Economy & Business Thursday, February 25, 2021 09 More than 200 QIB , Ukraine trade exceeded customers rewarded in fourth edition of $97 million last year: QC’s Twar Misk programme Ukraine Minister of Finance affirms mutual desire to strengthen economic cooperation Tribune News Network weekly and monthly draws. To qualify for the grand Tribune News Network investment opportunities in all prize draw, the customer Doha sectors and called Qatari com- Qatar Islamic Bank (QIB) must open the account three panies to explore the invest- has awarded more than 200 months prior to the draw There is a common desire ment opportunities in Ukraine winners with cash prizes to and maintain a minimum of between Doha and Kyiv to en- in all sectors, especially in food date in the fourth edition of QR 10,000 for each of those hance relations at all levels, security and agriculture areas. its innovative Misk savings months. Every additional especially in commercial and As for Qatar’s investment account programme. QR10,000 added to the sav- economic sectors, Ukraine’s climate, he said Qatar, under The Misk Account is part ings account earns the cus- Finance Minister Serhii March- the wise leadership of the Amir of the bank’s ongoing efforts tomer one more chance in enko has said while addressing HH Sheikh Tamim bin Hamad to promote positive financial the draw. a webinar co-hosted by the Qa- Al Thani, has accomplished habits and encourage indi- Customers interested in tar Chamber. great achievements and made viduals to save money. opening a Misk account can The past year has seen a impressive strides in many ar- The latest edition started download the QIB Mobile considerable surge in bilateral eas. It has developed a very so- in November 2020 and will app and through the use of trade, he said, affirming that phisticated infrastructure and run for 52 weeks until end digital identification technol- this year would witness even issued a slew of economic legis- of October 2021. The QIB ogy, scan the required docu- greater cooperation and activi- lation that placed Qatar among has increased both the total ments, including Qatari ID ties, especially in sectors such the world’s top destinations for number of winners to 805 and passport in the case of as energy, agriculture and fi- investments and business. and total prizes to QR10 mil- expatriates, take a selfie and nancial services. Gennadiy Chyzhykov, Pres- lion, due to the increasing fill in a few remaining per- Marchenko also under- ident of the Ukrainian Cham- popularity of Misk accounts. sonal data. scored the keenness of busi- ber of Commerce and Indus- Weekly winners, who are To facilitate a seamless nessmen to widen partnerships Qatar Chamber First Vice Chairman Mohamed bin Twar Al Kuwari presided over the Chamber’s delegation try, praised the distinguished rewarded QR10,000 each, experience, QIB has also and identify more opportuni- at the virtual Qatar-Ukraine Business Meeting. relations between Qatar and have been increased to 15 introduced a “Live Chat” ties in the two countries, dur- Ukraine, stressing the inter- each week, and every month, feature that allows custom- ing the Qatar-Ukraine Business of Commerce and Industry verse fields, he said. in 2014 signed a memorandum est of both countries to further two lucky winners will re- ers to directly get in touch Meeting. Valeriy Korol. “Despite these distinct rela- of understating to establish develop their cooperation in ceive QR50,000 each. The with a QIB customer service The webinar was hosted in Marchenko attended tions, the bilateral trade is still a Qatari-Ukrainian Business many fields, especially in food grand prize draw for QR1 representative if they have cooperation with the Ukrain- the meeting alongside Taras below aspirations. In 2019, Council with the aim of fa- security and energy. million will take place in No- any queries or need further ian Chamber of Commerce and Kachka, Deputy Minister for de- trade reached $ 87 million, cilitating cooperation between He called Qatari investors vember 2021. support at any time during Industry. It was aimed at re- velopment of Economy, Trade while it exceeded $97 million businessmen. to invest in his country and Misk has witnessed three the process. The QIB Mo- viewing aspects of cooperation and Agriculture of Ukraine – last year,” he added. “Qatar Chamber highly benefit from the incentives and previous successful editions, bile App, rated 4.7+ on Play between the private sectors in Trade Envoy of Ukraine. Twar said the “concession supports the cooperation be- opportunities offered for for- awarding a total of 890 loyal Store and App Store, has un- Qatar and Ukraine as well as Further, HE Hadi bin project” obtained by the Qa- tween Qatari and Ukrain- eign investors. QIB customers, where three dergone an immense trans- exploring investment opportu- Nasser Mansour Al Hajri, tari company QTerminals in ian companies and hope to see Hadi bin Nasser Mansour winners received QR1 mil- formation over the years, nities. the Ambassador of Qatar to the Ukrainian Olivia Port will more commercial partnerships Al Hajri, the Qatar Ambas- lion each. to keep up with the hyper- QC First Vice Chairman Ukraine, and HE Andriy Kuz- help boost economic coopera- and economic alliances be- sador, stressed that there is a Existing and new QIB connectivity and online re- Mohamed bin Twar Al Kuwari menko, the Ambassador of tion between Qatari companies tween the Qatari private sector plenty of opportunities for co- customers interested in quirements of the customer. presided over the Chamber’s Ukraine to Qatar, were also and their Ukrainian and global and its Ukrainian counterpart,” operation between both coun- opening a Misk account can Regular updates to the App delegation, which comprised present. companies. It will also sup- he said. tries, noting that QTerminals do so from anywhere, at any make it easier than ever, for QC Board Member Abdul Rah- Addressing the webinar, port the maritime line opera- He expressed hope that the in the Ukrainian Olivia Port time, simply by using the customers to conveniently man bin Abdulla Al Ansari and Twar said Qatar and Ukraine tions between Hamad Port and discussions would contribute would open new prospects for award-winning QIB Mobile enjoy a contact-free bank- a number of Qatari business- have strong and close ties. Both Ukrainian ports. to encouraging companies of more Qatari investments in App. The Misk account is an ing experience by banking men. the countries have managed He pointed out that Qatar both countries to seek impor- Ukraine. innovative savings account remotely using QIB’s Mo- The virtual meeting was to develop relations within the Chamber hosted several trade tant new investment partner- Kuzmenko, the Ukrani- that encourages savings by bile App or Internet Banking also attended President of the past few years by intensifying delegations from Ukraine in ships for the advantage of both nan Ambassador, said the two rewarding positive finan- with over 100 features, avail- Ukrainian Chamber of Com- cooperation on various areas the past few years. These meet- economies. countries enjoy distinct rela- cial habits and offering cash able 24/7, that serve the cus- merce and Industry Gennadiy and exchanging visits. The two ings have contributed to further Twar invited the Ukrainian tions and their bilateral trade prizes. They can subsequent- tomers’ daily banking needs. Chyzhykov and Vice President nations have signed a number enhancing the cooperation be- companies to invest in Qatar, has seen significant develop- ly start by using the app to QIB Mobile App is avail- of the Ukrainian Chamber of bilateral agreements in di- tween the two chambers, which where there are a wide range of ment within the past few years. manage all their day-to-day able on Apple, Google Play banking needs, remotely, stores, and Huawei AppGal- having access to more than lery. Customers can easily 100 features and services. self-register using their ac- Upon opening the ac- tive ATM/Debit Card num- count, customers will receive ber and PIN. The QIB Mo- a free debit card, e-statement bile App offers customers the service, and can request a ability to have a full control free credit card for the first on their accounts, cards, and year backed by the balance transactions and to fulfill all in their Misk account. their banking requirements All Qatari citizens and remotely through over 100 residents are eligible to open features and innovative ser- an innovative Misk Savings vices. In addition, QIB cus- Account for themselves or tomers can apply for person- their children. Customers al financing, a Credit Card, must maintain a minimum or open additional accounts monthly balance of QR in minutes via the QIB Mo- 10,000 to be eligible for the bile App.

Webinar explores property ownership opportunities IPA Qatar shares positive outlook on real estate opportunities for int’l investors

Tribune News Network two-tiered residency programme, presentations delivered by Qatari Doha. Freehold property areas Doha free healthcare and education, and Diar, UDC, and Qatar Sotheby’s include The Pearl-Qatar, Adminis- commercial-activity investments. International Realt. They shared trative District No. 60 and 61 in Al The Investment Promotion Commenting on the occasion, their in-depth insights on vari- Dafna, Lusail, , , Agency Qatar (IPA Qatar) recently IPA Qatar CEO Sheikh Ali Al- ous investment opportunities in and Al Khor Resort. hosted a virtual event titled ‘Spot- waleed Al Thani said, a number of luxury real estate Under the new regulations, a light on Qatar’s Real Estate Market “Investing in Qatar’s real estate projects across the country. QR3.65 million ($1 million) prop- Reforms’ with the participation of market is more lucrative now than The event also featured a erty grants its buyer permanent representatives from the Ministry ever. Not only can international virtual panel discussion where residency, along with free health of Justice (MoJ), the Ministry investors explore a more diverse participants explained how Qatar’s care and education, while buy- of Municipality and Environ- range of residential and commer- laws and reforms strengthen the ers of a QR730,000 ($200,000) ment (MME), Qatari Diar, United cial properties and reap coveted real estate market and provide an property are eligible for renewable Development Company (UDC), benefits that were previously avail- attractive platform for interna- residency permits for themselves and Qatar Sotheby’s International able exclusively to citizens, they tional investors to diversify their and their families. Realty. can also take advantage of expedit- portfolios. To expedite processes, a The webinar navigated the un- ed procedures that allow them to With the issue of the Council’s special section has been added to precedented property ownership complete a real estate transaction Decision No. 28 of 2020, Qatar the MoJ official website to facili- opportunities available to inter- in a few minutes, and claim their now has 16 usufruct areas with tate investors’ access to relevant national investors following the residence permit in a few days.” The Investment Promotion Agency Qatar (IPA Qatar) recently hosted a virtual a 99-year term and 9 areas that data, information, and forms as Council of Ministers’ Decision No He added: “The outlook is very event titled ‘Spotlight on Qatar’s Real Estate Market Reforms’ offer freehold ownership. The usu- well as answers to all legal ques- 28 of 2020 on the ownership and bright, considering a 36 percent fruct right areas include , tions related to the new law. The use of real estate in the country, growth in real estate transactions for 2021. We trust that today’s home.” Msheireb, , authorities have also streamlined which scaled up eligible properties in 2020, the market’s rapid recov- webinar will bring international Keynotes by representatives Al Jadeed, Al Man- procedures to allow international geographically and introduced a ery from the pandemic, and the investors one step closer to their of the Ministry of Justice and soura, Al Salata, Old Al Ghanim, investors to obtain their residency number of sought-after privileges inclusion of significant develop- long-term business ambitions the Ministry of Municipality and , Doha Inter- upon completing the purchase of to real estate investors, including a ment projects in the State’s budget while living in a place they can call Environment were followed by key national Airport area, and New an eligible property.