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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’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.

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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Dubai Gold Rate Drops as Israel-Iran Ceasefire Begins

The Dubai gold rate drops significantly today, falling by Dh7 per gram for 22K gold. The new rate stands at Dh370.25, marking its lowest...

Gulf Airspace Reopened After Iran Strike Disrupts Regional Flights

Gulf airspace reopened after a sudden closure caused by Iran’s missile strike on a US military base in Doha. The strike led to a...

Qatar Hamad Airport Flights Resume After Airspace Reopens

Qatar Hamad Airport flights are resuming normal operations after a brief disruption caused by a temporary airspace closure on June 23, 2025. Hamad International...

Iraq Rentier Economy Risks and Reforms Demand Urgent Action

The Iraq rentier economy risks and reforms have become a major concern as the country continues to depend heavily on oil revenues. Experts warn...

Kuwait Ministry of Finance Activates Emergency Plan Amid Regional Tensions

The Kuwait Ministry of Finance has activated its emergency plan following the recent US strikes on Iranian nuclear facilities. The ministry announced this step...

BENEFIT ISO Recertification Strengthens Financial Security and Business Continuity

The BENEFIT ISO recertification marks a significant achievement for the Bahraini fintech leader. This milestone confirms the company’s dedication to maintaining high standards in...

Dukan Dam Financial Impact Deepens as Water Levels Crash

The Dukan Dam financial impact is becoming critical as reserve levels drop drastically in northern Iraq. Reservoir shrinkage forces utilities and farmers to tighten...

Iraq Aviation Losses Climb Daily as Airspace Remains Closed

The Iraq aviation losses continue rising each day as the country’s airspace stays closed amid growing Middle East tensions. Since June 13, Iraq has...

Joud Savings Account Rewards 10 Winners with Cash Prizes

QIIB continues to reward its customers through the Joud savings account, a standout product in Qatar’s banking sector. In the latest May prize draw,...

Dubai Office Sales Break Records Amid Booming Demand

Dubai office sales have broken all previous records in both volume and value this year. Investors showed strong interest in the office real estate...

Bahrain Treasury Bills Fully Subscribed at 5.28% Interest

Bahrain treasury bills saw full subscription this week, showing strong investor interest and market confidence. The Central Bank of Bahrain issued BD 100 million...

New Oil Discovery in Saudi Arabia and Kuwait Boosts Global Energy Supply

New oil discovery in Saudi Arabia and Kuwait has sparked global attention. Both countries jointly revealed a significant find in the Partitioned Zone. According...