Reuters agrees risk management deals with Dubai government and commercial bank of Qatar

Reuters today announced it has signed two deals for its Kondor suite of products in the Middle East with the Government of Dubai, Department of Finance (DoF) and the Commercial Bank of Qatar (CBQ) - the second largest bank in Qatar. Reuters’ head of trade and risk management for the Middle East and Africa, Andreas Raggl, says the move was evidence of increasingly sophisticated use of financial products in the Middle East.

Dubai and the commercial bank of Qatar have purchased the full Kondor suite of trade and risk management products, comprising Kondor+ for the front office, and Kondor Global Risk for the middle office. The Commercial Bank of Qatar will use Kondor+ Trade Processing for the back office, while the Government of Dubai will use Kondor Trade Processing in the same role.

The Dubai Department of Finance intends to use Kondor+ to automate and streamline its treasury operations, while the focus for

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