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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
December 12th, 2013 - 03:55 GMT

Breaking the ice: Iran establishes task force to reclaim frozen assets

David Bloom, HSBC’s Global Head of Foreign Exchange Strategy
December 11th, 2013 - 08:01 GMT

HSBC’s economists present 2014 global and regional economic trends to more than 100 clients

Year-on-year, the sector’s debt to the domestic banking sector shrank by 19 per cent.
December 11th, 2013 - 03:55 GMT

Mashallah! Kuwait's credit hits 5-year high

During the event
December 10th, 2013 - 08:11 GMT

Al Hilal Bank takes part in Emirates Environmental Group’s ‘Clean Up UAE’ drive with Abu Dhabi Municipality

CIMA
December 10th, 2013 - 07:39 GMT

CIMA Salary Survey 2013 reveals rising earning potential for Management Accountants in the UAE

Saudi Arabia is the largest shareholder of the 56-member Islamic Development Bank which provides members with funding for development projects (File Archive)
December 10th, 2013 - 06:55 GMT

Saudi sizes up Islamic Development Bank share, increases holding to $6.85 billion

In the Middle East, Julius Baer has offices in Abu Dhabi, Beirut, Cairo, Dubai, Istanbul and Manama (Courtesy of Bloomberg)
December 10th, 2013 - 06:36 GMT

Bye bye Merrill Lynch! Julius Baer moves in to Middle East wealth management hot seat

Al Bawaba
December 10th, 2013 - 05:47 GMT

National Bank of Fujairah reaffirms support for UAE’s Nationalisation agenda with ongoing Management Trainee Programme

Al Bawaba
December 9th, 2013 - 10:04 GMT

Emirates NBD wins double recognition at Effie MENA Awards 2013

The fast-rising money supply and paper money circulation in Jordan may be one reason that inflation is on the rise in the country (Courtesy of Jordan Times)
December 9th, 2013 - 07:06 GMT

Why is Jordan's inflation so high? These reasons may surprise you....

The Central Bank of Egypt returned aid to Qatar in December and November, which may be partly accountable for the drop in foreign reserves over the past three months (Courtesy of Gulf Business)
December 9th, 2013 - 05:54 GMT

Three times is not always a charm: Egypt's foreign reserves dip for third month

As a region, we do need public education initiatives to address the need for citizens to save both for now and for the long term, which will provide future generations with firm guidance.
December 8th, 2013 - 05:24 GMT

The Middle East's lack of savings: a ticking time bomb?

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