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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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Last year, thousands of migrant workers in Saudi Arabia were stuck without a job or pay. The issue was particularly felt in construction companies such as Saudi Oger and Saudi Binladin. (AFP/ File)
April 24th, 2017 - 08:41 GMT

No more working for free in Saudi: New bank account plan launched for domestic workers

The French private equity firm will invest $1.75 billion to acquire a majority stake in an existing $2.5 billion Mubadala equity portfolio (AFP/ File)
April 24th, 2017 - 05:00 GMT

Abu Dhabi's Mubadala concedes majority stake in $2.5B equity portfolio to French firm

In April 2017, Tunisia announced a new investment law that aims to ensure equity between domestic and foreign investors. (File photo)
April 23rd, 2017 - 07:00 GMT

Tunisia's FDI up 16.6 percent in first quarter of 2017

Bebe lost $13 million in the first half of its fiscal year. (Shutterstock)
April 23rd, 2017 - 03:59 GMT

Bebe is closing down: Fashion brand to close all stores, focus on online sales

The new plant is expected to contribute to solving the problem of transmission bottlenecks in Al-Baqair and Soba industrial zones. (File photo)
April 23rd, 2017 - 03:43 GMT

Sudan gets $200M loan from Arab Fund to build new power plant

The current balance of trade is not in Lebanon’s favor. (Shutterstock)
April 23rd, 2017 - 03:15 GMT

Lebanon struggles to reduce its trade deficit with Russia

A fresco at Quseir Amra desert castle near the capital Amman. (Pixabay)
April 23rd, 2017 - 02:34 GMT

Jordan’s revenues from tourism up 14 percent: Central Bank of Jordan

The gold mine is owned by the Saudi Arabian Mining Company (Maaden) and will be joining other operating gold mines owned by the company. (Shutterstock)
April 23rd, 2017 - 01:43 GMT

Saudi Arabia launches biggest gold mine with 180,000 ounces annual capacity

The French will go to the polls today to pick their new president. (AFP/ Joël Saget)
April 23rd, 2017 - 12:38 GMT

France's next president will have to fix its 'ailing' economy

King Salman has sacked key officials, including the head of the army embroiled in Yemen's conflict. He's also scrapped cuts made last year to state employees' pay, prompted by oil revenue falls. (AFP/ File)
April 23rd, 2017 - 12:01 GMT

Saudi King Salman fires top officials, restores perks to state employees

GCC IPOs witnessed in 2016 were the lowest registered in the last decade as a result of declining oil prices and heightened economic uncertainty. (Shutterstock)
April 23rd, 2017 - 11:11 GMT

Could 2017 be the year of GCC IPOs?

There are about 60 Turkish companies working in Qatar, participating in 35 projects with a turnover of about $14 billion at the end of 2016. (AFP/ Marwan Naamani)
April 23rd, 2017 - 10:35 GMT

Turkey eyes further investments in Qatar ahead of 2022 World Cup

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