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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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Not being a producer of oil, Ras Al Khaimah has focused on developing its industrial sector, particularly mining and exporting iron ore. (AFP/ Christian Sprogoe)
April 23rd, 2017 - 09:17 GMT

Ras Al Khaimah sees growth in foreign trade in 2016: Report

OPEC and non-OPEC countries signed a deal last November aimed at cutting production by 1.8 million barrels a day. (AFP/ Joe Klamar)
April 23rd, 2017 - 05:00 GMT

Oil prices stabilize as Saudi Arabia, Kuwait signal likely extension of oil output cut

Early marriage, child recruitment and prostitution levels are on the rise in Yemen as a direct result of poverty caused by war. (AFP/ File)
April 22nd, 2017 - 08:43 GMT

Civilians continue to pay highest price in Yemen war

The Sudanese pound has lost 100% of its value since South Sudan’s secession in 2011, pushing inflation rates to record levels given that the country imports most of its food. (AFP/File)
April 22nd, 2017 - 08:26 GMT

Sudan's surging food prices bring inflation to highest level in six years

Transferring money in and out of Iran became complicated as a result of years of restrictions as well as US primary sanctions. (Pixabay)
April 22nd, 2017 - 07:15 GMT

Could Bitcoin be the answer to investing in Iran?

Iraqis evacuate a body from the site of a suicide car bombing claimed by the Islamic State on July 3, 2016 in Baghdad's central Karrada district. (AFP/ File)
April 22nd, 2017 - 06:57 GMT

Iraqis worked just six months in 2016: Report

Mall of Arabia in Jeddah. (Twitter)
April 20th, 2017 - 02:01 GMT

Saudi Arabia blocks foreigners from working in malls

IMF Managing Director Christine Lagarde. (AFP/File)
April 20th, 2017 - 01:25 GMT

IMF Raises Global Growth Forecast But Warns Against Protectionism

The Turkish-made torpedo can be used for defense against submarines. (File photo)
April 20th, 2017 - 01:06 GMT

The business of war: Turkish-made torpedo to debut at defense industry fair

Villas on Amwaj Islands are currently considered the most expensive in the kingdom, though residential values held steady in other parts of the country, remaining unchanged for six consecutive quarters. (Shutterstock)
April 20th, 2017 - 11:04 GMT

Rents in Bahrain drop further as supply exceeds demand

Tunisian women harvest grapes in the wine-producing region of Grombalia as the country looks to branch out into wine tourism. (AFP/ Fethi Belaid)
April 20th, 2017 - 08:09 GMT

Tunisia, Libya strengthen financial ties with $43M bank agency

Saudi Finance Minister Mohammed Al-Jadaan during a press conference in Riyadh on December 22, 2016, to announce the country's national budget for 2017. (AFP)
April 19th, 2017 - 01:43 GMT

Declining oil prices pressure Middle East's economic growth: Report

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