QCB governor meets MSCI chairman
Governor of the Qatar Central Bank HE Sheikh Bandar bin Mohammed bin Saoud Al Thani metHenry Fernandez, Chairman & Chief Executive Officer of MSCI, on the sidelines of the Qatar Economic Forum 2025. During the meeting, they discussed the latest developments in global finance and investment, along with other related topics.
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Qatar Tribune
8 hours ago
- Qatar Tribune
QCB brings Apple Pay to Himyan cardholders
Tribune News Network Doha In line with the Third Financial Sector Strategy and the Third National Development Strategy 2024-2030, Qatar Central Bank, on Sunday brings Apple Pay to its cardholders in Qatar. Apple Pay is an easy, secure and private way to pay in-store, in-app and online. To pay in-store, customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, restaurants, coffee shops, retail stores and many more places that accept contactless payments. Qatar Central Bank Deputy Governor Sheikh Ahmed bin Khalid bin Ahmed Al Thani underscored QCB's unwavering commitment to embracing cutting-edge digital transformation within the financial sector. He highlighted the bank's ongoing efforts to deliver innovative banking services and advanced payment solutions that uphold the highest standards of security and customer protection across all segments of society. He said, 'At Qatar Central Bank, one of our foremost priorities is investing in transformative technologies that yield tangible benefits and drive greater efficiency within the national financial ecosystem, which is why we're so excited to bring Apple Pay to our customers in Qatar. By building a world-class financial infrastructure aligned with leading international benchmarks, we aim to bring banking services closer to every member of our community.' Customers can also use Apple Pay on iPhone, iPad, Apple Watch and Mac to make faster and more convenient purchases in apps or on the web without having to create accounts or repeatedly type in contact information, card details, or shipping and billinginformation. Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap +, and follow the steps to add Himyan credit or debit cards. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and benefitsoffered by Himyan cards.
Qatar Tribune
16 hours ago
- Qatar Tribune
QCB brings Apple Pay to its Himyan cardholders
DOHA: In line with the Third Financial Sector Strategy and the Third National Development Strategy 2024-2030, Qatar Central Bank (QCB), has brought Apple Pay to its Himyan cardholders in Qatar. Apple Pay is an easy, secure and private way to pay in-store, in-app and online. QCB said that that to pay in-store, customers simply double-click the side button, authenticate and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code. Apple Pay is accepted in grocery stores, pharmacies, restaurants, coffee shops, retail stores and many more places that accept contactless payments, the Bank explained. Deputy Governor of the Qatar Central Bank Sheikh Ahmed bin Khalid bin Ahmed Al Thani underscored QCB's unwavering commitment to embracing cutting-edge digital transformation within the financial sector. Hehighlighted the Bank's ongoing efforts to deliver innovative banking services and advanced payment solutions that uphold the highest standards of security and customer protection across all segments of society. He added: "At Qatar Central Bank, one of our foremost priorities is investing in transformative technologies that yield tangible benefits and drive greater efficiency within the national financial ecosystem, which is why we're so excited to bring Apple Pay to our customers in Qatar. By building a world-class financial infrastructure aligned with leading international benchmarks, we aim to bring banking services closer to every member of our community." Customers can also use Apple Pay on iPhone, iPad, Apple Watch and Mac to make faster and more convenient purchases in apps or on the web without having to create accounts or repeatedly type in contact information, card details, or shipping and billing information. Security and privacy are at the core of Apple Pay. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element, an industry-standard, certified chip designed to store the payment information safely on the device. Apple Pay is easy to set up. On iPhone, simply open the Wallet app, tap +, and follow the steps to add Himyan credit or debit cards. Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away. Customers will continue to receive all of the rewards and benefits offered by Himyan cards.
Qatar Tribune
21-06-2025
- Qatar Tribune
Fitch affirms QIIB's rating at ‘A' with a stable outlook
Tribune News Network Doha Fitch Ratings has affirmed QIIB's Long-Term Issuer Default Rating (IDR) at 'A' with a Stable Outlook, highlighting the bank's continued strength across key financial and operational indicators. In its latest report, Fitch cited several factors supporting the rating, including QIIB's solid franchise in Islamic banking, strong asset quality, sound profitability, robust liquidity, and relatively low reliance on non-resident funding compared to local peers. The agency noted that the bank maintained high-quality financing assets, with the non-performing financing (NPF) coverage ratio standing at approximately 106% as of first quarter (Q1) 2025 one of the strongest among domestic banks. Fitch also expects QIIB to sustain its profitability, supported by efficient operations and stable customer-based further highlighted that the rating reflects potential support from the Qatari government if needed, underpinned by the sovereign's high credit rating of 'AA' with a Stable Outlook. Commenting on the affirmation, QIIB Chief Executive Officer Dr. Abdulbasit Ahmad al-Shaibei said, 'Fitch's reaffirmation of our 'A' rating underscores the strength of our financial fundamentals and our ability to deliver consistent growth in an evolving market.' He noted, 'This rating reaffirms investor and stakeholder confidence in our strategy and performance. It also reflects the robust support of Qatar's resilient economy, which continues to offer a strong foundation for sustainable expansion.' Dr. Al-Shaibei emphasised that QIIB remains committed to adopting best practices across all areas of banking, with a particular focus on digital transformation, innovation, and delivering value-added Shariah-compliant financial solutions. He concluded by acknowledging the crucial role of Qatar Central Bank, stating, 'We deeply appreciate the sound policies and regulatory guidance of Qatar Central Bank, which continue to provide a stable and secure framework for the banking sector's long-term growth.'
