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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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Chairman of the Bank, His Excellency Mr. Jammaz bin Abdullah Al-Suhaimi
May 11th, 2017 - 05:43 GMT

GIB is granted approval to become a local bank in Saudi Arabia

World Hand Hygiene Day, observed every 5 May, is a global campaign declared by the World Health Organization (WHO) to promote good hand hygiene practices among individuals working in healthcare.
May 11th, 2017 - 05:39 GMT

HMC celebrates World Hand Hygiene Day

A Libyan security member walks past an oil drill on the Al-Ghani oil field near the city of Waddan on March 23, 2013. (AFP)
May 10th, 2017 - 09:00 GMT

Libya Has Potential to Produce 1 Million Oil Barrels Per Day, But It Can't: Here's Why

Donald Trump golfing. (AFP/ Andy Buchanan)
May 10th, 2017 - 08:00 GMT

Trump 'The Golfer' Will Be Happy: Dubai Launches Website for Golf Tourism

The Emir of Kuwait Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah and Turkish President Recep Tayyip Erdogan lay the foundation stone for construction of the new terminal at Kuwait International Airport in Kuwait City on May 9, 2017. (AFP)
May 10th, 2017 - 07:00 GMT

Erdogan in GCC: Turkey Wants Stronger Economic Ties With Gulf Countries

The World Bank confirmed that the third tranche of its loan to Egypt, worth about one billion dollars, is due in December 2017. (AFP/ Filippo Monteforte)
May 10th, 2017 - 06:00 GMT

Forever Indebted: Egypt Will Take Another $1-Billion Loan from World Bank in December

Under the new agreement, UPS will provide more than 27,000 square meters of warehouse space, equivalent to four soccer fields, and a team of 1,000 employees. (Facebook)
May 10th, 2017 - 05:00 GMT

UPS Becomes Official Logistics Partner of Dubai Expo 2020

Tourists stand inside the Armenian Cathedral in Isfahan on October 15, 2014. The Cathedral, also known as the Church of the Saintly Sisters, was built in 1664. (Shutterstock)
May 10th, 2017 - 04:00 GMT

Tourists Flock to Iran, the 'Jewel of the World'

Tunisia's new e-Visa system is planned for late 2017, or early 2018. (File photo)
May 10th, 2017 - 01:00 GMT

Tunisia e-Visa to Start in Late 2017: Tourism Minister

Last year, a jobless Saudi dentist filmed himself burning his dentistry certificate outside the Civil Service Ministry building in Hafr Al-Batin city because he could not find a job. (Twitter)
May 10th, 2017 - 12:00 GMT

Saudization Update: Saudi Arabia No Longer Recruiting Dentists From Abroad

Only 43 percent of Emiratis are resolutely looking at job opportunities in the public sector, which is a significant change from last year’s survey results that recorded an 80 percent preference of UAE nationals for government jobs. (AFP/ Karim Sahib)
May 10th, 2017 - 11:00 GMT

Surprise, Surprise: 60 Percent of Emiratis Prefer to Work in Private Sector

The new credit cards are being launched as part of the bank's commitment to continuously provide flexible, Shari’a compliant financing solutions which address specific needs and provide enhanced benefits for customers, said a statement from the bank. (File photo)
May 10th, 2017 - 10:53 GMT

Al Baraka launches first-ever Islamic credit cards

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