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Markaz Report: GCC Fixed Income markets sees USD 28.8 billion in primary issuances during Q3 2024 representing a 14.5% increase from the same period last year.
In its Fixed Income Report, Markaz states that primary debt issuances of Bonds and Sukuk in the Gulf Cooperation Council (“GCC”) Countries amounted to USD 28.2 billion through 84 issuances during Q3 2024, a 14.5% increase from the same period last year. The total value of primary issuances during the first 9 months of 2024 was USD 102.7 billion compared to USD 79.3 billion during the first 9 months of 2023.
29/10/2024
Markaz Hosts Workshop on the Role of Investment Banking in Empowering Companies
As part of its collaboration with Boursa Kuwait and the "Al-Jaras" Financial Literacy Program during World Investor Week, Kuwait Financial Centre "Markaz" hosted a workshop titled "The Role of Investment Banking in Supporting Companies". Held at Boursa Kuwait’s headquarters on 22 October, the session was led by Ms. Rasha Othman, Executive Vice President of Investment Banking (Capital Markets and Fixed Income), and Mr. Abdulrazzaq Razooqi, Senior Vice President of Investment Banking (Advisory, Mergers, and Acquisitions).
24/10/2024
Markaz: GCC IPOs raise USD 1.7 billion in Q3 2024
Markaz released its research report titled “Initial Public Offerings (IPO) in the GCC markets”, stating that the region has seen 7 offerings during the third quarter of 2024 raising a total of USD 1.7 billion in proceeds, marking a 6% increase compared to the third quarter of last year. During the first nine months of 2024, the GCC issuers have raised a total of USD 5.2 billion through 30 offerings compared to the same period of 2023, where issuers raised USD 6.8 billion through 29 offerings.
23/10/2024
Markaz Sponsors Watheefti Career Fair 2024 in Kuwait
As part of its continuous commitment to developing local talent and supporting recent graduates, Markaz sponsored the Watheefti Career Fair, held from October 17 to 19 at The Arena in 360 Mall. Markaz participated in the Watheefti Career Fair as it provides an attractive platform to connect with national talent, engage with job seekers, and assess their capabilities firsthand.
21/10/2024
Markaz’s Technology Champion Initiative powers innovation and growth in digital transformation
Markaz continues to advance its digital transformation in 2024 through its Technology Champion Initiative, a program that has significantly contributed to the company's innovation and technological advancement.
17/10/2024
Markaz reaps seven prestigious awards from EMEA Finance, MEED, Euromoney, and Global Finance in 9M-2024
Showcasing its sustained excellence and innovation in the financial sector, Markaz has been honored with seven prestigious awards within the first nine months of 2024 from EMEA Finance, MEED, Euromoney, and Global Finance. These accolades are testament to Markaz’s unwavering commitment to providing exceptional financial services and innovative solutions to its clients throughout the Middle East.
13/10/2024
Markaz: GCC and Global equity markets up following the Fed pivot
Markaz released its Monthly Market Review report for September 2024. Kuwait continues to be one of the best performing markets in the GCC on a year-to-date basis in 2024, only behind Dubai. GCC and Global equity indices ended positive for the month, supported by investor optimism following the interest rate cut by U.S Fed.
07/10/2024
Markaz hosts an exclusive event for clients and investors to highlight the “GCC Momentum Fund”
Kuwait Financial Centre “Markaz” hosted an exclusive event for its esteemed clients and investors to showcase the performance, potential, and investment opportunities offered by the "GCC Momentum Fund." This special gathering follows the Fund’s prestigious recognition as the “Best Momentum Fund Innovation” by Global Finance during its inaugural year.
02/10/2024
Markaz: GCC and Global markets mildly positive in anticipation of Fed rate cuts
“Markaz” released its Monthly Market Review report for August 2024. GCC markets were mildly positive for the month in anticipation of Fed rate cuts in September, and a favourable outlook for the banks. However, geopolitical uncertainty and a decline in oil price capped gains.
03/09/2024
Markaz introduces Private Credit Portfolio with annual expected returns of 8% to 12%, distributed monthly
Markaz’ has announced the launch of its Private Credit Portfolio, designed to offer diversified income solutions to its professional and qualified clients. Markaz's new portfolio, built on a 50-year legacy as a key partner in wealth creation and expertise in the private credit sector, now offers expected annual returns of 8% to 12%, with an intended monthly distribution.
01/09/2024