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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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HRH Princess Ghida Talal spoke at the opening ceremony of the importance of nurturing and improving local talent. (Shutterstock)
March 12th, 2017 - 10:00 GMT

Jordan hosts 12th Annual Harvard Arab World Conference

The Arab IPO summit will host over 150 participants from leading regional businesses, stock exchanges, banks and regulatory bodies. (Shutterstock)
March 12th, 2017 - 09:00 GMT

Arab IPO Summit: Regional financial bodies to discuss capital growth strategies

A report by global consultancy AT Kearney in late August 2016 said the e-commerce market in the GCC is expected to grow to $20 billion by 2020. (Shutterstock)
March 12th, 2017 - 08:00 GMT

Same-day service deliveries in GCC an untapped market: Wing CEO

Al-Falih added that the kingdom held a long-term view and had kept capital spending unchanged despite the weakness of oil market conditions over the last two years. (AFP/File)
March 12th, 2017 - 07:00 GMT

False expectations of demand hinders oil investments: Al Falih

In addition to representatives from the US and MENA governments, there will be a host of leaders from multilateral financing institutions supporting SME development in the region. (Shutterstock/Dr Ajay Kumar Singh)
March 12th, 2017 - 06:00 GMT

AmCham Bahrain: US corporate giants convene in Manama

The new loan guarantee forms part of a wider package that also includes US$18 million to fund technical expertise to the Government of Egypt. (AFP/File)
March 12th, 2017 - 05:12 GMT

UK grants Egypt $150M loan guarantee towards economic reform efforts

While it has already led to the cancellation of thousands of flights, Trump’s travel ban is expected to negatively impact the aviation industry. (File photo)
March 9th, 2017 - 04:31 GMT

Emirates bookings down 35 percent after Trump's travel ban

Once completed, the bridge will cut the driving time between Kuwait City and Subbiya to 20-25 minutes from 90 minutes now. (AFP/Yasser Al-Zayyat)
March 9th, 2017 - 12:17 GMT

Kuwait causeway project set to revive ancient Silk Road trade route

New fees and fines of between Dhs2,000 and Dhs20,000 will be applied for non registered drone use for commercial activities and Dhs1,000 to Dhs20,000 for other activities. (Shutterstock)
March 9th, 2017 - 11:00 GMT

Dubai cracks down on illegal drone use with hefty fines

Msheireb Downtown Doha, the 30-hectare sustainable urban development, will witness the launch of 40 smart services that are designed to help power the operations at the Smart City’s 100 major buildings. (Shutterstock)
March 9th, 2017 - 09:00 GMT

Meeza to implement Phase II of Msheireb Downtown Doha smart city

Emirates National Bank of Dubai (Emirates NBD) came in third place with valued assets of $122 billion. (File photo)
March 9th, 2017 - 08:00 GMT

UAE banking sector tops Gulf states for asset volume

There are still many unanswered questions about the revenue sharing and other issues related to oil and gas. (Shutterstock)
March 9th, 2017 - 07:00 GMT

Lebanon's lawmakers pledge to grant oil and gas contracts by end 2017

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