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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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Oman Partnership Boosts Financial Access With Sign-Language Services Across Branches

The inclusive finance access initiative is expanding through a new strategic partnership in Oman. This inclusive finance access effort aims to improve services for...

Gold Price Drop Extends Losses in UAE Markets Amid Global Tensions

Gold price drop dominated market discussions in the UAE on Tuesday morning. Prices declined after ceasefire talks failed to deliver progress. Traders reacted quickly...

Qatar Financial Centre Strengthens Leadership with New Board Appointments

Financial governance reform shaped recent developments at the Qatar Financial Centre. The organization announced new board appointments to strengthen leadership. Officials also confirmed that...

Gulf Digital Finance and Entrepreneurship Growth Highlight Qatar’s Leading Role

Digital finance continues to reshape global economies and unlock new opportunities. Digital finance also strengthens entrepreneurship across emerging markets. The Gulf region now plays...

Gold Price Dip in Dubai as Oil Rally Pressures Gold Market

Gold price dip shaped trading in Dubai this week. Gold prices fell under pressure from rising oil costs and inflation concerns. Global uncertainty also...

FAB Net Zero Strategy Accelerates as First Abu Dhabi Bank Expands Sustainable Finance and Climate Commitments

FAB net zero strategy is gaining strong momentum as First Abu Dhabi Bank pushes forward with a major sustainability plan. The move highlights how leading banks...

Dubai Gold Prices Rebound as Ceasefire Extension Lifts Market Sentiment

Dubai gold prices moved higher on Wednesday after early trading began. Dubai gold prices gained support from improving global sentiment. At the same time,...

HRE Development Delivers Sky hills Residences Ahead of Schedule in Dubai

HRE development marked a major milestone with the early handover of Sky hills Residences 1. HRE development completed the project six months ahead of...

Saudi IPO Market Sees First Listing Since Regional Conflict Slowdown

Saudi IPO market shows renewed activity as a new listing enters the pipeline after a quiet period. Investor sentiment improves as deal flow begins...

Gold Price Outlook Dubai Tracks US-Iran Talks

Gold price outlook guided early trading in Dubai on Tuesday. Investors reacted cautiously as tensions continued between the United States and Iran. Market participants...

NBB and Bank of London and The Middle East Partner to Expand UK Property Finance for Gulf Investors

NBB BLME UK property finance collaboration marks a major step in expanding cross-border investment services. The National Bank of Bahrain has partnered with Bank...

AI Financial Hub Drives DIFC Growth with Jobs and Innovation

AI financial hub drives a major transformation in Dubai’s financial sector. Moreover, DIFC leads this shift with an ambitious artificial intelligence strategy. The centre...
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