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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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President and CEO of Qatar Petroleum Saad Sherida Al Kaabi (left) with ExxonMobil and Cypriot officials at the signing ceremony. (The Peninsula)
April 6th, 2017 - 10:27 GMT

Qatar Petroleum, ExxonMobil sign Cyprus gas deal

There will be six weekly flights in both directions on-board Airbus A320 aircraft with a capacity of 132 seats.
 (AFP/ Lukas Schulze)
April 6th, 2017 - 10:14 GMT

Saudia flies its first direct flight to Sudan’s main seaport

Sharjah's tourism and travel sector is expected to grow to more than $1.3 billion by 2019. (File photo)
April 6th, 2017 - 04:00 GMT

Sharjah's FDI to exceed $272M in 2017

Rifaat Assad is the exiled uncle of Bashar Assad. He was vice president of Syria when the country was ruled by Bashar’s father Hafez. (File photo)
April 5th, 2017 - 10:03 GMT

Assad's uncle properties seized by Spanish police in money laundering investigation

Jordan's Prime Minister Hani Mulki said that Jordan is working on diversifying its energy resources, notably in fields of renewable energy, oil shale and nuclear energy. (AFP/File)
April 5th, 2017 - 08:50 GMT

Jordan shifts to renewables, slashes energy bill by $3.5B: Minister

The weak exchange rate relative to the US dollar continues to be the key reason for higher raw material prices. (File photo)
April 5th, 2017 - 12:36 GMT

Weak economy, currency send Egypt non-oil sector into free fall

The UAE-headquartered hospitality company will develop premises across the UAE, Saudi Arabia, Qatar, and Egypt. (Time Hotels)
April 5th, 2017 - 11:55 GMT

UAE's Time Hotels to open 10 new properties by end of 2018

The country's automotive exports register all-time high of $7.12 billion between January and March 2017. (Anadolu)
April 5th, 2017 - 11:39 GMT

Turkey's automotive exports reach historic high with $7.12B

Tourism was once viewed as one of the main sources of revenue for the Lebanese economy. (File photo)
April 5th, 2017 - 11:07 GMT

Lebanon's tourism: Will 2017 be the light at the end of the tunnel?

JPA Design, one of the world’s leading design specialists, promises to deliver a new cabin interior reflective of the airline’s maturity. (Flydubai)
April 5th, 2017 - 10:33 GMT

Flydubai gets a makeover!

Jordan said it will deploy police to patrol roads and take legal action against violating workers, and deport them “immediately” if they do not have valid permits. (AFP/File)
April 5th, 2017 - 10:11 GMT

Jordan cracks down on illegal workers

The Central Bank of Oman in Muscat. (File photo)
April 5th, 2017 - 09:51 GMT

Central Bank of Oman backs local money market with $154M treasury bills

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