Business 13 MONDAY 12 JULY 2021 Transformational leadership key for excellence in banking, finance advocates and practices green banking, which is one of the core business philosophies that will support sustainability into the future.

Dr. R Seetharaman Doha Bank CE0 Business | 15 QSE 10,794.33 -48.66 (0.45%) FTSE 100 7,121.88 +91.22 (1.30%) DOW 34,870.16 +448.23 (1.30%) BRENT $75.58 (+0.79)

QNB posts QR6.8bn net profit for first half Mekdam shares to THE PENINSULA — DOHA list on QSE Venture QNB Group, the largest financial institution in the Middle East and Africa (MEA) region, reported yesterday QR6.8bn ($1.9bn) net Market on August 2 profit for the six months ended June 30, 2021, an increase of 6 THE PENINSULA — DOHA percent compared to the same period last year. The Stock Exchange Total assets reached (QSE) announced QR1,065bn ($293bn), an increase yesterday that, in view of of 10 percent from June 2020. the approval for listing QNB Group successfully given by Qatar Financial delivered a strong Operating Markets Authority ‘QFMA’, Income of QR13.6bn ($3.7bn) for the shares of ‘Mekdam the first half of 2021, an increase Holding Group’ (‘Mekdam’) of 6 percent from June 2020. This will be admitted to trading helped to increase the overall on QSE Venture Market profitability for the Group. (QEVM) on August 2, after The orders on the QEVM are Loans and Advances grew by completing all the necessary executed through the brokers 6 percent to reach QR747bn technical and administrative licensed by QFMA. ($205bn) being the main driver procedures. ‘Mekdam Holding The shares of Mekdam of growth in Total Assets. On the Total assets reached QR1,065bn ($293bn), an Group’ will become the second will be listed with the symbol funding side, QNB diversified its company to be listed on QSE ‘MKDM’. The company’s share customer deposits generation increase of 10 percent from June 2020. QNB Group Venture Market (‘QEVM’) dedi- price will be floated on the that helped increase its deposit successfully delivered a strong Operating Income of cated for SME’s. first day of trading, while it base to QR767bn ($211bn). QR13.6bn ($3.7bn) for the first half of 2021, an Mekdam will be traded in will be allowed to fluctuate QNB Group continued its the same manner as those on by 10 percent up and down drive for cost rationalisation in increase of 6 percent from June 2020. This helped the main market in terms of starting from the second day addition to sustainable revenue to increase the overall profitability for the Group. order types, corporate actions of trading of the company’s generating sources. This con- and Settlement/ Clearing shares. tinues to help QNB Group to arrangements. Pricing of The founders’ data will be improve the efficiency (cost to in NPL to rise to 2.3 percent as at helped to achieve a coverage higher than the regulatory Mekdam shares is exactly the made available to the bro- income) ratio to 22.9 percent as June 30, 2021, one of the lowest ratio of 108 percent as at June 30, minimum requirements of the same as pricing mechanism of kerage firms as of July 28 in at June 30, 2021 which is con- amongst financial institutions in 2021. Total Equity increased to Qatar Central Bank and Basel the stocks listed on the main preparation for trading of the sidered one of the best ratios the MEA region, reflecting the QR98bn ($27bn), up by 6 percent Committee. market. Investors do not need company’s shares in order to among the large financial insti- high quality of the Group’s loan from June 2020. Earnings per QNB Group serves a cus- to obtain new investor number allow them to receive buy and tutions in the MEA region. book and the effective man- share increased to QR0.68 tomer base of approximately 20 to trade on Mekdam shares sell orders. The company will During first half of 2021, QNB agement of credit risk. The ($0.19). million customers supported by since no new investor numbers be listed on the second Group increased its loan loss pro- Group’s continued conservative At June 30, 2021, QNB Group more than 28,000 staff resources (NIN’s) are required to be market ‘QE Venture Market’ visioning to QR2.9bn ($793m). policy with regard to provi- reported a strong Capital Ade- operating from 1,000 locations issued for the investors who using the direct listing This caused a marginal increase sioning for potential loan losses quacy Ratio of 18.8 percent and more than 4,600 ATMs. have already existing numbers. option. `P14 Qatar-based Azym Technologies seeks to empower Gulf SMEs LANI ROSE R DIZON dependent on technology. And We understand what the Gulf SME sector needs, that’s the good of the SME sector. For THE PENINSULA there are around three to four the past five years, we have been million SMEs across the region why we offer tailor-made business and technology developing the legendary ERP Qatar-based cloud services and about a quarter of a million transformation solutions that will grow their businesses. system purely designed for the provider Azym Technologies is of large enterprise organisa- Trevor Caddy SME sector in the GCC. This on a mission to empower small tions. We are now seeing an cloud platform could enable and medium-sized enterprises increasing awareness on the Chief Operating Officer, Azym Technologies almost 99 percent automation (SMEs) in the GCC region. The digital transformation of busi- of the SMEs, and will put their company has developed enter- nesses here, and many of them several lead- team are con- business in autopilot. We’re prise-level cloud technology are wanting to move away from ership and man- stantly reviewing the making this technology, which solutions, which are specifically on-premise solutions. And agement positions with some market requirements every was previously only accessible designed for Gulf SMEs to while larger organisations have of the world leaders in IT, quarter. So we develop and to large organisations with huge transform the way they do their mapped their processes by including FileNET Corporation, manage our own technology IT budget, now accessible to the business, an official has said. buying their technology from Business Objects, HP, Atos based on what the customer SMEs as well. This is an eco- In an interview with The global vendors, small businesses Origin, ADVENT Asset Man- needs,” Caddy added. system which pretty much Peninsula, Azym Technologies’ who also want the same tech- region, and employs about 800 agement, and the Doha-based Speaking about the com- covers everything, from new Chief Operating Officer nology may not afford it. We staffs from 22 different nation- Malomatia. pany’s mega cloud-based ERP inventory, finance, sales, e-com- Trevor Caddy, said the company understand what the Gulf SME alities. Caddy, who has recently “The COVID-19 pandemic software which is expected to be merce, payroll, and others”. is currently in the process of sector needs, that’s why we joined the team, brings with him has made a lot of difference, launched this year or early next Kabeer said the new ERP launching its breakthrough offer tailor-made business and a wealth of experience from his particularly in cloud hosting and year, Founder and CEO of Azym solution will also help SMEs in cloud-based enterprise technology transformation 25 years in multiple industry software as a service (SaaS) Technnologies, Shafeek Kabeer, forecasting their business resource planning (ERP) solutions that will grow their sectors throughout the United sectors. We’re getting week-on- said: “The idea of Azym, is growth, which will serve par- software, which is arguably the businesses,” said Caddy. Kingdom, Europe, Africa and week growth. And we’re cur- always to come up with enter- ticularly useful for businesses first of its kind in the region. To date, Azym Technologies the Middle East. The interna- rently focused on SMEs in the prise-level vision in terms of recovering from the impact of “All businesses now are serves over 6,000 SMEs in the tional business leader has held GCC. Our CEO and his technical state-of-the-art technology for the pandemic. `P14 Qatar’s trade surplus Woqod first half net profit rises 71% to QR461m

THE PENINSULA — DOHA reaches QR93.4bn in 2020 due to a noticeable will rise to 111 stations, while centers, where working hours THE PENINSULA — DOHA Qatar Fuel Company (Woqod), improvement in the per- the company plans to build in some centers such as related materials by QR74.5bn yesterday reported QR461m formance of most of the seven petrol stations in 2022, Mesaimeer and Wadi Al Banat The merchandise trade balance (32.7 percent), Manufactured net profit (excluding minority Group’s activities and sales in to bring the number of stations reached 18 hours per day. of Qatar, which represents the goods classified chiefly by rights) for the six months conjunction with the signs of to 118 stations. In conclusion, Al Muhannadi difference between total exports material by QR2.4bn (30.5 ended June 30, 2021 compared recovery from the Corona pan- As a result of the increase indicated that Woqod has been and imports, showed surplus of percent), Chemicals and related to QR270m in the same period demic, coupled with the in petrol stations numbers, closely monitoring the develop- QR93.4bn in 2020, down from products by QR2.1bn (10.3 of the year 2020, showing an increased efforts exerted Woqod share in the fuel ments of the Corona pandemic QR159.3bn in 2019, a decrease percent), and Crude Materials, increase of QR191m, repre- towards implementing the products retail market has and working with its partners to of 41.3 percent. Inedible, Except Fuels by senting a rise of 71 percent. Group already approved effi- reached 85 percent, which is coordinate the combating the According to data released QR1.1bn (79 percent). On the The earning per share for ciency policy in the Group’s expected to reach 90 percent spread and limiting the negative by the Planning and Statistics other hand, increases were the period amounted to business. over the next few years. effects of COVID-19. Woqod had Authority, in 2020, the value of recorded mainly in Machinery QR0.46 per share compared In the field of the petrol Al Muhannadi explained issued and applied a suitable, Qatar’s total exports (including and Transport Equipment by to QR0.27 for the same period stations project, Saad Rashid that in order to increase the flexible and effective business plan exports of domestic goods and QR1.1bn (20percent), and Mis- of the last year. Al Muhannadi pointed out that effectiveness in the Technical to ensure the continuity of its re-exports) amounted to cellaneous Manufactured Woqod Group’s Board of since the beginning of 2021 to Inspection Centers, the activities throughout the country QR187.5bn, decreased by Articles by QR0.9bn (44.9 Directors chaired by Ahmed date the company has opened company in coordination with on regular basis and in line with QR78bn (29.4 percent) com- percent). Saif Al Sulaiti approved the two petrol stations, bringing the General Directorate of the health safety , and pared to 2019 total exports of During 2020, Asia was the financial results of Woqod the number of stations cur- Traffic took appropriate environmental sanitation proce- QR265.5bn. principal destination of Qatar’s Group for the first half of the rently operated by the measures to avoid any wait for dures and standards for the time The year-on-year (Y-o-Y) exports and the first origin of year 2021 ended on June 30, company to 107, and explained our valued customers, and has being in force in the petroleum decrease in total exports was Qatar’s imports, representing 2021. that the company plans to add increased the working hours of products industry, in order to mainly due to lower exports of 79.9 percent and 38.6 percent The increase in net profit four more stations by the end Technical Inspection Centers, implement the best standards and Mineral fuels, lubricants and respectively. `P14 and earnings per share was of this year and the number especially in high-density measures issued in this regard. 14 BUSINESS MONDAY 12 JULY 2021 QBIC celebrates Virtual Demo Day for 14th batch

THE PENINSULA — DOHA Twelve graduating start-ups from QBIC’s Under the theme ‘Qatar’s Lean Entrepreneurship Fastest-Growing Startups, Your Next Smart Investment’, Qatar Program and Lean Business Incubation Center Accelerator Program, (QBIC), the largest and presented at their pioneering mixed-use business incubator in the Middle East and projects before a North Africa (MENA) region Barwa Al Sadd panel of experts, angel founded by Qatar Development Bank, celebrated its second investors, aspiring Virtual Demo Day. entrepreneurs and Barwa Real Estate Group Twelve graduating start-ups stakeholders. from QBIC’s Lean Entrepre- A view of QDB building. extends agreement to sell neurship Program and Lean Accelerator Program, presented Qatar Financial Center, Doha our founding organization, was Demo Day, where investors, Janadriyah land in Riyadh at their projects before a panel Tech Angels, Mansour Bin and still is the first and largest aspiring entrepreneurs and of experts, angel investors, Khalifa Holding Group and supporter of entrepreneurship experts are able to view the list THE PENINSULA — DOHA the total sale price is aspiring entrepreneurs and Snoonu. in Qatar. We strive year after of participating start-ups and SAR742,380,100, excluding real stakeholders. This cohort i.e. the The start-ups that qualified year to develop our programs organize virtual meetings with Barwa Real Estate Company estate transfer tax. The afore- 14th batch of graduates from and presented are: Caffeine, and incubators to accom- the startup-owners. The site can Q.P.S.C. has announced the mentioned land was purchased the aforementioned programs, Cybergy, iFor Build, Smart modate the largest possible be accessed via demoday.qbic. extension of the Sale in 2016 for a value of had received weeks of training, Shuttle, Souqti, StopOver, Sto- number of start-ups and SMEs qa. Agreement to sell the land plot SAR659,277,850 along with guidance and counseling from ryDeck, The Real State CRM, to serve our vision and that of It is worth noting that, owned by Wahat Al Riyadh other amounts spent on land the different teams in the Vastry, VOP, Faserly, and our beloved country, Qatar. We despite the graduation of these Real Estate Company, “wholly development as well as incubator. Sparets. Each start-up was strive to achieve excellence in start-ups, QBIC will stay in owned by Barwa Group”, for financing costs. Hosted by Mahmoud Al given a three-minute window this area in line with our goal touch with them to continue additional 50 days. The As previously announced, Mahmoud, Entrepreneurship to present their project, fol- to achieve the diversification of providing them with advice and agreement shall be extended all financial terms of the Adviser, the Demo Day was lowed by a Q&A session with the local economy and also to guidance in order to ensure the and all its terms and conditions agreement, its financial impact held at the Bedaya Center, and the panel of experts. help Qatari companies access existence of a robust business shall remain in full force and and the estimated amounts of was sponsored by the incu- Commenting on this event, local, regional and international ecosystem and provide a sus- effect, provided that the sale profits generated from the sale bating partner, Ooredoo Hamad bin Dashin Al Qahtani, markets.” tainable business environment process is completed and regis- transaction will be announced Network, and the entrepre- Director General of QBIC, said, This year, QBIC has pre- for entrepreneurs in the State tered with the notary upon after the sale is completed and neurship ecosystem partners, “QBIC, and QDB of course as pared a website dedicated to of Qatar. fulfilling all the terms and the land is evacuated for the conditions of the agreement buyer. This will allow the and paying the rest of the sale company to precisely calculate price within a period not all costs and expenses related Qatar-based Azym Technologies seeks to empower Gulf SMEs exceeding 50 days from the to the land. It should be noted FROM PAGE 13 date of signing the sale that there is no conflict of cost, SMEs cannot access that. SMEs are the designed especially for them. This cloud ERP agreement extension. Wahat Al interest between the con- “Large enterprises have proper data backbone of economies. But currently, such will be a game changer in that space. The Riyadh Real Estate Company tracting parties and that the driven reports. They have forecast reports highly advanced technologies are limited to product heavily utilises machine learning received an amount of SAR30m extension of the contract term running in highly data analytics system big clients. And right now we’re leveraging and artificial intelligence. And it is estimated as a deposit for sale. has no impact on the com- which enable them to make decisions that and bringing it to the SMEs. We built a to help SMEs grow their business by more As previously announced, pany’s financial statements. accordingly. But because of complexity and solution with enterprise-level capability than 45 percent.,” Kabeer added. Mekdam shares to list on QSE Qatar’s trade ECB’s Villeroy signals no urgency surplus reaches to settle post-crisis stimulus Venture Market on August 2 QR93.4bn in 2020 BLOOMBERG FROM PAGE 13 soori explained. FROM PAGE 13 There will be no change in the timing The QEVM is characterized by the flex- European Central Bank policy maker of the trading session on the listing day. Bro- ibility of the listing requirements which suit Followed by the Francois Villeroy de Galhau (pictured) kerage firms will be allowed to enter buy smaller entrepreneurial companies with a European Union, signaled that he’s in no rush to agree on and sell orders on the company’s shares for more limited track record and fewer accounting for 8.8 percent new measures for supporting the euro- the pre-open period, as is usual at 9:00 AM. resources to meet the heightened investor and 30.9 percent respec- area economy to succeed the current The ‘QEVM’ will follow the same con- relations and corporate governance prac- tively, and GCC, with 5.3 emergency tools. tinuous trading pattern as the main market. tices demanded in the Main Market, Al Man- percent and 3.3 percent After the ECB concluded an The tick sizes for the QEVM Equities will be soori added. respectively. 18-month strategy review last week, the same as those for the main market. The Abdulaziz Nasser Al Emadi, Director of The value of Qatar’s raising its inflation goal and deciding to stock quotes of the QEVM will be shown on QSE’s Listing Department, welcomed the imports in 2020 was take issues such as climate change and a separate market watch at QSE website listing of Mekdam Holding Group in the QR94bn; decreased by owner-occupied housing costs into con- and independent from the main market QEVM. He expressed confidence that further QR12.2bn (11.5 percent) sideration, investors are focused on the screens. Trading volumes and other rel- companies will join the QEVM in the coming compared to Year 2019 implications for monetary stimulus. The evant data for the QEVM will be reported period and indicated that the companies imports of QR106.2bn. next Governing Council decision is on A key uncertainty is what on the QSE website on a daily basis. eligible to join the QEVM should have an The year-on-year July 22. the ECB means by its Rashid bin Ali Al Mansoori, CEO of issued capital not below QR2m, and number decrease in imports “Strategy is long term but policy can Qatar Stock Exchange, welcomed the listing of shareholders not less than 20 who own reflected decreases in be adapted at any monetary council acknowledgment that of Mekdam on the QE Venture Market no less than 10% of its capital upon the Machinery and transport meeting,” Villeroy, the Bank of France inflation may run moderately (QEVM) which provides a listing and trading listing. equipment by QR4.2bn governor, told reporters on the sidelines above its new target of 2% — venue for SME’s that do not fulfil listing “The launch of the new market was a (10 percent), Miscella- of the G-20 gathering in Venice. “We up from below, but close to, requirement of the main market. The QEVM result of the strategic initiatives and intense neous manufactured have at least four such meetings between provides an alternative route to market for efforts made by the QSE over the past years articles by QR2.9bn (15 now and the end of the year.” 2% — for a transitory period. the SME’s who need the access to capital to develop Qatar’s capital market through percent), Crude mate- A key uncertainty is what the ECB that being listed entails. continuous consultations with private and rials, and inedible, means by its acknowledgment that under the pandemic emergency pur- Al Mansoori said that “The launch of the family-owned companies to identify their except fuels, by QR2.8bn inflation may run moderately above its chases program next March, our mon- new market came within the framework needs and offer them suitable solutions and (50.7 percent), Mineral new target of 2 percent — up from etary policy will remain very accommo- of QSE’s vision and strategy aimed at diver- incentives for listing in the market,” Al fuels, lubricants and “below, but close to, 2 percent” — for a dative for as long as necessary, thanks sifying investment options and products Emadi added. related materials by transitory period. That also has impli- to our quartet of unconventional tools. available to individual and institutional Mekdam Holding Group was established QR1.1bn (58.9 percent), cations for the future of the €1.85 trillion There is no doubt about that.” investors.” He stressed on QSE’s pioneering on March 2018 as a private company with Manufactured goods ($2.2 trillion) pandemic emergency pur- Bank of Greece Governor Yannis role in providing financing and expansion limited liabilities and authorized and issued classified chiefly by chase program, which is currently slated Stournaras said on Sunday that the new opportunities for growing Qatari SME’s, in capital of QR50m. It was transferred into a material by QR 0.9bn to end in March. strategy will leave the ECB better pre- line with Qatar National Vision 2030 and Public Shareholding Company by the (5.9 percent), and Food Villeroy said the new goal is a “sig- pared for future crises. Bank of Italy Gov- the State’s economic diversification policy”. Minster of Commerce and Industry reso- and Live Animals by nificant change,” but that there is no set ernor Ignazio Visco said earlier on CNBC The QEVM provides SME’s with many lution no. 45 for the year 2021 issued on 0.3bn (2.4 percent). On definition for how much of an overshoot that the ECB is not emulating the Federal advantages as it allows them to diversify 30.6.2021 with a capital 100% fully paid by the other hand, increases is acceptable. Reserve with average inflation targeting, sources of funding through access to per- its founders. The most important objectives were recorded mainly in “There is no point putting in rules which implies a period of catch-up manent equity capital whilst offering of Mekdam is to provide comprehensive Chemicals and Related with such-and-such predetermined inflation. “We are not having a price level liquidity to financial, family or minority integrated services in the field of infor- Products n.e.s by QR threshold or duration,” he said. “In the targeting,” he said. “We are not compen- shareholders as well as visibility, Al-Man- mation and communication technology. 0.4bn (4.6 percent). hypothesis that we stop net purchases sating for what we missed.” Asian LNG prices drop as buyers pull back: Al Attiyah Foundation

THE PENINSULA — DOHA between major producers $3.67 per mmBtu, over a 100 Saudi Arabia and the UAE. The percent higher than the price Oil prices rose for a second day two Gulf OPEC allies are at this time last year. A Short- on Friday as the market reacted odds over a proposed deal that Term Energy Outlook (STEO) to falling US inventories, and would have brought more oil released by the US Energy signs of strong Asian demand to the market. Russia was Information Administration from both China and India trying to mediate in an effort (EIA) on Wednesday predicts added support. Brent crude oil to strike a deal to raise output, US natural gas production will futures were up $1.43 at $75.55 Opec+ sources said on increase in 2021, although on Friday, while US West Texas Wednesday. The US also had demand may fall. Intermediate futures were up high-level conversations with European gas prices con- $1.62 at $74.56. Still, both officials in Saudi Arabia and the tinued to vault to record highs, benchmarks were down (EIA) reported on Thursday that UAE, to help resolve the disa- driven by factors ranging from slightly on the week, as the crude inventories fell by 6.9 greement, the White House low inventories and outages to market comes to grips with the million barrels in the week to said on Tuesday. an Asian buying spree, and sig- historic drop in US oil inven- July 2, the lowest since Feb- Spot prices for Liquefied nalling further rises in coming tories and dimmed prospects ruary 2020. US gasoline stocks Natural Gas (LNG) in Asia fell Buying appeared to have Beijing are expected to be months that could mean high of Iranian oil returning to the also fell, as gasoline demand last week, as demand from slowed from China, the world’s warmer than usual over the prices for the winter period also. market. reached its highest since 2019, end-users was hampered and second largest LNG importer, next two weeks, Refinitiv Eikon The front month contract at the Prices on both sides of the signalling increasing strength suppliers offered more cargoes. though some spot purchases weather data showed, which Dutch TTF hub, a key European Atlantic ended the week little in the US economy. The average LNG price for were seen from Japan and also prevented prices from benchmark, closed at $12.75 per changed, despite the significant However, the gains in oil August delivery into northeast South Korea. Japan’s Tohoku falling further. mmBtu, its highest since Ref- daily fluctuations. Prices were prices were capped by the con- Asia was estimated at about Electric bought a cargo for In the US, natural gas initiv Eikon records began. Data weighed down early in the tinued worries that members $12.55 per metric million delivery in the second half of futures declined along with from the IEA published last week by the collapse of output of the Opec+ group could be British thermal units (mmBtu), August at about $14.40 per global energy commodities week showed European gas talks between the OPEC+ tempted to abandon output down $1.45 from the previous mmBtu, while South Korea’s over the past two sessions, consumption rose by an esti- group, before the US inven- limits that they have followed week. The price for a cargo Prism Energy bought a cargo though a shift in the weather mated 25 percent in the second tories decline provided bullish during the COVID-19 pan- delivered in September is esti- for September delivery at outlook may have added to the quarter of 2021, its largest year- sentiment. The US Energy demic, with talks breaking mated to be about $12.75 per $14.50 per mmBtu. Tempera- downward trend for gas. Still, on-year quarterly increase Information Administration down because of an impasse mmBtu. tures in Tokyo, Seoul and Henry Hub closed the week at since at least 1985. MONDAY 12 JULY 2021 BUSINESS 15 Transformational leadership key for excellence in banking, finance

THE PENINSULA — DOHA Advanced economies are environment. need to models can potentially expected to grow by 5.4 manage the change by rede- address the challenges posed The World Confederation of percent in 2021 and Emerging fining their business models by climate change and there Business hosted a virtual Market and Developing econ- and to manage various stake should be policies to attract webinar on the theme omies are expected to grow by holders such as customers, private sector investment. Our “Achieving Excellence in Prac- 6 percent in 2021. In the recent regulator and shareholders. sustainability reporting is ticing Banking and Finance “ Fed meeting it has indicated Customers are information guided by the Qatar Stock on July 8, 2021. Dr. R at least 2 interest rate hikes in centric and not location Exchange (QSE) ESG reporting Seetharaman, CEO of Doha 2023. World merchandise centric. To adopt to the digital methodology since 2016. “ Bank was one of the partici- trade volume is expected to changes either you need to be Dr. R Seetharaman spoke pants in the event. increase by 8.0 percent in quick or dead. Realignment of on 5R Strategy. He said “In the Dr. R Seetharaman, CEO 2021 after falling 5.3 percent resources will happen in the wake of the coronavirus pan- of Doha Bank said, “ In order in 2020.According to IMF April light of technology demic, Doha Bank has to achieve “Excellence in 2021, Qatar economy expected development.” developed a 5R’s Practicing Finance & Banking to grow by 2.4 percent in 2021. Dr. R Seetharaman gave strategy model to focus on “ I focused on multiple dimen- The Banking sector witnessed insight on developments per- the Bank’s response in the sions such as Economic out- a lending growth of more than taining to sustainable devel- short term. The 5Rs stand for looks, Risk & Governance, lev- 7.5 percent in first 5 months of opment. He said “Doha Bank rationalization, revenue eraging Technology, creating 2021.” Doha Bank advocates and practices green banking, which is one advocates and practices green enhancement, restructuring, sustainable post- pandemic Dr. R Seetharaman high- of the core business philosophies that will support sustainability banking, which is one of the remedial management and world, environmental, social lighted the developments per- core business philosophies remodeling of business.” and Governance framework taining to technology. He said into the future. Banks should align lending activities with that will support sustainability Dr. R Seetharaman high- and managing Stakeholder "The fourth industrial revo- environmental cause. They should develop environmental and into the future. Banks should lighted the qualities of a trans- expectations as part of lution combines advanced social-risk management and expand the scope of risk align lending activities with formational leader. He said “Transformational technologies in innovative environmental cause. They “Understanding Changing Leadership”. ways, dramatically reshaping management to include social and environment risk also. should develop environ- Business trends, Under- Dr. R Seetharaman, spoke the way people live, work and mental and social-risk man- standing Changing technology on Global & Qatar economy. relate to one another. Various Dr. R Seetharaman, CEO of Doha Bank agement and expand the trends, Leveraging on tech- He said “According to World industries are getting rede- scope of risk management to nology trends, staying compet- Bank June 2021, the Global fined, the health sector can be include social and envi- itive, giving back to society economy expected to grow by reimagined, the work space is and artificial intelligence are and the customer will be more ronment risk also. Public- and managing stakeholder 5.6 percent in 2021. The undergoing changes, robotics going to play important roles empowered in the digital private-partnership (PPP) expectations.” Ahlibank gives 30 Visa New Mitsubishi ASX available at Qatar cardholders a chance to win 100,000 Qmiles Automobiles Company showrooms THE PENINSULA — DOHA tailgate opening and low cargo THE PENINSULA — DOHA floor make the loading and With a new look, new technology unloading of cargo fuss-free for Ahlibank, a leading Qatari and a new more powerful everybody. With the Full-Flat owned financial insti- engine, the Mitsubishi ASX now Rear Seat /60:40 Split Foldable tution, has launched an adopts Mitsu’s latest Dynamic Seatback, anybody can easily use exclusive summer Shield front design language with the rear seat release buttons and campaign “Your next LED headlights and taillights. fold down the rear seatbacks to journey starts with Mitsubishi also designed a fresh transport bulky or oddly-shaped Ahlibank Visa Cards” for rear skid plate finished in silver items. Besides, all passengers can all Ahlibank Visa credit to make the ASX seem a bit more enjoy the view from every and debit cardholders, of our dedication to providing our rugged. A similar change has direction with the panoramic offering them a chance to win customers with the best offers been made at the front bumper glass roof. At night, the roof is 100,000 Qmiles from Qatar and most innovative products in to complete the look. Out back, attractively illuminated with LED Airways Privilege Club. the market, we launched this new LED taillights work with conven- The new ASX is available at Qatar lamps. Rugged yet sporty, the The new campaign comes in Debit and campaign tional turn indicators in the Automobiles Company showroom at roof rails accentuate the flowing line with the Bank’s ongoing to add value to our Visa card- reconfigured tail lamps, while a Salwa Road in Doha, and in Al Khor. roof lines of the ASX. commitment to offer person- holders and deliver world-class new rear fascia and bumper Technology alised banking benefits and services. design deletes a lot of chrome System) CVT (Continuously Var- door mirror and a buzzer sounds. The new ASX is equipped rewards to its loyal cus- Al Namla added: “This new work and sharpens its visage. iable Transmission), ideally The available 7-airbag with the state-of-the-art tech- tomers. Customers can enter the campaign will give a unique The ASX is available now at tuned to deliver effortless accel- system helps protect every pas- nology features. Starting from draw for a minimum QR3,000 opportunity to 30 Ahlibank Visa Qatar Automobiles Company eration from any speed. The senger in every seat. For pro- 8-Inch Display Monitor that spent internationally in foreign Credit or Debit cardholders to win showroom at Salwa Road in Active Stability Control system tection in frontal collisions, front makes Navigation and rear-view currency across all touchpoints, 100,000 Qmiles from Qatar Doha, and in Al Khor. uses onboard sensors to analyze passengers get front airbags and camera easier to use with the including point-of-sale at mer- Airways Privilege Club while Performance the vehicle’s motion and identify a knee airbag on the driver’s side. larger 8-inch touchscreen. chants, online purchases and enjoying the features and ben- The 2.0-litre engine gives all lateral wheel slippage. By gov- In a side collision, front pas- With Smartphone-Link ATM cash withdrawals. Running efits of the Cards. This campaign the power needed for all trips. erning engine output and sengers are protected by side Display Audio (SDA), you can go from 1st July to 30th September meets the diverse needs and life- MIVEC technology allows the applying braking power to the airbags while both rows are pro- where you want, when you want 2021, this campaign offers cus- styles of all our customers and engine to combine maximum appropriate wheels, ASC helps tected by curtain airbags. and discover new places and tomers who spend in equivalent rewards them for their continued power output, fuel efficiency, to maintain stability and control. When Rear Cross Traffic new music. Smartphone-link to QR1,000 in foreign currency trust in us”. and environmental performance. In addition, a gear shift indicator Alert (RCTA) is active, an indi- Display Audio (SDA) helps you using their Visa debit cards one Dr. Sudheer Nair, Visa The Maximum Torque of the in the multi-information display cator appears in the combination operate map settings, music chance and Visa credit cards Country Manager - Qatar, said: engine is 197Nm / 4,200rpm gen- recommends the best shift meter display. If radar sensors playback, and calls all with voice three chances in the draw to win “We are pleased to partner with erating a maximum Output of timing for current driving in the rear bumper detect an actions for a more enjoyable and 100,000 Qmiles from Qatar Ahlibank on this campaign exclu- 110kW. conditions. approaching vehicle nearby safer drive. Airways Privilege Club, for a total sively for the bank’s Visa debit The MacPherson strut front Safety at its best while reverse gear is engaged, a Interaction doesn’t stop here. 30 lucky winners at the end of the and credit cardholders. Digital and multi-link rear suspensions The new Mitsubishi ASX is warning message appears in the The ASX presents Apple CarPlay campaign. payments provide consumers make driving on rough roads equipped with plenty of features multi-information display, a and Android Auto systems Ahlibank Visa credit card- with a more convenient, secure smooth and comfortable, while that enhance the safety measures buzzer sounds and an indicator allowing you to use a number of holders also enjoy a range of ben- and seamless retail experience the shock absorbers and stabi- and ensure maximum protection blinks in both door mirrors. The audio, messaging, voice calling, efits, including access to some of than cash. By incentivising con- lizers are precision-tuned for of the driver and passengers. T-shaped rear combination and 3rd party navigation apps the world’s most luxurious airport sumers through this campaign to responsive handling and sporty, These features include Blind Spot lamps have a wide and stable from your iPhone. lounges, a free global travel use their cards more, we are comfortable performance. Warning (BSW) / Lane Change look and feel. The brake lights Passengers can savor the insurance for cardholders and helping to increase their pref- On the road, drivers can Assist (LCA) which uses radar illuminate independently for stunning sound quality of a new their families, as well as the con- erence for cards and, in doing so, choose between 3 driving modes sensors in rear bumper to detect better visibility. audio system jointly developed venience of Visa Concierge 24/7, supporting the country’s efforts to best match your preferred vehicles in rear blind spots, on the Utility with the Rockford Corporation, providing personal privileges, to promote digital commerce.” driving style and road conditions right and left sides. An indicator The versatile cargo area is thanks to nine speakers with rewards and services anywhere To learn more about the Visa for fuel-efficient driving and out- appears in the door mirror when spacious and easy to use for any spectacular DTS Neural Surround in the world. Card campaign, visit any standing 4WD performance. The BSW is active and the turn signals driver. With up to 358* liters of sound. With Bluetooth, Hands- Mohamed Al Namla, Deputy Ahlibank branch or call our 24/7 engine is teamed with the are off. When a vehicle is detected cargo space available even with Free Kit, Link System you keep CEO Business Support, Services contact centre on 4420 5222 or INVECS-III (Intelligent & Inno- while the turn signal is on, an indi- 5 occupants inside, you can bring in touch while keeping safely in & Human Resources said: “As part visit www.ahlibank.com.qa vative Vehicle Electronic Control cator blinks in the corresponding everything you need. The wide control with the hands-free kit. 88% of Qatar brands changed customer experiences due to pandemic G-20: South Korea’s Finance Minister, IMF chief hold talks THE PENINSULA — DOHA In response to customers’ is a value deeply changing customer ingrained within the bank. QNA — SEOUL supplement its member coun- Sitecore, the global leader in Through Mashreq’s digital- tries’ official reserves digital experience demands, 88 first approach, customers can South Korean Finance Minister Hong supported the IMF’s management software, percent of Qatar’s IT benefit from a banking expe- Hong Nam-ki held talks with plan to increase loans for its announced yesterday that 88 rience that is convenient, tai- International Monetary Fund Poverty Reduction and Growth percent of Qatar’s IT decision- decision-makers said lored to their needs, and (IMF) Managing Director Kris- Trust, the ministry said. makers have had to funda- their brands created meets their evolving talina Georgieva on the side- The G20 gathering in the mentally change their demands. lines of the Group of 20 (G-20) Italian city of Venice was the customer experiences in a deeper connection Mashreq embarked on an meeting in Italy. ministers’ first face-to-face response to the pandemic. with their customers exciting digital transformation During the talks, Hong told meeting since the start of the The research, conducted over the past year. journey with a key objective Georgieva that nations need to pandemic. by YouGov MENA, surveyed of improving the experience flexibly respond to a sudden Decisions include the more than 650 IT decision- three years before 2020. of our customers by offering inflow and outflow of capital, endorsement of new rules makers across 12 countries in Thanks to these new techno- and Africa, Sitecore. “Leading them superior services, according to the South Korean aimed at stopping multina- the Gulf Cooperation Council, logical capabilities, 88 percent Middle East brands, such as whenever and wherever they Ministry of Economy and tionals shifting profits to the Levant, and Egypt. of Qatar’s respondents, said Mashreq Bank, emphasize the need. Finance. low-tax havens. In response to changing they experimented with a need to put technology firmly A modern, intuitive and Hong’s remarks were seen That paves the way for G20 customer demands, 88 percent number of new marketing at the center of their business user-friendly website is as meaning the IMF needs to leaders to finalise a new global of Qatar’s IT decision-makers, approaches during the to consistently create person- imperative in digital transfor- allow nations to take various minimum corporate tax rate of said their brands created a pandemic. alized experiences.” mation. In collaboration with measures as the US Federal 15 percent at a Rome summit deeper connection with their “With 88 percent of Qatar’s More than 50 years on Sitecore, Mashreq Bank not Reserve moves to taper its asset in October. customers over the past year. brands changing their cus- from Mashreq’s inception, the just enhanced the overall purchase programs, South The European Union’s The pandemic has also tomer experience in response bank maintains an unwa- experience on its website, but Korea’s News Agency (Yonhap) carbon border tax would be a accelerated organizations’ to the pandemic, regional vering commitment towards also implemented a Sitecore stated. protectionist measure, said digital transformation brands understand that they customer centricity. Whether content management system The IMF plans to distribute Kristalina Georgieva. She roadmaps. Among need to prioritize digital expe- it is transforming ideas into that enables the bank to the Special Drawing Rights backed France’s proposal for a respondents, 75 percent in riences, especially for Millen- solutions, or harnessing dig- deliver content across all cus- (SDR), an international reserve minimum floor price for carbon Qatar, said their brands had nials and Generation Z cus- itization to provide a seamless tomer channels through an asset, to member countries this emissions around the world, advanced their marketing tomers,” said Mohammed banking experience; devel- API, which makes it a pow- summer. The SDR is an inter- saying that measure would be technology stack more in the Alkhotani (pictured), Area oping products that empower erful tool for its mobile and national reserve asset that was more efficient in curbing global last year than in the previous Vice President – Middle East and meet the needs of web developers. created by the IMF in 1969 to emissions.