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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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Emaar Property Sales Slow as Dubai Developer Relies on Strong Cash Reserves and AED165 Billion Backlog

Emaar property sales have slowed sharply in 2026 as regional tensions affect buyer confidence. However, Dubai's major developer continues to report strong financial results....

Dubai Rental Rents Fall as Tenants Choose New Homes for Savings of Up to 15 Percent

Dubai rental rents are changing tenant decisions as new contracts offer significant savings. More residents are now choosing new homes instead of renewing existing...

Dubai Gold Prices Ease as Inflation Concerns and Higher Oil Prices Weigh on Market

Dubai gold prices eased on Wednesday as renewed inflation concerns weighed on precious metals. Rising oil prices also added pressure to the market. The...

NBB Platforms Get New Digital Banking Identities for Corporate and SME Banking Services

NBB Platforms have received new identities as the National Bank of Bahrain updates its digital banking services. The bank renamed NBB DigiCorp as NBB...

Trade Finance Facility Supports Iraq’s Bank of Baghdad with $25 Million in New Funding

Trade Finance support for Bank of Baghdad has reached $25 million through a new facility. The European Bank for Reconstruction and Development approved the...

Dubai Gold Prices Rise to Dh523.25 as Bullion Extends Rebound on Softer Yields and Dollar

Dubai Gold prices extended their rebound on Tuesday as bullion gained support from softer market conditions. The 24K rate reached Dh523.25 per gram at...

CTM360 Strengthens Global Cybersecurity Engagement Through London Industry Events and AI Innovation

CTM360 is showcasing its next-generation Cyber Threat Intelligence approach at Big SASIG 2026 in London. The Bahrain-based cybersecurity company will participate as a Gold...

Iraqi Customs Revenue Set to Exceed $3 Billion as Digital System Boosts Collections

Iraqi Customs Revenue is expected to exceed $3 billion as customs collections continue to rise. The increase follows major changes in Iraq's customs operations....

Dubai Gold Prices Rebound as 22K Gold Nears Dh500 Amid Strong Global Demand

Dubai gold prices moved higher on Tuesday as the US dollar weakened and investors watched global economic signals. The latest increase pushed 22K gold...

Jakarta Flights Cancelled as Volcanic Ash From Mount Anak Krakatau Creates Widespread Travel Disruption

Jakarta flights face widespread disruption after volcanic ash from Mount Anak Krakatau affected airport operations. Several major airlines cancelled services to Jakarta on Monday....

Dubai Gold Prices Fall as 22K Nears Dh490 Per Gram Amid US Rate Uncertainty

Dubai gold prices slipped at the start of the week as investors awaited important US economic data. The market opened lower after gold recorded...

GCC Media Production Expands Global Reach Through New Partnerships and Wider Content Distribution

Gulf media is entering a new phase as regional producers focus on reaching larger audiences. The Gulf Cooperation Council Joint Program Production Institution plans...