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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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Sharjah Airport in UAE Prepares for Summer Surge with Over 800000 Passengers Expected

Sharjah Airport is preparing to handle a significant increase in travelers during the summer months. The airport expects to welcome more than 800,000 passengers...

Gold Prices Dip in Baghdad Markets Amid Fluctuations

Gold prices in Baghdad experienced a slight decline on Saturday, reflecting ongoing market fluctuations. According to a recent survey, Baghdad’s wholesale markets along Al-Nahr...

Dubai Gold Price Drops to Lowest Level Since May 30

Dubai gold price drops to lowest level since May 30, giving much-needed relief to shoppers in the UAE this weekend. Consumers are now enjoying...

Iraq Loses $250,000 Daily from Airspace Closure Amid Regional Tensions

Iraq loses $250,000 daily from airspace closure, a financial blow caused by rising tensions in the Middle East. This loss followed the decision to...

UAE and Belarus Expand Economic and Development Cooperation Through High-Level Talks

Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi, met President Alexander Lukashenko in Minsk. They discussed ways to strengthen Abu Dhabi and...

Kiswa of the Kaaba Replaced in Saudi Arabia to Begin Islamic Year 1447

Saudi Arabia began the Islamic year 1447 AH with the ceremonial replacement of the Kiswa of the Kaaba in Makkah. Meanwhile, the General Presidency...

Saudi Arabia’s Non-Oil Exports Surge by 24.6% Despite Trade Surplus Decline

Saudi Arabia’s non-oil exports surge by 24.6%, showing solid progress in its economic diversification efforts. However, the Kingdom’s overall trade surplus dropped sharply during...

Kuwait Resumes Charity Funding with Strong Governance to Boost Financial Transparency

Kuwait resumes charity funding with new governance measures aimed at increasing financial transparency. The government committee recently approved restarting donations and funding for charitable...

Iraq Leads World Bank Recovery Plan with $930M Rail Investment

The World Bank has launched a major effort to support regional recovery and reconstruction in the Middle East. This week, it approved over $1...

Arab Bank Expansion Plans Strengthen Presence in Iraq with New CEO Appointment

Arab Bank Iraq expansion plans received a major boost with the appointment of Basil Al Dhahi as CEO. This move reflects a firm commitment...

Oman Introduces Personal Income Tax to Boost Economy

Oman has taken a historic step by introducing Oman's personal income tax. Starting in 2028, the country will enforce this income tax reform as...

Iraq Pushes to Restart Oil Exports via Ceyhan Pipeline

Iraq pushes to restart oil exports through the Turkey-based Ceyhan port, highlighting the urgency of resuming halted crude flows. The Foreign Minister of Iraq...
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