QFIB Leads the way For Private Cloud Deployment

QFIB was awarded the prestigious BFSI Deployment of the Year Award by Computer News ME’s (CNME).

Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank, was awarded the prestigious BFSI Deployment of the Year Award by Computer News ME’s (CNME). QFIB, amongst 13 other financial institutions shortlisted for The ICT Achievement Awards 2011, was honoured for taking a major step in embracing cloud technologies for Core Banking, Email, Enterprise Resource Planning (ERP). The award was presented at a gala evening function which was held at The Monarch Hotel in UAE, Dubai where more than 350 delegates from the region’s ICT sector attended.

“Our IT strategy has always been to adopt global best practices and latest standards of technology to support the growing needs of the business. This award comes as a testimony to the leading role our IT team has played in the transforming the business.” commented Emad Mansour, QFIB’s CEO.

QFIB has taken a major stride in embracing cloud technologies, not just for email but also for ERP and other core banking applications. It has also been actively pursuing certifications in COBIT and ITIL making IT central to leading transformation within the business.

QFIB is the first investment bank in Qatar to receive such an accreditation for its IT Department and Data Center. Earlier this year, The Bank received the ISO 27001 international certification.

The ICT Achievement Awards organized by Computer News ME (CNME), the premier ‘technology in business’ magazine of the Middle East, recognizes the achievers and trend-setters of the IT industry in the region.

Qatar First Investment Bank examines how Qatar 2022 will help spur PE activities

CEO to participate in Super Return Middle East 2011 conference

Qatar First Investment Bank (QFIB), Qatar’s independent Islamic investment bank, today announced its high-level participation in the 5th annual Super Return Middle East Conference 2011, which will be held on the 17th – 19th of October at the Ritz-Carlton, Dubai International Financial Centre Dubai, UAE.

QFIB CEO Emad Mansour, will be joined by over 100 expert speakers to examine the future strategies of PE in the region in light of the current economic crisis and the Arab spring.

Mansour will be participating in a discussion entitled Considering the Massive Infrastructure Build for Qatar 2022& Repatriation of Capital: Where Can Private Equity Invest & What Opportunities Are Available. With US$65bn expected to be spent on construction, logistics, transport and infrastructure to prepare Qatar for the mega sporting event over the next decade, Mansour will present his views on how PE can leverage on this opportunity.

“PE firms in the region have a positive outlook on sectors that will benefit from government spending such as the energy, healthcare and general infrastructure construction. There is no doubt that Qatar’s vast spending planned ahead of the 2022 world cup will attract foreign capital to such sectors.”

Mansour will also be hosting a networking roundtable for Qatar during the conference to highlight the current developments in the country and its future growth.

The Super Return Middle East 2011 is the leading regional conference addressing issues of concern in the PE arena. Running in its fifth year, the conference will highlight the developments, growth opportunities and challenges facing the PE industry in the MENA region.