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BUSINESS

BUSINESS latest

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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It is only the second time the iconic New York store has opened its doors outside of the US; the first was in Dubai Mall nearly eight years ago. (Photo courtesy of Gulf News)
March 19th, 2017 - 01:00 GMT

Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening

Saudi Arabia has sought to boost oil sales to China after losing market share to Russia last year. (File photo)
March 19th, 2017 - 12:33 GMT

Saudi Arabia to boost oil exports to China

More and more social media users are becoming easy preys to social media hoodwinkers. (File photo)
March 19th, 2017 - 11:47 GMT

Women in UAE should be especially cautious of social media fraud

The plant, planned to launch in December 2017, will make it possible to save the equivalent of six million cubic metres of gas per year. (File photo)
March 19th, 2017 - 11:26 GMT

Algeria expands into solar energy with new solar plant

During the event
March 19th, 2017 - 11:18 GMT

HBMSU and Holistic join forces to implement transformative solutions in line with Dubai 10X initiative

During the event
March 19th, 2017 - 11:14 GMT

MoF organises workshop on private-public sector partnerships and performance-based contracts

The Dubai Culture and Arts Authority
March 19th, 2017 - 11:04 GMT

Dubai Culture Provides WiFi UAE service at all of its culture & heritage sites

During the event
March 19th, 2017 - 10:55 GMT

Gulf Bank compliments Mothers on their special day

During the event
March 19th, 2017 - 10:42 GMT

WCM-Q event explores impact of new and amended laws on healthcare

The water desalination plant was inaugurated on 18 March 2017 by Jordan's Prime Minister Hani Mulki. (Jordan News Agency/ Petra)
March 19th, 2017 - 10:12 GMT

Jordan inaugurates first water desalination facility

Jaffer Al Khaboori, Director of Planning, Insights and Performance at Ooredoo
March 19th, 2017 - 10:10 GMT

Ooredoo introduces interactive voice response payment system

Saudi Arabia's first female tourist guide wants her country to allow more and more women to become tourist guides. (File photo)
March 19th, 2017 - 09:55 GMT

Saudi woman becomes country's first female tourist guide

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