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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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China-Saudi Partnership Expands Strategic Cooperation

China pledged to be Saudi Arabia’s most trustworthy partner in national development during a high-level meeting on December 15, 2025. The China-Saudi partnership will...

China Strengthens Energy Cooperation with UAE and Middle East

China is stepping up its energy cooperation with the Middle East. Chinese Foreign Minister Wang Yi visited the region to discuss strategies with regional...

Oman Strengthens Global Agreements With Three Royal Decrees

Oman issued three Royal Decrees that strengthen economic, diplomatic, and workforce cooperation with key international partners. These decisions reflect Oman's economic agreements and support...

Saudi Smart Grid Conference 2025 Drives Energy Innovation

Saudi Arabia is hosting the Smart Grid Conference 2025, a major event promoting energy innovation and sustainability. The conference runs from December 15 to...

Gold Prices Rise in Baghdad and Erbil

Gold prices continued their upward trend in Baghdad and Erbil this weekend, reflecting growing market demand. Investors and traders are closely watching the market,...

Iraq Wins $120 Million Legal Battle

Baghdad — Iraq achieved a major legal victory on Sunday, saving the government approximately $120 million. This legal victory comes after years of litigation...

Al Waha Motors Launches MHero Showroom in Qatar

Al Waha Motors has officially opened a new MHero Showroom on Al Salwa Road in Doha, Qatar. The MHero Showroom highlights the company’s growing...

Boeing 777 Fleet Drives Emirates and Qatar Airways Global Expansion

Emirates and Qatar Airways continue to rely heavily on the Boeing 777 Fleet for their global long-haul operations. The aircraft has become a backbone...

Samba Bank Launches Saudi-Pakistan Business Gateway in Islamabad

Samba Bank Limited Pakistan, has launched a new Saudi-focused business platform in Islamabad, marking a significant step in strengthening economic cooperation between Pakistan and...

Gold Prices in Iraq Hold Firm Amid Market Stability

Gold prices in Iraq remained steady on Thursday, reflecting consistent local demand and trading activity. This stability reassures both investors and consumers about current...

Qatar Supreme Council Reviews Economic Priorities

The Qatar Economic Council held its third meeting at the Amiri Diwan, reviewing national investment and economic priorities. The council, chaired by Sheikh Tamim bin...

Dubai Gold Prices Rise Amid Global Rally

Dubai gold prices edged higher on Thursday, providing shoppers with a fresh mid-December boost. The increase comes after three days of steady rates and...
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