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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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Iraq Market Share Slips as Iran Struggles to Compete

Iran faces rising pressure to protect its Iraq market share. Officials warn that outdated commercial systems and weak planning threaten long-term trade growth. Experts...

Dubai Gold Market Stabilizes After Early November Swings

The Gold Market in Dubai settled into a calmer rhythm in mid-November as early volatility eased and traders reassessed global interest rate expectations. This...

Qatar Boosts Adventure Tourism with Powerful New Desert Safari Guide Training Programme

Qatar Tourism completed the first edition of its Desert Safari Guide Training Programme, and the Desert Safari Training effort aims to improve service quality...

Beyond Profit Forum Drives Global Nonprofit Innovation in Riyadh

The Beyond Profit Forum convened in Riyadh, bringing global leaders together to shape the future of the non-profit sector. Moreover, the event highlighted innovative...

Qatar-Ghana Trade Relations Reviewed

Qatar and Ghana trade relations were reviewed during a high-level meeting between officials from both countries. The discussions focused on enhancing investment and bilateral...

Omantel Fibre Network Expands High-Capacity Services

Muscat, Oman – Omantel fibre network has expanded its digital infrastructure by partnering with Ciena to launch a high-capacity Managed Optical Fibre Network (MOFN)...

Thunes FAB Partnership Launches Real-Time Cross-Border Payments

Abu Dhabi, UAE – Thunes FAB partnership will transform cross-border payments by enabling real-time mobile wallet payouts globally. The collaboration enhances the UAE’s digital...

Dollar Slips in Baghdad and Erbil

Baghdad/Erbil, Iraq – The US dollar edged lower against the Iraqi dinar on Sunday, signaling minor shifts in Iraq’s currency market. Dollar slips Iraq...

Vietnam PM Trip to Kuwait, Algeria, and South Africa

Hà Nội, Vietnam – Vietnam PM trip began on November 16 as Prime Minister Phạm Minh Chính and his spouse Lê Thị Bích Trân...

Rafidain Expands AML System to 14 New Branches

Baghdad, Iraq – Rafidain Bank, Iraq’s state-owned bank, has added 14 more branches to its anti–money laundering (AML) system. Consequently, the total now reaches...

Choosing Abu Dhabi Rent and Waterfront Lifestyle Over Cost for Families

Abu Dhabi rent continues to rise across prime waterfront communities, yet many long-term residents still choose lifestyle over cost. In this context, a salon entrepreneur...

US and Saudi Investment Relations Highlighted During Washington Summit

US and Saudi investment relations will take center stage in Washington on 19 November. Consequently, the summit coincides with Crown Prince Mohammed bin Salman’s...
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