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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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TBI payment excellence honored with global award

TBI payment excellence gained global recognition after receiving a top award from financial giant JP Morgan. The Trade Bank of Iraq (TBI) earned the...

Ithmaar Bank Profit Report Shows Steady Growth Amid Market Shifts

Ithmaar Bank profit report confirms the Islamic retail bank is staying on track despite a challenging environment. The Bahrain-based institution posted BD1.34 million in...

Understand Credit Card Interest UAE

Most people swipe their credit card or tap their phone without thinking. However, many misunderstand how credit card interest in the UAE really works....

Qatar Fintech Innovation Leads MENA Growth

Qatar fintech innovation recently became the center of fintech and insurtech activity. In Doha, two major events took place. The MENA Insurtech Summit and...

NBK Drives Clean Energy Transformation in Kuwait

National Bank of Kuwait continues to lead the clean energy transformation in the country. The bank played a major role in the recent Kuwait...

Oman Boosts Omani HR Development with Global Training Programs

Omani HR development continues to strengthen its workforce. In Muscat, the Omani HR Management Association met with London Business School leaders.Together, they planned executive...

Qatar Marine Traffic Suspension Begins Today Between Hamad Airport and The Pearl

Doha and Qatar marine traffic suspension begins at 6 PM today, affecting all routes between Hamad International Airport and The Pearl Island. The suspension, confirmed...

Kuwait Population Statistics Show Expat Majority

To start off, the Kuwait population statistics have reached approximately 4.98 million, highlighting the country’s diverse demographic structure. According to official data, Kuwaiti citizens...

Bank ABC Q1 Profit Shows Strong Growth

Bank ABC Q1 profit reported strong earnings for the first quarter, showing resilience despite global market challenges. The Bank ABC Q1 profit reached $76 million, marking...

Sohar International Bank Profit Drops Amid Rising Costs

Sohar International Bank profit declined sharply during the first quarter as multiple financial pressures emerged. The bank reported a net profit of OR21.5 million,...

NBB Banking Innovation Earns MEED Recognition

Firstly, the NBB banking innovation strategy has earned praise across the region. Recently, the National Bank of Bahrain (NBB) received two top awards at the MEED...

Emirates Group Profit Hits Record High

Emirates Group profit reached a record level, confirming its strong position in global aviation. The group earned AED21.2 billion ($5.8 billion) in pre-tax profit....
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