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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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Parliament is currently studying a law for the creation of a national committee for fighting corruption, as well as a law for the protection of those who report corrupt activities.  (Shutterstock)
March 7th, 2017 - 12:00 GMT

Modernization of laws to fight corruption, money laundering needed: Lebanese minister

Designed to be a sustanable model, the hotel will rely heavily on a farm-to-table philosophy, with around 60 to 70 percent of the hotel’s fresh produce needs being sourced from an adjoining farm. (Pinterest)
March 7th, 2017 - 11:00 GMT

Hotel Indigo will be MENA's first solar-powered hotel

Icflix offerings will be available as a one-month free trial followed by a subscription of less than $3 a month. (Google Play)
March 7th, 2017 - 10:00 GMT

Orange Egypt partners with Icflix for exclusive digital content

Saudi Arabia faces a crucial juncture in its economic growth and youth employment.  (File photo)
March 7th, 2017 - 09:00 GMT

Saudi Arabia to harness digitization to create half a million jobs by 2020

The special-purpose company - owned by Marubeni (20 per cent), JinkoSolar (20 per cent) and Adwea with a 60 per cent stake - will construct, own, operate and maintain the PV plant. (File photo)
March 7th, 2017 - 08:00 GMT

Sino-Japanese JV wins contract for Abu Dhabi solar power plant

Marble and granite factory owners in Lebanon have recently staged several rallies against imports of similar products from Egypt and Syria. (Assaf Marble)
March 7th, 2017 - 07:00 GMT

Lebanon and Egypt to sign MoU to ramp up trade

The resort, an affiliate of the Intercontinental Hotel Group (IHG), is set to be inaugurated in 2019.  (RAK Properties)
March 7th, 2017 - 06:00 GMT

Rak Properties and Al Nuaimi Group ink $3M deal for InterContinental hotel

S&P also said it expected the Qatari riyal’s peg to the US dollar to be maintained. (File photo)
March 7th, 2017 - 04:58 GMT

Debt concerns push S&P's Qatar rating to negative

Jabal Al Qara Cave, Al Hassa, Saudi Arabia. (WIkimedia Commons)
March 6th, 2017 - 12:00 GMT

Saudi Arabia allocates $800M in loans for tourism projects through to 2020

Among the hotels being run by Oman Hotels & Tourism Co include: Ruwi Hotel in Muscat, Al Wadi Hotel in Sohar, Sur Plaza Hotel in Sur and the Desert Nights Camp in the Sharqiyah Sands. (Oman Hotels)
March 6th, 2017 - 11:00 GMT

Oman Hotels & Tourism Co. to develop ten new three- and five-star hotels by 2022

The Union Jack flies from the British Royal Navy's HMS Ocean (L12) amphibious assault ship and helicopter carrier as it lies docked in the port of Beirut. (AFP/Anwar Amro)
March 6th, 2017 - 10:00 GMT

UK affirms commitment to Lebanon despite Brexit

Mall of Egypt is expected to create more than 41,000 direct and indirect job opportunities since commencement of its construction. (Trade Arabia)
March 6th, 2017 - 09:00 GMT

Majid Al Futtaim opens $707M Mall of Egypt

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