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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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Shortly after the announcement, Trump tweeted what looks like a movie poster image of himself walking that takes creative inspiration from the TV series “Game of Thrones” to announce the reimposition of sanctions. (Shutterstock)
November 4th, 2018 - 02:35 GMT

Trump Restores Pre-Obama Iran Sanctions

If You're in the Automotive Industry in MENA, Watch out for These Future Trends. (Shutterstock)
November 1st, 2018 - 08:43 GMT

If You're in the Automotive Industry in MENA, Watch out for These Future Trends

Investcorp has invested more than GBP 250 million across its portfolio of UK and European real estate assets since June 2017. (Shutterstock)
November 1st, 2018 - 08:37 GMT

Investcorp Puts More Eggs in UK Basket With Industrial Units Acquisitions in Scotland

Bahrain’s Apm Terminals IPO to Raise Over $30 Million. (Shutterstock)
November 1st, 2018 - 08:31 GMT

Bahrain’s APM Terminals IPO to Raise Over $30 Million

FIFA President Gianni Infantino. (AFP)
November 1st, 2018 - 08:16 GMT

Qatar Might Witness World Cup Teams Expansion, but Will Neighbouring Countries Play Ball?

Morocco Wants German Investments to Power Its Emerging Industries. (Shutterstock)
November 1st, 2018 - 08:01 GMT

Morocco Wants German Investments to Power Its Emerging Industries

Qatar has been praised for its rapid labour reforms. (Shutterstock)
November 1st, 2018 - 07:45 GMT

Qatar Fund Aims to Help Migrant Workers in Bid to Meet UN Obligations

“Unfortunately, often when that tax goes up the illicit trade will go up,” said LeMoult, speaking at the third Global Illicit Trade Forum in Abu Dhabi. (Shutterstock)
November 1st, 2018 - 03:30 GMT

Illicit Trade in GCC Rises as VAT and Taxation Increase

On Tuesday, the executive director of the International Energy Agency (IEA), Fatih Birol, warned that high oil prices hurt consumers and could harm producers. (Shutterstock)
November 1st, 2018 - 03:25 GMT

Oil Prices Rising Despite Output Increase and Iran Sanctions

The Algerian state-owned Sonatrach developed a strategic vision for 2030 to become one of the world's top five oil corporations, Guitouni pointed out. (Shutterstock)
November 1st, 2018 - 03:20 GMT

Algeria Taps Into Shale Gas Reserves, With Production Slated Within Five Years

The U.S. reimposed other non-oil sanctions in August, but next week's tranche is expected to have the greatest economic effect. (Shutterstock)
November 1st, 2018 - 03:14 GMT

US May Grant Waivers as Iran Sanctions Loom

As the U.S. financial system increasingly becomes an extension of Trump’s national-security policy, European policymakers have begun to lament the “tyranny” of the dollar. (Shutterstock)
November 1st, 2018 - 03:09 GMT

How Trump Is Using the Dollar to Reshape the Middle East

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