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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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Qatar Digital Payments Surge to QR16.1bn, Driving Financial Growth

Qatar’s financial system recorded strong momentum in digital transactions, reaching QR16.1bn in processed payments. The latest figures highlight the nation’s growing reliance on digital...

Saudi Capital Restructuring Puts Petro Rabigh on Recovery Path

Saudi capital restructuring is reshaping Petro Rabigh as the company pursues financial recovery. The refining and petrochemical giant announced a bold plan to stabilize...

UAE Corporate Tax Wins OECD Approval to Boost Investor Confidence

The UAE strengthened its global tax standing with new recognition from the Organisation for Economic Co-operation and Development. The OECD granted the country’s Domestic...

Oman Debt Decline Signals Stronger Investment Outlook

Oman's public debt fell to RO 14.1 billion by the second quarter, reflecting progress in financial management and debt reduction strategies. This improvement highlights...

Iraq Banking Sector Secures Major U.S. Compliance Partnership

Iraq has taken a decisive step to reinforce its banking sector through a new professional agreement with U.S.-based consultancy K2 Integrity. The signing took...

Qatar Aviation Fuels Economic Growth with Rising Tourism Demand

Qatar aviation industry continues to expand with remarkable strength, fueled by the performance of Qatar Airways and increasing regional travel demand. The airline’s rapid...

Qatar Beema Partnership with PayLater Brings Shari’a-Compliant BNPL To Insurance

The Qatar Beema PayLater partnership brings Shari’a-compliant BNPL to insurance and, moreover, opens a new chapter in Qatar’s digital finance sector. The agreement connects...

Qatar Commodity Prices Point to Slower Growth but Steady Demand

Qatar trade prices are sending clear signals about the health of the global economy. Economists and investors closely monitor them as they act as...

Saudi Media Deal Set to Transform MENA Advertising Market

Saudi Arabia’s SMC Group has renewed its strategic partnership with beIN Media Group, securing an exclusive role in managing advertising sales across 23 MENA...

Edita Expansion Powers Bold Move into Iraq’s Booming Food Market

Edita Food Industries is rapidly pushing ahead with its plans for Iraq. Therefore, the Edita expansion strategy combines bold investments and smart partnerships to...

Qatar Data Sovereignty Rules Set to Reshape Gulf Business Strategies

Qatar is taking a sovereignty-first approach to digital governance, influencing how companies manage data and cloud services. The Qatar data sovereignty framework combines a...

UAE Tax Collections Surge to $97 Million on Record Compliance Drive

The United Arab Emirates has collected more than $97 million in taxes and fines during the first half of the year. The UAE tax...
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