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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 event is one of many initiatives taken by CrediMax to celebrate Ramadan and gives opportunity for both CrediMax Management and its Customers and Merchants.
May 29th, 2018 - 06:06 GMT

CrediMax Bahrain Hosts Its Annual VIP Ghabga Gathering

During the event
May 28th, 2018 - 07:43 GMT

Bahrain Islamic Bank Organizes Its Third Town Hall for Its Employees

Mr. Khalid Ramadan and Mr. Turki AlMuharib from Bank Al Jazira during the award ceremony in Berlin recently
May 28th, 2018 - 05:46 GMT

Bank Aljazira Received Contact Center Awards for 2018

Fintech is a portmanteau of financial technology that describes an emerging financial services sector in the 21st century. (Shutterstock)
May 27th, 2018 - 08:17 GMT

Internet Business in Iran to Use Fintech Soon

The number of automatic teller machines (ATMs) operated by banks in the UAE hit 5,274. (Pixabay)
May 27th, 2018 - 07:43 GMT

UAE Banks Operate 5,274 ATMs

The country has retained its position as the world’s largest donor of official development assistance relative to national income for the fifth year in a row.
May 24th, 2018 - 10:54 GMT

Sheikh Mohammed bin Rashid Al Maktoum Honours Abu Dhabi Fund for Development for Positive Impact in Development Assistance

Chittagong Factory - Bangladesh
May 23rd, 2018 - 11:06 GMT

Abu Dhabi Fund for Development Finances 11 Projects Worth Dh1.4 Billion in 2017

Khalid Elgibali, Division President, MENA, Mastercard , Hameed Mohammed Abul, Acting Group Chief Private Banking Officer of Burgan Bank
May 23rd, 2018 - 09:02 GMT

Mastercard and Burgan Bank Bring Mastercard World Elite Card to Kuwait

During the workshops
May 22nd, 2018 - 09:15 GMT

National Bank of Bahrain Teams Complete Leadership Development Workshops Across All Levels

During the event
May 22nd, 2018 - 08:11 GMT

Burgan Bank Announces the New Winner of the Al Thuraya Salary Account Monthly Draw

The UAE banking sector remained well capitalised, with solid liquidity buffers, stable funding, and improved profitability.
May 22nd, 2018 - 06:36 GMT

Central Bank of UAE Publishes 2017 Financial Stability Report

Ms. Dalal Al-Dousari, Gulf Bank’s Head of Investor Relations
May 21st, 2018 - 10:42 GMT

Moody’s Revised Gulf Bank’s outlook to 'Positive' from 'Stable'

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