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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 Financial Sector Boosts Growth with Top-Ranked Workplaces

The Qatar financial sector is becoming a key driver of non-hydrocarbon economic growth. It contributes around 9 percent to the nation’s non-oil GDP. This aligns with...

Saudi PIF’s Assets Surge Past SAR4.3 Trillion in 2024 Amid Strong Revenue Growth

In 2024, Saudi PIF reached over SAR4.3 trillion by year-end. This increase marks an 18% rise compared to the previous year. The Public Investment...

Bahrain Chamber Membership Secures Place in World Chambers Federation General Council

The Membership of the Bahrain Chamber marks a major milestone for the Kingdom of Bahrain on the global economic stage. The Bahrain Chamber of...

Abu Dhabi Population Growth Hits 7.5% in 2024

Abu Dhabi population growth surged by 7.5% in 2024. Consequently, the total number of residents reached 4,135,985, officials announced Monday. This rise clearly shows...

UAE Wealth Migration Draws Five Billionaires Seeking Stability

The UAE wealth migration trend is gaining momentum as five billionaires recently moved to the country. Regulatory reforms, attractive tax policies, and Golden Visas...

Gold Prices Climb in Kuwait Amid Global Rate Fears

The Gold prices in Kuwait today rose as international investors turned cautious. They are now seeking the safety of gold amid global uncertainty. Market...

UAE Expands Double Taxation Agreements

The UAE double taxation agreements reached 146 by the end of 2024, reflecting the country’s strong push toward global financial integration. These agreements prevent...

Chery Tiggo 9 Launch Ushers Innovation in Qatar

In Qatar, Elite Motors hosted the exciting introduction of the Chery Tiggo 9, showcasing the brand’s latest advancements in automotive technology. The event attracted...

Saudi Unemployment Rate Falls to Historic Low in Q1 2025

As reported by the General Authority for Statistics, the combined unemployment rate encompassing both Saudi citizens and expatriates in the Kingdom has declined to...

UAE Health Claims Push Insurance to Dh11 Billion

The UAE insurance sector growth showed strong momentum in the first quarter of 2025. Insurance claims rose 18.3% year-on-year, hitting Dh11 billion. Health insurance alone contributed...

Qatar Stock Exchange Surge Follows Iran-Israel Ceasefire

The Qatar Stock Exchange surge continued this week, with investors reacting positively to the Iran-Israel ceasefire. The main index soared 424 points, marking a 4.13% weekly...

Saudi Arabia Opens Airspace to Over 1,300 Daily Flights During Regional Crisis

Saudi Arabia opens airspace to over 1,300 daily flights during regional crisis, responding quickly to the sharp rise in transit traffic. As tensions escalated...
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