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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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The ministry of labor wants to train 50 percent of Saudis working in the non-profit sector by 2020. (Shutterstock)
March 16th, 2017 - 10:21 GMT

Saudi labor ministry to add 60,000 non-profit jobs by 2020

 IATA expects 2017 to see a further decline in profitability. (File photo)
March 16th, 2017 - 10:00 GMT

Protectionist rhetoric will hurt GCC aviation sector: IATA

During the event
March 16th, 2017 - 09:35 GMT

Samsung introduces new lifestyle TVs at global launch event in Paris

During the event
March 16th, 2017 - 09:16 GMT

Air Arabia inaugural Baku flight takes off

Monther Al Mamari, Ooredoo’s Business Product Management Director
March 16th, 2017 - 09:08 GMT

Ooredoo provides mobile communication and connectivity solution for Dalma Energy Rigs across the Sultanate

The drop in the price of oil has caused large-scale damage to the economies of the region. (File photo)
March 16th, 2017 - 08:58 GMT

Drop in MENA banks' liquidity expected in 2017: World Union of Arab Bankers

During the event
March 16th, 2017 - 08:38 GMT

Microsoft teams rolls out to Office 365 customers worldwide

HE Sheikh Ali bin Jassim bin Mohammad Al Thani, Chairman of Milaha’s Board of Directors
March 16th, 2017 - 08:13 GMT

Milaha holds annual General meeting

LG steals the spotlight with record number of 2017 if Design Awards
March 16th, 2017 - 07:32 GMT

LG steals the spotlight with record number of 2017 if Design Awards

Saeed Al Nabouda, Acting Director General at Dubai Culture & Arts Authority
March 16th, 2017 - 07:21 GMT

Dubai Culture announces partnership with Christie’s Auction House

During the event
March 16th, 2017 - 07:19 GMT

Why live in a ‘normal’ home when you can live in a smart home? Upgrade your home with du Smart Home

US and Saudi officials intend to consult on additional steps to deepen commercial ties and promote investment, and to expand cooperation in the energy sector. (AFP/Nicholas Kamm)
March 16th, 2017 - 07:00 GMT

Saudi Deputy Crown Prince, Trump discuss $200B joint investment program

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