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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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Disney claims that the ban has not had an impact on the number of visitors to Disney attractions in the US, Paris or the Disney Cruise line. (Disney)
March 9th, 2017 - 06:00 GMT

Despite Trump visa ban, Disney continues to court Arab tourists

The project aims to create a world-class provider of offshore EPCI services throughout the Middle East and regional markets.  (Offshore-technology.com)
March 9th, 2017 - 05:26 GMT

McDermott International, Aramco ink construction deal for Saudi maritime complex

Bahrain's friendly atmosphere seems to help women working abroad to settle in. (Shutterstock)
March 8th, 2017 - 03:00 GMT

Bahrain beats Australia and Norway as best country for women working abroad: Survey

The number of tourists coming to Egypt in 2015 was 9.3 million, compared with more than 14.7 million in 2010. (File photo)
March 8th, 2017 - 02:28 GMT

Is tourism in Egypt on its way to recovery?

The new rules will see bags without flat surfaces rejected at check-in. (Shutterstock)
March 8th, 2017 - 11:38 GMT

New baggage rule at Dubai airports

The Riyadh metro is now 48 per cent complete and will be completed in two years time. (File photo)
March 8th, 2017 - 10:40 GMT

Saudi Arabia eyes private partnerships for new metro projects

Yellow taxis that are part of Careem will charge slightly more than yellow taxis that are not included in the app. (File photo)
March 8th, 2017 - 09:00 GMT

Jordan: Amman taxis join Careem, resolving competition dispute

Aoun met Ferid Belhaj, World Bank director for the Middle East, and a delegation from the World Bank (The Daily Star/Dalati Nohra)
March 8th, 2017 - 08:00 GMT

World Bank to increase funds to Lebanon

Hyperloop One is competing with a number of other companies to have the first operational hyperloop system, a mode of transport that will propel passengers and cargo at speeds of nearly 700mp/h (1,127km/h). (File photo)
March 8th, 2017 - 07:00 GMT

Hyperloop One to hire staff for UAE expansion

Jordan's PM expressed interest in establishing a maritime line between Aqaba and Turkish ports, as well as increasing the volume of exported phosphate and potash to Turkey. (File photo)
March 8th, 2017 - 06:00 GMT

Jordan, Turkey target $3B trade volume, new maritime line

Motiva was formed in 1998 as a refining and marketing joint venture between affiliates of Shell and Saudi Aramco. (Saudi Aramco)
March 8th, 2017 - 05:17 GMT

Saudi Aramco, Shell finalize Motiva asset transfer to dissolve long-term JV

The Logistics Areas Project is located close to the Hamad Port, the Mesaieed Industrial Port and the Orbital Highway. (Shutterstock)
March 7th, 2017 - 01:00 GMT

Qatar logistics hub development expected to attract $8.24B in investment

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