Sharjah Islamic Bank (SIB) has announced robust financial results despite economic challenges for the first nine months of 2018 declaring net profits at AED397.7 million compared to AED360 million declared during the same period last year, showing a 10.5% increase. Total assets of the Shariah-compliant bank reached AED44 billion at the end of September 2018 compared to AED38.3 billion reported at the end of December 2017, representing an increase of 14.9%.

Furthering their commitment to empower and inspire a new generation of women with a passion for technology, UAE-based NAMA Women Advancement Establishment (NAMA) concluded its participating in the 38th edition of GITEX Technology Week from 14-18 October 2018, at Dubai World Trade Centre (DWTC). This was NAMA’s third participation at GITEX, one of the biggest events in the Information and Communication technology (ICT) sector across the Middle East, North Africa and South Asia, and the third largest of its kind worldwide. NAMA participated as part of the Sharjah E-Government Pavilion, which showcased the achievements of 36 Sharjah government entities.

NAMA Women Advancement Establishment was established in 2015 under an Emiri Decree by His Highness Sheikh Dr Sultan bin Muhammad Al Qasimi, member of the Supreme Council of the United Arab Emirates (UAE), the Ruler of Sharjah, and is chaired by Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, Wife of the Ruler of Sharjah. 

The UAE has a fast growing market for luxury products that is driven by high demand from citizens, residents, tourists, and especially from the younger generation, who are keen to keep up with the latest trends, and who are vastly interested in the luxury brands of the watch and jewellery industry.