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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 More… |
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Gulf banks increase provisions 40pcGulf 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 More… |
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Markaz fund lists on Bahrain bourseThe 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 More… |
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Markaz posts $65m profitKuwait 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 More… |
