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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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HSBC Switzerland is at the center of an international, multi-billion-dollar scandal. (AFP/File)
July 24th, 2016 - 06:00 GMT

Swiss Leaks revisited: Strong Egyptian presence in banking scandal

Government services are moving online to better understand big data. (Shutterstock)
July 24th, 2016 - 05:00 GMT

Government services increasingly digitized in MENA to collect big data

Economic growth in the country had been subdued ever since oil prices fell from record highs two years ago. (File photo)
July 21st, 2016 - 12:00 GMT

Bahrain's full foreign ownership move to boost property market

Egypt's rail authority is facing significant losses. (Shutterstock)
July 21st, 2016 - 11:00 GMT

Egypt’s rail authority expects EGP 4.5 billion loss for 2016/17

While the value of the Turkish lira has dropped, banks remain stable. (AFP/File)
July 21st, 2016 - 09:00 GMT

Turkey takes steps to reassure international investors in wake of failed coup

Prime Minister Hani Mulki attends the signing of a deal between Jordan and the EU on simplifying the rules of origin. (Photo courtesy of EU mission)
July 21st, 2016 - 07:02 GMT

Jordan and EU approve 10 year trade deal

Lebanon's Shia movement Hezbollah acts as a parallel government in parts of the country, providing a range of social services. (AFP/Rouba El Husseini)
July 21st, 2016 - 06:13 GMT

Lebanon to ensure local banks comply with US anti-Hezbollah law

The Middle East, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 per cent this year and 3.3 per cent for 2017. (AFP/File)
July 21st, 2016 - 05:41 GMT

IMF predicts growth in Middle East but warns of Brexit impact on global economy

Built 146 years ago, the Suez Canal is one of the world's most heavily used shipping lanes. (AFP/File)
July 21st, 2016 - 04:00 GMT

Egypt’s Suez Canal Authority forecasts significant boost in revenue for fiscal year 2016/2017

Salalah Air has planned to ramp up its fleet size to 22 aircraft over the next five years. (File photo)
July 20th, 2016 - 12:00 GMT

Salalah Air: Oman's newest airline gets ready for takeoff

Big family conglomerates in Saudi Arabia are also under pressure from authorities to invest more in the economy now that oil prices are low. (File photo)
July 20th, 2016 - 11:00 GMT

OPINION: Saudi Binladin Group gets thrown another lifeline, but it's the end of an era

Barclays is divesting its Africa unit as part of a plan to simplify its structure and seek higher shareholder returns. (AFP/Carl Court)
July 20th, 2016 - 10:00 GMT

Emirates NBD, MENA banks eye Barclays Egypt sale

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