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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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Refugees make up approximately one third of Jordan's total population. (File photo)
May 15th, 2016 - 09:30 GMT

EBRD extends 'exceptional' grant to Jordan for refugee support

The deficit in the balance of payments, and which reached $664 million in the first three months of 2016, constitutes a challenge facing monetary stability in Lebanon. (World Finance)
May 15th, 2016 - 08:12 GMT

Lebanon's Central Bank to launch more economic initiatives

A slowdown in activity will give organisations the opportunity to prioritise projects and address internal issues,  according to PwC MidEast's capital projects services leader. (AFP/File)
May 15th, 2016 - 07:48 GMT

'Lower for longer' oil prices prompt rise in MidEast employment disputes: PwC


The project is already more than half-completed, with the first turbine monopile installed in early April, and construction of the wind farm’s 1,000-tonne offshore substation underway. (Shutterstock)
May 15th, 2016 - 06:00 GMT

Abu Dhabi's Masdar secures $1.84B for UK wind farm project

According to a leaked document, coliform bacteria was found in samples of Nestle Pure Life and Baraka Water bottled water. (Nestle Pure Life)
May 15th, 2016 - 05:31 GMT

Egypt launches investigation into contaminated bottled water

According to Moody's, combination of lower growth, higher debt levels and smaller domestic and external buffers leave Saudi Arabia less well positioned to weather future shocks. (AFP/File)
May 15th, 2016 - 04:21 GMT

Saudi Arabia, Oman, Bahrain suffer second ratings downgrade: Moody's

Dubai beat Yekaterinburg, Russia; Izmir, Turkey; and São Paulo, Brazil in a bid to host the 2020 world's fair.  (Twitter)
May 12th, 2016 - 11:34 GMT

Dubai Expo 2020's masterplan revealed

There has been a 43 per cent drop in the price of oil and gas sold by the company since last year.  (Taqa)
May 12th, 2016 - 10:00 GMT

Abu Dhabi National Energy Company posts $165M loss

New exploration activity, boosted by the Zohr field, yielded 1.4 billion barrels of oil equivalent in what the company described as fresh resources. (File photo)
May 12th, 2016 - 07:00 GMT

Eni yields record production from Egypt's Zohr field

The airport is expanding capacity by 10 million passengers a year to 14 million by 2020 at cost of $1.1 billion.  (File photo)
May 12th, 2016 - 06:00 GMT

Will Bahrain Airport's niche market strategy pay off?

The size of Islamic finance assets in Turkey has reached 120 billion Turkish liras ($40 billion). (Shutterstock)
May 12th, 2016 - 05:00 GMT

Turkey partners with Islamic Development Bank to host 'Islamic megabank'

The new city  is set to house 25,000 residential units. (Shutterstock)
May 11th, 2016 - 02:00 GMT

Kuwait signs $4B deal with South Korea to build new smart city

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