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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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Lebanon has not ratified a state budget since 2005 due to political bickering between rivals, leading to uncontrolled extra-budgetary spending in the billions of dollars.  (Shutterstock)
March 13th, 2017 - 12:00 GMT

Crunch time for Lebanon's 2017 budget, controversial salary hike bill

The assisted sectors include  business and SMEs development; innovation and technological transfer; fight against poverty and social inclusion and environmental sustainability. (AFP/File)
March 13th, 2017 - 11:00 GMT

Jordan secures EU finance for socioeconomic and environmental programs

Al Qurrayah, Saudi Arabia. (Pixabay)
March 13th, 2017 - 10:00 GMT

Saudi targets domestic tourists with 'Live Saudi Arabia' campaign

Saudi Arabian King Salman arrives at Haheda Airport in Tokyo on March 12, 2017. (AFP/Toru Yamanaka)
March 13th, 2017 - 09:14 GMT

Expanded partnership agreements expected on King Salman's historic visit to Japan and China


Construction work is due to start this month, with the first berths planned for completion in 2021. (Shutterstock)
March 13th, 2017 - 08:00 GMT

Algeria breaks ground on $3.3B deepwater port project

Integrated Financial Group is managed and controlled by Abu Dhabi Financial Group (ADFG), which acquired a 48.36 per cent stake in Shuaa last November. (File photo)
March 13th, 2017 - 07:00 GMT

Dubai's Shuaa Capital to acquire two ADFG financial subsidiaries

Tunisair passengers were stranded for hours after the airline was forced to suspend flights following a row between pilots and maintenance workers. (Shutterstock)
March 13th, 2017 - 06:00 GMT

Tunisair cancels flights over fight between technicians and pilots

Nasdaq Dubai is the world’s largest venue for sukuk listings at $45.06 billion.  (File photo)
March 13th, 2017 - 05:02 GMT

Nasdaq Dubai, Bourse de Tunis partner to boost Islamic finance

Relations between Turkey and Egypt grew strained after the ouster of Morsi, a close ally of president Erdogan's AKP government. (File photo)
March 12th, 2017 - 03:30 GMT

Egypt, Turkey discuss economic cooperation for first time since 2013 Morsi ouster

Talking at the ITB tourism fair, Emirates President, Tim Clark, commented on popularity of low-cost airlines, Trump's travel ban and Emirates-Etihad merger rumors. (AFP/Tobias Schwarz)
March 12th, 2017 - 02:20 GMT

Emirates chief denies merger plans with Etihad Airways

Under the Golden Visa programme, individuals and their families get a second citizenship and passport after making an investment in the country's real estate sector. (Shutterstock)
March 12th, 2017 - 12:00 GMT

EU real estate developers court Arab investors with Golden Visa programs

Barclays, Byblos Bank, Societe Generale de Banque au Liban and JPMorgan will co-manage the eurobonds issuance.  (World Finance)
March 12th, 2017 - 11:00 GMT

Lebanon appoints four banks for $1.5B eurobond issue

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