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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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Kuwait Energy expects to raise around $150 million from the IPO, which is expected to start trading in June.
 (Shutterstock)
May 4th, 2017 - 08:21 GMT

Kuwait Energy Files for Listing on London Exchange in OPEC first

Etisalat customer care center at Fujairah Mall. (File photo)
May 4th, 2017 - 07:48 GMT

Etisalat Joins Zain, STC in the Race for Oman’s Third Mobile License

An Egyptian man loads gas cylinders onto a truck to be refilled at a warehouse in Cairo, Egypt, on September 11, 2016. (AFP/ File)
May 4th, 2017 - 04:00 GMT

'Egypt Will Achieve Gas Self-Sufficiency by 2018, Surplus by 2020,' Says Minister

James Hogan, Etihad's President and CEO, said the carrier has done all it could to support Alitalia but is now backing off. (AFP/ Karim Sahib)
May 3rd, 2017 - 05:00 GMT

End of a Love Story: Etihad Says Goodbye to Alitalia In Tearful Farewell

The Organization of Petroleum Exporting Countries (OPEC) reached a deal to cut global oil production by 1.2 million barrels per day to balance an oversupplied market through managed production declines. (AFP/ Yasser Al Zayyat)
May 3rd, 2017 - 12:00 GMT

Kuwait Petroleum Reports $715 Million Net Profit Despite Competition, Oil Turbulence

The Saudi Telecom Company (STC) and Zain Kuwait are competing for Oman's third mobile licence. The winner will be announced on September 4, 2017. (Credit: AlBawaba)
May 3rd, 2017 - 10:50 GMT

Zain vs. STC: Who Will Win Oman's Third Mobile License?

Data released by Qatar Central Bank shows a surge in total private sector deposits at local banks. (AFP/ File)
May 3rd, 2017 - 10:27 GMT

Private Sector Deposits at Local Banks at Record Levels: Qatar Central Bank

Saudi Arabia's Deputy Crown Prince Muhammad Bin Salman talked to Al Arabiya in a rare TV interview broadcast on Tuesday evening. (AFP/ File)
May 3rd, 2017 - 09:03 GMT

Saudi Arabia's Non-Oil Income Doubled in Past Two Years: Deputy Crown Prince to Al Arabiya TV

Demonstrators clash with riot police in Turkey's capital, Istanbul. (AFP)
May 2nd, 2017 - 03:13 GMT

Tear Gas and Molotov Cocktails Mark Labor Day Celebrations in 2017: Photos

During his speech, Egyptian President Abdel Fattah Al-Sisi urged the parliament to finalize the legislation of several laws that are meant to regulate labor and workers’ rights, including the country's labor law. (AFP/ File)
May 2nd, 2017 - 02:52 GMT

Al-Sisi's New Labor Law Sparks Controversy, Backlash in Egypt

German Chancellor Angela Merkel sitting next to US President Donald Trump's daughter, Ivanka, during Merkel's visit to the US on March 17, 2017. (AFP)
May 2nd, 2017 - 02:06 GMT

Merkel Vows to Empower Women in Saudi Arabia With $200-Million Fund

The Iran Oil Show 2017 will kick off in capital Tehran on May 6, 2017, with a total number of around 4,000 exhibitors from 37 countries, including the US, Germany, Russia, and China. (AFP/ Eric Piermont)
May 2nd, 2017 - 01:20 GMT

Iran Gears Up For Giant Oil and Gas Show With Exhibitors From US, Russia, China and EU

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