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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 Rise in Baghdad and Erbil Amid Strong Demand

Baghdad/Erbil, February 4, 2026 – Iraq gold prices continued to climb on Wednesday, reaching 1.06 million IQD per mithqal in Baghdad and Erbil, continuing...

US Dollar Surges Across Iraqi Markets

The dollar rate surge continued in Iraq on Wednesday, pushing the currency above 150,000 dinars per 100 dollars. This movement highlights rising demand and...

Iraq’s Strategic Path to Economic and Security Transformation

Baghdad – Iraq is charting a new economic path with the Development Road project, aiming to transform the nation’s role beyond its traditional reliance...

The World Watches as Dubai Becomes a Fashion Hub

Dubai Fashion Week is rapidly gaining recognition on the global stage. By hosting its event ahead of other major fashion weeks, the city is...

Kuwait to Host Fifth DCO General Assembly to Shape Global Digital Agenda

The Digital Cooperation Organization (DCO) will hold its fifth General Assembly in Kuwait from February 4–5. The DCO General Assembly will bring together Member...

Trump Denies Knowledge of UAE Stake in World Liberty

United States President Donald Trump has denied knowledge of the reported $500 million investment by the UAE in World Liberty Financial. Trump UAE stake...

Bahrain Boosts Support for First Homes with Higher Electricity Subsidy

Bahrain electricity subsidy policy entered a new phase as authorities expanded support for citizens’ first homes across the kingdom. Bahrain electricity subsidy changes signal...

Baghdad Hosts 1,100+ Companies at Economy of Future International Fair

Baghdad is proving its economic resurgence as it hosts the 49th Baghdad International Fair, drawing more than 1,100 local, Arab, and international companies from...

Dollar Declines Iraq as Currency Dips in Baghdad and Erbil

Dollar Declines in Iraq as the US currency opened Monday trading lower in key Iraqi cities, signaling changes in local currency markets. The dollar...

UAE’s AI Vision Starts With Minds, Not Machines

The UAE is not merely competing in artificial intelligence; it is redefining it. The nation’s approach emphasizes building the largest infrastructure and investing in...

Bahrain Extends Support to Businesses Facing Bankruptcy

Manama – The Bahraini government confirmed that the ongoing Bahrain Business Support programs provide a safety net for companies and factories facing financial challenges. Authorities stressed...

UAE and Kuwait Economic Forum to Strengthen Trade and Investment

The UAE and Kuwait Economic Forum will launch next Monday as part of the “UAE and Kuwait. Brothers Forever” Week. The event runs until February 4...
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