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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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Network International Renews Payments Processing Agreement With Emirates Islamic

Network International has renewed its payment processing and back-office management agreement with Emirates Islamic, the payments company said on Thursday.

etisalat money Partners With Visa to Add Card, Phone-Number and SWIFT Transfers to UAE Remittance App

etisalat money, the fintech arm of etisalat, has partnered with Visa to expand international money transfers for consumers and businesses in the UAE through Visa Direct.

ADCB Nine-Month Net Profit Rises 27% to AED10.3 Billion as Loans Grow 18%

Abu Dhabi Commercial Bank reported net profit after tax of AED10.296 billion for the first nine months of 2026, up 27% from a year earlier.

Robinhood Gets Dubai Regulator’s Approval, Makes DIFC Its Middle East Base Ahead of 2027 Launch

US trading platform Robinhood has won approval from the Dubai Financial Services Authority and will run its Middle East business from the Dubai International Financial Centre.

QNB Raises QR750 Million From Japanese Investors in Largest Riyal-Denominated Shogun Bond

QNB Group has completed its second Qatari riyal-denominated Shogun bond, raising QR750 million from Japanese investors in a three-year deal.

DEWA Signs Deal With Emirates NBD to Use Virtual IBANs for Customer Payments

Dubai Electricity and Water Authority has signed a memorandum of understanding with Emirates NBD to use virtual account IBANs to automate how it identifies and reconciles payments.

GFH Exits Saber Power Investments With About $173.5 Million Returned to Investors, More Than Three Times Capital

Bahrain's GFH Bank has exited its Saber Power Investments offering, delivering cumulative net cash distributions of about $173.5 million and a combined net return of more than three times the money invested, the bank said.

Arab National Bank Third-Quarter Profit Rises 1.6% to SR1.35 Billion as Provisions Climb

Arab National Bank's third-quarter net profit rose 1.6% to SR1.35 billion, as higher commission income outweighed a jump in credit loss provisions.

Private Equity Firm Advent Opens Abu Dhabi Office in ADGM, Its 18th Worldwide

Advent, a global private equity firm with more than $109 billion in assets under management, has opened an office in Abu Dhabi Global Market to work more closely with Middle East investors.

Boubyan Bank and Mastercard Sign Agreement to Support Fintech Companies in Kuwait

Boubyan Bank and Mastercard have signed an agreement to support fintech companies in Kuwait, the bank said on Wednesday.

QNB and Qatar Financial Centre Sign Pact to Speed Up Bank Accounts for QFC Firms and Explore Capital Markets Work

The Qatar Financial Centre will refer newly licensed firms to QNB for corporate account opening, and the two will study cooperation on medium-term note programs, tokenization and financing platforms.

Commercial Bank of Dubai Nine-Month Pre-Tax Profit Rises 4.1% to Record AED2.95 Billion

Commercial Bank of Dubai's net profit before tax rose 4.1% to a record AED2.95 billion in the first nine months of 2026, as loans grew 8.5% and impairment charges fell.
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