The drop of the Indian rupee is continuing, with analysts saying that it could fall even further. Rates are currently hovering around 18.52 against the UAE dirham, while yesterday the currency briefly declined to a new low of 18.56 Weak economic indicators across emerging markets and the devaluation of China’s yuan are likely to mount further pressure on the rupee, say experts. Sajith Kumar, Director and CEO of JRG International Brokerage explains.
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His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, UAE Deputy Prime Minister and Defence Minister, has honoured 13 winners of the inaugural 'Dubai-it Award', which celebrates exceptional achievements by individuals, projects, institutions and companies across various sectors.
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Abu Dhabi has brought hundreds of new electric vehicle charging units into operation across public parking areas, as part of efforts to encourage greener transport across the emirate.
