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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 bank’s Board of Directors and executive management team joined Sohar International’s Chairman,Mr Mohammad Mahfoudh Al Ardhi, and CEO, Mr Ahmed Al Musalmi, in welcoming officials and leaders from the public and private sectors to witness the historic unveiling of the bank’s new identity that is set to redefine banking.
December 24th, 2018 - 11:43 GMT

Bank Sohar Unveils Its New Brand as ‘Sohar International’

PayFort has supported a number of major initiatives across the region to reduce dependence on cash and boost electronic payments. (Shutterstock)
December 23rd, 2018 - 02:01 GMT

‘meeza’ Card Holders Will Now Be Able to Shop Online via PayFort’s Payment Gateway

NBO's Ibtikar event.
December 23rd, 2018 - 01:51 GMT

National Bank of Oman Hosts 5th Annual Ibtikar Competition

NBO's Ibtikar event.
December 23rd, 2018 - 01:50 GMT

National Bank of Oman Hosts 5th Annual Ibtikar Competition

The Bank’s authorized capital ceiling was raised from KD 250,000,000 to KD 400,000,000 and it to be utilized in the future as needed.
December 23rd, 2018 - 11:52 GMT

Burgan Bank Increases Authorized Capital in Its 34th Extra-Ordinary General Meeting

Al Hilal Bank
December 23rd, 2018 - 11:50 GMT

Al Hilal Bank Launches Accelerated 'Straight Through Processing' for Fund Transfers

 A signing ceremony cementing the agreement took place with participation of Mr. Khalid Al Kayed, CEO of Bank Nizwa and Sayyida Rawan Ahmed Al Said, managing director and CEO of Takaful Oman Insurance.
December 23rd, 2018 - 11:38 GMT

Bank Nizwa Partners With Takaful Oman to Offer Shari’a-Compliant Car Insurance

Jamal Fakhro, KPMG in Bahrain’s Managing Partner
December 23rd, 2018 - 07:26 GMT

KPMG Global Revenues Grow to Record $29 Billion

The 2-day workshop aimed to upgrade the capabilities of CSR managers across Kuwait.
December 23rd, 2018 - 06:05 GMT

Burgan Bank Employees Attend Exclusive Workshop on 'Planning for Impact - Frameworks for CSR Initiatives'

Lebanese banks were the main subscribers to these bonds. (Shutterstock)
December 20th, 2018 - 11:36 GMT

Two Treasury Bills Worth $1.3 Billion Issued in Lebanon

The Repo Rate applicable to borrowing short-term liquidity from CBUAE against Certificates of Deposits has also been increased by 25 basis points. (Shutterstock)
December 20th, 2018 - 08:05 GMT

Interest Rates Soars in UAE Following US Federal Reserve Decision

The message directs receivers to a malicious website. (Pixabay)
December 20th, 2018 - 07:59 GMT

UAE Central Bank Warns Residents From Opening a WhatsApp Message

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