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Bank of Sharjah reports record performance, posting a net profit of Dh151 million.

Banking Staff Writer -
The bank recorded strong double-digit growth in assets, loans, and deposits, supported by disciplined cost management. SHARJAH: Bank of Sharjah announced its financial results for...

Companies in the UAE have raised prices at their sharpest pace since 2011, following shipping disruptions that affected demand.

Banking Staff Writer -
UAE businesses are feeling the strain from higher oil, transport, and shipping costs, which are also weighing on new orders. In April, UAE non-oil firms...

UAE Central Bank prohibits the use of WhatsApp and other messaging apps for financial customer communications.

Banking Staff Writer -
Financial institutions have been instructed to provide updates on their compliance by April 30. The Central Bank of the UAE (CBUAE) has directed all licensed...

Dubai Islamic Bank reported first-quarter revenue of Dh3.5 billion and a pre-tax profit of Dh2.1 billion.

Banking Staff Writer -
Broad-based revenue growth across key business segments drove strong earnings for Dubai Islamic Bank. Dubai Islamic Bank, the UAE’s largest Islamic bank by assets, reported...

Tensions drive WTI close to $100 and Brent above $111 as Hormuz risks weigh on global energy markets

Banking Staff Writer -
Geopolitical deadlock in the Strait of Hormuz pushes oil prices toward post-Ukraine conflict highs. Oil prices continued their upward climb in early trading on Wednesday,...
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