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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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On individual criteria, Jordan stayed in 3rd place for size of government, rising from 8th to 7th for legal structure and property rights, and ranking 2nd in terms of access to sound money.  (Shutterstock)
January 16th, 2017 - 05:51 GMT

UAE, Jordan top of list for economic freedom in Arab world

The ministry invited the private sector to announce their willingness to invest in solar power plants for every municipality. (Shutterstock)
January 15th, 2017 - 12:00 GMT

Lebanon aims for 12 percent renewable energy by 2020

Abu Dhabi's Reem Mall will cost one billion dollars, making it the most expensive mall in Abu Dhabi’s history.   (Readme.ae)
January 15th, 2017 - 11:00 GMT

More malls: Over $4B in UAE retail projects will be awarded in 2017

The deal brings well-known titles such as the series How I Met Your Mother, American Horror Story, The Americans, The Strain, Sons of Anarchy, 24 and Homeland to Starz viewers.  (Starz)
January 15th, 2017 - 10:00 GMT

Starz Play inks deal with 20th Century Fox Television

Parental neglect and not taking enough precautions to safeguard their children are among the main reasons for children falling from high-rises, according to a recent study by Dubai Police. (Shutterstock)
January 15th, 2017 - 09:00 GMT

UAE: Rise of child deaths from balcony falls highlights building safety, parental neglect laws

Tourist visits for the purpose of attending exhibitions and conferences represents more than 15% of total tourism in the kingdom. (TheBestHotels.org)
January 15th, 2017 - 08:00 GMT

Saudi Arabia's MICE sector up 12 percent since 2015

A technical delegation from the IMF will be visiting Cairo this week in order to keep an eye on the implementation of the economic reform programme. (AFP/Saul Loeb)
January 15th, 2017 - 07:00 GMT

Details of $12B IMF loan to Egypt to be published this week

Minister of Tourism and Antiquities Lina Annab said the ministry will install security cameras, lights and guiding signs at various tourist attractions to serve visitors. (Shutterstock)
January 15th, 2017 - 06:13 GMT

Jordan's Karak defies terror with plans for tourism projects

The female workers under seven permitted categories are housekeepers, drivers, caregivers, gardeners, babysitters, cooks, and security guards.  (File photo)
January 15th, 2017 - 05:17 GMT

Indonesian maids return to UAE via outsourced recruitment model

Visitors with a tour guide at the Temple of Philae near Aswan. (Shutterstock/ChameleonsEye)
January 12th, 2017 - 01:00 GMT

Egyptian Travel Agents Association settles $4.75M in members' debts to foreign companies

The flynas order from Airbus is for up to 100 A320neos, including purchasing options, according to Reuters.   (flynas)
January 12th, 2017 - 12:30 GMT

Saudi's budget airline flynas finalizes $8.6B Airbus order

The World Bank estimates global growth will pick up to 2.9 per cent next year, also down 0.1 per cent from its June call. (AFP/File)
January 12th, 2017 - 12:00 GMT

GCC's economic recovery will be slightly slower than expected: World Bank

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