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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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Abu Dhabi Exosphere to Transform Yas Island with $1.7 Billion Immersive Entertainment Venue

Abu Dhabi, UAE: The Abu Dhabi Exosphere will become one of the region’s most ambitious entertainment projects. Authorities unveiled the $1.7 billion venue for...

Global Investors Remain Confident in UAE and GCC Economies Despite Regional Tensions, New Survey Finds

GCC Economy continues attracting strong international attention as global investors remain optimistic about the region's future. A new survey shows confidence remains high despite...

Kuwait Creates $100 Million Emergency Fund to Enhance Disaster Preparedness and Recovery

Kuwait Emergency Fund marks a major step in strengthening the country's preparedness for emergencies and unexpected events. The new initiative aims to improve national...

Bahrain Launches National AI Security Awareness Campaign to Strengthen Cybersecurity and Responsible AI Use

AI security awareness Bahrain has taken center stage as the country launched a new national campaign to strengthen the safe use of artificial intelligence...

Gold Prices Stay Above Dh500 Despite Fresh Decline as Investors Watch Interest Rate Outlook

Gold Prices remained under pressure on Monday as bullion values declined at the start of the trading week. Investors continued watching interest rate expectations...

Dubai Golden Visa, Major Road Plan and UAE Airport Upgrades Shape Weekly Developments

Dubai and the wider Gulf introduced several major announcements this week. UAE developments continued to shape investment, transport, technology, education, and real estate. Governments...

Qatar Port Growth Strengthens in June as Container Traffic, Vessel Calls, and Cargo Volumes Record Solid Increase

Qatar port growth continued in June as container traffic and vessel activity increased across the country’s main seaports. The latest data shows stronger trade...

Bahrain Tourism Push Strengthens Events Sector Through New Public-Private Partnerships and Growth Strategy

Bahrain events sector continues to play a central role in the country’s tourism development plans. It also supports broader economic diversification efforts across multiple...

UAE Plans Two More Sukuk or Bond Issuances After Inaugural Retail T-Sukuk Programme Attracts Dh445 Million in Investor Demand

The UAE plans two more sovereign investment issuances this year after the successful launch of its UAE retail sukuk programme. Officials expect continued investor...

Dubai Gold Prices Hold Steady After Losing Dh60 Per Gram in a Month as Investors Monitor Global Demand and Middle East Developments

Dubai gold prices remained steady on Thursday after recording a sharp decline over the past month. Dubai gold prices continued to attract attention as...

Saudi Exchange Plan Advances with Proposal for Domestic Commodities Trading Platform

Saudi exchange plan continues to advance as Saudi Arabia strengthens efforts to modernize its capital markets. Broader reforms aim to expand financial instruments and...

Dubai Gold Prices Drop Below Dh480 as Global Market Weakness Extends Precious Metal Decline

Dubai gold prices continued falling as the precious metal market faced fresh pressure from global economic factors. The decline has attracted attention from buyers...
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