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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-US Trade Volume to Hit $1.2 Trillion in Business Expansion Drive

The Qatar-US trade volume is set to soar, reaching an estimated $1.2 trillion over the next ten years. Outgoing US ambassador Timmy Davis confirmed this projection...

Qatar banking sector shows strong asset growth and financial resilience in 2025

Qatar’s banking industry continues its upward momentum, with total assets reaching QR2.06 trillion in early 2025 — a 4.7% rise from the previous year....

Gulf Banks 2025 Rankings Spotlight Top Gulf Financial Institutions

The Gulf Banks 2025 rankings project is rapidly gaining attention throughout the Gulf Cooperation Council (GCC) region. This ambitious initiative evaluates over 60 banks...

Alfardan Exchange Qatar Partnership Boosts Customer Rewards

Alfardan Exchange Qatar partnership brings new rewards to customers across the country. This collaboration allows clients to earn Avios points when using Alfardan Exchange’s...

POS Spending Surges in Saudi Arabia Before Eid

POS spending in Saudi Arabia rose sharply before Eid, climbing 33% to SR15.5 billion. This surge in transactions reflects a strong rise in consumer...

Saudi Insurance Market Mergers to Accelerate Amid Regulatory Push

Saudi insurance market mergers to accelerate as new regulations tighten capital requirements and intensify competition. Fitch Ratings expects faster consolidation across the sector. The Saudi...

UAE Central Bank Slaps Six Exchange Firms with Hefty Fines Over AML Breaches

The UAE Central Bank has imposed substantial penalties totaling AED 12.3 million on six exchange companies for AML violations, marking its latest enforcement action against financial misconduct. This decisive...

Qatar Labour Market Reforms Highlighted by Al Marri at International Labour Conference

The State of Qatar took an active role in the General Session of the 113th International Labour Conference (ILC), which was recently held in...

UAE Gold Price May Drop to Dh360 as Shoppers Turn Investors

UAE gold price may drop to Dh360, as bullion markets show signs of softening. Shoppers in the UAE are waiting for another price dip...

Egypt and Iraq Bilateral Cooperation Strengthened in Cairo Meeting with Ambassador

Egypt and Iraq Bilateral Cooperation remains a top priority, as Prime Minister Moustafa Madbouly welcomed Iraq’s Ambassador Qahtan Taha Khalaf Al-Janabi in Cairo for key...

Qatar and Bahrain Transportation Talks Focus on Improving Mobility and Infrastructure

Qatar-Bahrain transportation talks are paving the way for stronger collaboration between both countries. Ministers from Qatar and Bahrain met in Manama to discuss key mobility-related...

Oman and Bahrain Economic Ties Strengthened During High-Level Trade Meeting

Oman and Bahrain are boosting their economic ties after a recent high-level meeting in Muscat. The session focused on promoting mutual trade growth and fostering business...
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