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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 Expands Digital Payments to Boost Financial Inclusion

Iraq continues to modernize its financial sector with a strong push for digital transformation. The government and private sector now prioritize digital payments in Iraq to...

Government Treasury Bills Oversubscribed by 199 Percent in Bahrain

The latest issue of Bahrain government treasury bills, worth BD 70 million, has attracted strong demand. Investors oversubscribed the bills by 199%, showing high...

Oman’s Economic Future Strengthened by Credit Facility

Sohar International and Al Mouj Muscat signed a major Oman credit facility deal worth OMR63 million. This agreement marks a big step forward for...

Saudi Arabia Retail Growth Pushes Riyadh Mall Rents Higher

Saudi Arabia retail growth continues to accelerate, especially in Riyadh. Rising demand pushes mall rents up by 4 percent in just one year. Riyadh holds...

Muscat Pest Control Training Boosts Public Health Standards

Muscat Municipality partnered with the World Health Organization (WHO) to run a specialised pest control training programme. The training aimed to build national expertise...

UAE Corporate Tax System Grows but Stays Clear

The UAE corporate tax system continues to expand while staying simple, direct, and business-friendly. The tax law had only 60 pages. It was easy...

Qatar Shura Council Session Supports ASEAN Ties and Disability Progress

The Qatar Shura Council session met at Tamim bin Hamad Hall under the leadership of Speaker Hassan bin Abdullah Al Ghanim. At the start, the...

Al Salam Bank Launches Ayadi ATMs in Bahrain Malls Ahead of Eid

Al Salam Bank launches Ayadi ATMs across major malls in Bahrain just in time for Eid Al Adha. This move directly answers customers’ requests...

Al Baraka Islamic Bank Launches Home Baggage Collection Service

Al Baraka Islamic Bank launches home baggage collection service to improve the travel experience for World Elite Mastercard holders. This new service allows customers...

Kuwait Outdoor Work Ban Starts to Protect Workers from Summer Heat Risks

The Kuwait midday outdoor work ban started on Sunday to shield workers from extreme summer heat. Furthermore, this ban runs daily between 11 am...

Qatar Fuel Prices for June 2025 Petrol Steady, Diesel Drops

Qatar Energy released Qatar fuel prices for June 2025 on Saturday, May 31. These new rates reflect minor changes and align with international market...

BDB Launches Leadership Programme to Boost SME Support

Bahrain Development Bank (BDB) has introduced the third edition of its BDB leadership programme. This move continues BDB’s commitment to develop strong leaders and support...
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