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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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US Fed officials indicated in December that three rate hikes would be likely for 2017. (Shutterstock)
March 19th, 2017 - 09:09 GMT

US Fed rate hike: How will it affect you?

Traders across Lebanon increased their prices although the debate over the new taxes has not been concluded yet. (File photo)
March 19th, 2017 - 09:00 GMT

Lebanon: Merchants hike prices ahead of new taxes

Hamad Medical Corporation
March 19th, 2017 - 08:36 GMT

HMC to promote the importance of safe driving practices during 33rd GCC Traffic Week

During the event
March 19th, 2017 - 08:11 GMT

ADNOC Distribution awards grand prizes of ‘Oasis of Surprises’ promotional campaign

Sources say it would take at least three years for enough private hospitals to open in the country for expats to be barred for public facilities. (Shutterstock)
March 19th, 2017 - 08:00 GMT

Kuwait's lawmakers put the squeeze on expat healthcare

Chef Giorgio Diana
March 19th, 2017 - 07:56 GMT

Chef Giorgio Diana brings a touch of Michelin Magic to L’Olivo Ristorante at Rixos the Palm Dubai

During the event
March 19th, 2017 - 07:41 GMT

Doha Bank illustrates strong reputation with awards at EMEA Finance Middle East Banking Awards 2017

During the event
March 19th, 2017 - 07:36 GMT

DIP hosts seminar on fire safety training by Dubai Civil Defence

DSOA headquarter building
March 19th, 2017 - 07:25 GMT

Dubai Silicon Oasis to attract German Businesses at CeBIT 2017 in Hannover

During the event
March 19th, 2017 - 07:24 GMT

Awqaf and Minors Affairs Foundation to highlight achievements of salma Humanitarian Relief Program at DIHAD 2017

Land Rover’s All-New Discovery
March 19th, 2017 - 07:18 GMT

World’s Best Family SUV – the All-New Land Rover Discovery makes its debut in the United Arab Emirates

CMA will take part in the eleventh meeting of the Arab Securities Commissions Association to be held in Tunisia.  (Shutterstock)
March 19th, 2017 - 07:00 GMT

CMA signs MoU with Capital Markets Authority of Lebanon for increased cooperation

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