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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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Only residents with alcohol licenses are allowed to make purchases at the shop, with each given a monthly allowance calculated based on their wages. (File photo)
March 27th, 2017 - 05:00 GMT

Qatar Distribution Company urges consumers to buy alcohol ahead of new tax

Major terror attacks have had variable degrees of impact on stock markets worldwide. (File photo)
March 26th, 2017 - 06:00 GMT

Stock markets suffer fluctuations after London terrorist attack: Analysts

Real estate remains a major pillar of Lebanon’s economy. (File photo)
March 26th, 2017 - 05:00 GMT

Real estate market in Lebanon growing slowly, but steadily: Report

The UAE has taken precautionary measures on imported food products from Brazil. (Shutterstock)
March 26th, 2017 - 04:00 GMT

Meat prices in UAE to go up after Brazilian meat ban

The Apple Watch. (Pexels)
March 26th, 2017 - 03:46 GMT

No more distracted driving with this exciting new Apple Watch feature

Millions of dirhams have been spent by UAE businessmen purchasing licence plates in auctions. (File photo)
March 26th, 2017 - 03:34 GMT

The psychology behind the license plate craze in the UAE

Step #3: Try to schedule the tasks that need concentrations when your office is quiet. (Pexels)
March 26th, 2017 - 03:14 GMT

6 proven ways to stay focused in a busy office

Quriyat, Oman. (Shutterstock)
March 26th, 2017 - 03:00 GMT

Oman plans multimillion-dollar tourism complex in coastal city

Al-Abdali area in Amman. (Shutterstock)
March 26th, 2017 - 01:59 GMT

Amman most expensive city in the Arab world: Report

Doha, Qatar. (File photo)
March 26th, 2017 - 01:08 GMT

New GCC VAT will have minimal effect on inflation: Report

Emaar Malls is the shopping center unit of Dubai’s biggest publicly traded property developer. (File photo)
March 26th, 2017 - 12:30 GMT

Dubai’s Emaar Malls announced its bid for Souq.com and Amazon is not going to like it

Bank Nizwa
March 26th, 2017 - 11:58 GMT

Bank Nizwa marks Annual General Meeting with first profit milestone

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