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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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Kuwait Strengthens Travel Complaint Process via Sahel App

Kuwait has shifted travel-related complaints to a digital platform, tightening oversight of airlines and travel agencies. The Public Authority for Civil Aviation (DGCA) now...

Dubai Aerospace Secures $2.8 Billion Credit Boost to Drive Expansion

Dubai Aerospace Enterprise (DAE) secured $2.8 billion in new credit facilities from 15 international banks. This move expands its total available credit to nearly...

WEF Postpones Jeddah Meeting Amid Gulf Tensions

The World Economic Forum has postponed a major Saudi meeting, adding fresh pressure to the region’s business event calendar as conflict risks reshape investor...

U.S. Dollar Strengthens Amid Rising Gulf Tensions

The U.S. dollar recovered against major currencies on Tuesday amid rising tensions in the Gulf. The UAE and Saudi Arabia signaled a tougher line...

Qatar Airways Evacuates Thousands Amid Middle East Conflict

Qatar Airways flights helped evacuate more than 7,600 Indian nationals from Doha to India amid the escalating Middle East conflict. The Indian embassy in...

Dollar Steadies Near 154,000 as Iraq Markets Reopen

Iraq dollar rate stabilized near 154,000 dinars per 100 dollars as markets reopened Tuesday following the Eid Al-Fitr holiday. Currency trading resumed in Baghdad...

NBB Fully Reopens Branch Network Across Bahrain

The National Bank of Bahrain (NBB) has fully reopened its branch network across the Kingdom. Consequently, banking operations are gradually returning to normal and...

Wall Street Futures Jump After Trump Delays Iran Strikes

Wall Street futures surged on Monday after U.S. President Donald Trump announced a delay in planned military strikes on Iran. The move helped calm...

Iraq Strengthens Regional Standing With Rising Gold Reserves

The reserves of Iraq gold have continued to grow, placing the country among the leading Arab nations in bullion holdings. Recent data shows that...

Jazeera Airways Resumes Dubai Flights, Restores Full India Network

Jazeera Airways Dubai flights, restoring a key route for travelers from Kuwait. The move reopens access to one of the world’s busiest aviation hubs...

Dubai Flights Disrupted as Cathay Pacific Suspends Operations

Dubai flights chaos has intensified after another major airline suspended operations to the city. The disruption reflects growing concerns over regional security and aviation...

Kuwait Keeps Supply Chain Stable as Truck Flow Reaches 600 Daily

Kuwait has strengthened its Kuwait supply chain by maintaining the daily movement of hundreds of trucks. Authorities say the system continues to operate without...
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