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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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Landlords quote lower amount in rental pacts with municipality to pocket additional money. (Shutterstock)
January 31st, 2019 - 09:17 GMT

The Catch Behind OMR1 Rents in Oman

The International Monetary Fund's managing director Christine Lagarde said that Egypt has made substantial progress as evident in the success achieved in macroeconomic stabilisation. (AFP)
January 31st, 2019 - 09:15 GMT

Egypt on Right Track With Its Ongoing Economic Reform Programme: IMF

Dubai Investments Park is a unique, self-contained mixed-use industrial, commercial and residential development operated by Dubai Investments Park Development Company LLC.
January 31st, 2019 - 09:14 GMT

Dubai Investments Park Development Company LLC Signs $300 Million Bilateral Term Loan Facility With Emirates NBD Bank PJSC

Fuel prices had declined in January as well. (Shutterstock)
January 31st, 2019 - 09:13 GMT

UAE to Reduce Fuel Retail Prices for February 2019

Egypt’s total budget deficit declined to 3.6 percent of GDP in the first half of the 2018/2019 fiscal year. (Shutterstock)
January 31st, 2019 - 09:12 GMT

Egypt Achieves Primary Budget Surplus of EGP21 Billion

“Support the resistance financially through the Bitcoin currency,” Hamas said, adding the exact mechanism would be announced later. (Shutterstock)
January 31st, 2019 - 09:11 GMT

Hamas Asks Supporters to Send Funds via Bitcoin

During the event
January 31st, 2019 - 09:08 GMT

Rixos Bab Al Bahr Participates in Spain’s Largest Tourism Expo in Madrid, FITUR

The sales prices are expected to remain under pressure in the foreseeable future. (Shutterstock)
January 31st, 2019 - 09:08 GMT

This Is How to Nail the Best Real Estate Deals in Dubai

The pilot project is aimed at studying the practical application of modern technologies. (Shutterstock)
January 31st, 2019 - 09:05 GMT

UAE, Saudi Digital Currency to Be Restricted to a Limited Number of Banks

SophosLabs reverse engineered the evolving code and techniques employed by the attackers, as well as the methods and ransom notes used to attempt to extract money from victims.
January 31st, 2019 - 08:54 GMT

Matrix Deconstructed: The Trend for Targeted Ransomware Continues

Jumeirah Vittaveli
January 31st, 2019 - 08:36 GMT

Eat, Stay, Love With Jumeirah Hotels and Resorts

Etihad Museum
January 31st, 2019 - 08:22 GMT

Dubai Culture & Institut Français in the United Arab Emirates to Organise the‘Night of Ideas’at Etihad Museum

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