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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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Nestlé Water Jordan announced in a statement on Saturday its commitment to the “safety and health of the Jordanian consumer”. (Shutterstock)
September 2nd, 2018 - 11:20 GMT

Nestlé Withdraws Product in Jordan Due to Failure to Meet Specifications

State Department spokeswoman Heather Nauert said the business model and fiscal practices of the United Nations Relief and Works Agency made it an “irredeemably flawed operation”. (AFP)
September 2nd, 2018 - 11:09 GMT

Jordan Committed to Support UNRWA Despite US Halt of Funding

Another part of exchanges between the Iranian and Iraqi exporters are made in the form of barter. (Shutterstock)
September 2nd, 2018 - 10:11 GMT

Iran, Iraq Stop Dollar-Based Trade


Most barbershops in town offer skin and hair treatments, from cheaper Indian-owned barbers to the high-end men’s salons. (Shutterstock)
September 2nd, 2018 - 09:56 GMT

Men's Grooming Is a Billion-Dollar Industry


The MoU also aims to contribute to non-profit societal development, support women entrepreneurs and empower their initiatives in the industrial sector. (Shutterstock)
September 2nd, 2018 - 09:43 GMT

Saudi Arabia to Empower Women in Industrial Sector

An Abu Dhabi resident managed to climb a telecommunications tower and attempted to jump off it. (KhT)
September 2nd, 2018 - 09:28 GMT

Expat Suicide Attempt Thwarted by Police in UAE

Sources disclosed there is a law that allows expatriates to possess one real estate property measuring 1,000 square meters maximum which should be used for private housing. (Shutterstock)
September 2nd, 2018 - 09:00 GMT

Expats Can Own Real Estate Property in Kuwait Under Specific Rules

The duo seeks to jointly work on joint innovation projects on the application of key technologies like digital and mobile payments, blockchain and distributed ledgers and other areas of new technologies. (Shutterstock)
August 30th, 2018 - 09:58 GMT

Dubai Signs Fintech Agreement With Singapore's Monetary Authority

Aradhana Khowala is NEOM's new Managing Director of Tourism. (Arab News)
August 30th, 2018 - 09:49 GMT

Aradhana Khowala as Tourism Head of Saudi Arabia's NEOM

Two billion people depend on groundwater sourced from transboundary aquifer systems. (Shutterstock)
August 30th, 2018 - 09:44 GMT

Arab Region Faces the Challenge of Water Scarcity

KhalifaSat, an earth observation satellite, will join the UAE’s two imaging satellites already in orbit – DubaiSat-1 and DubaiSat-2. (tahawultech)
August 30th, 2018 - 09:37 GMT

First UAE-Made Satellite to Launch in October

The airport clocked monthly traffic exceeding 8 million passengers on three other occasions last year – in January (8.03 million), July (8.06 million) and August (8.23 million). (Shutterstock)
August 30th, 2018 - 09:32 GMT

Dubai Welcomes More Than 8 Million Passengers in July

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