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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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Iraq Signs Agreement With Norwegian Firm to Build Oil Tankers
August 20th, 2020 - 07:30 GMT

Iraq Signs Agreement With Norwegian Firm to Build Oil Tankers

Microsoft to Pull the Plug on the 25-Year-Old Internet Explorer
August 20th, 2020 - 07:00 GMT

Microsoft to Pull the Plug on the 25-Year-Old Internet Explorer

UAE, Swedish Firms to Build Renewable Energy Storage site in Abu Dhabi
August 20th, 2020 - 06:30 GMT

UAE, Swedish Firms to Build Renewable Energy Storage site in Abu Dhabi

FDI in Developing Countries Projected to Plummet 50 Percent this Year
August 20th, 2020 - 06:00 GMT

FDI in Developing Countries Projected to Plummet 50 Percent this Year

Emirates and Clark International Airport Celebrate Landmark One-Off A380 Service
August 20th, 2020 - 05:53 GMT

Emirates and Clark International Airport Celebrate Landmark One-Off A380 Service

Huawei AppGallery Features Official App From Leading Telecoms Companies in Saudi Arabia Bringing More Convenience To Huawei Device Users
August 20th, 2020 - 05:21 GMT

Huawei AppGallery Features Official App From Leading Telecoms Companies in Saudi Arabia Bringing More Convenience To Huawei Device Users

Ooredoo Appoints New Chief Executive Officer for Ooredoo Kuwait
August 20th, 2020 - 04:55 GMT

Ooredoo Appoints New Chief Executive Officer for Ooredoo Kuwait

Aldar Hotels Gain ‘Go Safe’ Certification From Department of Culture and Tourism
August 20th, 2020 - 04:35 GMT

Aldar Hotels Gain ‘Go Safe’ Certification From Department of Culture and Tourism

GE to work with multiple export credit agencies to facilitate over US$1 billion of financing for the projects
August 20th, 2020 - 04:17 GMT

GE To Scale up Power Stability Through Two New Agreements With Iraqi Ministry of Electricity

Top 10 University Majors to Aim for in the Next 10 Years in the GCC
August 19th, 2020 - 02:00 GMT

Top 10 University Majors to Aim for in the Next 10 Years in the GCC

DP World Acquires Transworld Feeders, Regional Trade Operators
August 19th, 2020 - 01:00 GMT

DP World Acquires Transworld Feeders, Regional Trade Operators

UAE: Barakah Nuclear Plant to Successfully Produce Clean Electricity for the First Time
August 19th, 2020 - 12:30 GMT

UAE: Barakah Nuclear Plant to Successfully Produce Clean Electricity for the First Time

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