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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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Since the 25 January Revolution, Egypt's economy encountered many challenges, from political unrest and declining tourism to currency fluctuations and fuel shortages. (AFP/Khaled Desouki)
April 18th, 2017 - 01:34 GMT

Egypt's car sales drop 40 percent

Hamas security forces stand guard at Erez border crossing with Israel on March 26, 2017. (AFP/Mahmud Hams)
April 18th, 2017 - 01:01 GMT

Gaza increases tariffs on Israeli imports

Qatar revamps its work visa rules for expats amid accusations that some sectors, especially construction, are rife with abuse of migrant workers. (AFP/Karim Jaafar)
April 18th, 2017 - 12:33 GMT

Qatar changes work visa rules for expats

The introduction of a value-added tax in the GCC region may see inflation soar by as much as 1.4 per cent, but it is expected to generate $25 billion in annual tax revenue. (Pixabay)
April 18th, 2017 - 11:36 GMT

How will GCC's VAT rules impact commodities?

Egypt has faced some 10 or so accidents that highly affected tourism over the last year. (AFP/File)
April 17th, 2017 - 06:00 GMT

Egypt sees 15 percent growth in number of tourists in Q1 2017

Turkey voted on April 16, 2017 to accept constitutional changes proposed by Turkish President Recep Tayyip Erdogan that will usher in an executive presidency. (AFP/File)
April 17th, 2017 - 02:38 GMT

Turkey's stock market rises almost 1 percent after referendum

King of Bahrain Hamad bin Issa al-Khalifa pose with British Prime Minister Theresa May in Manama, Bahrain in December 2016. (AFP/File)
April 17th, 2017 - 12:27 GMT

Bahrain’s new financial reforms promise big payoffs for investors

The new laws stipulate that driving licences issued for the first time shall be valid for two years, while the renewed licences are valid for 10 years for citizens and five years for expats. (AFP/Marwan Naamani)
April 17th, 2017 - 10:26 GMT

UAE introduces new traffic laws, rules for expat driving licences

The mall's developer said it will open in 2020 instead of 2018. (Reem Mall)
April 17th, 2017 - 09:42 GMT

Abu Dhabi's Reem Mall delayed until 2020 due to design changes: Developer

Since 2007, Gaza has reeled under an Israeli embargo that has deprived its two million population of basic commodities, including food, fuel and medicine. (File photo)
April 17th, 2017 - 06:00 GMT

Gaza blames Ramallah for power station shutdown

DP World entered into the agreement in 2005 on a build, operate and transfer basis to expand the Fujairah Container Terminal. (File photo)
April 17th, 2017 - 05:00 GMT

Dubai's DP World, Port of Fujairah terminate concession deal

Among Mubadala's key projects in Abu Dhabi is Paris-Sorbonne University, picture here. (File photo)
April 17th, 2017 - 04:00 GMT

Mubadala, Eshraq Properties to launch a real estate joint venture in Abu Dhabi

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