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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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During the event
February 29th, 2016 - 10:25 GMT

Hussain Al Qemzi and Noor Bank win at EMEA Finance Middle East Banking Awards

Around $5.5B of remittances come from Lebanese working in the GCC. (File photo)
February 29th, 2016 - 06:00 GMT

Lebanon banks deny Gulf nationals are withdrawing deposits

Malek Khalife, NBK's General Manager, Private Banking Group receiving the three awards from Euromoney
February 29th, 2016 - 05:46 GMT

NBK awarded “Best Private Bank for 2016 in Kuwait”

Sharjah Islamic Bank’s ordinary general assembly meeting
February 28th, 2016 - 10:27 GMT

Sharjah Islamic Bank approves a cash dividend of 10%

Only 36 countries have ever convicted someone for terrorism financing and only 40 have used targeted financial sanctions, according to the FATF executive secretary. (Twitter)
February 28th, 2016 - 10:00 GMT

Loopholes in fight against terror funding require intensified efforts: G20

Mr. Abdulaziz Al-Helaissi
February 28th, 2016 - 09:59 GMT

Gulf International Bank b.s.c. announces a 5.6 per cent increase in full year profit to $90.4 million

The debt maturity profile of the region is expected to rise until 2020. (File photo)
February 28th, 2016 - 07:00 GMT

The depths of debt: GCC must repay $94B in bonds and loans by 2017

THe S&P downgrade coincided with Bahrain launching a $750 million, two-part bond reopening. (Shutterstock)
February 25th, 2016 - 01:00 GMT

Bahrain denounces 'unwarranted' ratings downgrade

The new offer follows the cancellation of a $750m sale last week. (File photo)
February 25th, 2016 - 05:00 GMT

Bahrain launches $600M bond sale despite junk status rating

During the event
February 24th, 2016 - 10:12 GMT

FGB sheds light on successful women in the Arab World at Global Women’s Forum Dubai

As importers sought foreign currency from a growing black market, pressuring the value of the pound, the central bank has taken measures to control the market. (File photo)
February 24th, 2016 - 08:00 GMT

Egypt's Central Bank eases restrictions on import requirements

Al Bawaba
February 24th, 2016 - 06:00 GMT

Lebanese banks removed from financial watchdog list

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