Qatar Football World Cup: Dukhan Bank and Visa unveil FIFA World Cup 2022 campaign

Qatar Football World Cup: Dukhan Bank and Visa unveil FIFA World Cup 2022 campaign Dukhan Bank has partnered with Visa, a partner with FIFA Legal Payment Services, to launch a special campaign that will give Dukhan Bank Visa credit card holders a unique opportunity to win package packages for the FIFA World Cup 2022, thanks to Visa.

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The campaign, which will run until October 19, will feature 40 winners selected for various competitions to win special match tickets for two, courtesy of Visa, who will travel to various stages of the tournament from the opening ceremony to the final.

Dukhan Bank customers, who spend QR10,000 or more per month using their Dukhan Bank Visa credit card, have a chance to win two packs in the opening, group stage, 16-round, quarterfinals, semi-finals, or finals of the much-anticipated tournament, thanks to Visa.

During the campaign, customers who use a minimum of QR10, 000 per month put themselves in a position to enter the competition to win game tickets in the group stages. Those who use at least QR15, 000 will compete in the semi-finals and 16 games, while those who use at least QR25, 000 per month will be able to win tickets to the group stage, 16 games, and quarterfinals.

In addition, customers who use a minimum of QR35, 000 per month during the campaign will be able to win tickets in the group stages, 16 rounds, quarterfinals, and semifinals. Users of at least R70 000 a month will enter the competition to win opening tickets, collections, 16 rounds, quarterfinals, semifinals, and finals. All of these prizes come with a free Visa.

There will be four games to choose the winners. In the draw there will be one winner in the opening match, five winners in the group stage, one winner in the 16th round, one in the quarterfinals, one semifinalist, and one winner in the final, resulting in a total of 40 prizes for every two and all tickets for the match Visa. For more to know about Qatar World Cup tickets Click here.

Talal Ahmed al-Khaja, chief marketing, and communications officer at Dukhan Bank, said: We are delighted to offer this great opportunity to our loyal customers to enjoy a lasting memory of the Qatar World Cup 2022, the first in the Arab and Middle East countries. This campaign is a giveaway event for cardholders as we strengthen our relationship with Visa.

Dr. Sudheer Nair, head of Visa in Qatar, added: We are delighted to work with Dukhan Bank to bring the 2022 FIFA World Cup to the bank's customers. This promotion will give Dukhan Bank Visa credit card holders a way to enjoy the long-awaited competition while enjoying the benefits of reliable, secure, and seamless digital payment.

Oxford Economics says Qatar sees rising pressure on employment Qatar, which has been hit by a sharp rise in housing prices in the Gulf region, is expected to see increasing rental pressure in the coming months due to the FIFA World Cup, according to Oxford Economics.

We are anticipating continued rental pressure in Qatar in the coming months amid an increase in football-related work at the end of the year, Oxford Economics reported in its latest research report.

Employment rates will also be tightening across the GCC (Gulf Co-operation Council), which is driven by the huge demand for foreigners and migrant workers after the epidemic, it said.

A strong vision will support employment across the region and attract foreign workers, leading to continuous improvement in housing demand and maintaining an increase in the rental share of the CPI or consumer price index. This increase will be measured against the impact of higher interest rates on demand, even if major regional banks do not fully follow US Fed rates.

As the inflation pressure exemplified, it pointed to domestic factors, ranging from regional economic sustainability and its impact on the need for housing and jobs; it will drag inflation on the other side. The housing sector, which accounts for about 27% of the regional consumer basket (Gulf), which is about the same as food and transportation combined, is no longer a burden on inflation, mainly due to higher rental rates.

Qatar is marked by a sharp rise in the sector, at more than 5% year-on-year in May, following five years of inflation, the report said. Overall, Oxford Economics revised its GCC inflation forecast to 3.2% this year, up from the 2.8% forecast six months ago, but will begin to decline in the second half (H2) of 2022.

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However, the GCC inflation rate will remain below the most developed and emerging markets with an average inflation rate of 7.5% worldwide this year. We believe that GCC inflation is approaching its rise, he said, adding that the drivers of higher inflation in the GCC are similar to those in other regions, with food and transportation seeing a significant increase in prices.

It found that GCC households were hampered by rising food prices due to falling food and fuel prices, limited incentives over the past two years that prevented rising domestic prices, and inflation in US dollars, lowering import costs. The strong US dollar, which focuses on local currency, will continue to depreciate foreign exchange reserves, Oxford Economics said, adding that domestic currency has grown in line with the US dollar, with average inflation varying between 4.7% and 8.5% from the end of 2020.

Our view that the US dollar will remain strong, supported by the hawkish state of the US Federal Reserve, suggests that inflation will continue to be contained, the report said. The limited financial and financial resilience used by GCC governments in response to the coronavirus epidemic and the ongoing financial crisis, especially in Saudi Arabia has prevented the accumulation of domestic price pressures.

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