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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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Donald Trump Suggests Seizing Iran’s Oil Hub as U.S.-Iran Conflict Escalates

U.S. President Donald Trump said he wants to take Iran’s oil and suggested that American troops could seize the country’s Kharg Island export hub....

No Power Cuts for Supported Bahraini Homes Despite BD84 Million in Unpaid Electricity Bills

Despite BD84 million in overdue electricity bills, the Ministry of Electricity and Water Affairs has kept power on for all supported Bahraini homes under...

Iraq Loses $360K Daily Due to Airspace Closure Amid Regional Conflict

Iraq's airspace is losing approximately $360,000 per day as a result of the suspension of overflights across its airspace. This totals around $10.8 million...

Saudi Arabia Launches Open Banking Licensing, Paving the Way for Fintech Growth

Saudi Arabia has taken a major step in its financial transformation by launching formal Open Banking licensing. The move marks a significant shift in...

UAE Dubai Airport Stays Open as Flights Continue Under Pressure

Dubai airport open on March 30, offering a vital sign of stability as regional tensions and operational disruptions continued to affect air travel. Although...

Kuwait Gold Market Sees Surge as Buyers Eye Jewelry and Coins Amid Bullion Shortage

Gold buyers in Kuwait are increasingly buying jewelry and coins as bullion supply tightens. Prices are approaching record highs, highlighting investors’ drive to protect...

UAE Financial Sector Holds Firm Despite Iran War Pressures

United Arab Emirates: The UAE financial sector is showing strong resilience despite the Iran war, as banks, investors, and regulators work to contain rising...

Abu Dhabi Airport Open but Travel Disruptions Continue

Abu Dhabi airport open today, but operations remain limited as regional tensions and bad weather continue to disrupt travel. Authorities have restored partial services,...

Qatar Airways Flights Expand Across Global Network

The Qatar Airways flights are expanding across more than 90 destinations, signaling a steady recovery in global travel demand. The airline announced an updated...

Manchester Airport Flights Cancelled as Bahrain Airspace Remains Closed

Manchester Airport flights cancelled today as Bahrain airspace remains closed, causing significant disruption to passengers and airlines. Gulf Air has suspended two scheduled flights,...

LNG Prices Surge as Iran War Disrupts Global Supply Outlook

Global LNG markets have entered a period of sharp volatility as LNG Prices Surge following the war involving Iran. The conflict has disrupted key...

Mubadala Energy Expands in Southeast Asia with New Andaman Sea Exploration Block in Indonesia

Mubadala Energy expanded its footprint in Southeast Asia after securing a new exploration block in the Andaman Sea off the coast of Indonesia. As...
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