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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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Until now, Egypt has had no specific law on bankruptcy, meaning failed companies have had to go to court on a case-by-case basis. (Shutterstock/Orhan Cam)
January 5th, 2017 - 05:46 GMT

Egypt introduces bankruptcy law to jump-start economy

Twenty-five of those killed at the Reina nightclub on the shores of the Bosphorus were foreigners, according to the state-run Anadolu news agency. (AFP/Yasin Agkgul)
January 4th, 2017 - 01:00 GMT

Istanbul nightclub attack signals a devastating start for Middle East tourism

In April 2016, the Southern Municipal Council vetoed government moves to offer the beach to private developers due to fears it could restrict public access.  (Trade Arabia)
January 4th, 2017 - 12:00 GMT

Bahrain lawmakers fight to keep Al Jazair Beach from private developers

The governorate is working on its plans to provide housing units for beneficiaries including special needs, newlyweds and slum-dwellers. (File photo)
January 4th, 2017 - 11:00 GMT

Hope on the horizon for Cairo slum dwellers with 7,000 homes to be allocated

The Food Bank’s operations will begin in Dubai and will then expand to underdeveloped communities in the region and around the world.  (WAM)
January 4th, 2017 - 10:00 GMT

UAE's new Food Bank aims for zero food wastage and help for the needy

Among the grievances are claims that recent fare hikes are not enough to cover expensive living conditions and mounting costs in Amman.  (Amman al Youm)
January 4th, 2017 - 09:09 GMT

Jordan's taxi drivers keep the pressure on Uber and Careem

According to the National Iranian Oil Co., it's a "big step" in opening Iranian oil and natural gas fields up to Western investors. (AFP/Flle)
January 4th, 2017 - 08:00 GMT

Iran courts foreign oil and gas investors

Head of the Consumers Protection Agency said that the 4G service so far is in trial and accordingly companies cannot claim in their advertisements that they provide a better or higher quality service. (File photo)
January 4th, 2017 - 07:00 GMT

Egypt: Orange, Vodafone accused of misleading consumers over 4G ads

Sanctions included administrative closure, placement under financial and administrative supervision, warnings to remove the irregularities, or seizure. (Shutterstock)
January 4th, 2017 - 06:00 GMT

Egypt sanctions 47 international schools over law violations

The Palestinian Authority has faced crippling financial crises with regularity since its inception in 1994. (Maan News)
January 4th, 2017 - 05:20 GMT

Over 200 hospital workers strike in Hebron over $7M in unpaid salaries, debts

Al Bawaba
January 3rd, 2017 - 12:00 GMT

Egypt cuts arrears to foreign oil companies to $3.5B

Hotel rates in Oman are higher than many European countries. Muscat's Grand Hyatt.  (Shutterstock/EQRoy)
January 3rd, 2017 - 11:00 GMT

Book a bargain: Oman's luxury hotels slash rates up to 40 percent to boost occupancy

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