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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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The payments were made at the company’s head office in Hamadaniyah district in east Jeddah. (File photo)
June 7th, 2016 - 04:34 GMT

About time: Binladin Group pays off more workers

Barclays currently has 56 large branches in Egypt and is considering opening small branches. (Transdoc)
June 6th, 2016 - 12:00 GMT

Barclays pushes through with Egypt expansion despite bank sale

Jordan has set ambitious targets for the development of domestic shale, renewable energy and nuclear power. (Shutterstock)
June 6th, 2016 - 10:00 GMT

Power play: Jordan revs up on renewables

The new comprehensive and amended act will contribute to combatting money laundering and terrorist financing in addressing legislative shortcomings,. (Shutterstock)
June 6th, 2016 - 09:00 GMT

Oman gets tough on terror funding and money laundering

London's financial district featuring the neo-futuristic skyscraper known affectionately as the Gherkin. (Shutterstock)
June 6th, 2016 - 08:00 GMT

Gulf investors delay property deal decisions over Brexit fears

The announcement coincides with the visit of Indian Prime Minister Nardendra Modi to Qatar this week. (Pixabay)
June 6th, 2016 - 06:00 GMT

Qatar’s Al Sawari Holding enters Indian hotel market with deal near Taj Mahal

According to Muscat Municipality, the Central Vegetable Market in Mawaleh has received over 28,000 tonnes of fruits and vegetables to meet the needs of domestic consumers during Ramadan. (Times of Oman/Jun Estrada)
June 6th, 2016 - 05:00 GMT

Oman's fruit and vegetable prices skyrocket for Ramadan

This is Sheikh Hasina’s first visit to Saudi Arabia since King Salman was crowned king and head of government. (SPA)
June 6th, 2016 - 04:16 GMT

Bangladesh to send 500,000 workers to Saudi over two years

Bankers estimate that the value of the acquisition of HSBC Lebanon will range between $90 million to $100 million. (Facebook)
June 5th, 2016 - 11:00 GMT

HSBC Lebanon acquisition delayed by staff negotiations

Mums@Work is a venture that has spotted a gap in the UAE market for short term employment opportunities for women returning to work or accompanying expat spouses. (File photo)
June 5th, 2016 - 10:00 GMT

UAE employers eye part-timers in squeezed economy

Qatar Airways have always denied the allegations against them as have Emirates and Etihad Airways, the Gulf’s two other carriers the US airlines want blocked. (File photo)
June 5th, 2016 - 09:00 GMT

Qatar Airways pushes through with US expansion despite ongoing row

The French economist's bestseller 'Capital in the Twenty First Century' was awarded the Financial Times and Mckinsey’s 2014 Business Book of the Year Award. (EcoPolitica.org)
June 5th, 2016 - 08:00 GMT

Lack of transparency about income and wealth in MENA allows for bad policies: PIketty

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