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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.

Explore more

Kuwait Finance Ministry Warns Against Renting State-Licensed Chalets And Rest Houses

Kuwait’s Ministry of Finance has renewed its call for beneficiaries of state-licensed chalets and rest-house plots to follow all licensing regulations and protect public...

Qatar Islamic Finance Sector Maintains Growth Momentum Ahead Of Doha Finance Conference

Qatar’s Islamic finance industry continued to demonstrate strong growth and resilience during 2025, according to the ninth annual report released by Bait Al-Mashura Finance...

UAE Rejects Allegations of Frozen Iranian Asset Transfers During Regional Diplomatic Talks

Reports claimed that the United Arab Emirates agreed to make billions of dollars available to Iran as part of efforts to reduce regional tensions...

French Consulate General Organizes World Music Day Event to Promote Music and Cultural Understanding in Erbil

Erbil joined cities around the world in celebrating World Music Day through a cultural event organized by the French Consulate General in the Kurdistan...

Qatar Strengthens Food Security Strategy Through Private Sector Investment Drive

Qatar is increasing its focus on private sector participation to strengthen food security and support long-term economic growth. The new approach aligns with the...

Dubai Gold Prices Continue Falling as Investors Focus on Inflation and Monetary Policy

Dubai gold prices dropped below Dh500 per gram on Thursday, giving shoppers another opportunity to buy gold at lower rates after a sharp decline...

Saudi Arabia Signs $150 Million Fuel Supply Agreement to Support Yemen’s Electricity Sector

Saudi Arabia and Yemen have signed a $150 million agreement to supply petroleum derivatives for electricity generation, reinforcing efforts to improve power services across...

Gold Prices in the UAE Continue Downward Trend as Investors React to Inflation Risks and Higher Interest Rate Expectations

UAE gold prices recorded a sharp decline on Wednesday, falling by more than Dh10 per gram and reaching their lowest levels in over a...

Gold Prices Stay Stable in Baghdad While Erbil Markets Record Modest Gains Across Key Gold Categories in Iraq

Gold prices remained stable in Baghdad and recorded slight increases in Erbil on Tuesday, according to a market survey conducted across major gold trading...

Fish Prices Stabilise in Bahrain as Safi Falls to BD4 Following Seasonal Fishing Ban Lift

Fish prices in Bahrain have started to stabilize nearly one week after authorities lifted the seasonal fishing ban on safi, sheari, and andak. The...

UAE Announces Temporary Visa Ban for Travelers From Affected African Countries Following Ebola Concerns

The United Arab Emirates has temporarily suspended visa issuance for nationals of the Democratic Republic of the Congo, Uganda, and South Sudan. The measure...

Dubai Gold Prices Fall to Lowest Level in June as Global Market Weakness Brings Relief to UAE Buyers

Gold buyers in the UAE received welcome relief on Monday after Dubai gold prices dropped to their lowest levels since the beginning of June....
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