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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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Qatar Accelerates Shift Toward a Cashless Economy with Digital Payments

Qatar digital payments continue transforming the country's financial landscape as electronic transactions replace cash across retail stores, online shopping, government services, and money transfers....

FAB Reports Strong First-Half 2026 Earnings as Lending Growth Boosts Operating Income

FAB earnings continued to improve during the first half of 2026 as the bank delivered stronger financial results. Strong lending activity, higher interest income,...

Dubai Gold Prices Ease as Safe-Haven Demand Continues to Support the Market

Dubai gold remained in focus on Thursday as local prices declined slightly after reaching higher levels earlier this week. However, Dubai gold continued attracting...

Emirates NBD Reports Higher First-Half Profit on Strong Loan Growth

Emirates NBD delivered stronger financial results during the first half of 2026. Emirates NBD continued expanding its lending business while increasing total income across...

Iraq Economy Faces Mounting Pressure as War Disrupts Oil Exports

Iraq economy remains under growing pressure as the regional conflict continues to disrupt oil exports and government finances. The latest developments have deepened economic...

Zain Group Contributes $10 Million to Kuwait Emergency Response Fund

Zain donation highlights the company's continued commitment to Kuwait after contributing $10 million to the Kuwait Emergency Response Fund. The initiative aims to improve...

Dubai Gold Prices Return to Early July Levels as Global Bullion Markets Strengthen

Dubai gold prices moved higher on Wednesday morning, returning close to the levels seen in early July. The latest increase followed renewed strength in...

Dubai Property Market Enters a More Stable Phase as Sales Slow and Long-Term Buyer Confidence Remains Strong

Dubai property market continues to adjust after several years of rapid expansion. Recent figures show lower transaction activity, yet experts believe the Dubai property...

Saudi Banks Report Higher Profits Despite Slower Lending Growth

Saudi banks continued to deliver solid financial results during the first half of 2026. Saudi banks showed resilience despite slower credit expansion across the...

Saudi Consulting Market Shifts Toward Project Delivery as Demand Evolves

Saudi Consulting continues evolving as government priorities reshape demand across the Kingdom's advisory industry. Saudi Consulting firms now focus more on project delivery because...

Dubai Gold Prices Hold Steady as Strong Dollar Limits Market Gains

Dubai Gold prices remained stable at the start of the week despite continued geopolitical uncertainty across global markets. Dubai Gold continued attracting investor attention,...

Dubai Luxury Property Market Sees Dh3.72 Billion in Off-Plan Home Sales During June

Dubai’s Luxury Off-Plan market continued its impressive growth during June as buyers invested heavily in premium residential properties. Luxury Off-Plan activity remained strong across...
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