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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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European-backed system to facilitate non-dollar trade with Iran is aimed at circumventing US sanctions. (Shutterstock)
January 24th, 2019 - 09:00 GMT

EU to Launch New Trade Mechanism With Iran to Bypass US Sanctions

Iran and Iraq are keen on bolstering their bilateral trade that stands at nearly $11 billion. (Shutterstock)
January 24th, 2019 - 08:53 GMT

New Border Crossing Between Iran, Iraq to Facilitate Trade

Dubai will source eight per cent or at least 1000 megawatts of its over-all power requirements from renewable energy sources by next year. (Shutterstock)
January 24th, 2019 - 08:48 GMT

Renewable Energy to Produce 8 Percent of Dubai's Power

Boeing 777X.
January 24th, 2019 - 08:40 GMT

Boeing Unveils New 777X Airplane Cabin

The oil was discovered at a depth of 3,770 meters and has an API gravity of 40 which is “very light and sweet. (Shutterstock)
January 24th, 2019 - 08:37 GMT

New Oil Discovery in Iran

Emaar, Dubai Multi Commodities Centre launch 200 units in Dubai Hills Estate. (Shutterstock)
January 24th, 2019 - 08:07 GMT

Buy a House in Dubai and Get a Free Trade License

Some $30 billion to $50 billion inflows are expected into the Kingdom’s stock market due to its inclusion in major global benchmarks. (AFP)
January 24th, 2019 - 08:00 GMT

Up to $50 Billion Inflows Projected Into Saudi Stock Market

Monitor Deloitte presents three “ambition levels” for evaluating a company’s commitment to innovation: core, adjacent, and transformational.
January 24th, 2019 - 07:41 GMT

Building a Framework for Innovation in the Retail Power Sector: Deloitte Report

The draw was conducted at the bank's headquarters in Bahrain World Trade Center.
January 24th, 2019 - 07:22 GMT

Kuwait Finance House – Bahrain Announces December Winners of 'Shop and Win' Campaign

Along with Dubai at number 9, two other Gulf cities Abu Dhabi and Doha have been incorporated in the 100 best cities to live this year. (Shutterstock)
January 24th, 2019 - 07:15 GMT

Out of 100 Cities, Dubai Ranks 9th as the Best City in the World to Live In

Dr. Adnan Chilwan, Group Chief Executive Officer of DIB
January 24th, 2019 - 06:47 GMT

Dubai Islamic Bank Successfully Closes $750 Million AT1 Perpetual Sukuk

To start the school day, a fleet of luxurious Maserati cars transported the 8th and 9th Grade students from Dwight School Dubai to the Maserati service center for a complete tour of the facility.
January 24th, 2019 - 06:40 GMT

Dwight School Dubai’s All-Girls F1 Team Visit Al Tayer Motors’ Maserati Service Centre

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