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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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Qatar's emir has instructed all companies listed on the country's stock exchange to raise their limit for foreign ownership to 49 percent in a move that could attract more liquidity to the buoyant bourse.
May 27th, 2014 - 10:26 GMT

Welcoming liquidity: Qatar firms ordered to raise foreign ownership cap to 49%

David Haigh, who until March was deputy chief executive of Dubai-based GFH Capital, a unit of Bahrain’s Gulf Finance House, has been referred to Dubai’s public prosecutor for trial.
May 27th, 2014 - 09:26 GMT

Ex-leeds official accused of embezzling $6.75 million in Dubai

Al Bawaba
May 27th, 2014 - 09:24 GMT

Emirates Islamic reinforces commitment to Emiratisation with successful completion of Al Mustaqbal programme

Al Bawaba
May 27th, 2014 - 09:14 GMT

MasterCard and Bank of Punjab bring financial inclusion to Pakistan

Al Bawaba
May 27th, 2014 - 08:19 GMT

Mashreq Max 2.0 will change the way you bank - forever

Al Bawaba
May 27th, 2014 - 02:55 GMT

The power struggle continues: Erdogan harshly criticizes central bank, asks if "it's kidding"

Saeed said the highest level the stock market has witnessed occurred in 2008, when it registered 12,000 points, followed by a slump for five years.
May 26th, 2014 - 07:17 GMT

Election day bonanza raises Egypt's bourse to highest levels since 2008

Al Bawaba
May 26th, 2014 - 10:12 GMT

Understanding the signs: how UAE banks scheme to have expats fall right into a debt trap

Al Bawaba
May 26th, 2014 - 04:54 GMT

Burgan Bank launches new Co-branded Credit Card with Qatar Airways

Al Bawaba
May 26th, 2014 - 02:55 GMT

Iranian billionaire executed over $2.6 billion scam

Al Bawaba
May 25th, 2014 - 09:28 GMT

Lured by the French charm? GCC investments in France double

With inflation becoming well entrenched again regionally, the issue of managing cash, or translating it into other vehicles, has become pressing again.
May 25th, 2014 - 03:36 GMT

Why the Gulf's exchange rates need to find direction

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