DUBAI / WAM Emirates Islamic delivered its highest ever half-year net profit, with an exceptional jump of 73 percent to AED 1.2 billion during the first half of 2023. This record profit was driven by higher funded and non-funded income reflecting improved business sentiment. Strong operating performance on higher funded income and higher non-funded income. Total income up 71 percent …

SHARJAH / WAM The President of American University of Sharjah (AUS) and the Chairperson of Sharjah Research, Technology and Innovation Park (SRTIP) was warmly received by the Group CEO of Beeah, Khaled Al Huraimel, and a distinguished Beeah delegation. Sheikha Bodour’s visit to Beeah group’s headquarters signified an important milestone, centred around collaborative efforts in education, research, and boosting the …

BLOOMBERG Global equities surged on Thursday and the dollar retreated, as investors wagered the Federal Reserve has reached the end of its 16-month long policy-tightening cycle. The Stoxx Europe 600 index rose 1%, with almost all sectors gaining, and US futures pointed to a strong session on Wall Street. Contracts on the tech-heavy Nasdaq 100 were up 1.1%. The moves …