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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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Face-to-face interaction yields much better results than an email request, according to a new study. (File photo)
May 17th, 2017 - 01:00 GMT

Face-to-Face Requests More Successful Than Email: Study

US President Donald Trump and his wife Melania step off a plane upon arrival at Andrews Air Force Base in Maryland on January 19, 2017. (AFP/ Mandel Ngan)
May 17th, 2017 - 12:32 GMT

Saudi Arabia to Sign At Least 10 Oil Deals With US During Trump's Visit: Aramco

A Chinese traditional dance troupe performs at the inauguration ceremony of the Yanbu Aramco Sinopec Refining Company Project in Riyadh on January 20, 2016. (AFP/ Fayez Nureldine)
May 17th, 2017 - 12:00 GMT

Saudi Arabia, China Ink $10-Billion Oil Refinery Deal

The number of Qataris employed by the country’s energy and industry sector has tripled from 2,900 to 9,300 in 16 years, but challenges remain. (AFP)
May 17th, 2017 - 11:30 GMT

Qatarization Will Never Thrive If Qataris Refuse to Work as Technicians: Energy Minister

Emaar Properties chairman Mohamed Alabbar has announced that his e-commerce platform, noon, will go live this year and will be based in Saudi Arabia. (File photo)
May 17th, 2017 - 11:00 GMT

Noon Is Moving to Saudi Arabia: Alabbar

Excom-Y, a dynamic team of Millennials who will mirror its Executive Committee
May 17th, 2017 - 10:50 GMT

Mövenpick Hotels & Resorts creates Excom-Y, a dynamic team of Millennials who will mirror its Executive Committee

The surprise strike by maintenance workers of Air Algérie left hundreds of passengers stranded in Houari Boumediene airport in Algiers on Tuesday. (Twitter)
May 17th, 2017 - 10:00 GMT

Air Algérie Strike Leaves Hundreds of Passengers Stranded in Algiers

Cut Out Body Con Dress
May 17th, 2017 - 09:54 GMT

REDTAG releases its limited edition Ramadan collection for the perfect chic yet modest looks

David N. Farr, chairman and chief executive officer of Emerson
May 17th, 2017 - 09:45 GMT

Emerson completes Pentair Valves & Controls acquisition

Arab Islamic American Summit
May 17th, 2017 - 09:31 GMT

STC launches app for historic Arab-US summit

The new CEO of Kuwait Airways, Ebrahim Abdullah Al-Khuzam, assumed his role on May 4, 2017, following the resignation of Rasha Al-Roumi.
May 17th, 2017 - 09:14 GMT

Kuwait Airways Appoints New CEO

CommVault
May 17th, 2017 - 09:00 GMT

Commvault launches powerful new VM Backup and Recovery trial software for customers and partners

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