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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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Saudi Work Permit Extension Supports Employer Compliance and Labor Market Organization Until End of 2026

Saudi work permits regulations have changed after Saudi Arabia extended the deadline for employers managing expatriate worker documentation. The decision gives businesses additional time...

Kuwait Plans 4.25 Billion Dollar International Loan to Strengthen Government Finances and Expand Global Market Access

Kuwait loan plans gained attention after the Ministry of Finance advanced a major financing initiative. The Kuwait Investment Authority is arranging a $4.25 billion...

Sharjah Launches Summer Festival Featuring Discounts, Travel Experiences, and Luxury Prize Giveaways

Sharjah summer fest has officially begun with a large seasonal campaign offering major retail discounts, tourism experiences, and hundreds of prizes. The initiative aims...

SINNAD Membership Strengthens Bahrain’s Digital Payments and Banking Collaboration

SINNAD membership marks a new milestone in strengthening cooperation across Bahrain’s banking and financial services industry. By joining the Bahrain Association of Banks (BAB), the company...

Middle East Air Cargo Demand Falls 8.9% in May as Regional Conflict Continues to Disrupt Gulf Aviation and Trade Routes

Middle Eastern airlines recorded a sharp decline in air cargo activity during May as regional conflict disrupted aviation networks. Freight demand fell significantly across the region,...

Bahrain Market Upgrade Supports Capital Market Growth Through Advanced Digital Infrastructure and Global Connectivity

Bahrain market is entering a new phase of digital transformation after Bahrain Bourse announced a strategic technology partnership with Nasdaq. The agreement aims to...

Oman Water Supply Project Advances with €2 Billion Infrastructure Contract

Oman water supply project has reached a major milestone after Nama Water Services awarded a €2 billion ($2.3 billion) contract to an international consortium....

India-Saudi Water Cooperation Expands with New Resource Management Agreement

India-Saudi Water Cooperation has entered a new stage after both countries signed a memorandum of understanding to strengthen collaboration in water resources. The agreement...

Iraq Anti-Corruption Campaign Expands with New Asset Recovery Measures

Iraq anti-corruption campaign has entered a new phase after Prime Minister Ali al-Zaidi directed the Ministry of Finance to establish a dedicated account for...

UAE Visa Expansion Strengthens Tourism, Business Travel, and International Connectivity

UAE visa expansion continues gaining momentum as the country adds more eligible nationalities to its visa-on-arrival system. The latest update aims to make travel...

Oman Plastic Ban Expands to More Retail Sectors from July 1 to Reduce Single Use Plastic Waste

Oman's plastic ban will expand to more retail sectors from July 1 as authorities continue efforts to reduce plastic waste. The latest measures target...

Apple UAE Prices Rise as Higher MacBook Costs Fuel iPhone 18 Pro Price Expectations

Apple UAE prices have increased across several products, raising expectations that the upcoming iPhone 18 Pro will also cost more. The latest adjustments affect...
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