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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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For the first time since the civil war began, the Syrian Pound has made gains against the US Dollar. (Image credit: Shutterstock)
November 6th, 2013 - 05:57 GMT

Why the Syrian Pound surged against the US Dollar last week

Qatar's Ministry of Finance hopes the new borrowing rules will prevent spending splurges that could lead to a nationwide economic crisis similar to Dubai's 2009-2010 crash (Courtesy of Global Arab Network)
November 5th, 2013 - 03:01 GMT

Attention all Qatari companies with 'significant' government shareholdings: these new borrowing rules are for you

mprovements are driven by the development of Qatar’s infrastructure, increased availability of financing, as well as further improvements in its already strong policies on tax and trade (Pictured: Doha City)
November 5th, 2013 - 02:54 GMT

With no common GCC currency in sight, Qatar ‘set to keep’ peg with dollar

Al Bawaba
November 5th, 2013 - 08:52 GMT

First Gulf Bank lucky customer wins AED 1 Million

Al Bawaba
November 5th, 2013 - 07:24 GMT

ADIB launches capital-protected silver notes

The economic climate and investor sentiment has improved in the GCC. (Image credit: Getty)
November 5th, 2013 - 06:47 GMT

In sharp turnaround, Dubai Financial Market reports impressive profit for Q3 2013

Morsi and 14 other senior Islamists and Muslim Brotherhood figures are standing trial on charges of inciting violence and murder at the Ittihadiya presidential palace clashes in December 2012.
November 5th, 2013 - 04:55 GMT

Egypt's stock market upbeat despite Morsi Trial

UAE's Central Bank is imposing the new bank exposure rules in December in order to ensure that the country avoids future corporate debt crises similar to Dubai's most recent economic meltdown (Courtesy of the Business Recorder)
November 4th, 2013 - 11:14 GMT

New UAE bank exposure rules scheduled to take effect in December

Emirates Islamic Bank
November 4th, 2013 - 08:22 GMT

Emirates Islamic Bank launches GCC currencies remittance campaign

Before the growth of the SADAD system, many individuals paid a huge percentage of their bills in cash at bank branches. The electronic billing system has cut down the government's losses from using a manual, cash-based system (Courtesy of Saudi Lifestyle)
November 4th, 2013 - 07:32 GMT

Saudi Arabia's electronic bill payment system SADAD ranked second largest globally

Doha Bank office inauguration, Hong Kong
November 4th, 2013 - 04:38 GMT

Doha Bank opens its first representative office in Hong Kong

DI owns around 40 subsidiaries and joint ventures encompassing a diverse range of sectors.
November 3rd, 2013 - 01:32 GMT

Talk about smashing profits, Dubai Investments reports 98% increase in Q3 profit

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