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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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2018 ended on a strong note for GCC equity capital markets activity, with Q4 being the best quarter in the year.
February 25th, 2019 - 07:52 GMT

PwC GCC Capital Markets Watch, Q4 2018: IPO Activity Picks Up Despite a Relatively Slow Year to Date Performance

Mr. Hassan Amin Jarrar, Chief Executive Officer of the Bank
February 25th, 2019 - 06:40 GMT

Bahrain Islamic Bank Achieves a Net Profit of BHD11.4 Million for the Year 2018

During the event
February 24th, 2019 - 11:09 GMT

AGIP and Republican Scientific Research Institute of Intellectual Property in Russia Sign Cooperation Agreement

Saudi Arabia Central Bank Governor: No More Bank Mergers For the Time Being. (Shutterstock)
February 24th, 2019 - 10:57 GMT

Saudi Arabia Central Bank Governor: No More Bank Mergers For the Time Being

During the event
February 24th, 2019 - 09:00 GMT

KPMG Organizes Personal Data Protection Law Seminar for Regulatory Entities in Bahrain

Credit to the private sector increased by 4.9 per cent to OMR22 billion at the end of December 2018. (Shutterstock)
February 24th, 2019 - 08:49 GMT

Credit Extended by Banks Exceeds $65 Billion in Oman

The gesture is part of the UAE's wise leadership keenness to ensure decent life for all citizens. (Shutterstock)
February 24th, 2019 - 07:48 GMT

Nearly $100 Million Loans of 3,310 Emiratis Waived Off

During the event
February 21st, 2019 - 12:35 GMT

Burgan Bank Conducts Successful ‘Team-Building Day’ for Employees

Several leading banks have cut the interest rates on deposits by an average of 2 percentage points while others were in the process of doing the same. (Shutterstock)
February 21st, 2019 - 10:29 GMT

Lebanese Banks Mull Reducing Interest Rates on Deposits

Bank Aljazira
February 20th, 2019 - 12:16 GMT

Bank Aljazira to Offer Apple Pay

Majed Essa Al Ajeel, Chairman of Burgan Bank Group
February 20th, 2019 - 06:42 GMT

Burgan Bank Reports Record Profits of Kd82.6 Million in FY 2018, Growth of 26.6 Percent

The latest offer presents premium quality oil incenses and oudh carefully selected from the finest areas in Asia.
February 19th, 2019 - 12:54 GMT

Burgan Bank Customers Can Enjoy 10 Percent Discounts From Atyab Al Marshoud

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