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FinancialNews


  • 25-03-19

    Qatar's QIIB forecasts major profit, revenue jump

    (MENAFN) Qatar International Islamic Bank (QIIB) is forecasting a significant boost for income and revenue this year and years to come.

    This projection is attributed to the great potentials coming from major infrastructure development initiatives as well as an accelerated GDP growth.

    It comes while the Qatari bank is prioritizing seeking investments in line with a long-term mechanic as the country prepares for hosting the 2022 FIFA World Cup.

    QIIB's Deputy CEO Jamal Abdullah Al Jamal stated "2018 was a good year for us. We reported 6 percent growth in our profit, and we expect to maintain the same level of growth momentum for 2019."

    According to the official, "QIIB has been working on solid growth strategy and confident to achieve its target given the good growth opportunities as government has made significant budgetary allocations for infrastructure development and other social sector in line with the preparations for the 2022 World Cup and Qatar National Vision 2030."

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