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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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Tamkeen Extends Musanada Support and Registration Deadline for Bahrain Businesses

Bahrain businesses affected by recent regional disruptions can now access Musanada support for a longer period. Tamkeen has extended the application deadline until September...

Dubai Gold Prices Fall as Investors Assess Interest Rate Expectations and the Federal Reserve Outlook

Dubai gold prices moved lower during early trading on Wednesday as global bullion prices weakened. The decline came ahead of the release of minutes...

NBB Expands Youth Financial Education Through Digital Banking Workshops and Cultural Events in Bahrain

NBB youth initiatives at Youth City 2030 are combining financial education with cultural activities and opportunities for young talent. The National Bank of Bahrain...

Qatar Diamond Exchange Strengthens Asian Trade Ties with Singapore, Shanghai and Tokyo Bourses

Qatar diamond trade is gaining new international links after the Qatar Diamond Exchange signed agreements with three Asian exchanges. The agreements involve diamond exchanges in...

Iraqi Banking Reforms Push Banks Toward Lending and Away from Currency Trading

Iraq banking reforms are pushing financial institutions toward traditional lending and greater integration with global financial networks. The changes aim to strengthen compliance across...

Dubai Gold Prices Edge Lower Despite Positive Market Outlook and Expectations for Lower US Interest Rates

Dubai gold prices slipped slightly on Tuesday morning as global bullion rates remained broadly stable. The 24K gold rate opened at Dh529.50 per gram,...

Gold Prices Extend Recovery in Dubai as Federal Reserve Expectations Support Precious Metals Demand

Gold prices climbed in Dubai on Monday as investors assessed the Federal Reserve’s monetary policy outlook and the latest US economic signals. The increase...

GFH Net Profit Rises 13.33% to $76.2 Million in H1 2026 as Wealth and Investment Management Drives Growth

GFH profits increased during the first half of 2026, supported by stronger performance across several major business divisions. The financial group reported higher shareholder...

Mal Targets Global Growth with AI-Native Islamic Finance Platform from Abu Dhabi

AI Islamic Finance is gaining attention as Mal develops a digital financial platform built around artificial intelligence. The Abu Dhabi-based fintech wants to rethink...

Saudi Arabia Achieves 89% Gaming Latency Improvement as IoT Subscriptions Reach 13.85 million

Saudi gaming performance has improved sharply, with latency falling across several of the Kingdom’s most popular electronic games. The improvement highlights continued progress in...

Abu Dhabi Extends Housing Loan Activation Period to Give Citizens More Time for Residential Projects

Abu Dhabi Housing Loans have received a two-year extension to give citizens more time to complete residential projects across the emirate. The decision provides...

DP World Revenue Rises 13% to $12.7 Billion as Global Logistics Growth Continues

DP World Revenue rose 13.1% during the first half as logistics, marine services, and overseas ports supported growth. The Dubai-based global trade company reported...
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