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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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Garanti Bank sold $250 million worth of loans to Chinese and American banks and Halkbank is also in talks to sell loans. (Pixabay)
August 5th, 2018 - 11:46 GMT

Turkish Banks Free up Cash Through Foreign Lenders

It is worth mentioning that the Eideya delivery service comes as part of the bank’s wide range of valuable privileges and benefits that is especially designated for its Premier customers.
August 5th, 2018 - 06:17 GMT

Burgan Bank Offers Free Eideya Delivery Service to Premier Banking Customers

The UAE has 46 commercial banks for 9.5mn people, while Saudi Arabia has 12 local lenders and 14 foreign-bank branches for 33.6mn people, according to central bank data and information from Worldometers. (Shutterstock)
August 2nd, 2018 - 11:34 GMT

The Reasons Behind GCC Banks Mergers

Alain Marckus, Managing Director and Head of Investment Strategy and Investment Management for FAB Personal Banking Group
August 2nd, 2018 - 10:25 GMT

FAB Appoints Head of Investment Strategy and Investment Management for Personal Banking

ABC Islamic Bank’s total assets stood at US$1.749 billion as of June 30, 2018 compared to US$1.559 billion at 2017 year-end.
August 2nd, 2018 - 06:55 GMT

Bank ABC Islamic Announces Half-Year Net Profit of $15.6 Million

Isam Al-Sager, NBK Group Chief Executive Officer
August 2nd, 2018 - 06:50 GMT

NBK-Bahrain Reports Net Profits of BHD 55 Million for the First Half of 2018, up 19.4 Percent Y-O-Y

Loulwa Abdulla Al-Ayoubi - Acting Group Head of Investor & Corporate Communications, Burgan Bank
August 1st, 2018 - 11:45 GMT

Burgan Bank Contributes to the Integration of Children with Autism into Society through Support of Autism Partnership - Kuwait

Dubai Gold and Commodities Exchange (DGCX) has begun H2 strongly, recording an Average Open Interest (AOI) of 323,477 contracts in July.
August 1st, 2018 - 11:02 GMT

DGCX Records Highest Average Open Interest, Surpassing 300,000 Contracts for July

An increasing number of Western banks and fund managers are looking to expand in the Kingdom. (Shutterstock)
August 1st, 2018 - 06:29 GMT

Credit Suisse Seeks Full Banking Licence in Saudi Arabia

Mysk Al Mouj’s employees from the various department participated in the initiative at the venue’s stunning premises.
July 31st, 2018 - 11:53 GMT

Mysk Al Mouj by Shaza Answers National Call for Blood Donation

Mr. Yousif Ali Mirza, CrediMax Chief Executive
July 31st, 2018 - 11:37 GMT

CrediMax Wins 2018 Best Digital Wallet GCC Award

Arun Hari, Gulf International Bank Group Chief Risk Officer
July 31st, 2018 - 11:24 GMT

Arun Hari Appointed Group Chief Risk Officer at GIB

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