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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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Chinese producers, which account for around half of global supply, have been blamed for a slump in global steel prices after flooding export markets. (File photo)
April 27th, 2017 - 10:26 GMT

GCC launches anti-dumping probe against Chinese steel companies

On Wednesday, SAAB and Alawwal Bank topped the hikes of the Saudi Stock Exchange (Tadawul) after their possible merger announcement. (AFP/ Fayez Nureldine)
April 27th, 2017 - 10:02 GMT

Saudi Arabia's Alawwal Bank and SABB mull possible merger

Emirates chairman and CEO, Sheikh Ahmed bin Saeed Al-Maktoum, said the airline will look elsewhere for new business. (File photo)
April 27th, 2017 - 08:52 GMT

Emirates to reduce US services, focus on new destinations: Chairman

“This was the most frustrating day for the Saudi women,” said a female Shoura Council member. (AFP/ Fayez Nureldine)
April 26th, 2017 - 07:00 GMT

Saudi Arabia: Shoura says no to sports colleges for women in tight vote

Saudi Arabia believes that the decision to restore allowances to public sector employees is broadly positive for equities and is likely to boost consumption. (AFP/ Amer Hilabi)
April 26th, 2017 - 05:00 GMT

Saudi Arabia says restoration of public sector perks is good for the economy

Qatar Airways CEO Akbar Al-Baker. (AFP photo)
April 26th, 2017 - 01:42 GMT

Qatar Airways chief talks of ‘war with the Americans’, calls for Trump's change of stance

The mother of Mohammed Allaan, a Palestinian prisoner who was on a long-term hunger strike, holds a portrait of her son during a rally calling for his release on August 9, 2015. (AFP/ Ahmad Gharabli)
April 26th, 2017 - 12:58 GMT

Palestinian hunger strike: Calls for boycott of Israeli products in solidarity with prisoners

The project will help Iraq expand port facilities for the Persian Gulf. (AFP/ Haidar Mohammed Ali)
April 26th, 2017 - 11:23 GMT

UK's Petrofrac lands multimillion-dollar oil contract in southern Iraq

Qassim and Hail airports become the 16th, 17th airport run by the Turkish company both in Turkey and abroad. (AFP photo)
April 26th, 2017 - 10:39 GMT

Turkey's TAV Airports to operate two more airports in Saudi Arabia

Egypt announced a new strategy in the way the country invests in education, with new sources of funding that would allow partnerships with the private sector. (AFP photo)
April 26th, 2017 - 09:15 GMT

Egypt raises education spending by 10 percent, eyes public-private partnerships: Minister

Almarai's total net sales figure has been negatively impacted in Egypt by the devaluation of the Egyptian pound, and the significant decline in exports to Iraq due to border closures. (Almarai)
April 26th, 2017 - 08:55 GMT

Saudi Arabia: Iraq border closures, Egyptian pound devaluation take a toll on Almarai's sales figures

The new ban will take effect from May 15, 2017, as unacceptable levels of pesticides were found in food imports from five Arab countries. (AFP/ Omar Salem)
April 26th, 2017 - 08:05 GMT

UAE bans import of fruits, vegetables from five Arab countries including Lebanon and Jordan

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