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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
September 5th, 2013 - 10:40 GMT

NBAD’s Ratibi extends financial services to 500,000 workers

Nearly 80 per cent complete and located in a prime residential area in close proximity to Dubai Mall, Emirates Towers, Burj Khalifa and the Financial Centre metro station, the Central Park tower will comprise 426 apartments (Pictured: Dubai's International Financial Centre).
September 5th, 2013 - 10:20 GMT

A very different 'Central Park' coming to Dubai

In 2011, a small group of activists and shareholders informally investigated the performance of the company, discovering several instances of corruption.
September 5th, 2013 - 09:55 GMT

Jordan's Amwal Invest suing Ernst and Young over alleged fraud

Doha Bank customer receives free air tickets from redeemed points
September 5th, 2013 - 04:41 GMT

Doha Bank customer redeems Dream Points for free tickets at Mannai Air Travel

Al Bawaba
September 4th, 2013 - 10:33 GMT

United Arab Bank appoints Tony Graham as Head of Retail Banking

Dubai’s benchmark index hit the lowest close since July 16.
September 4th, 2013 - 08:29 GMT

Here it comes again: GCC markets taking the plunge one more time

The number of Chinese companies with membership in the Dubai Chamber have increased 18 per cent over the last two years, now totalling over 2,400.
September 2nd, 2013 - 01:59 GMT

The booming financial linkages between the UAE and China

Concerns however remain depending on how the situation evolves in the coming days.
September 2nd, 2013 - 01:23 GMT

Thanks to delayed US action, GCC markets are rebounding

"Priceless Arabia will give cardholders unique experiences in one of the world’s most diverse and exciting regions,” said MasterCard.
September 2nd, 2013 - 09:18 GMT

MasterCard now providing cardholders a 'Priceless' experience in the Middle East

Mashreq
September 2nd, 2013 - 07:46 GMT

Mashreq enhances Snapp to cover a wider user network via Windows 8

Arif Mubarak, CEO Arady Developments
September 2nd, 2013 - 04:47 GMT

‘Central Park’ at DIFC to feature 48-Storey residential tower

HSBC will discontinue sales of any new Wealth Investment or Wealth Insurance products in Lebanon, Jordan and Bahrain from 07 October 2013.
September 1st, 2013 - 01:39 GMT

HSBC suspends wealth management in three MENA countries

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