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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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Malaysia's Prime Minister Najib Razak (R) talks with Saudi Arabia's King Sultan Salman bin Abdulaziz al-Saud in Putrajaya, outside Kuala Lumpur.  (AFP/Mohammed Rasfan)
March 1st, 2017 - 11:00 GMT

Saudi Arabia, Malaysia ink deals worth $2B across various sectors

Syrian refugees require more training on skills for the garment and textile sector..  (AFP/File)
March 1st, 2017 - 10:00 GMT

Syrian refugees in Jordan: Work permit scheme begins to bear fruit

Over 350 construction and engineering companies, regional and international railway operators are expected to participate and offer their services for future systems. (Twitter/Middle East Rail)
March 1st, 2017 - 09:00 GMT

Middle East Rail conference to breathe life into pan-GCC network

Ink's contract win comes after Ink won another Gulf deal to produce Qatar Airways’ monthly in-flight magazine Oryx, to appear onboard from Jan. 1.  (File photo)
March 1st, 2017 - 08:00 GMT

UK publisher Ink to open Abu Dhabi office following Etihad inflight deal

Bahrain witnessed an 8.4 percent increase in inbound traffic in the third quarter of 2016 and a peak of 1.4 million arrivals during the month of August. (Shutterstock)
March 1st, 2017 - 07:00 GMT

Leisure sector to drive Bahrain's tourism industry growth to $1B by 2020

Saudi Arabia is expected to increase its domestic gasoline prices by 30 per cent from July, but still has the cheapest gasoline prices in the world. (File photo)
March 1st, 2017 - 06:00 GMT

Saudi Arabia takes aim at budget deficit with fuel price hike, fiscal reform

The announcement coincided with the sixth anniversary of commencing construction work on the dam. (File photo)
March 1st, 2017 - 05:00 GMT

Six years on, Grand Ethiopian Renaissance Dam is 56 percent complete

Education should be directed towards addressing skills deficiencies in the jobs market, and not just towards educating individuals and increasing literacy rates. (Twitter)
February 28th, 2017 - 01:00 GMT

Saudization, Omanization, Emiratization: Naturalization programs need to consider the skills for tomorrow


SAR will operate six railway cars, but will begin with two in the first stage to transport a maximum of 444 passengers in one journey. (File photo)
February 28th, 2017 - 12:00 GMT

Saudi Railway opens 1,250km Riyadh-Qassim line

In a recent editorial, Al Habtoor said Trump’s policies ignite fear and loathing.  (YouTube)
February 28th, 2017 - 11:00 GMT

Khalaf Al Habtoor weighs in on Trump's war on the media

More people are beginning to perceive boating, and more particularly, yachting, as a destination in itself, rather than as a means to an end.  (AFP/File)
February 28th, 2017 - 10:00 GMT

New UAE waterfront developments fuelling revival of yacht market

The Emirati Safwan Petroleum Technologies company allocated $2m initial investments for the Egyptian market. (Shutterstock/Wan Fahmy Redzuan)
February 28th, 2017 - 09:00 GMT

Arab investors target opportunities in Egypt's energy, industrial sectors

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