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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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Al Hilal Bank is aiming to transform the Sukuk market through embracing Blockchain and integrating it into their infrastructure, paving the way for innovative digitised Islamic Sukuks, (which have been dubbed “Smart Sukuks”).
November 28th, 2018 - 06:32 GMT

World’s First Blockchain Sukuk Transaction Just Happened in Abu Dhabi

Kuwait’s regulatory testing framework, known as a ‘sandbox’, will include four phases, with representatives from local banks joining a central bank taskforce to assess the products and services being proposed. (Shutterstock)
November 27th, 2018 - 07:16 GMT

Kuwait Enters the Fintech Arena With ‘Test Space’

The event came to a close with a cake cutting ceremony in celebration of the Nation’s 48th National Day.
November 27th, 2018 - 06:29 GMT

Bank Sohar Names 45 Lucky Winners in Al Mumayaz Savings Scheme Monthly Draws

Deloitte hired over 700 Arab and expatriate graduates and experienced professionals in the Middle East in the last year.
November 27th, 2018 - 05:53 GMT

Deloitte Middle East Announces Admission of 30 New Partners, Directors and Principals

The winner with Mr. Subah Al Zayani and representatives from KFH-Bahrain and Marassi Al Bahrain
November 26th, 2018 - 12:53 GMT

KFH-Bahrain Announces Mr. Hamed Mohamed Abdulla As Libshara’s October Grand Prize Winner

Bank ABC in London has successfully arranged and closed a GBP £250m senior residential development facility for a consortium of institutional and high net worth investors from the Gulf and Europe.
November 26th, 2018 - 12:48 GMT

Bank ABC Arranges GBP 250 Million of Shari’a-Compliant Finance for a Landmark Residential Development Overlooking Regent’s Park

The bank is inviting citizens and residents to visit purpose-built installations depicting key values of the oath laid out at popular locations across the UAE.
November 26th, 2018 - 10:21 GMT

Emirates NBD Celebrates 47th UAE National Day

The initiative is the result of the collaboration of Al Hilal Bank Digital Transformation team with Jibrel Network.
November 26th, 2018 - 09:12 GMT

Al Hilal Bank Executes the World’s First Blockchain Sukuk Transaction

The Egyptian government also focused on digital transformation as one of the most prominent files, aiming to provide excellent services to the citizens electronically. (Shutterstock)
November 26th, 2018 - 05:48 GMT

What Is Holding Back Egypt's Fintech Success?

To protect customers, Bitex UAE utilises a multi-signature HD wallet to store digital currencies. (Shutterstock)
November 26th, 2018 - 05:39 GMT

You Can Now Trade in Bitcoin Currencies in the UAE

National Bank of Oman
November 25th, 2018 - 12:55 GMT

National Bank of Oman Celebrates 48 Years of Prosperity With Lucky Al Kanz Winners

Al Barsha Mall Opening
November 25th, 2018 - 12:24 GMT

Al Hilal Bank Opens Latest Branch at Al Barsha Mall, Dubai

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