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Bank of Sharjah on Thursday announced the results of the year ended 31 December 2019. The following Management Discussion and Analysis include financial results for Bank of Sharjah and its subsidiaries, together referred to as the ‘Group’.
Sharjah Islamic Bank announced an increase in its operating profit before provisions by 25.6%, amounting to Dhs417.3 million for the first six months, compared to Dhs332.3 million for the same period of the previous year.
The Central Bank of the UAE (CBUAE) has announced that the Money Supply aggregate M1 increased 0.3 per cent, from Dhs642.3 billion at the end of March 2021 to Dhs644.4 billion at the end of April 2021.
Attended by Sheikha Shamma Bint Sultan Bin Khalifa Al Nahyan, CEO of Alliances for Global Sustainability, the UAE Circular Economy Council convened its meeting, presided over by Mariam Bint Mohammed Almheiri, Minister of Climate Change and the Environment to discuss ‘Year of Sustainability’ initiatives and COP28.
The Federal Tax Authority (FTA) has launched the ‘Tax Support’ initiative to raise tax awareness among business sectors in the UAE through direct and sustained contact, as a means to enhance compliance with tax laws and regulations. The first workshop for 2023 under the initiative was held on Jan.24 and 25 as a collaboration
US consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation continued to subside, which could give the Federal Reserve room to further slow the pace of its interest rate hikes next week.