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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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One of the two proposed methanol plants is backed by a Chinese group which has a subsidiary in neighboring UAE. (Shutterstock)
April 9th, 2017 - 09:33 GMT

Chinese firms eye methanol projects in Oman

Gulf Keystone Petroleum, an operator in the Kurdish north of Iraq, said it has the funding necessary to move regional production to 40,000 bpd and could potentially hit 55,000 bpd. (Shutterstock)
April 9th, 2017 - 08:20 GMT

Kurdish oil production, exports set to rise: Operator

The new entertainment city will contribute to diversify the sources of national income, boost Saudi economy and create more employment opportunities for young people. (AFP)
April 9th, 2017 - 07:30 GMT

Saudi Arabia gears up for giant entertainment city in tourism push

Markets fall after the US launched dozens of missiles against an airbase in western Syria on Friday. (File photo)
April 9th, 2017 - 06:42 GMT

Stock markets fall in aftermath of US airstrikes in Syria

The price of oil has hit its highest level for a month in response to the US missile attack on a military base in western Syria: Agencies. (AFP/File)
April 7th, 2017 - 07:45 GMT

Oil prices jump after Trump launches military strike on Syria

OPEC members in January began implementing a deal to cut production by 1.2 million barrels per day. (File photo)
April 6th, 2017 - 07:00 GMT

Iraq: Oil exports expected to increase amid infrastructure overhaul

The Saudi cabinet said it is planning a 35-percent increase in basic salaries of all air force pilots and weapons operators. Officers who fly fighter jets or operate their weapons systems will receive a 60-percent pay increase. (File photo)
April 6th, 2017 - 02:01 GMT

War in Yemen: Saudi fighter pilots get 60 percent pay hike

Consumer prices in Turkey rose 11.3 percent in March from the same period in 2016, the highest annual rate recorded since October 2008. (File photo)
April 6th, 2017 - 01:34 GMT

Turkey's inflation rate still stuck in double-digit territory

March witnessed a downward trend in price indexes of the food groups except meat, according to UN's Food and Agriculture Organization (FAO). (File photo)
April 6th, 2017 - 12:26 GMT

Global food prices drop in March amid large supplies: UN

Support for the construction of peaceful nuclear energy plants in the UAE has risen significantly since 2013. (File photo)
April 6th, 2017 - 12:10 GMT

92 percent in UAE back nuclear energy program: Poll

Theresa May, pictured left with Saudi Arabia's King Salman, during her two-day trip to Riyadh on April 4 2017. (AFP)
April 6th, 2017 - 11:23 GMT

Theresa May is trying to get Saudi Aramco's IPO to list in London instead of New York

Real estate and financial services represent 75 percent of global investment flows into the UAE alone. (Pixabay)
April 6th, 2017 - 10:56 GMT

Services get the biggest share of global investment flows: WTO

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