QCB
Qatar Central Bank (QCB) has announced a bank holiday to be observed on Sunday, March 3. All financial institutions in the country will be closed on this day and will reopen their doors to the public the next day, March 4, 2024. In a stateme..
In a recent social media update, Qatar Central Bank issued directives for 'Electronic Know Your Customer' to streamline and enhance customer identification procedures. This initiative aligns with the financial sector strategy and Fintech stra..
Qatar Central Bank (QCB) announced on Monday that it has officially opened the application process to obtain a license to provide the 'Buy Now Pay Later' (BN PL) services, noting that applications will be accepted until Nov. 3, 2023. In a ..
The Qatar Central Bank (QCB) has urged companies that are willing to operate the buy now, pay later (BNPL) system to submit applications in order to receive the license from the bank. In a statement on Saturday, QCB outlined that it will receive t..
Qatar Central Bank issued today a list of sectors that will benefit from not increasing the interest rate on existing credit facilities at banks. The exempted sectors include the housing sector and consumer loans for Qataris (including private hou..
Qatar Central Bank (QCB) announced on Thursday, July 27, 2023, that - upon the state's directives, it has decided to exempt customers from paying any additional costs on consumer financing, on loans granted against customers' salaries, and on..
The Qatar Central Bank (QCB) has announced that it will raise the interest rate by 25 basis points. It said the decision to raise the interest rate will come into effect from Thursday. According to the bank’s official account on Twitter, it ..
Qatar Central Bank (QCB) has introduced some amendments to the real estate financing (mortgage) regulations, to include determining the maximum-loan-to-value (LTV) and tenure- for mortgages within Qatar, which will be applied to Qatari banks and subs..
International reserves and foreign currency liquidity of the Qatar Central Bank jumped last March to reach QR 237.095 billion, an increase of 12.51 percent, compared to QR 210.716 billion in the same month last year. The figures issued by the Qata..
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