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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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Dubai Gold Prices Hold Near Dh610

Dubai gold prices held firm near Dh610 per gram at the start of trading on Thursday. Traders across the emirate watched rates closely as...

AI Cost Savings in UAE Banks

AI cost savings are driving a major shift in UAE banking, according to a new industry study. The report found that more than four...

Dubai Gold Prices Ease After Strong Gains

Gold prices in Dubai eased on Tuesday after a strong jump on Monday. Dubai gold prices have stayed in focus as traders watch global...

Iraq Gold Markets Spark Interest as Prices Climb in Baghdad and Erbil

Iraq's gold markets drew strong attention on Monday as prices climbed steadily in Baghdad and Erbil. Early trading showed renewed momentum, prompting buyers and...

Iraq Moves To Protect Farmers With Sweeping Crop Import Ban

Iraq has taken a decisive step to protect local farmers by halting imports of more than ten crops. On Monday, the Ministry of Agriculture...

Dubai Gold Prices Surge

Gold prices surged in Dubai as investors flocked to safe-haven assets amid global market uncertainty. The metal’s daily gains have drawn attention across the...

Omani Beekeeper Takes Top Honors in Paris

Omani honey once again captured global attention when al Shahri, a renowned beekeeper, won three prestigious awards. The Paris International Honey Competition honored him...

Bahrain Boosts Aviation Safety with Digital Services

Bahrain’s Ministry of Transportation and Telecommunications has introduced digital services for aircraft maintenance. The new system covers certificate issuance, renewal, and amendment. This initiative...

Rising U.S.–Iran Tensions Challenge Gulf Economic Transformation

Escalating tensions between Washington and Tehran have put the Persian Gulf on high alert. In February 2026, President Donald Trump indicated a “locked and...

Arla Foods Invests $60 Million To Expand Bahrain Dairy Facility

Arla Foods announced a major expansion of its facility in Bahrain’s International Investment Park. The investment adds 8,000 square meters to the company’s largest...

Kuwait Moves Ramadan Charity Donations Online Under New Rules

Kuwait has introduced stricter rules for charity fundraising during Ramadan 2026, likely starting February 19. The Ministry of Social Affairs now prohibits all cash...

Dollar Slides Below 150,000 Dinars in Baghdad and Erbil

The US dollar trades slightly lower in Iraq on Thursday, falling just below 150,000 dinars per 100 dollars. This decline reflects cautious market activity...
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