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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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Bank ABC Islamic’s total assets at 31 March 2018 stood at US$1.653 billion, compared to US$1.559 billion at the 2017 year-end.
May 15th, 2018 - 02:21 GMT

Bank ABC Islamic Announces 28 Percent Increase in First Quarter Profit to $8.2 Million

John Iossifidis CEO Noor Bank reopens the Dubai Mall branch.
May 15th, 2018 - 01:26 GMT

Noor Bank Revamps the Dubai Mall Branch to Serve Growing Customer Base

The UAE reported a significant improvement in consumer confidence with an index of 118 in the fourth quarter of 2017. (Shutterstock)
May 15th, 2018 - 12:00 GMT

UAE Residents Are Optimistic on Their Personal Finances

Dr. Adnan Chilwan, Group CEO at DIB receiving the award.
May 15th, 2018 - 10:30 GMT

Dubai Islamic Bank Stands out at Banker ME Industry Awards

Mr Sudhakar Rao- Founder & Chairman of Gemini Group receiving the award.
May 15th, 2018 - 05:29 GMT

Forbes Middle East Honours Gemini’s Chairman Sudhakar Rao With Top Indian Business Leader Award

Bank ABC is a leading player in the region’s banking industry and provides innovative wholesale financial products and services.
May 15th, 2018 - 05:21 GMT

Bank ABC Announces First Quarter 2018 Net Profit of $53 Million

Ahmed Abdul Rahim, Ithmaar Holding Chief Executive Officer
May 14th, 2018 - 10:56 GMT

Ithmaar Holding and Ithmaar Bank, Report First Quarter Profits

Mr. Jassim Alseddiqi, Chairman of GFH Financial Group
May 14th, 2018 - 06:02 GMT

GFH Reports 14 Percent Growth in Its Net Profit for Shareholders of $36.48 Million for Q1 2018

Mr. Yousif Ali Mirza, CrediMax Chief Executive.
May 14th, 2018 - 05:05 GMT

First 'World Mastercard for Business' Corporate Card Launched in Bahrain

Corporate card programs offer more efficient, operational procedures and additional benefits such as travel insurance and rewards on spend.
May 13th, 2018 - 11:54 GMT

Mastercard Survey Reveals Significant Cost Savings for Firms Switching From Daily Cash Allowance to Corporate Cards

Ithmaar Bank employees during the event.
May 13th, 2018 - 11:28 GMT

Ithmaar Bank launches its new state-of-art eBanking service

Ms. Dalal AlQais, General Manager of BisB Retail Banking
May 13th, 2018 - 10:59 GMT

Bahrain Islamic Bank Enables Customers to Apply for All Its Banking Services Online

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