A host of Qatar’s most innovative companies gathered for the Entrepreneur Middle East Qatar Enterprise Agility Awards 2015 last night. An evening which proved to be a great for banks, who scooped four awards.
Now in its second year, compareit4me was a proud sponsor, and also in attendance, at the prestigious event which took place at Doha’s Ritz Carlton Hotel.
Winners on the night included Qatar International Islamic Bank, who collected the Islamic Banking Innovation Award, Q Invest who picked up the Investment Banking Innovation Award, Qatar Islamic Bank who were given the Retail Banking Innovation accolade and Qatar Development Bank, who won the SME Banking Innovation award.
According to Entrepreneur Magazine, the award winners are businesses who have established themselves as clear industry innovators. They have all been seen to have made significant contributions to the Qatari business arena and set the benchmark for corporations operating in the Gulf Cooperation Council nation.
The volume of awards going to banks comes off the back of a great year for the banking sector, which accounted for 126 percent of the country’s nominal GDP. This growth forecast is set to remain strong with 6.5 percent per annum over the next two years, again down to the expansion of SMEs and businesses outside of the oil and gas sector.
With banks now striving to mirror the pace of the growth by developing new products to support new businesses, it is little surprise their efforts are being recognised.
Other highlights of the event, which was hosted in association with Doha Bank, included the events website I love Qatar winning the Start Up of the Year award and Evently Qatar collecting the Mobile App award.