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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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Burgan Launches the Best Three Cashback Cards in Kuwait offering up to 15%
May 7th, 2023 - 06:11 GMT

Burgan Launches the Best Three Cashback Cards in Kuwait offering up to 15%

Markaz sets foundation for solid year with three award wins from Global Finance & Euromoney in Q1 2023
May 7th, 2023 - 04:27 GMT

Markaz sets foundation for solid year with three award wins from Global Finance & Euromoney in Q1 2023

Bank of Sharjah Boosts Capital by AED 800 Million
May 5th, 2023 - 10:53 GMT

Bank of Sharjah Boosts Capital by AED 800 Million

Emirates Development Bank to Participate at 12th Annual Investment Meeting
May 5th, 2023 - 10:02 GMT

Emirates Development Bank to Participate at 12th Annual Investment Meeting

Mastercard Women SME Leaders Awards reveals 2023 winners
May 5th, 2023 - 09:47 GMT

Mastercard Women SME Leaders Awards reveals 2023 winners

Fed hikes interest rates to pre-2008 levels
May 4th, 2023 - 09:33 GMT

Fed hikes interest rates to pre-2008 levels

UAE's Tecom Group's Stock Rises 3.7% Following Strong Q1 Results
May 4th, 2023 - 07:25 GMT

UAE Tecom Group's stocks rise 3.7%

Bahrain leads in global adoption of real-time payments, says ACI Worldwide report
May 4th, 2023 - 06:55 GMT

Bahrain leads global real-time payments, ACI says

Oil drops 4% as Fed raises interest rate
May 4th, 2023 - 06:47 GMT

Oil drops 4% as Fed raises interest rate

Burgan Bank Celebrates its First Ro2ya Graduating Cohorts
May 4th, 2023 - 06:44 GMT

Burgan Bank Celebrates its First Ro2ya Graduating Cohorts

Unlock a range of lifestyle benefits with NBO’s reimagined credit cards
May 3rd, 2023 - 10:31 GMT

Unlock a range of lifestyle benefits with NBO’s reimagined credit cards

S&P 500 Index up 10.74%
May 3rd, 2023 - 09:28 GMT

S&P up 10.74% despite warnings of steep decline

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