Latest news with #FahadBadar
Zawya
08-07-2025
- Business
- Zawya
Commercial Bank, QDB sign co-operation agreement to support SMEs in Qatar
Qatar - The agreement aims to enhance the banking and advisory ecosystem available to local businesses by combining the strengths and expertise of both institutions. As part of this initiative, the two entities will jointly offer a suite of value-added services tailored to SMEs, including advisory support in financial planning, marketing, succession planning, feasibility studies, restructuring, and risk management. Commercial Bank, a leader in innovative digital banking solutions, has entered into a strategic co-operation agreement with Qatar Development Bank (QDB) to empower and support small and medium-sized enterprises (SMEs) in Qatar. The agreement aims to enhance the banking and advisory ecosystem available to local businesses by combining the strengths and expertise of both institutions. As part of this initiative, the two entities will jointly offer a suite of value-added services tailored to SMEs, including advisory support in financial planning, marketing, succession planning, feasibility studies, restructuring, and risk management. Additionally, a jointly agreed calendar of workshops will be held throughout the year at either Commercial Bank's or Qatar Development Bank's premises, further supporting SME development and growth. Commenting on the collaboration, Fahad Badar, Executive General Manager and Chief Wholesale and International Banking Officer of Commercial Bank, said: 'This collaboration with QDB reflects our shared vision to cultivate a thriving SME ecosystem in Qatar. Through comprehensive advisory services and knowledge-sharing sessions, we are not only investing in the future of businesses but contributing meaningfully to the development goals of Qatar's 2030 National Vision.' Dr Hamad Salem Mejegheer, Executive Director, SME Development at Qatar Development Bank (QDB), emphasised the significance of the agreement, stating: 'Through this collaboration with our partners at Commercial Bank, we aim to harness our collective expertise to deliver greater impact in entrepreneurship, particularly in supporting SMEs, which form a cornerstone of Qatar's economic development. This agreement represents a new step toward achieving our strategy to enhance and develop the local enterprises, in alignment with the Third National Development Strategy of the State of Qatar (2024–2030).' © Gulf Times Newspaper 2022 Provided by SyndiGate Media Inc. (
Qatar Tribune
07-07-2025
- Business
- Qatar Tribune
Commercial Bank signs agreement with QDB to empower SMEs in Qatar
Tribune News Network Doha In a significant move aimed at strengthening Qatar's small and medium-sized enterprise (SME) sector, Commercial Bank has signed a strategic cooperation agreement with Qatar Development Bank (QDB) to deliver comprehensive support forlocal businesses. Commercial Bank, known for its leadership in innovative digital banking solutions, will work closely with QDB to enhance the financial and advisory ecosystem available to SMEs across the country. The collaboration is designed to empower entrepreneurs by leveraging the combined resources, expertise, and networks ofboth institutions. As part of this initiative, SMEs in Qatar will benefit from a wide array of value-added services, including advisory support in areas such as financial planning, marketing, succession planning, feasibility studies, restructuring, and risk management. The partnership also includes a jointly developed calendar of workshops to be conducted throughout the year at either Commercial Bank or QDB premises, offering hands-on support and knowledge-sharing opportunities for business owners and aspiring entrepreneurs. Commenting on the partnership, Commercial Bank EGM, Chief Wholesale and International Banking Officer Fahad Badar said, 'This collaboration with QDB reflects our shared vision to cultivate a thriving SME ecosystem in Qatar. Through comprehensive advisory services and knowledge-sharing sessions, we are not only investing in the future of businesses but contributing meaningfully to the development goals of Qatar's 2030 National Vision.' Qatar Development Bank Executive Director of SME Development Dr Hamad Salem Mejegheer also highlighted the strategic importance of the agreement. 'Through this collaboration with our partners at Commercial Bank, we aim to harness our collective expertise to deliver greater impact in entrepreneurship, particularly in supporting SMEs, which form a cornerstone of Qatar's economicdevelopment. This agreement represents a new step toward achieving our strategy to enhance and develop local enterprises, in alignment with the Third National Development Strategy of the State of Qatar (2024–2030),' he said. The agreement underscores the critical role that SMEs play in Qatar's economic diversification efforts and national development priorities. By providing entrepreneurs with the right tools, knowledge, and financial guidance, the partnership is expected to create new opportunities for innovation, growth, and sustainable enterprise development in the country.
Qatar Tribune
24-06-2025
- Business
- Qatar Tribune
CB, QDB host workshop to empower Qatari exporters
Tribune News Network Doha In a significant move to bolster the global footprint of Qatari businesses, Commercial Bank, a pioneer in digital and financial innovation, joined hands with Qatar Development Bank (QDB), through its export arm Qatar Exports, to host an exclusive workshop titled 'Contract Financing Workshop.' Held at Commercial Bank Plaza, the event brought together financial experts, exporters, and contractors to delve into the scope and opportunities presented by the Bank's overseas contract financing programme. The workshop aimed to provide in-depth insights into how QDB's export-focused solutions and alternative financing channels can support Qatari contractors in participating in international projects, especially in infrastructure and development sectors. The sessions covered the strategic value of credit insurance, guarantee schemes, and customized financial products designed to de-risk cross-border operations and facilitate smoother access to foreign markets. Representatives from both institutions shed light on the evolving needs of Qatari exporters and how public-private partnerships are crucial in empowering local enterprises to compete on a global stage. The discussions highlighted a shared vision: to ensure that Qatari companies, especially those in non-hydrocarbon sectors, have the tools, knowledge, and financial backing to succeed internationally. Qatar Exports, established by QDB, serves as Qatar's official Export Development and Promotion Agency, dedicated to helping Qatari businesses expand internationally in line with the goals outlined in Qatar National Vision 2030. It provides a wide array of services such as export readiness programmes, international trade missions, guarantee and financing programmes, matchmaking events, market intelligence, and credit insurance. These tools are designed to make Qatari products and services more competitive abroad, especially in emerging and underserved markets. Highlighting the importance of the initiative, Commercial Bank reaffirmed its strong commitment to national development and economic diversification. The Bank described the overseas contract financing programme as a catalyst for driving industrial growth, enhancing cash flow management for large-scale overseas projects, and promoting international partnerships. Commercial Bank Executive General Manager and Chief Wholesale and International Banking Officer Fahad Badar emphasised the importance of collaboration in realising Qatar's export potential. He said, 'At Commercial Bank, we are committed to empowering individuals and enterprises to achieve their professional and financial ambitions. This workshop, organised in collaboration with Qatar Development Bank, aligns with our strategic objective to support Qatari contractors in venturing into international markets. 'The contract financing programme presents a timely and secure opportunity for these contractors to expand their global footprint, supported by our expert financial solutions. Our partnership with QDB is a testament to our shared goal of enabling the growth and success of Qatari businesses.' QDB Vice President of Enterprise Development and Executive Director of Qatar Exports Khalid Abdullah Al Mana echoed similar sentiments while stressing the importance of accessible and targeted support for exporters. He said, 'At Qatar Exports, we are fully committed to providing comprehensive and tailored support to local exporters. Our mission is to ensure that Qatari businesses benefit from the full spectrum of resources and initiatives offered by QDB. 'Hosting such workshops in partnership with leading financial institutions like Commercial Bank allows us to increase awareness and accessibility of key programmes—especially the overseas contract financing programme, which is designed to meet the needs of all Qatari exporters. This initiative plays an essential role in achieving Qatar's vision of building a diversified and export-oriented economy.' The workshop concluded with a Q&A session, providing attendees with an opportunity to explore real-world applications of the financing programme and how it could be leveraged to fuel their international ambitions. By facilitating dialogue between financial institutions, development agencies, and the private sector, the workshop marked a pivotal step in creating a sustainable ecosystem for Qatari exporters. It also underscored the vital role of knowledge-sharing and capacity-building in helping Qatar transition toward a knowledge-based and globally connected economy.
Qatar Tribune
27-05-2025
- Business
- Qatar Tribune
CB named Best Bank for SMEs in Qatar by Euromoney
Tribune News Network Doha Commercial Bank, a leader in innovative digital financial solutions, has been awarded with 'Best Bank for SMEs' in Qatar by the prestigious Euromoney Awards for Excellence for the year 2025. Throughout the years, Commercial Bank has demonstrated stellar financial performance and solutions in the digital banking landscape, becoming the first in the region to launch mobile banking solutions tailored for SMEs. The bank has also introduced remote cheque deposits and a state-of-the-art trade portal, both of which have reflected its forward-thinking approach and commitment to banking excellence. These initiatives have been empowering SME owners with convenience and operational efficiency, driving them to achieve their business aspirations. Over the past two years, Commercial Bank has witnessed a remarkable 63 percent growth in SME clientele as it continues to meet the distinct needs of this very segment. Commercial Bank Group CEO Joseph Abraham said, 'The SME sector is key to the economy and its part of Commercial Bank's goal to provide the best financial services to key sectors of the economy. Innovation and operational excellence are central to our strategy. The recent upgrade of our digital platform reflects our commitment to supporting SMEs with scalable, effective financial solutions. This recognition highlights the progress we've made in improving access, agility, and efficiency, and reinforces our focus on helping clients compete and adapt in a dynamic financialenvironment'. Commercial Bank EGM and Chief Wholesale and International Banking Officer Fahad Badar said, 'Our support for SMEs extends beyond the traditional means of banking –Commercial Bank offers valuable financial guidance and expert advice that not only meet their needs, but also unlock new areas of growth and opportunity. With over numerous active SME customers, we continue to have a significant share of the transaction volumes in the local market. We focus on engaging with SMEs across sectors, servicing them through more digital channels. Additionally, we have partnered with organisations to offer targeted training that drives development and long-term success.'
Qatar Tribune
15-05-2025
- Business
- Qatar Tribune
CB launches new corporate banking app
Tribune News Network Doha Commercial Bank, a leader in innovative digital banking solutions, has unveiled its all-new Corporate Mobile Banking App, setting a new standard for business banking in the region. This state-of-the-art mobile app has been redesigned to transform how corporate clients manage their financial operations by delivering unprecedented speed, security, and convenience through their smartphones. Commercial Bank has consistently pioneered innovative banking solutions, with this new app representing the latest milestone in this journey. The application enables businesses to execute all critical banking operations remotely, from initiating and approving single and bulk transfers to managing corporate cards and generating official bank letters, all protected by advanced biometric authentication. The Corporate Mobile Banking App's revolutionary features deliver complete banking autonomy to corporate clients. Businesses can now approve high-volume transactions, process Wage Protection System payments, settle utility and tax payments to the General Tax Authority, generate critical bank documents, and execute instant transfers through Fawran, all through an intuitive mobile interface. Security being a priority, the app also incorporates biometric login protocols and CB Safe ID verification. Commenting on the launch, Fahad Badar, EGM, chief wholesale and international banking officer of Commercial Bank, said: 'Qatar's dynamic business environment demands banking solutions that keep pace with commercial needs while maintaining rigorous security standards. This app effectively transforms mobile devices into a comprehensive financial tool, by combining cutting-edge technology with user-centric design to empower businesses to conduct operations with unprecedented efficiency.'
