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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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The Labor Ministry had previously announced a steeper penalty for companies and institutions that fire Lebanese employees in favor of foreigners working under false titles. (Shutterstock)
December 4th, 2016 - 01:24 GMT

Lebanon sounds warning against unfair dismissals

Lionhorn boasts more than 20 years of experience as the Developmental Licensee (DL) for the nearly 100 McDonald's restaurants in the Western and Southern regions of Saudi Arabia. (Twitter)
December 4th, 2016 - 12:00 GMT

Saudi Arabia's Lionhorn acquires franchise rights to McDonald's Singapore, Malaysia

Copper cables have the capacity to provide users with a maximum internet speed of 8 megabytes per second, while fiber optics can provide households with an average of 100 megabytes per second.
December 4th, 2016 - 11:00 GMT

Lebanon: 85 percent of population will have fiber optic service by 2017

Eventually, up to 2 billion cubic metres of seawater will be transferred from the Red Sea to the Dead Sea annually under the Red-Dead project. (Shutterstock)
December 4th, 2016 - 10:00 GMT

Jordan raises $400M for first phase of Red-Dead project

The halal market includes not only food products and food services, but also pharmaceuticals, cosmetics, personal care products, and banking. (Shutterstock)
December 4th, 2016 - 08:00 GMT

International companies ramp up investment in halal food industry

The investment vehicle will be seeded with two of DP World’s Canadian container terminals, with CDPQ acquiring a 45 percent stake of the combined assets.
December 4th, 2016 - 07:00 GMT

DP World partners with Quebec's Caisse to create $3.7B investment platform

Tadawul’s previous sector classification had limitations as it was not based on global classification standards. (File photo)
December 4th, 2016 - 06:08 GMT

Saudi Tadawul to comply with Global Industry Classification Standard

In May, the General Authority for Petroleum announced an international tender for 11 oil and natural gas blocks in the western desert and Gulf of Suez. (File photo)
December 4th, 2016 - 06:00 GMT

Egypt receives bids worth $200M for oil and gas exploration

Impression of Mina Sultan Qaboos Waterfront Project. (OmanGBNews)
December 1st, 2016 - 02:01 GMT

Oman pushes through with waterfront development - with or without partners

Careem has experienced rapid growth since its lauch four years ago. (File photo)
December 1st, 2016 - 12:00 GMT

Careem eyes expansion in 15 MENA cities

The new group will seek to encourage self-regulation among advertisers, agencies and publishers. (Flickr/Elvert Barnes)
December 1st, 2016 - 11:00 GMT

Conscientious: Advertising Business Group to promote ethical advertising in MENA

Algerian Prime Minister Abdelmalek Sellal: Tunisian Assembly President Mohamed Ennaceur; the Emir of Qatar, Tamim bin Hamad al-Thani; Tunisian President Beji Caid Essebsi, French Prime Minister Manuel Valls and Tunisian Prime Minister Youssef Chahed at Tunisia 2020.  (AFP/Fethi Belaid)
December 1st, 2016 - 10:00 GMT

Tunisia 2020 investment conference: 145 mega projects on offer

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