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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.

More News

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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Cathay Pacific Proposes $6.97 Billion Share Buy-Back From Qatar Airways

Cathay Pacific Airways has called an extraordinary general meeting (EGM) for February 12, 2026, in Hong Kong. The airline aims to secure shareholder approval...

Oman Launches International Financial Centre to Drive Investment Growth

Oman has launched the International Financial Centre of Oman to attract capital inflows and grow its financial services sector. Furthermore, the initiative strengthens Muscat’s...

Qatar Positioned to Shape AI-Era Global Economy With US Backing

The United States said Qatar will play a central role in the AI-era economy, highlighting Qatar AI economy cooperation as a strategic priority. The...

UAE Gold Prices Hit New Record as Safe Haven Demand Surges

Gold prices Dubai reached record levels on Wednesday, reflecting strong safe haven demand across regional markets. The surge matters because it signals rising investor...

U.S. Tariff Threat Puts Iraq’s Economy at Risk

Iraq economy faces potential strain after U.S. President Donald Trump threatened a 25% tariff on any country trading with Iran. The move underscores Iraq’s...

UAE Labour Court Orders Wage Compensation After Employer Fails Proof

UAE unpaid wages ruling highlighted worker protection after an Abu Dhabi court ordered compensation for unpaid salaries. The case reinforces the enforcement of labour...

Erbil Cancels Syrian Products Fair Over Aleppo Violence

Erbil, Iraq – January 12, 2026 – The Erbil authorities have canceled the Syrian Products Fair, scheduled for January 26, at the Erbil International...

IRAQ US Dollar Rate Climbs Across Markets

Iraq’s US dollar rate continued rising on Sunday, signaling renewed pressure on local currency markets. Moreover, traders in Baghdad and Erbil reported higher prices...

Oman Unveils Four Major Awards with Royal Blessings

With the royal blessings of Sultan Haitham bin Tarik, Oman launched four Sultan Awards to promote excellence in culture, research, business, digital innovation, and...

Boubyan Bank Drives SME Growth in Kuwait

Kuwait’s Boubyan Bank is advancing SME banking, supporting small and medium enterprises through finance, technology, and customer-focused strategies. SME banking drives business growth, strengthens...

Iraq Gold Prices Decline Across Baghdad and Erbil Markets

Iraq Gold Prices fell on Sunday, affecting both Baghdad and Erbil markets. This decline reflects shifting demand and market fluctuations. Traders reported a slight...

Saudi Arabia Strengthens Growth With Deep Reforms, IMF Says

Saudi Growth Reforms are fueling economic diversification and private-sector development, according to the International Monetary Fund. In addition, the IMF highlighted that 2026 will...
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