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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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During the event
May 8th, 2019 - 09:43 GMT

National Bank of Oman Lends a Helping Hand With Annual ‘Shahr IL Atta’ Campaign

NBF team receiving Employee Enagagement award.
May 8th, 2019 - 09:21 GMT

National Bank of Fujairah Scoops International Employee Engagement Award at the International Business Excellence Awards 2019

During the event
May 8th, 2019 - 08:25 GMT

FAB Customers Take Home Big Wins at Annual Grand Raffle Draw Prize Presentation

Bank ABC
May 8th, 2019 - 06:54 GMT

Bank ABC Announces First Quarter 2019 Net Profit of $55 Million, +4 Percent Attributable to the Shareholders of the Parent

During the event
May 8th, 2019 - 06:31 GMT

Bahrain Islamic Bank Organizes BISB Innovation Cam

Lebanon's economy is struggling with soaring debt, rising unemployment and slow growth. 
May 8th, 2019 - 05:59 GMT

Lebanon Central Bank Employees Suspend Strike

Foreign currencies in Egypt’s foreign reserves include the U.S. dollar, euro, Australian dollar, Japanese yen and Chinese yuan.
May 7th, 2019 - 10:23 GMT

Egypt’s Foreign Reserves Hit $44.22 Billion by End of April

The draw rewards new and existing customers who transfer their salary to Burgan Bank by offering them a chance to win a Nissan Patrol SUV every month.
May 7th, 2019 - 09:54 GMT

Burgan Bank Announces the New Winner of the Al Thuraya Salary Account Monthly Draw

The completion of the transaction is subject to regulatory approvals, including the final approval of the Central Bank of Egypt and the Central Bank of Lebanon.
May 7th, 2019 - 08:38 GMT

Bank Audi Egypt to Expand Its Network by Acquiring Local National Bank of Greece

The new digital wallet, noqodi, is the latest option available to pay government fees
May 7th, 2019 - 08:04 GMT

Dubai Launches Digital Wallet for Paying Government Service Fees

In 2018, GCC Islamic banks expanded slower than conventional peers for the first time in five years
May 7th, 2019 - 07:00 GMT

S&P: GCC Islamic Banks to Show Resilience in 2019,2020

Abu Dhabi Commercial Bank
May 7th, 2019 - 06:52 GMT

Abu Dhabi Commercial Bank PJSC Reports First Quarter 2019 Net Profit of Dh1.152 Billion

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