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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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UAE Digital Finance Expands with New Tap Payments Licence

Tap Payments recently received a commercial licence from the Central Bank of the United Arab Emirates. This licence allows the company to offer digital...

Qatar’s Growing Leadership in Islamic Finance

Qatar is enhancing its leadership in the Islamic finance sector. This has become more apparent with the country’s focus on developing innovative financial solutions,...

UAE: Gold Prices Climb as Dollar Weakens and Tariffs Rise

Gold prices climb again in the UAE as traders react to new U.S. tariffs and a falling dollar. Global and local markets saw gold...

Oman Engages in Arab Financial Meetings

Oman joined the annual Joint Meetings of Arab Financial Institutions in Kuwait. The Omani delegation was led by Sultan Salim Al Habsi, Minister of...

Qatar’s Code of Market Conduct Strengthens Financial Market Integrity

Qatar continues to improve its financial system by introducing the Qatar Market Integrity Code. This new rulebook comes from the Qatar Financial Markets Authority (QFMA)....

Kuwait Celebrates NBK Academy’s 15 Years of Excellence

Kuwait recently celebrated a key milestone for NBK Academy: 15 years of shaping careers and building Kuwait’s future workforce. Over 500 graduates have completed...

Saudi E-commerce Sales Jump 45% in January, Surpassing $5.5bn

In January 2025, Saudi Arabia e-commerce growth hit a record 45%, surpassing $5.5 billion in total sales. This rise highlights the country’s rapid move...

Dubai’s Financial Growth Transforms Global Business

Dubai has emerged as a major financial focus, driven by its strong economy, business-friendly laws, and modern infrastructure that attract global investors. Strategically located...

Qatar Celebrates Family Day with Flight Ticket Discount Offer

Qatar Airways has introduced a special travel promotion in celebration of Family Day, observed on April 15, 2025. As part of the festivities, the...

Dubai’s FinTech Summit Set to Transform Global Finance

The UAE is preparing to host the Dubai FinTech Summit this May. The event will welcome over 8,000 global leaders and experts from 100...

Kuwait Celebrates Premium Card Growth Success

Burgan Bank in Kuwait has been recognized for its exceptional performance in expanding its premium active card portfolio. The bank received the prestigious Visa...

Qatar Boosts Mobile Payments with Multiple Wallets per Number Feature

Qatar continues to lead in digital finance with a key update to its Qatar Mobile Payment (QMP) system. The Qatar Central Bank (QCB) has...
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