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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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Egypt to Rationalize Expenditures to Face Economic Repercussions of COVID-19
May 14th, 2020 - 10:30 GMT

Egypt to Rationalize Expenditures to Face Economic Repercussions of COVID-19

IATA Calls on Saudi Gov't for More Financial Aid to Aviation Sector
May 14th, 2020 - 10:00 GMT

IATA Calls on Saudi Gov't for More Financial Aid to Aviation Sector

EU: Airlines Must Cash Refund Passengers for Canceled Flights
May 14th, 2020 - 09:30 GMT

EU: Airlines Must Cash Refund Passengers for Canceled Flights

Global Economy to Shrink by 3.2 Percent Due to COVID-19
May 14th, 2020 - 09:00 GMT

Global Economy to Shrink by 3.2 Percent Due to COVID-19

GCC Economies to Weather Oil Crash Storm; Says Fitch Ratings
May 14th, 2020 - 08:30 GMT

GCC Economies to Weather Oil Crash Storm; Says Fitch Ratings

India: Equity Prices Plummet, Tracking Decline in Asian Stocks
May 14th, 2020 - 08:00 GMT

India: Equity Prices Plummet, Tracking Decline in Asian Stocks

India Offers $40 Billion Bank Loans to Small Industries
May 14th, 2020 - 07:30 GMT

India Offers $40 Billion Bank Loans to Small Industries

S&P: Saudi Banks Have Enough Capital to Cope With COVID-19, Oil Shocks
May 14th, 2020 - 07:00 GMT

S&P: Saudi Banks Have Enough Capital to Cope With COVID-19, Oil Shocks

How the Coronavirus Has Pushed Medical Innovation in the MENA Region
May 13th, 2020 - 01:30 GMT

How the Coronavirus Has Pushed Medical Innovation in the MENA Region

Ericsson CEO Ekholm: “More than ever, connectivity is key”
May 13th, 2020 - 12:16 GMT

Ericsson CEO Ekholm: “More than ever, connectivity is key”

Saudi Arabia: 68 Factories Producing Sanitizers, Sterilizers and Face Masks
May 13th, 2020 - 12:00 GMT

Saudi Arabia: 68 Factories Producing Sanitizers, Sterilizers and Face Masks

Ooredoo Donates Medical Tests That Give COVID-10 Results in Under an Hour to Sultan Qaboos University Hospital
May 13th, 2020 - 11:39 GMT

Ooredoo Donates Medical Tests That Give COVID-10 Results in Under an Hour to Sultan Qaboos University Hospital

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