Doha Bank has recently converted its Representative Office into a full-fledged Commercial Branch and is located in the bustling Manhattan of Dubai, 21st Century Towers on Sh. Zayed Road.  The expansion is in line with the bank's strategy to spread its wings in various continents with a combination of Representative Offices and branches to serve its large customer base that have dealings in the various countries and to meet their international banking needs.

The gross domestic product of Dubai as of 2006 was USD 46 billion, a jump of 16% from 2005 figure. Per capita GDP is approximately $31,140. Revenue from oil and natural gas only accounts for 3% of the GDP. Dubai has the most diversified revenue stream in the Gulf region totally detaching and delimiting itself from “Black Gold. Around 4/5 of business activities are powered by trade, construction, financial services, transport, logistics and tourism.    

In the international trade, Dubai’s total imports in 2006 were Dhs 163.58 billion with total export of Dhs 50.59 billion.  Its re-export was worth Dhs 39.87 billion. The emirate is the third largest re-export center, ranked behind Hong Kong and Singapore.

With the soft launch of the Dubai branch, Doha Bank will be able to participate in cross border lending and investment opportunities in the UAE and Qatar. As trade between the two countries increases, Doha Bank, Dubai Branch will help serve these strong commercial relations.  Besides, as Dubai is centrally located between the East and the West, the branch will be geared to facilitate businesses with the bank’s New York Branch and the Representative offices in Turkey China, Singapore and soon South Korea. 

The bank provides a complete range of services both, for the wholesale and retail customers in domestic and foreign currencies, besides full range of services in Nostro account and payments, trade and treasury and a complete range of quality products and services at very competitive pricing. 

Doha Bank is fully committed to provide products and services that meet Dubai consumers’ needs. Doha Bank differentiates itself from the rest of the regional players by offering tailor-made packages designed to suit the requirement of the discerning Dubai customer. 

Doha Bank for the fifth year in succession received the “Best Commercial Bank” award from Banker Middle East for the year 2007, Best Commercial Bank in the Middle East in 2006, in continuation of the earlier awards as the Best Commercial Bank” for 2005.  Doha Bank also bagged the “Best Bank in Qatar” from the Banker for the year, 2006, 2004 and 2003 besides Euro money awarding the “Best Bank in Qatar” for the year 2005 thus demonstrating its commitment to continuously strive to bring the best of the service to its customers and the best value to its Share holders.

Doha Bank will officially launch their Dubai branch after the holy month of Ramadhan, some time during the month of October 2007.