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Banking and Finance

Banking and Finance latest

Indian Rupee hits record low as oil shock tests RBI’s firepower
April 30th, 2026 - 08:49 GMT
Dr. Mansour Al-Maswari

Mansour Al-Maswari

Indian Rupee hits record low as oil shock tests RBI’s firepower

ALBAWABA- India’s currency is under renewed strain, with the rupee sliding to a record low against the U.S. dollar in late April, intensifying pressure on the Reserve Bank of India to steady markets while shielding the broader economy. The rupee weakened to around 96 per dollar on Thursday, marking a sharp decline from levels near 91–92 earlier this year and extending a multi-year slide that has eroded more than 12% ...
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Bank ABC
October 8th, 2019 - 11:17 GMT

Bank ABC Wins the Most Innovative Arab Bank of the Year Award

During the event
October 8th, 2019 - 10:36 GMT

Bank Nizwa CEO: Compliance With Sharia Is Key to Make Islamic Finance Mainstream in Oman

The draw rewards new and existing customers who transfer their salary to Burgan Bank by offering them a chance to win KD 10,000 every month.
October 8th, 2019 - 10:06 GMT

Burgan Bank announces the first winner of the newly revamped Al-Thuraya Salary Account monthly draw

During the event
October 8th, 2019 - 09:45 GMT

MoF Holds Workshop to Review Vital Updates on Supplier Services

During the event
October 7th, 2019 - 11:19 GMT

Sharjah Islamic Bank the Most Innovative Islamic Bank of 2019

Mr. Hassan Jarrar , Chief Executive Officer of BisB
October 7th, 2019 - 11:12 GMT

BisB Awarded IFM’s “Most Innovative Digital Bank - Bahrain” for 2019

The London-headquartered bank last month announced the shock exit of CEO John Flint after just 18 months in the hot seat but gave no reason for the decision.
October 7th, 2019 - 08:01 GMT

HSBC to Lay off up to 10,000 Employees

The Middle East and North Africa (Mena) startup ecosystem is growing quickly, with $517 million being invested in 354 deals in 2019 thus far.
October 7th, 2019 - 07:45 GMT

UAE: Home to One Third of FinTech Companies in MENA

During the event
October 6th, 2019 - 09:40 GMT

National Bank of Fujairah Underscores Commitment to the Development of FinTech Industry at the MENA FinTech Hackathon

Commercial banks must ensure the central bank credit lines are used exclusively to purchase imports for domestic consumption.
October 5th, 2019 - 08:00 GMT

Lebanon: Rise in Imports behind Increase in Dollar Demand

The UAE last year jumped 10 places to 11th in the ranking.
October 3rd, 2019 - 07:30 GMT

GCC Countries Among World Bank's Top 20 in Ease of Doing Business

The circular will certainly reduce the pressure on dollar demand at currency exchange shops
October 3rd, 2019 - 07:10 GMT

Lebanon’s Central Bank Secures Dollars to Cover Imports of Fuel, Wheat and Medicine

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