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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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Russian tourists made up 67.9 percent of Egypt’s tourists in 2015. (AFP/File)
February 14th, 2017 - 07:00 GMT

Russian flights to three Egyptian airports resume 23 February

The closure of the Nassib border crossing translated into a heavy drop in Lebanese agricultural exports from 533.18 tons in 2014 to 360.76 tons in 2016. (File photo)
February 14th, 2017 - 06:00 GMT

Struggling Lebanese farmers call for more governmental support

OPEC is still urging oil suppliers outside the group to fulfil their commitments to cut output. (File photo)
February 14th, 2017 - 05:34 GMT

Saudi oil production reaches lowest level in eight years

The project is expected to cost SAR2bn, with investors receiving a profit of 15 per cent of the capital annually or SAR350m through 20-year rental leases. (File photo)
February 13th, 2017 - 01:00 GMT

Consortium to invest $1.3B in 100 international schools in Saudi Arabia

The new terminal will have 118 check-in counters for international and domestic flights, along with 82 immigration counters. (File photo)
February 13th, 2017 - 12:00 GMT

Oman: Muscat International Airport's revamp on track for end-2017 completion

UK trade envoy to Egypt Sir Jeffrey Donaldson MP and the CEO of UK Export Finance Mr Louis Taylor in Egypt in 2016. (Gov.uk)
February 13th, 2017 - 11:00 GMT

UK’s 'biggest trade delegation to date' heads to Cairo

In Saudi Arabia, 39 percent people have made online purchases, an increase of 57 percent from last year and 33 percent bought things using their mobiles in the last month. (Shutterstock)
February 13th, 2017 - 10:05 GMT

Huge rise in MENA e-commerce presents opportunities for fintech sector

Redundancies and the shrinkage of the oil and gas sector continue to place pressure on the demand in the market. (Shutterstock/ Martchan)
February 13th, 2017 - 09:00 GMT

Abu Dhabi rents continue to drop under market pressures

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Sheikh Mohammed bin Rashid Al Maktoum, Christine Lagarde, Emirati and regional leaders at the World Government Summit in Dubai. (Twitter/Dubai Media Office)
February 13th, 2017 - 08:00 GMT

World Government Summit 2017: Governments must tap the talents of Generation Z

Arabtec did not provide any details on where the losses in 2016 came from, but the company had attributed earlier losses challenges in the economic environment. (File photo)
February 13th, 2017 - 07:00 GMT

Beleaguered Arabtec mulls capital reduction plan amid $926M reported loss

The telecom sector in Jordan is subject to different taxes that are considered the highest in the region. (Shutterstock)
February 13th, 2017 - 06:00 GMT

Jordan's higher telecom taxes impede plans to become regional ICT hub: Telcos

Once shunned in favour of prestigious foreign brands perceived to offer higher quality, Egyptian-made products are much more affordable for customers who are increasingly price-conscious. (Wikimedia Commons)
February 13th, 2017 - 05:16 GMT

Egyptians buy local as currency devaluation bites

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