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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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Gold prices in Amman Today Tuesday 12 October 2023
October 12th, 2023 - 06:31 GMT

Gold prices in Amman Today Tuesday 12 October 2023

Gold prices in Riyadh Today September 12 October 2023
October 12th, 2023 - 06:25 GMT

Gold prices in Riyadh Today September 12 October 2023

Gold prices in Doha Today Thursday 12 October 2023
October 12th, 2023 - 06:19 GMT

Gold prices in Doha Today Thursday 12 October 2023

Gold prices in Dubai Today Thursday 12 October 2023
October 12th, 2023 - 06:13 GMT

Gold prices in Dubai Today Thursday 12 October 2023

Al Salam Bank Launches AI Bootcamp in Partnership with Bahrain Polytechnic
October 12th, 2023 - 05:40 GMT

Al Salam Bank Launches AI Bootcamp in Partnership with Bahrain Polytechnic

Nasdaq
October 11th, 2023 - 10:19 GMT

Nasdaq composite index suffers biggest daily loss in 3 weeks

IMF noted that the easing of concerns related to the banking sector paved the way for optimism about rapid inflation decline and a soft landing for the global economy.
October 11th, 2023 - 10:08 GMT

IMF optimistic about global financial stability but warns of lingering risks

Commercial Bank of Kuwait successfully completes the issuance of first tranche under subordinated tier 2 bonds program of the Bank
October 11th, 2023 - 09:53 GMT

Commercial Bank of Kuwait successfully completes the issuance of first tranche under subordinated tier 2 bonds program of the Bank

Burgan Bank Receives GCC Excellence Award in the Recruitment and Development of Nationals for the Second Time
October 11th, 2023 - 09:31 GMT

Burgan Bank Receives GCC Excellence Award in the Recruitment and Development of Nationals for the Second Time

Fed will avoid recession while tackling US inflation
October 11th, 2023 - 09:27 GMT

Fed will avoid recession while tackling US inflation

Emirates Islamic claims double win at the International Finance Awards 2023
October 11th, 2023 - 08:44 GMT

Emirates Islamic claims double win at the International Finance Awards 2023

US stock indices gain on easing monetary policy hints
October 11th, 2023 - 08:01 GMT

US stock indices gain on easing monetary policy hints

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