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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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Mastercard Partners With Saudi Payments Firm Enjaz to Launch New Card Products in the Kingdom

Mastercard has agreed a collaboration with Enjaz Company, a Saudi Central Bank-licensed payments and remittance provider, to introduce a range of card products for Enjaz's individual and business customers in Saudi Arabia.

Sharjah Developer Arada Markets Five-Year Dollar Sukuk, Offers to Buy Back $411.7 Million of 2027 Certificates

Sharjah-based Arada Developments has started marketing a five-year US dollar sukuk and launched a cash tender offer for $411.7 million of its certificates due in 2027.

TAQA Raises $1.75 Billion From Dual-Tranche Dollar Bond, Including $1.1 Billion of Green Notes

Abu Dhabi National Energy Company (TAQA) has raised $1.75 billion from a two-part US dollar bond sale, including $1.1 billion of five-year green notes.

Emirates NBD and BlackRock Launch Two Retail Income Funds as Partnership Reaches $350 Million in Assets

Emirates NBD Asset Management and BlackRock have launched two income-focused funds for retail and wealth clients, a year after starting a partnership that has attracted $350 million in assets under management.

HSBC CEO Says Gulf Will Recover From Iran War, Sees Hormuz Becoming ‘Redundant’ Within Five Years

HSBC Group Chief Executive Georges Elhedery said the Gulf would recover from the impact of the Iran war through investment in alternative trade routes, and that the Strait of Hormuz could become redundant in about five years.

Bank Albilad Third-Quarter Profit Falls 3.4% to SR740.2 Million as Costs and Provisions Rise

Bank Albilad's third-quarter net profit fell 3.4% to SR740.2 million from SR766.5 million a year earlier, as higher operating expenses and credit-loss provisions offset growth in income.

Qatar’s Ahli Bank Nine-Month Profit Edges Up to QAR676.8 Million

Ahli Bank reported net profit of QAR676.8 million for the nine months to September 30, 2026, up 0.1% from QAR676.2 million a year earlier.

Banque Saudi Fransi Third-Quarter Profit Rises 11.5% to SR1.51 Billion

Banque Saudi Fransi's net income rose 11.5% to SR1.51 billion in the third quarter of 2026, lifting nine-month profit 7% to SR4.38 billion.

KFH Nine-Month Profit Rises 6.2% to KD523.4 Million

Kuwait Finance House reported a net profit for shareholders of KD523.4 million for the first nine months of 2026, up 6.2% from a year earlier.

NBK Nine-Month Profit Rises 3.1% to KD481.7 Million

National Bank of Kuwait reported a net profit of KD481.7 million ($1.6 billion) for the first nine months of 2026, up 3.1% from a year earlier.

Qatar Airways and QNB Sign Global Payments Partnership for Airline’s Online Sales

QNB Group will process digital payments for Qatar Airways’ e-commerce transactions under a global payments partnership between the two Qatari companies.

Boubyan Bank Nine-Month Profit Rises 4% to KD80.7 Million

Kuwait's Boubyan Bank reported net profit of KD80.7 million for the first nine months of 2026, up 4% from a year earlier.
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