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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 Apartment Prices Fall as Burj Khalifa Leads July Declines

Dubai apartment prices continued to face pressure in July, although some communities recorded stronger performance. Meanwhile, buyers increasingly showed interest in completed homes. Apartment values...

Gold Prices in Dubai Rise Further as 24K Reaches Dh530.25 Amid Strong Weekly Rally

Gold prices continued rising in Dubai on Wednesday as the precious metal extended its recent recovery. The latest move pushed 24K gold to Dh530.25...

Dubai Property Market Gains from Population Growth as Rising Supply Delays Price Increases

Dubai property continues attracting attention as rapid population growth strengthens long-term housing demand. However, stronger population numbers may not immediately push home prices higher. More...

Sharjah Plans to Level Khor Fakkan Mountain for New Residential Development

Sharjah housing plans could expand residential capacity in Khor Fakkan as officials examine a new mountain development. The proposal aims to address limited land...

CrediMax Launches Summer Campaign With 6 Million Thameen Points Up for Grabs

The CrediMax campaign gives Bahrain cardholders a chance to win 6 million Thameen Points. The summer promotion rewards customers for international card spending. The campaign...

DEWA Profit Jumps to Dh3.33 Billion in H1 2026 as Electricity Demand Drives Growth

DEWA profit reached Dh3.33 billion during the first half of 2026. Stronger demand for electricity, water, and cooling services supported the results. Dubai Electricity and...

Dubai Gold Prices Surge as 22K Nears Dh500 Amid Rising Regional Tensions

Dubai gold prices continued climbing on Tuesday as 22K bullion moved closer to Dh500 per gram. Gold prices strengthened in Dubai and international markets...

Maaden Revenue Rises 16% as Higher Gold and Aluminium Prices Boost Second-Quarter Results

Maaden revenue increased 16 percent in the second quarter of 2026. Higher commodity prices and stronger sales supported the Saudi mining company. Revenue reached SAR11...

Seera Revenue Rises 4% as Strong Hajj and Umrah Growth Offsets Decline in Corporate Travel Demand

Seera revenue increased during the second quarter of 2026 as stronger Hajj demand supported the Saudi travel company. The company also benefited from recovering...

Dubai Gold Prices Stay Above Dh522 as Market Holds Near Record Highs After Last Week’s Rally

Dubai gold prices remained close to record levels on Monday after a strong advance last week. Investors now await important US economic data for...

Iraq Banking Reforms Could Attract Major Regional Investors as New Rules Reshape the Country’s Financial Sector

Iraq banking reforms could create new opportunities for regional financial institutions. New rules aim to strengthen governance and improve the country's banking sector. The Central...

KFH-Bahrain Awards BD1.1 Million MyHassad Grand Prize to Lucky Winner

KFH-Bahrain awarded the MyHassad Grand Prize worth BD1.1 million to Alya Ebrahim. The prize ranks among Bahrain’s largest individual cash awards. The bank announced the...