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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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Al Bawaba
January 30th, 2014 - 10:38 GMT

Emirates NBD Manchester United cardholders win fully paid trips to Old Trafford

Andre Sayegh, CEO of First Gulf Bank
January 30th, 2014 - 06:24 GMT

First Gulf Bank 2013 sssets up 11% to AED 195 billion and net profit up 15% to AED 4.77 billion

Al Bawaba
January 29th, 2014 - 10:00 GMT

Jordan's public debt is how much?! Breaking down the Kingdom's ever-growing financial crisis

The declines were part of a broader slide in global markets on Friday, with stocks in Asia, Europe and the US tumbling.
January 29th, 2014 - 03:55 GMT

Is the Turkish lira a victim of Turkey or of global contagion?

Al Bawaba
January 28th, 2014 - 01:54 GMT

Big spending, big troubles? UAE foreign assets plummet, new central bank data shows

Analysts expect a strong rebound in credit growth and improvement in asset quality and profitability among GCC banks (File Archive/Shutterstock)
January 28th, 2014 - 01:41 GMT

Why GCC banks are expecting high profits in 2014

Al Bawaba
January 28th, 2014 - 10:25 GMT

Emirates NBD extends support to Omega Dubai Desert Classic for 25th successive year

Al Bawaba
January 28th, 2014 - 10:11 GMT

alizz islamic bank accelerates innovation with Next-generation data centre platform from Oman data park

Despite the militant violence plaguing Iraq, the economy has managed to keep expanding on the back of oil output
January 28th, 2014 - 08:31 GMT

A smart way out of its troubles? Iraq plans state investment bank to push big infrastructure projects

Al Bawaba
January 28th, 2014 - 06:45 GMT

NBK Capital sponsors the 6th Annual CFA Charter Award Ceremony in Kuwait

For months the central bank has been under strong pressure from the government, itself caught in a swirl of internal pressures, not to raise interest rates to bolster the lira.
January 27th, 2014 - 07:15 GMT

Turkey rushes to rescue lira from freefall

This exceptional auction will help in depreciating the value of US dollar against the Egyptian pound, Fahmy added.
January 27th, 2014 - 04:42 GMT

Desperate times, desperate measures: Egypt's Central Bank holds exceptional $1.5billion auction to support banks

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