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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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Bank Asya is a participation bank allegedly affiliated with US based cleric Fetullah Gulen, whom Turkish authorities accuse of plotting the failed 16 July coup attempt. (AFP/Adem Altan)
July 19th, 2016 - 06:00 GMT

Turkish Islamic lender Bank Asya suspended

More than six years have passed since the ratification of the Offshore Petroleum Resources Law. (Shutterstock)
July 19th, 2016 - 05:00 GMT

Back to spats over Lebanon's oil and gas exploration

From a civil aviation perspective, drones are key to promoting the Dubai Smart Government Vision, and the DCAA are ensuring flight safety of Dubai's airspace. (Shutterstock)
July 18th, 2016 - 12:00 GMT

Dubai launches trading platform for drones

Qatar emerged as one of the prominent markets for passenger car aftermarket components among the GCC nations. (File photo)
July 18th, 2016 - 11:00 GMT

Qatar's growing demand for cars will fuel $195M spare parts market by 2021

APICORP Headquarters in Dammam, Saudi Arabia. (Trade Arabia)
July 18th, 2016 - 10:00 GMT

Apicorp, Al Bahari set up $1.5B oil investment fund

Pro-Erdogan supporters celebrate in Ankara on July 17, 2016 following the failed coup attempt. (AFP/Adem Altan)
July 18th, 2016 - 09:00 GMT

Devaluation, shaken investors, tourism slump: Will the Turkish economy follow Egypt's fate?

UAE property prices are considerably cheaper than in other leading cities in the world and have dropped significantly since mid-2014. (Shutterstock)
July 18th, 2016 - 08:00 GMT

Only 30 percent of UAE residents own homes, citing affordability concerns

RWE operates in concession areas at the Red Sea’s Gabal El-Zeit, Ras Gharib, Ras Badran in Abordes in South Sinai, and Desouk in Kafr El-Sheikh. (File photo)
July 18th, 2016 - 07:00 GMT

Egypt: $400M oil ministry debt behind unpaid salaries at Germany's RWE

Cost competitiveness has improved in recent decades, allowing nuclear technology to become a serious component of energy diversification strategies. (File photo)
July 18th, 2016 - 06:00 GMT

Fiscal constraints hamper nuclear energy projects in MENA: Apicorp

The emirate’s flagship urban project, Dubai South is conceptualised to manifest the themes of happiness as set out in the Dubai Plan 2021. (Trade Arabia)
July 18th, 2016 - 05:00 GMT

Dubai South dishes out $272M in Residential District contracts

Qatar Airways confirmed that its flights are operating as scheduled to both of Istanbul's airports. (File photo)
July 18th, 2016 - 04:00 GMT

Gulf airlines resume flights to Turkey following failed coup

A spokesman from the Greater Amman Municipality’s (GAM) traffic department claims the Uber app affects the flow of work for other means of transport. (File photo)
July 17th, 2016 - 12:00 GMT

Uber drivers in Jordan risk fines, seized vehicles

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