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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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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

Gold prices in Amman Today Wednesday 11 October 2023
October 11th, 2023 - 06:31 GMT

Gold prices in Amman Today Wednesday 11 October 2023

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