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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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There are at least 10 known hot springs in Saudi Arabia.  (Shutterstock)
January 18th, 2017 - 11:30 GMT

The power within: Saudi Arabia to explore geothermal energy

Property analysts say that beach closures aren't new to Dubai, as new projects are being proposed, constantly changing the emirate's skylines.  (Shutterstock)
January 18th, 2017 - 10:25 GMT

Dubai's beachfront property: Now you see it, now you don't

Thousands of importers have been caught out by the float, facing ballooning dollar debts after they had opened dollar credit-lines with banks.   (AFP/Patrick Baz)
January 18th, 2017 - 09:00 GMT

Egypt to adjust customs dollar exchange rate to help struggling importers

Saudi Aramco CEO Amin Nasser. (AFP/Ozan Kose)
January 18th, 2017 - 08:00 GMT

Rising demand for oil will require $25 trillion investment over next 25 years: Aramco

Lufthansa and Etihad last month signed a flight code-sharing deal after Lufthansa agreed to lease 38 crewed planes from airberlin, which is part-owned by Etihad. (Wikimedia Commons)
January 18th, 2017 - 07:00 GMT

Etihad dismisses reports of Lufthansa merger as 'mere speculation'

The objective of the Hywind pilot farm is to demonstrate cost efficient and low risk solutions for future commercial-scale floating wind farms. (Shutterstock)
January 18th, 2017 - 06:00 GMT

Masdar buys 25 percent in Hywind Scotland to develop world's first floating offshore windfarm

With the two latest deals, Egypt's petroleum sector would have concluded 76 deals for oil and gas exploration with international companies since November 2013. (Shutterstock)
January 18th, 2017 - 05:00 GMT

Egypt signs oil and gas exploration deals worth $30M

Kuwait's private sector will contribute 16.9 percent of the infrastructure spend. (Shutterstock/Mike Dotta)
January 17th, 2017 - 12:18 GMT

Kuwait to spend $15.6B on infrastructure projects in 2017-2018

The growth of the renewable energy sector in Saudi Arabia is an opportunity for job generation. (Shutterstock)
January 17th, 2017 - 11:00 GMT

Saudi Arabia's renewable energy program targets up to $50B investment by 2032

There have been repeated calls to change the controversial law, since neighbouring countries have already modified their rules to allow expats to work more freely.  (Shutterstock)
January 17th, 2017 - 10:00 GMT

Oman's lawmakers back controversial two-year visa ban for expats

Masdar is leading efforts to link desalination to renewable energy, investigating the latest advances in technologies. (Trade Arabia)
January 17th, 2017 - 09:00 GMT

International Water Summit 2017: GCC countries are global leaders in desalination

Employees of the King Fahd Quran Printing Complex in Medina had complained of salary delays even prior to losing their jobs. (SPA)
January 17th, 2017 - 08:00 GMT

Saudi Oger: 1,300 fired workers seek resolution over unpaid salaries

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