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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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UAE was upgraded to an emerging market in 2013 and expects to see $8 billion investment inflows in 2014 (File Archive)
January 2nd, 2014 - 12:35 GMT

How UAE "stock(ed)" up its economy for 2014

The Islamic finance industry growth will go double digit in 2014. (Image credit: Shutterstock)
January 2nd, 2014 - 07:50 GMT

Islamic finance industry to grow to $2 trillion

The former head of defunct New York law firm Dewey & LeBoeuf has become the top legal adviser to the government of Ras al Khaimah, according to an internal government memo.
January 1st, 2014 - 05:12 GMT

Fresh with mismangement charges, ex-head of bankrupt US law firm becomes a UAE top legal advisor

Egypt's annual inflation rate increased to 12.9 percent in November (File Archive)
January 1st, 2014 - 05:00 GMT

What Egypt's 9 percent pound value plummet in 2013 means for 2014

Al Bawaba
December 30th, 2013 - 08:34 GMT

Gulf Bank closes during New Year Holiday

According to Fahmy, the government had to turn to cash in the banks as the country was in a critical situation and the banking sector could help.
December 29th, 2013 - 07:54 GMT

Banking on Egypt's future: why banks loans to the government are a secure investment

Al Bawaba
December 29th, 2013 - 09:04 GMT

ADIB shares its customer service expertise with Federal Electricity and Water Authority

Al Bawaba
December 29th, 2013 - 05:54 GMT

alizz islamic bank ends 2013 on a high note with win of ‘Most Innovative Islamic Bank Oman’ Award

Gulf Bank
December 29th, 2013 - 05:39 GMT

Gulf Bank announces the winners of the Al Danah daily draws for the week of December 15th to December 19th

Surprises aren't always pleasant, especially when they require digging into a nonexistent savings account.
December 29th, 2013 - 03:55 GMT

How to handle financial surprises without letting them destroy your budget

About 38 per cent of those who avoid full disclosure said their basic income is higher than their partner thinks it is, while a third (31 per cent) have received at least one bonus that their partner has no knowledge of.
December 29th, 2013 - 03:55 GMT

Keeping it modern: Dubai's couples hide salary, savings, and even their ferraris, from each other


But Gulf stocks are no longer as cheap as they were relative to the rest of the world, and some economic shifts may not be ideal for markets.
December 26th, 2013 - 03:10 GMT

Bullish growth projected for GCC stocks in 2014

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