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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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An Egyptian man walks down the street at the Khan al-Khalili market in Cairo on May 20, 2016. (AFP/File)
February 5th, 2017 - 07:32 GMT

Middle East economy grows and shows surprising resilience despite political turmoil

European Commission Vice-President Jyrki Katainen, seen January 31, 2017, is in charge of jobs, growth, investment and competitiveness for the EU's executive arm.  (AFP/File)
February 2nd, 2017 - 02:00 GMT

Europe hoping to restart Gulf Free Trade talks

Saudi Oil Minister Khaled al-Falih. (AFP/File)
February 2nd, 2017 - 01:00 GMT

Saudi, Kuwait look to new oil investments in US under Trump

 Development Minister, Lutfi Elvan. (File photo)
February 2nd, 2017 - 12:00 GMT

Turkey’s an attractive country for foreign investments, says Development Minister

The UAE is looking to diversify its market beyond oil exports. (Shutterstock)
February 2nd, 2017 - 11:00 GMT

UAE’s non-oil trade in 2016 shows almost flat growth compared to 2015

The US previously implemented wheat grants in Jordan worth a total of $36 million.
February 2nd, 2017 - 10:04 GMT

Jordan signs deal to receive 100,000 tons of wheat from US in food aid

Tarek Amer, governor of the Central Bank of Egypt, speaks during a recent press conference in Cairo. (AFP/File)
February 2nd, 2017 - 09:48 GMT

Egypt’s Central Bank receives $4 billion from Eurobonds issuance

Last year, Etihad and Lufthansa started working together, and have since announced a code-share agreement that covers four routes. (Wikimedia)
February 2nd, 2017 - 07:00 GMT

Etihad and Lufthansa Airlines sign partnership including $100 million catering agreement

Telecom operators are all affiliated with companies abroad which means the response will be "swift". (File photo)
February 2nd, 2017 - 06:47 GMT

Jordanians boycott telecom services to protest potential fees on apps ‘Whatsapp’ and ‘Viber’

Major projects of Oman Oil Company include the Duqm gas pipeline, a mega crude storage facility at Ras Al Markaz and several other projects in Duqm free zone.  (Wikimedia Commons)
February 1st, 2017 - 01:00 GMT

Oman Oil announces billion-dollar investment in national projects

The 2016 results – which take Nakheel’s cumulative results since 2010 to Dh19.9 billion – follow improved year-on-year performances by the company’s retail, hospitality and residential leasing businesses. (File photo)
February 1st, 2017 - 12:00 GMT

UAE developer Nakheel announces record $1.35B net profit

Saudi Arabian Airlines’ (Saudia) domestic terminal will also shift to the new airport. (SPA)
February 1st, 2017 - 11:00 GMT

Airlines prepare for relocation to Jeddah's new airport

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