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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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Trade Agreements: UK Secures £6.4 Billion in Saudi Deals

Britain secured £6.4 billion in trade agreements with Saudi Arabia after Finance Minister Rachel Reeves visited Riyadh to strengthen economic ties with Gulf nations....

Transactions in Qatar Strengthened During Cybersecurity Awareness Month

October marks Cybersecurity Awareness Month, emphasizing Qatar’s Vision 2030 goal to create a secure and trusted digital ecosystem. As the nation accelerates toward a...

Qatar Deputy PM Inaugurates BMC Defence Factory in Turkiye

Qatar’s Deputy Prime Minister and Minister of State for Defence Affairs, Sheikh Saud bin Abdulrahman bin Hassan al-Thani, attended the inauguration of the BMC...

Lottery Winner Finds Fame and Fulfillment After Life-Changing Win in UAE

Lottery winner Saud Afzal’s story continues to inspire after his Dh100,000 victory with The UAE Lottery. His emotional reaction went viral, and now his success...

QICCA Explores Future of Commercial Mediation in Qatar

The Qatar International Centre for Conciliation and Arbitration (QICCA) hosted a seminar on “The Future of Mediation in the Settlement of Commercial Disputes in...

Russia Tax Service Intensifies Scrutiny on Russian Nationals’ UAE Bank Accounts

The Russian Federal Tax Service (FTS) has intensified scrutiny of Russian nationals holding bank accounts in the UAE. This step follows the effective implementation...

China Secured 8 More Gold Medals at Asian Youth Games, Extending Lead on Medal Table

China won eight more gold medals at the Asian Youth Games on Monday, strengthening its lead at the competition. The men’s 3x3 basketball team...

Iraq Secures $49 Million Legal Victory in Paris Court Against Gulf Falcon Company

Iraq has secured a major legal victory in Paris, winning a $49 million lawsuit against a foreign company. This outcome prevents the Iraqi government...

Dollar Prices Drop in Baghdad and Erbil Amid Market Adjustments

On Monday, the US dollar fell against the Iraqi dinar in Baghdad and Erbil, reflecting minor adjustments in local currency trading. Consequently, traders reported...

Italy’s Deputy Minister Rixi to Visit India and Qatar for IMEC Corridor Talks

The Deputy Minister of Italy for Infrastructure and Transport, Edoardo Rixi, will visit India and Qatar from October 27 to 31. He will hold...

UAE Gold Prices Drop Below Dh500 Amid Global Market Optimism

UAE gold prices fell further on Monday as global rates dropped, pushing 24-karat gold below the Dh500 mark. In Dubai, 24-karat gold traded at...

UAE EV Insurance Premiums Remain Higher Despite Market Stability

Electric vehicle insurance premiums in the UAE EV are 20 to 35 per cent higher than those for conventional cars, even though overall car...
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