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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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UAE Sets New Crypto VAT Rules for Digital Currency Payments and Dirham Tax Reporting

The UAE has introduced new Crypto VAT rules for businesses accepting digital currency payments. The new requirements explain how companies should value crypto transactions...

UAE Listed Profits Surge 28.6% to Dh79.2 billion in Q2 2026 as Banking and Real Estate Drive Growth

UAE listed profits surged during the second quarter of 2026, supported by strong performances across banking, real estate, and other major sectors. Companies listed...

Apple Foldable iPhone and New Pro Models Set to Debut on September 9 with UAE Prices Revealed

Apple foldable plans are expected to dominate the company's September 9 event. Apple could introduce its most significant iPhone changes in several years. The...

Diyar Al Muharraq Leads Bahrain Real Estate Market with BD32.1 million in Q2 Sales Transactions

Bahrain real estate activity gained fresh momentum as Diyar Al Muharraq topped the market during the second quarter. The development recorded the highest number...

Bahrain Bourse Concludes First Emerging Talents Program to Develop Young Financial Professionals

Bahrain Bourse marked the completion of its first Emerging Talents graduate training program. The initiative focused on developing young professionals entering the financial services...

Saudi Construction Activity Surges 82% as PIF Takes a Back Seat and Private Investment Gains Momentum

Saudi construction growth has accelerated sharply in 2026 despite changes in government-backed project spending. Contractor awards reached $32 billion during the first half of...

CFI Appoints Federico Cirulli as Chairman as Trading Group Strengthens Leadership for Global Expansion

CFI leadership is entering a new phase after Federico Cirulli took over as chairman of the group's board. The appointment marks another step in...

Saudi-UAE Payment Delays Raise Costs for Businesses and Disrupt Cross-Border Trade

Payment delays between Saudi Arabia and the UAE are creating growing challenges for businesses. Companies now face longer transfers, additional checks, and higher transaction...

UAE Professionals Remain Confident as 91% Plan to Continue Living and Working in the Country

More than nine in 10 UAE professionals plan to remain in the country over the next year, according to new research. The findings show...

UAE Non-Oil Businesses Record Fastest Growth Since 2024 as New Orders and Output Surge

UAE non-oil businesses recorded their strongest improvement in business conditions since December 2024. Stronger orders, higher output, and rising exports supported the latest expansion....

Dubai Gold Prices Fall Further as 24K Rate Drops to Dh519.25 per Gram Amid Rising Treasury Yields and Market Tensions

Dubai gold prices continued their decline on Wednesday as the precious metal faced renewed pressure in global markets. The 24K rate fell to Dh519.25...

Saudi Arabia Raises $3.25 Billion Through Two-Tranche Sukuk as Strong Investor Demand Supports 2026 Borrowing Plans

Saudi sukuk attracted strong investor interest as Riyadh raised $3.25 billion through a new two-tranche issuance. The latest transaction highlights Saudi Arabia’s continued access...