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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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Chairman of Kuwait Finance House (KFH) Hamad Abdulmohsen Al-Marzouq
October 25th, 2018 - 05:18 GMT

Al-Marzouq: KD169.1Million Net Profit for KFH Shareholders Until the End of Q3 2018, An Increase of 22.7%

More than a dozen foreign banks that have licences to operate branches in Saudi Arabia cancelled plans to be part of this year’s FII forum. (Shutterstock)
October 25th, 2018 - 04:49 GMT

Saudi to Maintain Soft Spot for Banks Despite Their FII Boycott

Loulwa Al-Ayoubi, Acting Group Head of Investor Relations & Corporate Communications at Burgan Bank
October 24th, 2018 - 11:57 GMT

Burgan Bank Sponsors the First 'Awaken Festival' in Collaboration With en.v

Emirates NBD receives the ‘Innovation in Hybrid IT Management’ award from Micro Focus.
October 24th, 2018 - 11:49 GMT

Emirates NBD’s Automation Efforts Recognised by World’s Largest Enterprise Software Company

Dubai Financial Services Authority
October 24th, 2018 - 11:08 GMT

DFSA to Open Second Cohort for Innovation Testing Licence Applications

Concluding on 31st August, the promotion’s draw was conducted recently at Bank Sohar’s headquarters in its commitment to reward the loyalty of customers using Excel, Platinum, Signature and Infinite credit cards.
October 24th, 2018 - 11:01 GMT

20 Winners Revealed in Bank Sohar’s Credit Card Promotion

Kunooz Winner Ms. Hanim Mustafa Mohamed receiving the Dh1 million Grand Prize from Emirates Islamic
October 24th, 2018 - 09:32 GMT

Emirates Islamic Announces Winner of Dh1 Million Cash Prize for Award-Winning Kunooz Savings Account

An increase in US interest rates usually requires an increase in local interest rates or else the exchange rate becomes unstable. (Shutterstock)
October 24th, 2018 - 06:05 GMT

Saudi to Lock in US-Riyal Exchange Rate

Being 60 days away from the big change, companies need to fully understand the VAT law and make the necessary changes to comply with the new tax regulations.
October 24th, 2018 - 04:50 GMT

KPMG in Bahrain to Host a Seminar on Bahrain’s VAT Law

During the event
October 23rd, 2018 - 11:45 GMT

BisB Partners With AAOIFI – World Bank 13th Annual Conference as a Gold Sponsor

The support will facilitate the provision of electronic chairs for members of the center, as well as allow the center to set-up a speech therapy facility.
October 23rd, 2018 - 10:37 GMT

Bank Sohar Extends Support to Al-Wafa Centre for Handicapped Children Education

During the opening ceremony
October 23rd, 2018 - 10:01 GMT

Bank Nizwa Achieves Latest Milestone With 13th Branch Opening

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