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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
March 17th, 2014 - 10:28 GMT

Emirates NBD recognised by Euromoney as best provider of private banking services in UAE

International General Insurance Holdings building
March 17th, 2014 - 10:05 GMT

International General Insurance Holdings Limited announces net profits of US$31.26 million for 2013

Al Bawaba
March 17th, 2014 - 09:37 GMT

National Bank of Fujairah partners Emirates Wildlife Society in preservation of Wadi Wurayah National Park

Al Bawaba
March 17th, 2014 - 08:25 GMT

Credit cards remain the most popular non-cash payment option

Al Bawaba
March 16th, 2014 - 07:23 GMT

The ghosts of the 2009 crash: Abu Dhabi graciously amends the refinancing agreement for Dubai's $20 billion debt

The Syrian refugee influx into Jordan has in some ways exacerbated the Kingdom's financial struggles to a new level (File Archive)
March 16th, 2014 - 04:00 GMT

Why the World Bank is pouring millions into Jordan...this time

Al Bawaba
March 16th, 2014 - 09:55 GMT

Rapid household borrowing results in 8% credit growth in Kuwait

Al Bawaba
March 16th, 2014 - 08:20 GMT

NBK wins prestigious USD and Euro Excellence Award 2013

Al Bawaba
March 16th, 2014 - 05:41 GMT

Emirates Islamic announces Kunooz prize draw winners

According to a joint plan of action agreed in November in Geneva, world powers would “establish a financial channel to facilitate humanitarian trade for Iran’s domestic needs using Iranian oil revenues held abroad”.
March 16th, 2014 - 03:55 GMT

Not so open for business after all? Western Banks giving Iran the cold shoulder

 Emaar talked about listing its shopping mall unit but was forced to put the plan on hold as the emirate's real estate and stock markets collapsed.
March 16th, 2014 - 03:55 GMT

Shopping mall wealth: Emaar is about to make the region's highest equity list since 2008

Egypt's stock market closed the week on Thursday with a three-year high as daily turnover of listed securities hit LE1.4 billion ($201 million).  The broader index EGX70 dropped 1.35 percent in a session that saw mostly Egyptians as net suppliers, while Arab investors were net sellers at a net value of LE8 million ($1.15 million).
March 16th, 2014 - 03:55 GMT

Talk about a comeback: Egypt's stock market hits a three-year high!

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