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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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Oman Aviation Growth Powered by National Strategy

Oman continues to reshape its aviation sector. Oman Air and Oman Airports recently shared major updates during a press conference in Muscat. Together, they...

Kuwait Sustainability Strategy Strengthened by Zain’s New Report

Zain Group in Kuwait has released its latest sustainability report, reinforcing its commitment to ethical progress. The report outlines new goals and highlights key...

Saudi Credit Facilities Expand to Boost Non-Oil Exports

Saudi Arabia is scaling up its efforts to support global trade. As part of this, Saudi credit facilities more than doubled recently. This growth...

Bahrain Chamber Urges Unified Arab Economic Action for Sustainable Growth

The Bahrain Chamber is urging unified Arab economic action to address the challenges posed by a rapidly changing global economy. At the 51st Arab...

Dubai Gold Prices Hit Record High

The Dubai gold prices 2025 have drawn strong attention as rates reach historic highs across the UAE. The price of 24K gold surged to Dh405.25 per...

Kuwait Finance House: Net Profit of KD 168.1 Million in Q1 2025

Kuwait Finance House reported a strong net profit of KD 168.1 million for the first quarter of 2025. This marks a 3.2% increase from...

Bahrain Hosts Workshop on Climate Action in Islamic Finance

Bahrain is stepping up its efforts to promote climate action in Islamic finance. Recently, the country launched a two-day technical workshop aimed at strengthening...

Iraq Enforces Forex Regulation Compliance With License Cancellation

Iraq continues its push for forex regulation compliance by taking strict actions against violators. Recently, the Central Bank of Iraq revoked the license of Taiba Land...

Saudi Arabia Strengthens Media Growth with New Leadership

Saudi Arabia is taking bold steps to grow its media sector with a strong focus on trusted media solutions. In this context, the country has...

Dubai Rent Correction 2025 Expected to Stabilize the Market

The Dubai rent correction 2025 is projected to bring a 10 to 20 per cent drop in rental prices across the city. Experts believe this shift...

Oman Modernizes Banking with Direct Debit Upgrade

The Oman Direct Debit system marks a major step forward in the country’s digital banking transformation. Introduced by the Central Bank of Oman (CBO), this system...

Saudi Islamic finance drives strong global growth

Saudi Arabia continues to lead in global Islamic finance. The Saudi Islamic finance market is growing fast, backed by Vision 2030. Strong sukuk activity...
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