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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 Crypto Tax Framework Boosts Global Transparency

UAE crypto tax cooperation advanced as the Ministry of Finance confirmed a new global reporting agreement on Saturday in Dubai. The country signed the...

Dubai Chamber of Digital Economy Hosts 86 Business Meetings at Seoul Startup Festival

The Dubai Chamber of Digital Economy successfully arranged 86 bilateral business meetings during its participation in the ‘Try Everything 2025’ startup festival. The event...

Qatar and Latvia Forge Stronger Trade and Investment Ties

Qatar’s business leaders recently met with the Non-Resident Ambassador of Latvia to the State of Qatar, Dana Goldfinča, to discuss ways to enhance Qatar-Latvia...

Bahrain Interest Rate Cut Supports Financial Stability

Bahrain interest rate has been reduced by the Central Bank of Bahrain to support liquidity and economic stability. Officials announced the move in Manama...

Saudi Debt Deal Raises $3 Billion

Saudi Aramco successfully raised $3 billion through a strategic debt issuance, attracting strong interest from global investors. The two-tranche offering, listed on the London...

Saudi Private Aviation Expands With Vision 2030

Saudi private aviation is gaining momentum as the Kingdom opens its skies to foreign competition. Industry experts say liberalised domestic routes are encouraging operators...

Kuwait Retail Shifts as Carrefour Exits and HyperMax Rises

Carrefour officially left Kuwait after shutting down all its outlets, marking the end of its two-decade presence in the country’s retail sector. This marks...

Saudi Arabia and New Zealand Boost Trade with $100 Million Deals

The Trade between Saudi Arabia and New Zealand has strengthened with $100 million in new commercial deals. These agreements immediately highlight both countries’ commitment...

Tamara Financing Deal Secures $2.4 Billion To Boost Growth

Tamara financing deal has marked a major milestone for Saudi Arabia’s leading buy-now-pay-later platform. The company announced an asset-backed financing facility worth up to...

Qatar SME Banking Goes Digital with New Onboarding Platform

Qatar SME onboarding has entered a new phase as QNB launches a fully digital platform for small and medium enterprises. Business owners can now...

UAE Mortgages Set to Get Cheaper

UAE homebuyers are set to benefit from lower mortgage costs as interest rates drop following a Federal Reserve rate cut. Because the dirham links...

Wealth Centre in Dubai HSBC Opens Flagship For Affluent Clients

HSBC has launched its first wealth centre in Dubai, marking a significant expansion of its services for affluent clients in the Middle East. The new...
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