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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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Iran set up and registered a counterpart to INSTEX called Special Trade and Financing Instrument between Iran and Europe (STFI) to pave the way for bilateral trade. 
July 7th, 2019 - 09:02 GMT

INSTEX Halted Due to EU Procrastination in Bank's Introduction to Iran

The sharp outflows of foreign funding sparked by the June 2017 outbreak of the GCC crisis have gradually reversed over 2018.
July 7th, 2019 - 08:08 GMT

Qatari Banks’ Outlook Stable Despite Blockade

Differences between the government and the governor over the conduct of monetary policy have deepened in the past few months
July 6th, 2019 - 10:00 GMT

Turkey Fires Central Bank Governor Amid Disagreements With the Government

Khalid Al Rumaihi, Chief Executive of the EDB
July 4th, 2019 - 06:48 GMT

Bahrain and UK First in the World to Pilot New Artificial Intelligence Procurement Guidelines Across Government

Yousif Ali Mirza ,Chief Executive of CrediMax
July 3rd, 2019 - 10:36 GMT

Credimax Visa “Refresh” Summer Campaign

By the end of the first quarter of 2019, the total balance of non-residents deposits amounted to Dh208.2 billion
July 3rd, 2019 - 09:30 GMT

Report: Non-Resident Deposits in UAE Exceed Loans by $17.5 Billion

Consumers are more likely to increase use of digital channels if banks increase security
July 2nd, 2019 - 07:10 GMT

Digitization the Only Way for Banking Sector… It Won’t Threaten Jobs

Christine Lagarde.
July 1st, 2019 - 11:13 GMT

Christine Lagarde Could Become the First Female President Heading the ECB

During the event
July 1st, 2019 - 10:50 GMT

Hussain Kasim Internship Program Funds Bahraini Students to Participate in Audit Simulation Program in Malaysia

Shari’a-compliant facility will refinance USD 134.5 million of existing debt
July 1st, 2019 - 09:19 GMT

ENBD REIT Secures USD 177 Million Facility From Mashreq Bank

Marcello Baricordi MENA GM
June 30th, 2019 - 10:08 GMT

Visa: Nearly Two-Thirds of UAE Retailers See Increase in Foot Traffic and Revenue Since Accepting Digital Payments

National Bank of Oman
June 30th, 2019 - 09:19 GMT

National Bank of Oman Rewards Al Kanz Savings Account Winners With Cash Prizes

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