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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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Iraq Forgotten Fortune Leads Recovery of Lost Wealth

Iraq begins a determined effort to recover its long-lost wealth abroad, commonly known as the Iraq forgotten fortune. The campaign gained urgency after Somalia’s...

Bahrain Builds Safety Leaders Through Young Albawees

Aluminium Bahrain (Alba) is now building the next wave of safety heroes through its impactful Young Albawees Safety Drive. As a result of this...

UAE Banking Giant Faces Profit Dip Amid Strong Lending and Higher Taxes

Emirates NBD reported strong income growth during the first half of the year. However, its net profit still declined compared to last year. The...

Tickmill Expands in Oman to Transform Financial Services with ProTrade Deal

Tickmill has expanded its reach into Oman by partnering with ProTrade Investments. This bold step strengthens Oman’s financial services and supports growing interest in...

Saudi POS Spending Holds Strong for Fourth Week

Saudi Arabia continues to display strong economic momentum as POS spending trends remain above $3 billion for the fourth week. This consistent level suggests...

FAB’s Strong Profit Signals UAE Banking Power

UAE bank, FAB, profit soared in the second quarter as the country’s largest lender delivered strong results across all divisions. The bank reported a...

Bahrain Prepares Future Leaders in Finance

Bahrain is investing in the development of future leaders in finance to grow its Islamic banking industry. Through a focused internship, Bahrain Islamic Bank...

UAE Investor Warning on BDS Seychelles Financial Risk

To begin with, the UAE investor warning specifically targets BDS LTD.Seychelles and urges the public to avoid engaging with this unlicensed company. Furthermore, UAE...

Kuwait Financial Literacy Program Builds Youth Skills Through Banker for the Day

Gulf Bank in Kuwait, in partnership with Basta, recently launched a powerful youth initiative. The Kuwait financial literacy program, titled "Banker for the Day,"...

UAE Tax Authority Approves $871M Refunds for Emiratis Building New Homes

The UAE tax refund program has approved refunds worth $871 million for Emiratis building new homes and tourists shopping in the country. The Federal...

Iraq Central Bank Seeks New Currency Machines in Fresh Tender

The Central Bank of Iraq launched an Iraq currency machine tender to upgrade cash-handling systems in Basra and Mosul. The bank plans to acquire...

Youth Banking Benefits Empower Young Adults in Oman

Youth banking benefits are transforming how young adults in Oman manage money and build financial independence. BankDhofar’s Youth Account offers tailored solutions for customers...
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