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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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There are certain neighborhoods in Dubai in which you can rent out apartments without having to burn a hole in your pocket. (Shutterstock)
March 23rd, 2017 - 02:17 GMT

From Al Nahda to Dubai Silicon Oasis: 5 apartments that cost less than Dh4,000 a month

Along with drivers, now even passengers will face fines for failing to wear seat belts. (Shutterstock)
March 23rd, 2017 - 01:58 GMT

Fasten your seatbelt: UAE has new traffic rules, serious fines for violators

Ooredoo’s Corporate Communications Senior Director Mijbil Alayoub
March 23rd, 2017 - 12:09 GMT

Ooredoo celebrates Mother’s Day with Carriage

The college of dentistry at University of Dammam. (University of Dammam)
March 23rd, 2017 - 11:39 GMT

Girl power in Saudi Arabia: University of Dammam appoints its first female dean

ADNOC Distribution
March 23rd, 2017 - 11:21 GMT

ADNOC Distribution opens Gutouf Service Station in Al Rahba Area of Abu Dhabi

PricewaterhouseCoopers
March 23rd, 2017 - 11:10 GMT

PwC reaffirms the role of emerging markets in driving global economic growth

Saudi Aramco's IPO is scheduled in the second half of 2018. (AFP/Fayez Nureldine)
March 23rd, 2017 - 11:03 GMT

Saudi Aramco chooses Islamic bonds in the run-up to its much-anticipated IPO

Fahad AlHassawi, Chief Commercial Officer, du
March 23rd, 2017 - 10:42 GMT

du announces new HD DTH Platform on 7W at CABSAT 2017

During the event
March 23rd, 2017 - 10:31 GMT

Ras Al Khaimah Chamber launches 14 Happiness and Positivity initiatives

The banned Middle East carriers include Emirates, Etihad Airways, Qatar Airways, Royal Jordanian, Saudi Airlines, and Turkish Airlines. (File photo)
March 23rd, 2017 - 10:14 GMT

US electronics ban: A valid security measure or anti-competitive practice?

During the event
March 23rd, 2017 - 10:07 GMT

VAT and GCC regulatory tax reform at Deloitte’s 10th annual Middle East Tax Conference

During the event
March 23rd, 2017 - 09:56 GMT

Burgan Bank honors Kuwait Fire Service Directorate for their safety training and support

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