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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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Emaar Malls is the shopping center unit of Dubai’s biggest publicly traded property developer. (File photo)
March 26th, 2017 - 12:30 GMT

Dubai’s Emaar Malls announced its bid for Souq.com and Amazon is not going to like it

Expats are advised to secure their own retirement as early as possible. (Pexels)
March 26th, 2017 - 11:00 GMT

No pension system for nearly 70 percent of GCC expats: Survey

Qatar, like other Gulf countries, has been seeking efficiency savings due to lower revenues from hydrocarbons. (Pixabay)
March 26th, 2017 - 10:03 GMT

Qatar Foundation to slash 800 jobs in cost-cutting drive

The Uber app. (File photo)
March 26th, 2017 - 09:40 GMT

Non-Saudi drivers of Uber and Careem will face fines, deportation: Official

Abu Dhabi's Waha Capital reaps the fruits of its diversification strategy. (File photo)
March 26th, 2017 - 09:23 GMT

UAE's investment giant announces strong net profit, cash dividends

Qatar goes dark and green for Earth Hour. (Shutterstock)
March 26th, 2017 - 07:54 GMT

Qatar releases 'electrifying' power consumption report on Earth Hour

Costing QR6.5 billion, Doha Festival City is set to be among the largest malls in the GCC when it opens in April. (Shutterstock)
March 23rd, 2017 - 04:40 GMT

Qatar gears up for 2022 World Cup with more... Shopping malls!

The Islamic, or halal, food industry is valued at about $2 trillion a year. (File photo)
March 23rd, 2017 - 04:06 GMT

Oman eyes share of the halal food industry

Saudi Arabia's beef imports from Brazil were 28,676 tonnes in the period from February 2016 through January 2017. (Shutterstock)
March 23rd, 2017 - 03:48 GMT

Saudi Arabia suspends meat imports from Brazil over food safety fears

Along with drivers, now even passengers will face fines for failing to wear seat belts. (Shutterstock)
March 23rd, 2017 - 01:58 GMT

Fasten your seatbelt: UAE has new traffic rules, serious fines for violators

Saudi Aramco's IPO is scheduled in the second half of 2018. (AFP/Fayez Nureldine)
March 23rd, 2017 - 11:03 GMT

Saudi Aramco chooses Islamic bonds in the run-up to its much-anticipated IPO

The banned Middle East carriers include Emirates, Etihad Airways, Qatar Airways, Royal Jordanian, Saudi Airlines, and Turkish Airlines. (File photo)
March 23rd, 2017 - 10:14 GMT

US electronics ban: A valid security measure or anti-competitive practice?

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