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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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New Mastercard Report Outlines Key Sectors in Saudi Arabia Set to Benefit From Smart City Revolution
March 28th, 2022 - 07:57 GMT

New Mastercard Report Outlines Key Sectors in Saudi Arabia Set to Benefit From Smart City Revolution

NBO Joins Hands With Embassy of Nepal To Introduce Remittance Services
March 28th, 2022 - 07:43 GMT

NBO Joins Hands With Embassy of Nepal To Introduce Remittance Services

Mashreq Bank Launches Neopay To Consolidate and Grow Its Leadership in the Digital Payments Space Across the Region
March 28th, 2022 - 06:51 GMT

Mashreq Bank Launches Neopay To Consolidate and Grow Its Leadership in the Digital Payments Space Across the Region

Al Salam Bank Launches Its Revamped Danat Savings Scheme for 2022
March 27th, 2022 - 05:55 GMT

Al Salam Bank Launches Its Revamped Danat Savings Scheme for 2022

Boursa Kuwait’s E-annual General Assembly Approves Cash Dividend of Over Kd13 Million for 2021
March 27th, 2022 - 05:37 GMT

Boursa Kuwait’s E-annual General Assembly Approves Cash Dividend of Over Kd13 Million for 2021

Air Arabia Abu Dhabi Starts New Route to Istanbul
March 25th, 2022 - 02:55 GMT

Air Arabia Abu Dhabi Starts New Route to Istanbul

ADCB Islamic Banking Announces Latest Winners of Millionaire Savings Accounts
March 25th, 2022 - 08:16 GMT

ADCB Islamic Banking Announces Latest Winners of Millionaire Savings Accounts

Dubai's Biggest IPO Opens As DEWA Seeks to Raise $2.2 Billion
March 24th, 2022 - 09:05 GMT

Dubai's Biggest IPO Opens As DEWA Seeks to Raise $2.2 Billion

KPMG: Building Sporting Culture To Attract Domestic, International Tourists to Saudi Arabia
March 24th, 2022 - 09:01 GMT

KPMG: Building Sporting Culture To Attract Domestic, International Tourists to Saudi Arabia

Bank ABC’s 2022 AGM Approves $31 Million Dividend And Capital Strengthening Action To Support Future Growth
March 23rd, 2022 - 06:13 GMT

Bank ABC’s 2022 AGM Approves $31 Million Dividend And Capital Strengthening Action To Support Future Growth

KPMG: Building Sporting Culture To Attract Domestic, International Tourists to Saudi Arabia
March 23rd, 2022 - 03:16 GMT

KPMG: Building Sporting Culture To Attract Domestic, International Tourists to Saudi Arabia

Emirates Development Bank, Emirati Entrepreneurs Association Discuss Collaboration to Advance Impact on Homegrown Startup, Sme Ecosystem
March 23rd, 2022 - 11:02 GMT

Emirates Development Bank, Emirati Entrepreneurs Association Discuss Collaboration to Advance Impact on Homegrown Startup, Sme Ecosystem

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