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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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Bahrain Businesses Boost Growth with Trade Credit Insurance

Business leaders in Bahrain are increasingly using trade credit insurance to protect their operations. During a recent session in Manama, industry experts shared practical...

Saudi Arabia Maintains Stability Amid External Debt Growth

Saudi external debt growth continues to show strength as external debt rises. The increase comes as part of the nation’s Vision 2030 push, which...

UAE tax updates boost business confidence

The UAE and Saudi Arabia introduced new UAE tax updates this week to help businesses manage penalties. These steps aim to ease burdens and support company...

NBK Job Fairs Support PWD Inclusion in the Workforce

National Bank of Kuwait (NBK) continues to expand its role in building an inclusive labor market. Recently, NBK increased its involvement in local job...

Oman Boosts Solar Energy with China Solar Deal

Oman solar energy project continues to advance its clean energy goals through a major partnership with a Chinese firm. The new agreement centers on...

Bahrain’s Beyon Sees Drop in Quarterly Profit Despite Solid Revenue

Beyon, one of Bahrain’s top telecom and digital companies, announced its first-quarter financial results. The company recorded a net profit of BD18.1 million. This...

Qatar Strengthens Digital Payments with Fawran System Success

Qatar Fawran system continues making big strides in digital finance. The country’s real-time payment system, Fawran, shows impressive results. Since its launch, the platform...

Oman Advances Insurance Coverage in MENA Region

Oman insurance sector takes the spotlight as the country hosts a major regional seminar in Muscat. The event, led by the Financial Services Authority...

UAE stablecoin use set to rise with digital payments shift

The UAE moves quickly to adopt digital finance solutions. UAE stablecoin use will likely transform everyday transactions. Digital currency may soon reshape payment systems,...

GCC Faces Economic Challenges Amid Oil Price Decline

Gulf Cooperation Council (GCC) companies are navigating a complex economic challenges landscape. The dual impact of declining oil prices and escalating trade tensions presents...

Oman Targets Big Power Grid Expansion by 2028

Oman has set an ambitious plan for its electricity future. Oman's power grid expansion will reach around $2 billion over the next four years....

Bahrain shaping a sustainable future at the Global Forum

Shaping a sustainable future, Top business and government leaders gathered in Bahrain shaping a sustainable future to address global economic changes. They met at...
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