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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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UAE Central Bank Holds Base Rate at 3.9% as Qatar, Bahrain and Kuwait Keep Rates Unchanged After Fed Pause

The Central Bank of the UAE kept its base rate at 3.9% on Wednesday after the US Federal Reserve held rates, while Qatar, Bahrain and Kuwait also left borrowing costs unchanged.

AlRayan Bank Nine-Month Profit Falls 26% to QR977.6 Million

AlRayan Bank's net profit for the first nine months of 2026 fell 26% to QR977.64 million from QR1.32 billion a year earlier.

National Bank of Fujairah Nine-Month Profit Rises 10.5% to AED1.04 Billion as Impairments Fall

National Bank of Fujairah said nine-month net profit after tax rose 10.5% to more than AED1 billion as impairment charges fell 14.8%.

Dubai Regulator Fines Moody’s Middle East Unit $585,825 Over Confidential Data Leaks

The Dubai Financial Services Authority fined Moody's Investors Service Middle East Limited $585,825 after seven data disclosure incidents between December 2023 and May 2026.

BBK Nine-Month Profit Rises 8.8% to BD61.5 Million as Operating Income Climbs 15.7%

Bank of Bahrain and Kuwait said nine-month net profit attributable to shareholders rose 8.8% to BD61.5 million, while third-quarter profit rose 6.1% to BD19 million.

Al Ahli Bank of Kuwait Third-Quarter Profit Rises 15% to KD17.1 Million on Lower Provisions

Al Ahli Bank of Kuwait said third-quarter net profit rose 15% to KD17.1 million, while nine-month profit climbed 16% to KD54.19 million.

Oman’s Phaze Ventures Secures More Than $40 Million in Commitments for Two AI Funds

Muscat-based Phaze Ventures said it secured more than $40 million in commitments for two funds targeting more than $75 million, anchored by ITHCA Group, Ominvest, the Oman LNG Development Foundation and Future Fund Oman.

Qatar Insurance Nine-Month Profit Slips 4.3% to QR562.5 Million on Conflict Claims as Insurance Revenue Rises 14%

Qatar Insurance Company's nine-month net profit fell 4.3% to QR562.5 million as claims linked to the regional conflict weighed on underwriting, while insurance revenue rose 14% to QR7.4 billion.

Binghatti Capital Says Pinnacle Development Fund Returned 194% Net IRR to Investors on $115 Million Dubai Project

Binghatti Capital said its Binghatti Pinnacle Development Fund delivered a 194% net internal rate of return and a 2.3 times net equity multiple to external investors.

Etisalat Nine-Month Profit Rises 45.9% to AED17.2 Billion on Vodafone Stake Sale

Etisalat's consolidated net profit for the first nine months of 2026 rose 45.9% to AED17.2 billion, lifted by a gain on the sale of its entire stake in Vodafone Group.

Qatar Central Bank Sells QR3 Billion of Government Ijara Sukuk as Bids Reach QR7.1 Billion

Qatar Central Bank issued QR3 billion of government ijara sukuk in two tranches on behalf of the Ministry of Finance, drawing QR7.1 billion in bids.

Saudi Listed Banks’ Nine-Month Profit Rises 6.8% to SR73.6 Billion as Al Rajhi Leads

Combined net profit at Saudi Arabia's 10 listed banks rose 6.84% to SR73.58 billion in the first nine months of 2026, with Al Rajhi Bank earning the most.
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