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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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Iraq Banking Moves Closer to a Mobile-First Financial System Through Digital Innovation and Customer-Focused Banking Solutions

Iraq banking continues moving toward a digital future as financial institutions focus on expanding mobile services and increasing customer trust. Iraq banking remains in...

Dubai GDP Continues Expanding as Diversified Economic Sectors Support Sustainable Growth and Long-Term Investment Confidence

Dubai GDP recorded steady growth during the first quarter of 2026 as strong performances in trade, construction, and real estate supported the emirate’s economy....

Dubai Taxi Completes AED1.45 Billion National Taxi Acquisition to Strengthen UAE Market Leadership and Drive Long-Term Growth

Dubai Taxi has completed the acquisition of National Taxi in a deal valued at AED1.45 billion, equivalent to about $395 million. Dubai Taxi expects...

UAE Gold Prices Continue to Hold Steady Despite Weekly Declines as Global Markets React to Geopolitical and Economic Developments

UAE gold prices remained stable on Thursday despite renewed geopolitical uncertainty across the Middle East. However, the precious metal has still lost value over...

New Oman Air Service Connects Muscat and Singapore to Support Tourism Growth

Oman tourism continues to grow as the country strengthens its presence in Southeast Asia. The latest initiative includes new direct flights between Muscat and...

Kuwait Budget Deficit Widens as Lower Oil Revenue Reduces Government Income

Kuwait deficit figures increased during the 2025–26 fiscal year as lower oil revenue reduced government income. The latest financial results highlight the continued impact...

Dubai Gold Prices Show Resilience as Investors Focus on Interest Rates and Regional Risks

Dubai gold prices remained stable on Wednesday despite rising tensions across the Middle East. Investors continued monitoring geopolitical developments while watching economic signals from...

Gulf Energy and Trade Routes Face Lasting Changes After Strait of Hormuz Crisis

Gulf trade routes remain central to global energy supplies despite the recent Strait of Hormuz crisis. Gulf trade routes continue supporting international oil and...

Saudi Arabia Deploys First Full Duplex 5G Transport Technology with stc and Huawei

Full Duplex technology has reached a major milestone in Saudi Arabia after stc Group and Huawei completed the country’s first deployment in Riyadh. Full...

Sheikh Zayed Summer Festival 2026 Opens in Abu Dhabi with Over 3,000 Activities

The Summer Festival officially opened in Abu Dhabi, offering thousands of educational and entertainment activities for children and teenagers throughout the school holidays. The...

UAE EV demand continues to grow as rising fuel costs boost electric vehicle sales despite shipping delays, limited inventories, and longer delivery times.

UAE EV demand has accelerated across the Emirates as more buyers choose electric and hybrid vehicles. However, supply shortages continue to limit availability after...

Dubai Gold Prices Hold Steady Below Dh500 Per Gram as Investors Await US Federal Reserve Meeting Minutes

Dubai gold prices remained stable on Tuesday as investors waited for fresh signals from the United States Federal Reserve. Dubai gold prices continued attracting...
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