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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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Al Bawaba
October 30th, 2013 - 10:09 GMT

Sharjah Islamic Bank launches Al Nukhba Programme to develop leadership skills and competencies

"This new system does not include any guidelines for banks to provide a pragmatic and practical non-resident mortgage, which we believe is required to attract a more international investor base,” said Ziad El Chaar, managing director, Damac Properties.
October 30th, 2013 - 10:05 GMT

UAE acts against bubble threat with new mortgage laws

The loan guarantees were announced during US President Barack Obama’s visit to Jordan in March, when he also announced a $200 million in additional aid for 2013.
October 30th, 2013 - 08:29 GMT

Well, that worked well: US- guaranteed Jordanian bonds oversubscribed by 180%

UAE and KSA rank 23rd and 26th within the World Bank report's global ranking (Courtesy of Global Arab Network)
October 30th, 2013 - 07:25 GMT

World Bank ranks UAE and KSA top in region for "ease of doing business"

The Deloitte report indicates that specialisation is a major strategic trend in the banking industry, with risks and benefits both requiring careful assessment.
October 30th, 2013 - 05:55 GMT

Deloitte: Is bank specialisation in the Middle East worth its risks?

The Chartered Institute of Management Accountants
October 30th, 2013 - 05:53 GMT

CIMA announces 2014 pricing campaign

Al Bawaba
October 29th, 2013 - 09:57 GMT

Al Ansari Exchange opens two branches in Ibn Battuta Mall

Despite the growth rate, IIF cautioned the UAE to be proactive in framing policies that would insulate the economy from major problems.
October 29th, 2013 - 09:12 GMT

Short-term memory loss? UAE banks taking too many risks

André Sayegh, CEO of FGB
October 29th, 2013 - 06:01 GMT

First Gulf Bank achieves solid performance with Q3’2013 Net Profit up 12.8% to AED 1,190Mn; 9 Months Net Profit up 13.2% to AED 3,402Mn

Doha Bank branch opening
October 28th, 2013 - 09:02 GMT

Doha Bank opens new branch in Dar Al Salam Mall

Al Bawaba
October 28th, 2013 - 08:50 GMT

NBAD MENA Dividend Leader Fund delivers 6.3% dividends (Annualised)

According to reports circulated through social networking sites, the seized money include currencies of Iran, Iraq, Turkey, India, Indonesia, Bangladesh, Egypt and Morocco.
October 28th, 2013 - 07:59 GMT

$800 million worth of foreign currency seized from Saudi vehicle

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