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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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In October, President Recep Tayyip Erdogan drove the first car through the tunnel. (Anadolu Agency)
December 20th, 2016 - 11:00 GMT

Istanbul's $1.3B Eurasia Tunnel set to open to the public

The new VIP terminal features a luxury shopping area and includes areas for taking naps, playing pool, and dining. (Virendra Saklani/Gulf News)
December 20th, 2016 - 10:00 GMT

Dubai's Maktoum International Airport inaugurates the world's largest VIP terminal

The AfDB loan is intended to support government programmes that aim to achieve social and economic development by creating new jobs and improving the business environment. (File photo)
December 20th, 2016 - 09:00 GMT

Egypt receives second tranche of $500M from AfDB

Russian oil company Lukoil started production from the West Qurna-2 oil field, located in southern Iraq, in early 2015.  (Baghdad2)
December 20th, 2016 - 08:00 GMT

Russia's Lukoil: No directive to curb Iraq oil production received

The “Housing and Car Grants” program is one of the foundation’s long term initiatives, targeting Saudi citizens that are not eligible to apply for grants from the Ministry of Housing and Infrastructure. (Alwaleed Philanthropies)
December 20th, 2016 - 07:00 GMT

Saudi Prince Al Waleed grants free housing, cars to 2,600 citizens

Apple will become the largest office tenant when it moves 1,400 staff to a six-floor office space in the old central boiler house of Battersea Power Station. (Battersea Power Station)
December 20th, 2016 - 06:05 GMT

Beyond London's golden postcodes: Arab investors eye Battersea Power Station properties

Even at full capacity, Egyptian and Israeli electricity grids, together with Gaza's sole power plant, fail to cover the Gaza Strip’s energy needs and only provide energy to Gaza’s inhabitants for eight hours each day. (Shutterstock)
December 20th, 2016 - 05:27 GMT

Gaza's power company accuses Israel of delaying electricity line repairs

In June 2016, Etihad announced a freeze on recruitment of 'non-essential' staff. (File photo)
December 19th, 2016 - 12:30 GMT

Etihad Airways confirms layoffs to cut costs

Even as even most developments in Dubai were once targeted at the wealthy investor and marketed as luxury properties, there has been a marked shift towards more affordable projects. (Shutterstock)
December 19th, 2016 - 11:39 GMT

Will 2017 be the year of affordable housing in Dubai?

The agreement with Airbus will not be worth more than 10 billion dollars since the A380s have been dropped from the contract. (Wikimedia Commons)
December 19th, 2016 - 10:00 GMT

Iran Air finalizes purchase of 100 Airbus planes

Oman’s first commercial renewable power project is already in operation in Al Mazyunah in Dhofar region. (Shutterstock)
December 19th, 2016 - 09:00 GMT

Oman's diversification program sets ten percent renewable energy target

Open skies agreements between the GCC and EU were thrown into question following the UK's Brexit vote. (Shutterstock)
December 19th, 2016 - 08:00 GMT

UAE, Sweden sign open skies agreement

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