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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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Beirut hotels are incurring more losses during a season already marked by low occupancy rates.
August 21st, 2012 - 10:57 GMT

Foreigners in Lebanon over Eid more likely to be taken hostage than seeing the tourist sites

Technical difficulties
August 21st, 2012 - 09:47 GMT

Technical hitch leaves scores of UAE workers without pay

Tunisia has achieved remarkable results in term of production of wheat.
August 21st, 2012 - 08:57 GMT

Food price hikes are coming but it's not a 'crisis', says IMF

Iraqi PM Nouri Al Maliki and Iranian president Ahmadinejad
August 21st, 2012 - 08:05 GMT

Iraq aids and abets old-time friend and foe Iran to dodge sanctions

Saudi Arabia and UAE flags
August 20th, 2012 - 10:57 GMT

Abu Dhabi get the show on the road to Saudi

Jordanian Industry and Trade Minister Shabib Ammari
August 20th, 2012 - 10:07 GMT

Desperate to attract investment, Jordan tarts up law

Banking expert Mefleh Aqel told The Jordan Times on Thursday that the Shoman family used to own around 18 percent of the bank’s shares less than 10 years ago, while now its stake is below 6 percent
August 20th, 2012 - 09:49 GMT

Shoman's resignation marks a departure following 80-years of Arab Bank

The headquarters of the Reserve Bank of India in Mumbai. It formed a panel to consider introducing Islamic banking after Prime Minister Manmohan Singh’s visit to Malaysia in 2010.
August 20th, 2012 - 08:49 GMT

India gains interest in Islamic banking

Grinberg method
August 19th, 2012 - 12:40 GMT

A Method for Back Pain – Grinberg and Bear It

Bahrain stock exchange
August 17th, 2012 - 12:04 GMT

Bahrain stocks rake in profits

National Commercial Bank
August 16th, 2012 - 06:04 GMT

Saudi oil to flow more next year

In a letter sent to the bank’s staff, Shoman said he was disappointed by the performance of the general manager and the board of directors
August 16th, 2012 - 02:00 GMT

Abdel Hamid Shoman, chair of Arab Bank, stands down

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