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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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Legal Systems and AI Shape Saudi Law Conference

Legal systems will dominate discussions in Riyadh on September 28-29 during the seventh Saudi Law Conference. Moreover, the event marks a significant step in...

E-Commerce Growth Drives Saudi Digital Spending

Saudi Arabia’s e-commerce growth surged dramatically in July, reaching SR29.86 billion ($7.96 billion) in spending via mada cards. This represents a 79.45 percent increase...

Burgan Bank Launches Digital Training Program for the Ministry of Interior

Burgan Bank has launched a specialized digital training program to support Kuwait’s Ministry of Interior (MoI) in advancing its digital transformation. The initiative aims...

Energy Dubai Leaders Drive Green Economy Growth

Dubai’s Supreme Council of Energy, chaired by Ahmad bin Saeed Al Maktoum, held its 90th meeting to review clean energy and sustainable development strategies....

Omani Islamic Finance Set to Top $40 Billion

Oman’s Islamic finance sector is set to exceed $40 billion, driven by regulatory reforms and rising sukuk issuance. The sector continues to experience strong...

Qatar Economic Outlook GCC Growth Set to Rise

Qatar and its Gulf Cooperation Council (GCC) peers will drive stronger growth in 2025 and 2026. Rising oil output, resilient non-oil sectors, and strong...

Iraq Recovers Funds in Dinar Forex Fraud Case

Iraq has recovered 2 billion Iraqi dinars linked to a dinar forex fraud case. The Second Karkh Investigation Court in Baghdad ordered the...

ALEC IPO Price Range Announced in Dubai

ALEC Holdings has announced the price range for its upcoming ALEC IPO, setting it at Dh1.35 to Dh1.40 per share. The offering represents a...

Gold Price Surge Hits New Records in UAE

Dubai witnessed a sharp gold price surge this month, reshaping consumer demand and investor behavior across the Emirates. The increase reflects global market trends...

Kuwait Crown Prince Meets Top American CEOs in New York

Kuwait’s Amir Representative, the Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah, met with several leading CEOs in New York on Monday. The meetings took...

China and Bahrain Relations Strengthen Amid Growing Trade and Cooperation

Bilateral cooperation between China and Bahrain has deepened, with trade exceeding $2 billion. Chinese companies actively contribute to energy, housing, telecommunications, and manufacturing projects....

Bahrain Investment Talks Advance Serbia’s Economic Cooperation

Bahrain investment leaders met with Serbian business officials to discuss expanding trade and investment cooperation. The meeting took place during the official visit of...
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