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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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Azerbaijan Advances Green Energy Policies at Doha Forum

Azerbaijan emphasized its green energy transition during the 23rd Doha International Forum. Deputy Foreign Minister Fariz Rzayev highlighted the country’s climate leadership and progress...

Circle Expansion UAE Strengthens Crypto Leadership

Circle Expansion UAE continues to reshape the region’s digital asset ecosystem as the company strengthens its presence across Abu Dhabi and Dubai. The move...

Oman Extends Energy Licensing Deadline to June 2026

Oman Energy Licensing now has a grace period until June 2026 for professionals in the energy and minerals sector. This extension gives workers and...

Rafidain Bank Abu Dhabi Branch Faces Closure Over Irregularities

Rafidain Bank is under scrutiny as its Abu Dhabi branch faces potential closure after administrative and financial irregularities emerged. Rafidain Bank officials and regulators...

Abu Dhabi Court Clears Man of Dh200,000 Credit Card Fraud

 A court in Abu Dhabi has cleared a man of all liability in a Dh200,000 credit card fraud case. The judges found that the...

Zain Kuwait Launches Microsoft 365 Bundles to Modernize SM

Zain Kuwait, in partnership with ZainTECH and Microsoft, has launched Microsoft 365 Bundles and Managed Services to accelerate modernization for small and medium-sized enterprises...

Taxi Services Relocated at Muscat International Airport

Muscat International Airport has relocated Taxi Services Muscat to Level 0 starting December 7, 2025. Passengers can now follow updated signs to reach the...

Riyadh Hosts Global Cybersecurity Summit at Black Hat MEA

The Cybersecurity Summit in Riyadh attracted thousands of experts, CISOs, and founders, who gathered to address the evolving cyber threat landscape. The event emphasized...

Diyala Contractors Face $350M Payment Delays Amid Iraq Budget Hold-Up

Contractors in Diyala province, eastern Iraq, face major financial challenges as government institutions owe nearly 500 billion dinars, approximately $350 million, delaying crucial projects...

Saudi Bahrain Investment Agreement Strengthens Strategic Cooperation

The Saudi Bahraini Investment Company (SBIC) and Bahrain Mumtalakat Holding Company (Mumtalakat) signed a Strategic Investment Cooperation agreement to expand investment opportunities across both...

Kuwait Non-Oil Sector Surges as $2 Billion Deposit Strengthens Ties with Egypt

Kuwait economic growth strengthened in November as non-oil output expanded and new business orders surged, according to S&P Global. The latest data highlights the...

Kuwait Non-Oil Sector Shows Strong November Growth

Kuwait reported a solid improvement in private economic activity in November as output strengthened and new orders increased. The Kuwait non-oil sector recorded another...
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