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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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Dubai Mortgages Show Greater Resilience as UAE Banks Adapt to Federal Reserve Rate Changes and Rising Local Property Demand

Dubai mortgages are showing signs of greater independence from Federal Reserve decisions. UAE banks still follow the country’s dollar-linked monetary framework. However, lenders now...

Oman Air Targets Freighter Business Revival Through Airline Partnerships as Muscat Strengthens Regional Logistics Role

Oman Air cargo plans to rebuild its freighter business through partnerships with other airlines. The carrier wants to expand capacity while limiting financial risks...

QNB Renews ISO 22301 Certification to Strengthen Business Continuity and Operational Resilience

QNB certification has been renewed under the ISO 22301 standard for business continuity management. The renewal highlights the bank’s focus on operational resilience and...

BBK and Al Haddad Launch Flexible Financing Offer for New Bestune Vehicles in Bahrain

Bestune Financing is becoming more accessible to customers in Bahrain through a new partnership between BBK and Al Haddad International Motors. The two companies...

Mercedes-Benz Iraq Signs Agreement with Erbil Chamber to Strengthen Business Ties and Create Local Opportunities

Mercedes-Benz Iraq has signed a memorandum of understanding with the Erbil Chamber of Commerce and Industry. The agreement aims to strengthen business cooperation and...

UAE Billionaires Reach 59 With Combined Wealth of $201 Billion as Dubai Strengthens Global Wealth Hub Status

UAE Billionaires reached 59 in 2025, with their combined wealth reaching $201 billion. The figures place the country among the world’s leading billionaire markets....

UAE Gold Prices Remain Stable as 22K Gold Stays Below Dh500 Per Gram Amid Changing US Rate Expectations

UAE Gold Prices remained largely stable on Tuesday, while 22K gold continued trading below Dh500 per gram. The local market showed limited movement after...

How the Iran Conflict Has Reshaped the Gulf Economy, Energy, Tourism and Trade

The Gulf economy has undergone major changes since the Iran conflict began six months ago. Energy, shipping, aviation, property, and tourism have all faced...

UAE Approves Starlink Satellite Internet Service With 10-Year Licence for Nationwide Connectivity

The UAE has approved Starlink satellite internet services as the country expands its digital connectivity infrastructure. The approval will allow the company to provide...

Kuwait’s Non-Oil Exports Reach KD1.04 billion as GCC Markets Lead Trade in First Half of 2026

Kuwait exports of non-oil products reached about KD1.04 billion during the first half of 2026. The strong performance highlights the expanding reach of Kuwaiti...

Saudi Mortgage Market Shows Stronger Recovery as Lower Rates and Housing Initiatives Boost Demand

Saudi mortgage market activity is showing early signs of recovery after a weak first half of 2026. Lower borrowing costs are improving financing conditions...

Iraq Central Bank Rejects Claims About Newly Printed Banknotes and Currency Redenomination Plans

Iraq currency redenomination reports have sparked confusion after claims circulated about newly printed banknotes with zeros removed. The Central Bank of Iraq rejected the...