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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 Tesla showroom in Beijing, China. (AFP/Wang Zhao)
April 16th, 2017 - 09:30 GMT

Tesla's climb to the top: Is it real or a bubble doomed to burst?

Globally, Huawei has the world's third largest smartphone shipments after Apple and Samsung. (File photo)
April 16th, 2017 - 08:37 GMT

Huawei opens first showroom in Qatar, eyes 20 percent of market share

Islamist-linked violence rocked Algeria in the 1990s but has since waned, although armed groups remain active in some parts of the country where they mount attacks on security forces. (AFP/File)
April 16th, 2017 - 03:02 GMT

Algeria has to improve its national security if it wants to attract more investments: EU

According to sources, the newly-merged bank is interviewing people for various roles in order to eliminate duplication. Those who do not qualify will be asked to leave. (Shutterstock)
April 16th, 2017 - 02:09 GMT

First Abu Dhabi Bank confirms job cuts: Reuters

Standard Chartered said in its report on Lebanon that it expects GDP growth to pick up marginally to 1.5 percent in 2017, from an estimated 1 percent in 2016. (AFP/File)
April 16th, 2017 - 01:32 GMT

Lebanon's political scene is changing, so is its economy

Turkey's Prime Minister Binali Yildirim. (AFP/Adem Altan)
April 16th, 2017 - 12:47 GMT

Turkey's economy grew twice as much as Europe, despite unrest: PM

Statistics show a 2.4 billion dinars ($1.7 billion) financial black hole in Libya's oil revenues which has yet to explained. (AFP/File)
April 16th, 2017 - 12:30 GMT

Where did Libya's oil money go?

Two of Rotana's hotels in Abu Dhabi will open this year: Pearl Rotana with 315 luxurious rooms and suites, and Saadiyat Rotana Resort & Villas (pictured here). (Rotana)
April 16th, 2017 - 12:00 GMT

Rotana plans two new hotels in Abu Dhabi in 2017, four by 2020

Sheikh Hamdan bin Mohammed bin Rashid al Maktoum together with his father Sheikh Mohammed bin Rashid al Maktoum (left) visiting the "Virtual Future" exhibition in Dubai on 9 February 2014. (AFP/File)
April 16th, 2017 - 10:43 GMT

Dubai will celebrate its last paper transaction in 2021: Sheikh Hamdan

Canada received more than 11,600 Saudi students in 2015, placing Saudi Arabia in the 6th rank among countries sending their students to Canada. (YouTube)
April 16th, 2017 - 09:56 GMT

Saudi Arabia strengthens education, healthcare ties with Canada

Qatar's labor rights record was questioned by many after it won the bid to host the 2022 World Cup. (AFP/ File)
April 16th, 2017 - 09:06 GMT

2022 World Cup will improve living, job conditions of Qatar's expat workers: Survey

The clock is ticking but 69 percent of GCC businesses may still not be prepared for VAT introduction in January 2018. (Pixabay)
April 16th, 2017 - 08:07 GMT

69 percent of GCC businesses still not prepared for VAT: Report

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