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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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UAE: ADX General Index Climbs Amid Strong Earnings and Investor Optimism

ADX General Index recorded a solid gain, climbing to 9,527.50 points with a 0.63% increase. This growth highlights rising investor confidence and reflects the...

Saudi Arabia Sees Sharp Rise in Gold Jewellery Demand in 2025

The Saudi gold jewellery trend continued to grow strongly during the first quarter of 2025. Despite high gold prices, shoppers in Saudi Arabia kept...

Saudi Arabia and Qatar Settle Syria’s World Bank Arrears to Boost Reconstruction

The World Bank support for Syria have decided to jointly pay Syria’s $15 million debt to the World Bank. This move unlocks critical World...

Qatar and Saudi Arabia Deepen Strategic Cooperation in Doha

Qatar and Saudi strategic cooperation gained momentum this week during high-level talks in Doha. On Tuesday, leaders from both nations gathered to strengthen bilateral...

Kuwait Promotes Secure Payment Methods with Sahel App

Kuwait secure payment methods are gaining attention as digital banking becomes more common across the country. Gulf Bank has strongly encouraged customers to use...

Iraq boosts young financial talent through future leaders training

Iraq has taken another step in developing future financial leaders. The Central Bank of Iraq partnered with Bahrain's BIBF to train its young professionals....

UAE Corporate Tax Waiver Eases Business Compliance

The UAE Ministry of Finance has launched a new plan to ease business compliance. The initiative allows eligible firms to benefit from a corporate tax...

Kuwait Mortgage Law Boosts Banking Growth

Kuwait mortgage law reforms are set to transform its financial sector. The approval of the debt and mortgage laws will drive strong growth. These...

Dubai Gold Prices Fall Below Dh400 as Global Rates Dip

Gold prices in Dubai started the week on a lower note, dropping below Dh400 per gram. Early in the day, the 24K gold variant...

Qatar Spain Business Ties Strengthen

Qatar and Spain business ties grew stronger during a grand gala hosted by the Chamber of Commerce of Spain in Qatar. The event marked...

Iraq Economic Reform Gains World Bank and IMF Support

Iraq economic reform gained new momentum as the finance minister and Central Bank Governor attended key meetings in Washington. Minister Taif Sami Mohammed and...

Iraq Economic Growth Forecast Cut Amid Global Changes

Iraq’s economy is facing new challenges as the International Monetary Fund predicts a contraction this year. The latest report highlights a 1.5 percent decline,...
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