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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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Oman Promotions Scheme Allocates OMR 10 million for Civil Servant Career Advancement Across Government Institutions

Oman promotions will receive OMR 10 million under a new system for civil servants. The Ministry of Labour introduced the framework during a media...

Oman Growth Forecast Rises to 3.5% as S&P Affirms BBB- Rating and Stable Economic Outlook

Oman growth is expected to reach 3.5% in 2026, according to a revised forecast from S&P Global Ratings. The agency also maintained Oman’s long-term...

Iraq Funds Recovery Reaches $13 Million After Frozen Assets Secured in French Banks

Iraq funds recovery has reached $13 million after authorities secured state assets frozen in French banks. The recovery followed court decisions and cooperation between...

Dewa Refinancing Secures $2.7 Billion For Dubai Solar Park’s Fourth Phase as Clean Energy Capacity Expands

Dewa refinancing has secured $2.7 billion for the fourth phase of Dubai's major solar park. Dubai Electricity and Water Authority completed the financing package...

Dubai Gold Price Falls Dh11 As 24K Gold Drops to Dh505.50 Per Gram Amid Stronger US Dollar

The Dubai gold price fell Dh11 per gram on Monday morning. The 24K rate reached Dh505.50 per gram at the market opening. The decline...

Qatar and Syria Strengthen Cooperation on Financial Crime Prevention, Training, and Institutional Capacity

Qatar and Syria are strengthening cooperation on financial crime prevention through new official discussions. The talks focused on improving coordination, sharing expertise, and building...

SIB Sukuk Raises $500 Million Through Five-Year Deal Amid Strong Investor Demand

Sharjah Islamic Bank has raised $500 million through a five-year SIB sukuk issuance. The deal attracted strong demand from international investors. The order book...

Kuwait Customs Seizes Counterfeit Products Bearing Registered Trademarks

Kuwait Customs has seized 568 counterfeit shoes and jackets bearing registered trademarks from an air cargo shipment arriving from China. Authorities intercepted the shipment...

Qatar Gold Market Records Weekly Declines Across Precious Metals

Qatar gold prices declined 2.16 percent during the current week, reaching $4,284.63670 per ounce on Thursday. Qatar National Bank data showed the decline from...

Qatar Expands Financial Services with Apex Group Partnership to Boost Regional Investment Growth

Qatar financial services are set to expand through a new partnership between Invest Qatar and Apex Group. The agreement aims to strengthen Qatar’s asset...

Oman GDP Growth Set for 3.5% in 2026 and 2027 Amid Strong Economic Activity

Oman GDP growth is expected to reach 3.5% in both 2026 and 2027. Non-oil activity should remain a key source of economic momentum. Meanwhile,...

Bahrain Financial Support Faces Rising Pressure as Reserves Decline and Debt Grows

Bahrain financial support from Gulf neighbours could become more important as the kingdom faces rising financial pressure. Foreign-currency reserves remain low, while government debt...
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