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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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Announced in April, the Vision 2030 strategy sets 9.5 GW as an ‘initial target’ to help build the renewables sector, noting that energy consumption will triple in the next 14 years. (Shutterstock)
December 19th, 2016 - 07:00 GMT

High demand for solar energy in Saudi is a landmark opportunity for investors: Report

Tabet explained that much of the real estate slump could also be attributed to risk-averse attitudes within the Lebanese diaspora community.  (File photo)
December 19th, 2016 - 06:00 GMT

Lebanon: Post-election, a subdued mood reigns at property festival

More than 90 per cent of APC's products are exported to more than 30 countries, spanning Africa, Asia, Europe, and the Middle East. (File photo)
December 19th, 2016 - 05:09 GMT

Jordan's Arab Potash Company signs export deal with China

Earlier this month, Careem announced an expansion strategy aimed at 15 cities across the Middle East. (File photo)
December 18th, 2016 - 12:19 GMT

Saudi Telecom approves purchase of stake in Uber-rival Careem

Car exports represent 4.8 percent of Turkey's total exports in 2014. (Borsatek)
December 18th, 2016 - 11:17 GMT

Turkey eyes $70B trade with Middle East in 2017

There is a fear that banks will play a limited role to financing the state’s general budget deficit through treasury bills and bonds which generates profits without any real effort or cost. (File photo)
December 18th, 2016 - 10:02 GMT

Egypt's banks adopt a wait-and-see strategy on investments

The facility will allow Saudi Aramco to leverage its unique position within the R&D ecosystem at KAUST to accelerate the implementation of the company’s Technology Strategy. (GradSchoolHub.om)
December 18th, 2016 - 09:00 GMT

Saudi Aramco breaks ground on state-of-the-art university research center

Moody’s report is part of a series of 2017 credit outlooks that provide insight into next year’s credit conditions across all sectors. (File photo)
December 18th, 2016 - 08:00 GMT

Negative outlook for MENA non-financial corporates in 2017: Moody's

As part of the agreement, BP will second up to 50 technical staff to Adco, bringing technology, expertise and experience to support the ongoing efficient operation and development of the assets. (File photo)
December 18th, 2016 - 07:00 GMT

BP strikes $2.2B oil concession deal with Abu Dhabi

Alibaba is now a known name worldwide and the platform provides international exposure to traders from across the world. (YouTube)
December 18th, 2016 - 06:00 GMT

Alibaba to focus on B2B support for MENA SMEs

Etihad will codeshare on Lufthansa’s long-haul, non-stop intercontinental services between Frankfurt and Rio de Janeiro, Brazil as well as Bogota, Colombia. (File photo)
December 18th, 2016 - 05:19 GMT

Etihad to begin codeshare with Lufthansa in January 2017

The United States retained its number one position with $622 billion in spending in 2016 and with Saudi Arabia's spend reaching $48.6 billion. (File photo)
December 15th, 2016 - 12:00 GMT

Saudi Arabia is the fifth largest defense spender globally: IHS Jane's

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