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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 public debt law has been long-delayed and the ministry has been working on it for years. (Shutterstock)
October 2nd, 2018 - 05:16 GMT

UAE Public Debt Law Delayed. Again.

Against the UAE dirham, the rupee was trading at 20.05 at 6:40am (UAE time) (Shutterstock)
October 2nd, 2018 - 05:09 GMT

Rupee Lowest at 20.05 Against UAE Dirham

Mr. Yousif Ali Mirza, Chief Executive of CrediMax
October 2nd, 2018 - 04:55 GMT

CrediMax Announces Visa Summer Campaign Winners

FAB’s digital wallet payit launches region’s first sound-based payment technology.
October 1st, 2018 - 11:55 GMT

FAB’s Digital Wallet Payit Launches Region’s First Sound-Based Payment Technology

‘NBO Moments’ continues to celebrate loyal NBO cardholders.
October 1st, 2018 - 11:48 GMT

Third Edition of ‘NBO Moments’ Continues to Create One-of-a-Kind Memories With Loyal Cardholders

During the event
October 1st, 2018 - 11:06 GMT

Noor Bank White Paper Highlights Growing Importance of Blockchain, E-Commerce in UAE Trade Finance Landscape

Cutting edge technology and innovation will be adopted as the official show theme for Arabian Travel Market (ATM) 2019. (Shutterstock)
October 1st, 2018 - 07:23 GMT

ATM to Showcase How AI and Automation Can Increase Hotel Revenues by 10 Percent

Bank ABC is a leading player in the region’s banking industry and provides innovative wholesale financial products and services.
October 1st, 2018 - 05:43 GMT

Bank ABC Appoints Amr El Nokaly As Group Head of Corporates

A gain of more than 1 percent in Industries Qatar and Qatar National Bank lifted Qatari stocks by 0.8 percent in early trade. Stocks in oil producing countries are showing strong momentum with oil prices at a four-year high, as US sanctions on Tehran squeezed Iranian crude exports. (Shutterstock)
October 1st, 2018 - 05:00 GMT

Strong Oil Prices Boost GCC Stocks, Led by Qatar and Saudi

Gartner researchers has put a figure of $155 billion on MENA region IT spending in 2018, with banking and securities firms leading spending growth. (Shutterstock)
October 1st, 2018 - 04:52 GMT

MENA Finance Firms Spend $155 Billion in Digital Disruptive Technologies

The Saudi debt management office expects $11 billion of inflows as a result of the entry into the indexes, the Saudi ministry of finance said in a statement. (Shutterstock)
October 1st, 2018 - 04:42 GMT

JP Morgan Bond Index Entry to Inject Saudi Arabia With $11 Billion

Bank Nizwa, Muscat Aviation Training Center MoU
September 30th, 2018 - 10:04 GMT

Bank Nizwa Offers Shari’a-Compliant Financing to Muscat Aviation Training Centre Customers

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