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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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An unprecedented diplomatic breakdown between the Nato allies over the case compounded an almost 40% depreciation in the currency this year. (AFP)
October 14th, 2018 - 02:19 GMT

Turkish Bonds and Stocks Gain as US Pastor Is Freed

As part of the meeting the two leaders discussed ways to strengthen bilateral ties and increase investments between the UAE and Austria.
October 11th, 2018 - 11:05 GMT

HE Obaid Humaid Al Tayer Meets Austrian Finance Minister

On Tuesday, the partially-convertible Indian currency hit a fresh low of 74.395 per dollar. (Shutterstock)
October 11th, 2018 - 07:11 GMT

India's Rupee Is Not Recovering Any Time Soon

The Arabian Travel Awards is dedicated to celebrating excellence within the region’s travel, tourism and hospitality industries.
October 10th, 2018 - 11:18 GMT

Bab Al Qasr Hotel & Residences Wins Best Luxury and Mice Hotel at Arabian Travel Awards

The draw rewards new and existing customers who transfer their salary to Burgan Bank by offering them a chance to win a Nissan Patrol SUV every month.
October 10th, 2018 - 10:50 GMT

Burgan Bank Announces the New Winner of the Al Thuraya Salary Account Monthly Draw

The Ministry of Finance’s participation in this year’s GITEX Technology Week is aimed to familiarise the public with its smart services and state-of-the-art technological innovations.
October 10th, 2018 - 09:44 GMT

UAE Ministry of Finance Is Participating in Gitex Technology Week as Part of the Federal Government’s Stand

Amit Jain, Group CEO of Emaar Properties and Dr. Adnan Chilwan, Group CEO of Dubai Islamic Bank, were present amongst other senior officials of both entities at the signing ceremony in Dubai.
October 10th, 2018 - 09:24 GMT

Emaar Partners With Dubai Islamic Bank for Exclusive Home Finance Solution

Bringing blockchain-based payments technology into the government sphere is a major development for the technology. (Shutterstock)
October 10th, 2018 - 06:50 GMT

You Can Now Pay Your Bills via Digital Currency in Dubai

Privatization in Iran witnessed 100 percent growth during the first five months of this year (March 21-August 22) compared to the same period of time in the previous year. (Shutterstock)
October 10th, 2018 - 06:33 GMT

Iran Divests Over $123 Million Worth of State-Run Shares

"Tunisia records today 2.4 million online payments for a volume of about 166 million dinars. A figure in evolution but it is insufficient.” (Shutterstock)
October 10th, 2018 - 06:23 GMT

Tunisia Considering Digital Banking to Boost Economy

ESCA is drafting regulations for ICOs with international advisers and is working with the Abu Dhabi and Dubai stock markets to develop trading platforms for the offers, he said, adding that details would be announced later. (Shutterstock)
October 10th, 2018 - 05:44 GMT

UAE to Launch Initial Coin Offerings in 2019

Qatari banking sector ranks third among Arab banking sectors in terms of asset size, accounting for about 11 percent of the total assets of the Arab banking sector, and 10 percent of its deposits. (Shutterstock)
October 10th, 2018 - 05:34 GMT

Qatar's $382.5 Billion Banking Sector Stable Despite Siege

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