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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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Trump Qatar Air Force One Deal Finalized as Pentagon Accepts Qatari 747 Gift

The Qatar jet Air Force One gift has cleared Pentagon review and now serves as the president’s temporary aircraft. Defense Secretary Pete Hegseth signed off on...

Qatar Airways Profit 2025 Reaches Record $3.34B Ahead of Virgin Australia Launch

The Qatar Airways profit 2025 figure reflects a 28 percent increase compared to the previous year. It stands as the strongest financial result ever posted by...

UAE Industrial Financing Deals Unlock Dhs40bn to Drive Tech and SME Growth

The UAE government has launched a new wave of support for industrial development. On Tuesday, it signed UAE industrial financing deals worth over Dhs40bn with top...

Oman Oil Price July 2025 Rises to $66.05 Amid Global Market Trends

The Oman oil price July 2025 delivery rose to $66.05 per barrel, according to official figures released today. This increase reflects a $1.04 gain compared to...

Qatar Economic Forum signs MoUs and launches new app

The Qatar Economic Forum is back with powerful additions this year. Organizers revealed exciting updates during a press conference held in Doha. To begin with,...

Oman Hotel Revenue Rises Over 10% as Tourism Grows

The Oman hospitality industry continues to expand, with 3 to 5-star hotels showing strong revenue increases. This steady rise highlights consistent Oman hotel revenue...

Iraq Telecom Growth Drives Zain’s Strong Financial Results

Zain Iraq continues to show strong performance across financial and operational areas. The results confirm the steady pace of Iraq telecom growth in a...

Saudi Arabia Expat Remittances Surge with Digital Transfer Growth

Saudi Arabia expat remittances jumped to $4.13 billion, reaching their highest level in nearly nine years. This rise shows strong financial activity by foreign...

UAE Domestic Card Scheme Jaywan Enhances Local Payments

The UAE has launched Jaywan, a new payment option under the UAE domestic card scheme. This move offers a homegrown alternative to global card...

Bahrain GIB grows with 500m Murabaha facility

Gulf International Bank (GIB) has closed a $500 million Murabaha facility. This move marks its first Islamic syndicated transaction in international markets. To begin with,...

Bahrain Financial Regulations Strengthen Sector Transparency

Bahrain continues to reform its economy by introducing stronger financial rules for banks and institutions. These Bahrain financial regulations improve transparency, reduce risks, and...

Saudi POS Transactions Stay Above $3 Billion

Saudi POS transactions stayed strong, holding above $3 billion for a second week. Despite a drop in weekly totals, spending remained high, according to...
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