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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 unemployment is now over 50 percent – and over 70 percent among Gaza's youth. (Shutterstock)
October 9th, 2018 - 05:19 GMT

Unemployment in Gaza Reaches 50 Percent

Erdogan added Turkey is “far from needing” a loan or technical assistance from the IMF. (Shutterstock)
October 9th, 2018 - 05:08 GMT

Turkey Rules out Any Assistance From IMF

The prince said the figure he’s watching is the share of wages in the budget. He said it’s down from 50 per cent in 2015 to 42 per cent today, and “in 2020, I believe it will be below 40 per cent.” (Shutterstock)
October 9th, 2018 - 05:02 GMT

Rising Unemployment and Decreasing Foreign Investment Are Not Deterring Bin Salman

The challenges that Turkey faces will require a comprehensive policy package comprising monetary, fiscal, quasi-fiscal, and financial sector policies. (Shutterstock)
October 9th, 2018 - 04:55 GMT

IMF Urges Turkey to Take Drastic Measures to Fix Economy

The Opec Fund for International Development (OFID) is financing energy projects worth $1.6 billion in Arab countries. (Shutterstock)
October 8th, 2018 - 07:05 GMT

OFID to Pump $1.6 Billion Into Energy Investments in Arab Region

Today SABIC’s chemical operations embrace the world, with plants in Geleen, in the Netherlands, and Yanbu in Saudi Arabia, but its striking headquarters are still in Riyadh. (Arab News)
October 8th, 2018 - 06:55 GMT

This Is Why Sabic Is Important to Saudi, and It's Not Just the $70 Billion

Under the theme of “Gaza Deserves to Live,” the drive is aimed at pushing forward the development and reconstruction of Gaza. (Shutterstock)
October 8th, 2018 - 06:34 GMT

Qatar Rushes to Gaza's Aid With Multi-Million Infrastructure Projects

Qatar’s trade volume with 11 countries that are participating in the International Products Exhibition and Conference (IPEC) totalled nearly QR20bn in 2017, official figures show.
October 8th, 2018 - 06:24 GMT

This Is How Much Qatar Spends on Trade With Its Regional Allies

The visiting side urged QC to facilitate large-scale export of liquefied petroleum gas (LPG) to Pakistan to help plug its shortage. (Shutterstock)
October 8th, 2018 - 06:11 GMT

Pakistan Requests Access to Qatari LPG to Address Its 400,000 Tonne Deficit

The bill is yet to be approved by the parliament’s upper house, which is expected to hold a similar session later this week. (Shutterstock)
October 8th, 2018 - 05:48 GMT

VAT Law Draft Finds Favour With Bahraini MPs

Bitcoin’s potential to replace fiat currencies as a way of doing business brought about a wave of excitement in 2013 and 2014, leading to a rally in its price that hit $19,511 in mid-December. (Shutterstock)
October 8th, 2018 - 05:40 GMT

With Volatility at 17-Month Low, Has Bitcoin Reached a Tulip Fever Moment?

The crown prince, facing US pressure to tame surging oil prices, also said that the Kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. (Shutterstock)
October 8th, 2018 - 05:33 GMT

Bin Salman's Aramco IPO Confirmation Falls Deaf on Saudi and GCC Stocks

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