Saturday 23 June 2018
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


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


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


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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