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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 Sees Opportunity in India-UAE Trade Amid US Tariff Changes

The UAE views recent US tariff changes as a chance to boost India-UAE trade. According to UAE parliamentarian Ali Rashid Al Nuaimi, every challenge...

UAE Strengthens Ties with US Congress: Strategic Partnership Discussed

The President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, welcomed a delegation from the United States Congress in Abu Dhabi....

Arab Finance Leaders Convene in Kuwait to Tackle Economic Challenges

Finance leaders from across the Arab world gathered in Kuwait to address pressing economic challenges. The meeting, under the patronage of His Highness the...

Oman Bank Takeover Impact Sparks Market Debate

The Oman bank takeover impact continues to stir discussions after a major acquisition moved forward. Sohar International Bank, Oman’s second-largest lender, has received approval...

Comoros Secures Energy Future with Murabaha Financing Boost

Comoros has taken a major step toward energy stability with a new financial agreement supported by Saudi Arabia. The International Islamic Trade Finance Corporation...

CBB Sukuk Al Salam Securities Oversubscribed by 125%

Manama, Apr. 7 (BNA) – The Central Bank of Bahrain (CBB) announced that its latest monthly issuance of Sukuk Al Salam Islamic securities was...

Saudi Arabia Boosts Private Jobs in Strong Growth Quarter

Saudi Arabia’s non-oil private sector saw significant growth between January and March 2025. As demand increased and business activity expanded, companies created jobs at...

UAE Leads as Regulatory Innovation Shapes Future of Finance

Regulatory innovation is becoming a key driver of change in the global financial world. Rather than simply reacting to technological advances, regulators are now...

Bahrain Backs Startups and SMEs Through Innovation Drive

Bahrain continues to strengthen its support for local businesses with a fresh move. Al Salam Bank has signed a new agreement to empower Bahraini...

Iraq: Dollar Prices Drop in Baghdad and Erbil

The value of the US dollar fell slightly against the Iraqi dinar in both Baghdad and Erbil. This drop comes after weeks of exchange...

Kuwait Tightens Rules on Exchange Shops: Money Reform Shakes Market

Kuwait’s money reform forces many exchange shops to shut down this week. The key phrase "Kuwait money reform" is now a major topic in...

Oman Commercial Agencies Reform Brings New Rules

Oman continues to improve its business laws through the Oman commercial agencies reform. The Ministry of Commerce, Industry, and Investment Promotion recorded 2,043 agency...
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