
Egypt: Faisal Islamic Bank sees 87.1% YoY lower standalone profits in Q1 2025
Basic earnings per share (EPS) dropped by 88.5% year-on-year (YoY) to EGP 1.124 in Q1-25 from EGP 9.772.
The revenues shrank by 35.9% to EGP 6.527 billion in the first three months of 2025 from EGP 10.175 billion during the same period in 2024.
In 2024, the standalone net profits after tax interest hiked by 189.37% YoY to EGP 11.739 billion from EGP 4.056 billion.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Arabian Business
6 hours ago
- Arabian Business
Iraq aims to attract $250bn in investments by 2027 after securing $100bn in past two years
Iraq is seeking to attract $250bn in new investments over the next two years, according to the National Investment Commission (NIC), as the country accelerates reforms to strengthen its economic growth. The NIC said that Iraq had already secured $100bn in investments over the past two years, supported by pro-investment government initiatives, legislative and regulatory reforms, and programs adopted by the commission to encourage both Arab and foreign capital. Hanan Jassim, spokesperson for the commission, said the accession to international agreements to protect and encourage investment had played a key role in drawing foreign interest. Iraq investment opportunities She added that the NIC has also developed an integrated investment map that highlights more than 100 strategic opportunities across various sectors of the economy. The commission stressed that these reforms aim to position the country as a competitive regional and global investment hub while driving economic diversification and sustainable growth.


Zawya
7 hours ago
- Zawya
Iraq aims to attract $250bln in new investments by 2027
Iraq is aiming to attract $250 billion worth of investments over the next two years building on recent inflows of Arab and foreign capital, the spokesperson of its investment promotion agency said. National Investment Commission (NIC) spokesperson Hanan Jassim told the Iraqi News Agency (INA) that government policies along with legislative and regulatory reforms have enabled Iraq to secure more than $100 billion in Arab and foreign investments across different economic sectors over the past two years. These investments have had a direct impact on driving sustainable development and diversifying the country's sources of income, she said, underlining inflows into industry, infrastructure, housing, energy, education, and health. These projects, she said, have created jobs, expanded GDP, and reduced dependence on oil as Iraq's main source of revenue. Jassim said government measures, NIC-led initiatives such as the one-stop-shop system, Iraq's accession to international investment protection agreements, and the launch of a national investment map with more than 100 strategic opportunities have driven progress in the country. (Writing by Majda Muhsen; Editing by Anoop Menon) (


Zawya
11 hours ago
- Zawya
CBUAE issues commemorative coins on occasion of establishment of Al Nasr Sports Club
The Central Bank of the United Arab Emirates (CBUAE), in collaboration with Al Nasr Sports Club, has issued commemorative silver coins to celebrate the 80th anniversary of the establishment of Al Nasr Sports Club, one of the most prestigious sports clubs in the UAE. The issuance of the coin is a tribute to the Club's role in supporting the sports movement and enhancing national identity over the past eight decades. The CBUAE issued 1,000 commemorative silver coins, each weighing 40 grammes, with a design that combines the club's symbolism and its rich heritage. The obverse of the coin features the Al Nasr Sports Club logo along with the place and year of establishment, "Dubai 1945". The reverse of the coin displays the coin's nominal value of "80 Dirhams" with the phrase "80th Anniversary of Establishment of Al Nasr Sports Club", surrounded by the name "Central Bank of the United Arab Emirates" in addition to the phrase "Commemorative Coin" in both Arabic and English. The coins have been delivered to Al Nasr Sports Club and will not be available for sale at CBUAE's headquarters or its branches. Saif Humaid Aldhaheri, the CBUAE's Assistant Governor for Banking Operations and Support Services, said, "The issuance of this coin reflects our keenness to mark important national events that contribute to fostering cultural and sporting awareness, and to highlight the achievements of national institutions at both local and global levels. Al Nasr Sports Club represents a sporting edifice that combines history with future ambition." Engineer Marwan bin Ghalita, Chairman of the Board of Director of Al Nasr Sports Club, said, "Al Nasr Club is proud of its history and its pioneering role as the first club to lay the foundation for the sports movement in the UAE, celebrating eighty years of giving and achievements. The CBUAE's issuance of the coin commemorates this legacy and consolidates the club's position in national sports. We consider this day a historic milestone to be proud of, and we thank the CBUAE for highlighting this glory, affirming our commitment to continue the journey of development and successes to serve Emirati sports.'