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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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New taxes will be added to the existing ones, which are 100 percent on tobacco and alcohol, and that the total taxation on such products will become 200 per cent. (Pixabay)
January 8th, 2017 - 09:00 GMT

Price hike alert: GCC gears up for higher taxes on tobacco, soft drinks, luxury cars

The region's smart cities initiatives present an opportunity to grow cyber security expertise in areas where it doesn't exist elsewhere. (Shutterstock)
January 8th, 2017 - 08:00 GMT

GCC's smart cities present opportunities to grow local cyber security talent

Celebrity Constellation, MSC Fantasia and Aida Cruises and nine regional rotational callers are confirmed so far for Abu Dhabi's cruise season. (Presseportal)
January 8th, 2017 - 07:00 GMT

Smooth sailing: Abu Dhabi cruise sector marks record growth

In December, Russian President Vladimir Putin told Egyptian President Abdel-Fattah El-Sisi that Russian flights between Moscow and Cairo would resume 'soon'. (AFP/File)
January 8th, 2017 - 06:00 GMT

Russian delegation brings fresh hopes for resumption of flights between Moscow and Cairo

As falling oil revenues put pressure on budgets, the Chinese suppliers’ established reputation for value, combined with their increasing reputation for quality and innovation, make them highly competitive. (Shutterstock)
January 8th, 2017 - 05:25 GMT

China eyes MENA's lucrative solar panel market

The 13th edition of the UNWTO Awards on Innovation and Excellence in Tourism will commend some of the best examples of sustainable tourism around the world. (Shutterstock)
January 5th, 2017 - 12:00 GMT

UNWTO puts Middle East tourism in the spotlight in Spain

Under the timeline announced in March last year, shops owners were given just three months to make sure 50 percent of their staff were Saudi, and 100 percent by September.  (Shutterstock)
January 5th, 2017 - 11:00 GMT

Saudization of mobile sector: Who's to blame for the shortcomings in implementation?

Fitch said that the government is planning to meet two-thirds of its financing need through external debt issuance, and the remainder through reserve draw-downs. (File photo)
January 5th, 2017 - 10:00 GMT

Oman: Fitch forecasts growth as it maintains 'stable' outlook rating

The regulations specify four licence categories under which entities can provide digital payments services: retail, micropayment, government and non-issuing. (Shutterstock)
January 5th, 2017 - 09:00 GMT

UAE issues regulations on online payments

A total of 655,675 Syrians are registered as refugees with the UNHCR in Jordan, but officials estimate that the number of Syrians living in Jordan is over 1.3 million. (AFP/Khalil Mazraawi)
January 5th, 2017 - 08:00 GMT

Syrian refugees in Jordan: Child marriage, trauma, poverty hampering educational progress

Seismic studies have indicated that Lebanon may possess trillions of cubic feet of oil and natural gas in its waters, a discovery that could boost international confidence in Lebanon’s economic future. (Shutterstock)
January 5th, 2017 - 07:05 GMT

Lebanon passes long-awaited decrees on oil and gas exploration

Earlier selloff came as traders grew anxious about whether OPEC members and other oil producers would scale back output as part of a deal agreed in late 2016. (Shutterstock)
January 5th, 2017 - 06:15 GMT

Oil edges higher as Kuwait confirms commitment to cutting output

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