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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
February 4th, 2019 - 11:20 GMT

Emirates Development Bank Launches Dh100 Million ‘Credit Guarantee Scheme’ for SMEs in Coordination With Partner Banks and the UAE Banks Federation

During the event
February 4th, 2019 - 10:55 GMT

Burgan Bank Attends the Institute of Banking Studies Annual Graduation Ceremony Which Honors Its Employees

During the event
February 4th, 2019 - 09:55 GMT

KFH-Bahrain Announces the Final Winner of Its 2018 Libshara Campaign

Hassan Jarrar, Chief Executive Officer of BisB
February 4th, 2019 - 06:41 GMT

BisB Bags Another Win at the 13th Islamic Business & Finance Awards for Fastest Growing Islamic Bank in Bahrain

Sohar International ‘one minute banking’ mobile banking application is quick and easy to download and provides customers a secure and convenient 24/7 access to their bank accounts.
February 3rd, 2019 - 12:00 GMT

Sohar International Launches Biometric Authentication for Mobile Banking

Arab Bank was named “Bank of the Year in the Middle East for 2017” by The Banker – Financial Times, London.
February 3rd, 2019 - 08:13 GMT

Arab Bank Group Reports Net Profits of $820 Million for 2018 45 Percent Cash Dividends

During the event
February 3rd, 2019 - 07:45 GMT

National Bank of Oman Awards OMR17,500 to Three Innovative SMEs

FAB proposes cash dividend per share of 74 fils
January 31st, 2019 - 12:46 GMT

FAB: Full Year 2018 Group Net Profit at Dh12.0 Billion, up 10 Percent Year-On-Year

Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. (Shutterstock)
January 31st, 2019 - 11:31 GMT

Fintech Startups Pave the Way for Reforming Iran’s Financial System

Dubai Investments Park is a unique, self-contained mixed-use industrial, commercial and residential development operated by Dubai Investments Park Development Company LLC.
January 31st, 2019 - 09:14 GMT

Dubai Investments Park Development Company LLC Signs $300 Million Bilateral Term Loan Facility With Emirates NBD Bank PJSC

Egypt’s total budget deficit declined to 3.6 percent of GDP in the first half of the 2018/2019 fiscal year. (Shutterstock)
January 31st, 2019 - 09:12 GMT

Egypt Achieves Primary Budget Surplus of EGP21 Billion

The pilot project is aimed at studying the practical application of modern technologies. (Shutterstock)
January 31st, 2019 - 09:05 GMT

UAE, Saudi Digital Currency to Be Restricted to a Limited Number of Banks

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