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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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The laptop ban is believed to come amid fears over new terrorist tactics. (File photo)
March 22nd, 2017 - 09:19 GMT

Canada, France could soon follow suit with US-style laptop ban

The UK imposes ban on laptops on flights from six Middle East countries: Lebanon, Jordan, Egypt, Tunisia, Turkey, and Saudi Arabia. (File photo)
March 22nd, 2017 - 08:30 GMT

UK bans laptops, large electronic devices from six Middle East countries

The Trump family’s expenses during business trips abroad have been placed under scrutiny since the president assumed office. (Facebook)
March 21st, 2017 - 06:00 GMT

This is how much Trump sons’ trip to Dubai cost US taxpayers

A man serving tea in Cairo. (Shutterstock/ Orhan Cam)
March 21st, 2017 - 05:00 GMT

Inflation rate in Egypt hits highest level in 30 years

At least 38 people were killed and another 39 injured after two gunmen attacked a beach hotel in the Tunisian city of Sousse in June 2015. (AFP/File)
March 21st, 2017 - 04:00 GMT

Tunisia: Number of French tourists growing fast but still not enough

Bill Gates’ fortune grew from an estimated $75 billion last year to $86 billion in 2017. (Shutterstock/ GongTo)
March 21st, 2017 - 03:00 GMT

Arab billionaires step aside: Bill Gates continues to be world’s richest man

GCC governments have taken steps to shift the burden of funding services such as healthcare to the private insurance sector and away from government. (File photo)
March 21st, 2017 - 02:13 GMT

Health insurance market in GCC shows signs of recovery: S&P

The increase in tobacco prices was mainly due to an increase in transportation, housing, water, electricity and fuel categories. (File photo)
March 21st, 2017 - 01:00 GMT

Tobacco prices in Oman up 23 percent

Bukhowa will be responsible for overseeing the bank’s operations, as well as the management of the international corporate and institutional clients’ segment in Qatar. (Gulf Times)
March 21st, 2017 - 11:55 GMT

Bank in Qatar appoints its first Arab CEO

Sheikh Mohammed bin Rashid Al Maktoum deemed the event as a national achievement accomplished by the country. (WAM)
March 21st, 2017 - 11:03 GMT

Mohammed bin Rashid inaugurates phase 2 of solar park in Dubai

Lebanon believes that its economic waters contain 850 million barrels of oil and no less than 2,700 BCM of natural gas, similar to Israel's potential, including the fields that have already been discovered.  (Shutterstock)
March 21st, 2017 - 10:00 GMT

Israel appeals to US, UN over gas tender dispute with Lebanon

Saudi Arabia is also developing a study into solutions for concealed commercial activities, in which expats work in the name of Saudis, such as allowing foreigners to invest within regulations by paying tax.(Shutterstock/Fitria Ramli)
March 21st, 2017 - 09:00 GMT

Saudi Arabia mulls self-employment tax option for foreigners

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