Doha Bank set to open branch in Kerala
PTI Qatar-based Doha Bank will open a state-of-the-art branch in Kochi next week, the only branch of a Gulf Cooperation Council (GCC)-based bank in India. Kerela chief minister Pinarayi Vijayan will inaugurate the branch, which will be located in the LULU International shopping Mall at Edapally, a press statement said Wednesday. It will mainly cater to the needs of the large NRI population, both in Kerala and the Gulf. The inauguration is set to take place on August 27 in the presence of senior government functionaries from Kerala, senior businessmen from Qatar, Board members of Doha Bank and prominent local corporates who have business interest in the GCC. Doha bank, which commenced its operation in Mumbai in April, 2015, provides corporate banking, retail banking, treasury, trade finance ...
Qatar based-Bank imports record volumes of gold to meet demand
Source: PTI As falling gold prices continue to fuel strong buying interest, a Qatar-based bank is building up its gold supply to meet increased consumer appetite for the yellow metal. Doha Bank has imported a record 23,818 ounces of gold in the first seven months of 2015 to keep up with sustained demand from jewellery manufacturer, jewellers, retail and high net worth (HNI) investors. Doha Bank is one of the few banks authorised to import gold in Qatar and offers gold bars and mint coins to its customers at an extremely competitive price. Gold prices fell below $1,100 in July 2015, touching a five-year low, and continue to hover around the mark, triggering heavy buying interest. “Despite the short-term headwinds, gold remains a ...
