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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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The country’s high expat population has dominated politics in recent weeks, with MPs calling for a special debate on the subject next month.  (Shutterstock/Nathan Bai)
January 29th, 2017 - 10:16 GMT

Kuwait prepares to debate proposal for tax on expat remittances

Centamin's Sukhari gold mine in Egypt. (Centamin)
January 29th, 2017 - 09:18 GMT

'Unattractive' investment terms take the shine off Egypt's gold mining tenders

GE has over 40 years of presence in Iraq. (Shutterstock)
January 29th, 2017 - 08:30 GMT

GE signs deals to power up Iraq's national grid

Employers will have one month to rectify the violation or face a double fine. (Shutterstock)
January 29th, 2017 - 07:30 GMT

Saudi Arabia introduces penalties on employers who withhold employees passports

A protestor demonstrates against the new ban on immigration issued by President Donald Trump at Logan International Airport, Boston on January 28, 2017. (AFP/Scott Eisen)
January 29th, 2017 - 06:00 GMT

Trump's 'Muslim' visa ban causes airport chaos, sparks anger worldwide

Some of the grant will be allocated to support Jordanian factories and companies that are keen on exporting to EU countries.  (Shutterstock)
January 29th, 2017 - 05:45 GMT

Jordan signs $77.6M grant agreement with EU

OPEC’s 13 members and 11 other producers have trimmed output by more than 1.5 million barrels a day since the deal started this year, out of a pledged 1.8 million (Shutterstock)
January 26th, 2017 - 12:00 GMT

Kuwait to spend $115B in energy over five years, sees oil market balance this year

The Crown Prince of Abu Dhabi General Sheikh Mohammed Bin Zayed Al Nahyan (C) is met by Indian Prime Minister Narendra Modi (R) and Indian President Pranab Mukherjee (L) in New Delhi January 25, 2017. (AFP/Money Sharma)
January 26th, 2017 - 11:00 GMT

UAE-India form Comprehensive Strategic Partnership, ink ADNOC oil storage deal

The country’s Article 88 Labour Law allows firms to fire workers for poor financial performance, low revenue and a general economic slowdown.  (AFP/Hassan Amar)
January 26th, 2017 - 10:00 GMT

Saudi layoffs 'lack creativity' in dealing with downturn: Experts

The ocean tank will have 1.7 million litres of sea water and will be stocked with fish and sharks from the coasts of Oman.  (Crossley Architects)
January 26th, 2017 - 09:00 GMT

Oman's Palm Mall Aquarium on track for 2018 opening

The index reflected an increase in “petty corruption” among some public servants, suggesting that corruption is no longer limited to those with influence and power.  (Shutterstock)
January 26th, 2017 - 08:00 GMT

Not squeaky clean, but Jordan improves ranking on anti-graft index

The project is aimed at helping ease travel for millions of religious pilgrims who visit the Iraqi city of Karbala each year.  (Adp-i)
January 26th, 2017 - 07:00 GMT

UK's Copperchase wins contract for Iraq's Mid-Euphrates Airport revamp

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