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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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Bread seller in Hurghada. (Shutterstock/Sergei Butorin)
January 17th, 2017 - 07:00 GMT

Moody's forecasts four percent growth for Egypt in 2017

In 2016, visitors from Asia and the Pacific increased by 19.5 percent but the number of visitors from Gulf Arab countries dropped by 10 percent compared to 2015.  (Shutterstock)
January 17th, 2017 - 06:25 GMT

Jordan's tourism revenue stagnates at 2015 levels despite increased visitor numbers

Figures indicate that Kuwaiti nationals represent 16.9 per cent of the 2.5 million employed people.  (Shutterstock)
January 17th, 2017 - 06:03 GMT

Hasty Kuwaitization risks problems in health sector

As part of the week, the 10th World Future Energy Summit (WFES) opens tomorrow at the Abu Dhabi National Exhibition Centre. (Utilities-ME.com)
January 16th, 2017 - 02:00 GMT

The stage is set for Abu Dhabi Sustainability Week 2017

The figures for November 2016 showed the Omanization rate in private companies in Muscat stood at 8.6 percent.  (Oman Air)
January 16th, 2017 - 01:00 GMT

Omanization in private sector targeted in forthcoming labor law

Energy authorities are desperately cash-strapped, in part because of unpaid bills.  (AFP/Mohammed Abed)
January 16th, 2017 - 12:00 GMT

Qatar donates $12M in fuel for Gaza power plant

Traders and retailers are unable to compensate for the high taxes with purchasing power, as taxes increase and sales decrease, says a spokesman for the Garment Traders Association.  (Shutterstock)
January 16th, 2017 - 11:00 GMT

Jordan's garments industry stripped down due to purchasing paralysis

Prominent newspaper As-Safir closed its doors on Dec. 10 after 42 years of publication.  (File photo)
January 16th, 2017 - 10:00 GMT

Lebanon moves to rescue its flailing media industry

The annual report by Dubai's Land Department revealed that the sum of real estate investment transactions for the year exceeded $24.7B from 55,928 investors.  (Shutterstock)
January 16th, 2017 - 09:00 GMT

Egyptians, Jordanians rank as highest Dubai real estate investors outside GCC

The facilities sector is key to having three Saudi cities among the top 100 in the world, which is one of the aims of Vision 2030. (Shutterstock/Fedor Selivanov)
January 16th, 2017 - 08:02 GMT

Saudi's facilities management market is the largest in the Gulf

El-Garhy confirmed that the programme also includes lifting fuel subsidies entirely in a period of 3-5 years. (AFP/File)
January 16th, 2017 - 07:00 GMT

Egypt's IMF loan details revealed: Finance Minister

The resignations coincided with the introduction of new reforms by the ministry last year that tie public sector worker bonuses to a mandatory assessment and allow them to be fired.  (Twitter)
January 16th, 2017 - 06:18 GMT

Nearly 1500 Saudi government workers resigned in wake of labor reforms

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