News

QInvest profits beat last year but lag 2015

GrowthQatar-based investment firm QInvest recorded a net profit equivalent to $9.5 million in the first half of the year, more than the corresponding figure for the whole of 2016. However, the half-year figure was less, on an averaged basis, than in 2015, when the firm recorded a full-year profit of $42 million. The firm, which is involved in investment banking, private equity and asset management, registered a modest rise in overall assets to $1.3 billion, an increase of less than 1% compared with 2016. “We remain prudent in our management of risk and have built up a strong liquidity position and an underleveraged balance sheet while also continuing to invest in key global markets on an opportunistic basis,” said Tamim Hamad Al-Kawari, chief executive. QInvest's achievements in the first half of the year including advising a Qatari firm on a $220 million investment into a Turkish retailer and acting as bookrunner on several sukuk issuances. ©2017 funds global mena

Executive Interviews

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

Roundtables

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.

SOUTH AFRICA ROUNDTABLE: Airline syndrome

Jun 13, 2018

Our panellists tell us that instead of launching competing national projects, African countries should work together for the sake of a bigger capital market. Chaired by George Mitton in Cape Town.