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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 Cycle of Growth
September 2nd, 2018 - 09:25 GMT

Al Hilal Bank Promotes Excellence in Customer and Employee Satisfaction

Mr. Yousif Ali Mirza, Chief Executive of CrediMax.
September 2nd, 2018 - 06:23 GMT

CrediMax Wraps Up UOB Summer Trainee Program

The bank also announced the lucky 5 winners of week 31.
September 2nd, 2018 - 04:30 GMT

Warba Bank Announces Winners of the 30th & 31st “Al Sunbula” Weekly Draws

During the event
August 30th, 2018 - 10:35 GMT

Bank Sohar Supports Oman Cancer Association

The duo seeks to jointly work on joint innovation projects on the application of key technologies like digital and mobile payments, blockchain and distributed ledgers and other areas of new technologies. (Shutterstock)
August 30th, 2018 - 09:58 GMT

Dubai Signs Fintech Agreement With Singapore's Monetary Authority

Banks are trimming branch numbers as consumers tilt towards online banking. (Shutterstock)
August 30th, 2018 - 08:55 GMT

Report: UAE Banks Laid off Over 600 Employees in 2017

The currency has lost about 40 per cent of its value against the dollar this year. (Shutterstock)
August 29th, 2018 - 11:49 GMT

Borrowing Limits Doubled for Banks in Turkey

The ratings agency said that the downgrades reflect a substantial increase in the risk of a downside scenario, where a further negative shift in investor sentiment could lead to a curtailing of wholesale funding. (Shutterstock)
August 29th, 2018 - 11:42 GMT

Moody's Downgrades 20 Financial Institutions in Turkey

The new development of Al-Sunbula account has increased the total number of winners to 24, and the total amount of prizes to 50,000 KD instead of 30,000 KD.
August 29th, 2018 - 07:40 GMT

Warba Bank Announces Al Sunbula Weekly Draw

During the ceremony.
August 29th, 2018 - 04:59 GMT

Al Ansari Exchange Announces the Fifth Millionaire of ‘Al Ansari Exchange Rewards – Summer Promotion’

The celebration was attended by the bank’s senior management and employees.
August 28th, 2018 - 10:43 GMT

FAB Celebrates Emirati Women’s Day 2018

During the event
August 28th, 2018 - 05:54 GMT

Dubai Islamic Bank Donates Dh5 Million for Kerala Flood Victims

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