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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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IMF EFF for Egypt
December 18th, 2022 - 08:24 GMT

IMF approves 46-month $3B extended arrangement for Egypt

Jordan Aqaba-Amman water project
December 18th, 2022 - 07:59 GMT

Jordan secures loan for Aqaba-Amman water project

National Bank of Oman Further Transforms Multi-purpose Kiosk To Meet Customer Needs
December 18th, 2022 - 07:02 GMT

National Bank of Oman Further Transforms Multi-purpose Kiosk To Meet Customer Needs

Global stocks sink
December 15th, 2022 - 06:36 GMT

Equities sink as central banks hike rates further

Mastercard partners with Credit Libanais to launch inbound cross-border payments across Lebanon
December 15th, 2022 - 02:03 GMT

Mastercard partners with Credit Libanais to launch inbound cross-border payments across Lebanon

Al Salam Bank Welcomes Student Delegation from Al-Iman Schools
December 14th, 2022 - 11:04 GMT

Al Salam Bank Welcomes Student Delegation from Al-Iman Schools

BisB’s Chief Information Security Officer Participates at Arabian Gulf University’s Innovation Management Programs as a Keynote Speaker
December 13th, 2022 - 02:25 GMT

BisB’s Chief Information Security Officer Participates at Arabian Gulf University’s Innovation Management Programs as a Keynote Speaker

NBB Participates as Gold Sponsor of IRONKIDS
December 13th, 2022 - 02:09 GMT

NBB Participates as Gold Sponsor of IRONKIDS

NBO Signs an Agreement With the Ministry of Housing and Urban Planning To Facilitate Affordable Housing
December 13th, 2022 - 01:56 GMT

NBO Signs an Agreement With the Ministry of Housing and Urban Planning To Facilitate Affordable Housing

Bahrain Kuwait Insurance Co. (GIG Bahrain), becomes the first insurance company in the MENA region to accept Crypto Payments via EazyPay & Binance Pay
December 13th, 2022 - 10:11 GMT

Bahrain Kuwait Insurance Co. (GIG Bahrain), becomes the first insurance company in the MENA region to accept Crypto Payments via EazyPay & Binance Pay

Mastercard Brings Apple Pay to Customers in Kuwait
December 13th, 2022 - 07:58 GMT

Mastercard Brings Apple Pay to Customers in Kuwait

Al Salam Bank launches Al Salam Zone to Ensure Smooth Transition for Ithmaar Clients
December 13th, 2022 - 06:37 GMT

Al Salam Bank launches Al Salam Zone to Ensure Smooth Transition for Ithmaar Clients

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