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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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A protester holds a poster depicting Russian President Vladimir Putin and reading “Putin, killer!” during a demonstration in Istanbul, on November 27, 2015. (AFP/ Cagdas Erdogan)
April 25th, 2017 - 03:28 GMT

Opinion: Are weapons sales the key to Russia's Middle East agenda?

The deal will create hundreds of jobs and will help save up to $2 billion in gas that can be made available for sale in international markets. (GE)
April 25th, 2017 - 02:07 GMT

GE signs $3B gas deal with Algeria's Sonelgaz, its largest ever

The bodies of two Indian workers belonging to a now defunct construction company have been lying in a mortuary in Riyadh for months as their employer refused to bear the cost of repatriation. (Shutterstock)
April 25th, 2017 - 01:27 GMT

Saudi Arabia: Bodies of two Indian workers left to rot as company refuses to pay repatriation costs

Egypt said it will launch a petrochemical complex, an oil refinery, an industrial complex for solar cells and another for wind turbines, as well as factories for textiles, foodstuffs, electrical appliances and motorcycles. (AFP/ Mohamed El-Shahed)
April 25th, 2017 - 10:00 GMT

Can Egypt's $20B Suez Canal projects breathe new life into its economy?

Ooredoo will list its shares on the Maldives Stock Exchange on April 30 with 40 percent of the shares available for subscription. (Ooredoo)
April 25th, 2017 - 09:00 GMT

Qatar's Ooredoo to launch IPO in... Maldives?!

Turkish airport staff welcome Russian tourists at Antalya airport on July 9, 2016, a few months after the two countries clashed over a Russian warplane crash in Syria. (AFP/File)
April 25th, 2017 - 08:25 GMT

Turkey gets over warplane crisis, extends visa-free travel for Russians

Egypt is set to finalize tenders for the mega project next month and award the contract to the winner in September this year. (File photo)
April 25th, 2017 - 07:45 GMT

ABB, Siemens and other tech giants bid for $1.6B power project in Egypt

The fashion footwear brand saw double-digit growth in Asia in 2016. (Facebook)
April 24th, 2017 - 02:16 GMT

The king has spoken: Jimmy Choo to sell company to highest bidder

The cruel and unethical ad was published for a housemaid recruitment agency called Al Hazeem Manpower Agency. (Shutterstock)
April 24th, 2017 - 01:49 GMT

Bahrain authorities pull ad by recruitment agency to 'Win a maid'

On Saturday, Saudi King Salman made a rare reversal in cuts to financial allowances for civil servants. (AFP/ File)
April 24th, 2017 - 01:20 GMT

Saudi Arabia cuts deficit by half in first quarter of 2017

The reported ban might have been put in place due to increasing levels of chemical pesticide residues in Jordan's agricultural products. (AFP/ Menahem Kahana)
April 24th, 2017 - 10:22 GMT

Jordan seeks verification after reported UAE ban on Jordanian vegetables

Oman has now made it easier for tourists from Iran, India, China and Russia to visit the country with a new e-Visa system. (Pixabay)
April 24th, 2017 - 09:14 GMT

Oman quadruples cost of tourist visa, eases e-Visa for four countries

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