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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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Among several economic measures, the government has recently decided to raise the renewal fees of passports for Gazan residents in Jordan from JD25 to JD200. (File photo)
February 23rd, 2017 - 08:00 GMT

Jordan votes to extend validity of temporary passports for Gazans

The venue, located just minutes from Hamad International Airport and in the centre of the urban development of Qatar’s capital Doha, is scheduled for completion by 2020. (AFP/File)
February 23rd, 2017 - 07:15 GMT

Qatari-Turkish JV signed to build seventh FIFA World Cup stadium

Brent crude oil prices remain at one of the lowest levels in real terms in decades. (File photo)
February 23rd, 2017 - 06:42 GMT

Oil price forecast at $50-$70 for next five years

Yemen’s President Abed Rabbo Mansour Hadi called on his government to focus on power, water, roads, health and education in retaken areas. (AFP/File)
February 23rd, 2017 - 05:33 GMT

Saudi Arabia to donate $10B towards Yemen reconstruction

PepsiCo's CEO also confirmed that a new beverages plant is set to officially open in Dubai this month.  (Shutterstock/Ioan Panaite)
February 22nd, 2017 - 01:00 GMT

One of PepsiCo's largest manufacturing plants to open in Jeddah

Viu already operates in Indonesia, Malaysia, India, Hong Kong and Singapore, and is now available for users in the UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain, Egypt and Jordan. (Digit.in)
February 22nd, 2017 - 12:00 GMT

Vuclip launches Viu streaming service across the Middle East

The appointments come in line with a goal outlined in the Saudi Vision 2030 reform plan to increase the participation of women in the workforce from 22 percent to 30 percent.  (Arab News)
February 22nd, 2017 - 11:00 GMT

Saudi women blaze a historic trail in finance

It has been estimated that over the next 20 years, cities across the world will invest approximately $41 trillion on technologies to offer improved services. (Shutterstock)
February 22nd, 2017 - 10:00 GMT

Ahead of Arab Future Cities Summit, Qatar announces increase in smart infrastructure investments

There is also a need to improve internet connectivity in Lebanon for banks to be able to provide fintech services in an effective way. (Shutterstock)
February 22nd, 2017 - 09:00 GMT

Lebanon's banks trail behind in fintech services

The UK-based company had earlier racked up £21 million (Dh95 million) in pre-tax losses in June 2016.  (Twitter/Balfour Beatty)
February 22nd, 2017 - 08:00 GMT

UK's Balfour Beatty exits MENA with $13.7M sale of operations to Dutco

Some importers are not happy with the deal, saying the rate of the dollar that they will have to pay their credit lines with is still too high for them to afford. (File photo)
February 22nd, 2017 - 07:00 GMT

Egypt's Central Bank settles with investors over pre-flotation credit lines

Before the outbreak of civil war, Libya was producing about 1 million bpd.  (AFP/File)
February 22nd, 2017 - 06:10 GMT

New deal with Russia's Rosneft brings hope for recovery of Libya's oil sector

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