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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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Buses allegedly torched by disgruntled Binladin construction workers. (Telesurtv.net)
January 3rd, 2017 - 10:15 GMT

Saudi court hands down jail, flogging sentences to 49 rioting Binladin Group workers

Print media advertising is suffering the most, TV advertising is stagnating and digital advertising is increasing, but the net result is an overall 10 percent drop. (AFP/Karim Sahib)
January 3rd, 2017 - 09:00 GMT

MENA's advertising industry: $1B wiped off spending in 2016

Sajwani had previously indicated he was glad he stuck with the company’s partnership with Trump despite the businessman’s anti-Muslim comments during the presidential campaign. (Twitter)
January 3rd, 2017 - 08:00 GMT

Money talks: Dubai's Damac welcomes closer ties with Trump Organization

Companies in the construction and industrial sector that employ more than 500 workers won’t get work permits without the appointment of at least one Emirati occupational health and safety officer. (Shutterstock)
January 3rd, 2017 - 07:00 GMT

UAE: New Emiratization measures, monitoring come into effect

The stolen lamps date to 1911 (1328 Hegira), and are made of thick glass decorated with a Quranic verse from the Surah An-Nur written in Mameluke raised script. (Wikipedia)
January 3rd, 2017 - 06:00 GMT

Egypt's antiquities ministry demands security for historical artifacts after theft

Print media in Lebanon “has always been a mirror of the political divisions in the country and it has always supported itself financially from outside political sources, be it internal or external state funding.” (AFP/Joseph Eid)
January 3rd, 2017 - 05:15 GMT

The shutdown of Lebanon's Al Safir newspaper: A bellwether for Arab print media?

The destination will increase Dubai’s yacht capacity by 50 per cent from the current 3,000 berths and is particular designed to appeal to owners of large craft of up to 85 metres in length. (Twitter/Dubai Media Office)
January 2nd, 2017 - 01:00 GMT

UAE: Sheikh Maktoum unveils plans for Dubai Harbour megaproject

Investment Holding Group has been a strong presence in the Qatari construction sector for over 40 years. (File photo)
January 2nd, 2017 - 12:00 GMT

IHG becomes Qatar's first family business to list shares on QSE

A new advertising campaign will explain the system for using the fuel smartcards, as well as the places for getting them. (Shutterstock)
January 2nd, 2017 - 11:00 GMT

Egypt rolls out gasoline smartcard system

Saudi Arabia has been aggressively pushing to nationalise its workforce to counter growing unemployment rates. (File photo)
January 2nd, 2017 - 10:00 GMT

Saudi truck drivers demand nationalization of their jobs

If the metro project was found feasible, it will be implemented in parallel with the Bus Rapid Transit (BRT). (Shutterstock)
January 2nd, 2017 - 09:00 GMT

Jordan partners with China for feasibility study on underground transport

The main consequence of tighter liquidity can be seen in higher funding costs and lower loan growth. (File photo)
January 2nd, 2017 - 08:00 GMT

GCC banks' liquidity to improve in 2017, but pressures remain

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