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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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Arif Usmani, ADIB’s Global Head of  Wholesale Banking Business
December 16th, 2013 - 08:42 GMT

ADIB signs Memorandum of Understand to support Korean construction firms operating in Middle East

Farhad Irani Head of Retail Banking at Mashreq while receiving the award in London
December 16th, 2013 - 06:49 GMT

Mashreq achieves global recognition as the Best Banking Group in the UAE

NBK is the only Kuwaiti and the only Arab bank to take part in this consortium.
December 16th, 2013 - 03:55 GMT

After a long, long delay, NBK to finance Kuwait's first public private partnership ever!

During the signing
December 16th, 2013 - 03:55 GMT

Emirates NBD signs MoU with Construction Guarantee to expand contracting facilities to South Korean companies in GCC

Al Bawaba
December 15th, 2013 - 10:40 GMT

Al Ramz authorized to perform Direct Market Access with Dubai Financial Market

Al Bawaba
December 15th, 2013 - 05:07 GMT

NBK in consortium of international banks to arrange USD 1.43 billion financing for Az-Zour North Project in Kuwait

David Marshall, Senior Executive Officer, Emirates NBD Asset Management
December 15th, 2013 - 04:55 GMT

Emirates NBD Asset Management named ‘UAE Asset Manager of the Year’ for second year in succession

"Bloomberg" cites a source close to the matter as saying that Obama has already offered the job to Fischer who accepted it.
December 12th, 2013 - 02:17 GMT

Israel does control the US economy afterall? The Bank of Israel's former governor is about to lead the US Fed

During the event
December 12th, 2013 - 08:09 GMT

CIMA signs MoU with CORE for a fasttrack career in finance

There continues to be a growing corporate appetite in M&A activity in MENA. (Image credit: Shutterstock)
December 12th, 2013 - 07:26 GMT

Domestic deals drive 76% growth in MENA M&A activity

alizz islamic bank
December 12th, 2013 - 04:19 GMT

alizz islamic bank launches the first fully Shari'a compliant premium MasterCard credit cards in Oman

Al Bawaba
December 12th, 2013 - 03:55 GMT

Breaking the ice: Iran establishes task force to reclaim frozen assets

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