Latest news with #QR5
Qatar Tribune
08-07-2025
- Sport
- Qatar Tribune
Hannan CC win Qatar Champions League 2025
Tribune news network Doha, The grand finale of the Qatar Champions League 2025, organized by Lagaan Cricket Club, concluded with remarkable success at the Qatar Foundation Cricket Ground, on 4th July-2025 drawing a vibrant crowd and an electrifying atmosphere. The highly anticipated final featured Hannan Cricket Club and CCRC Warriors in a thrilling 6- over encounter. After winning the toss, CCRC opted to field first. Hannan posted a solid total of 62 runs for 6 wickets, led by impactful contributions from Daniel Archer (15 off 8 balls), Ahmad Imran Koteshwara (14 off 12 balls), and Tony Archer (13 off 5 balls). In response, CCRC Warriors managed 45 runs for 6 wickets, with Zeeshan Shani (12 off 6 balls) being the only double-digit scorer. Hannan's bowlers – including Rislath, Daniel Archer, Sreelal Lalu, Rahul CJ, and Abdul Rauf Madin – each picked up a wicket to ensure a tight grip on the game. The 'Man of the Final' was awarded to Daniel Archer for his all-round performance. Ahmad Imran Koteshwara of Hannan CC earned the 'Best Batsman of the Tournament', while Umar Afridi of CCRC Warriors claimed both the 'Best Bowler' and 'Best All-Rounder' awards for his consistent performance throughout the tournament. The prize distribution ceremony was graced by several dignitaries including EP Abdul Rahman, President of the Indian Sports Centre, Hamsa Yousuf, General Secretary of ISC, the popular RJ Nazia Amir (FM 107 Radio Qatar), and Obaid Tahir, President of Lagaan Cricket Club. They collectively distributed trophies and cash prizes, with the champions receiving QR5,000, and the runners-up QR3,000. Vice President and Chief Organizer Muzaffar Uddin Musharaf and General Secretary Nafis Hussain extended their sincere gratitude to all participating teams, umpires, scorers, volunteers, and the enthusiastic audience. Special thanks were given to Wali Uddin (Team Manager), Osman (Technical Coordinator), and Syed Musa Muzaffar Uddin (Media Lead) for their crucial roles in the successful execution of the tournament. The tournament was supported by Al Ragadha Advertising, Buyer Solutions, Ibaad Sports, and Badargo. This marked the second successful tournament of the year organized by Lagaan Cricket Club, known for promoting grassroots cricket in Qatar.
Qatar Tribune
05-07-2025
- Business
- Qatar Tribune
QCB issues treasury bills worth QR1.75 billion
DOHA: Qatar Central Bank (QCB) has issued treasury bills for maturities of 7 days, 28 days, 91 days, 189 days, 280 days, and 364 days, worth QR1.75 billion. In a post on the X platform, QCB said that the treasury bills issued were distributed as follows: QR500 million for a 7-day term (New Issuance) at an interest rate of 4.610 percent, QR250 million for a 28-day term (Tap Issuance) at an interest rate of 4.620 percent, QR250 million for a 91-day term (Tap Issuance) at an interest rate of 4.516 percent, QR250 million for a 189-day term (Tap Issuance) at an interest rate of 4.385 percent, QR250 million for a 280-day term (Tap Issuance) at an interest rate of 4.289 percent, and QR250 million for a 364-day term (New Issuance) at an interest rate of 4.220 percent. According to QCB, the total auction bids for the treasury bills amounted to QR5 billion.
Qatar Tribune
03-07-2025
- Business
- Qatar Tribune
QCB allots QR1.75 bn in bill auction, draws QR5 bn in bids
Tribune News Network Doha In a move aimed at managing liquidity in the banking sector and reinforcing its monetary policy framework, the Qatar Central Bank (QCB) successfully concluded its latest auction of QCB bills on Thursday, allocating a total of QR1.75 billion to participating banks. The auction attracted bids worth QR5 billion, reflecting strong demand for the central bank's liquidity management instruments. The allocation was spread across various tenors ranging from 7 days to 364 days and included both new issuances and tap issuances. A new issuance for a 7-day tenor accounted for the highest single allocation, with QR500 million allotted at a yield of 4.610 percent. The highest yield in the auction was recorded for the 28-day tenor tap issuance, which saw an allocation of QR250 million at a yield of 4.620 percent. A 91-day tenor, also through tap issuance, was allocated QR250 million at a yield of 4.516 percent. The 189-day tap issuance attracted the same amount, with a slightly lower yield of 4.385 percent. Longer-dated maturities included a 280-day tap issuance and a 364-day new issuance, each with allocations of QR250 million. These carried yields of 4.289 percent and 4.220 percent, respectively — the lowest among all the tenors offered in this round. The mix of new and tap issuances shows QCB's flexible strategy in supporting market liquidity and sustaining a predictable short-term yield curve. Tap issuances, in particular, offer the central bank an efficient tool to reissue existing bills in response to market appetite. The successful completion of this auction underscores QCB's ongoing commitment to effective monetary policy operations and its proactive role in ensuring liquidity management within Qatar's banking system.
Qatar Tribune
07-05-2025
- Business
- Qatar Tribune
Snoonu unveils biggest-ever cash giveaway in Qatar
Tribune News Network Doha After days of speculation, leaked footage, and unexpected headlines, Snoonu on Tuesday officially unveiled its newest and most ambitious campaign 'Millions Await', a five-month journey of surprise, excitement, and meaningful engagement with our community. Over the next five months, Snoonu users will have the chance to win over QR5 million in cash prizes, including a grand prize of QR2 million, simply by placing their everyday orders. With a minimum order of just QR50, for most of the customers it won't even mean increasing their spendings, literally everyone gets a fair chance to win. The story behind the campaign is just as powerful as the prizes themselves. At the press conference, Snoonu CEO Hamad Al Hajri said, 'We wanted to launch this campaign in a way that reflects who we are — not just a tech company, but storytellers and experience builders. Millions Await is more than a giveaway. It's a statement of a 'thank you' to our customers and a reminder that innovation can still be fun, bold, and deeply human.' The buildup began with an intentional leak from inside Snoonu headquarters, full of confusion and urgency. Even Hamad was seen returning early from an international speaking engagement, adding to the speculation. 'We're storytellers. We're builders. But above all, we're people,' Hamad noted. 'Behind every bold idea, every screen and every success story is a team that feels, thinks, and sometimes struggles. This campaign was designed to surprise, yes — but also to remind our audience of the value of empathy, well-being, and connection. The main goal of this campaign is to activate our role as a leading local Qatari super app and to drive positive change within our community and the wider ecosystem.' Millions Await launches under the umbrella of S5, the next era in Snoonu's ecosystem journey. This evolution integrates five core verticals, pushing the limits of what a super app can achieve, grounded in genuine human connection.
Zawya
11-02-2025
- Business
- Zawya
Qatar: Mortgage transactions reach over $6bln in Q4, 2024
Doha: The volume of mortgage transactions of the real estate sector in Qatar recorded 332 transactions with a total amount of QR24.947bn during the fourth quarter (Q4) of last year. Meanwhile the volume of mortgage transactions during Q4 2023 totalled 318 with a amount of QR9.077bn. Comparing the transactions of the last year with 2023 shows a surge of 174 percent on year-on-year basis. Al Rayyan Municipality registered the highest number of mortgage transactions with 105 (equivalent to 31.6 percent) of the total number of mortgaged properties, followed by Doha Municipality with 103 transactions (equivalent to 31 percent). Then Al Dhaayen Municipality with 51 transactions (equivalent to 15.4 percent) of the total number of mortgaged properties, according to data by Ministry of Justice. Regarding the value of mortgages in Q4 2024, Doha Municipality comes first with amount of QR16.081bn while Al Shamal Municipality registered the lowest value which reached QR1.800m. Comparing to Q4 2023, Doha Municipality comes first with amount reaching QR5,787bn while Al Shamal Municipality registering the lowest value of QR6.762m. Considering the indicator of movement of mortgage transactions by studying the ratio of the number of mortgaged properties to the ratio of their financial value, the data revealed the ratio of the number of mortgaged properties is greater than the ratio of the amounts of mortgage transactions in all municipalities that witnessed mortgage transactions, except for Doha and Al Wakrah municipalities. It was found that the amounts of mortgage transactions achieved a higher rate compared to the number of mortgage transactions. A quick glance and tracking the movement and volume of mortgage transactions that were processed during Q4 2024 it showed that Doha Municipality registered six mortgaged properties while Al Rayyan and Al Wakrah municipalities has registered two properties for each of the top ten mortgaged properties. The volume of mortgage transactions for the top ten properties reached 69 percent of the total value of all the mortgage transactions that were processed during Q4 2024. In 2023, Al Rayyan Municipality registered the highest number of mortgage transactions with 130 (equivalent to 40.9 percent) of the total number of mortgaged properties, followed by Doha Municipality with 90 transactions (equivalent to 28.3% percent). Then Al Dhaayen Municipality with 35 transactions (equivalent to 11 percent) of the total number of mortgaged properties. Meanwhile, during Q4, 2024 of previous year the trading movement in the residential units witnessed a decrease in trading volume compared to same month last year where the number of deals reached 256 for the residential units with a total value of QR512.894m. The trading volume revealed the value of top 10 properties for Q4 2024 registered five properties in Doha Municipality, two properties in Al Dhaayen, and one property each in Al Rayyan and Umm Salal and Al Wakrah municipalities. Qatar's Third National Development Strategy (NDS3) relies heavily on the real estate sector. The goal is to make Qatar more attractive to investors and businesses. It aims to create a welcoming environment for both investors and skilled workers and to prioritise economic sectors and ensure a high quality of life for everyone living in Qatar. © Dar Al Sharq Press, Printing and Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (
