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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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Coca Cola's social responsibility program looks to help develop 60 more villages before 2020. (Coca Cola)
July 5th, 2016 - 10:00 GMT

Coca Cola plans $500M investment in Egypt market

The transfer of funds to Gaza banks will be carried out with Israel's security considerations in mind, according to the agreement.  (AFP/Mohamed Abed)
July 5th, 2016 - 09:00 GMT

Israel to allow Gaza banks to receive transfers via Turkey

Contraction in the nominal GDP in Oman in 2015 was mainly due to the sharp fall in crude oil prices in the global markets and fiscal policies pursued by the government. (Times of Oman)
July 5th, 2016 - 08:00 GMT

Oman: Low oil prices end five years of economic growth

Analysts at Morgan Stanley said there were also signs prices could fall again soon, pointing at stalling gasoline demand and more oil from Canada and Nigeria after production problems. (AFP/Mohammed Al Shaikh)
July 5th, 2016 - 07:00 GMT

Saudi oil minister optimistic market is 'heading towards balance'

The May 2017 forum will be the ninth hosted by Jordan since the first conference in 2003. (AFP/File)
July 5th, 2016 - 06:00 GMT

Jordan to host MENA's World Economic Forum in 2017

Chototel will harness construction technology called light gauge steel framing, which minimises its carbon footprint by using a method that eliminates the use of bricks and wood as raw materials. (Twitter)
July 5th, 2016 - 05:11 GMT

Super-economy hotel will offer $2 a night rooms in UAE

EgyptAir revealed they would incur a $2 million loss in case the daylight saving time was cancelled. (Shutterstock)
July 5th, 2016 - 04:50 GMT

Egypt to scrap daylight savings time from July 7

CBS Reality and Jim Jam will also join beIN from August 1. (beIN Media Group)
July 4th, 2016 - 12:48 GMT

BeIN to launch 12 new channels, targets up to 80 channels by end-2016

Bahrain and Oman have been exceptions in the GCC as more active issuers of sukuk and conventional bonds. (Shutterstock)
July 4th, 2016 - 11:31 GMT

GCC sukuk issuance likely to remain muted in 2016: S&P

Saudi Arabia is strongly pushing to deal with the high unemployment rate among citizens. (File photo)
July 4th, 2016 - 10:00 GMT

Saudization: Foreign firms must employ Saudis in leadership positions

Retailer Rami Levy, who has sold milk cheaper than water and a kilo of chicken for 10 cents, was confident prices in his mall would be lower than those in Ramallah. (Olive Oil Times)
July 4th, 2016 - 09:00 GMT

First Israeli-Palestinian mall faces boycott

Egypt has suffered from a shortage of dollars in the banking system to pay for crucial imports since a 2011 uprising drove away tourists and foreign investors, crucial sources of hard currency. (Shutterstock/Ververidis Vasilis)
July 4th, 2016 - 08:00 GMT

Egypt's Central Bank claims no change to debit card use abroad

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