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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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Kuwait Enforces 15 Percent Global Minimum Tax

Kuwait now enforces the Kuwait global minimum tax through a smart and structured system. This tax rule comes under Law 157/2024. It directly targets...

Saudi Arabia’s non-oil growth stays strong in July

The Saudi private sector continued to grow steadily in July. Despite a slight dip in the PMI, business activity remained firm. The Purchasing Managers'...

UAE Economy to Grow 5% as Region Leads Global Growth

UAE economic growth in 2025 will reach five per cent, according to a new forecast from Standard Chartered Bank. The outlook reflects strong fundamentals,...

UAE Economy Feels the Strain as Non-Oil Growth Cools

The UAE economy continued to expand, but the pace of growth weakened notably. Although non-oil sectors remained in positive territory, momentum slowed to a...

Bahrain Treasury Bills Oversubscription Surges

The latest issue of Bahrain government debt bills attracted significant investor demand, reaching an oversubscription rate of 152%. Investors showed strong interest in the...

Oman Targets Workforce Transformation to Power Future Economy

Oman kicked off the Work Forum 2025 in Salalah with over 1,000 local and international participants. The event aims to reshape the country’s labour...

Qatar Radwa Ashour Award Honors Arabic Literature Talent

Qatar Foundation, in partnership with the University of Granada, announced the winners of the first edition of the Radwa Ashour Award for Arabic Literature....

UAE Firms Tighten Credit Strategies as Bad Debts Threaten Growth

UAE businesses are facing growing pressure from rising bad debts and uncertain payment behavior. A recent survey of business leaders shows mixed signals across...

Oman Targets Unapproved Insurance Price Hikes in Market Clampdown

Oman’s Financial Services Authority (FSA) is stepping up enforcement to protect consumers from unauthorized insurance hikes. Following recent reports of price increases, the FSA...

Iraq Dinar Exchange Rate News Gains Attention

Iraq's financial discussions reached a peak recently as readers focused on key stories about the rate of the Iraqi dinar. Many people followed developments...

Oman Al Ain Village Combines Nature and Heritage

In Oman, Al Ain Village in the Wilayat of Al Jabal Al Akhdar continues to draw visitors with both its unique beauty and deep...

Saudi Arabia Rolls Out VAT Refund to Supercharge Retail Tourism

Saudi Arabia introduced a new VAT refund program to improve the travel experience for international tourists. This VAT credit for tourists offers full reimbursement...
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