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Banking and Finance

Banking and Finance latest

Sharjah Islamic Bank Reports Net Profit of AED 804 Million, Up 15.3%, for the first half of 2026 while Strengthening its Capital Base
July 13th, 2026 - 08:24 GMT

Sharjah Islamic Bank Reports Net Profit of AED 804 Million, Up 15.3%, for the first half of 2026 while Strengthening its Capital Base

Sharjah Islamic Bank (SIB) continued to deliver strong financial and operational performance during the first half of 2026, supported by balanced growth across its core business activities, successful revenue diversification, enhanced operating efficiency, and a strengthened capital base that supports the execution of its expansion strategy and reinforces its ability to sustain long-term growth. Net profit after tax reached AED 803.9 million for the first half of 2026, compared to AED 697.2 million during the corresponding period of 2025, representing a growth of 15.3%. This performance reflects the strength of ...
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First Abu Dhabi Bank Becomes First MENA Bank to Join CIPS as Direct Participant, Strengthening Its Regional Cash Management and Clearing Capabilities
June 20th, 2025 - 06:16 GMT

First Abu Dhabi Bank Becomes First MENA Bank to Join CIPS as Direct Participant, Strengthening Its Regional Cash Management and Clearing Capabilities

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa
June 20th, 2025 - 05:39 GMT

Visa appoints Tareq Muhmood as Regional President for Central and Eastern Europe, Middle East and Africa

Global investors explore deeper diversification in Saudi Arabia as tariff uncertainty persists
June 20th, 2025 - 04:28 GMT

Global investors explore deeper diversification in Saudi Arabia as tariff uncertainty persists

Mastercard and enza collaborate to enable fintech innovation across Africa
June 19th, 2025 - 06:40 GMT

Mastercard and enza collaborate to enable fintech innovation across Africa

Farzad Billimoria to join Barclays as Head of Private Bank for the UAE
June 19th, 2025 - 04:50 GMT

Farzad Billimoria to join Barclays as Head of Private Bank for the UAE

ADIB Participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation
June 19th, 2025 - 04:39 GMT

ADIB Participates in the “Midday Break” initiative in collaboration with the Ministry of Human Resources and Emiratisation

Mashreq Sets Regional Benchmark with SAP Fieldglass, Becoming First in GCC to Launch Full Suite, Completed in Record Time
June 18th, 2025 - 09:04 GMT

Mashreq Sets Regional Benchmark with SAP Fieldglass, Becoming First in GCC to Launch Full Suite, Completed in Record Time

KIB Group, represented by KIB Invest, serves as Joint Lead Manager in Boubyan Bank’s USD3 billion sukuk issuance
June 18th, 2025 - 04:50 GMT

KIB Group, represented by KIB Invest, serves as Joint Lead Manager in Boubyan Bank’s USD3 billion sukuk issuance

Arab Bank “Best Bank in the Middle East 2025”
June 17th, 2025 - 10:50 GMT

Arab Bank “Best Bank in the Middle East 2025”

Al Ramz Appointed as Liquidity Provider to ADNOC DISTRIBUTION
June 17th, 2025 - 10:40 GMT

Al Ramz Appointed as Liquidity Provider to ADNOC DISTRIBUTION

Investment opportunities at the core of Boursa Kuwait’s participation in HSBC’s fourth GCC Exchanges Conference in London
June 17th, 2025 - 08:16 GMT

Investment opportunities at the core of Boursa Kuwait’s participation in HSBC’s fourth GCC Exchanges Conference in London

Alkhabeer Capital Becomes the First Financial Institution to Adopt Wamid’s Co-Location Hosting Service
June 17th, 2025 - 08:14 GMT

Alkhabeer Capital Becomes the First Financial Institution to Adopt Wamid’s Co-Location Hosting Service

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