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Banking and Finance

Banking and Finance latest

Sharjah Islamic Bank Reports Net Profit of AED 381 Million, Up 19.4% in Q1 2026
April 13th, 2026 - 11:44 GMT

Sharjah Islamic Bank Reports Net Profit of AED 381 Million, Up 19.4% in Q1 2026

Sharjah Islamic Bank (SIB) delivered an exceptional financial and operational performance across all business segments during the first quarter of 2026. Net profit after tax reached AED 380.7 million, representing an increase of 19.4% compared to AED 318.9 million for the same period in 2025. Income from investments in Islamic financing and Sukuk grew by AED 131.8 million, or 14.4%, to reach approximately AED 1.05 billion by the end of the first quarter of 2026, compared to AED 914.3 million during the same period in 2025. Meanwhile, total profit distributions ...
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Saudi Arabia’s King Abdullah bin Abdulaziz Al Saud, replaced the head of the Capital Market Authority (CMA) yesterday
February 6th, 2013 - 09:45 GMT

Saudi King replaces CMA boss

About 300 Saudis are imprisoned in the Kingdom who are unable to settle their bank debts
February 6th, 2013 - 09:40 GMT

Debt still hurting Saudis

Al Bawaba
February 6th, 2013 - 09:14 GMT

Emirates NBD introduces Chinese Yuan Renminbi currency-denominated accounts

The new courier offers effective and safe delivery services to Burgan Bank’s customers
February 6th, 2013 - 08:00 GMT

Burgan Bank collaborates with MyUS.com for its multi-currency X-Change cardholders

Standard and Poors, which downgraded Egypt's economic outlook recently, is facing legal action in the US over the subprime financial crisis
February 5th, 2013 - 10:51 GMT

No friend of Egypt's economy: S&P versus US in mortgage ratings trial

During the event
February 5th, 2013 - 10:03 GMT

Mashreq supports Emirati staff with Educational sponsorships

Al Bawaba
February 5th, 2013 - 09:53 GMT

NBAD launches groundbreaking pension & savings scheme for expats

Al Bawaba
February 5th, 2013 - 08:37 GMT

Liverpool FC fans get the chance to win a limited edition signed shirt

Al Bawaba
February 5th, 2013 - 04:40 GMT

Dubai Islamic Bank 2012 net profit rises to AED 1.19 billion

Banks in the Gulf lack lending and credit underwriting experience outside their region, which we view as a significant risk factor
February 4th, 2013 - 12:25 GMT

GGC banks snapping up MENA rivals

Iran's former Central Bank boss is thought to have been arrested on suspicion of money laundering
February 4th, 2013 - 11:35 GMT

Iran's former central bank chief arrested on suspicion of money laundering

Lebanon's five listed banks posted losses only masked by the sale of Audi’s insurance arm, LIA Insurance SAL
February 4th, 2013 - 08:59 GMT

Lebanon's banks decline masked by insurance company sale

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