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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 Report: Qatar 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments.  (Shutterstock/Colour World)
January 22nd, 2017 - 05:15 GMT

Qatar's non-oil investments gather pace

Universities in Beirut will each get one station of 12 bicycles, with the potential to add another if scheme proves popular.  (Facebook/Jawad Sbeity)
January 19th, 2017 - 01:00 GMT

Lebanon to pilot the country's first bike-sharing system in Beirut

Only the UAE and Kuwait are set to post surpluses by 2021, and analysts expect all GCC countries to remain in deficit in 2017. (File photo)
January 19th, 2017 - 12:00 GMT

GCC purse-tightening to persist for the long haul: Analysts

The State of the Future report was prepared in collaboration with 21 experts from organizations such as NASA, NYU Langone Medical Center, MIT, ConsenSys, and the SENS Research Foundation.  (Shutterstock)
January 19th, 2017 - 11:00 GMT

UAE releases 112 predictions on 'The State of the Future' at Davos

Yesterday’s protest followed a three-day strike over a new payroll system by national oil and gas workers last April. (AFP/File)
January 19th, 2017 - 10:00 GMT

Kuwait Oil Company workers protest plans for privatization

The most pressing changes required include enhancing the efficiency of the labor market, to allow workers to quickly move, at low cost, from one job to another. (AFP/Fabrice Coffrini)
January 19th, 2017 - 09:00 GMT

Davos 2017: MENA business leaders unveil six-point policy reform plan

Saudi Arabia’s Energy Minister Khalid al Falih at the World Future Energy Summit in Abu Dhabi.  (AFP/Nezar Balout)
January 19th, 2017 - 08:00 GMT

'No need to extend oil production cuts beyond six months': Saudi oil minister

Cycling is one of the fastest growing activities in Dubai, with an ever-increasing number of events, initiatives and groups promoting the sport. (Shutterstock/Philip Lange)
January 19th, 2017 - 07:00 GMT

Nakheel to build over 105 kms of bike tracks in Dubai

Render of the Central Bank of Iraq, designed by the late Iraqi-born architect Zaha Hadid. (Zaha Hadid Architects)
January 19th, 2017 - 06:00 GMT

Iraq closes $1B bond issue, guaranteed by US

Souq is now seeking other potential investors and is reportedly negotiating with mall operator Majid Al Futtaim.  (Unboxaholics.com)
January 19th, 2017 - 05:00 GMT

Amazon, Flipkart abandon talks for $1B Souq acquisition

Outgoing US Vice President Joe Biden addresses the assembly on the second day of the World Economic Forum, on January 18, 2017 in Davos. (AFP/Fabrice Coffrini)
January 18th, 2017 - 01:30 GMT

Davos 2017: From global to local, what do the talks mean for the Middle East?

Egypt's currency devaluation has increased costs for the construction industry, negatively impacting developers’ cash flows.  (AFP/File)
January 18th, 2017 - 12:30 GMT

Egypt's pound devaluation pummels real estate sector

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