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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 deal aims to promote the Kingdom’s economy, develop the ICT sector and build national talents who could lead the digital transformation drive at the national level. (Wikimedia Commons)
March 20th, 2017 - 05:00 GMT

Oracle to train 5,000 Saudi youth in IT over next four years

It is only the second time the iconic New York store has opened its doors outside of the US; the first was in Dubai Mall nearly eight years ago. (Photo courtesy of Gulf News)
March 19th, 2017 - 01:00 GMT

Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening

Saudi Arabia has sought to boost oil sales to China after losing market share to Russia last year. (File photo)
March 19th, 2017 - 12:33 GMT

Saudi Arabia to boost oil exports to China

The plant, planned to launch in December 2017, will make it possible to save the equivalent of six million cubic metres of gas per year. (File photo)
March 19th, 2017 - 11:26 GMT

Algeria expands into solar energy with new solar plant

The water desalination plant was inaugurated on 18 March 2017 by Jordan's Prime Minister Hani Mulki. (Jordan News Agency/ Petra)
March 19th, 2017 - 10:12 GMT

Jordan inaugurates first water desalination facility

Traders across Lebanon increased their prices although the debate over the new taxes has not been concluded yet. (File photo)
March 19th, 2017 - 09:00 GMT

Lebanon: Merchants hike prices ahead of new taxes

Sources say it would take at least three years for enough private hospitals to open in the country for expats to be barred for public facilities. (Shutterstock)
March 19th, 2017 - 08:00 GMT

Kuwait's lawmakers put the squeeze on expat healthcare

CMA will take part in the eleventh meeting of the Arab Securities Commissions Association to be held in Tunisia.  (Shutterstock)
March 19th, 2017 - 07:00 GMT

CMA signs MoU with Capital Markets Authority of Lebanon for increased cooperation

Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
March 19th, 2017 - 06:00 GMT

Gulf Islamic banks set to outperform conventional banks for second year: Moody's

The contracts have been included in the fiscal budget of 2017/2018 and are part of the integrated plan which involves 42 contracts. (Shutterstock/MikeDotta)
March 19th, 2017 - 05:11 GMT

Kuwait to award over $164M for infrastructure works

Government employees and public and private school teachers have routinely protested for increased benefits and full employment. (File photo)
March 16th, 2017 - 03:00 GMT

Lebanon considers salary hikes for teachers, government employees

Low prices of soft drinks and junk food have been blamed for rising rates of diabetes and obesity across the Gulf region.  (Shutterstock/Dmitrydesign)
March 16th, 2017 - 02:00 GMT

Will the UAE's sweet drinks and tobacco tax curb consumption?

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