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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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Earlier this month ratings agency Fitch set  Oman’s long term foreign and local currency issuer default rating to BBB with a stable outlook. (File photo)
January 11th, 2017 - 08:00 GMT

Oman rejects reports on 'secret' Gulf talks for multi-million dollar Central Bank deposit

Mecca's Chamber of Commerce estimates losses at SR60billion as a result of the curb on visitor numbers.  (Shutterstock/Nawawi Malezya)
January 11th, 2017 - 07:00 GMT

Mecca businesses cheer lifting of cut to limit Haj pilgrims

Lebanese President Michel Aoun's visit to Riyadh aims to restore ties. (Saudi Press Agency)
January 11th, 2017 - 06:00 GMT

Lebanon, Saudi to finalize agreement to prevent double taxation

The equation targeted by the plan is as follows: 44 per cent clean energy, 38 per cent gas, 12 per cent clean coal and 6 per cent nuclear. (Twitter)
January 11th, 2017 - 05:00 GMT

UAE's 2050 energy plan aims to save $191B, push clean energy

The design for the expansion of the airport has already been completed. (Shutterstock/EQ Roy)
January 10th, 2017 - 12:30 GMT

Qatar's international airport expansion will boost capacity to 65 million passengers

Attracting foreign oil companies to Lebanon depends on the market conditions. (Shutterstock)
January 10th, 2017 - 11:30 GMT

Lebanon's offshore oil and gas licensing: A cautious approach in an unstable market?

Officials are hoping to enhance tourism in the ‘city of roses’, which is known for its orchards, greenery and ruins. (Saudi Tourism)
January 10th, 2017 - 10:30 GMT

Saudi Arabia presses forward with plans to develop Taif into summer resort

The contract is Petrofac's eleventh in Oman, where they have been operational since 1988. (Petrofac Tunisia)
January 10th, 2017 - 09:30 GMT

Oman: Petrofac inks $600M gas contract in Salalah

Al Bawaba
January 10th, 2017 - 08:30 GMT

Thailand's Centara partners with Nakheel for $136M Deira Island waterpark resort

Dow's joint project with Aramco, the Sadara Chemical Company, is considered Dow’s biggest foreign investment in the Saudi chemical sector. (PoandPo.com)
January 10th, 2017 - 07:30 GMT

Dow Chemical to increase investment in Saudi Arabia

Lebanon’s economy and infrastructure have been heavily impacted by the Syrian conflict and the resulting surge of refugees. (AFP/Joseph Eid)
January 10th, 2017 - 06:47 GMT

Lebanon launches crackdown on foreign labor

Qatar's tourism plan is supported by $40-45 billion worth of sector investment.  (Shutterstock)
January 10th, 2017 - 05:52 GMT

Qatar aims to attract nine million visitors annually under 2030 tourism strategy

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