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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 Fan ID, provides fans with visa-free entry to Russia at the 2018 tournament.(Shutterstock)
September 3rd, 2018 - 08:21 GMT

Qatar Mulls Visa-Free Entry Scheme

Trade deficit of $2.48 billion last month was lowest monthly figure in last 9 years, says minister. (Shutterstock)
September 3rd, 2018 - 08:12 GMT

Foreign Trade Deficit Falls 58 Percent in Turkey

President Sisi at the signing of the economic agreements with Chinese companies in Beijing on Sunday (Photo: Egyptian Presidency)
September 3rd, 2018 - 08:07 GMT

Egypt Signs $18 Billion Worth Contracts With Chinese Investors

The sell-off has increased the cost of food and petrol and raised fears about the impact on the country’s wider economy and banks. (Shutterstock)
September 3rd, 2018 - 07:59 GMT

Turkey Rises Gas, Power Prices by 14 Percent

Bitcoin edged down by 0.5%.
September 3rd, 2018 - 07:49 GMT

Crypto Update: Bitcoin Slips Again, New Cryptocurrency to Be Launched

Cash withdrawls from ATM machines also rose more than 12 percent on a year earlier. (Shutterstock)
September 3rd, 2018 - 07:43 GMT

Improved Economic Outlook in Saudi Arabia

Rents in even prime Dubai locations like Downtown, Palm Jumeirah and Sheikh Zayed Road have fallen in 2018.
September 3rd, 2018 - 07:29 GMT

Dubai Rents Witnesses Another Fall

Syria has suffered immense physical destruction, while millions of workers have fled, been conscripted or killed. (AFP)
September 3rd, 2018 - 07:17 GMT

The Effects of US Sanctions on Reconstructing Syria

Why pay extra if you are travelling without check-in baggage? (File/Photo)
September 2nd, 2018 - 12:16 GMT

Pay Less With Etihad If You Travel Without Check-In Baggage

Last year Emirati policymakers changed some details of the law to make it less draconian, as part of the plan to bring in a modern bankruptcy structure in the UAE. Al-Mulla thinks it still has not gone far enough. (Shutterstock)
September 2nd, 2018 - 12:03 GMT

Abraaj Founder Lawyer Points out the Flaws of the UAE Legal System

A quarter of women in Saudi Arabia have already applied for a driving license and of those who have not, 3 in 5 intend to apply. Among these new drivers, the majority (78%) plan to buy a car. (Shutterstock)
September 2nd, 2018 - 11:45 GMT

Women Drivers to Transform the Automotive Industry in Saudi Arabia

Defining the best investment depends on the kind of yield sought. Some people aim for quick profits, while others make investments that should give yields in the longer term. (Shutterstock)
September 2nd, 2018 - 11:30 GMT

The Best Investment Options in Egypt

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