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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.
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Bahrain Clear Appoints Seven Pillars Consultancy to Review Its Clearing and Depository Operations

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Bahrain’s Mumtalakat and ARP Group Plan AI-Native Wholesale Bank After Central Bank In-Principle Approval

The proposed Bahrain-headquartered bank will serve financial institutions, payment companies and cross-border businesses, and needs final authorization before it can start regulated activities.
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stc Bahrain Signs $140 Million Financing Facility With BNP Paribas to Fund Network Expansion

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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.

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Saudi Re Nine-Month Net Profit Rises 63% to SR194.2 Million as Reinsurance Revenue Jumps 73%

Third-quarter profit rose 6% to SR32.6 million, while gross written reinsurance premiums for the nine months climbed 50% to SR3.93 billion.

Bahrain Clear Appoints Seven Pillars Consultancy to Review Its Clearing and Depository Operations

The independent advisor will assess Bahrain Clear's operations, regulatory frameworks, governance and technology and produce a prioritized roadmap for its post-trade services.

Bahrain’s Mumtalakat and ARP Group Plan AI-Native Wholesale Bank After Central Bank In-Principle Approval

The proposed Bahrain-headquartered bank will serve financial institutions, payment companies and cross-border businesses, and needs final authorization before it can start regulated activities.

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Emirates NBD to Run OpenAI Models on UAE In-Country Infrastructure

Emirates NBD will become the first bank in the Middle East and North Africa to deploy OpenAI GPT models using in-country inference infrastructure in the UAE, the companies said on Monday.

Standard Chartered’s SC Ventures Invests in Saudi Fintech Vrtx as Startup Closes $3.6 Million Pre-Seed Round

SC Ventures, the fintech investment and venture-building arm of Standard Chartered, has invested in Riyadh-based embedded finance startup Vrtx, the companies said on Monday. Vrtx...

US Treasury Lifts Restrictions on Several Iraqi Exchange Firms, Central Bank Says

The US Department of the Treasury has lifted restrictions on several Iraqi exchange companies, the Central Bank of Iraq said on Sunday. The firms can...

Central Bank of Iraq Triples Housing Finance Allocation to 3 Trillion Dinars

The Central Bank of Iraq has raised the funds it allocates to support the housing sector to 3 trillion Iraqi dinars, about $1.97 billion,...

Oman Launches RO100 Million 12th Local Sovereign Sukuk Issue at 4.85% Profit Rate

Oman Sovereign Sukuk Company has launched the 12th issue of local sovereign sukuk, valued at RO100 million, with a seven-year maturity and an annual...

KFH-Bahrain Provides $85 Million Financing for Acquisition of Türkiye’s Çayırhan Power Plant

Kuwait Finance House Bahrain (KFH-Bahrain) has executed an $85 million Commodity Murabaha financing facility for Çayırhan Enerji, backing the Turkish company's acquisition of the...

UAE Signs Host Agreement With World Bank and IMF for 2029 Annual Meetings in Abu Dhabi

The UAE signed a host country agreement with the World Bank Group and the International Monetary Fund on October 18 for the institutions' 2029...

UAE Raises US Treasury Holdings by $6 Billion to $116.1 Billion in August

The UAE increased its holdings of US Treasury securities to $116.1 billion at the end of August from $110.1 billion in July, while Saudi Arabia trimmed its position to $141.2 billion, US Treasury data showed.

Foreign Investment in Kuwait’s Listed Banks Falls 12.5% to KD4.5 Billion, Al-Shall Says

Foreign investment in Kuwait's listed banks fell 12.5% to about 4.535 billion dinars ($13.967 billion) at the end of September 2026, Al-Shall said in its weekly report on October 17.

Sharjah Islamic Bank Ready to Join Pakistan Sukuk as Finance Minister Meets Three UAE Lenders

Sharjah Islamic Bank is ready to take part in a planned Pakistani sukuk issuance, Pakistan's Finance Division said on October 17 after Finance Minister Muhammad Aurangzeb met the bank, ADCB and Ajman Bank in Bangkok.

RBI Approves Merger of Emirates NBD’s India Branches Into RBL Bank From December 1

The Reserve Bank of India approved the amalgamation of Emirates NBD's Indian branches with RBL Bank, in which the Dubai lender holds 60%, with effect from December 1, 2026.

Mashreq Prices Inaugural CNH1 Billion Dim Sum Bond at 2.50% Coupon

Dubai-based Mashreqbank PSC (Mashreq) has priced a CNH1 billion ($139 million) three-year senior unsecured Dim Sum bond at a fixed coupon of 2.50%, its first public issuance in the offshore renminbi market.
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