Financial

HomeFinancial

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.

More News

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.

Explore more

FAB Issues AED1 Billion Digitally Native Green Bond, a First for the MENA Region

First Abu Dhabi Bank has issued and settled AED1 billion ($272.3 million) of three-year green notes created directly on Euroclear's distributed ledger platform, the first such green bond from the Middle East and North Africa.

National Bank of Bahrain Partners With Partior to Explore On-Chain Bahraini Dinar Settlement

National Bank of Bahrain (NBB) has entered a partnership with Partior to explore acting as a Bahraini dinar settlement bank on Partior's blockchain network,...

IMF’s Azour Says Buffers Cushioned Gulf Economies but Bahrain Needs Fiscal Measures

Buffers including alternative export routes and financial reserves have limited the economic damage to Gulf states from the regional war, but they are finite,...

Abu Dhabi Sets Up TAMM Global to License Its Government Services Platform Worldwide

Abu Dhabi's Department of Government Enablement (DGE) has established Abu Dhabi Digital Services Company TAMM Global to take the emirate's TAMM government services platform...

Emaar Sales Backlog Stands at About AED180 Billion With 98% Collections, Alabbar Says

Emaar Properties has a sales backlog close to AED180 billion ($49 billion), with collections running at 98%, founder and managing director Mohamed Alabbar said. "We...

Kuwait Studies Oil Export Pipelines to Fujairah and Red Sea to Bypass Hormuz

Kuwait is studying two crude export pipelines that would bypass the Strait of Hormuz, one running through the UAE to Fujairah and one through...

EFG Hermes UAE Launches Market Making and Liquidity Services on Abu Dhabi Securities Exchange

EFG Hermes UAE LLC has launched market making and liquidity provision services on the Abu Dhabi Securities Exchange (ADX), the firm said on Friday. The...

Dubai Stocks Rise 0.6% as Emirates NBD and DEWA Lead Gains, Ending Two-Week Slide

Dubai's main share index rose 0.6% at Friday's close, recovering from losses in the previous session on gains in utility and financial stocks, Reuters...

Kuwait Import Financing Falls to KD4.38 Billion as US Dollar Maintains Dominance

Kuwait Import Financing declined sharply during the first eight months of 2026, reflecting a significant reduction in bank funding for imports. Local banks provided...

UAE Economy Expected to Grow Nearly 10% in 2027 as Investment and Diversification Drive Growth

UAE Economic Growth could reach nearly 10% in 2027, according to Central Bank Governor Khaled Mohamed Balama. The forecast represents a sharp increase from...

Dubai Gold Prices Rise as 24K Reaches Dh505 Per Gram Amid Weaker US Dollar and Lower Oil Prices

Dubai Gold Prices recorded a modest increase on Tuesday morning, October 13, as precious metals recovered from Monday's late losses. The 24K gold rate...

Dubai Rental Prices Fall Over 12% in Dubai Marina, Business Bay and JVC as Property Market Shifts

Dubai Rental Prices recorded significant declines across several residential communities during the third quarter of 2026. Dubai Marina, Business Bay, and Jumeirah Village Circle...