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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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Iraq Credit Fund Fuels SME Growth and Job Creation

Iraq’s new SME financing initiative is giving fresh hope to small and medium enterprises across the country. This major financial program aims to close the long-standing...

Sharjah Investment Forum 2025 Unites Global Investors

The Sharjah Investment Forum 2025 will bring global investors, entrepreneurs, and economic leaders together for two days. It will take place from October 22...

Investment Pakistan Saudi Arabia Strengthen Economic Ties

Pakistan and Saudi Arabia have agreed to boost cooperation in trade and investment during a high-level meeting of the Saudi-Pakistan Joint Business Council in...

Arab Financial Cooperation Strengthens Public Finance

The third Arab Financial Forum for the Sharjah Award for Public Finance opened in Tangier, Morocco. The event, centered on Arab financial cooperation, was...

UAE Strengthens AI Partnership with US Through Nvidia Chip Export Approval

The United States has approved the first Nvidia chip exports to the UAE. This marks a major step toward implementing their landmark artificial intelligence partnership. The...

Strong Profit Growth for Sharjah Islamic Bank

Sharjah Islamic Bank (SIB) recorded robust earnings expansion during the first nine months of 2025, posting a net profit of Dh1.1 billion. This is a 24...

UAE Payment Platform Expands $25 Billion Gateway to Africa

The Emirates digital payment platform is revolutionizing how global companies handle international transactions. Verto has officially launched its operations in the United Arab Emirates, bringing its...

Saudi PIF Green Bond Attracts €6.5 Billion in Demand

The Public Investment Fund’s eco-bond has drawn strong global investor interest, with total orders exceeding €6.5 billion. The PIF launched the euro-denominated dual-tranche green debt to...

Bahrain Economic Growth Driven by Non Oil Sector Expansion and Rising Investment

Bahrain recorded notable economic growth in the second quarter of 2025, according to the Ministry of Finance and National Economy. The latest data highlights how the...

UAE Digital Banking Growth Wio Bank Hits Dh50 Billion in Customer Deposits

Wio Bank has reached a major milestone in digital banking growth, crossing Dh50 billion in customer deposits. The achievement, reached in less than three years,...

Qatar Bank Refinancing Deal Strengthens Global Investor Confidence

The Deal of Qatar Bank marks another major milestone for QNB Group, the largest financial institution in the Middle East and Africa. The bank...

Qatar Ports Growth Boosts Trade and Economic Development

Qatar ports’ growth continues to strengthen the country’s trade and economic development. Hamad, Ruwais, and Doha ports recorded impressive results from January to September...
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