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Banking and Finance

Banking and Finance latest

Markaz reports positive performance in 2025, driven by its investment philosophy, institutional expertise, and commitment to creating sustainable value for investors
April 12th, 2026 - 05:37 GMT

Markaz reports positive performance in 2025, driven by its investment philosophy, institutional expertise, and commitment to creating sustainable value for investors

Kuwait Financial Centre “Markaz” held its Ordinary Annual General Assembly meeting on Wednesday, April 8, 2026, with an attendance rate of 72.7%. The assembly approved all items on the agenda, including the Board of Directors’ recommendation to distribute cash dividends of 8% of the nominal share value, or 8 fils per share. In 2025, Markaz recorded total revenues of KD 28.59 million, representing an increase of 41%, compared to KD 20.31 million in 2024. Net profit attributable to shareholders reached KD 10.82 million in 2025, compared to KD 4.46 million ...
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Al Bawaba
October 22nd, 2014 - 08:56 GMT

Sharjah Islamic Bank announces a 33.5% rise in Net Profits to reach AED 295 million for the 3rd Quarter of 2014

Al Bawaba
October 21st, 2014 - 10:16 GMT

US-driven quest against money laundering: Standard Chartered to close thousands of UAE accounts

Al Bawaba
October 21st, 2014 - 08:06 GMT

NCB Capital: KSA telecom sector remains attractive due to high dividends

Al Bawaba
October 21st, 2014 - 05:02 GMT

IBQ sponsors The Ritz-Carlton Doha’s Pink Ribbon Zumbathon


Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
October 21st, 2014 - 03:55 GMT

Enjoying the ride: ME regional banks on plane orders 'funding' boom

On 31 January 2011, Moody’s downgraded the government bond rating for Egypt from BA2 to BA1, and changed the outlook from stable to negative
October 21st, 2014 - 03:55 GMT

Not so moody anymore? Moody's upgrades Egypt's rating to 'stable'

Abdulla Al Otaiba, Senior Managing Director & Group Head -  Global Retail and Commercial Banking, of NBAD
October 20th, 2014 - 10:27 GMT

NBAD supports SME conference

Mr. César González-Bueno, Gulf Bank’s CEO
October 19th, 2014 - 11:21 GMT

Gulf Bank posts operating profit of KD 79.8 Million with net profit up by 10% to KD 26.5 million

Four banks were also listed as being owned or controlled by the Syrian government and sanctioned.
October 19th, 2014 - 11:08 GMT

Allegations denied: US blacklists Lebanese firm for shipping banknotes to Syrian central bank

Al Bawaba
October 19th, 2014 - 09:51 GMT

Al Nahda Women’s Association thanks Al Hilal Bank for financing exclusive Mass Wedding for 10 Emirati couples

Al Bawaba
October 19th, 2014 - 09:40 GMT

Master Card recognizes Mashreq PayPort for revolutionizing the Region’s Mobile Payments landscape

Citigroup announced that it intends to exit its consumer business in Egypt, along with its businesses in other 10 countries.
October 19th, 2014 - 03:55 GMT

Done and over with? Citigroup quits consumer banking in Egypt

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