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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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Laptops will be available to Business Class passengers travelling on all US-bound flights from next week. (File photo)
March 31st, 2017 - 10:49 GMT

US electronics ban: Qatar Airways follows suit with free laptops, Wi-Fi on US-bound flights

Jeff Bezos added $1.5 billion to his fortune after Amazon gained $9 billion in market value following the Souq.com deal. (AFP/David Ryder)
March 30th, 2017 - 08:52 GMT

Souq.com deal makes Amazon's CEO Jeff Bezos second-richest man in the world

The airline is going through a crisis, which has a big impact on revenue and profits. (Shutterstock)
March 30th, 2017 - 01:00 GMT

Bad news for Egypt: EgyptAir reports $830M losses as result of currency flotation

The award will be granted annually to industrial innovations that serve the humanity and contribute to re-building the world economic prosperity. (Shutterstock)
March 30th, 2017 - 12:12 GMT

UAE wants to celebrate industrial innovations with a new award

The report shows that Saudi Telecom Company (STC) is the most valuable brand in the country worth $6.6 billion. (Shutterstock)
March 30th, 2017 - 11:32 GMT

STC, Al Rajhi Bank most valuable brands in Saudi Arabia: Report

The scope of work includes construction of 37-km-long roads, which consist of three lanes in each direction, with two safety lanes and nine multi-storey intersections. (Pexels)
March 30th, 2017 - 11:12 GMT

Egyptian firm wins $561M Kuwait road project

The estimated cost of the project, to be built on 1.2 million square meters, amounts to SR1.3 billion ($346.6 million). (Pixabay)
March 30th, 2017 - 10:31 GMT

Jordan, Saudi Arabia to co-build medical city in Riyadh

The offer valid for passengers with first and business class tickets on all Etihad flights to the US. (File photo)
March 30th, 2017 - 09:23 GMT

Etihad fights US electronics ban with free wi-fi, iPads

Qatar is the second largest exporter of natural gas in the world. (Pixabay)
March 30th, 2017 - 08:36 GMT

Qatar's energy sector is moving towards renewable energy: Minister

The market for second-hand cars is feeling the impact of the new fess on expatriates announced by the Saudi government. (Pixabay)
March 30th, 2017 - 06:43 GMT

Used car market in Saudi Arabia suffers as thousands of expats are forced to go home

Saudi Arabia is launching many initiatives to boost the growth of SMEs. (File photo)
March 29th, 2017 - 01:00 GMT

Saudi Arabia’s 'parallel market' a push for SMEs: Report

Souq.com's CEO Ronald Mouchawar declined to give price details of the Amazon deal, which is estimated to be worth $580m to $750m. (File photo)
March 29th, 2017 - 12:01 GMT

Souq.com's CEO to maintain position in company following Amazon deal: Sources

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