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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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McDonald's Global Sales Plunge Due to COVID-19 Lockdowns
July 30th, 2020 - 08:00 GMT

McDonald's Global Sales Plunge Due to COVID-19 Lockdowns

SABIC to Build World’s First Renewable Power Chemical Plant in Spain
July 30th, 2020 - 07:30 GMT

SABIC to Build World’s First Renewable Power Chemical Plant in Spain

Starbucks Store Sales Plummet 40 Percent Globally in Q2 2020
July 30th, 2020 - 07:00 GMT

Starbucks Store Sales Plummet 40 Percent Globally in Q2 2020

The Worst is Yet to Come for GCC Banks As Impact of Bad Loans Looms
July 30th, 2020 - 06:00 GMT

The Worst is Yet to Come for GCC Banks As Impact of Bad Loans Looms

Why Are Gulf Countries Investing in Soft Power?
July 29th, 2020 - 03:00 GMT

Why Are Gulf Countries Investing in Soft Power?

Survey: MEA Frequent Travelers More Eager than Others to Resume Traveling
July 29th, 2020 - 01:00 GMT

Survey: MEA Frequent Travelers More Eager than Others to Resume Traveling

Mitsubishi Motors to Invest Over $75 Million in Electric Car Plant
July 29th, 2020 - 12:30 GMT

Mitsubishi Motors to Invest Over $75 Million in Electric Car Plant

How Can the Automobile Industry Intertwine with the Healthcare Sector
July 29th, 2020 - 12:00 GMT

How Can the Automobile Industry Intertwine with the Healthcare Sector

IATA: ME Air Traffic Plummets 96.1 Percent in June
July 29th, 2020 - 11:30 GMT

IATA: ME Air Traffic Plummets 96.1 Percent in June

UAE: Honeywell, Strata Produce 1 Million N95 Masks
July 29th, 2020 - 11:00 GMT

UAE: Honeywell, Strata Produce 1 Million N95 Masks

Ford Deploys Four-Legged Dog-Like Robots to Save Time, Money
July 29th, 2020 - 10:30 GMT

Ford Deploys Four-Legged Dog-Like Robots to Save Time, Money

Survey: UAE Residents Expect Residential Property Prices to Fall 8 Percent
July 29th, 2020 - 10:00 GMT

Survey: UAE Residents Expect Residential Property Prices to Fall 8 Percent

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