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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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Gulf carriers Emirates, Etihad, and Qatar Airways have denied claims by US carriers that they were unfairly subsidized. (File photo)
July 27th, 2016 - 10:00 GMT

Open skies row over competition between US, Gulf airlines to see further discussion

Dubai's shipping cargo has declined for third consecutive quater. (File photo)
July 27th, 2016 - 09:00 GMT

Dubai’s shipping volumes continue to fall

The letter between Jordan and the IMF paves the way for the $700 million Extended Fund programme. (File photo)
July 27th, 2016 - 07:00 GMT

Jordan signs $700m deal with IMF

Dubai, UAE. (File photo)
July 27th, 2016 - 06:30 GMT

Economic diversification will keep UAE afloat as oil prices plummet

Middle East hotels saw mixed performances over the late spring and early summer. (File photo)
July 27th, 2016 - 06:00 GMT

Hotel occupancy rates see decline over summer

Ski Dubai, visible from the new Aspen Chalets. (AFP/File)
July 27th, 2016 - 05:00 GMT

Winter wonderland: Dubai debuts Aspen Chalets with view of Ski Dubai

As inflation rises, the value of Egyptian currency decreases. (Shutterstock)
July 27th, 2016 - 04:00 GMT

Egyptian economic experts predict inflation rate will continue to climb

A Palestinian boy sits amidst used clothes and items at the weekly flea market in the Nusseirat Refugee Camp, central Gaza Strip, on February 29. (AFP/File)
July 26th, 2016 - 11:00 GMT

World Bank: Private sector could be a key driver for growth in MENA

Egypt, which has been facing foreign currency shortages, devalued the pound to 8.78 in March then hiked key rates by 150 basis points just days later to control inflation. (File photo)
July 26th, 2016 - 10:00 GMT

Egypt’s Central Bank expected to maintain rate at monetary policy meeting

The Solar Impulse 2 touched down in Abu Dhabi Tuesday morning, completing the first round-the-world trip of a zero-fuel plane. (Wikimedia Commons)
July 26th, 2016 - 09:00 GMT

Solar plane completes historic round-the-world journey in Abu Dhabi

BDS protesters in Italy. (AFP/Vincenzo Pinto)
July 26th, 2016 - 08:00 GMT

Netanyahu declares global BDS movement ‘defeated’

The sponsor has not extended the Iqamas (residence permits) of many of these workers. (Saudi Gazette)
July 26th, 2016 - 07:00 GMT

Foreign workers file complaint after not being paid for over a year in western Saudi

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