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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 AI Travel Trends Transform How Residents Plan and Book Trips

AI is reshaping how UAE residents plan and book trips, highlighting a major shift in the tourism industry. Recent studies show that more than...

Oman Strengthens Financial Innovation with BankDhofar Partnership

BankDhofar has partnered with the Social Protection Fund to advance digital banking in Oman. This collaboration introduces innovative solutions that improve efficiency, security, and...

Iraq Financial Revenues Surpass 72 Trillion Dinars in Seven Months

Iraq financial revenues climbed to more than 72.35 trillion dinars between January and July 2025, according to official data. The Ministry of Finance announced...

Service Charge Responsibility Clarified for UAE Property Buyers

The Dubai Rental Disputes Center (RDC) recently clarified service charge responsibility for UAE property buyers. Under the new ruling, buyers must pay service fees...

Digital Authentication Update Strengthens Emirates NBD Security

Emirates NBD announced a digital authentication update, shifting from SMS one-time passwords to push notifications through its ENBD X app. The change starts on...

Digital Payments Strategy Strengthens Dubai Tourism Experience

Emirates and flydubai have joined Dubai’s Department of Finance (DOF) to advance the city’s digital payments strategy, focusing on international tourists. As a result,...

Treasury Bills Issue Oversubscribed in Bahrain, Reflecting Strong Investor Demand

The latest treasury bills issue in Bahrain has been oversubscribed, reflecting strong investor confidence in the Kingdom’s financial instruments. The government issued BD 70 million in...

Dollar Exchange Rate Drops Across Iraqi Markets

In Baghdad, the dollar exchange rate dropped at the Al-Kifah and Al-Harithiya stock exchanges. It reached 1,415.5 dinars compared to 1,416.5 dinars recorded earlier in the...

Saudi Vision 2030 Progress Reviewed as Council Examines Economic Reports

Vision 2030 progress took center stage as the Council of Economic and Development Affairs met to review a wide set of economic and strategic...

Rafidain Bank Digital Expansion Connects 81 Branches to Core System

Rafidain Bank’s digital growth advanced significantly as the institution announced the integration of 81 branches into a core banking system. The bank confirmed that two...

Audi Capital MENA Art Fund Drives Cultural Investment Growth

Audi Capital Fund officially launched in Riyadh, introducing a first-of-its-kind investment vehicle for Saudi Arabia’s cultural economy. Consequently, the fund aims to position art...

Kuwait Airways Restructuring Strengthens Airline Financial Position and Growth

Kuwait Airways restructuring gained major approval after shareholders voted to erase $983 million in accumulated losses. The airline takes this step to restore financial...
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