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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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Al Bawaba
May 18th, 2016 - 10:00 GMT

US Treasury reveals $116.8B of Saudi holdings

The bank will offer financial, investment and advisory services to the Palestinian diaspora living in the Gulf region and beyond. (Bank of Palestine)
May 18th, 2016 - 09:04 GMT

Bank of Palestine makes its first foray into international operations in Dubai

Emirates employed 4100 pilots as of November and will need to hire as many as 500 new pilots this fiscal year. (File photo)
May 18th, 2016 - 08:15 GMT

Get on board: Emirates Group to hire 10,000 this year

The technical delegation also reviewed the progress of the Amman development corridor project that cost Dh319 million and is set for completion in 2016. (File photo)
May 18th, 2016 - 08:04 GMT

Abu Dhabi-funded projects in Jordan near completion

The bill must now be passed by the House of Representatives before it heads to President Barack Obama's desk.  (Pixabay)
May 18th, 2016 - 05:35 GMT

US Senate passes 9/11 bill to allow victims' families to sue Saudi government

In cooperation with Russia’s Rosatom, Jordan's first reactor is slated to be ready by 2023 and the second by 2025. (Shutterstock)
May 17th, 2016 - 11:53 GMT

Nearly half of Jordan's electricity from nuclear power by 2025: PM

The rise of free internet-based calling apps and messaging such as Viber and Whatsapp has cut into Gulf telecom operators' profits. (Vodafone)
May 17th, 2016 - 11:33 GMT

Vodafone Qatar to cut staff by ten percent, chairman quits

In December, the Health Ministry's tally showed 189 drugs were in short supply but had available substitutes and a further 43 drugs were in short supply with no substitute. (Shutterstock)
May 17th, 2016 - 10:47 GMT

Egypt raises cheap drug prices by 20 per cent to stem shortages

One of the biggest obstacles to feminising the private and public sectors is providing a suitable work environment. (Shutterstock)
May 17th, 2016 - 10:19 GMT

Saudi Labor Ministry scheme to create 50,000 outsourced jobs for women

A $300,000 investment gets you permanent residency after two months and then a Cypriot passport after three and a half years.  (Twitter)
May 17th, 2016 - 10:04 GMT

Wealthy Lebanese invest their way to citizenship

With more stores open and demand weak, average sales per outlet are lower than in 2009. (File photo)
May 17th, 2016 - 09:48 GMT

Luxury retailers face more competition, less demand in the UAE

The new changes represent the biggest overhaul of the sovereign wealth fund since 2014. (File photo)
May 17th, 2016 - 09:26 GMT

Qatar’s sovereign wealth fund restructures, creates $100B unit

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