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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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Souq.com's CEO Ronald Mouchawar declined to give price details of the Amazon deal, which is estimated to be worth $580m to $750m. (File photo)
March 29th, 2017 - 12:01 GMT

Souq.com's CEO to maintain position in company following Amazon deal: Sources

The adventurous investor is the most likely to make moves that require a leap of faith. (Pexels)
March 29th, 2017 - 11:54 GMT

What type of investor are you?

During the event
March 29th, 2017 - 11:47 GMT

MoF organises workshop on best practices in budget transparency

Abu Dhabi National Oil Company
March 29th, 2017 - 11:38 GMT

ADNOC Distribution opens Al Ramla ADNOC Xpress station in Shakhbout City

The report covers the largest banks in Bahrain, Kuwait, Qatar, Oman, Saudi Arabia, and the UAE. (File photo)
March 29th, 2017 - 11:13 GMT

GCC banks see decline in profits for first time since 2008: Report

AltaLink
March 29th, 2017 - 10:40 GMT

Largest product launch in Xerox history delivers new technology to transform the workplace

Slashed prices from Japan at Nissan Showrooms
March 29th, 2017 - 10:36 GMT

Slashed prices from Japan at Nissan Showrooms

Saudia is offering 20MB free internet service on board its flights to the US and the UK. (AlBawaba)
March 29th, 2017 - 10:35 GMT

Saudia gives free internet to passengers traveling to US, UK

During the event
March 29th, 2017 - 10:31 GMT

Etihad Aviation Group and Abu Dhabi Tourism & Culture Authority enter new chapter by launching “Let’s Read with the Captain” initiative

Hamad Medical Corporation
March 29th, 2017 - 10:21 GMT

HMC announces two important keynote speakers at the fifth middle east forum on quality and safety in healthcare

The project aims to reduce electricity costs by generating electricity from solar energy. (AFP/File)
March 29th, 2017 - 10:20 GMT

Jordan, Germany sign $47.5M solar energy deal for Syrian refugees

Bank Nizwa  - 4th AGEB
March 29th, 2017 - 10:15 GMT

Bank Nizwa joins regional experts during 4th Governance and Ethics Board Conference

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