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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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British Foreign Secretary Boris Johnson (L) meets with his Egyptian counterpart Sameh Shoukry on February 25, 2017, in the capital Cairo. (AFP/Stringer)
February 26th, 2017 - 12:00 GMT

Egypt raises issue of continued UK flight ban to Sharm with British FM

The CAA’s complaint data shows that the most complained about airline for non-payment of compensation for connecting flights was Emirates. (File photo)
February 26th, 2017 - 11:00 GMT

UAE airlines to fight against EU law application on flight delay compensation

The last date for submitting the offers is March 31.  (Wikipedia)
February 26th, 2017 - 10:00 GMT

Lebanon's oil and gas tenders proceed despite disputed offshore blocks

Aramco has asked JPMorgan Chase and Morgan Stanley to assist with its upcoming mammoth IPO and could call on another bank with access to Chinese investors. (File photo)
February 26th, 2017 - 09:00 GMT

Aramco mulls discounted stock for Saudi investors

OPEC Secretary-General Mohammad Barkindo said there was strong coordination around the agreement, comments that followed reports suggesting stronger action in the second half of the year. (File photo)
February 26th, 2017 - 08:00 GMT

OPEC, non-OPEC reach 86 percent compliance with product cuts

The inability to impose a cohesive monetary policy is normal given that the country is currently being ripped apart by an armed coup led by Houthi militia. (File photo)
February 26th, 2017 - 07:00 GMT

Yemen's Central Bank struggles to impose unified exchange rate

Misr Italia Deputy Chairman Mohamed al-Assal said his company was no longer in contact with Saudi Arabia over the deal. (Shutterstock)
February 26th, 2017 - 06:00 GMT

Political tensions hit Egyptian housing deals with Saudi Housing Ministry

The government’s decision to raise the renewal fees of passports was a necessity to overcome a “tough” economic situation, with avoiding any impacts on other vital sectors in the state. (File photo)
February 26th, 2017 - 05:00 GMT

Jordan revises temporary passport fees for Gazans

This is for the first time a Saudi monarch is visiting Indonesia after the visit of King Faisal 46 years ago. (AFP/File)
February 23rd, 2017 - 12:00 GMT

Landmark pacts expected during Saudi King Salman's historic tour of East Asia

A member of Egypt's richest family, Sawiris is chairman of Orascom Development Holding, which operates tourist resorts and real estate projects in Egypt and Europe. (Wikimedia Commons)
February 23rd, 2017 - 11:00 GMT

Egypt's currency devaluation a success, but investment will take time: Sawiris

A total of 133 private and international schools across the kingdom will soon shift to new buildings under construction following the new rules.  (YouTube)
February 23rd, 2017 - 10:00 GMT

Over 50 percent of Jeddah's private schools face closure due to new leasing rules

The government aims to hold a practical discussion to define the taxes and fees that should be applied, with the least impact on the economic growth and on the low-income class. (AFP/File)
February 23rd, 2017 - 09:00 GMT

Lebanon's budget will consider interests of citizens, economy: PM

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