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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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Bahrain Economy Contracts as Iran Conflict Disrupts Oil Output and Slows First-Quarter Growth

Bahrain’s economy contracted during the first quarter of 2026 after regional conflict disrupted its oil sector. Official figures showed a sharp decline in overall...

Dubai gold prices remain near recent highs as investors await Federal Reserve guidance on interest rates, inflation, and monetary policy.

Dubai gold prices remained near recent highs on Thursday as investors awaited fresh signals from the US Federal Reserve. Markets remained focused on possible...

Qatar Lending Slows Further as Iran War Hits Investment, Energy Exports and Banking Activity

Qatar lending has slowed further as the Iran war weighs on investment and economic activity. The conflict has added pressure to an existing post-World...

Kuwait Ends Wartime Visa Extensions from September 1 as Pre-War Immigration Rules Return

Kuwait visa rules will return to normal procedures from September 1 after months of special wartime extensions. The Interior Ministry confirmed the change as...

Dubai Gold Prices Rise Sharply as 24K Gold Moves Above Dh550

Gold prices in Dubai have climbed sharply this month, pushing 24K gold above Dh550 per gram. The latest rise has renewed questions about another...

QIIB Wins Two Major Awards for Islamic Banking Innovation, Corporate Services and Digital Finance in Qatar

QIIB has strengthened its position in Qatar’s banking sector after receiving two major industry awards. The recognition highlights the bank’s focus on Islamic finance,...

Saudia Launches Up to 50% Off International Flights with Travel Deals Until December 10, 2026

Saudia flight discounts now offer travelers savings of up to 50 percent on selected international fares. The promotion covers Guest and Business Class journeys...

Iraq Power Projects Gain Momentum as Shanghai Electric Accelerates Work in Four Provinces

Iraq power projects in four central provinces are receiving renewed attention from the Electricity Ministry. Officials are urging Shanghai Electric to speed up construction...

Dubai Set for Highest Home Deliveries Since 2008 as New Launches Slow

Dubai home deliveries are heading toward their strongest annual level since 2008. However, developers have started slowing new project launches across the market. Dubai's residential...

Dubai Gold Price Climbs to Dh541 per Gram as Global Gold Market Recovers After Sharp Sell-Off

The Dubai gold price climbed again on Thursday as global bullion markets showed signs of recovery. The rise followed a sharp decline earlier this...

ADQ Expands Banking Team as AD Ports Share Offer Moves Toward September 15 Deadline

The AD Ports offer has gained another financial institution as ADQ strengthens its team for the tender process. International Securities LLC will join the...

Kuwait History Highlights Major Developments Across Government, Business, and Technology

Kuwait history includes several important political, economic and social developments recorded on August 19. The date connects major events across more than six decades...
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