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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 Bank Honors Long-Term Employees for 25 Years of Service

QIIB employee recognition in Qatar recently celebrated a special group of employees who completed 25 years of continuous service. The bank organized a ceremony...

Saudi Arabia Launches New Financial Tool to Boost Global Access

Saudi Arabia introduced a groundbreaking step in its financial sector by unveiling Saudi Depositary Receipt (SDRs). This move allows investors within the Kingdom to...

Kuwait’s Financial Cooperation Strengthens with India and Iraq Agreements

The Kuwait financial cooperation is taking decisive steps to grow its influence in global security. The country signed agreements with India and Iraq to...

Qatar QNB Net Profit Rises to QR8.4bn with Strong H1 Growth

Qatar’s QNB Group reported a solid increase in net profit for the first half of 2025, reaching QR8.4 billion. This reflects a 3% rise...

Qatar SME Support Strengthens with New Bank Agreement

Qatar SME support is growing stronger as two major institutions join forces to help local businesses. Commercial Bank, known for its digital banking leadership,...

Iraq Solar Energy Loans Support Clean Energy Shift

Rasheed Bank has launched Iraq solar energy loans to support families and businesses in adopting renewable energy systems nationwide. This initiative aligns with Iraq’s...

Saudi Arabia Launches Saudi Depositary Receipts for Global Shares

Saudi Arabia has taken a major step to strengthen its financial markets. The Saudi Exchange has introduced Saudi depositary receipts for the first time....

Bahrain Digital Payments Expand Through New Partnership

Bahrain digital payments continue to grow with a new collaboration between two major financial players. Beyon Money Business, part of the Beyon Group, signed...

Bahrain: Financial Innovation Hub

Bahrain cements its leadership as a financial innovation hub with a fresh batch of licences. Sixteen firms secured approval, while fifty-two applications advance through...

Oman Treasury Bills Issuance Hits $101.4 Million Amid Strong Demand

Oman Treasury bills have reached a total issuance value of $101.4 million, reflecting robust demand from licensed commercial banks. The Ministry of Finance launched...

Kuwait launches e-visa platform to boost travel and digital transformation

Kuwait has unveiled its new e-visa platform to simplify travel and strengthen the country’s digital transformation efforts. The Kuwait e-visa provides faster entry for tourists, families,...

UAE Clarifies UAE Golden Visa Rules for Digital Currency Investors

UAE authorities have clarified the UAE golden visa rules after recent reports caused confusion among investors. Officials issued a joint statement to explain the...
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