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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 Royal Commission for Makkah and the Holy Sites will implement giant projects in Mecca and the holy sites plans to serve pilgrims and making their pilgrimage more comfortable. (Shutterstock)
September 10th, 2018 - 07:31 GMT

Saudi Holy Sites to Adopt Hi-Tech Projects

There were a total of 241,076 employees working in the wholesale business involving 36,379 establishments by the first quarter of 2018.
September 10th, 2018 - 06:55 GMT

Report: Expats Occupy More Than 70 Percent of Jobs in Wholesale Sector

Saudi companies are more optimistic about revenue growth than they were last year. (Shutterstock)
September 10th, 2018 - 06:40 GMT

Survey: Ernst & Young Predicts 10 Percent Growth for Saudi Companies

The new licenses need to obtain a 'No Objection Certificate' for the first year. (Shutterstock)
September 10th, 2018 - 06:31 GMT

Abu Dhabi New Guidelines to Facilitate Economic Licenses

Gold bonds and lease certificates will be issued to individual investors. (File/ Photo)
September 9th, 2018 - 09:00 GMT

Turkish Treasury to Issue New Gold-Based Securities

Iran has discussed trade in national currencies with Russia and Turkey in order to reduce the impact of U.S. dollar on the three countries’ trade and economies. (Shutterstock)
September 9th, 2018 - 08:58 GMT

Iran, Russia, Turkey to Ditch US Dollar in Trade

Investment opportunities in the hotel sector will increase by over SR100 million. This will create over 15,000 job opportunities for Saudi young men and women. (Shutterstock)
September 9th, 2018 - 08:54 GMT

Saudis to Access 15,000 Job Opportunities

With the tax projected to be put into effect in the near future in the sultanate, OABC and EY are working with companies throughout Oman to help them with this transition. (Shutterstock)
September 9th, 2018 - 08:27 GMT

Oman Gears Up Public for VAT Seminars

Among oil and gas products, refined products shot up by 39 per cent while crude oil and natural gas price soared by 17.9 per cent. (Shuttertsock)
September 9th, 2018 - 08:22 GMT

Oman's Producer Price-Based Inflation Rises by 17.7 Percent

Total deposits registered a growth of 4.5 per cent to OMR22.3 billion, with private sector deposits increasing by 4.7 per cent to OMR14.2 billion as at the end of June 2018. (Times of Oman)
September 9th, 2018 - 08:18 GMT

Banking Sector Credit in Oman Reaches OMR 24.3 Billion

Qatar is preparing to speed up the growth of its natural gas sector by 30 percent. (Shutterstock)
September 9th, 2018 - 08:10 GMT

Qatar to Expand Gas Sector by 30 Percent to Meet Vision 2030

The first Master Murabaha agreement was signed by Eng. Hani Salem Sonbol, Chief Executive Officer ITFC and Ahmed Yousef, Deputy Chairman of the Commodity Supply Authority. (SG)
September 9th, 2018 - 08:02 GMT

Egypt to Receive $3 Billion From ITFC Agreement

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