|We must emulate Maathai´s
green deeds: Kenyan envoy|
|AS the world continues to mourn
the death of Nobel Laureate for Peace
Wangari Maathai, Kenyan Ambassador
to Qatar HE Galma Mukhe
Boru advised the people to follow
her example and learn from her life.
Professor Maathai, who passed
away on September 25, was the first
African woman to be awarded the
Nobel Peace Prize in 2004 for her
contribution to sustainable development,
democracy and peace...
|Mad Hatter´s Tea Party|
|CURIOSER and curioser, as
Alice said in her adventures in
Wonderland. The longer the
crisis in the eurozone has gone
on, the more it has come to
resemble something penned by Lewis
Here are just a few of the surreal
aspects of the current state of affairs.
The answer to a lack of growth in struggling
countries such as Greece is austerity
of such ferocity that recessions deepen.
The solution to a...
|THE dire state of the world
economy reflects destructive
actions on the part of many
players. Still, the fact that so
many have behaved badly
shouldn´t stop us from holding individual
bad actors to account.
And that´s what Senate leaders
will be doing this week, as they take
up legislation that would threaten
sanctions against China and other
Respectable opinion is aghast.
But respectable opinion has...
Qatar retail banking in good health, says IBQ official
TRIBUNE NEWS NETWORK
DOHA HEAD of Retail Banking at IBQ Philip King has said that the retail banking sector looks healthy with strong opportunities for expansion. Speaking at the three-day MEED’s Middle East Retail Banking conference which started on October 3, in Dubai, King said that he sees the Qatar Central Bank’s regulations will certainly have a very positive impact on the short-term credit growth in Qatar and will protect the sector from “over-heating”. In attendance at the event were leading industry officials who discussed future trends and shared expert insights. In a panel session exploring retail banks of the future and strategies to maintain a competitive edge in a crowded market, King spoke about the banking landscape in Qatar in light of the nation’s recent economic ratings and answered significant questions about the challenges of an over-banked market, products shifts in response to customer demands and product differentiation through, for example, mbanking and e-banking in a highly saturated industry. “The Qatari government is committed to developing the financial services sector in the country. Qatar economic growth shows strong signs of health with high GDP per capita and real GDP growth in double digits. Population increase and influx of expatriates will help leverage the bankable target audience and IBQ is strongly positioned to cater to this growth,” he said. “Qatar’s credit card industry is expected to grow by 20 percent annually driven by low credit losses, strong economic growth and more competition. Currently, the industry is earmarked with stable sources of funds with customer deposits accounting for 53.7 percent of banks’ funding on average. The differentiation in the marketplace will be led by investments in IT, technology and customer services delivery – three of which rank very highly on IBQ’s banking channels,” King added.