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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 Talent Growth Boosted by Burgan Bank

Kuwait banking talent growth received a major boost as Burgan Bank honored seven leaders for completing a prestigious leadership program. These graduates finished the...

Kuwait Improves Academic Credential Verification

Kuwait improves academic credential verification by signing a new agreement with Quadrabay Verification Services. The Ministry of Higher Education confirmed that Quadrabay will verify...

Bahrain Banking Sector Shows Strong Resilience

Bahrain’s banking sector has shown remarkable growth in the fourth quarter of 2024, outpacing many of its GCC peers. Bahrain banking sector growth. Despite...

Saudi Arabia Sees Big Opportunity for AI-Powered PCs

Saudi Arabia is seeing a major opportunity in the market for AI-powered PCs. A new survey revealed that only six per cent of people currently...

UAE Startup CAFU Plans Stake Sale to Boost Growth

CAFU stake sale plans are moving forward as the UAE-based fuel delivery operator seeks to raise fresh funds. CAFU, working with Lazard, hopes to...

Qatar Boosts Digital Finance Through Trade and Treasury Summit

Qatar's digital finance sector moves forward with strong support as Qatar Development Bank joins the Trade and Treasury Transformation Summit 2025. The summit, organized...

Bahrain Government Development Bond Oversubscription Reaches 308%

The Central Bank of Bahrain revealed a strong outcome for the latest Bahrain Government Development Bonds issue. Investors responded with high enthusiasm, oversubscribing the...

Kuwait Advances Investor Relations Skills with Strategic Workshops

Kuwait strengthened its investor relations capabilities by hosting two strategic workshops for capital market professionals. The sessions, organized by Boursa Kuwait alongside the Middle...

Oman to Launch Business Caller ID to Strengthen Telecom Trust

Oman will soon launch a business caller ID in Oman, announced by the Telecommunications Regulatory Authority (TRA) during its 2024 media briefing. This new digital...

Dubai Gold Rate Drop Boosts Festival Buying

Dubai gold rate drop has created fresh excitement among shoppers across the UAE. As a result, many are preparing to buy gold early for...

UAE Insurance Market Expected to Witness 20% Growth in 2025

The UAE insurance market growth continues to gain momentum, with forecasts projecting a 10 to 20% rise in 2025. This follows an impressive 20%...

UAE Insurance Solvency Challenges May Require Regulatory Help

Several UAE-listed insurers are struggling with solvency challenges, raising concerns across the financial sector. These issues have sparked talk of potential regulatory help to...
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