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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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Dollar Pressure Grows as Iraq Faces Oil Revenue Risks

Iraq is witnessing renewed currency stress as Dollar Dinar Pressure increases across local exchange markets, reflecting deeper economic challenges linked to oil revenues, fiscal...

Bahrain Non-Oil Exports Reach BD317 Million in October 2025

Bahrain’s non-oil exports of national origin reached BD317 million in October 2025, showing steady growth in the Kingdom’s trade sector. Furthermore, the Information &...

Qatar Expands Himyan Card Acceptance to Kuwait

Qatar Central Bank has expanded the acceptance of the Himyan card to the State of Kuwait. This move significantly enhances digital payment services and...

Contractors Financial Dues Receive Prime Minister Attention

Prime Minister Mohammed Shia’ al-Sudani confirmed that he is actively addressing contractors' financial dues across Iraq. In particular, the announcement followed a Wednesday meeting...

Khalifa Fund Empowers Emirati Startups in Al Ain

Khalifa Fund, led by Her Excellency Mouza Obaid Al Nasri, has launched a programme to support Emirati startups in Al Ain. Consequently, Emirati startups...

Iraq Foreign Reserves Reach 108 Billion

Iraq foreign reserves rose to 108 billion dollars, signaling improved financial stability for the country. Prime Minister Mohammed Shia al-Sudani announced the increase during...

Azerbaijan Highlights Bilateral Progress with Bahrain Embassy

Azerbaijan-Bahrain relations reached a significant milestone this year with the opening of Azerbaijan’s embassy in Bahrain. President Ilham Aliyev stated that the move reflects...

Dollar Rates Slip in Baghdad and Erbil Markets

Dollar rates fell in Baghdad and Erbil on Tuesday, signaling modest adjustments in Iraq’s currency market. Consequently, traders monitored the change closely, because dollar...

Dubai’s Airship Swing Stunt Becomes Global Sensation

Dubai Airship Stunt by Skydive Dubai captured the world’s attention after Sheikh Hamdan shared the breathtaking video. The stunt featured Belgian daredevil Magali Folkner...

Oman Central Bank Bills Strengthen Short Term Liquidity

Oman’s monetary authorities moved to support financial market stability on Monday through a fresh debt issuance. The Central Bank of Oman allocated treasury bills...

Syria Iraq Meet to Strengthen Border Crossings and Cooperation

Damascus, Dec. 15, 2025 – Officials from Syria and Iraq met on Monday to enhance Syria Iraq cooperation. They focused on improving border crossings...

Gold Prices Surge Across Baghdad and Erbil

Gold prices surge in Baghdad and Erbil on Monday, reflecting increased market demand and global price movements. Traders and investors closely monitored rates as...
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