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Banking and Finance

Banking and Finance latest

DIB Shareholders Approve AED 2.53 billion Cash Dividend at Annual General Assembly
April 2nd, 2026 - 05:59 GMT

DIB Shareholders Approve AED 2.53 billion Cash Dividend at Annual General Assembly

DIB (DFM: DIB), the world’s leading Islamic financial group and the largest in the UAE, convened its Annual General Assembly (AGM), during which shareholders reviewed and approved all agenda items including the Bank’s financial statements for the year ended 31 December 2025, Board of Directors’ recommendation to distribute a cash dividend of 35 fils per share, along with other tabled resolutions presented to the Assembly. The outcome reflects another year of financial resilience, with consistent earnings delivery and measured balance sheet growth. Operating revenues reached AED 13.3 billion, while pre-tax ...
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The 50 percent increase is supposed to in part target elderly pensioners who comprise a significant percentage of the nearly 1.4 million poor families eligible for the new benefits (Courtesy of the Los Angeles Times)
January 19th, 2014 - 08:08 GMT

1.4 million poor pensioners in this Middle East country have something to smile about with new 50 percent increase policy

During the event
January 19th, 2014 - 07:29 GMT

Emirates Islamic wins double recognition at ICT Achievement Awards 2013

Bibi made 16 cuts one after another in the education budget, while calling the education system a 'cow that does not give milk';
January 16th, 2014 - 08:48 GMT

Going stingy on his country: Netanyahu hiding an offshore account for tax evasion purposes

The research team at Lebanon's Byblos Bank reported that many foreign-owned banks feel they can no longer compete with local lenders in the country (Courtesy of the Daily Star)
January 16th, 2014 - 10:10 GMT

Is Lebanon's banking sector shrinking?

Al Bawaba
January 16th, 2014 - 07:53 GMT

Standard Chartered participates in first UAE – UK Pioneers Forum

Look for more high quality businesses preparing for IPO in 2014. (Image credit: Shutterstock)
January 16th, 2014 - 07:23 GMT

Three factors that will drive 2014 IPO activity in the Middle East

Al Bawaba
January 16th, 2014 - 06:57 GMT

Abu Dhabi Islamic Bank – Egypt….. a year of achievements remarkable financial and structural results

Out of the 50 per cent of shares owned by non-Jordanians, Azar pointed out that 35 per cent of ASE shares are investments by Arab governments, sovereign and different investment funds and wealthy families.
January 15th, 2014 - 07:31 GMT

Why Jordan has every reason to be optimistic about its stock market in 2013

Ahmed Saad, SIB DCEO mediating the graduates at the ceremony
January 15th, 2014 - 09:27 GMT

Sharjah Islamic Bank appoints new skilled home-grown talents in leadership positions

Egyptian stock markets have been improving since last November (File Archive)
January 14th, 2014 - 01:55 GMT

Egypt stocks reach highest level since 2011 revolution

Jordan's then-Planning Minister Jafar Hassan signed a deal with the Saudi Fund for Development in February 2013 for development-related projects (Courtesy of the Jordan Times)
January 14th, 2014 - 12:59 GMT

Is development funding developing much in Jordan?

The list of individuals and companies published above raises questions that have so far been left unanswered by Egyptian investigators.
January 13th, 2014 - 09:39 GMT

Behind the scenes: an inside look into Egypt's 'mafia fund'

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