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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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Kuwait Banking Leadership Grows with Burgan Bank Appointment

Kuwait banking leadership continues to advance as Burgan Bank appoints Danah Al-Jasem as General Manager of Corporate Communications. This key appointment reflects the bank’s...

Saudi GCC Market Growth Hits $4.2tn

Saudi Arabia continues to play a central role in driving strong regional market gains. Recently, Saudi GCC market growth pushed total capitalization beyond $4.2...

Qatar Foreign Reserves Surge to QR257 Billion

Qatar foreign reserves recorded strong growth, reaching QR257.111 billion by the end of the latest period. This marks a 3.58 percent increase compared to...

Bahrain Capital Markets Tech Shift Takes Center Stage at Major Conference

To start with, Bahrain is preparing to host a major event that will spotlight the future of financial technology and exchange infrastructure. Bahrain Bourse...

Qatar Banking Sector Growth Stays Steady With Rising Assets

To begin with, Qatar banking sector growth continues to show strong momentum across assets, loans, and deposits. Despite global challenges, the sector keeps expanding....

Oman Supports GCC Economic Integration at Kuwait Meeting

Primarily, Oman joined a key GCC meeting in Kuwait to strengthen GCC economic integration across finance, trade, and cooperation. This session helped prepare for...

UAE Pistachio Chocolate Sales Boost Dubai Duty Free Revenue

Dubai Duty Free recorded a major jump in revenue last month, driven by pistachio chocolate bar sales. These viral treats, known for their pistachio-filled Kunafa...

UAE Real Estate Tax Rules Receive Fresh Clarification

The UAE real estate tax rules have been clarified to offer investors better guidance. Authorities issued a public explanation of how Corporate Tax applies to real...

Saudi Non-Oil Sector Growth Remains Strong

Saudi non-oil sector growth remained strong as the private economy continued expanding across industries. The Riyad Bank Purchasing Managers’ Index (PMI) registered 55.6, signaling...

Iraq Banking Reform Plan Gains Government Support

Iraq banking reform plan gains government support as Prime Minister Mohammed Shia Al-Sudani meets with top banking leaders. He described reform as essential for...

Kuwait Digital Partnership Boosts User Benefits

Kuwait digital partnership boosts user benefits through a strategic agreement between Yango Play and CARI. This new collaboration offers exclusive bundled services for users...

Bahrain’s Ila Bank Wins MENA Retail Bank of the Year

Ila Bank in Bahrain has earned top honors as MENA Retail Bank of the Year. This recognition highlights the bank’s leadership in digital retail...
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