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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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Donald Trump and King Salman during a signing ceremony at the Saudi Royal Court in Riyadh on Saturday May 20, 2017. (AFP)
May 21st, 2017 - 05:00 GMT

US, Saudi Arabia Seal $110-Billion Arms Deal on Trump's Visit

A new research has revealed that users in the MENA region spend an extra 57.6 million hours on Facebook during Ramadan. (Shutterstock)
May 18th, 2017 - 04:45 GMT

Weekly Business Roundup: Donald Trump in Saudi Arabia, Facebook Abuse in Ramadan and 5 Stories You Probably Missed

Financial problems, mainly liquidity and debt, are the main reasons for the closure of 249 companies in Tunisia between 2005 and 2015, according to a study. (Shutterstock)
May 18th, 2017 - 02:55 GMT

Lack of Liquidity, Debt Main Reasons for Company Closures in Tunisia

HTC U11 is a phone like no other, and not just because it is squeezable. (Pixabay)
May 18th, 2017 - 02:36 GMT

If There's an HTC U11 Video You Should Watch, Let It Be This One

Bill Gates. (AFP/ Pascal Guyot)
May 18th, 2017 - 02:11 GMT

'The World Is Getting Better': Bill Gates Tweets Optimistic Advice for New Grads

The highest number of work injuries recorded last year in Saudi Arabia were of workers falling off high platforms at construction sites. (Pixabay)
May 18th, 2017 - 02:01 GMT

Work Injuries Cost Saudi Arabia $98.6 Million a Year

King Salman's freeze on perks and allowances encouraged many Saudi civil servants and their families to reduce spending to adjust with the falling revenue. (File photo)
May 18th, 2017 - 01:51 GMT

King Salman's Perk Freeze Taught Saudis a Lesson in Money Management

US President Donald Trump will leave for Saudi Arabia on Friday on his first foreign visit as president. (Photos: AFP)
May 18th, 2017 - 01:30 GMT

Trump Leaves for Saudi Arabia Tomorrow: Here's His Full Agenda

According to officials, the presence of illegal workers in the country is a security, economic, social and health risk for Saudi Arabia. (AFP/ File)
May 18th, 2017 - 12:24 GMT

Saudi Arabia Is Offering a $13,300 Reward for Reporting Illegal Expats

DuPont
May 18th, 2017 - 10:58 GMT

Reebok "Growing" plant-based footwear

Governor of Riyadh and Chairman of Al Jazirah Vehicles Agencies during the inaugural ceremony.
May 18th, 2017 - 10:44 GMT

World’s largest Ford’s dealer showroom unveiled in Riyadh

IMG Model and star of the inaugural episode of Model Diaries, Georgia Fowler, flanked by Etihad Airways cabin crew at the Etihad Atelier at Mercedes-Benz Fashion Week Australia in Sydney.
May 18th, 2017 - 10:33 GMT

Etihad Airways and Ellery celebrated 10-year milestones at Mercedes-Benz fashion week Australia

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