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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 and Qatar Hold Joint Committee Meeting to Expand Finance, Investment, and Emerging Technology Partnerships

UAE Qatar economy relations are strengthening after both countries signed new agreements covering finance, investment, and emerging technologies. The development reflects growing political alignment...

DXB Growth Continues as Dubai Airports Targets 100 million Passengers Despite Regional Challenges

DXB growth continues to drive Dubai’s aviation ambitions despite recent regional tensions. Dubai Airports expects strong passenger demand throughout 2026. Industry analysts believe the...

Oman Economy Enters Stronger Growth Phase as Non-Oil Sectors Expand and Fiscal Reforms Deepen

The Oman economy is entering a stronger growth phase as non-oil sectors expand and fiscal reforms deepen, according to the latest World Bank assessment....

HEISCO Secures $311 Million Financing to Support Kuwait Infrastructure Growth

HEISCO financing deal highlights stronger financial backing for Kuwait’s infrastructure sector. This agreement provides renewed credit facilities to support ongoing operations. It also reinforces...

UAE Gold Prices Remain Steady Despite Rising Regional Tensions and Missile Incidents

UAE gold prices remained stable on Tuesday morning despite renewed regional tensions. UAE gold prices showed resilience even after fresh missile incidents raised concerns....

Kuwait Deposit Extension Supports Egypt’s Financial Stability and Strengthens Bilateral Cooperation

Kuwait deposit extension plays a key role in supporting Egypt’s external financial stability. The arrangement highlights continued cooperation between Kuwait and Egypt. Kuwait decided to extend its $2...

UAE Gold Rates Remain Stable as Geopolitical Risks and Dollar Weakness Shape Market Direction

Gold prices UAE opened the week with limited movement across local markets. Traders monitored global developments closely as regional tensions showed signs of easing. On...

Iraq Records Rising Imports and Falling Exports as China Trade Surplus Narrows Sharply

Iraq-China trade became more imbalanced in 2025 as imports increased and export revenues declined. This shift reshaped the overall trade relationship between Iraq and China. Official data from...

Bank Profit Growth Continues at Arab Bank as Earnings, Loans, and Deposits Increase

Arab Bank Group reported strong financial results in early 2026. Bank profit growth continued through the first quarter. This performance reflected higher income and...

Dubai Financial Market Delivers Strong Quarterly Growth Despite Market Volatility and Brief Closure

Dubai Financial Market profit surge shaped results in the first quarter of 2026. Net profits rose 43 percent and reached 193.3 million dirhams during...

PS5 Price Hike Continues as Sony Raises Console Prices Globally Amid Supply Chain and AI Demand Pressures

PS5 price hike continues to shape the global gaming market as Sony increases console prices worldwide. The PS5 price hike reflects rising production costs...

Gold Prices UAE Remain Stable as Global Inflation and Interest Rate Signals Shape Market Sentiment

Gold prices in the UAE remained stable during early trading across local markets. Prices showed only a slight daily decline despite ongoing global economic...
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