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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 Moves Ahead with New Basra Water Desalination Projects

Iraq has taken a major step to boost clean water supplies in Basra through new projects. The government approved several Basra water desalination projects...

UAE’s Real Estate Grows Through Mixed-Use Projects

The sector of the UAE’s real estate continues to reshape its cities through bold real estate projects. In recent years, mixed-use developments have grown...

Dubai Crypto Firms Attract Global Attention Amid Regulatory Shift

Crypto companies based in Dubai continue to attract strong global interest as digital asset companies look for new, supportive markets. Many firms now view...

Qatar’s Digital Finance Shines with QIB’s AI Success

Qatar’s digital financial ecosystem continues to strengthen its digital banking sector through major advancements. Qatar Islamic Bank (QIB) recently gained top awards for its...

Oman GDP Growth Strengthens Despite Oil Sector Decline

Growth of Omani GDP has shown steady progress in economic growth during the first quarter of this year. The country’s gross domestic product (GDP)...

Bahrain Expands Digital Finance With CBB Partnership

Bahrain's digital finance moves faster toward digital progress through a major partnership. The Central Bank of Bahrain (CBB) partnered with ARRAY Innovation, a key...

Qatar Financial Leadership Welcomes New Acting Head

Qatar financial continues to evolve with strong steps toward growth and excellence. Recently, Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of the...

Kuwait to Raise KD250 Million from Global Company Tax

Kuwait is preparing to collect nearly KD250 million each year through a newly applied global company tax. The country introduced a 15 percent minimum...

Saudi Arabia Sets 90-Day Timeline for Landlord-Tenant Regulation Review

Saudi Arabia has launched a focused plan to strengthen landlord-tenant regulation. Crown Prince Mohammed bin Salman has directed a comprehensive study to improve rental...

Oman Appoints New Oman Air Deputy CEO to Guide Major Transformation

The deputy head of Oman air has taken a major step forward in its ongoing transformation. The national airline appointed Eng. Hamood Al Alawi...

Kuwait’s Business Law Must Embrace Gender Equality

Kuwait’s Commercial Code No. 68 of 1980 continues to shape the country’s economic landscape. However, legal gender equality Articles 21 and 22 of this...

Qatar Government Bonds See High Demand from Banks

Qatar government bonds attracted strong interest from banks during the latest issuance round. The Qatar Central Bank (QCB) carried out the transaction on behalf...
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