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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’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.

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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Oman Ports Profits Jump 27% to $598 Million Amid Maritime Expansion

Oman ports profits rose to OR230 million, or $598 million, in 2025. This represents a 27 percent increase year-on-year. The growth reflects strong business...

UAE Market Upgrade Signals New Financial Era

UAE market upgrade is reshaping the country’s position in global finance. Moreover, the UAE market upgrade gained momentum after a major US bank revised...

Kuwait Wealth Fund Tops $1 Trillion

Kuwait wealth fund assets surpassed $1 trillion in 2025, highlighting the country’s strong fiscal position. Consequently, the milestone underscores Kuwait’s ability to manage public...

Iraqi Banks Strengthen German Partnership

The Iraqi Private Banks League (IPBL) has renewed its cooperation agreement with the Frankfurt School of Finance & Management. Consequently, Iraqi banks aim to...

Dubai Gold Prices Jump Over Dh6 in Early Trade

Dubai gold prices opened the week with strong gains across local markets. Traders reported higher rates in early dealings on Monday morning. Buyers and...

Saudi Trade Surplus Climbs

Saudi trade surplus surged 70 percent in November 2025, reaching SAR22.3 billion ($5.9 billion). The increase reflects strong performance in petroleum exports and rising...

Kuwait Deficit Hits Record $31.96 Billion as Oil Revenue Remains Key to Fiscal Planning

Kuwait deficit concerns are rising as the government forecasts a record shortfall for the next fiscal year. Officials estimate total income at 16 billion...

Corporate Digital Banking Transforms Oman Businesses

Corporate Digital Banking is reshaping how Omani businesses manage finance and operations. BankDhofar has launched a new platform designed to simplify complex transactions and...

Crypto Winter Risks Shadow Bitcoin Rebound

Crypto winter risks continue to shape investor sentiment as Bitcoin attempts a fragile recovery. Traders are watching crypto winter risks closely after weeks of...

Gulf Financial Ties Strengthen

Qatar’s central bank governor met Saudi Arabia’s wealth fund chief to discuss bilateral cooperation. The meeting took place in a formal setting, with both...

Premium Economy Expands Globally

Emirates is expanding its Premium Economy offering across key global routes, and the airline plans to roll out upgraded cabins throughout the year. Premium...

GCC IPO Activity Drops As Saudi, UAE Lead 2025 Listings

GCC IPO activity slowed sharply in 2025, even as Saudi Arabia and the UAE led regional listings. Markets across the Gulf raised far less...