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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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Abu Dhabi Unveils New Finance Engine To Drive Jobs And Investment

Abu Dhabi launched a new finance cluster that aims to reshape the emirate’s economic landscape. The finance cluster appears in the introduction because it...

QATAR 2026 Budget Shows Higher Spending And Steady Revenues

The Qatar 2026 Budget outlines higher public spending and steady revenues, marking another step in the country’s fiscal planning. The announcement includes the key...

Retail Access Expands Worldwide Through New UAE Portfolio

Retail investors gained new global investment opportunities as eToro introduced a specialized smart portfolio focused on leading companies in the United Arab Emirates. The...

AI Aviation Future Drives Riyadh Air Vision

AI aviation future shaped a major milestone this week as Riyadh Air and IBM revealed the world’s first airline designed as a fully AI-native...

Bahrain Honors GNPR Employee for Outstanding Service

The General Directorate of Nationality and Passports (GNPR) recently recognized an employee for providing exceptional service that exceeded regular duties. This award reflects GNPR’s...

Development Finance MOMENTUM 2025 Drives Saudi Growth

Development Finance MOMENTUM 2025 opened in Riyadh under the patronage of Prince Mohammed bin Salman, emphasizing Saudi Arabia’s commitment to sustainable economic growth. Furthermore,...

US Dollar Rates Show Divergent Trends in Baghdad and Erbil

The US dollar exchange rates edged higher in Baghdad on Wednesday, while they declined slightly in Erbil. The contrasting trends reflect differing market conditions...

Bahrain and Spain Strengthen Bilateral Relations

Bahrain’s Foreign Minister, Dr. Abdul Latif bin Rashid Al Zayani, met with Spain’s Ambassador to Bahrain, Manuel Hernández Gamaio, today. The meeting focused on...

Non-Oil Growth Drives Saudi Economic Expansion

Saudi Arabia’s economy posts robust real growth of 4.8% in the third quarter of 2025. Non-Oil Growth drives led the expansion, reflecting the Kingdom’s...

Saudi Arabia Boosts GCC Industrial Growth with Customs Duty Exemptions

Saudi Arabia approved a new law to boost industrial development across GCC member states. The law exempts industrial projects from customs duties on imports...

Doha Riyadh Rail to Slash Travel Time

Qatar and Saudi Arabia launched a High-Speed Rail project to link Doha and Riyadh efficiently. As a result, travel time will drop to only...

Qatar Launches Aim Beyond to Empower Global Youth

Qatar has officially launched the Aim Beyond Project to empower youth and underserved communities worldwide. Moreover, the initiative focuses on leveraging sport to drive...
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