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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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UAE’s Qashio Acquires Saudi Sanad Cash to Expand Regional Fintech Footprint

Qashio, the UAE’s leading corporate spend management platform, has acquired Sanad Cash. Sanad Cash is one of Saudi Arabia’s first and most established expense...

Tamara Gains UAE Central Bank Approval for Expansion

Tamara has received full regulatory approval from the Central Bank of the United Arab Emirates, marking a major milestone in its growth. The new...

Gold Steady in Dubai After Global Market Turbulence

Gold prices opened the week stable in Dubai, signaling a cautious recovery after last week’s global market turbulence. The calm start reflects investor patience...

Iraq’s Digital Banking Revolution Transforms Finance and Expands Access

Digital banking is reshaping financial services in Iraq as technology-driven solutions make banking faster, easier, and more accessible. The Central Bank of Iraq recently...

Saudi Arabia Surpasses Cashless Target, Driving Rapid Fintech Growth

Saudi Arabia has reached a significant milestone in financial modernization, achieving a 79 percent cashless transaction rate in 2024. This exceeds the country’s 2025...

Kuwaiti Banks Drive Global Financial Influence and Investment Growth

Kuwaiti banks demonstrated the resilience and strength of the country’s financial sector at the IMF and World Bank meetings in Washington. The Kuwait Banking...

Bahrain and MonetaGo Launch Initiative to Boost SME Finance

Bahrain has partnered with Singapore-based MonetaGo to develop a trade finance registry, aiming to reduce invoice fraud and increase access to financing for small...

Iraq Banking Sector Enters a New Digital Age With CBI Initiatives

Iraq’s digital banks sector is reshaping the nation’s financial landscape as the Central Bank unveils three major initiatives. According to Saleh Mahoud, the Prime Minister’s...

Gold Prices Oman Soar to Record High Amid Global Uncertainty

Gold prices Oman surged to record highs, reflecting growing global uncertainty and investor demand for safe-haven assets. Local jewelers in Ruwi reported that 24K...

Zain Bahrain ISO 37301 Certification for Compliance Excellence

Zain Bahrain ISO certification demonstrates the company’s leadership in telecom compliance and governance. The achievement positions Zain as the first operator in the Kingdom...

Iraq Unveils New Plan to Regulate Car Imports Amid Rising Numbers

Iraq’s Ministry of Trade has launched a plan to regulate car import as the country faces an annual influx of roughly 200,000 cars. Authorities...

MENA Bond Market Hits $125.9 Billion in 2025 Led by Saudi Arabia

MENA bond activity surged to $125.9 billion in the first nine months of 2025, rising 20 percent year-on-year. This growth reflects strong investor demand,...
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