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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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Iran underlines that the IAEA is the sole competent authority responsible for the verification of the fulfillment of safeguards obligations. (Shutterstock)
November 11th, 2018 - 04:35 GMT

Iran Fights for Right to Develop National Nuclear Fuel Cycle

This is a bid for the UAE to achieve regional and global leadership in attracting innovation and advanced technology applications such as self-driving vehicles and AI in health. (Shutterstock)
November 11th, 2018 - 04:29 GMT

UAE Issues New Law for Future Technologies Applications

The decision was made after "a broad assessment of recent developments in Saudi Arabia and the unclear situation in Yemen", according to a statement by the foreign ministry. (Shutterstock)
November 11th, 2018 - 04:19 GMT

Norway Joins Germany in Arms Export Boycott Against Saudi Arabia

It is great for oil countries to fix goals and targets, and show the world its commitment to stabilize energy price. (Shutterstock)
November 11th, 2018 - 04:07 GMT

Opinion: Are Arab Oil Producers' Claims of Ability to Increase Production Empty Promises?

Those arrested included 13 Saudis, 16 Yemenis, 13 Ethiopians, one Afghan and one Somali, after they were monitored crossing the Kingdom’s southern border, including the areas of Jazan, Najran and Asir. (SPA)
November 11th, 2018 - 04:01 GMT

Saudi Succeeds in Stopping More Than Half a Ton of Hashish to Enter the Country in Past Month

The new customs gate was named after Turkey's Operation Olive Branch, which was launched on Jan. 20 to free Afrin of YPG/PKK and Daesh terrorists. (Shutterstock)
November 11th, 2018 - 03:56 GMT

Turkey, Syria Trade Resumes With New Customs Gate Opening

"New economic sanctions on Iran do not target Iran's population. They target the Iranian regime's behavior," (Shutterstock)
November 11th, 2018 - 03:50 GMT

Iraq Gets 45-Day Sanctions Waiver Period for Iranian Gas and Electricity Imports, But There Is a Catch

n his speech, HE al-Muraikhi thanked the government of Norway for hosting the GFF Replenishment event, in partnership with the government of Burkina Faso, Bill and Melinda Gates Foundation and the World Bank Group. (Gulf Times)
November 8th, 2018 - 03:49 GMT

Global Financing Facility to Receive $30 Million From Qatar

The paper further stated that the fact that some of the biggest names in technology in the world have agreed to be partners in the tutoring and training of the One Million Arab Coders programme attests to the impact this initiative is poised to deliver. (Shutterstock)
November 8th, 2018 - 03:41 GMT

Dubai Attracts 22,000 Coders in Bid to Empower the Tech Industry Through Youth

Audiences will be able to watch dramas including Vanity Fair,Victoria and Vera and programmes such as The Voice UK and The Voice Kids, among others. (ITV)
November 8th, 2018 - 03:34 GMT

UK’s ITV Choice Enters the Middle East via MyHD Partnership

A security source said this happened in the background of letters issued by the Undersecretary of the Criminal Security at the Ministry of Interior Major-General Khalid Al-Dayeen to the Undersecretary of the Ministry of Interior and the issue was discussed at the highest level. (Shutterstock)
November 8th, 2018 - 03:23 GMT

Citing Security Concerns, Kuwait Bans Entry to These Nationalities

Misk Innovation was set up to help young Saudis to embrace the technological revolution. It aimed to provide a comprehensive framework to discover, develop and empower young Saudis. (Shutterstock)
November 8th, 2018 - 03:12 GMT

Saudi Wants to Be the Next Innovation Hub. Will Techies Answer the Call?

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