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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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Sources said most of the CDM machines in the country are not equipped to scan Emirates ID.
July 14th, 2019 - 05:30 GMT

Bank Announces Changes in Cash Deposits in UAE

Mr. Abdulhakeem Al Khayyat, the Managing Director and CEO at KFH-Bahrain
July 11th, 2019 - 10:43 GMT

KFH-Bahrain Awarded Global Banking & Finance Review’s Award for ‘Best Islamic Retail Bank Bahrain 2019‘

H.E. Younis Haji Al Khoori, Undersecretary of the Ministry of Finance
July 11th, 2019 - 10:04 GMT

Reduction and Cancellation of More Than 1,500 Federal Government Services Fees in UAE

Qatar National Bank
July 11th, 2019 - 09:43 GMT

QNB Group: Financial Results for the Six Months Ended 30 June 2019

The adoption of eKYC helps banks realise the digitalisation of a very important part of our business and compliance procedures
July 11th, 2019 - 08:10 GMT

NBB First Bank to Join National eKYC Platform Mandated By The CBB and Operated by Benefit

Unverified reports have even suggested that miners from China have launched several bitcoin farms across the country.
July 11th, 2019 - 07:05 GMT

Iranian Government to Authorize Cryptrocurrency Mining

Mr. Omar Kutayba Alghanim, Gulf Bank’s Chairman
July 10th, 2019 - 10:24 GMT

Gulf Bank Records KD24 Million in Net Profit for the First Half of 2019

According to the latest World Bank MENA Economic Update report, the foundations for a complete digital transformation in the GGC region already exist.
July 10th, 2019 - 09:11 GMT

5G's Impact on the Digital Economy in GCC

Khalid Al Zarouni, Senior Vice President & Registrar of Companies at DIFC Authority
July 10th, 2019 - 07:24 GMT

Dubai International Financial Centre Continues to Prioritise Ease of Doing Business with Introduction of New Licencing Categories & Fees

The vast restructuring -- which will see 18,000 job losses -- is forecast to cost 7.4 billion euros ($8.3 billion) and will shrink the bank’s capital buffers.
July 10th, 2019 - 06:13 GMT

Deutsche Bank Continues Its Restructuring Process in New York, Tokyo, London

During the event
July 9th, 2019 - 07:57 GMT

Ajman Bank Launches New Branch in Dalma Mall and With It Introduces Another Digital Initiative

During the event
July 9th, 2019 - 06:29 GMT

Bank Nizwa Cements Position as Oman’s Top Islamic Bank

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