Doha Bank on 7 September 2015 tied up with Anil Ambani-led Reliance ADA Group to generate business opportunities in the Gulf Cooperation Council nations and India. Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman are part of the Gulf Cooperation Council (GCC).
The MoU is envisaged to provide tangible business opportunities and further prospects for expansion for Doha Bank and Reliance Group. It will also provide synergy in product development and congruence in mutual infrastructure support.
This tie-up will open new horizons for business reciprocity in financial services. It will include financial services initiatives with Reliance Capital in the areas such as asset management, life and general insurance and distribution of financial services.
The scope of the partnership will strengthen Doha Bank's presence in India and the bank's strategic role in trade finance, banking and financial services across the region. Doha Bank has a robust presence in financial services, telecom, infrastructure, entertainment, power, health care and defence industries.
About Doha Bank
• Incorporated in 1978, Doha Bank is one of the largest commercial banks in the State of Qatar. It commenced its domestic and international banking services in 1979.
• The Bank enables customers to do their banking and investing whenever, wherever and however they choose through an extensive network and multiple access channels.
Now get latest Current Affairs on mobile, Download # 1 Current Affairs App
When: 7 September 2015