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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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In addition to arm sales to the UAE, the US has separately approved the sale of 246 missiles and other equipment to Japan worth $821 million.  (AFP/File)
July 20th, 2016 - 09:00 GMT

US approves $785M sale of bombs to UAE for fight against Daesh

Online courses have a big impact on businesses because they are so much cheaper. (Shutterstock)
July 20th, 2016 - 08:30 GMT

Demand for online professional training courses in MENA outstrips supply: GulfTalent

The smart city will be completely sustainable and provide about 200 megawatts of electricity using photovoltaic roofs on homes and other premises.  (Photo courtesy of Gulf Business)
July 20th, 2016 - 07:30 GMT

Petal power: Dubai to build eco-friendly Desert Rose City

The B/Attitude Spa in Dubai. (Buddha Bar)
July 20th, 2016 - 06:30 GMT

UAE leads MENA's $3B spa market growth

The Central Bank of Jordan said that banks can invest up to 10 percent of their capital. (File photo)
July 20th, 2016 - 05:30 GMT

Jordan's banks buy into national investment fund


The project is divided into several phases and Empower will produce 30,000 RT by the fourth quarter of this year. (Nooz.com)
July 20th, 2016 - 04:44 GMT

Just chill: Nakheel awards $490M contract to Empower for Dubai cooling plants

Egypt’s President Abdel-Fattah El-Sisi, far left, with African heads of state at the AU summit in Kigali, Rwanda. (AFP/Cyril Ndegeya)
July 19th, 2016 - 12:00 GMT

Nile dam talks advance at African Union Summit, but not as quickly as construction

The group has been beset by financial and legal difficulties due to the crane accident, government cuts and a fall in oil prices. (File photo)
July 19th, 2016 - 11:00 GMT

Binladin Group requests extension on $217.8M loan repayment

Iran has courted potential European and Asian trading partners as sanctions pressures ease. (File photo)
July 19th, 2016 - 10:00 GMT

Despite business hurdles, Iran lines up potential oil and gas players

Egypt's attempts to revive the tourism sector were dealt another blow in May when the Airbus A320 crashed into the Mediterranean, killing all 66 people on board. (File photo)
July 19th, 2016 - 09:00 GMT

Egypt airport security: British delegation returns for inspections

The joint fleet would also include six Ultra Large Container Vessels.  (UASC.net)
July 19th, 2016 - 08:00 GMT

Hapag-Lloyd, United Arab Shipping Company merger creates world's fifth-largest container firm

Ras Laffan Industrial City, located 80 km north of Doha is Qatar's main site for production of liquefied natural gas and gas-to-liquid.  (IMGwide.com)
July 19th, 2016 - 07:00 GMT

Qatar awards gas engineering consultancy to Canada's SNC-Lavalin

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