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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’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.

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 Real Estate Sales Climb to OMR613 Million

Oman real estate sales recorded strong growth, showing clear resilience in the property market. The value of sale contracts rose by 12.4% to OMR613...

Qatar Blue Pledge Campaign Protects Marine Environment

The Qatar Blue Pledge campaign began with a mission to protect the marine environment in Qatar and globally. QNB Group launched this initiative to...

Oman Creative Industries Poised to Power Economic Growth

Oman's creative industries are becoming a major force in the country’s economic diversification strategy. These industries connect cultural heritage with innovation, supporting the ambitions...

Kuwait Visa on Arrival to Drive Tourism and Boost Gulf Economy

Kuwait has introduced a visa-on-arrival system for foreign nationals living in other Gulf Cooperation Council (GCC) countries. The Kuwait visa on arrival applies to...

Bahrain Sukuk Al Salam Oversubscribed by 135 Percent

Bahrain Sukuk Al Salam oversubscription reached an impressive 135 percent in the latest monthly issuance. The Central Bank of Bahrain (CBB) confirmed that subscriptions...

UAE Seizes 17.6 Million Illegal Goods

The UAE illegal goods crackdown intensified in the first half of the year. The Federal Tax Authority (FTA) seized more than 17.6 million items...

Oman Resident Card Validity Extended for Expats

Oman resident card validity has now been extended, giving expatriates more options for how long their identification lasts. The Royal Oman Police (ROP) introduced...

Qatar Life Skills Program Reaches Thousands of Students

Qatar Life Skills Program continues to grow, and therefore Qatar Islamic Bank (QIB) and INJAZ Qatar work closely to empower young learners. This year,...

UAE-India Flights Dh53 in Air India Express Freedom Sale

Air India Express has launched a special "freedom sale" to celebrate India's 79th Independence anniversary. Therefore, travelers can now enjoy exciting ticket prices for...

Iraq-US Trade Shift Signals New Economic Priorities

Iraq-US trade declined to $12.0 billion in 2024, marking an 8.1 percent drop from the previous year. The decrease reflects reduced goods exchange, despite...

Qatar Aluminum Profit Jumps on EV Demand and Dividend Boost

Qatar Aluminum Manufacturing Company (QAMCO) announced strong profits for the first half of the year. The company posted a net profit of QR342 million,...

Bahrain Aluminium Company Earnings Fall, Revenue Rises

Aluminium Bahrain B.S.C. (Alba), the world's largest single-site aluminium smelter, announced its financial results. Despite headwinds, the earnings of the Bahrain aluminium continue to...