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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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Qatar is brainstorming for ideas to meet the 60,000 room requirement for the 2022 World Cup.  (Twitter)
March 31st, 2016 - 01:01 GMT

Qatar World Cup organizers 'cannot ignore sharing economy' for accommodation options

The new deal gives Eni a stronger portfolio in frontier areas. (File photo)
March 31st, 2016 - 12:00 GMT

Italy's Eni moves deeper into Morocco exploration

A deserted street in downtown Beirut. (Wikimedia Commons)
March 31st, 2016 - 11:00 GMT

Lebanon: Consumer confidence at lowest level since 2014

The project’s key features include the 5,000 metre aquarium, a 98 berth marina suitable for mini yachts, cafes, restaurants, and three or four stories of furnished apartments available for rent. (WAM)
March 31st, 2016 - 10:00 GMT

Al Barakah's $230M Al Qana complex will house 'UAE's largest aquarium'

Al Bawaba
March 31st, 2016 - 09:00 GMT

GFH on board for London's No 1 Palace Street development

Al Udeid Air Base in Qatar is the largest US air base in the Middle East. (Wikipedia)
March 31st, 2016 - 08:00 GMT

First Turkish military base in Qatar to be ready by 2018

Dubai International Airport has been the world's busiest airport since 2014, overtaking London Heathrow.  (Twitter)
March 31st, 2016 - 07:00 GMT

Dubai to introduce airport departure tax from July 1

Amnesty alleges that migrant workers have had passports confiscated by employers. (File photo)
March 31st, 2016 - 05:32 GMT

Latest Amnesty International report slams Qatar again for migrant worker abuses

IPG plans to increase output from Al Risheh from 50 million cubic feet per day to 300 million. (Shutterstock)
March 30th, 2016 - 01:00 GMT

Jordan, UK's IPG sign oil and gas exploration deal

The proposed project was to be built in Shinas province, on the northwestern coast of Oman. (Pixabay)
March 30th, 2016 - 12:00 GMT

Oman Oasis is a mirage: $6B tourist project does not exist

Over the past year, UAE banks have been hit by a spate of defaults.  (Twitter)
March 30th, 2016 - 11:00 GMT

New UAE bank action to give 'breathing space' to SMEs in debt

Moody's said Oman currently has the highest subsidies for residential consumers of electricity and Dubai has the lowest based on the actual cost per kilowatt hour (kWh). (File photo)
March 30th, 2016 - 10:00 GMT

GCC subsidy reform will strengthen utility sector's credit: Moody's

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