Rasan's Riyadh Rocket: How One Insurtech Doubled Its Game

Numbers That Talk

RIYADH, Saudi Arabia sets the stage as Rasan Information Technology Company posts eye-popping 1H 2026 results. Revenue hit SAR 517 million, jumping 111% year-on-year.

Meanwwhile, profits soared too. Adjusted EBITDA reached SAR 236 million, and gross profit climbed to SAR 358 million, up 103%.

Growth Everywhere You Look

Furthermore, Motor Retail, Motor Leasing, and Health all fueled this momentum. Consequently, Gross Written Premiums surged to SAR 5.4 billion.

Ultimately, CEO Nicola Garelli credits Rasan's capital-light model. Therefore, expect this leading Insurtech and Fintech platform to keep advancing Saudi Vision 2030 boldly.

Oman’s Wind Revolution Takes Flight!

A Powerful Milestone

MUSCAT, Oman—A consortium led by EDF power solutions, Al Khadra Partners and OQ Alternative Energy (OQAE) has achieved financial close for the 120-megawatt (MW) Jaalan Bani Bu Ali (JBB) Wind Independent Power Project.

The project follows a 20-year Power Purchase Agreement with Nama Power and Water Procurement Company (Nama PWP), advancing one of Oman’s largest onshore wind farms. Located in South Al Sharqiyah Governorate, JBB will feature 16 turbines, each producing 7.7 MW.

Greener Energy Ahead

Meanwhile, commercial operations are expected in Q3 2027. Once operational, the wind farm could power more than 13,500 households annually.

Additionally, JBB will avoid over 270,000 tonnes of CO₂ emissions yearly while creating jobs and supporting local businesses. Ultimately, the project strengthens Oman Vision 2040 and advances its Net Zero 2050 ambitions.

Turn Rent Into Your Next Qsuite Adventure

Rent That Rewards

Bilt, the membership for where you live, is expanding its partnership with Qatar Airways Privilege Club, the loyalty program of the World’s Best Airline, voted by Skytrax in 2025 for a ninth time. Starting today, eligible U.S. cardholders can earn 3 Avios per $1 spent on rent, up to $50,000 annually through Bilt.

That means everyday rent can become exciting travel rewards. Eligible Qatar Airways Privilege Club Visa Signature and Visa Infinite Credit Cards, powered by Cardless, unlock this benefit.

Bigger Travel Possibilities

Moreover, members can transfer Bilt Points to Avios at a 1:1 ratio. Avios can unlock Qatar Airways flights, Qsuite experiences, partner airlines, and more.

With access to 160+ destinations through Doha, this partnership makes every rent payment work harder—and potentially brings your next international adventure closer.