SHARJAH/WAM Sharjah Islamic Bank (SIB) announced record financial results and exceptional growth for the year ending on December 31 2024. The bank’s net profit before tax increased by 36.5%, reaching AED1.15 billion, while net profit after tax amounted to AED1.05 billion, reflecting a 24.5% increase. This marks a significant milestone in the bank’s history, as its net profit surpassed the ...

GAZA, DOHA, CAIRO/WAM A ceasefire in the Gaza Strip came into effect today, marking the start of its first phase, which will last for 42 days. This follows 15 months of Israeli aggression on the region. The United Nations has also announced that the first aid convoys have entered Gaza. “A ceasefire finally came into effect in Gaza at 11:15 ...

DUBAI/WAM H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance of the UAE, and Chairman of the Dubai Judicial Council, reviewed the Economic Security Center of Dubai’s strategy for 2025-2030. The new strategy aims to strengthen Dubai’s economic stability and progress by identifying investment opportunities, anticipating and addressing ...