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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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Budget airlines are playing an important role in strengthening the traffic in MENA. (File photo)
December 6th, 2016 - 08:00 GMT

Arab Aviation Summit: Combined regional fleet expected to double in next 25 years

The ongoing downtrend evident in Emirates NBD’s survey highlights that there will be no quick fixes to Egypt’s economic difficulties, even following the EGP devaluation earlier in the month. (Shutterstock)
December 6th, 2016 - 07:00 GMT

Egypt's non-oil activity sees fourth month of slowdown

The Kurdish Ministry of Natural Resources said its oil- and gas-dependent economy was a vital contributor to the funds necessary to support the fight against the Islamic State. (File photo)
December 6th, 2016 - 06:00 GMT

Kurdish oil reps court opportunities in London

The planned transaction includes an agreement for Etihad to acquire the 49.8 per cent share indirectly held by airberlin in its subsidiary airline NIKI Luftfahrt. (File photo)
December 6th, 2016 - 05:20 GMT

Etihad and Germany's TUI in joint venture to form new European airline group

Naguib Sawiris is the eldest son of Onsi Sawiris and brother of Samih and Nassef. (Twitter)
December 5th, 2016 - 01:00 GMT

Egyptian Billionaire Naguib Sawiris resigns as CEO of Orascom

Any production increase from Libya and Nigeria will naturally dilute the impact of the agreed production cuts. (Shutterstock)
December 5th, 2016 - 12:00 GMT

OPEC's poor history of compliance will make production cut deal a challenge

Iran has in recent years made great achievements in the field of production of different drugs and medical equipment. (Shutterstock)
December 5th, 2016 - 11:00 GMT

Iran eyes export opportunities in MENA's pharmaceuticals market

Reto Gregori, Deputy Editor-in-Chief, Bloomberg, who will open the Summit Wednesday morning.  (Machas)
December 5th, 2016 - 10:00 GMT

Financial leaders convene at Bloomberg Markets Most Influential Summit in Abu Dhabi

Rouhani emphasized that the prospects will be specifically positive in light of the country’s recent “victory” in OPEC to move ahead with its crude oil production and export plans with no limitations.  (File photo)
December 5th, 2016 - 09:00 GMT

Iran budgets on oil at $50 in 2017

Residents criticised the company’s “vague” plans to rehabilitate the site, which they said “disregard the responsibility towards the people of Fuheis over the past 65 years”. (File photo)
December 5th, 2016 - 08:00 GMT

Jordan: Residents unconvinced by plans for Lafarge's eco-friendly urban development

SAMA is considered Saudi Arabia’s most professional authority of organization in the Kingdom’s banking sector. (File photo)
December 5th, 2016 - 06:11 GMT

Saudi Arabian Monetary Agency denies data breach

Imported goods from parties that have free trade agreements with Egypt such as the EU, the COMESA African grouping, the Arab region and Turkey would not by affected by the new decision.
December 5th, 2016 - 06:04 GMT

Egypt defends luxury import tax hike to support local industries

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