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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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The growth of PE investment in MENA is expected to be driven by funds that target healthcare, education, infrastructure, oil & gas services and consumer-focused industries
December 23rd, 2012 - 11:24 GMT

Egypt and Saudi to become regional Private Equity hotspots

During the event
December 23rd, 2012 - 09:16 GMT

Al Dhafra Co-operative Society signs AED 250 million banking facilities agreement with Al Hilal Bank

Penny pincher.
December 23rd, 2012 - 08:41 GMT

Billionaire Prince Alwaleed under fire for not paying employees, buying $485m private jet

Abdulkadir Hussain receiving the award
December 23rd, 2012 - 08:31 GMT

Mashreq Al Islami receives Best Islamic Fund Middle East award

GCC residents fear they are not saving enough for the future
December 23rd, 2012 - 07:53 GMT

Fixing the roof while the sun is shining: GCC residents start saving

There is confusion as to wether or not the head of  Egypt's central bank has resigned
December 23rd, 2012 - 06:53 GMT

Confusion over Egypt's central bank chief's resignation

Al Bawaba
December 23rd, 2012 - 05:31 GMT

Burgan Bank completes the acquisition of Eurobank Tekfen in Turkey

SuvoSarkar and Saif Al Mansooriwith
December 23rd, 2012 - 05:00 GMT

Emirates NBD announces winners of first Instagram competition in the Middle East

The governor of the Central Bank of Egypt (CBE), Farouq El-Oqda, has resigned
December 22nd, 2012 - 06:52 GMT

Egypt: Central Bank boss resigns

Oman is set to introduce tough new Islamic finance rules
December 20th, 2012 - 12:19 GMT

Oman's new strict banking rules

HSBC has been fined after laundering money for Syria and Iran
December 20th, 2012 - 11:45 GMT

HSBC fined over Syrian and Iranian money laundering

The Palestinian Authority is to borrow money from local banks to pay wages as a general strike enters the second day
December 20th, 2012 - 08:06 GMT

Palestine: General strike enters second day, PA to borrow from banks to pay wages

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