Sunday 20 April 2014
 
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Kuwait Financial Centre

GCC contracting ‘set for rapid growth’

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

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Gulf banks increase provisions 40pc

Gulf banks are estimated to have made provisions worth $9.4 billion for last year against impairment of assets and credit loss, a massive 40 per cent rise from the previous year, a report said. The provisions, which Gulf banks started to i

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Markaz fund lists on Bahrain bourse

The Markaz Gulf Fund listed on the Bahrain Stock Exchange (BSE) today (May 6). BSE director Fouad Rashid issued a resolution yesterday to list the fund, issued by the Kuwait Financial Centre (Markaz). The resolution was issued following th

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Markaz posts $65m profit

Kuwait Financial Centre (Markaz) has achieved a turnaround with a net profit of KD18.51 million ($65.62 million) in the first half of 2007 compared to a net loss of KD1.46 million in the corresponding period last year. Diraar Y Alghanim, c

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