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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 sees strong rise in Estithmar Holding net profit

Qatar’s investment sector continues to show strength as Estithmar Holding reports remarkable growth in its financial performance. The Estithmar Holding Net Profit jumped by...

UAE Hiring Process Improvement Speeds Up Recruitment

The UAE hiring process improvement has transformed recruitment at Emirates Group. The company cut hiring time from 60 days to almost zero. This change...

Saudi Arabia Tourist VAT Refund Begins

Saudi Arabia now allows tourists to claim back the 15% Value Added Tax (VAT) they pay during their visit. The Saudi Arabia VAT refund system, launched...

Kuwait leads region with ISO 37301 compliance certification

Zain Kuwait has taken a big step forward by earning the ISO 37301 certification. This makes the company one of the first mobile operators...

Qatar Highlights Growth with Ahli Bank Quarterly Results

Qatar continues to reinforce transparency in its financial sector through the upcoming Ahli Bank quarterly results. The bank will share its first-quarter performance in...

Oman Real Estate Trading Sees $940 Million in Activity

Oman real estate trading continues to show movement, with total activity reaching $940 million. Although the market faces some declines, several areas still report...

Bahrain Launches Anti-Money Laundering Training to Strengthen Banking Sector

Bahrain takes a strong step in financial security by launching a new AML training Bahrain platform. This initiative helps bank staff detect crime and...

Kuwait Seeks Stability as Non-Oil Revenues Show Modest Growth

Kuwait has introduced a new national budget that shows gradual economic change. The budget forecasts non-oil revenues reaching 2.92 billion Kuwaiti dinars. This figure...

Saudi Arabia IP Reforms Boost Global Innovation Ranking

Saudi Arabia IP reforms continue to strengthen the Kingdom’s position in the global innovation landscape. The country recently moved up in the Global Intellectual...

Qatar’s QNB launches luxury rewards card with Harrods and Visa

QNB Group in Qatar has announced a long-term deal with Harrods and Visa. This new alliance will launch the QNB Harrods Visa card, aimed...

Qatar’s QNB Banking Brand Leads MEA Region Again

The QNB banking brand leads MEA region again, reinforcing Qatar’s position in global finance. With consistent growth, QNB remains the most valuable banking brand in...

Strengthening Bahrain’s Financial Sector with New CBB Structure

The Central Bank of Bahrain (CBB) took major steps toward strengthening Bahrain’s financial sector during its second Board meeting. The meeting, held in Manama...
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