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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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HSBC will discontinue sales of any new Wealth Investment or Wealth Insurance products in Lebanon, Jordan and Bahrain from 07 October 2013.
September 1st, 2013 - 01:39 GMT

HSBC suspends wealth management in three MENA countries

Globally, we're all on another merry-go-round in chasing growth (Photo Credit: Getty images).
September 1st, 2013 - 12:31 GMT

As the US/Syrian debacle continues, where do GCC financial markets stand?

Al Bawaba
September 1st, 2013 - 11:51 GMT

Emirates NBD the main sponsor of Al Nasr Football Company for fifth consecutive year

Al Bawaba
September 1st, 2013 - 10:52 GMT

HSBC Bank Oman rewards Mandoos savings scheme winners with 200,000 Omani Riyals

The bank has said it is providing financial institutions with U.S. dollars at the rate of 175 pounds since last month.
September 1st, 2013 - 09:45 GMT

Syrian regime has had enough --with currency flight

QNB Group, the largest GCC bank by assets, is the only Qatari bank in the top ten list and was the fastest growing bank with total assets expanding by 30 percent in the 12 months to end-June 2013.
September 1st, 2013 - 07:38 GMT

Top ten GCC banks among the fastest growing globally

Jordan Dubai Islamic Bank
September 1st, 2013 - 05:05 GMT

Jordan Dubai Islamic Bank adopts Microsoft’s virtual desktop infrastructure technology

During the event
August 29th, 2013 - 08:35 GMT

Emirates Islamic Bank organises open day for UAE Nationals

While the correction in Dubai was partly due to the geopolitical tension, it was also looking for a chance to correct, as some experts believe it was an overheated market.
August 29th, 2013 - 07:30 GMT

Dubai and Saudi bourses see heavy buying, others still struggling

Foreign investors saw “a good opportunity” in the sharp drop.
August 28th, 2013 - 04:19 GMT

Opportunities for the rational: how opportunists are rescuing GCC markets

Al Bawaba
August 28th, 2013 - 10:16 GMT

Mashreq revolutionizes payment acceptance by launching Payport

Al Bawaba
August 28th, 2013 - 09:41 GMT

NBAD appoints Head of Commercial Banking Gulf

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