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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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Iraq Sets $100 at 150,000 Dinars for Housing Payments as Kurdistan Investors Face Official Dollar Access Restrictions

Iraq has introduced a special Kurdistan housing rate for certain residential payments, creating differences across the country. The arrangement values $100 at 150,000 Iraqi...

Saudi Mortgage Market Strengthens as SRC and Banque Saudi Fransi Sign Third Portfolio Deal

The Saudi mortgage market is gaining further support through a new residential portfolio agreement. Saudi Real Estate Refinance Co. has signed its third portfolio...

Iraq Launches $2.7 Billion Economic Stimulus to Boost Housing, Industry and Agriculture

Iraq has announced a major Iraq economic stimulus package worth about IQD 3.5 trillion, or $2.7 billion. The plan targets housing, industry, agriculture, government...

Kuwait PMI Hits 52.4 as Non-Oil Private Sector Growth Continues Amid Stronger Orders and Rising Business Confidence

Kuwait’s non-oil private sector maintained its growth in September. The Kuwait PMI reached 52.4 points during the month. However, growth slowed from August’s reading...

Flydubai Co-Pilot Completed Part of Flight Training in New Zealand Before Incident on Dubai-Israel Flight

Flydubai co-pilot spent several months in New Zealand during earlier flight training, police confirmed on Tuesday. The man traveled to New Zealand in late...

Dubai Gold Prices Fall Further Below Dh500 as Diwali Buying Season Approaches

Dubai gold prices fell further on Tuesday, giving shoppers more room ahead of Navratri, Dhanteras and Diwali. The 24K rate dropped below Dh500 per...

GCC Remittances Reach Record $161 billion as Expatriate Employment Drives Strong Growth

GCC remittances reached a record $161 billion in 2025 as expatriate employment continued expanding. The combined figure marked the highest outward worker remittance total...

Iraq Commits $2.7 Billion to Boost Economic Growth Across Housing, Industry and Agriculture

Iraq economic growth plans now include a $2.7 billion package to support recovery and new investment. Prime Minister Ali Faleh Al-Zaidi announced the measures...

Dubai Gold Prices Fall Dh35.75 in One Month as 14K Gold Drops Below Dh300 per Gram

Dubai gold prices started the week with limited movement after recording a sharp monthly decline. The 24K rate reached Dh498 per gram on Monday...

Dubai Electric Vehicle Exhibition to Showcase Technologies Supporting Sustainable Transport

Dubai will host the inaugural Dubai International Electric Vehicle Exhibition and Conference 2026 from November 10 to 12. The event will bring together major...

GCC Finance Ministers Strengthen Economic Cooperation and Regional Financial Coordination

GCC economic cooperation took center stage as Gulf finance ministers met in Bahrain to discuss regional financial coordination. The meeting brought together finance ministers...

Dubai Gold Falls Below Dh500 as Shoppers Bring Forward Jewelry Purchases Ahead of Navratri and Diwali

Dubai gold prices have fallen below Dh500 per gram as festive demand begins to build. The decline comes as Navratri starts ahead of Dhanteras...
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