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Banking and Finance

Banking and Finance latest

Sharjah Islamic Bank Achieves Net Profit of AED 1.3 Billion for the year 2025 with 26% Growth and Proposes 20% Higher Cash Dividends and Capital Increase
January 23rd, 2026 - 10:19 GMT

Sharjah Islamic Bank Achieves Net Profit of AED 1.3 Billion for the year 2025 with 26% Growth and Proposes 20% Higher Cash Dividends and Capital Increase

Sharjah Islamic Bank delivered a strong financial and operational performance during 2025, supported by balanced growth across its core activities. Net profit after tax reached AED 1.32 billion, representing an increase of 26% compared to AED 1.05 billion recorded in 2024. Income from Islamic financing investments and sukuk increased by AED 175.0 million, representing a growth rate of 4.7%, reaching approximately AED 3.9 billion in 2025, compared to AED 3.7 billion in the previous year. Meanwhile, distributions to depositors and sukuk holders amounted to AED 2.3 billion, compared to AED ...
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Gold rates in Saudi Arabia Today Wednesday 24 May 2023
May 24th, 2023 - 06:03 GMT

Gold rates in Saudi Arabia Today Wednesday 24 May 2023

ALBAWABA – Gold rates in Qatar opened at a selling price of QR 7,189.00 per ounce today, Wednesday, May 24, 08:32 a.m., according to Qatar-goldprice.com.
May 24th, 2023 - 05:57 GMT

Gold rates in Qatar Today Wednesday 24 May 2023

Gold rates in UAE Today Wednesday 24 May 2023
May 24th, 2023 - 05:40 GMT

Gold rates in UAE Today Wednesday 24 May 2023

KPMG Saudi Arabia Elects New Board of Directors Chaired by Dr Abdullah Al Fozan
May 24th, 2023 - 04:18 GMT

KPMG Saudi Arabia Elects New Board of Directors Chaired by Dr Abdullah Al Fozan

KPMG Saudi Arabia Elects New Board of Directors Chaired by Dr Abdullah Al Fozan
May 23rd, 2023 - 01:00 GMT

KPMG Saudi Arabia Elects New Board of Directors Chaired by Dr Abdullah Al Fozan

Corporate tax in UAE also includes individuals
May 23rd, 2023 - 10:44 GMT

Corporate tax in UAE also includes individuals

NBB Ranks 1st in the MENA Region for ESG Performance by Refinitiv ESG Scoring
May 23rd, 2023 - 10:29 GMT

NBB Ranks 1st in the MENA Region for ESG Performance by Refinitiv ESG Scoring

Mastercard and Foloosi launch Click to Pay in UAE
May 23rd, 2023 - 08:55 GMT

Mastercard and Foloosi launch Click to Pay in UAE

KIB is diamond sponsor of Euro-Med Economic and Banking Summit 2023
May 23rd, 2023 - 08:23 GMT

KIB is diamond sponsor of Euro-Med Economic and Banking Summit 2023

US debt ceiling talks promising, not conclusive
May 23rd, 2023 - 08:15 GMT

US debt ceiling talks promising, not conclusive

ADIB becomes the first UAE bank to provide instant and secure account opening for SMEs via deploying Emirates Face Recognition (EFR) technology
May 23rd, 2023 - 07:17 GMT

ADIB becomes the first UAE bank to provide instant and secure account opening for SMEs via deploying Emirates Face Recognition (EFR) technology

Gold prices in KSA Today Tuesday 23 May 2023
May 23rd, 2023 - 05:58 GMT

Gold prices in KSA Today Tuesday 23 May 2023

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