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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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Lebanon’s Cabinet has finally approved two crucial gas and oil exploration decrees, putting an end to the long-delayed matter in the Cabinet’s first meeting since winning a confidence vote.  (Shutterstock)
January 9th, 2017 - 01:00 GMT

Lebanon: Investment in infrastructure, education needed to develop oil sector

The key drivers to bond issuances in the GCC during 2016, which more than doubled to $66.5 billion, were primarily the sovereign bond issuances by Saudi Arabia, UAE and Qatar. (Shutterstock)
January 9th, 2017 - 12:00 GMT

Diving deeper: Gulf debt issuance to surge in 2017

Al Bawaba
January 9th, 2017 - 11:00 GMT

Jordan: Trade volume under Agadir agreement has decreased since 2011

Iran is now pumping 3.7 million barrels of crude oil per day and seeks to regain its market share of pre-sanctions levels of 4 million barrels per day. (File photo)
January 9th, 2017 - 10:00 GMT

Iran reaps rewards following OPEC production cut

Al Bawaba
January 9th, 2017 - 09:00 GMT

Abu Dhabi to host inaugural Atlantic Council Global Energy Forum

Investments will be made in Agility’s warehousing, freight, transport and specialty logistics solutions in Bahrain. (Pinterest)
January 9th, 2017 - 08:00 GMT

Bahrain: Agility to spend $10M on logistics hub expansion

Estimates suggest expats make up 70 per cent of Kuwait’s 4.4 million population. (Global Construction Review)
January 9th, 2017 - 07:00 GMT

Kuwait lawmakers call for deportation of one million expats over next decade

Saudi Arabia has already started construction for 35,770 rooms in 81 hotels, with 24,133 rooms being constructed in Mecca alone. (Pixabay)
January 9th, 2017 - 06:00 GMT

Saudi aims to boost religious tourism by 30 percent over next three years

Presently, an average of 700 to 1000 megawatts of electricity are being exported to Iraq. (Pixabay)
January 9th, 2017 - 05:00 GMT

Iran to extend sale of electricity to Iraq

Latest government statistics also reveal that the number of skilled expatriate workers coming to Oman is going down. (File photo)
January 8th, 2017 - 12:00 GMT

Oman's expat exodus: Trend for departures continues as economy slowdown bites

On Nov. 3, the central bank floated the pound without covering the import backlog, leaving businesses millions of pounds in debt.  (File photo)
January 8th, 2017 - 11:00 GMT

Egypt's currency devaluation leaves importers on the brink of bankruptcy

The shipping route between Iran's Shahid Rajaee and the Omani port of Sohar was made operational on 4 February 2016. (MaritimeDirectory.com)
January 8th, 2017 - 10:00 GMT

Direct shipping line expected to boost Iran's exports to Oman to $600M

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