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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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Meta Launches AI-Powered Smart Glasses Featuring Real-Time Translation and Enhanced Connectivity

Meta Glasses have officially entered the smart wearable market with a new collection that combines artificial intelligence and modern eyewear. Meta Glasses arrive with...

Duqm Port Gains Strategic Importance as Global Supply Chains Shift Toward Secure and Diversified Trade Routes

Duqm Port strengthens its position as a major logistics hub as global trade routes continue to evolve. As supply chains face growing challenges, Duqm...

Circle Teams Up with INFINIOS to Strengthen Cross-Border Payments and Digital Finance Infrastructure in the Gulf

Digital Finance continues to gain momentum across the Middle East as technology companies expand payment and banking services. Circle and Bahrain-based INFINIOS have announced...

Iraq and Uzbekistan Strengthen Economic Relations Through New Trade Committee and Planned Joint Business Council Initiative

Iraq Uzbekistan Trade relations entered a new phase following the signing of a cooperation agreement between the two countries. The agreement aims to strengthen...

UAE Gold Prices Drop Dh9 Per Gram and Remain Below Dh500, Creating Fresh Buying Opportunities for Investors and Jewelry Shoppers

The UAE Gold Drop continued on Wednesday as gold prices declined across Dubai markets. The latest fall pushed prices further below the Dh500-per-gram level....

Emirates Awards 2026 Celebrate Triple Victory as Airline Wins Best Airline Worldwide Best First Class and Best Airport Lounge

Emirates Awards 2026 captured industry attention after the Dubai-based airline secured three prestigious honours at the 2026 Business Traveller Middle East Awards. The carrier...

Dubai Land Department Launches New Rental System to Improve Housing Affordability and Payment Flexibility

Dubai launched a new rental initiative called the Flexi Rent Scheme to give residents greater control over housing payments. The Dubai Land Department designed...

Kuwait Egypt Food Industry Partnership Strengthens Trade and Food Security Cooperation

The Kuwait-Egypt Food Industry Partnership is gaining momentum as both countries explore stronger cooperation across the food production, manufacturing, and distribution sectors. The initiative...

UAE Gold Prices Fall Below Dh500 Per Gram as Strong US Dollar and Weak Global Bullion Markets Weigh on Investor Sentiment

UAE gold prices moved lower on Tuesday, extending recent losses and pushing rates below Dh500 per gram once again. The decline reflected weaker global...

Bahrain Financial Sector Strengthens Through Innovation, Investment and Banking Expansion

The Bahrain financial sector continues to perform strongly as the kingdom’s banking industry records steady growth. New financial data highlights rising assets, growing deposits,...

Oman Strengthens Economic Outlook Through Growing Non-Oil Industries and Higher Revenues

Oman economy recorded stronger growth at the beginning of 2026 as non-oil sectors gained momentum. The latest figures showed rising activity beyond traditional energy...

UAE Gold Prices Climb Following Diplomatic Progress Between the United States and Iran

Dubai gold prices increased on Monday as global markets reacted to new developments between the United States and Iran. The two countries agreed on...
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