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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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Airport departure tax and ground handling charges have also been raised recently.  (Twitter)
March 29th, 2016 - 05:12 GMT

Oman: Raised air traffic fees will have a domino effect

The Saudi labor ministry insists on feminization of all positions in the women's retail sector, including managerial jobs. (AFP/Amer Hilabi)
March 28th, 2016 - 02:00 GMT

Saudi retailers largely unprepared for 100 percent 'feminization' at women's shops

The gas outline agreement will be delayed at least two months as it goes back to battle in the Knesset. (File photo)
March 28th, 2016 - 01:12 GMT

Israel's High Court mows down Leviathan natural gas development framework

33 percent of the economic crimes were found to have been 'inside jobs'. (File photo)
March 28th, 2016 - 12:00 GMT

These are the most common financial crimes in MENA

Batman: The Ride, the world’s first suspended outside-looping roller coaster  at the Six Flags Great America theme park in Chicago. (Wikipedia)
March 28th, 2016 - 11:00 GMT

Financing for more fun: Dubai Parks & Resorts seeks funding for Six Flags theme park

The 100,000 houses and city infrastructure will be built in Alfursan, near Riyadh International Airport. (Aleqt)
March 28th, 2016 - 10:00 GMT

Daewoo, Korean consortium win $20B contract for construction of 100,000 Saudi homes

RAK and Abu Dhabi are seeking to attract Chinese tourists from Beijing, Shanghai, Shenzhen, and Guangzhou. (Twitter)
March 28th, 2016 - 09:00 GMT

Abu Dhabi and RAK tourism roadshow heads to China

Turkish Prime Minister Ahmet Davutoglu met with Jordan's King Abdullah II on Sunday 27 March 2016. (Instagram/Royal Hashemite Court)
March 28th, 2016 - 08:00 GMT

Turkey's Anadolu Agency and Jordan's Petra News Agency sign new deal

Egypt, which relies heavily on imports, has been facing a dollar shortage since a popular uprising in 2011 drove away tourists and foreign investors, both major sources of hard currency.  (File photo)
March 28th, 2016 - 07:00 GMT

More aggressive action: Egypt's Central Bank releases $22B to clear goods blocked at ports

UN Secretary General Ban Ki-Moon (C-L) and World Bank President Jim Yong Kim (L) meet with Jordan's King Abdullah and Queen Rania (R) at the Royal Palace in Amman on March 27, 2016. (AFP/Khalil Mazraawi)
March 28th, 2016 - 05:11 GMT

World Bank announces $100M interest-free loan to Jordan

The GCC Supreme Council has passed a resolution in favor of equal treatment of students in terms of admission and treatment, research, Arabization integration and students’ joint activities. (Twitter)
March 27th, 2016 - 02:00 GMT

GCC votes in favor of uniform university admissions

US Republican presidential hopeful Donald Trump addresses the American Israel Public Affairs Committee (AIPAC) 2016 Policy Conference at the Verizon Center in Washington, DC, March 21, 2016.  (AFP/Saul Loeb)
March 27th, 2016 - 01:21 GMT

'No oil from Saudi without ground troops commitment': Trump

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