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Markaz: GCC Markets ended positive as the U.S. Fed indicated a possible end to the rate hike cycle
Markaz released its Monthly Market Review report for the month of November 2023. During the month, Global and GCC equity indices witnessed a rise due to the market participants’ belief of no further interest rate hikes by the U.S Fed and the changing geopolitical tensions in the Middle East
Markaz Named “Best Wealth Manager in Kuwait” by WealthBriefing MENA Awards
Markaz was named “Kuwait’s best wealth manager” at the 2023 WealthBriefing MENA Awards. The award for “Best Private Bank or Wealth Manager in Kuwait” was presented to Mr. Mohammad Alsumaie, Manager – Wealth Management and Business Development at Markaz, on behalf of the Company at a gala dinner in Dubai on November 16th. This achievement is a testament to the organization's enduring commitment to innovative client-centric solutions, its excellence in clients’ servicing, and its status as a partner in wealth creation.
Markaz Sponsors 11th RunKuwait Charity Race to Support Children’s Rehab
Markaz concluded its sponsorship of the 11th edition of the RunKuwait charity race organized by the Fawzia Sultan Healthcare Network (FSHN) on November 11th. The race that took place starting from Murouj aims to support the rehabilitation of children with special needs.
Markaz Strategic Partner in Second MoneyTech Summit
Markaz participated in the second edition of the MoneyTech Summit as a “strategic partner”, reinforcing its position as a leading provider of innovative investment solutions that serve its growing client base . Organized by Al-Jarida Summits on 12 November 2023 at the Grand Hyatt Hotel in Kuwait City, the event brought together renowned experts from the fintech, banking, telecommunications, and other related industries.
Markaz: Q Holding secures the leading transaction in 9M 2023 after revealing plans to merge ADQ Real Estate and Hospitality Investments and IHC Capital Holdings’ assets under the Q Holding umbrella.
Q Holding leads the top GCC M&A transactions during 9M 2023 as per a report recently issued by the Investment Banking Department at Kuwait Financial Centre “Markaz”. The report highlights the USD 7.0 billion transaction that was announced by the Emirati company whereby it revealed its plans to merge ADQ Real Estate and Hospitality Investments and IHC Capital Holding's entities, including Modon Properties, Abu Dhabi National Exhibition Company, and various other assets under the Q Holding umbrella.
Markaz: GCC and Global Markets ended negative as geopolitical pressures rise
Kuwait Financial Centre “Markaz” released its Monthly Market Review report for the month of October 2023. During the month, Global and GCC equity indices witnessed a sharp fall due to the rise in geopolitical tensions in the Middle East and fears of further monetary tightening by the U.S Fed.
Markaz conducts breast cancer awareness seminar for its employees
Reiterating the importance of regular screening and self-examination in the battle against breast cancer, Kuwait Financial Centre "Markaz" conducted an awareness seminar for its employees. Held in support of World Breast Cancer Awareness Month in October, the seminar was organized in collaboration with Taiba Hospital.
Markaz and Gulf Bank Extend Their Long-Term Partnership to Fulfill Customers' Investment Needs
More than a decade since they established a strategic partnership, Kuwait Financial Centre “Markaz” and Gulf Bank continue to leverage their collective strengths and expertise, in pursuit of catering to their clients’ changing needs. The partnership, formalized through a distribution agreement in 2010 of Markaz’s real estate funds, designated Gulf Bank as a Selling Agent of Markaz’s investment funds through its Priority Banking network located in selected branches throughout the country.
Marmore: GCC banks, facing saturation in home markets, might consider expanding into other growth markets
Marmore MENA Intelligence, a subsidiary of Kuwait Financial Centre “Markaz” released its research report which explores the avenues for long-term growth of GCC banks which are facing saturation in home markets and uncertainty in regional economies.
Markaz: GCC IPOs raise USD 6.8 billion in 9M-2023 marking, with the UAE market leading the region in terms of IPO proceeds
Markaz released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, which raised total proceeds of USD 6.8 billion through 29 offerings during the first nine months of 2023, marking a year-on-year decline in value by 56% compared to the first nine months of 2022, where issuers raised USD 15.6 billion through 30 offerings.