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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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Bank Sohar is committed to the appointment of Omanis in all positions and especially in top management levels.
October 7th, 2018 - 11:38 GMT

Bank Sohar Appoints Mr. Khalil Al Hedaifi as Chief Retail Banking Officer

Alex Coelho, CEO of Al Hilal Bank and Sultan Al Mahmood, Chief Human Resources Officer of Al Hilal Bank
October 7th, 2018 - 09:01 GMT

Al Hilal Bank Receives Human Resources and Emiratisation Award From MoHRE

Erdogan urged Turks on Tuesday to report stores that had imposed unusual price hikes during the currency crisis, and said authorities would raid those businesses if necessary. (AFP)
October 7th, 2018 - 07:20 GMT

Erdogan to Fine ‘Opportunists’ Taking Advantage of Volatile Foreign Exchange Rate

A first in Oman, NBO terminals will accept all contactless Mastercards, issued both in Oman and abroad.
October 7th, 2018 - 07:04 GMT

NBO Makes Payments Easier With 5,000 Contactless Touch Points Across Oman

During the meeting, the two sides conferd on the use of national currencies in bilateral trade, the use of financial messaging systems, the increase of the level of brokerage relationships, and the funding of civil and development projects. (Shutterstock)
October 7th, 2018 - 05:25 GMT

Iran, Russia Mull Ditching Dollar in Trade Ahead of US Sanctions

When the price of wheat or cooking oil or milk in local markets increases, even by the smallest amount, the impact is catastrophic and immediate. (Shutterstock)
October 7th, 2018 - 05:10 GMT

Famine to Hit Millions in Yemen Due to Currency Crisis

 The program brings together a global network of innovators ranging from startups to banks and merchants to shape the future of commerce in an agile and accelerated manner.
October 4th, 2018 - 10:10 GMT

Mastercard Drives Global Startup Ecosystem at Connecting Tomorrow Forum

The move, which is part of the company's ‘Beat the Heat’ initiative, resulted in the distribution of more than 1,000 water bottles to laborers across the UAE.
October 4th, 2018 - 10:05 GMT

Al Ansari Exchange Hands Out Cool Water Bottles to UAE Laborers via ‘Beat the Heat’ Initiative

Deloitte’s global strategy and multidisciplinary business model continued to deliver successes in FY2018.
October 4th, 2018 - 09:41 GMT

Deloitte Announces Record Revenue of $43.2 Billion

The regulator has approved the sale of TRL 18 billion in subordinated debt by various banks. (Shutterstock)
October 4th, 2018 - 07:49 GMT

Who Bought TRL 10.9 Billion of Turkish State Banks’ Debt Last Week?

The new bankruptcy law will introduce measures to allow company reorganization where the management is allowed to remain in place and continue business operations during the administration of a case, similar to the Chapter 11 process in the US. (Shutterstock)
October 4th, 2018 - 07:05 GMT

Bahrain Launches New Bankruptcy Law to Keep Investments Flowing

A total of 570 energy projects worth USD 77 billion are currently looking for financing. (Shutterstock)
October 4th, 2018 - 05:48 GMT

570 Arab Energy Projects Face a Financing Gap of $77 Billion

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