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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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Bahrain Parliamentary Delegation Attends GCC Legislative Coordination Meeting

Bahrain reaffirmed its parliamentary role by participating in the GCC legislative councils’ coordination meeting. MP Ahmed Sabah Al Salloom, Chairman of the Financial and...

India Qatar FTA Talks to Conclude Soon

India moves quickly to finalise free trade agreement talks with Qatar. The agreement strengthens economic ties and boosts bilateral trade. Moreover, Commerce Minister Piyush...

Kuwait Post Summer Revival Brings Joy and Leisure for Citizens and Residents

Kuwait welcomes back travelers as the summer holiday season ends. Homes and gardens buzz with family gatherings and laughter. Moreover, diwaniyas reopen their doors...

Saudi Stock Market Slips as Tadawul Index Ends at 10,619

The Riyadh bourse ended lower as the Tadawul All Share Index slipped 48.34 points to 10,619.10. The benchmark fell 0.45 percent, signaling investor caution....

UAE Minimum Wage Could Reshape Business Costs and Worker Productivity

The UAE is considering the potential impact of a minimum wage for its lowest-paid workers. Experts say the measure could improve living standards but...

Qatar Investors See Strong Five-Year Returns

Qatar International Islamic Bank has rewarded shareholders with significant gains over the last five years. The stock’s growth clearly outpaced the wider market, which...

Iraq Banking Partnership Boosts Rafidain’s Global Compliance Drive

The Iraq banking collaboration between Rafidain Bank and U.S.-based consultancy K2 Integrity marks a turning point in financial modernization. Both institutions announced a three-year agreement focused...

Qatar Extends Tax Exemption Initiative to Drive Business Compliance

The Qatar tax exemption initiative has been extended by the General Tax Authority (GTA) until December 31. The extension comes in response to rising...

Iraq Bank Loans Surge as Credit Expansion Fuels Economic Growth

The Central Bank of Iraq reported an increase in lending activity across the banking sector. Iraq bank loans expanded as banks provided more credit...

Oman Salary Increment Rules Overhauled to Drive Private Sector Performance

The Oman Ministry of Labour introduced new regulations that reshape the way companies handle salary increases for Omani employees. The new Oman salary increment...

Saudi Sukuk Issuance Jumps to $1.42bn as Investor Demand Strengthens

Saudi Arabia’s National Debt Management Center announced it raised SR5.31 billion ($1.42 billion) through its riyal-denominated sukuk program. Moreover, this figure represented a 5.8...

UAE Banks Crack Down as Exchange Licence Revoked Over Money Laundering

The UAE Central Bank revoked the licence of Malik Exchange, an Abu Dhabi-based remittance company, after serious compliance breaches. The regulator struck the firm’s...
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