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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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Chinese 3D printing firm will build 1.5 million 3D printed houses in Saudi Arabia. (Shutterstock)
March 23rd, 2017 - 09:34 GMT

China helps Saudi Arabia reduce labor, material costs with 3D printed houses

Several countries are suspending their imports of meat from Brazil in the wake of allegations that companies had been exporting rotten meat. (File photo)
March 23rd, 2017 - 08:00 GMT

Jordan has no plans to suspend imports in wake of Brazil's meat scandal

The UAE has seen a 12 percent increase in tourists after it offered visas on arrival to visitors from China and Russia. (File photo)
March 23rd, 2017 - 07:00 GMT

Dubai is reaping the fruits of its 'visa on arrival' policy

Emir of Kuwait Sheikh Sabah Al-Sabah and Turkish President Recep Tayyip Erdogan during the signing ceremony in Ankara. (QNA)
March 23rd, 2017 - 06:00 GMT

Kuwait, Turkey sign agreements in military, tourism and Syrian refugee crisis

Syrian army troops near the war-torn ancient city of Palmyra. (AFP/File)
March 23rd, 2017 - 05:00 GMT

UAE announces $15M donation to safeguard heritage sites in war zones

Egypt is raising the fees for its multiple entry visa from US$25 to US$60. (File photo)
March 22nd, 2017 - 04:00 GMT

Egypt to raise visa entry fees

The train will cover the distance between Jeddah and Mecca in 30 minutes. (Shutterstock)
March 22nd, 2017 - 03:00 GMT

High-speed train connecting Mecca-Medina-Jeddah will see the light in 2018: Saudi Railways

Syrian refugees in Jordan represent almost 20 percent of the country's population. (AFP/File)
March 22nd, 2017 - 02:18 GMT

Jordan receives only 3 percent of funding required for its 1.3M Syrian refugees

Amazon has restarted talks to acquire Souq.com for as much as $650M. (Shutterstock/ Eric Broder)
March 22nd, 2017 - 01:17 GMT

Amazon resumes takeover talks with UAE's Souq.com

Field and well development plans are already underway and the first development well has been drilled. (File photo)
March 22nd, 2017 - 12:00 GMT

New project to increase Oman’s gas production by 40 percent: BP

The UN warned last year that Gaza may become uninhabitable by 2020. (AFP/File)
March 22nd, 2017 - 11:00 GMT

Israel fully accountable for water crisis in Gaza: Official

Saudi Arabia wants to boost the percentage of women in the Saudi workforce to 28 percent by 2020. (File photo)
March 22nd, 2017 - 10:06 GMT

Saudi Arabia wants more women in the workforce by 2020: Ministry of Labor

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