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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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Lebanon and Qatar Strengthen Cooperation in High-Level Meeting

Former Prime Minister Najib Mikati held a high-level meeting with Qatar’s Ambassador to Lebanon, Sheikh Saud bin Abdulrahman Al Thani, to discuss Lebanon-Qatar cooperation....

Saudi Financial Collaboration Strengthened by State Street Albilad Partnership

State Street and Albilad Capital have signed a strategic agreement to strengthen Saudi financial collaboration and advance investment services across the Kingdom. Consequently, the...

Mongolia Kuwait Partnership Strengthens Bilateral Ties

Mongolia Kuwait partnership took a significant step forward as both countries discussed a roadmap to strengthen bilateral ties. The talks focused on formalizing agreements...

Bahrain Tourism China Gains Momentum with Strategic Initiatives

Bahrain tourism China is gaining momentum as the kingdom targets one of its most promising outbound markets. The initiative aims to diversify Bahrain’s tourism...

Qatar Telecom Infrastructure Upgraded with New Regulations

Qatar telecom infrastructure is set to improve with new regulations released by the Communications Regulatory Authority (CRA). These updates aim to strengthen safety, streamline...

Dubai Personalized Number Plate Marketplace Rises with PlatePros

PlatePros marketplace has emerged as a growing business in Dubai, reflecting how personal interests can evolve into viable ventures. The story behind its creation...

Bahrain Job Opportunities Expand Through Sportnaa Initiative

Bahrain job opportunities have grown as Sportnaa announced 14 new vacancies exclusively for citizens on the National Employment Platform. This initiative aims to provide...

UAE Strengthens Labour Law Compliance with Business Centre Suspensions

UAE business centres will face strict penalties, including suspensions of up to two years, for violations of labour laws. The Ministry of Human Resources...

Oman Digital Economy Set for Major Growth

Oman digital economy is rapidly expanding, targeting a 10 percent share of GDP by 2040. Moreover, authorities expect the sector to reach three percent...

Saudi Oil Power Faces Economic Strain and Strategic Shifts in US Ties

Saudi oil power is showing signs of strain, raising questions about its longstanding ties with the United States. The kingdom now faces financial pressure...

Bullion Prices Drop in Dubai Amid Global Market Correction

Dubai witnessed a decline in gold prices on Wednesday as bullion faced a global correction. The recent record-breaking rally prompted investors to reassess positions...

Spending Falls in Kuwait for First Time in Four Years

Spending in Kuwait fell for the first time in four years, highlighting shifting consumer behavior and emerging economic pressures. Data from the Central Bank...
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