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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 UAE hopes to attract new industrial investments worth over $70 billion to increase the contribution of the industrial sector to the GDP from 14 percent to 25 percent by 2025. (File photo)
May 1st, 2017 - 12:02 GMT

Is $26.7 billion enough to boost Abu Dhabi's industrial sector?

Headquartered in Amman, the Arab Bank is one of the Arab world's largest privately-owned banks and operates in 30 countries as of January 2016. (AFP/ File)
May 1st, 2017 - 09:16 GMT

Arab Bank records $218M net profit in Q1 2017

Tunisia is celebrating the 40th anniversary of the first part of “Star Wars” which was filmed in the Tunisian governorate of Tozeur. (YouTube)
April 30th, 2017 - 03:48 GMT

Can 'Star Wars' revive Tunisia's tourism?

The e-commerce sector in the GCC region is poised for solid growth with about 48 percent of respondents saying that they prefer to shop online. (Pixabay)
April 30th, 2017 - 02:39 GMT

48 percent in GCC prefer to shop online: Survey

The Dubai Health Authority (DHA) announced on Saturday that predated sick leave for three consecutive days or more will no longer be issued. (Pixabay)
April 30th, 2017 - 11:21 GMT

Warning: Dubai has a new sick leave policy!

Saudi Arabia wants to create about 200,000 jobs for Saudis in the public taxi sector by 2020. (Pixabay)
April 30th, 2017 - 10:58 GMT

200,000 taxi jobs in Saudi Arabia by 2020

Like the UAE, Qatar might enforce a ban if dangerous pesticide residues are found in food imports. (File photo)
April 30th, 2017 - 09:30 GMT

Will Qatar be next to ban food imports?

Follow Al Bawaba Business on Twitter and Facebook for breaking business news, photos and reports on topics that move the Middle East. (Al Bawaba)
April 27th, 2017 - 06:59 GMT

Iraqis Take Half of the Year Off, Saudi King Sacks Officials and the 'Business of War': Top 10 Business Stories on Al Bawaba This Week

Bahrain is a regional hub for tourism, with over 300 million people within two hours flight, of which the majority are regional visitors traveling from within the GCC, notably Saudi Arabia. (Pixabay)
April 27th, 2017 - 05:00 GMT

Bahrain unveils new tourism identity, plans for 15 new hotels by 2020

Lamia Zribi, Tunisian Minister of Finance (L) and Angel Gurria, Secretary-General of the OECD. (OECD/ Michael Dean)
April 27th, 2017 - 04:00 GMT

Tunisia's anti-corruption plan boosts tax revenues by 15 percent: Minister

Iran’s Ghadir electricity and energy company and Greece’s Metka engineering firm cooperated over the project that took seven months to complete through an investment of around $15 million. (File photo)
April 27th, 2017 - 01:40 GMT

Iran launches largest solar plant to date, announces bids for renewable energy projects

The solar project seeks to harness renewable energy and build a local manufacturing industry that can boost Saudi Arabia's exports, and ultimately generate 7,000 jobs by 2020. (File photo)
April 27th, 2017 - 10:56 GMT

Saudi Arabia creates over 7,000 jobs with new solar project

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