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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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Saudi Arabia and Jordan Advance Rail Link to Boost Trade and Logistics

Rail link development between Saudi Arabia and Jordan marks a major step in regional transport cooperation. The rail link plans aim to improve trade...

Gold Prices Fall in Dubai as Strong Dollar Counters Rising Tensions

The gold price drop led market movements in Dubai as trading opened this week. Investors reacted to renewed tensions between the United States and...

Gold Prices Rise in Dubai as Weak Dollar and US-Iran Talks Boost Demand

Gold price rise has gained attention in Dubai as markets respond to shifting global political expectations. The gold price rise has also aligned with...

Dubai Gold Prices Ease After Rapid 24-Hour Surge

Dubai gold prices eased slightly on Wednesday morning after a strong rally the previous day. Prices had climbed sharply by nearly Dh8 per gram...

Dubai Gold Market Gains Momentum as Oil Prices Drop Below $100 and Investors Shift to Safe Assets

Gold price in Dubai increased on Tuesday morning as oil prices dropped below $100 per barrel. The decline in energy costs reduced inflation pressure...

Oman Acquisition Deal Strengthens Renaissance Services’ Expansion in Facilities Management Sector

Oman acquisition deal marks a major step in Renaissance Services’ expansion strategy as the company completes the purchase of Socat LLC. The move strengthens...

Qatar Offers Create Confusion as Shoppers Struggle with Scattered Deals and Lack of Clear Comparison

Today’s offers in Qatar attract thousands of shoppers every day. Most people are not simply looking for more promotions. Instead, they are searching for...

Dubai Gold Prices Decline Ahead of Akshaya Tritiya as Buyers Seek Better Jewellery Deals

Dubai markets opened the week with a noticeable gold price drop. The decline quickly drew attention from shoppers and investors. Moreover, the timing aligns...

Kuwait Airport Closure Continues Amid Security Concerns and Infrastructure Damage, Disrupting Regional Travel

The Kuwait airport closure continues as authorities maintain the suspension of commercial flights. Officials in Kuwait City confirmed that operations remain halted. Moreover, they...

UAE Banking System Shows Strong Resilience Amid Regional Tensions and Stable Funding Conditions

S&P Global Ratings: Banking resilience in the UAE remains strong as financial institutions continue to show stability amid regional tensions. The banking system in...

UK Iraq Deal Strengthens Economic, Energy, and Infrastructure Cooperation Between London and Baghdad

The UK Iraq Deal drives a major economic shift between London and Baghdad. In addition, both governments announced a $15 billion trade and investment...

Kuwait Airways Resumes Colombo Flights and Expands International Network Through Dammam Transit Strategy

Kuwait Airways resumes international expansion with renewed focus on key Asian routes. The airline confirms the return of Colombo flights after strategic planning updates....
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