(MENAFN- The Peninsula) The Peninsula
DOHA: Qatar Islamic Bank (QIB) is participating in Qatar Petroleum's two-day Tawteen Exhibition & Conference, which was kick-started here yesterday, at the Sheraton Hotel. The event is held under the patronage of H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani, the Prime Minister and Minister of Interior.
Tawteen was launched by Qatar Petroleum as a localisation program with the primary objective of strengthening the local Energy and Industry supply chain and creating long term sustainable economic value for Qatar. The Tawteen event features presentations and panel discussions with leaders of Qatar's Energy sector on supplier localization initiatives. It will also give suppliers and investors a chance to engage in one-on-one discussions with representatives from local services and industrial companies, as well as providing potential suppliers and investors with an opportunity to register their interest for new business opportunities within the Energy sector.
Tawteen is also announcing up to 100 opportunities related to Energy & Industry to potential investors and suppliers, which will be awarded to Qatari companies that pass the screening and evaluation process undertaken by QP. QIB's participation in this event is in line with the Bank's strategy to support the national economy through offering accessible financing to the SME sector. Alongside the banks that are participating in the exhibition, QIB will be offering comprehensive financial packages to ensure the success of the investment opportunities. The package gives its subscribers access to a simple 24-hour Banking services.
Commenting on the participation, Tarek Fawzi, General Manager of QIB's Wholesale Banking Group, said, 'We are proud to partake in the Tawteen exhibition as it is aligned with the National Vision 2030, through its efforts towards diversifying the economy and creating various opportunities for investment, in particular, the energy sector which is the main focus of the exhibition. He added, 'During the exhibition, QIB's relationship managers are available for one-on-one discussions with local entrepreneurship and innovation companies for any inquiries.
'Financing the private sector of the country has always been a priority for QIB. Our commitment to supporting local businesses is exemplified through our support to the community, he concluded.
QIB has recently launched three banking solutions for its corporate and SME clients: Islamic Point of Sale (PoS), Wage Protection System (WPS) and a brand new Corporate Online Banking portal. The Islamic POS solution provides an innovative, secure, and highly efficient payment processing services. The new Corporate Online Banking portal provides a highly secure passageway and easy-to-use portal for customers to experience convenient banking for all their banking needs, while the WPS portal has been added to QIB's online solutions to ease the monthly salaries process.
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