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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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Oman Sees Drop in Trade Amid Falling Oil Exports

Oman recorded a trade surplus of RO3.088bn, marking a 34% decline from the previous year. This decline reflects challenges in merchandise exports and the...

Iraq Boosts Entrepreneurs with Rafidain Bank Funding

Iraq’s state-owned Rafidain Bank has launched the tenth phase of its “Entrepreneurship and Excellence” program. The bank is supporting 80 new projects, providing 1...

Saudi Economy Shows Strength and Resilience

Crown Prince Mohammed bin Salman opened the new session of the Shoura Council on behalf of King Salman. During his speech, he underlined the...

Industry Minister Inaugurates Black Fortune Group Outlets at Marassi Galleria, Bahrain

Abdulla bin Adel Fakhro, Minister of Industry and Commerce, inaugurated several new retail outlets of Black Fortune Group at Marassi Galleria, Bahrain. The event...

UAE Banks Raise Fees on Overseas Card Spending

UAE banks will soon raise charges on international card payments. Starting September 22, foreign transaction fees will increase to 3.14%, up from the current...

The President of Kurdistan Hosts UAE Delegation to Strengthen Investment Ties

A UAE government delegation arrived in Erbil today, Wednesday at 10:00 a.m., led by Saeed Mubarak Alhajri, Minister of State and Special Envoy for...

Saudi Industrial Production Rises in July 2025

Saudi Arabia’s industrial production index increased by 6.5% in July 2025 compared to the same month last year. Moreover, the results reflect strong growth...

UAE Trading Volumes Drive Global Growth with Capital.com

Capital.com reported that global trading volumes climbed to $1.5 trillion during the first half of the year, representing a 42.5 percent increase from the...

Saudi Arabia Migrant Workers Face Wage Theft Linked to Aramco Projects

Hundreds of migrant workers employed by Sendan International reported unpaid salaries for up to eight months. The workers, including those on Aramco project sites,...

Derasat CEO Participates in Hili Forum 2nd Edition

Abdulla Mohamed Alahmed, CEO of Derasat, participated in the 2nd edition of the Hili Forum in Abu Dhabi. The event took place on September...

UAE Banking Sector Surges in Lending and Profitability

The UAE banking sector outperformed its GCC peers, achieving strong revenue and lending growth. Moreover, analysts highlighted disciplined management, operational efficiency, and diversified income...

Saudi Arabia’s GDP Rises on Non-Oil Sector Growth

Saudi Arabia GDP increased 3.9 percent in the second quarter, driven mainly by robust non-oil sector performance. This growth continues the Kingdom’s expansion streak...
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