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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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During the event
September 18th, 2018 - 10:37 GMT

National Bank of Oman Partners With ONEIC for Real-Time Online PASI Payments

Mr. Majed Essa Al-Ajeel, Chairman of the Board of Burgan Bank Group
September 18th, 2018 - 10:28 GMT

Burgan Bank Group Is Currently Not Experiencing Any Material Impact on Its Profitability

Dubai and Abu Dhabi in the United Arab Emirates (UAE) could soon join London, New York and Hong Kong in the world’s top 10 global financial centre rankings. (Shutterstock)
September 18th, 2018 - 09:47 GMT

New UAE Visa Law Might Propel It to Top 10 World Financial Hubs

The General Council for Islamic Banks and Financial Institutions (CIBAFI) said treatment of real estate across Islamic finance jurisdictions still reflected Basel II or pre-reform Basel III rules. (Shutterstock)
September 17th, 2018 - 07:46 GMT

Islamic Banks Urged to Update Property Rules to Protect $1.3 Trillion Global Assets

ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent. (File/ Photo)
September 17th, 2018 - 05:15 GMT

Strong Tier-One Perpetual Sukuk Debut for ADIB With $750 Million

During the event
September 17th, 2018 - 04:05 GMT

Bank Sohar Recognized as One of Oman’s Best Performing Companies at AIWA Awards

During the ceremony
September 16th, 2018 - 09:34 GMT

National Bank of Oman Continues to Reward Al Kanz Account Holders

Mrs. Haneen Al Rumaihi, Assistant General Manager – Marketing & Product development with Al KazemiTravel & Tourism representatives
September 16th, 2018 - 04:45 GMT

Burgan Bank Collaborates Exclusively With Al Kazemi Travel & Tourism to Offer Exclusive Discounts

Bank Sohar has continued to make rapid advancements in its work for greater digitization
September 16th, 2018 - 04:20 GMT

Excelling Customer Experience, Open Your Account With Bank Sohar in 5 Minutes

Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)
September 13th, 2018 - 09:03 GMT

Agencies Downgrade Turkish Banks in Response to Market Volatility

a group of the summer internship students at KPMG in Bahrain.
September 12th, 2018 - 07:53 GMT

23 University Students Concludes Their Summer Internship Program at KPMG

This year’s Challenge will see ADCB and ADGM work directly with a selected FinTech firm to create a purpose-built, targeted solution to address a pressing business need.
September 11th, 2018 - 10:23 GMT

ADCB Set to Work With Fintech Abu Dhabi Innovation Challenge as ‘Corporate Champion’

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