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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 annual general assembly meeting held on Monday April 9, 2018.
April 10th, 2018 - 07:46 GMT

Abu Dhabi National Takaful Unveils Strongest Annual Financial Results in 2017

Majed E. Al Ajee,l Chairman of Burgan Bank Group
April 9th, 2018 - 09:37 GMT

Burgan Bank Sponsors Kuwait Banking Association’s First 'Night Run'

The conference was held from 8 to 9 April 2018 in Manama.
April 8th, 2018 - 11:45 GMT

BisB Announces Gold Sponsorship of the 16th Annual Conference for Islamic Financial Institutions

The prestigious award was accepted by Gulf Bank Human Resources General Manager Salma Al Hajjaj accompanied by Assistant General Manager Jennah Al Mattar.
April 8th, 2018 - 11:39 GMT

Gulf Bank Wins Award for Youth Empowerment

During the event
April 8th, 2018 - 06:48 GMT

Gulf Bank: Fikra Program Successfully Concludes Its Third Edition

Ahmed Abdelaal, Head of Corporate and Investment Banking at Mashreq Bank
April 4th, 2018 - 10:50 GMT

TSYS, Mashreq Bank Announce the Successful Implementation of Primesm for Acquiring Services

As per the law, most financial services are VAT exempt in the UAE. (Shutterstock)
April 4th, 2018 - 08:22 GMT

UAE Banks May Hike Fees to Offset Additional VAT Costs in 2018

Yousif Ali Mirza, Chief Executive Officer, CrediMax
April 4th, 2018 - 07:25 GMT

CrediMax and Mastercard Launch UEFA Champions League Campaign

Khalifa Fund will also participate in the various activities, which will be held on the sidelines of the forum, including ‘AIM Startup’.
April 4th, 2018 - 07:04 GMT

Khalifa Fund to Showcase 20 Projects at Annual Investment Meeting

Dr. Hussein Abusaaq, Chief Economist and Head of the Research and Economic Studies Unit
April 4th, 2018 - 06:40 GMT

KPMG Al Fozan & Partners Establishes New Economics Research Unit

A proposed Islamic investment megabank is likely to be launched in 2018, according to Islamic Development Bank spokesman Abdul-Hakim Elwaer. (Courtesy of Anadolu Agency)
April 3rd, 2018 - 11:07 GMT

Turkey, Muslim Countries to Launch Islamic Megabank in 2018

FAB celebrates successful first year.
April 2nd, 2018 - 10:16 GMT

First Abu Dhabi Bank Celebrates Successful First Year

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