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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’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.

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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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Qatar-Tanzania Agreement Promotes Investment and Greater Cooperation Between Tax Authorities

Qatar and Tanzania are strengthening their economic relationship through a new tax agreement designed to support trade, investment and business activity between the two...

UAE Orders Investigation Into FlyDubai Flight Incident After Emergency Landing in Saudi Arabia

The UAE has launched an investigation into a security incident involving a FlyDubai flight that diverted to Saudi Arabia on Wednesday. UAE Attorney General...

UAE and Egypt Currency Swap Renewed at $1.4 billion to Strengthen Trade and Financial Cooperation

The UAE and Egypt have renewed their currency swap agreement for another five years. The currency swap remains valued at AED5 billion, or about...

Saudi Companies Face New Transparency Rules as Earnings Calls Could Become Mandatory

Saudi companies listed on the main Saudi stock market could face new disclosure requirements. The Capital Market Authority has proposed new rules for earnings...

Dubai Gold Prices Recover Above Dh500 as Global Markets Balance Higher Yields, a Stronger Dollar and Geopolitical Risks

Dubai gold prices recovered above Dh500 per gram on Wednesday after falling below the level earlier this week. The recovery came as global gold...

How Did the U.S.–Iran Conflict Reshape the Gulf Economy, Oil Markets, Global Trade and International Investment?

The Gulf economy is facing growing pressure from the U.S.-Iran conflict and wider global market uncertainty. Energy prices, shipping, investment, and trade are facing...

Kuwait Payroll System Expands Financial Oversight as Authorities Strengthen Anti-Money Laundering Measures

Kuwait payroll system measures are expanding as authorities increase oversight of private-sector wage payments. The new system aims to strengthen financial transparency across the...

Saudi Services Imports Rise 8.4% to SR120.8 billion as Travel and Transport Spending Increase

Saudi services imports increased 8.4 percent during the second quarter of 2026. Total imports reached SR120.8 billion during the period. Higher spending on travel,...

Oman Islamic Banking Assets Surpass $26 billion as Financing and Deposits Continue to Grow

Islamic banking assets in Oman rose 10.5% year over year by July 2026. Total assets reached 10.1 billion Omani rials, worth about $26.2 billion....

Dubai Gold Prices Stay Below Dh500 for Second Day as Global Bullion Markets Face Pressure

Dubai gold prices remained below Dh500 per gram for a second straight day. The market continued to face pressure from weaker global bullion prices....

Financial Literacy Initiative Al-Jaras Expands Investor Education Across Kuwait in October 2026

Financial literacy will take center stage in Kuwait during the third edition of the Al-Jaras initiative. Kuwait Stock Exchange launched the latest edition on...

Saudi Banks See Stronger Deposit and Lending Growth During Q2 2026

Saudi banks recorded stronger deposit growth during the second quarter of 2026. Saudi banks also increased lending as profitability improved across the sector. Deposits...