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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 Launches Economic Integrity Drive to Tackle Hidden Trade Risks

Oman has launched a multi-agency strategy to eliminate hidden trade and protect its growing economy. A top official from the Ministry of Commerce, Industry,...

UAE Trade Boom: Non-Oil Exports Soar as Global Partnerships Pay Off

The UAE continues to post impressive gains in global trade, led by exceptional non-oil trade growth. During the first half of the year, the...

Saudi Arabia Real Estate Prices See Steady Growth

Saudi Arabia's real estate market maintained steady momentum in the second quarter. Moreover, Saudi Arabia real estate prices rose 3.2 percent year on year....

Saudi Arabia’s SABIC Suffers $1B Loss as IPO Strategy Takes Shape

Saudi Arabia’s leading chemical company, SABIC, has recorded another unexpected quarterly loss. This marks the third straight quarter of financial setbacks for the firm....

Oman Audit Bureau Highlights Regional Cooperation in GCC Meeting

Oman continues to strengthen its role in the GCC audit cooperation plan by joining a key regional meeting. The State Audit Institution (SAI) represented...

Vodafone Qatar Delivers Double-Digit Profit Surge as Telecom Growth Accelerates

Vodafone Qatar continues to show strong business performance as it reports solid financial results for the first half of the year. The company posted...

Iraq Signs Private Sector Pacts to Raise Factory Production

Iraq is taking major steps to enhance its industrial output through new public-private partnerships. Therefore, the Ministry of Industry and Minerals signed two PPP...

Saudi POS Spending Holds Strong as Education and Hotels Lead Growth

Saudi Arabia recorded strong consumer activity, with Saudi POS spending reaching $3.16 billion during the latest reporting week. Although overall activity dipped slightly, this...

Kuwait’s NBK Mobile Banking App Enhances Customer Experience

NBK has launched a fresh set of upgrades to its NBK Mobile Banking App. These improvements aim to strengthen the overall NBK Mobile Banking...

Qatar Supports Somalia Peace Efforts at OIC Meeting in Doha

Qatar continues to lead peacebuilding efforts in the region by advancing Qatar support for Somalia. At the OIC Contact Group meeting held in Doha,...

RAKBank Disrupts UAE Banking with Crypto Trading Access for Retail Clients

RAKBank has introduced a crypto trading service for retail clients, marking a major step in UAE digital finance. The bank now allows users to...

BankDhofar Expands Reach with New Al Tharmad Branch to Tap Growth in Oman

BankDhofar has opened a new branch in Al Tharmad to expand its network and serve more customers across Oman. This move supports the bank’s...
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