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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’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.

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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Kuwait Airport Resumes Operations While Terminal 1 Repairs Continue Following Regional Disruptions

Kuwait Airport remains open as flights restart following regional tensions, although Terminal 1 remains unavailable because repair work continues. Kuwait International Airport has gradually...

Oman Maintains Strong Trade Surplus as Exports and Economic Diversification Support Growth in 2026

Oman trade surplus continues to show strength as the country maintains a positive balance between exports and imports. New figures show that the Sultanate...

GCC VAT Overhaul Reshapes Cross-Border Trade Across the Gulf as Businesses Prepare for Stricter Tax Compliance Rules

GCC VAT Overhaul is reshaping regional trade rules as Gulf countries move toward stronger tax coordination. The updated framework will affect companies that move...

Sustainable Rice Production Expands Across Najaf Through Advanced Mechanised Farming Techniques

Sustainable rice production is gaining attention in Najaf as farmers explore modern farming methods. The new approach aims to reduce water consumption and improve...

UAE Gold Prices Rise Sharply as Fed Keeps Rates Unchanged and Investors Track Future Economic Moves

UAE gold prices moved higher on Thursday after the US Federal Reserve decided to keep interest rates unchanged, creating fresh momentum across precious metal...

Iraq Dollar Exchange Rate Declines in Baghdad and Erbil

The Iraq dollar exchange rate declined on Thursday as the US currency opened lower in both Baghdad and Erbil markets. The latest movement reflects continued fluctuations...

Qatar Airways Expands Summer Network with More Than 160 Global Destinations and Stronger International Connections

Qatar Airways is expanding its international network as Global Connectivity becomes a major focus for the airline. The carrier is increasing its summer schedule...

Dubai Homebuyers Turn to Fixed-Rate Mortgages as Property Demand Continues to Grow

Dubai’s property market continues showing strength as Fixed Rates become a major focus among homebuyers. Many buyers are choosing stable mortgage options to manage...

UAE Gold Prices Remain Above Dh520 Despite Minor Market Decline

Dubai, UAE: UAE gold prices remained above the Dh520 level on Wednesday despite a slight decline in local rates. The latest market movement reflects...

Giorgia Meloni and Sheikh Mohamed Discuss Regional Security, Trade and Investment Cooperation at G7 Summit

Italian Prime Minister Giorgia Meloni met with UAE President Sheikh Mohamed bin Zayed Al Nahyan on the sidelines of the G7 Summit. The leaders discussed regional developments...

Local Souq Launches New Digital Platform in Dubai to Connect Consumers With Nearby Businesses Across the UAE

Local Souq has officially entered the Dubai market with a new digital platform. The Local Souq platform aims to connect consumers with nearby businesses....

UAE President Reviews Services During Visit To Abu Dhabi Fish Market

UAE President His Highness Sheikh Mohammed bin Zayed Al Nahyan visited the fish market at Mina Zayed in Abu Dhabi to review operations and...