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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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Morgan Stanley is also expected to be a global co-ordinator and bookrunner on the Aramco listing. (File photo)
February 19th, 2017 - 06:00 GMT

JP Morgan, Morgan Stanley tipped to underwrite Saudi Aramco IPO

Both Trump sons lauded the close, friendly relationship that Sajwani has had over the last several years with the Trump family and the Trump Organization. (Khaleej Times)
February 19th, 2017 - 05:00 GMT

Dubai's glitterati fete Eric and Donald Jr. at Trump International Golf Club opening

Bill Gates at the World Economic Forum in Davos 2017.  (AFP/Fabrice Coffrini)
February 16th, 2017 - 01:30 GMT

MENA youth will surprise people with innovation: Bill Gates

Among the GCC countries,The UAE was ranked first on the list; Qatar 29th; Bahrain 44th; Kuwait 61st; Saudi Arabia 64th and Oman 82nd.  (Shutterstock)
February 16th, 2017 - 12:30 GMT

UAE makes top ten on global economic freedom index

Small fishing boats in Mirbat, Dhofar, Oman. (Shutterstock/JurateBuiviene)
February 16th, 2017 - 11:30 GMT

Oman's fisheries sector can become a world-class competitive industry: World Bank

The commercial launch of iflix’s internet TV service across the MENA region is planned for Q2 of 2017.  (Trade Arabia)
February 16th, 2017 - 10:30 GMT

Zain, iflix in joint venture to launch regional internet TV service

The project is designed to cater to the needs of different income groups and family sizes and is being implemented in partnership with the private sector. (File photo)
February 16th, 2017 - 09:30 GMT

Saudi's Sakani housing program to distribute 120,000 homes

There is a consensus among the GCC countries for taking action together in case of a dumping attempt by a foreign company. (Shutterstock)
February 16th, 2017 - 08:30 GMT

Oman spearheads GCC anti-dumping study

Once a net gas exporter, Egypt has turned into a major importer in recent years as growing domestic demand outstripped production. (File photo)
February 16th, 2017 - 07:30 GMT

Egypt aims for end of government gas imports by 2018

The IMF has urged the Lebanese government to look for new alternatives to reduce the mounting public debt.  (File photo)
February 16th, 2017 - 06:52 GMT

Lebanon: Proposal to raise taxes met with opposition

The latest ruling follows a July 2015 court decision asserting Dana’s long-term contractual rights, lasting at least 25 years, to develop and produce gas and petroleum from the Khor Mor and Chemchamal fields. (Oil Guru)
February 16th, 2017 - 05:26 GMT

Dana Gas wins $121M in latest international arbitration case against KRG

The current four destinations, served by Royal Wings, bring an average of 400 tourists a week to Jordan through Aqaba. (Shutterstock)
February 15th, 2017 - 01:00 GMT

Jordan: Discussions underway to bring more European charter flights to Aqaba

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