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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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Iraq 2035 Vision Focuses on Non-Oil Growth and Private Sector Expansion

Iraq aims to raise non-oil revenues as part of a broad strategy to diversify the economy and reduce dependence on crude oil exports. The...

Dubai Hospitality Sector Relies on Domestic Guests Amid Regional Travel Challenges

Dubai’s luxury hotel sector is increasingly relying on residents as international tourist arrivals remain below normal levels due to the ongoing regional conflict. As...

Oman Tops Global Export Supply Chain Index with Record Logistics Performance

Oman has achieved leading positions in several global logistics indicators. These results further strengthen its role as a major trade, transport, and logistics hub...

Qatar Ports Record Strong Growth in Cargo Handling and Container Traffic During May 2026

Qatar ports recorded strong growth in cargo handling activities during May 2026, reflecting the country’s expanding role as a regional trade and logistics hub. According...

Abu Dhabi Strengthens Housing and Business Stability With New Rent Freeze Regulations

Abu Dhabi has introduced a temporary measure that freezes rent increases for residential, commercial, and industrial properties across the emirate. The Abu Dhabi Real Estate...

Iraq to Open Nasiriyah International Airport Within Months to Boost Tourism, Trade, and Regional Development

Iraq is preparing to open Nasiriyah International Airport within the next few months as part of its efforts to strengthen the country’s transport infrastructure,...

Emirates Flight to Dubai Makes Unscheduled Refueling Stop Following Fuel Delivery Problems

An Emirates flight from Edinburgh to Dubai diverted to Manchester after fuel supply issues affected operations at airports in Scotland. The disruption caused delays...

Qatar-Uzbekistan Trade Relations Gain Momentum Through New Business Cooperation

Qatar and Uzbekistan are strengthening economic cooperation as business leaders from both countries explore new opportunities for trade, investment, and private-sector partnerships. The discussions...

Qatar Education Ministry Develops STEM HUB Framework to Promote Scientific Research and Entrepreneurship

Qatar is strengthening its education sector through the Qatar STEM HUB initiative, a national framework launched by the Ministry of Education and Higher Education....

Saudi Contractor MGC Eyes Expansion Through Multi-Billion-Riyal Stock Market Listing

Saudi contractor Mutlaq Al-Ghowairi Contracting Company (MGC) plans to raise between SAR2.6 billion and SAR3 billion ($690 million to $800 million) through its upcoming...

Bahrain Saudi Joint Business Council Strengthens Investment Cooperation

Bahrain Chamber has reconstituted the Bahraini side of the Bahraini-Saudi Joint Business Council. The move aims to strengthen private-sector participation in economic relations between...

UAE Petrol Prices Climb as Energy Markets Remain Volatile Amid Regional Uncertainty

UAE petrol prices will increase in June despite a recent decline in global oil benchmarks. Meanwhile, diesel prices will fall, offering some relief for...
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