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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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Egypt's inbound tourism fell in 2016 to 5.3 million tourists—down from 9.3 million in 2015—after Russia and Britain halted their flights because of the fall of the Russian plane in October 2015.
April 12th, 2017 - 02:15 GMT

Will Egypt church bombings affect its tourism surge?

A total of 77 substations will be constructed in various locations of the country and will contribute to improving the power infrastructure in and around Doha, especially in the crowded neighborhoods. (File photo)
April 12th, 2017 - 12:42 GMT

Qatar meets growing demand for electricity with $2.3B investment in cables, substations

Turkey's Deputy Prime Minister Mehmet Simsek wants Turks to vote 'Yes' for the sake of the economy. (AFP/Adem Altan)
April 12th, 2017 - 10:28 GMT

Turkey's economy will grow strong and steady if Turks vote 'Yes’: Deputy PM

Saudi Arabia's healthcare sector growth is expected to reach SR92.6bn ($24.7 billion) by 2020. (AFP/File)
April 12th, 2017 - 09:06 GMT

Strong growth ahead for Saudi Arabia's healthcare sector

Tunisia's public debt continued to rise to almost 61.9 percent of GDP at the end of 2016, compared to 53.4 percent ​​originally projected. (AFP/File)
April 12th, 2017 - 06:00 GMT

Tunisia's public debt, budget deficit hit alarming levels

The refinery will have the capacity to process 230,000 barrels of crude oil per day for both local and international markets. (File photo)
April 12th, 2017 - 05:00 GMT

Kuwait Petroleum, Oman Oil JV to build major oil refinery, petrochem complex

Dubai has issued more than 170,000 commercial licenses over the last 25 years, a 650 percent increase over the 28,000 licenses issued in its first year in 1992. (AFP/ Sahib Karim)
April 12th, 2017 - 04:00 GMT

Dubai sees 650 percent rise in business licenses since 1992

The increase in the number of tourists is largely due to the growth of Tunisia's traditional markets, mainly French, German and Algerian. (Shutterstock)
April 11th, 2017 - 06:00 GMT

A sigh of relief for Tunisia? Number of tourists hits 1M mark!

Egypt's Consumer Price Index (CPI) eased to 2.1 percent in March, compared to 2.7 percent in February and 4.3 percent in January. (File photo)
April 11th, 2017 - 04:57 GMT

Egypt's inflation surge begins to slow

The MoU was signed by Saudi Arabia, the UAE, Bahrain, Algeria, Sudan, Iraq, Oman, Qatar, Comoros, Kuwait, Egypt, Libya, Morocco and Yemen. (Shutterstock)
April 11th, 2017 - 04:18 GMT

14 Arab countries sign MoU to establish a joint electricity market

Djerba–Zarzis International Airport. (Shutterstock)
April 11th, 2017 - 04:05 GMT

Tunisia, Libya resume flights after year-long interruption

Algeria is calling for investments in its 4,050MW solar power plant which will include the development of local manufacturing of related equipment. (Shutterstock)
April 11th, 2017 - 03:53 GMT

Post-Brexit UK eyes energy investments in Algeria

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