Qtel and Doha Bank partner to support SMEs

Qatar Telecom (Qtel) and Doha Bank, have signed an agreement to provide specialised support for Qatar’s Small and Medium Enterprises (SME), through an innovative business solution initiative.

Under the terms of the MoU, Qtel will provide dedicated communications and technology support to members of Doha Bank’s Tatweer Programme, the specialised banking solution for small and medium businesses.

Small businesses, which make up the backbone of Qatar’s economy, have come under significant pressure in 2009 due to global conditions. The partnership is designed to enable Tatweer participants to better manage costs and improve efficiencies.

In addition, Doha Bank customers will have access to a range of specialist communication solutions from Qtel, while Qtel business customers will benefit from a range of enhanced financial solutions and special offers.

“Since financing and technology are two of the most significant challenges for small companies, support from experts in both these fields will provide an important boost in a challenging time,” said Khalid Abdulla Al-Mansouri, executive director, Business Solutions Division, Qtel.

As well as dedicated solution support, the two companies will co-organise a series of special workshops, designed to examine specific opportunities for the SME sector in Qatar, and to highlight potential financial and business solutions that could enable greater company growth.

“We are very proud of this new alliance, which we believe will add significant value for our clients in the SME sector. Since its launch, Tatweer has provided significant advantages for participating companies, and with Qtel’s involvement, we believe we will take this support to new levels,” added Kevin Cain, head – Wholesale Banking of Doha Bank.

Qtel and Doha Bank will shortly be unveiling a range of SME workshops that will take place in the second half of 2009.