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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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Syrians will be able to buy dollars at 175 Syrian pounds, higher than the official rate but still cheaper than the black market – where the rate often reaches 200.
August 18th, 2013 - 10:05 GMT

One more item on the Syrian regime's hit list: the dollar

The TEPIX surpassed 60,000 on Saturday.
August 18th, 2013 - 08:10 GMT

Tehran's stock exchange booms a phenomenal 57%

Today, there is more regulation and central control and less speculative money available from the banks (source: Getty images).
August 15th, 2013 - 07:47 GMT

Will Dubai learn from its mistakes in real estate this time around?

The stock exchange will resume trading next week, the exchange said.
August 15th, 2013 - 10:15 GMT

Egypt's stock exchange, banks also under state of emergency

EastNets
August 15th, 2013 - 07:01 GMT

Leveraging SEPA for Euro payments optimization outside Europe

It seems Islamic finance is not considered a necessity in the majority of the Muslim world, especially in countries where a sizeable number of the population does not have enough money to open a bank account.
August 14th, 2013 - 01:01 GMT

Muslims may eat a Halal burger, but remain unable to invest in one

While 20 per cent confessed to the risky financial habit, another 45 per cent said their monthly debt repayments were beyond their means.
August 14th, 2013 - 12:29 GMT

How does one pay off debt in the UAE? more debt!

“The answer to the region's ‘development’ problems is not to create another bureaucracy that conflicts with a myriad of other, already existing development banks", said Michael Wassy from the University of Georgia.
August 14th, 2013 - 11:48 GMT

What do prominent thinkers have to say about creating an Arab development bank?

The non-financial sector (NFS) saw issuance increase threefold in 1H13, jumping $6.7 billion to $10.1 billion, its highest level ever.
August 14th, 2013 - 11:44 GMT

Non-financial sector debt issuance in the GCC at 'highest level ever'

Al Bawaba
August 14th, 2013 - 06:26 GMT

MasterCard celebrates spirit of Ramadan with Key Customers in Amman

Established in 1999, Rainbow Hospitals is India’s largest specialised paediatric and maternity care company with four maternity, paediatric and neonatal intensive care units, and one outpatient clinic in Hyderabad.
August 13th, 2013 - 12:55 GMT

Dubai's Abraaj to invest in Indian Healthcare

The bank's corporate banking, private banking and investment banking activities in the UAE are not part of the review, according to the sources.
August 13th, 2013 - 12:17 GMT

Barclays reconsidering its retail operations in the UAE

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