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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 idea of a causeway between the two countries had been floated before, especially by ousted Egyptian strongman Hosni Mubarak, but never made it past the planning stage.  (AFP/File)
April 10th, 2016 - 04:08 GMT

Saudi Arabia to finance Red Sea bridge to Egypt

KTO has already recognized 140 eateries as halal restaurants. (YouTube)
April 7th, 2016 - 03:25 GMT

South Korea courts Muslim tourists with new halal certification system

The Russian ambassador claimed that archeological treasures were being smuggled through Turkey to be sold directly to buyers over the internet. (AFP/FIle)
April 7th, 2016 - 12:00 GMT

Trade in plundered antiquities nets Daesh $200M annually: Russia

At least eight prominent Middle East figures have been named in the leaked Mossack Fonseca data. (Twitter)
April 7th, 2016 - 11:21 GMT

Panama Papers whistleblower: A mystery man most wanted

The eurobond issue should be complete by the end of the month. (Photo courtesy of The Daily Star)
April 7th, 2016 - 10:05 GMT

Lebanon announces three banks to manage $1B eurobond issue

The closure of small groceries will mean the loss of vital conveniences for many. (Riyadh Connect)
April 7th, 2016 - 09:00 GMT

Shura council proposes Saudization policy for local grocery shops

Al Bawaba
April 7th, 2016 - 08:00 GMT

That's super rich: Millionaires continue to migrate to Dubai

The third phase of Sezad is expected to be completed within three years. (File photo)
April 7th, 2016 - 06:54 GMT

Oman: Kuwaiti company lands $200M contract for next stage of Duqm port development

Analysts have praised the collaboration, saying that it will lead to economic rationalization and cost effectiveness. (Shutterstock)
April 7th, 2016 - 05:58 GMT

Better together? Saudi oil rivals Aramco and Sabic rumored to be collaborating on joint refinery

The fourth round of the Jordanian-Kuwaiti joint commission will be held in Kuwait in May. (File photo)
April 7th, 2016 - 04:28 GMT

Jordan-Kuwait trade now worth $400M

Intense negotiations will begin to establish a timetable for reaching a settlement on the PA's total debt to IEC, which amounts to NIS 1.7 billion ($445M). (Electronic Intifada)
April 6th, 2016 - 01:00 GMT

Gaza power cuts: PA strikes deal with Israel over unpaid bills

The New Port project is considered to be the largest port development project in the world to be built on unused land. (Ship Technology)
April 6th, 2016 - 12:30 GMT

Doha's $7.5B New Port project set for completion in 2020

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