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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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Qatar Celebrates QNB’s Digital Banking Excellence Award

QNB Group continues to lead with digital banking excellence in Qatar. The bank received a top award for Best Multi-Channel Offering. This win honors...

Saudi Lending Growth Reaches Record as Corporate Credit Drives Expansion

Saudi Arabia’s banking sector continues to expand at a strong pace. Total bank credit has reached SR3.1 trillion, equal to $827 billion. As a...

Kuwait Bank Leadership Training Boosts Strategic Skills

Gulf Bank in Kuwait has marked an important step in developing local talent through advanced leadership education. The bank celebrated the graduation of several...

Kuwait Crypto Mining Ban Shakes Digital Sector

Kuwait has introduced a full Kuwait crypto mining ban to reduce energy overload across its national power grid. The government decided to take strict action after...

Bahrain Business Environment Reform Gains Momentum

The Bahrain business environment continues to improve as officials push new strategies to support growth and innovation. The Industry and Commerce Ministry and the Bahrain Chamber...

UAE Leads Crypto Finance Growth with Fintech Innovation

The UAE leads a global shift in finance, and digital innovation fuels crypto finance growth in the country. The country continues to attract record...

Saudi Arabia Lifts Cabotage for Charter Flights

Saudi Arabia cabotage for charter flights has taken a major step in boosting its aviation sector by removing cabotage restrictions. This move allows international charter...

Bahrain Highlights Legal Account Rules for Lawyers

Bahrain continues its financial reforms with a focus on the Legal Account Rules for Lawyers. The Central Bank of Bahrain held a workshop to explain...

Qatar Fawran Instant Payment System Hits QR10 Billion Milestone

Fawran instant payment system has processed over 5 million transactions, Since launching in March 2024.Qatar’s digital economy keeps growing fast. The total transaction value surpassed...

Qatar Firm Highlights Employee Welfare on Labour Day

Mowasalat (Karwa) proudly marked International Labour Day with a celebration of employee welfare and rights. The company continues to promote employee welfare programs that enhance work-life...

BBK Q1 Profit Growth Reflects Strong BBK Financial Strategy

BBK has announced a net profit of BD21.1 million for the first quarter. This marks a slight increase over last year’s result. The rise...

GCC tax shift drives fiscal sustainability

The GCC tax shift marks a new era in the region’s economic strategy. Gulf countries now prioritize fiscal stability and long-term growth. Previously known for low taxes,...
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