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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 Industrial Output Rises in February on Mining and Oil Growth

Saudi Arabia’s industrial output growth accelerated in February, reflecting strong performance in mining and manufacturing sectors. The Industrial Production Index reached 114.6, up from...

Kuwait Moves to Digital Financial Reporting

Kuwait is advancing digital financial reporting as it prepares to make XBRL submissions mandatory by 2027. The Ministry of Commerce and Industry has begun...

Gulf Banks Face Q1 2026 Profit Challenges Amid Regional Conflicts

Gulf banks earnings are facing challenges in the first quarter of 2026 due to regional conflicts and shrinking lending margins. Analysts expect year-on-year declines...

UAE-Bahrain Deal Signed to Boost Local Currency Use

The UAE Bahrain deal will enhance financial cooperation and promote local currency use in cross-border trade. UAE Bahrain deal signals growing regional economic collaboration....

Arab Economies Face Massive Losses Amid West Asia Conflict, Trade Disruptions, and Rising Unemployment

Arab economies’ losses are worsening as the ongoing conflict in West Asia continues to affect trade, jobs, and growth. According to UN analysts, these...

Gold Prices in Dubai Fall After Initial Rally as Ceasefire News Shifts Market Sentiment

Gold prices in Dubai opened lower on Thursday after losing most of Wednesday’s gains. The drop came as market sentiment shifted following a ceasefire...

Dubai Gold Hits Dh578.75 Per Gram After Geopolitical Relief Rally

Gold price surge leads market reaction after a major geopolitical breakthrough. As a result, investors responded quickly across global markets. Prices climbed sharply in...

AD Ports Completes Dh9.175 Billion Loan Refinancing in UAE

Loan refinancing UAE drives a major financial move by AD Ports as it strengthens its funding strategy. The company secured a new agreement with...

Iraq Growth Outlook 2026: IMF Forecasts Top 5 Arab Economy with Steady Expansion Through 2030

Iraq growth outlook gains strong momentum as new forecasts point to steady expansion and rising global standing. On Monday, the International Monetary Fund highlighted Iraq’s improving...

Riyadh Evacuation Alert: KAFD Cleared Amid Potential Iranian Missile and Drone Threats

Riyadh evacuation alert came after authorities warned of potential Iranian missile and drone attacks. The government cleared the King Abdullah Financial District (KAFD), the...

Pakistan Plans $2 Billion UAE Repayment as Debt Obligations Rise

Mounting debt obligations have pushed Pakistan UAE repayment plans into focus as the government moves to secure financial stability. The decision reflects urgent efforts...

Dubai Launches 3-Month Economic Relief for Hotels Amid Rising Business Pressures

Dubai has rolled out fresh economic support measures to help businesses manage rising short-term financial pressure. The latest move gives hotels and other businesses...
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