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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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The statistics show that 1,038 properties were purchased by GCC nationals in August 2018. (Shutterstock)
October 22nd, 2018 - 06:31 GMT

This Country Is the Preferred Choice for GCC Citizens Property Investments, and Its Neither Dubai nor Lebanon

The Saudi index closed up 0.2 percent on Sunday after falling as much as 3.5 percent earlier in the session. (AFP)
October 22nd, 2018 - 06:25 GMT

Foreigners Sell $1.1 Billion of Saudi Stocks as Khashoggi Death Spooks Investors

So far $8 billion has reached Egyptian coffers. (Shutterstock)
October 22nd, 2018 - 06:05 GMT

Egypt's Economy Is Improving, but IMF Obligations Remain

“Lebanon has a lot of assets. It has properties. It owns all its public facilities and should expect big incomes estimated at more than $300 billion from oil and gas. (Shutterstock)
October 22nd, 2018 - 05:59 GMT

Private Sector Could Save Lebanon's Economy, but Politics Should Pitch In

In a statement on Friday, Ghasemi expressed satisfaction that a majority of FATF members were not influenced by political pressure of the US. (Shutterstock)
October 21st, 2018 - 07:50 GMT

Iran Hails FATF’s Deadline Extension

Traditional practices that place greater emphasis on preventive healthcare, such as ayurveda, homeopathy, and yoga, have significantly contributed to the robust growth of this sector, catering to loyal clients who visit every year on average. (Shutterstock)
October 21st, 2018 - 06:46 GMT

UAE's Tourism Industry Is Banking on Wellness to Reach Half a Million Tourists a Year by 2020

Qatari business owners are interested in identifying investment opportunities in the industrial sectors of Oman. (Made In Qatar)
October 21st, 2018 - 06:37 GMT

‘Made in Qatar’ Oman Edition Offers Mega Investments Ops via 214 Qatari Companies

He reiterated that the British government backs Joint Comprehensive Plan of Action (JCPOA) wholeheartedly. (AFP)
October 21st, 2018 - 06:28 GMT

Ex-UK Foreign Secretary Warns US Against Iran Sanctions and Withdrawal From JCPOA

The tower was designed by architects Rafael de la Hoz and Hakim Benjelloun and will feature a luxury hotel in addition to offices and apartments. A viewing terrace is also being planned for the top of the tower. (Bank of Africa)
October 21st, 2018 - 06:22 GMT

Morocco to House Africa's Tallest Tower

Zied Ladhari said that the authorities and businessmen in Tunisia and Morocco have become convinced more than any time in the necessity of activating the joint bilateral and regional agreements and conventions that enhance cooperation between the two countries. (Shutterstock)
October 21st, 2018 - 06:12 GMT

Morocco, Tunisia to Power up Their Lucrative Vehicles Industry

The current USA administration, since its inception, has been calling for lower prices and attacking any move made by OPEC. Nothing seems to satisfy them. (Shutterstock)
October 21st, 2018 - 06:07 GMT

Opinion: NOPEC Could Happen

A member of the committee MP Mohammad Al- Dalal stressed the need to prioritize Kuwaitis for jobs especially in the private sector, adding that the number of expatriates especially those from Egypt and the Philippines must be reviewed. (Shutterstock)
October 21st, 2018 - 06:00 GMT

Kuwait Wants Less Expats in Public Sector to Make Room for 12,000 Unemployed Citizens

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