DOHA: Guardian Wealth Management Qatar will host a seminar at Doha Golf Club on October 8, 2012, aimed at helping investors protect their wealth in times of economic turmoil. The seminar will look at long term asset class returns, strategic versus tactical investment, the beauty of diversification and putting theory into practice. Mike Azlen, Chief Executive of Frontier Asset Management and a university economics professor, will feature as guest speaker for the evening. David Russell, Chief Executive of GWM Qatar, said: “We are delighted that Mike will be presenting at our event and feel his wealth of knowledge and experience will be invaluable to attendees. Mike has a fantastic ability to bring the world of investments to life. He is one of the most sought after speakers on the international financial circuit. “In times of market volatility, it can be tempting to make harried decisions that ultimately damage your investment portfolio. This seminar will explore the best techniques to achieve steady long term returns, as well as market timing and the importance of fund selection. It is free to attend and we expect a strong turn-out.” The presentation is set to run from 6pm until 7pm. A complimentary buffet will be served afterwards.
Fitch rates QIB’s trust certificate issuance programme ‘A(EXP)’
Doha: Fitch Ratings has assigned Qatar Islamic Bank’s (QIB) $1.5bn trust certificate issuance programme an expected rating of ‘A(EXP)’. The issuing entity under the programme is QIB Sukuk Ltd (QIBSL). The programme rating is based on the Long-term Issuer Default Rating (‘A’/Stable) of Qatar Islamic Bank. QIB is the third-largest bank in Qatar by assets and the leading Islamic bank, accounting 36 percent of total Islamic banking assets at end-H112. The bank has a strong franchise in Qatar. The Qatar Investment Authority is QIB’s largest shareholder (16.7 percent).
Siemens names new CEO for Qatar
Doha: Siemens yesterday announced the appointment of Bernhard Fonseka as new Chief Executive Officer for its rapidly-expanding operations in Qatar. Based in Doha, Fonseka will take on his new role at Siemens WLL, the Qatari unit of Siemens AG, from October 1, 2012, and continue to expand the company’s footprint in the Gulf state, the electronics, and electrical engineering company said Thursday. Speaking about his appointment, Fonseka said, “I am delighted to be in Qatar at such an exciting and crucial time, and to participate and engage in the massive transformation that the country is presently undergoing. “At Siemens, we are fully committed to continue growing our business here and to play a leading role in developing further the local expertise needed to meet Qatar’s ambitions in line with its National Vision 2030, which aims at transforming the country into a knowledge-based society.”
The Peninsula
