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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 facility will also provide a unique prototyping lab with 3D printers, electronics and modern machinery for designers working with metals, wood, plastic and textiles. (Dubai Media Office)
November 28th, 2016 - 10:00 GMT

Dubai Design District to host in5 innovation incubator

Landscape of Coron, Busuanga island, Palawan province, Philippines (Shutterstock)
November 28th, 2016 - 09:00 GMT

Qatar's Al Nitaq eyes lease of private islands in the Philippines

Youth unemployment is predicted to increase from 33.5 percent last year to over 42 per cent in 2030, according to a new report by Bank of America Merrill Lynch. (File photo)
November 28th, 2016 - 08:00 GMT

Saudization proposal targets creation of one million jobs

CBD Now will allow customers to completely change the way they manage their finances using technology to serve all their banking needs. (File photo)
November 28th, 2016 - 07:08 GMT

CBD Now will be the UAE's first digital bank

Five consortiums have been shortlisted for the implementation and funding of the project. (File photo)
November 28th, 2016 - 06:00 GMT

Jordan: Stage one of Red-Dead project expected to start in 2018

As the government seeks to diversify its revenues away from hydrocarbon revenues, investment revenue is expected to play a major role in Qatar's economy. (File photo)
November 28th, 2016 - 05:37 GMT

'The worst is over for Qatar's trade balance': BMI Research

The deal deepens BP and Eni's partnership in Egypt, where they announced a significant gas discovery in the East Nile Delta in June. (File photo)
November 27th, 2016 - 12:30 GMT

BP buys stake in Eni's Zohr offshore gas field concession for $375M

GCC e-commerce retailer Souq.com, which launched White Friday in the UAE in 2014, offered 25,000 new deals this year. (Shutterstock)
November 27th, 2016 - 11:30 GMT

UAE e-commerce retailers and shoppers jump on the Black Friday bandwagon

The European Development Partners include the European Union (EU), KfW for German Development Cooperation, the European Investment Bank (EIB) and Agence Française de Développement (AFD).
November 27th, 2016 - 10:30 GMT

Egypt secures $296M EU funding for Gulf of Suez windfarm

 Amazon.com founder and CEO Jeff Bezos.  (AFP/File)
November 27th, 2016 - 09:29 GMT

Retail giant Amazon mulls acquisition of Souq.com

The public sector’s impact on competitiveness was one of these main causes for low productivity, the report said, urging measures to reform public service and ensure equal opportunity in appointments.  (File photo)
November 27th, 2016 - 08:46 GMT

Jordan's enormous public sector hinders competitiveness: ESC

Business leaders and investors said that one of the main duties of the new government is to pass the budget as soon as possible to send a positive signal to the market. (File photo)
November 27th, 2016 - 07:30 GMT

Lebanon: Government spending increases nearly ten percent

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