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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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Traditional Islamic scholarship raised objections to the basic concept of the industry, arguing that it contained elements of risk, gambling and usury that made it incompatible with the teachings of the Qur’an.
September 17th, 2018 - 05:58 GMT

How Saudi Found "Forbidden" Love in the $10 Billion Risk Business

Flynas stated that the “Future Pilots” programme aims to recruit 200 male and female pilots over the next five years, while the “Flight Attendants” programme aims to attract 300 Saudi male and female flight attendants within two years. (Shutterstock)
September 17th, 2018 - 05:40 GMT

Flynas Aims to Recruit 500 Male and Female Saudi Nationals

ADIB, which is rated A2 by Moody’s and A+ by Fitch, in each case with a stable outlook, priced the non-call, five-year Sukuk at a profit rate of 7.13 per cent. (File/ Photo)
September 17th, 2018 - 05:15 GMT

Strong Tier-One Perpetual Sukuk Debut for ADIB With $750 Million

Blackmail and banking frauds are among the top cybercrimes registered in Dubai. (Shutterstock)
September 16th, 2018 - 08:31 GMT

Over 50 Percent of Cyber Extortion Victims in the GCC Are Females

EU powers are in talks over launching a payments channel that would enable European companies to trade with Iran. (Shutterstock)
September 16th, 2018 - 08:09 GMT

EU to Launch Finance Tool to Dodge US Sanctions on Iran

In the past month, 1.8 billion euro has been paid for importing basic goods including oil, meat, rice, medical equipment. (Shutterstock)
September 16th, 2018 - 07:57 GMT

Importing Basic Goods Cost Iran €3.2 Billion

The private sector has urged the government to suspend or even cancel the lump sum tax because most businesses are not generating enough revenues to make ends meet. (Shutterstock)
September 16th, 2018 - 07:45 GMT

Lebanon Yields to Private Sector and Suspends Fixed Tax

As foreigners leave, services and real estate sectors slow. (AFP)
September 16th, 2018 - 07:39 GMT

Report: Kuwaitization Might Be Constraining the Economy

Qatar and Spain have agreed to establish an institutional framework for co-operation to achieve common objectives. (Shutterstock)
September 16th, 2018 - 07:28 GMT

Qatar, Spain to Increase Bilateral Investments

According to the International Monetary Fund, the rate of real (inflation-adjusted) world GDP growth averaged 3.7 percent in 2000-2010. (Shutterstock)
September 16th, 2018 - 06:50 GMT

Is the Global Economy Recovering Since 2008 Crisis?

The new system will make the recruitment process smooth by providing all recruitment services and procedures through one channel. (Shutterstock)
September 16th, 2018 - 06:42 GMT

Qatar Goes High-Tech to Ease Residency Procedures

The UAE passport has moved up the ranks again among the most powerful in the world. (Shutterstock)
September 16th, 2018 - 06:30 GMT

UAE Passport 9th Most Powerful in the World

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