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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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Lesha Bank Signs Agreement to Advise Barwa Real Estate on Its International Property Portfolio

Qatar's Lesha Bank has signed a memorandum of understanding to give Barwa Real Estate Group advisory support on its international real estate assets and potential new investments.

South Africa’s Absa Opens First Gulf Office in Dubai’s DIFC to Link Gulf Investors With African Markets

Absa Group has opened its first Gulf office at Dubai International Financial Centre, operating under a Category 4 license from the Dubai Financial Services Authority that lets it arrange and advise on deals and credit.

Bahrain Bank Lending Rises 7.8% to BD13.6 Billion and Private Deposits Grow 8%, Central Bank Board Is Told

Outstanding loans to Bahrain's resident sectors rose 7.8% to BD13.6 billion at the end of August, and retail bank private sector deposits rose 8% to about BD14.6 billion, the Central Bank of Bahrain's board was told.

QIA Plans to Expand New York Team to Up to 45 Staff Over Two Years, CEO Al Sowaidi Says

The Qatar Investment Authority aims to increase its New York office headcount to between 40 and 45 employees over the next two years, CEO Mohammed Saif Al Sowaidi said.

Mashreq Nine-Month Profit Before Tax Rises 18% to Record AED7.3 Billion as Customer Loans Grow 33%

Mashreq's nine-month profit before tax rose 18% to a record AED7.3 billion as customer loans grew 33% and the bank booked a net impairment release.

Etihad Credit Bureau Launches Credit Score 3i, Letting Scores Reflect Better Repayment Within Six Months of Settling Defaults

The UAE's federal credit bureau launched a scoring model that looks at 36 months of history and can reflect improved repayment within six months of settling defaults.

Fitch Affirms Kuwait’s KIPCO at BB- With Stable Outlook, Citing $1.1 Billion in Cash

Fitch Ratings affirmed Kuwait Projects Company's long-term issuer default rating at BB- with a stable outlook, KIPCO said.

Sharjah Islamic Bank Lists $500 Million Sukuk on Nasdaq Dubai After Drawing $1.3 Billion in Orders

Sharjah Islamic Bank listed a $500 million five-year sukuk on Nasdaq Dubai on Thursday, bringing its listings on the exchange to 11 issues worth $5.5 billion.

FAB Nine-Month Profit Before Tax Rises 5% to AED20.22 Billion as Loans Grow 10%

First Abu Dhabi Bank's profit before tax rose 5% to AED20.22 billion in the first nine months of 2026, while net profit climbed 3% to AED16.46 billion.

Botim Launches First Fintech-Issued Jaywan Prepaid Card, Aiming to Reach Up to 4 Million UAE Workers

Botim has launched the Botim One Jaywan Prepaid Card, the first prepaid card issued by a UAE fintech under Jaywan, the national card scheme run by a Central Bank of the UAE subsidiary.

Abu Dhabi’s ADGM Issues Crypto Mining Guidance, Treating Mining as a Licensable Commercial Activity

ADGM's Registration Authority has published guidance that treats crypto mining as a licensable commercial activity rather than a regulated financial service.

Doha Insurance Group Nine-Month Profit Rises 5% to QR167.5 Million

Doha Insurance Group's net profit for the first nine months of 2026 rose 5.04% to QR167.54 million from QR159.49 million a year earlier.
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