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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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Emirates NBD Denies Acquisition Plans in Egypt

Emirates NBD, the largest bank in Dubai, has dismissed rumors about acquiring Banque du Caire, an Egyptian bank. Recently, reports suggested that Emirates NBD...

Iraq Strengthens Gold Reserves, Ranking Among Top in Arab World

Iraq has secured a strong position in the Arab world’s gold market, with reserves reaching 162 tons, according to Central Bank Governor Ali Al-Alaq....

Bahrain Moves Forward with 2% Tax on Expat Remittances

Bahrain’s Parliament is preparing to vote on a 2% tax on expat remittances, aiming to strengthen the local economy. Supporters believe this step will reduce dependence on...

Kuwait Market Value Climbs to KD 48.05 Billion with KD 105 Million Gain

The Kuwait Stock Exchange (KSE) saw a modest rise in its market value during the first week of Ramadan, gaining KD 105 million or...

289,000 Livestock Supplied to Meet Consumer Needs in Oman

Muscat – The Ministry of Agriculture, Fisheries, and Water Resources has announced that over 289,000 heads of livestock were supplied to consumers during January...

Strengthening Public Finances and Financial Markets in Iraq: The Opportunity

Iraq has achieved upper-middle-income status due to its oil wealth, with public revenues heavily reliant on oil. However, the private sector remains underdeveloped, and...

Oman Strengthens Tax System with Digital Tax Stamps

Oman is taking a new step in tax regulation by enforcing digital tax stamps on excise goods starting June 1, 2025. This move ensures that all imported excise...

Qatar’s Commercial Bank Expands 24/7 USD Transfers with Citi Partnership

Commercial Bank has taken a major step by collaborating with Citi to introduce 24/7 USD transfers, making it the first in Qatar to offer this...

Saudi Arabia Confirms Four-Day Eid Al Fitr Holiday for Private Sector Employees

Saudi Arabia has officially announced a four-day break for private and non-profit sector employees in celebration of Eid Al Fitr. This decision allows workers...

Dubai Gold Prices Dip After Record Surge

Gold prices in Dubai experienced a drop on Tuesday morning following a record spike the previous day. On Tuesday, 24K gold saw a decrease...

UAE Set to Launch Jaywan Card for Global and Local Use

The UAE Central Bank has confirmed that the Jaywan card is ready for launch, both locally and internationally. This marks a major step in the country’s digital payment growth. The UAE...

Qatar Chamber Strengthens Leadership with New Director Appointment

Qatar Chamber has taken a significant step by appointing Hamad Al-Marri as the new director of the Committees and Business Councils Department. This decision aligns with...
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