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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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Annual study from Mastercard indicates the majority of gift purchases take place three days before February 14, and highlights a growing preference for online shopping
February 14th, 2019 - 09:57 GMT

Love Is in the Details: Mastercard Love Index Reveals UAE Consumers Plan Ahead for Valentine’s Day


HRH Prince Amr Mohammed AlFaisal, Ithmaar Holding Chairman
February 13th, 2019 - 12:42 GMT

Ithmaar Holding and Its Wholly-Owned Subsidiary, Ithmaar Bank, Report 2018 Financial Results

During the event
February 13th, 2019 - 09:14 GMT

National Bank of Oman Recognised by Muscat Municipality for Cultural Contributions

During the event
February 12th, 2019 - 12:58 GMT

Sohar International Provides Support to the Differently-Abled Community in Willayat Ibri

CrediMax Annual Staff Gathering 5 Yrs Service Award.j
February 12th, 2019 - 12:49 GMT

CrediMax Holds Its Annual Staff Gathering

Mr. Jassim Alseddiqi, Chairman of GFH and Mr. Hisham Alrayes, CEO of GFH
February 12th, 2019 - 07:03 GMT

GFH Reports Net Profit of $114.08 Million Attributed to Shareholders for 2018

During the event
February 11th, 2019 - 11:49 GMT

Sohar International Sponsors Ministry of Endowments & Religious Affairs Team in the Eight-Man Football Championship

FAB is a signatory to the Abu Dhabi Sustainable Finance Declaration, which was launched on 16 January 2019 and comprises 25 high-profile UAE government and private sector members.
February 11th, 2019 - 09:23 GMT

FAB Recognised by CDP as Top UAE Financial Institution Fighting Climate Change

The higher the level of the deposit, the higher the likelihood to win.
February 11th, 2019 - 07:49 GMT

Burgan Bank Announces Names of the Daily Lucky Winners of Yawmi Account Draw

Total assets stood at US$29.55 billion at the end of 2018, compared to US$29.50 billion at the 2017 year-end, again affected by FX depreciation.
February 11th, 2019 - 07:25 GMT

Bank ABC Announces 2018 Results Net Profit of $202 Million +5 Percent Attributable to the Shareholders of the Parent

NBF posted its highest ever net profit of AED 615.3 million, a rise of 30.4% over the previous year.
February 11th, 2019 - 07:01 GMT

National Bank of Fujairah PJSC Record Net Profit of Dh 615.3 Million

During the event
February 10th, 2019 - 12:39 GMT

Ahli United Bank Honours Long Serving Employees

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