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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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Al Bawaba
October 21st, 2014 - 10:16 GMT

US-driven quest against money laundering: Standard Chartered to close thousands of UAE accounts

Al Bawaba
October 21st, 2014 - 08:06 GMT

NCB Capital: KSA telecom sector remains attractive due to high dividends

Al Bawaba
October 21st, 2014 - 05:02 GMT

IBQ sponsors The Ritz-Carlton Doha’s Pink Ribbon Zumbathon


Boeing forecasts that airlines in the Middle East will require 2,610 new airplanes over the next 20 years, worth an estimated $550 billion.
October 21st, 2014 - 03:55 GMT

Enjoying the ride: ME regional banks on plane orders 'funding' boom

On 31 January 2011, Moody’s downgraded the government bond rating for Egypt from BA2 to BA1, and changed the outlook from stable to negative
October 21st, 2014 - 03:55 GMT

Not so moody anymore? Moody's upgrades Egypt's rating to 'stable'

Abdulla Al Otaiba, Senior Managing Director & Group Head -  Global Retail and Commercial Banking, of NBAD
October 20th, 2014 - 10:27 GMT

NBAD supports SME conference

Mr. César González-Bueno, Gulf Bank’s CEO
October 19th, 2014 - 11:21 GMT

Gulf Bank posts operating profit of KD 79.8 Million with net profit up by 10% to KD 26.5 million

Four banks were also listed as being owned or controlled by the Syrian government and sanctioned.
October 19th, 2014 - 11:08 GMT

Allegations denied: US blacklists Lebanese firm for shipping banknotes to Syrian central bank

Al Bawaba
October 19th, 2014 - 09:51 GMT

Al Nahda Women’s Association thanks Al Hilal Bank for financing exclusive Mass Wedding for 10 Emirati couples

Al Bawaba
October 19th, 2014 - 09:40 GMT

Master Card recognizes Mashreq PayPort for revolutionizing the Region’s Mobile Payments landscape

Citigroup announced that it intends to exit its consumer business in Egypt, along with its businesses in other 10 countries.
October 19th, 2014 - 03:55 GMT

Done and over with? Citigroup quits consumer banking in Egypt

Al Bawaba
October 19th, 2014 - 03:55 GMT

The cost of delivery: how to financially prepare yourself for having a baby

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