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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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Bahrain Banks Warn Against Halving Minimum Credit Card Payments to 2.5% Ahead of Parliament Debate

The Bahrain Association of Banks warned that a parliamentary proposal to cut the minimum monthly credit card repayment from 5% to 2.5% could leave borrowers in debt for longer and raise their total interest costs.

ADGM Registration Authority Fines MCA Auditors and Its Audit Principal $88,000 Over Audit Failures

The Registration Authority of Abu Dhabi Global Market fined MCA Auditors and Advisors LLP and its audit principal a combined $88,000 after an inspection found deficiencies in an audit of an ADGM-registered company.

Masdar Prices $600 Million Five-Year Blue Bond at 115 Basis Points Over Treasuries

Abu Dhabi Future Energy Company, known as Masdar, has launched a $600 million five-year blue bond, with initial price talk set at around 130 basis points over US Treasuries.

National Bank of Umm Al Qaiwain Nine-Month Profit Falls 18.7% to AED378 Million as Bad Loan Ratio Drops to 0.4%

National Bank of Umm Al Qaiwain reported a profit after tax of AED378 million for the first nine months of 2026, down 18.7% from AED465 million a year earlier.

RAKBANK Nine-Month Profit Rises 21.3% to AED2.52 Billion, Helped by AED473 Million Gain on Merchant Acquiring Sale

The National Bank of Ras Al Khaimah's nine-month profit after tax rose 21.3% to AED2.52 billion, including a AED473 million gain on the sale of its merchant acquiring business.

Arada Raises $400 Million From Five-Year Sukuk at 8.875% in First UAE Developer Debt Sale Since War Began

Sharjah developer Arada Developments raised $400 million from a five-year US dollar sukuk with an 8.875% coupon, after orders topped $650 million.

One in Five UAE Affluent Investors Is Backing a New Business, HSBC Survey Shows

About 21% of affluent and high-net-worth investors in the UAE are launching, acquiring or investing in a new business, against 17% globally, HSBC research shows.

UAE Accounted for About 61% of Gulf Sustainable Debt Issuance in First Nine Months of 2026, Fitch Says

The UAE accounted for about 61% of sustainable debt issuance across the Gulf in all currencies in the first nine months of 2026, according to Bashar Al Natoor, global head of Islamic finance at Fitch Ratings.

Bank of Sharjah Nine-Month Net Profit Rises 28.5% to AED558 Million as Net Interest Income Jumps 39.5%

Bank of Sharjah posted net profit of AED558 million for the nine months to September 30, 2026, up 28.5% from a year earlier, as net interest income rose 39.5% to AED717 million.

Ziina Wins UAE Central Bank Retail Payments License, Adding Merchant Acquiring to Its Digital Wallet

Dubai-based fintech Ziina said it has received a Retail Payment Services Category III license from the Central Bank of the UAE, allowing it to offer merchant acquiring, payment aggregation and domestic fund transfers.

Bybit Wins Dubai VARA License for Spot Trading, Seeks Approval to Add Derivatives

Cryptocurrency exchange Bybit said its Dubai unit has received a license from the Virtual Assets Regulatory Authority covering spot trading, and that it hopes to add derivatives later.

Lesha Bank Nine-Month Profit Rises 50.2% to QR210.4 Million as Assets Under Management Double

Qatar's Lesha Bank said on Thursday its net profit for the first nine months of 2026 rose 50.2% to QR210.4 million.
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