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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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The bank's corporate banking, private banking and investment banking activities in the UAE are not part of the review, according to the sources.
August 13th, 2013 - 12:17 GMT

Barclays reconsidering its retail operations in the UAE

Burgan Bank
August 12th, 2013 - 11:27 GMT

Burgan Bank Group announces a record high Second Quarter performance

Al Bawaba
August 12th, 2013 - 10:01 GMT

NBAD appoints Group Chief Information Officer

The recent rush by UAE banks to lend at lower interest rates to corporate borrowers has been criticized as ‘irrational exuberance’.
August 12th, 2013 - 09:17 GMT

Are UAE banks displaying irrational exuberance?

With the exception of Bank Audi, which posted a 21.78 percent increase in net loans, the loan portfolios of Byblos, BLOM, Bank of Beirut and BEMO contracted respectively by 0.48 percent, 0.67 percent, 1.37 percent and 4.39 percent.
August 7th, 2013 - 11:54 GMT

Lebanese banks suffering contractions

Syria’s economy has been hurt by depletion of foreign reserves that were estimated at around $16 billion to $18 billion before the conflict.under an article in the bloc’s regulations on Syria, “the release of frozen funds or economic resources may be authorized when this is necessary for humanitarian purposes.”
August 7th, 2013 - 11:22 GMT

Syrian regime seeks frozen bank accounts for vital food supplies

Ahmed Al Marzouqi, General Manager, Retail Distribution, Emirates NBD
August 7th, 2013 - 09:47 GMT

Emirates NBD enables 18 lucky customers to visit one of the Seven Wonders of the World

Al Bawaba
August 7th, 2013 - 07:20 GMT

Mashreq’s 3 E Cube Retail Concept inaugurated in Ibn Battuta branch

In its latest series of studies, The Future of Retirement: A new reality, HSBC looked into the obstacles that prevent consumers from saving for their later life.
August 7th, 2013 - 06:43 GMT

The new realities of retirement in the UAE

The country has run through more than $20bn in reserves, borrowed billions from abroad and delayed payments to oil companies to support its currency since its popular uprising in early 2011 (Getty images).
August 6th, 2013 - 10:36 GMT

Thanks to Gulf States, Egypt Foreign Reserves Highest in 20 months

During the event
August 6th, 2013 - 09:43 GMT

Jordan Ahli Bank hosts unique Happy Day Iftar

ADIB's Exhibition - The Road from Jerusalem to Mecca and Medina
August 6th, 2013 - 07:52 GMT

ADIB extends historical exhibition through Eid Al Fitr

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