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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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Gulf Investors Launch $2 Billion Arbitration Against Pakistan

Saudi and Kuwaiti investors have filed a $2 billion arbitration case against Pakistan over K-Electric, the country’s largest private power utility. The dispute escalates...

QIA Strengthens Partnership With Goldman Sachs

Qatar Investment Authority (QIA) and Goldman Sachs have expanded their strategic partnership, marking a major step for Doha’s financial sector. Consequently, the agreement involves...

Kurdistan Oil Budget Pressures Mount as Baghdad Payments Lag

The Kurdistan Region of Iraq faces mounting fiscal pressure as Baghdad continues to delay budget transfers. The Kurdistan Budget shortfall is threatening salaries, debt...

Gold Prices Surge in Baghdad and Erbil

Gold prices surge across Iraq as Baghdad and Erbil markets recorded strong gains on Monday. The rise follows global economic developments and high investor...

Oman Benefits from Greater Arab Free Trade Area

Oman continues to strengthen its economic ties through the Arab free trade framework. The Greater Arab Free Trade Area (GAFTA) facilitates trade among Arab...

UAE Green Bond Deal Supports Abu Dhabi Solar Financing

The UAE green bond deal has strengthened clean energy financing through a major refinancing move in Abu Dhabi. The transaction supports long-term renewable infrastructure...

Bahrain Tourism Minister Visits Farmers’ Market at Ritz-Carlton

Bahrain’s Tourism Minister, Fatima bint Jaffar Al Sairafi, recently visited the Bahrain Farmers Market at the Ritz-Carlton Hotel. The market operates annually for six...

Italy PM Meloni Visits Oman to Boost Trade Ties

Italy and Oman have taken a major step to boost economic relations through a new agreement. The Italy-Oman trade initiative aims to strengthen collaboration...

Kuwait Launches Multiple-Trip Exit Permits for Expat Workers

Kuwait has launched a new multiple-trip exit permit service for expatriate workers, marking a major step in the country’s digital overhaul. The multiple-trip exit...

Syria Saudi Economic Partnership Strengthens Trade

Syria and Saudi Arabia are working to strengthen economic ties and boost trade cooperation. Officials highlighted the key role of institutional coordination. Alaa al-Ali, chairman...

Qatar, Japan Strengthen Strategic Partnership Across Key Sectors

Qatar and Japan have reinforced their strategic partnership through the third bilateral Strategic Dialogue held in Doha. The talks highlighted opportunities to expand co-operation...

Bahrain MPs Call for Reforms on Street Vendor Rules to Support Citizens

Bahrain MPs criticised rules that prevent citizens from running mobile food trucks or selling on the street while holding a public or private job....
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