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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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The World Government Summit 2017 was organised in cooperation with the Prime Minister’s Office and the International Monetary Fund.  (AFP/File)
February 28th, 2017 - 08:00 GMT

IMF pushes fiscal consolidation, structural reforms for GCC growth

Khalil did not reveal the size of the eurobonds which will be launched in 2017 or the yields on these bonds. (Shutterstock)
February 28th, 2017 - 07:00 GMT

Lebanon prepares to issue new eurobonds in 2017


The announcement was made on the second day of a four-day state visit to Malaysia by Saudi Arabia's King Salman. (AFP/Manan Vatsyayana)
February 28th, 2017 - 06:00 GMT

Saudi Arabia to invest $7B in Malaysian oil refinery

The arrangement with Uber will provide easy financing for drivers with a “reasonable” interest rate which would be commensurate with the driver’s monthly income. (File photo)
February 28th, 2017 - 05:13 GMT

Uber Egypt to help their drivers purchase new cars

Saudi Arabia’s Vision 2030 emphasizes the importance of nurturing female talent, and acknowledges women’s significant contribution to the development of Saudi society and economy. (File photo)
February 27th, 2017 - 12:00 GMT

The Pearl Initiative and PepsiCo join forces to address workplace diversity in Saudi Arabia

In 2016, Alabbar went from UAE real estate heavyweight at the head of Emaar and Eagle Hills to a big name in food and e-commerce after several acquisitions.  (AFP/File)
February 27th, 2017 - 11:00 GMT

The top five most powerful Emiratis in 2017

The switch to more renewable forms of energy will also result in the reduction of up to one gigaton of carbon emissions by 2030, and the creation of countless jobs across the region. (Shutterstock)
February 27th, 2017 - 10:00 GMT

Shift towards clean energy can save GCC $87B: Study

The integration aims to enhance the competitiveness, financial performance, and resilience of both companies. (Qatarmaster.com.qa)
February 27th, 2017 - 09:00 GMT

Qatar Vinyl integrated with QP to form Qatar Petrochemical Company

Buyer demand for healthy and Halal products has turned Gulfood 2017 into a window to global food sector reinvention. (Shutterstock/Maksym Poriechkin)
February 27th, 2017 - 08:00 GMT

Gulfood 2017 gets underway in Dubai with 5,000 exhibitors from 120 countries

Work is underway to create an agenda of governmental activities over a period of weeks. (File photo)
February 27th, 2017 - 07:00 GMT

Jordan presses forward with administrative reform, economic incentives

Egypt last increased its entry visa fees in April 2014, from $15 to $25. (Shutterstock/Andriy Oleksienko)
February 27th, 2017 - 06:00 GMT

Egypt to raise tourist visas by 140 percent in July

The main objective of setting up Nomu was as an additional source of funding for issuers to access capital, and increased diversification and deepening of the capital market. (File photo)
February 27th, 2017 - 05:11 GMT

Saudi Arabia debuts Nomu, the alternative equity market

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