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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 13th, 2014 - 08:40 GMT

National Bank of Fujairah establishes equipment finance unit

In August, the capital market rose to the 9,000 points for the first time since 2008.
October 13th, 2014 - 03:55 GMT

Shedding the pounds: Egypt's stock market loses almost $2 billion

David Marshall, Senior Executive Officer, Emirates NBD AM
October 12th, 2014 - 10:25 GMT

Emirates NBD Asset Management strengthens Emirates NBD SICAV platform with launch of eight new funds

Al Bawaba
October 12th, 2014 - 10:00 GMT

Mashreq launches UAE’s first 3-in-1 cinema credit card

The level of interest mirrors widespread investor confidence in the markets of the UAE, with Dubai's index more than tripling in value since the start of 2013.
October 9th, 2014 - 11:49 GMT

Too much of a good thing? Why IPO's can result in an overly stoked UAE stock market

Al Bawaba
October 9th, 2014 - 10:12 GMT

MoF and NBAD launch a range of e-Dirham smart applications during GITEX 2014

The total of the loan package has surged to $6.45 billion.
October 9th, 2014 - 03:55 GMT

Paying back the IMF only to borrow more? World Bank increases loan to Turkey by $2 billion

He added that the central bank will reimburse that sum in case the Qatari government requests the money back.Egypt's net international reserves inched up to $16.8 billion in August, but are expected to decline if Egypt returns the two deposits.
October 8th, 2014 - 02:20 GMT

Thanks, but no thanks: Egypt to return $500 million loan to Qatar

The two parties met in court for the first time this week for a hearing to discuss costs incurred in relation to the abandoned application, among other issues.
October 8th, 2014 - 12:07 GMT

The law does protect fools after all: Goldman Sachs ordered to pay legal costs to Libya for 'bad advice'

Al Bawaba
October 8th, 2014 - 08:14 GMT

NBAD & MasterCard announce winner of the 2014 International Spend Campaign

Al Bawaba
October 8th, 2014 - 06:22 GMT

Mashreq opens E Cube Retail Concept in Sharjah City Center

Al Hilal Bank
October 8th, 2014 - 04:52 GMT

Al Hilal Bank named Global Growth Company by World Economic Forum

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