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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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Egyptians consume an estimated 250,000 tons of sugar each month, according to Egypt’s Supply Ministry. (Shutterstock)
February 1st, 2017 - 10:00 GMT

Sugar high again: Egypt raises prices of subsidized sugar and cooking oil

The Shamoon malware that infected the ministry’s systems is believed to be responsible for a similar cyberattack on state oil giant Saudi Aramco in 2012.  (Shutterstock)
February 1st, 2017 - 09:00 GMT

A week on, Saudi labor ministry continues to face disruptions from cyber attack

In 2016, the Dubai market registered the highest RevPAR of $200, followed by Jeddah, which registered a RevPAR of $196. (Shutterstock/Esherez)
February 1st, 2017 - 08:00 GMT

Middle East hospitality market witnessed drop in RevPAR in 2016: EY

STC was assigned a global ranking of 252, rising 11 per cent during 2016 to $6.2 billion, as per Brand Finance's calculations.  (Rediff)
February 1st, 2017 - 07:00 GMT

Saudi Telecom voted most valuable Arab brand, bypassing UAE firms

In addition to electricity reform, the IMF report argued for increasing revenue with fuel taxation and called for legislation to increase private sector investment.  (Shutterstock)
February 1st, 2017 - 06:00 GMT

IMF calls for 'plausible policy mix' to reduce Lebanon's mounting debt

Prices of oil derivatives on the local market are calculated based on international prices, with the addition of other costs such as shipment, handling and taxes. (Shutterstock)
February 1st, 2017 - 05:22 GMT

Jordan hikes fuel prices by up to eight percent

Just like du, Virgin Mobile will use the network, IT and other infrastructure of EITC.  (AndroidHeadlines.com)
January 31st, 2017 - 01:10 GMT

Virgin Mobile to target niche market with UAE debut

Aviation relies on very skilled staff for almost all of the work that is done and the talent pool available is not infinite. (AFP/Don Emmert)
January 31st, 2017 - 12:00 GMT

Trump's visa ban to negatively impact aviation industry


Typically if a tenant decides to leave a property before the end of the contract, he/she pays around two or three months' worth of rent to the landlord. (Shutterstock)
January 31st, 2017 - 11:02 GMT

Oman: Short-term expat workers caught in debt by long-term tenancies

The labor office must consider finding alternative jobs for laid off Saudi staff at the current firm or any other firms belonging to the employer.  (AFP/Fayez Nureldine)
January 31st, 2017 - 10:05 GMT

Saudi labor ministry issues directive to prevent mass layoffs

Detail of ancient arabic carving, La Alhambra, Granada, Spain. (Shutterstock)
January 31st, 2017 - 08:00 GMT

Growing interest in Islamic finance at European business schools

King Salman and Donald Trump discussed the importance of enhancing economic, security and military cooperation.  (AFP/Fayez Nureldine)
January 31st, 2017 - 07:00 GMT

Saudi Arabia's King Salman takes Trump's call, approves VAT and selective taxes

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