in the country with a market share
exceeding 45% of banking sector assets. The Group recorded a net profit of QR8.3 billion in the year ended 31
December 2012, up by 11.1% compared to last year, demonstrating QNB Group’s success across business activities and
the ability to achieve strong growth in profitability for the benefit of shareholders. Total assets increased by 21.5%
since 2011 to reach QR367 billion, the highest ever achieved by the Group. QNB Group has witnessed rapid
international expansion in the past few years and operates in 24 countries around the world through its network,
subsidiaries and associate companies, which collectively employ about 8,800 staff, with a network of 400 branches and
offices.
QNB MEDIA CONTACT: Mohamad Moabi mohamad.moabi@qnb.com.qa – Tel:+974 4453 4638 – Fax: +974 4442 8662
Institute of International Finance | 1333 H Street NW, Suite 800E | Washington, DC, 20005 2