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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’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.

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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Oman Sets July Deadline for IBAN Use in Oman Transfers

Oman announced crucial opportunities to how money is sent within the country. Starting July 1, 2025, all local bank transfers must include an International...

UAE Victims Demand Stronger Credit Card Security

In the United Arab Emirates, reports of financial fraud are growing fast. Many residents are now demanding stronger credit card security. Victims say they followed...

Kuwait Food Delivery Budget: A Growing Food Delivery Spend

Kuwait is witnessing a significant rise in food delivery spend. This key phrase highlights a growing economic shift. In recent years, digital platforms have...

UAE Growth Slows as Non-Oil Demand Drops Again

UAE non-oil demand drops again, showing signs of a cooling economy. In March, the country’s non-oil private sector grew slower. The S&P Global PMI...

Kuwait Tightens Oversight on Exchange Shops to Improve Financial Transparency

Kuwait is strengthening regulations on its money exchange sector as part of its efforts to exit the Financial Action Task Force (FATF) “follow-up phase.”...

Iraq’s Economy Faces US and Iran Pressures

Iraq’s economy faces US and Iran pressures, shaping its financial policies and trade relationships. A discussion at the London School of Economics (LSE) explored...

Kuwait Approves Debt Law to Boost Economy

Kuwait has passed a new debt law to strengthen its economy and attract investors. The law sets a debt limit of 30 billion Kuwaiti...

Wealth Management Trends in the Middle East and UAE

UAE wealth management trends continue to reshape the financial landscape. Investors seek better ways to manage and grow their assets. The country remains a...

Bahrain Faces Economic Challenges While Pushing for Growth

Bahrain faces economic challenges as it works to strengthen its economy. The country once relied heavily on oil, but times are changing. The oil...

Qatar’s Corporate Finance Growth Continues in 2025

Qatar’s corporate finance sector is set for strong growth in the coming years. Experts predict revenue will reach $196.73 million in 2025. This marks...

UAE Introduces New Dirham Symbols and Digital Currency

The UAE is making big changes to its currency. The Central Bank of the UAE (CBUAE) has introduced new symbols for the dirham. These...

Kuwait Inflation Climbs as Food Prices Increase

Kuwait’s inflation rate climbed, mainly due to food prices. The Consumer Price Index (CPI) stood at 2.49%, showing steady inflation but rising costs. Food...