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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’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.

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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Saudi Spending to Continue in 2026 Budget Plans

Saudi Arabia will continue its expansionary Saudi spending in 2026, Finance Minister Mohammed Al-Jadaan announced at a Riyadh press conference. Consequently, the government aims...

USD IQD Rates Ease Slightly in Iraq, Offering Short-Term Relief for Importers

USD IQD Rates in Iraq eased on Wednesday, reflecting a mild correction after several days of upward momentum. The movement signals slight relief for...

Qatar Reduces Sainsbury’s Stake, Ending Nearly Two-Decade Top Shareholder Role

Qatar’s sovereign wealth fund is reducing its Qatar Sainsbury’s, ending nearly two decades as the supermarket’s top shareholder. The fund plans a secondary offering...

Regional Economic Alignment Drives Oman–Saudi Trade

Oman and Saudi Arabia reinforced their collaboration during the latest Coordination Committee meeting in Riyadh, focusing on regional economic alignment. The session evaluated completed...

Gold Prices Drop In Dubai Amid Market Shifts

Gold Prices Drop this week in Dubai, surprising both jewellery buyers and investors who expected steady rates. Analysts say the dip reflects currency fluctuations,...

Bahraini Women’s Progress Drives Economic Growth and Leadership

Bahraini Women Progress took center stage as Rana Ebrahim Faqihi, CEO of the National Bureau of Revenue (NBR), praised their role in advancing the...

Dubai Gold Surge Drives Strong Holiday Buying Ahead of National Day Celebrations

Dubai Gold Surge shaped trading momentum on December 1 as Dubai’s gold market recorded strong gains ahead of the National Day break. The increase...

Iraq Gold Prices Remain Stable in Baghdad and Erbil Markets

Iraq Gold Prices remained stable in local markets on Sunday, November 30, 2025, reflecting steady demand and cautious trading. In Baghdad, a survey by Shafaq...

Oman A320 Updates Completed Across Fleet

Oman A320 software updates have now been successfully applied to all commercial aircraft, ensuring higher safety and regulatory compliance. Airlines across the country worked...

Financial Security Strengthens as Saudi Arabia and Kuwait Boost Cooperation

Saudi Arabia and Kuwait have strengthened efforts to boost financial security through a new agreement. Consequently, collaboration against money laundering and terrorism financing has...

Payment Flexibility: UAE Enables Instalments for Government Fees

The UAE expanded payment flexibility as the Ministry of Finance introduced a new instalment option for federal fees and fines. This step offers a...

Saudi Market Expands Investment Products

Saudi market will launch a new generation of investment products, focusing on debt, derivatives, and data. The move aims to strengthen liquidity, support capital...