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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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When it comes to the question of cyber-security, organisations in the region have shown a rather cavalier attitude, dominated by a ‘why me?’ mind-set. (Shutterstock)
February 12th, 2017 - 12:32 GMT

MENA M&As are prime targets for cyberattacks: FireEye

The number of the Danish tourists that visited Egypt reached 100,000 in 2009, according to the latest statistics by Egypt's State Information Service. (AFP/File)
February 12th, 2017 - 11:00 GMT

Denmark and Norway remove travel restrictions to Egypt's South Sinai cities

Companies in Oman have been facing problems when it comes to employing Omanis due to their salary expectations. (Shutterstock/Aisyaqilumaranas)
February 12th, 2017 - 10:00 GMT

Invest in training to achieve target Omanization ratios: Industry experts

Dana Gas reported a full year revenue of $392 million as compared to $417 million in 2015. (Shutterstock)
February 12th, 2017 - 09:00 GMT

Unpaid dues from Egypt, Kurdistan hit UAE's Dana Gas profits, investment plans

The gathering will allow leaders to discuss the current challenges the world face today, including economic, political and environmental, as well as the rapid innovations in science and technology.
February 12th, 2017 - 08:00 GMT

World Government Summit 2017 kicks off in Dubai

The Euro Disney share swap transaction was valued at $151M.  (AFP/Mehdi Fedouach)
February 12th, 2017 - 07:00 GMT

Al Waleed's Kingdom Holding Company pockets $61M in Euro Disney share swap

Tourism to Aqaba, Jordan is benefiting from the strong demand of local and Scandinavian countries. (File photo)
February 12th, 2017 - 06:00 GMT

Colliers names Aqaba, Palm Jumeirah as 2017 tourism hotspots

Shaikh Ahmad Bin Saeed Al Maktoum, President of Dubai Civil Aviation and Chairman and Chief Executive of Emirates airline and Group at the 2010 Berlin Air Show. (AFP/Sean Gallup)
February 12th, 2017 - 05:16 GMT

Gulf airlines subsidy row: Emirates has invested $140B in the US

Earlier this month, the Cabinet decided to deduct 10 per cent of any sum above JD2,000 in monthly salaries of civil servants, and set a cap of JD3,500 on public sector salaries. (Shutterstock)
February 9th, 2017 - 02:00 GMT

Jordan increases minimum wage, raises taxes to narrow deficit

The 18-hole course, designed by Gil Hanse, is part of Damac Hills, near Dubai Studio City and Arabian Ranches, a large residential neighbourhood popular with expats. (YouTube)
February 9th, 2017 - 01:00 GMT

Trump's sons to officially open Trump International Golf Club at Damac Hills Dubai

Almost 3,000 textile workers in Mahalla El-Kubra, mostly women, staged a strike on Tuesday to demand better pay. (Ahram)
February 9th, 2017 - 12:00 GMT

Egypt: Fearing dismissal, Mahalla textile workers end strike

Gartner analysts will examine key industry trends during Gartner Symposium/ITxpo 2017 in Dubai, 28 February – 2 March.  (Shutterstock)
February 9th, 2017 - 11:00 GMT

MENA public cloud services market expected to reach nearly $2M by 2020: Gartner

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