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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 Holds Rates Steady After US Decision

The UAE Central Bank has decided to keep the base rate for the overnight deposit facility at 4.40%. This move follows the US Federal...

Bahrain’s Treasury Bills Oversubscribed by 234% in Latest Auction

The Central Bank of Bahrain (CBB) announced that its monthly issue of Treasury Bills, worth BD 35 million, has been oversubscribed by 234%. This...

Iraq Sees US Dollar Exchange Rate Drop Again

The US dollar exchange rate in Iraq continued to fall, affecting currency markets in Baghdad and Erbil. In Baghdad’s Al-Kifah and Al-Harithya stock exchanges,...

Saudi Arabia Approves Over SR3bn Ramadan Aid to Beneficiaries

Saudi Arabia has approved a major initiative to support social security beneficiaries during Ramadan. The leadership of King Salman and Crown Prince Mohammed bin...

Dubai: Gold Prices Reach Record High Amid Uncertainty

Gold prices soared to new heights in Dubai, crossing the $3,015 per ounce mark. This increase was driven by rising demand for safe-haven assets...

UAE Consumers Face Surge in Digital Payment Scams, Survey Reveals

A recent Visa survey shows that almost 50% of UAE consumers using digital payments have fallen victim to online scams. Additionally, 15% of those surveyed reported...

Qatar Introduces Eidiya ATMs at Malls for Holiday Convenience

The Qatar Central Bank (QCB) has introduced Eidiya ATMs at 10 major malls across the country. The ATMs are now available starting this Sunday,...

Qatar’s Fintech Expansion Boosts Digital Banking

Qatar’s fintech expansion boosts digital banking by driving innovation and advancing financial services. Doha Bank has introduced the Fintech and Innovation Hub to support...

Oman and Bahrain Strengthen Bilateral Ties with 25 Agreements

Oman and Bahrain have signed 25 important agreements to strengthen their bilateral relationship. These agreements cover various sectors and were signed during the state...

Bahrain Faces Traffic Chaos After System Outage on King Fahd Causeway

Over the weekend, Bahrain experienced heavy traffic on the King Fahd Causeway due to a system outage. This outage temporarily halted e-government services in...

US Dollar Exchange Rate Increases in Iraq After Extended Decline

The US dollar exchange rate has risen in Iraq after a prolonged decline. the exchange rate for the US dollar compared to the Iraqi...

Saudi Real Estate Sector Booms Due to Population Growth, Tourism, and Reforms

Saudi Arabia’s real estate market is experiencing significant growth, driven by factors such as a rising population, increasing tourism, and favorable government reforms. These...
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