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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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Gold Prices Remain Steady in Baghdad and Erbil Markets

Gold prices remained stable in Baghdad and Erbil, holding their levels from the previous day. This stability reflects a balanced local gold market despite...

First India-Bound Tanker Passes Strait of Hormuz Since Regional Conflict

The Liberia-flagged tanker Shenlong Suezmax arrived at Mumbai Port this Wednesday with a vital shipment of Saudi Arabian crude. This vessel became the first...

Bahrain’s Banks Remain Fully Operational Amid Regional Developments

The Bahrain Association of Banks (BAB) announced today that the kingdom’s financial institutions remain fully operational. Despite recent developments, the banking sector continues to...

Drone Strikes Target Kuwait International Airport, No Casualties Reported

The Directorate General of Civil Aviation announced that several drones targeted Kuwait International Airport early Thursday morning. This attack caused significant material damage to...

Middle East Tourism Revenue at Risk Due to Conflict

The regional tourism industry is losing $600 million every day due to the ongoing Middle East conflict. The Financial Times reported these staggering figures...

Korean Air Extends Incheon–Dubai Flight Suspension Until March 28

Korean Air officially extended its suspension of flights between Incheon and Dubai this Wednesday. The carrier originally planned to resume the KE951 and KE952...

Saudi Arabia Considers Multi-Million-Dollar Ukrainian Drone Defense Purchase

Saudi Arabia is currently negotiating a deal with Ukraine to purchase specialized interceptor drones. These systems neutralize Iranian-made Shahed strike drones that recently targeted...

Gold Prices Dip in Baghdad and Erbil After Peak

Gold prices dip across Iraq this Wednesday following a record-breaking surge earlier in the week. New data from Baghdad and Erbil markets shows a...

Over 10,000 Chinese Travelers Safely Return from Gulf

China successfully coordinated the safe return of more than 10,000 citizens this Tuesday. These travelers arrived from the United Arab Emirates, Oman, and Saudi...

American Airlines Extends Flight Suspensions to Doha and Tel Aviv Amid Gulf Tensions

Flight suspensions now dominate the international travel landscape as American Airlines extends its service halts for Doha and Tel Aviv this Tuesday. The carrier...

Sheikh Mohammed Enacts Law No. 3 of 2026 to Boost Structural Safety in Dubai

Building safety standards in Dubai reached a new level of stringency this Tuesday after Sheikh Mohammed bin Rashid Al Maktoum issued Law No. (3)...

Gold Prices Climb to New Peak in Baghdad and Erbil

Gold prices climb across Iraq this Tuesday as investors seek a safe haven during the ongoing regional energy crisis. New data from the Baghdad...
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