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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 millennial travellers are the key target for mid-market hotels. (Shutterstock)
September 16th, 2018 - 06:01 GMT

Could Mid-Market Hotels Attract More Millennials to Dubai?

Social can, amongst other things, increase brand awareness, strengthen brand credibility, expand audience reach and influence customers across all the stages of the funnel. (Pexels)
September 16th, 2018 - 05:43 GMT

How to Create a Social Media Strategy for Your Content Marketing Program

The Directorate of Traffic and Patrols in the Central Operations Sector of Abu Dhabi Police reinforced the importance of following traffic safety rules. (Shutterstock)
September 16th, 2018 - 04:54 GMT

This Traffic Violation in UAE Will Get You a Yellow Card

The ministry is seeking to boost trade and investment cooperation with other African countries. (Shutterstock)
September 13th, 2018 - 10:26 GMT

African Export-Import Bank Allocates $2 Billion to Egypt's Financing Programs

IranAir signed a contract worth over $400 million with the Franco-Italian aircraft manufacturer in 2017 for the delivery of 20 ATR 72-600s. (Shutterstock)
September 13th, 2018 - 10:01 GMT

IranAir to Sue ATR Over Breaching $400 Million Deal Under US Sanctions

would likely begin to benefit some of the 200 primary health care facilities across Lebanon in 2019 (Shutterstock)
September 13th, 2018 - 09:29 GMT

Lebanon Approves $150 Million in Soft Loans for Healthcare

The rise of Islamic finance startups in recent times is increasingly opening the industry up to innovations. (Shutterstock)
September 13th, 2018 - 09:17 GMT

Will Islamic Scholars Catch up With Islamic Finance Startups?

Risks to financial stability remain significant given unpredictability in the policy framework and Turkey’s large external financing requirements. (Shutterstock)
September 13th, 2018 - 09:03 GMT

Agencies Downgrade Turkish Banks in Response to Market Volatility

Iranian government earns budget from various sources including the revenues and offering capital assets and divesting financial assets to the private sector. (Shutterstock)
September 13th, 2018 - 08:49 GMT

Iran's Tax Revenues Surpass $8.5 Billion in 4 Months

The Jordanian minister said the Qatari authorities are interested in implementing projects in the tourism and energy sectors in the kingdom. (Shutterstock)
September 13th, 2018 - 08:40 GMT

Qatari $500 Million Investments Eye Tourism and Energy Sectors in Jordan

The DIFC has been seeing a consistent influx of foreign companies. (Shutterstock)
September 13th, 2018 - 07:24 GMT

Dubai Ranks 15th Worldwide in Global Financial Centre Index

OPEC opened the flood gates this summer by increasing crude oil production by 278,000 barrels a day from July to August. (Shutterstock)
September 13th, 2018 - 07:09 GMT

OPEC Ups Production to 278,000 Barrels a Day

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