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Finance & Markets

Gulf Union Alahlia Swings to 1.8M SAR Nine-Month Profit

Riyadh, Saudi Arabia — Gulf Union Alahlia Cooperative Insurance posted a net profit of 1.806 million SAR for the nine months ending September 30, 2026, reversing a net loss of 84.747 million SAR in the same period last year. The turnaround came despite a 12% drop in insurance revenues, driven by sharply lower claims costs […] The post Gulf Union Alahlia Swings to 1.8M SAR Nine-Month Profit…

We haven't written up this one. The Saudi Standard has the full story — the link below goes straight to it.

Read the original at saudistandard.com →

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US Midterms Live: Hedge funds post best midterm-year start since 2006

Historically, the second year of a presidential term has been the weakest for hedge funds, with the HFRI Fund Weighted Composite averaging 3.46%, against more than 13% in both the first and third…

  • Hedge funds achieved best midterm-year start since 2006
  • HFRI Fund Weighted Index returned 6.88% in 2026
  • Factors like inflation and political dynamics influence strategies

Amazon Thinks AWS Could Become a $1 Trillion Business. Here's Why.

CEO Andy Jassy believes Amazon Web Services' opportunity goes well beyond AI.

  • Amazon Web Services (AWS) CEO Andy Jassy predicts $1 trillion business within 5-10 years.
  • Migration to cloud infrastructure and AI demand drive growth forecast.
  • AWS currently generates $184 billion in annualized revenue.

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