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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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Kuwait Calls for Stronger Cyber Cooperation as Threats Escalate

Cybersecurity in Kuwait calls for stronger regional cooperation as digital threats continue to rise. Moreover, officials highlighted the importance of securing data, which they...

Insolvency Drives Qatar’s Business Reform and Investment Growth

Qatar recently hosted the Middle East and North Africa Forum on Insolvency and Restructuring Reform, emphasizing insolvency as a key driver of economic growth....

Growth Strengthens in Saudi Arabia’s Non-Oil Economy in October

Saudi Arabia’s non-oil growth surged in October, marking its second-strongest performance in over a decade. The Riyad Bank and S&P Global Purchasing Managers’ Index climbed to...

Trade Boosts OIC Cooperation and Regional Economic Growth

Qatar led efforts to strengthen cooperation among OIC member states during the 41st COMCEC session. The meeting took place in Istanbul from 1–4 November...

Dollar Prices Rise in Baghdad and Erbil

Dollar prices increased in Baghdad and Erbil on Monday, reflecting higher demand and market activity. Traders reported a noticeable rise in the US Dollar...

AI Agreement and UAE-US Energy Partnership Strengthen Innovation

AI agreement and UAE-US Energy are shaping a new era of collaboration in energy, technology, and industrial innovation. The latest agreement aims to expand...

UAE Bitcoin Mining Now Accessible to Residents via du’s Cloud Miner

Dubai — UAE residents can now join Bitcoin mining through Cloud Miner, a new cloud-based platform launched by telecom operator du. The service offers...

Gold Price Decline in Qatar This Week

The price of gold in the Qatari market experienced a notable decline this week, falling by 4.39 percent. Gold traded at USD 3,931.97 per...

Qatar Real Estate Disputes Resolution Committees Boost Investment Confidence

The Chairman of Qatar’s Real Estate Regulatory Authority, Aqarat, Eng. Khalid bin Ahmed Al Obaidli confirmed that Resolution No. 166 of 2025 strengthens the...

Bahrain Industry Minister Joins GCC Standardisation Committee Meeting in Kuwait

Bahrain Industry Minister Abdulla bin Adel Fakhro, who also serves as Chairman of the National Committee for Standards and Metrology, participated in the 10th...

Oman advances Muscat Expressway expansion to ease traffic congestion

Oman’s Ministry of Transport, Communications, and Information Technology is finalizing the awarding process for the Muscat Expressway expansion project. The much-anticipated project aims to tackle...

USD/IQD Exchange Rates Rise Slightly in Baghdad and Erbil

On Wednesday, the USD rose slightly against the Iraqi dinar in Baghdad and Erbil. The increase comes amid ongoing market fluctuations and steady demand...
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