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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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Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
March 19th, 2017 - 06:00 GMT

Gulf Islamic banks set to outperform conventional banks for second year: Moody's

2Do is a web and mobile app designed to keep track of your commitments with action items.  (Shutterstock)
March 19th, 2017 - 05:58 GMT

Apps that help you add value to the workplace

The contracts have been included in the fiscal budget of 2017/2018 and are part of the integrated plan which involves 42 contracts. (Shutterstock/MikeDotta)
March 19th, 2017 - 05:11 GMT

Kuwait to award over $164M for infrastructure works

Government employees and public and private school teachers have routinely protested for increased benefits and full employment. (File photo)
March 16th, 2017 - 03:00 GMT

Lebanon considers salary hikes for teachers, government employees

Low prices of soft drinks and junk food have been blamed for rising rates of diabetes and obesity across the Gulf region.  (Shutterstock/Dmitrydesign)
March 16th, 2017 - 02:00 GMT

Will the UAE's sweet drinks and tobacco tax curb consumption?

The agreements between Saudi Arabia and China will cover a variety of issues, ranging from energy to space technology. (AFP/Lintao Zhang)
March 16th, 2017 - 12:53 GMT

King Salman visits China, signs deals worth $65B

Sultan Bin Sullaim
March 16th, 2017 - 12:03 GMT

Customs World inks cooperation agreement with Dominican Customs

Governments in the Middle East are committed to energy reforms and have implemented energy reducing tactics. (Shutterstock)
March 16th, 2017 - 12:00 GMT

MENA's renewable energy M&As on the rise: EY

During the event
March 16th, 2017 - 11:58 GMT

H.H. Sheikh Ahmed Bin Humaid Al Nuaimi visited the du stand at Ajman Career Fair

The convict was initially arrested by Dubai Police in August last year for sharing a Facebook post against his former employer Malabar Gold and Diamonds. (File photo)
March 16th, 2017 - 11:43 GMT

Indian man defames UAE employer on Facebook, gets deportation and $68,000 fines

ADNOC Distribution Collaborates with Ministry of Interior to Support GCC Traffic Week
March 16th, 2017 - 11:07 GMT

ADNOC Distribution collaborates with Ministry of Interior to support GCC Traffic Week

The new rules will allow schools to operate in their existing premises if they follow all safety and security procedures and have a plan to renovate and develop the rented buildings.  (File photo)
March 16th, 2017 - 11:00 GMT

Saudi Arabia u-turns on closing private schools amid backlash

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