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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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Saudi Arabia, the de facto head of OPEC, has boasted of its lead position among member states cutting production. (Shutterstock)
March 15th, 2017 - 09:00 GMT

OPEC production cut: Is output creeping up?


Leading industry players will be showcasing the very latest production innovations and solutions for the education market.  (Educationjournalme.com)
March 15th, 2017 - 08:00 GMT

GESS 2017: MENA's largest education exhibition kicks off in Dubai

The QSE chief said family businesses or more generally private companies are the long-term pipeline for stock exchanges. (File photo)
March 15th, 2017 - 07:00 GMT

Privatization drive, family businesses to boost GCC IPO interest: QSE

Some drivers in the UAE will see their car insurance bills rise by as much as Dh1,691 this year. (File photo)
March 15th, 2017 - 06:00 GMT

Prices for UAE car insurance to soar in 2017

The pirates are demanding ransom and an end to foreign illegal fishing in Somali waters. (AFP/Tony Karumba)
March 15th, 2017 - 05:16 GMT

UAE oil tanker hijacked by Somali pirates in first incident in three years

The UAE is home to Emirates and Etihad Airways, two of the world's best airlines. (Shutterstock/Sorbis)
March 14th, 2017 - 05:00 GMT

UAE airlines should brace for weaker profits in 2017: IATA

The Muttrah Souq in Muscat, Oman. (Shutterstock/ EQRoy)
March 14th, 2017 - 04:00 GMT

Oman: Muttrah gets smart makeover to boost tourism

A key component of this partnership is a series of training programs for female journalists in Saudi Arabia and the region. (Shutterstock)
March 14th, 2017 - 03:00 GMT

Al Waleed Philanthropies and Thomson Reuters put Saudi female journalists first

Expats make up 70 percent of Kuwait’s 4.4 million population, according to some estimates. (File photo)
March 14th, 2017 - 02:00 GMT

Kuwait MPs continue push for deportation, curb on foreign workers

Lebanon's budget plan has been stalled for 12 years due to conflicts between the rival political parties. (AFP/ File)
March 14th, 2017 - 01:00 GMT

Lebanon aims to endorse first state budget in 12 years

ADFD and IDB Group share a common focus on infrastructure development to supporting governments and collaborating with the private sector. (File photo)
March 14th, 2017 - 12:00 GMT

ADFD, IDB Group eye development projects in Latin America, Caribbean

Al-Rajhi Capital analysts said the government has identified VAT, an expat levy, a municipal fee, an excise tax on harmful products and luxury tariffs as major avenues for generating non-oil revenue. (Shutterstock)
March 14th, 2017 - 11:00 GMT

Saudi Arabia's budget surplus achievable by 2019 with fiscal discipline: Al-Rajhi Capital

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