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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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The UAE leads the pack with highest number of mergers both in terms of value and volume.
May 22nd, 2019 - 05:48 GMT

GCC Banking Sector to Witness Mergers Worth Nearly $1 Trillion

 Mr. Subah Abdullatif Al Zayani, Deputy Head of Retail Banking Group
May 21st, 2019 - 08:36 GMT

Kuwait Finance House-Bahrain Continues to Offer Rewarding Auto-Financing Campaigns During Ramadan

A report by the firm found that financial technology (fintech) in particular is seen playing a significant role in the growth and innovation strategy for governments across the emerging economies of Bahrain, the UAE and Saudi Arabia.
May 21st, 2019 - 07:39 GMT

Research Reveals How Bahrain Is Among First Countries to Adopt Fintech

During the event
May 20th, 2019 - 07:58 GMT

BisB Team “Jood” Distribute Packages to Drivers

Saudi Arabia's central bank on Sunday fined 16 banks
May 20th, 2019 - 07:14 GMT

Saudi Arabia Fines 16 Banks, Including Its Biggest Islamic Bank

During the event
May 19th, 2019 - 10:03 GMT

Bank Nizwa Scoops Best Islamic Bank in Oman Award From Islamic Finance News

The World Bank relied in its report on optimism over the structural economic reforms currently implemented by Tunisian authorities.
May 19th, 2019 - 09:55 GMT

Tunisia to Receive $134 Million Loan to Modernize Its Financial Sector

Growth is projected to slow to 1.2 per cent in 2019 as Oman’s commitment to the December 2018 OPEC+ output cut constrains oil production.
May 19th, 2019 - 07:59 GMT

World Bank: Oman to Have Highest Growth Rate Among Its Peers in GCC in 2020

Red Hat Tower
May 19th, 2019 - 07:29 GMT

Emirates NBD Transforms its Digital Banking with Red Hat-Based Cloud, Winning 2019 Red Hat Innovation Award

The free concierge services have been introduced as part of the bank’s wide range of valuable privileges and benefits that is especially designated for its Premier customers.
May 19th, 2019 - 06:42 GMT

Burgan Bank Offers Free Eideya Delivery Service to Premier Banking Customers

Fitch saw that Qatar should take other procedures to support the liquidity in case of another wave of deposit withdrawals occur.
May 19th, 2019 - 06:29 GMT

Fitch: Banks Face Growing Risks of Asset Quality Deterioration in Qatar

Egypt’s fiscal policies and flexible exchange rate had contributed to economic stabilization and made Egypt more resilient to external shocks.
May 17th, 2019 - 09:00 GMT

IMF To Disburse Final $2 Billion Tranche of Egypt's $12 Billion Loan

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