Commercial Bank, Alternatif Bank support Turkish companies’ expansion into Gulf
<p>Doha, Qatar: Commercial Bank and Alternatif Bank brought Turkish companies and key regional stakeholders together at ‘Beyond Borders: Empowering Turkish Business in the Gulf Region,’ held with the support of the Foreign Economic Relations Board of Türkiye (DEİK). Senior representatives from National Bank of Oman and United Arab Bank, in which Commercial Bank holds equity stakes, also…
On Doha, Qatar, Commercial Bank and Alternatif Bank organized the event 'Beyond Borders: Empowering Turkish Business in the Gulf Region' with the support of the Foreign Economic Relations Board of TÜRKİYE (DEİK). Senior representatives from National Bank of Oman and United Arab Bank attended, with Commercial Bank holding equity stakes in the latter. The gathering aimed to explore investment, financing, and growth opportunities across the Gulf, strengthening economic and commercial ties between Turkey and Gulf countries.
High-ranking officials, including Commercial Bank's Group CEO Stephen Moss, DEİK TÜRKİYE-Qatar Business Council Chair Abdullah Altunkum, United Arab Bank CEO Shirish Bhide, and National Bank of Oman CEO Abdullah Al Hinai, participated. Guest speakers Prof. Dr. Hakan Kara and Prof. Dr. Ahmet Kasım Han discussed the outlook for Turkey and Gulf markets, geopolitical developments, and regional economic conditions.
Omar Hussain Alfardan, Chair of Alternatif Bank and Vice-Chairman and Managing Director of Commercial Bank, expressed optimism about potential long-term partnerships between Turkey and the Gulf, emphasizing the complementarity of Turkey's manufacturing and entrepreneurial strengths with the Gulf's investment capacity and regional connections. Hussain Alfardan stated that 'Beyond Borders' would turn potential into tangible prospects and forge new connections among business leaders.
Group CEO Stephen Moss reiterated the event's significance in strengthening cooperation between Turkey and the Gulf, highlighting the role of their regional financial network in expanding economic ties. He mentioned the 35.89% stake held by Commercial Bank in National Bank of Oman and the 39.99% stake in United Arab Bank as crucial elements of their regional presence.
Chair of the DEİK TÜRKİYE-Qatar Business Council Abdullah Altunkum noted the significant potential of the Gulf for Turkish businesses and highlighted the aim to turn strong relations into more trade, investment, and cooperation. He emphasized Qatar's financial strength, investment capacity, and opportunities across various sectors as a vital partner for Turkish businesses in pursuing opportunities in the region.
Written by urgent.news from The Peninsula Qatar Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
