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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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According to the circular, the applicant must be a Kuwaiti citizen. He must have a general driving license.
October 25th, 2018 - 04:44 GMT

"100 Percent Kuwaiti" Push Continues as Airport Taxis License Chime In

The deal came as Pakistani Prime Minister Imran Khan attended the opening of the Future Investment Initiative in Riyadh on Tuesday. (AFP)
October 25th, 2018 - 04:40 GMT

Saudi Arabia Extends a $6 Billion Aid Pledge to Pakistan

Global index provider MSCI classified the Saudi equity market as an emerging market in June, a move expected to attract billions of dollars of passive funds. (Shutterstock)
October 25th, 2018 - 04:35 GMT

Saudi Cabinet Amends Laws to Lure Foreign Investments in These Sectors

Saudi Arabia is the U.S.’s main weapon buyer. According to Stockholm International Peace Research Institute (SIPRI), the data shows Riyadh made up 18 percent of total U.S. arms sales during 2013-2017 period. (Shutterstock)
October 25th, 2018 - 04:31 GMT

EU Countries Under Pressure to Cease Arms Deals With Saudi Following Khashoggi Death

Highlighting that unsafe food threatened especially young children, the report added: "Although children under 5 make up only 9 percent of the world’s population, they account for almost 40 percent of foodborne disease and 30 percent of related deaths." (Shutterstock)
October 25th, 2018 - 04:24 GMT

Contaminated Food Comes With a $110 Billion Tab Annually

Cavusoglu said President Recep Tayyip Erdogan had previously mentioned that Turkey is taking natural gas from Russia and Iran and if it does not have more options, the country would have to continue taking gas from those two countries. (Shutterstock)
October 25th, 2018 - 04:19 GMT

Turkey Demands Waiver From US Sanctions on Iran

According to the statement, the MOUs support Saudi Aramco's forward-looking strategy across business units, including downstream, offshore, and engineering. (Saudi Aramco)
October 25th, 2018 - 04:14 GMT

Energy MoU's Take the Lion's Share at Saudi's FII With Saudi Aramco Hitting $34 Billion

There is a plan to develop between 30 and 50 oil wells which will increase energy production in Tunisia. (Shutterstock)
October 24th, 2018 - 06:25 GMT

Tunisia to Drill for 20 Oil Wells by 2020

Non-metallic minerals, such as sand, gravel, limestone and crushed rock account for more than half of total materials consumed today in gigatonne terms. (Shutterstock)
October 24th, 2018 - 06:23 GMT

Report: The World Will Double Its Raw Materials Consumption by 2060

The Munich_based company had already decided to recall 480,000 vehicles in Asia and Europe after fires were reported in South Korea. (Shutterstock)
October 24th, 2018 - 06:19 GMT

BMW Recalls 1.6 Million Vehicles Worldwide

Chinese Ambassador to Jordan Pan Weifang praised the “distinguished” Chinese-Jordanian relations at all levels, especially in the economic field, calling for investing these ties to achieve benefits for both sides. (Shutterstock)
October 24th, 2018 - 06:16 GMT

Jordan Eager to Increase China Trade, Currently at $1.637 Billion

"+Qatar" campaign has promoted Qatar as a transit destination and increased passengers wishing to stop in Qatar by 40%, in addition to creating new tourism models. (Shutterstock)
October 24th, 2018 - 06:09 GMT

Qatar Is Flexing Its Tourism Muscles

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