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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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Daily protests over unpaid salaries culminated in seven company buses torched by angry workers on Saturday. (AFP/Mahmoud Mahmoud)
May 3rd, 2016 - 10:00 GMT

As layoffs reach 77,000, Binladin Group tells workers: 'resign or wait' for overdue salaries

Oman's strategy hinges on Oman’s potential as a destination for ‘adventure tourism’ because of its nature, mountains and unspoilt beauty. (Wikipedia)
May 3rd, 2016 - 09:00 GMT

Oman looks to private sector for $28B funding of new tourism strategy

Th QNB hackers reportedly had access to the bank’s data systems for 200 days. (File photo)
May 3rd, 2016 - 07:59 GMT

QNB hackers threaten data dump from second large bank

Saudi's King Fahd Causeway is a series of bridges and causeways connecting Saudi Arabia and Bahrain. (Wikipedia)
May 3rd, 2016 - 07:00 GMT

Call for more causeways: Proposals to build more links from Saudi to Bahrain and Qatar

Binladin Group spokesmen have confirmed that some staff have been let go, but gave no numbers. (AFP/File)
May 3rd, 2016 - 06:00 GMT

Saudi's Binladin Group 'lost billions' following Mecca crane collapse

Majid Al Futtaim’s investments are anticipated to create more than 42,000 direct and indirect job opportunities in the Sultanate in the next five years.  (Ventures on Site)
May 3rd, 2016 - 05:00 GMT

Majid Al Futtaim to increase Oman investment to $1.83B by 2020

This is the developer's first property venture in Egypt which involves a total investment of Dh20 billion.  (Capital Group Properties)
May 2nd, 2016 - 12:00 GMT

Abu Dhabi's Capital Group Properties to build 30,000 homes in Cairo

Al Bawaba
May 2nd, 2016 - 11:00 GMT

Emiratization challenge: UAE businesses struggle to retain national staff

Power plant in Samawah, Iraq. (Wikimedia Commons)
May 2nd, 2016 - 09:00 GMT

Iran resumes electricity exports to Iraq following debt settlement


The assistance to the families, in the form of land, villas, apartments or financing, will be extended over a year starting on May 8. (File photo)
May 2nd, 2016 - 07:00 GMT

Saudi Vision 2030: Homes for 100,000 low-income families to be built within the year

The agreement will also allow the two countries to cooperate in strengthening the technological and information infrastructure of the Bahrain Bourse. (File photo)
May 2nd, 2016 - 06:00 GMT

Egypt, Bahrain stock exchanges sign cross-listing agreement

The independent Australian-based Dunmore Consulting company estimates that the Hatrurim area contains from seven to eleven million barrels of oil. (Wikimedia Commons)
May 2nd, 2016 - 04:00 GMT

Israel's Dead Sea oil find reportedly worth $1.2B

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