UK and GCC push investment ahead British and Gulf officials have called on businesses and investors to begin turning a…
Browsing: In The News
Malaysia’s economy grows 5.3pc Malaysia’s economy grew 5.3 percent from a year earlier in the third quarter, slowing from the…
IMF forecasts 1.3pc contraction in Pakistan The IMF on Thursday forecast a sharp drop in economic output in the Middle…
Panama Canal sets record for annual tonnage driven Despite the challenges the Panama Canal has faced due to the drought…
Scientists Discover What AI Does When Left Alone: Researchers at the Massachusetts Institute of Technology (MIT) found that artificial intelligence…
Saudi crude exports hit five-month high Saudi Arabia’s crude exports rose about 7.9 percent in August from July to 4.451…
GCC tops worldwide remittance outflows at $161bn Gulf Cooperation Council countries recorded the highest value of outward workers’ remittances globally…
Singapore’s digital economy reaches 19.3pc of GDP Singapore’s Digital Economy grew to S$144.1 billion ($113 billion) in 2025, or 19.3…
Pakistan, IMF reach staff-level deal on $1.2b loan Pakistan and the International Monetary Fund have reached a staff-level agreement on…
International experts recorded that the global shipping industry stands at an inflection point. Given that as much as 90 percent…
University scheme to help firms ‘adopt robotics’: A West Yorkshire university has received funding for a multimillion-pound robotics project to…
Natural Resource Wealth Rank Country Estimated Value (Trillion USD) Primary Resources 1 Russia $75.0 – $100.0 Natural gas, coal, oil,…
Ministers discuss economy ahead of summit Foreign ministers of the six Gulf Cooperation Council states met in Bahrain’s capital on…
China’s economy 2026 China’s economy is facing mounting pressure in 2026 as weak consumer spending, a prolonged property downturn, slowing…
IMF talks start with reform gaps As the International Monetary Fund (IMF) began talks from Karachi, Pakistan managed to show…
Container shipping faces 2027 pressure The container shipping market is still benefiting from geopolitical disruption and longer sailing distances in…
Minister IT Inaugurates Pakistan’s First National-Level Telecom Repair Centre Established by Huawei in Islamabad: Minister for Information Technology and Telecom…
EIA increases USA oil production forecasts for 2026, 2027 The U.S. Energy Information Administration (EIA) raised its U.S. crude oil…
Oxford economics: GCC real gdp projected to grow by 6.8pc in 2027 A report by Oxford Economics projects that the…
Japan’s economy grows faster The Japanese economy grew faster than initially thought in the second quarter, revised data showed on…
Australia, Pakistan eye $3bn trade Australian High Commissioner Timothy Kane has said negotiations on a modernised Pakistan-Australia Bilateral Investment Treaty…
U.S. container imports defy expectations The peak shipping season at major U.S. container ports is proving longer than expected, with…
IT Ministry Revises Telecom Bill After Private Property Concerns: The Ministry of Information Technology and Telecommunication has prepared a revised…
Exploitation of Western Sahara’s natural resources For more than two decades, Western Sahara Resource Watch (WSRW) has documented the exploitation…
Qatar cuts government budget Qatar has cut government department budgets by up to 30 percent as the Gulf state grapples…
Foreign students add nearly $5 bn a year to Malaysia’s economy About 167,000 international students in Malaysia contribute around $4.95…
1.8mn jobs at risk over auto strategy The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has appealed directly…
U.S. Military: it has cleared iran’s mines from Strait of Hormuz shipping lanes U.S. Central Command Commander Admiral Brad Cooper…
Pakistan’s Crypto Czar Eyes $400 Million Remittance Savings Through Stablecoins: Pakistan could save around $400 million annually by using regulated…
China gains oil market influence Six months into the Iran war, the world’s most powerful oil alliance, OPEC+, finds itself…
GCC leads global shift to programme-scale AI The Gulf Cooperation Council (GCC) has become one of the world’s fastest-moving regions…
2Q 2026 GDP growth of 5.8pc shows Malaysia’s economy remains resilient Malaysia’s economy remained resilient as preliminary data from the…
Pakistan, Iran to raise power imports beyond 100mw Pakistan and Iran have agreed to strengthen energy cooperation, with work on…
Shipping industry warns against potential Hormuz transit charges The global shipping industry is urging the United Nations and the International…
DynaSys Networks and NUST Sign Trailblazing Academia – Industry Partnership on IoT in Pakistan: DynaSys Networks (DynaSys), Pakistan’s leading LPWAN IoT network…
Venezuela’s oil production grows Venezuela’s oil production is growing at a crucial time, with conflict in the Middle East disrupting…
Poll most Gulf area economies face deeper downturns in 2026 Most Gulf economies will contract more sharply this year than…
Secretariat to buy bullet-proof car The China-Pakistan Economic Corridor (CPEC) secretariat has decided to buy a bullet-proof vehicle at a…
Houthi blockade of Saudi shipping begins The first indications have been seen that the Houthi blockade declared against ships traveling…
PM Launches Robotics Program, $20 Million Venture Fund for Pakistan-Made Technology: Prime Minister Shehbaz Sharif announced a series of initiatives…
Chief: illicit exploitation of natural resources fueling armed conflicts United Nations (U.N.) Secretary-General António Guterres said on Wednesday that the…
Connectivity, reforms key to expanding GCC-Central Asia trade: IMF Trade and investment between the Gulf Cooperation Council (GCC) and countries…
Trade with Russia to cross $1bn Federal Minister for Energy (Power Division) Awais Ahmed Khan Leghari on Thursday said Pakistan…
Indonesia gets first Russian oil shipment Indonesia imported Russian crude oil for the first time since a deal struck between…
Samsung profits jump 1,800% as AI chip sales soar: South Korean technology giant Samsung Electronics says it expects to post…
Global production breakdown Global coal production remains dominated by 10 countries, which account for about 90 percent of global extraction.…
GCC economy to shrink in 2026 before 8.1pc growth The UAE and wider Gulf economies are expected to bounce back…
FBR misses IMF target by Pkr 975bn Pakistan has missed the International Monetary Fund (IMF) condition on federal tax collection…
Global shipping needs 114,000 more officers by 2030 The global shipping industry will need an additional 113,735 certified officers by…
Asia stock markets slide as tech shares slump: Asian stock markets fell sharply on Friday, led by a sell-off in…
Norway defies expectations: oil output tops forecasts, hits 1.722 mn bpd in May Norway’s offshore oil industry continued to outperform…
Gulf security ‘indivisible,’ GCC tells after Iranian attacks The security of Gulf states is “indivisible,” Gulf Cooperation Council Secretary-General Jassim…
A holding operation, not a growth budget fy2027 The federal budget for FY 2026-27 arrives at a moment of relative…
OFAC unveils sweeping framework for Venezuela oil The U.S. Treasury Department on Tuesday unveiled a broad new sanctions framework aimed…
‘Think outside the bots’: How to stop AI from turning your brain to mush: Years ago, I forced myself to…
Since 2000 OPEC oil production falls to lowest level Crude oil production among members of OPEC has this year collapsed…
Pakistan advances economic diplomacy with Iran and GCC countries Pakistan has reaffirmed the strategic importance of its ties with Iran…
Japan’s economy grows at annualized 2.1pc rate Japan’s economy grew at an annualized 2.1 percent in the first quarter of…
Experts clear CDC investment The Competition Commission of Pakistan (CCP) has approved the proposed investment by the Central Depository Company…
Hong Kong hedge fund beats peers with bets on oil tankers while cutting AI A Hong Kong hedge fund that…
Over 33,000 Students Take Pakistan’s First Nationwide IT Skills Exam: The Government of Pakistan has introduced the National Skill Competency…
Iran turns to natural gas to thwart oil shortages There are signs that the US naval blockade targeting Iranian crude…
GCC Economies Outperform Worldwide Average In Economic Freedom Index Gulf Cooperation Council economies have strengthened their collective standing in the…
Indonesian economy tops estimates to grow 5.6pc Indonesia’s economy grew 5.6 percent on an annual basis in the first quarter…
Maritime transition means in practice? Across shipping, sustainability is no longer only an environmental issue, but increasingly a question of…
MoITT Launches Plan to Open Govt Data to Citizens for Easy Access: The Ministry of Information Technology and Telecommunication (MoITT)…
Turkey increased steel production by 6.4pc In March 2026, Turkey increased its steel production by 6.4 percent compared to the…
Government to close untargeted subsidies Pakistan has assured the International Monetary Fund (IMF) to end untargeted electricity subsidies for all…
GCC secretary general stresses importance of Gulf economic integration Secretary General of the Gulf Cooperation Council (GCC), Jasem Mohamed Albudaiwi,…
Malaysia’s economy grew 5.3pc yr/yr in Q1 Malaysia’s economy grew 5.3 percent in the first quarter from a year earlier,…
Shipping interests call for unity As delegates head to London for MEPC 84 and the next round of talks on…
Tinder and Zoom offer ‘proof of humanity’ eye-scans to combat AI: Tinder will let users prove they are human and…
OGDC oil production crosses 40,000 barrels per day Oil and Gas Development Company Limited (OGDC) has increased its oil production…
International monetary fund urges removal of non-tariff curbs Pakistan has assured the International Monetary Fund (IMF) that it would review…
Bankers contemplate post-conflict prospects in Dubai Nearly four weeks after the launch of Iranian attacks against Dubai and the wider…
Indian economy: war situation in gulf starts severe negative impact The war situation in the Gulf has started having a…
Russian oil tanker begins discharging cargo in Cuba’s Matanzas Terminal A Russian-flagged tanker carrying some 700,000 barrels of crude docked…
Samsung, Other Tech Stocks Crash After Google Unveils 6x More Efficient AI Tool: The world’s leading memory stocks like Samsung,…
Gas discovery in Egypt’s western desert A new natural gas discovery in Egypt’s Western Desert has been announced, with initial…
PR’s record earnings collide with safety fears Pakistan Railways (PR) is celebrating record passenger revenues, but a string of recent…
Few economic impacts from Iran conflict outside Gulf Cooperation Council The conflict in the Middle East will likely have significant…
Malaysia sets up gig economy commission Malaysia has established the Malaysian Gig Economy Commission (SEGIM) to strengthen governance of the…
Govt begins 5g spectrum auction Pakistan has formally launched the auction of the 5G spectrum on Tuesday, with federal ministers…
Washington: $20 billion maritime reinsurance facility The Trump administration on Friday unveiled a $20 billion maritime reinsurance facility aimed at…
Speech-to-text AI ‘could save doctors’ time’: Scientists are developing AI (artificial intelligence) technology to help doctors record patient consultations. Developed…
Oil soars past $100 a barrel Oil prices have surged past $100 a barrel amid the fallout from the United…
Free trade negotiations between GCC, India mark latest phase of partnership The Gulf Cooperation Council’s secretary-general affirmed that the negotiations…
India expected to overtake Germany Despite downturns and stagnation, Germany remains the world’s third largest economy for the third year…
Foreign companies invest Pkr 41bn Seventy nine new foreign companies have commenced operations in Pakistan over the past three years…
West coast gateway ports hold ground The nation’s two busiest container ports posted double-digit declines in January cargo volumes, but…