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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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Bader Alamoudi has been named chief executive of JP Morgan’s Saudi Arabian business, the statement said.
December 23rd, 2013 - 03:55 GMT

JP Morgan Saudi Arabia promotes two new top bankers


"We encourage citizens to take part in this investment and also to await other opportunities in the pipeline," he said.
December 23rd, 2013 - 03:55 GMT

Qatar to place $13.7 billion worth of public offerings on the table over the next 10 years

I believe Japan will be the best performing developed market in 2014, as it was in 2013.
December 22nd, 2013 - 05:44 GMT

Where should you be putting your money in 2014?

First Gulf Bank
December 22nd, 2013 - 08:32 GMT

First Gulf Bank launches iSave Online Account

Al Bawaba
December 22nd, 2013 - 08:14 GMT

United Arab Bank signs US$250 million syndicated loan agreement

During the event
December 22nd, 2013 - 07:57 GMT

Emirates Islamic announces lucky winners of Kunooz prize draw

Jordan Ahli Bank Haretna Festival
December 22nd, 2013 - 07:17 GMT

Jordan Ahli Bank sponsors Haretna Festival

Al Bawaba
December 22nd, 2013 - 07:02 GMT

Al Ansari Exchange donates AED 1 million to “Our Hearts with the People of Syria” campaign

The sheer volume of consumer loans is a real cause for concern because it indicates the absence of logic on the part of borrowers.
December 22nd, 2013 - 03:55 GMT

Saudi Arabia's consumer loans hit 'worrying' levels

Fitch ranked Saudi Arabia, UAE and Kuwait as the most stable banking environments in the GCC (Courtesy of The Telegraph)
December 19th, 2013 - 12:05 GMT

Fitch on GCC banks: bright outlook for 2014

Kuwait's crude oil sales could generate a budget surplus for the Gulf country estimated at $42.4 billion (File Archive/Shutterstock)
December 19th, 2013 - 10:57 GMT

Need an extra $42.4 billion? For this Gulf country, this surplus is a real possibility in 2014

Bernard Shum, the Head of Corporate and Institutional Banking of NBAD in Hong Kong
December 19th, 2013 - 07:56 GMT

NBAD appoints Head of Corporate & Institutional Banking in Hong Kong

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