
Markaz Exited over USD100 million of Industrial Real Estate Projects in the US and Europe over the past few months
As it marks 50 years of pioneering investment excellence, Markaz remains committed to creating long-term value for its clients through global insight, innovative strategies, and a foundation of trust and performance.
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Al Bawaba
15 hours ago
- Al Bawaba
Gulf Takaful Insurance Company successfully completes capital increase of KWD 7 million
In its capacity as the issuer, Gulf Takaful Insurance Company K.S.C.C. 'GTIC', and the Kuwait Financial Centre 'Markaz', the lead manager and subscription agent, announced in a joint statement the successful completion of GTIC's capital increase, raising a total value of KWD 7 million through the issuance of 70,286,789 ordinary shares at a subscription price of 100 Kuwaiti fils per share, representing 70% of the issued and paid-up capital of the company. The subscription period for the rights issue ran from 10 June to 24 June Mubarak Othman Al-Ayyar, Chief Executive Officer (CEO) at Gulf Takaful Insurance Company, expressed his contentment with the successful subscription process, which reflects the shareholders' confidence in the quality and performance of the also praised the professionalism with which the subscription was managed by Markaz, stating: "The subscription process fulfilled all the necessary regulatory procedures for the issuance of shares. The proceeds from the capital increase will be directed toward enhancing the company's solvency margin in line with prevailing regulatory will also contribute to implementing the company's expansion strategy, supporting its general corporate purposes, continuing the execution of its plans, and strengthening its position in the Takaful Insurance Sector both locally and regionally. We value the active role played by all , the Insurance Regulatory Unit (IRU) officials, the Ministry officials, the Capital Markets Authority and Kuwait Clearing Company team in the successful execution of the capital increase. We also thank team Markaz for managing the subscription process with utmost professionalism, efficiency, and seamless coordination across all stages of the offering." On this occasion, Mr. Ali H. Khalil, Chief Executive Officer at Markaz, stated: 'We are proud at Markaz to have played a pivotal role in the success of the subscription process as the issuance manager and receiving agent. This reflects our ongoing commitment to supporting our clients in achieving their strategic growth goals. We mobilized our extensive expertise in the capital markets sector and our highly skilled teams to ensure the subscription process was carried out in accordance with the highest professional and regulatory standards. We thank Gulf Takaful Insurance Company for their valued trust in Markaz's capabilities to manage the capital increase subscription. This achievement highlights the strength of our partnership and further reinforces our position as a trusted partner in the investment banking sector."


Al Bawaba
17 hours ago
- Al Bawaba
LG Presents New Space- and Energy-efficient Refrigerator Lineup at Ifa 2025
LG Electronics (LG) is unveiling its latest refrigerator lineup for the European market at IFA 2025. Designed to deliver top-tier energy efficiency, the new french door and bottom-freezer models have been developed specifically for Europe's unique housing environments and consumer lifestyles, reflecting LG's extensive research into local needs and preferences. The lineup combines energy-saving performance, smart features and space-efficient styling that integrates seamlessly into modern Energy EfficiencyResponding to increased demand for energy-efficient appliances across Europe, LG is introducing models that meet – and significantly surpass – the European Union's highest ('A') energy rating. The new bottom-freezer model exceeds the requirement for the A rating, while the French door model has impressively earned an A rating, despite being in a category where such ratings are rare. LG's exceptional energy efficiency was made possible by its optimized insulation design tailored for the European market, as well as AI-based features that help reduce electricity consumption by learning household usage patterns and optimizing compressor operation during periods of low & Max: Perfect Fit and Maximum PerformanceDesigned for Europe's typically compact kitchens the new lineup features LG's Zero Clearance Hinge, enabling doors to open fully (up to 110 degrees) even when placed flush against a wall. Sleek exteriors with LG's Premium Flat Door design create a refined, built-in features elevate convenience and efficiency to make every day easier and power bills more manageable. AI Fresh monitors your door-opening habits over three weeks and lowers the temperature in advance during peak times. This helps reduce sudden temperature changes when the door is opened, keeping food fresher for longer. AI Saving Mode analyzes use-behavior and intelligently adjusts cooling performance during low-usage periods, helping save LG's MAX concept – maximizing space efficiency and food freshness – the lineup features a variety of storage solutions that enhance interior usability, including the Retractable Shelf for tall or bulky items, and generous interior capacity. Freshness technologies include Linear Cooling™ to minimize temperature fluctuations, Door Cooling+™ for fast, even cooling, and Fresh Converter+™ with customizable storage zones for meat, fish and French Door Refrigerator Boasting Built-In Look, Practical FeaturesThe new french door model presents LG's first Thin Door design with both an ice and water dispenser, plus the installation flexibility of the Zero Clearance Hinge. The Ultra Slim In-Door Ice Maker saves storage space while delivering a steady supply of enhancements include an optimized basket design that reduces the risk of bottles tipping over when opening or closing. Deeper shelves improve internal storage capacity, aligning with the needs of European lifestyles. Soft Closing Doors prevent slamming, ensuring smoother and quieter Bottom-Freezer Designed for FlexibilityDesigned to fit real European kitchen environments, the new bottom-freezer series offers a variety of sizes and capacities. Adjustable shelving and flexible compartments maximize usable Adjustable Shelf offers seven height settings, while the combination of Adjustable and Retractable Shelves allows for tailored organization. Additional accessories, such as the Movable Bucket, My Box and Mini Door Basket, can be repositioned for convenient access or to free up space for other items. 'LG's new refrigerator lineup reflects a firm commitment to meaningful innovation, combining outstanding space and energy efficiency with designs that fit seamlessly into modern kitchens,' said Lyu Jae-cheol, president of the LG Home Appliance Solution Company. 'We remain focused on developing user-centric technologies that enhance everyday convenience, simplify life at home, and have less impact on the planet.'


Al Bawaba
17 hours ago
- Al Bawaba
A Romanian Company Develops a Solution to Reduce Extreme Urban Temperatures
In the face of increasingly frequent and intense heatwaves, Green Parking Solutions, a Romanian company, has developed a practical solution designed to help cities cope with rising urban temperatures. What started as an architectural concept has now evolved into a tangible project, currently in the process of is not merely a futuristic vision, but a modular and sustainable solution, purpose-built for urban environments and designed for immediate application—with a real, measurable impact on thermal comfort in parking: more than just a parking spaceAt the core of the project are the so-called 'green parking lots'—versatile structures that provide shade, lower ambient temperatures, and contribute meaningfully to reduce urban overheating. These areas incorporate climate-resilient vegetation, permeable surfaces, and rainwater collection parking units can be easily integrated into residential neighborhoods, public squares, or commercial areas. Beyond their functional purpose, they improve urban aesthetics, reduce pollution, and help manage rainwater, contributing to the reduction of local flooding risks. In addition, green areas can be a good support for urban biodiversity, for various species of native system is designed to function without requiring major changes to existing infrastructure, making it an ideal option for city administrations seeking fast, effective, and scalable concept to implementation'What sets this project apart is that it has moved beyond the design phase. We are no longer just planning—it's already being implemented,' Valentin Rusu, Founder of Green Parking Solutions, explains.'Our aim was to offer a concrete solution that could be tested and replicated quickly, moving beyond preliminary concepts. These structures are durable, easy to maintain, and most importantly, they deliver measurable outcomes—especially during periods of extreme summer heat,' he need action, not just strategiesUrban heat islands—areas where city temperatures are significantly higher than those of surrounding rural regions—are becoming an increasingly common challenge across Europe and beyond. Concrete, asphalt, and buildings absorb and retain more heat than vegetation or soil, and the lack of green spaces limits the natural cooling capacity of cities. As a result, residents face thermal discomfort, energy consumption for cooling increases, and air quality deteriorates—leading to potential health this context, integrating green parking infrastructure emerges as an immediate and effective to long-term strategies, there is a pressing need for practical, visible interventions—especially in pedestrian areas, parking lots, and public transport this initiative, the Romanian company proposes a climate-resilient infrastructure model that is easy to implement and has an immediate impact on urban of the future must not only be smart but also resilient to changing climate conditions. And this project demonstrates that innovation can start with the simplest of urban elements—even a parking space. Implementation is scheduled to begin in 2025. Municipalities, real estate developers, and public institutions are expected to be the main beneficiaries of the green parking system.