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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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Islamic finance will likely remain a moderate contributor due to the industry's small size and the issues it has yet to resolve to unlock its global potential. (File photo)
April 20th, 2016 - 11:00 GMT

Islamic finance assets estimated at $2.1T in 2015: S&P

The bill will now go to the Guardian Council, the constitutional supervisory body, for ratification before becoming law. (Wikimedia Commons)
April 20th, 2016 - 10:00 GMT

Iran's lawmakers propose $330B budget that doubles oil exports

French President Francois Hollande (C) delivers a speech as Defence Minister Jean-Yves Le Drian (C-L) watches on at the Prince Hassan French military base, some 100 kilometres from the Jordanian capital Amman on April 19, 2016. (AFP/Stephane de Sakutin)
April 20th, 2016 - 09:00 GMT

Hollande in Jordan: France aims to be top tier investor

Alabaar is also the founder and a major shareholder of Singapore-based marketer, distributor and retailer RSH, which has more than 70 international fashion and lifestyle brands and 700 outlets. (The Fashion Spot)
April 20th, 2016 - 08:00 GMT

Alabaar invests $113M in online fashion retailer Yoox Net-A-Porter

Kuwaiti oil workers arrive at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city, on April 17, 2016. (AFP/Yasser Al-Zayyat)
April 20th, 2016 - 07:00 GMT

Kuwait’s oil and gas workers end strike

Over 1,100 people in the UAE's banking sector have lost their jobs since last year. (Emirates NBD)
April 20th, 2016 - 06:00 GMT

Emirates NBD cuts 300 jobs in latest industry cull

Iconic Warner Bros characters at Warner Bros Movie World in Australia. (Pinterest)
April 20th, 2016 - 05:00 GMT

Warner Bros World theme park to open in Abu Dhabi

Kuwaiti oil workers at the union headquarters in Al-Ahmadi, 35 km south of Kuwait city.  (AFP/File)
April 19th, 2016 - 01:00 GMT

Kuwait oil workers strike cripples 60 percent of production

French President Francois Hollande (C), flanked by Egyptian Minister of Transports Gallal al-Said (L) and Head of the National Authority of Tunnels (NAT), Ismael al-Nagdi, visits the third line of Cairo's metro which is under construction, on April 18, 2016. (AFP/Stefane de Sakutin)
April 19th, 2016 - 12:00 GMT

Egypt, France sign 18 MoUs during Hollande's visit

Expat remittances to Lebanon have been dropping since 2014, and low oil prices will continue to limit the amounts sent to Lebanon. (Argaam)
April 19th, 2016 - 11:00 GMT

Expat remittances to Lebanon will continue to fall in 2016: Economist

The contract includes the design of elevated stations, and a construction of a tunnel under the Nile. (Vinci)
April 19th, 2016 - 10:00 GMT

France's Bouygues and Vinci land $122B contract for Cairo Metro project

Airlines are likely to increase prices to offset the decline in corporate bookings. (Oman Air)
April 19th, 2016 - 09:00 GMT

Austerity weighs on corporate air travel in Oman

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