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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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UAE-EU Trade Talks Aim to Boost Economic Cooperation Through New Partnership Deal

UAE-EU trade talks took center stage as leaders from both sides met in Dubai this week. They discussed plans for a Comprehensive Economic Partnership...

Commercial Bank SME Award Boosts Digital Banking Leadership

Commercial Bank SME award in Doha, Qatar, has earned top honors for its support of small and medium-sized businesses. The bank proudly won the showing...

Malaysia and Qatar Bilateral Ties Advance Through High-Level Meeting at ASEAN GCC Summit

Malaysia and Qatar bilateral ties took a major step forward as Prime Minister Anwar Ibrahim met Qatar’s Emir Sheikh Tamim bin Hamad Al Thani...

Non-oil exports in Saudi Arabia jump 13.4%

Nonoil exports in Saudi Arabia rose sharply in the first quarter of the year. The General Authority for Statistics (GASTAT) revealed a 13.4% increase...

Bahrain Government Bond Issue Opens for Subscription

Bahrain Bourse has officially opened public subscription for the new Bahrain Government Bond Issue. This offering marks the 40th bond issue managed by the...

Gulf Bank and Warba Bank Merger Talks Begin

Gulf Bank and Warba Bank have started initial steps toward a possible merger. This major move could reshape Kuwait’s banking sector. Both banks announced...

QNB Launches Visa Installment Solution in Qatar

QNB has introduced the Visa Installment Solution, becoming the first issuing bank in Qatar to activate this feature. The Visa Solution allows QNB...

Kuwait Non-Kuwaiti Marriages Drop Sharply

Kuwait non-Kuwaiti marriages are falling fast. New official data shows a sharp 27% decline early this year. Only 239 such marriages happened during the...

Kuwait Non-Oil Revenue to Gain KD500M From Service Fee Hikes

Kuwait non-oil revenue is expected to rise sharply. The government aims to collect nearly KD 500 million ($1.6 billion) annually. This will result in...

QNB Banking Excellence Wins Five Euromoney Awards

QNB banking excellence stood out once again by securing five prestigious awards at the Euromoney Awards for Excellence 2025. Notably, these honors confirm QNB’s...

ASMED Pushes for Better Banking Services for SMEs in Oman

Oman’s Authority for Small and Medium Enterprises Development (ASMED) held a key dialogue session in Muscat. The goal was simple: improve banking services for...

UAE Corporate Tax Filing Errors May Trigger Audits and Fines

UAE corporate tax filing is no longer optional. Businesses across the UAE are rushing to prepare financial statements before the fast-approaching deadline. However, filing...
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