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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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Kuwait’s Budget Deficit Grows as Oil Revenue Falls

Kuwait approved its 2025-26 budget with a bigger deficit. The country expects lower oil income, making it harder to balance spending and revenue. The...

UAE Introduces New Dhs100 Polymer Banknote Ahead of Eid Al Fitr

The UAE has unveiled a new Dhs100 banknote just in time for Eid Al Fitr celebrations. The Central Bank of the UAE (CBUAE) introduced...

Kuwait Sees Gold Prices Surge to Record High Amid Global Uncertainty

Gold prices reached a historic peak of $3,022 per ounce at the close of last week’s trading, driven by ongoing global economic and geopolitical...

Oman’s Meethaq Bank Introduces Savings Plan for Financial Stability

Meethaq Islamic Banking in Oman has launched a savings plan to help customers build financial stability with smart savings. This plan encourages people to...

UAE Urges Caution as Digital Payments Rise

The UAE’s digital payments market is expanding rapidly, creating both opportunities and risks. Experts warn that financial fraud is rising as more people shift...

UAE Travellers to UK to Pay Higher Visa Fees from April

Travellers from the UAE heading to the UK will soon face increased visa fees. Starting April 9, 2025, visa costs will rise by up...

UAE Announces Dh277 Million Bonus for Government Employees

Dubai’s Crown Prince has announced a massive Dh277 million performance bonus for civilian government employees. This decision, approved by Sheikh Mohammed bin Rashid Al...

Qatar Inflation to Reach 1.6% in 2025: Economic Outlook

Qatar’s inflation is set to rise to 1.6% in 2025 from 1.1% in 2024. This forecast comes from a recent economic report. The study...

UAE Youth Struggle with Financial Planning

Many young people in the UAE feel stuck in a cycle of poor financial planning. Despite this, some remain hopeful about reaching their financial...

Commercial bank announces QR0.30 dividend

commercial bank held its annual and extraordinary general meetings and approved all agenda items. the bank’s board confirmed a QR0.30 per share dividend. this...

UAE Rental Prices Push Tenants to Suburbs

Rising rental prices in the UAE are forcing many tenants to move to suburban areas. Affordable housing is becoming harder to find in central...

Saudi Arabia’s Al Rajhi Bank Contributes 5.90 Million Riyals for Charity

Al Rajhi Bank has contributed a substantial 5.90 million riyals to this year's National Campaign for Charity Work. This was carried out as part...
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