Backed by strong growth opportunities in the GCC, the insurance industry is set to grow and reach approximately $28 billion by the end of 2015 and touch the $40 billion mark by 2017, a report said.
"The GCC enjoys a market si
Sustained high oil prices, expansive fiscal and accommodative monetary policies led to a strong rally in the first half of 2013 in GCC markets, according to research by Kuwait Financial Centre Markaz.
All the GCC markets gained am
The GCC contracting industry is witnessing strong growth, which is projected to increase further in the years to come, according to a research report.
This is due to the vast number of projects being planned and executed, the Kuwa
The bond and sukuk market had a poor start to the year in the GCC with total issuance down by 18.7 per cent to $37.6 billion, according to a report by the Kuwait Financial Centre, Markaz.
The month of June predominated in terms of issua
Qatar will be investing approximately QR45 billion ($12.36 billion) on improving and creating road networks during the period between 2011-2015, a report said.
The total value of ongoing road projects in the GCC was an estimated QR65 billi
Gulf Investment Corporation (GIC) said its Shariaa compliant investment vehicle, The Gulf Islamic Fund, ranked first among Shariah compliant funds investing in the GCC with a 24.6 per cent return.
The ranking was given by Zawya Financial S
Private residential land prices in Kuwait are seen rising by up to 10 per cent in 2010 while apartment prices are seen climbing by up to 15 per cent on an expected economic recovery, a report said on Wednesday.
Transactions in the country&
Kuwaiti investment firm Markaz has delayed plans to set up a $100 million fund to tap low prices in the US mortgage debt market.
The firm has also postponed its plan to acquire a financial services firm in Saudi Arabia until the market sta
Kuwaiti investment firm Markaz told Reuters it planned to expand into real estate and financial services in Saudi Arabia and would set up a fund to tap low prices in the US mortgage debt market.
Markaz was looking to acquire a financial se
Kuwaiti asset management firm Markaz is planning a fund of up to $100 million to invest in distressed debt in the US mortgage industry, its general manager said on Wednesday.
'We see real value on distressed debt-based on mortgage fina