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BUSINESS

BUSINESS latest

Sharjah Islamic Bank Reports Net Profit of AED 381 Million, Up 19.4% in Q1 2026
April 13th, 2026 - 11:44 GMT

Sharjah Islamic Bank Reports Net Profit of AED 381 Million, Up 19.4% in Q1 2026

Sharjah Islamic Bank (SIB) delivered an exceptional financial and operational performance across all business segments during the first quarter of 2026. Net profit after tax reached AED 380.7 million, representing an increase of 19.4% compared to AED 318.9 million for the same period in 2025. Income from investments in Islamic financing and Sukuk grew by AED 131.8 million, or 14.4%, to reach approximately AED 1.05 billion by the end of the first quarter of 2026, compared to AED 914.3 million during the same period in 2025. Meanwhile, total profit distributions ...
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The economy in Lebanon is growing slowly at a rate of 2 to 2-1/2 percent. (Shutterstock)
May 6th, 2018 - 10:11 GMT

Lebanon Must Counter 'Unsustainable' Fiscal Deficit: IMF

Rana Khadra, Colour and Creative Manager, Jotun, Middle East, India and Africa
May 6th, 2018 - 10:00 GMT

Jotun: Painting Your Walls Is Now a Tap Away

Majid Saif Al Ghurair, Chairman of Dubai Chamber
May 6th, 2018 - 09:50 GMT

Dubai Chamber-Led Trade Delegation to Visit the Baltic States

Impeccably decorated and elegantly furnished setting giving the luxurious feels of Ramadan, Seven Height and Lalezar Restaurant are serving an Iftar buffet from sunset to 10:30 pm.
May 6th, 2018 - 09:42 GMT

Experience Irresistible Ramadan Offers at Rixos Bab Al Bahr

The 5-star property is offering a delicious Suhoor and an Iftar buffet at Metro Restaurant.
May 6th, 2018 - 09:40 GMT

Celebrate an Exciting Ramadan at Millennium Plaza Dubai

Samsung is introducing its full built-in product lineup at EuroCucina, and among the range of unparalleled kitchen solutions is the brand new Dual Cook Flex™ oven.
May 6th, 2018 - 09:36 GMT

Samsung Showcases Its Latest Innovative Appliances at Eurocucina 2018

The Dubai-based multi-diversified conglomerate is behind NOMAD, a highly ambitious one million square foot entrepreneur and media hub.
May 6th, 2018 - 09:31 GMT

Al Ahli Holding Group to Develop the World’s Largest Entrepreneurial and Media Hub, Nomad

The Ford Motor Company Fund invests about one third of the funds in support of education, including scholarships and programmes that help schools offer students new approaches to learning.
May 6th, 2018 - 09:18 GMT

Ford and the Higher Colleges of Technology Accelerate Henry Ford Entrepreneurship Academy

Leopold’s of London offers guests a three-course set of sumptuous traditional Middle Eastern specialties priced at AED 89 per person.
May 6th, 2018 - 09:17 GMT

Leopold’s of London Welcomes the Holy Month with Irresistible Ramadan Offers

Gold jewellery demand in the GCC slumped in the first quarter. (Shutterstock)
May 6th, 2018 - 09:12 GMT

What's Wrong With Gold in the GCC?

Empower has been providing district cooling services to Dubai's projects and tourists destinations.
May 6th, 2018 - 09:03 GMT

Empower Supplies Dubai Arena With 3,600 Tonnes of Cooling

For Saudi Arabia, the largest economy among the GCC member-countries, 2017 was widely considered to be a year of recovery and consolidation for its banking industry.
May 6th, 2018 - 08:55 GMT

KPMG: Listed Saudi Banks See 8.7 Percent Rise in Net Profit in 2017

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