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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
July 25th, 2018 - 05:50 GMT

Bahrain Islamic Bank’s Chief Executive Officer Congratulates the Bahraini Winners

Mr. Dhafer Sahmi Al Ahbabi, Chairman of Al Ramz.
July 24th, 2018 - 05:49 GMT

Al Ramz Corporation Announces Its 2018 Second Quarter and Interim Financial Results

The new enhanced prizes of the 2018 AlWatani Savings scheme provides customers the chance to win an even bigger array of valuable prizes.
July 24th, 2018 - 05:32 GMT

NBB Announces 15 'Alwatani Saving Scheme' Monthly Cash Winners for June

Hamad Abdulmohsen Al-Marzouq, Chairman of Kuwait Finance House
July 24th, 2018 - 05:16 GMT

Al-Marzouq: KD95.2 Million Net Profit for KFH Shareholders in H1 2018 – an Increase of 16.6 Percent

Khurram Mian, MENA Assurance Leader, EY
July 23rd, 2018 - 10:05 GMT

EY Appoints Khurram Mian to Lead the MENA Assurance Practice

The central bank said that, 85 per cent of those debts are owed to local banks, while the remaining 15 per cent are owed to financial facilities companies. (Shutterstock)
July 23rd, 2018 - 09:18 GMT

Kuwait Banks Burdened with $1.8 Billion Bad Debts for Laid off Expats

HSBC and Credit Suisse were selected based on their expertise and credentials in the investment banking industry. (Shutterstock)
July 23rd, 2018 - 09:04 GMT

HSBC,Credit Suisse Evaluates KFH Potential Merger with AUB

Rohit Garg, Head of Business Banking, Mashreq Bank
July 23rd, 2018 - 09:00 GMT

Mashreq Launches Cashback Campaign for Business Banking

The findings also highlighted that a number of businesses have choosen to outsource their VAT projects which have resulted in an additional cost to the business.
July 23rd, 2018 - 08:30 GMT

'VAT Is Here to Stay, so Businesses Should Use It as an Opportunity' States ACCA and Thomson Reuters

During the meeting, the Board discussed various items on the agenda, made numerous decisions and approved both the financial statements and the 2017 annual report.
July 23rd, 2018 - 07:23 GMT

Emirates Development Bank Board of Directors Approves 2017 Annual Report and Reviews the Main Achievements of H1 of 2018

During the event
July 22nd, 2018 - 05:47 GMT

Dubai Islamic Bank and Emirates Skywards Soar to New Heights Launching Co-Branded Credit Cards

The signing ceremony was attended by Ms. Dalal AlQais, General Manager of Retail Banking of BisB and Ms. Shahnaz Al Qaseer, Chief Operating Officer of Dadabhai Travel.
July 22nd, 2018 - 05:17 GMT

Bahrain Islamic Bank Secures a Partnership Deal With Dadabhai Travel

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