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Banking and Finance

Banking and Finance latest

Markaz records Total Revenue for 9M 2025 of KD 22.67 million
November 6th, 2025 - 04:48 GMT

Markaz records Total Revenue for 9M 2025 of KD 22.67 million

Kuwait Financial Centre “Markaz” (KSE: Markaz, Reuters: MARKZ.KW, Bloomberg: MARKAZ: KK) reported its financial results for 9M 2025 with Total Revenue of KD 22.67 million, as compared to Total Revenue of KD 14.92 million in 9M 2024. The Net Profit attributable to shareholders of Markaz was KD 9.58 million for 9M 2025, compared to KD 3.35 million in the same period last year, and earnings per share was 20 Fils for 9M-2025. Mr. Ali H. Khalil, Markaz’s CEO, stated: “Recent legislative and regulatory developments in Kuwait represent a significant step ...
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Announced at the Eighth Session of the IRENA Assembly, the two projects are being financed through the fifth funding cycle of the IRENA/ADFD Project Facility.
January 14th, 2018 - 05:50 GMT

ADFD Approves $25 Million for IRENA-endorsed Solar Photovoltaic Projects in Mauritius, Rwanda

The banks have not announced a timetable, but Saudi Arabian central bank governor Ahmed al-Kholifey told Al Arabiya television in October that the outlook for the merger would become clear by the end of 2017.
January 11th, 2018 - 11:37 GMT

Saudi British Bank Merger Presses Ahead After Delays

Alizz Islamic Bank
January 10th, 2018 - 01:07 GMT

Alizz Islamic Bank Offers Finance Option to Salaried Individuals

Ithmaar Group Chief Executive Officer, Ahmed Abdul Rahim
January 10th, 2018 - 10:51 GMT

Central Bank of Bahrain Approves Ithmaar’s Dubai Listing

During the event
January 10th, 2018 - 09:25 GMT

Burgan Bank Announces New Winner of Al Thuraya Salary Account Monthly Draw

Pankaj Kundra, Head of Payments at Mashreq Bank
January 10th, 2018 - 06:38 GMT

Mashreq Bank Offers Credit Cards for Every Passion

Abdulwahab Essa Al-Roshood, Group Chief Treasury Officer at KFH
January 9th, 2018 - 01:14 GMT

Kuwait Finance House Group Traded Sukuk Reach $16.6 Billion in 2017

The Minister of Finance said that the State of Qatar has demonstrated its ability to continue in this field and to fulfill all its commitments with other countries.
January 9th, 2018 - 12:53 GMT

Qatar Islamic Bank Third Largest Contributor to Global Growth in Islamic Banking

January 9th, 2018 - 12:23 GMT

Saudi Banks Told Not to Deduct Amount From New Allowance

Wallet Card is the world’s first connected, secure payment card.
January 9th, 2018 - 07:38 GMT

Emirates NBD, Dynamics Inc. to Introduce UAE’s First Battery-Powered, Interactive Payment Card

Richard Teng, chief executive officer, Financial Services Regulatory Authority of ADGM
January 8th, 2018 - 12:41 GMT

Abu Dhabi Global Market, Bahrain EDB Sign Fintech Agreement

From a monetary policy perspective, 2017 was a year in which central banks around the globe shifted, almost in synchronized step. Here's an outlook for 2018. (Shutterstock)
January 8th, 2018 - 12:00 GMT

Where Major Central Banks Are Likely Headed in 2018: Overview

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