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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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Virtual reality travel has already been popularised by Marriott International with its Travel Brilliantly campaign, which focused heavily on promoting destinations first. (Shutterstock)
January 2nd, 2017 - 07:02 GMT

Tech trends that will shape Mideast travel and tourism in 2017

2016 has witnessed the lowest traded price of Oman oil, where the price dropped to less than $24 in January.  (Shutterstock)
January 2nd, 2017 - 06:01 GMT

Oman's 2017 budget tackles cheap oil with austerity measures, privatization

Hotels are hoping that President Michel Aoun will visit Gulf countries very soon to encourage them to lift the travel ban they imposed on Lebanon earlier this year. (AFP/Anwar Amro)
January 1st, 2017 - 07:19 GMT

Beirut rings in the New Year with jump in hotel bookings

The Authority has teamed up with US-based theme park operator Six Flags, who plans to open at least three parks in the kingdom.  (Six Flags)
December 29th, 2016 - 12:30 GMT

Fun times ahead: Saudi Arabia's General Entertainment Authority board appointed

Egypt aspires to increase its oil and gas production to meet the growing domestic demand for energy. (File photo)
December 29th, 2016 - 11:30 GMT

New Egyptian oil and gas agreements worth $220M

The defendant also said that most of the workers at the site had no knowledge of the manual book explaining the operation methods. (AFP/File)
December 29th, 2016 - 10:30 GMT

Collapsed Mecca crane was operating without license: Defendant


The total length of the main causeway is 36 km of which 27 km is a marine bridge structure. (DesignMENA.com)
December 29th, 2016 - 09:30 GMT

Kuwait's Jaber causeway on track for November 2018 opening

Between 2012-2015 more than 28,600 old fuel-run cars were scrapped and exchanged for hybrid vehicles. (Shutterstock)
December 29th, 2016 - 07:39 GMT

Jordan extends deadline for used cars-hybrid swap to end 2017

A number of Egyptian investors took out a full-page newspaper advertisement calling on President Sisi to take "emergency measures" to save Egyptian companies. (File photo)
December 29th, 2016 - 07:30 GMT

Staving off bankruptcy: Egypt's central bank approves forex debt arrangement for local companies

OPEC and non-OPEC members agreed to meet Jan. 13 to review compliance with recent agreements to start cutting production next week. (File photo)
December 29th, 2016 - 06:30 GMT

As oil production cut compliance date nears, Iraqi statement edges crude prices higher

Russia is among the emirate's top 20 source markets. (Shutterstock/Ardiwebs)
December 29th, 2016 - 05:48 GMT

Dubai tourism: The Russians are back thanks to rebounding rouble

The UAE education ministry has launched a campaign for retired teachers to possibly return to the profession. (UAEinteract.com)
December 28th, 2016 - 01:00 GMT

UAE's acute teacher shortage remains a pressing concern

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