In The News

IMF upgrades UAE, global economic growth forecast The International Monetary Fund (IMF) on Tuesday revised upward the UAE and global economic growth forecast for 2021, thanks to massive vaccination efforts as well as $1.9 trillion US stimulus package which will …

Dry bulk market dynamics shifting Demand for second hand dry bulk tonnage has been rising of late, with shipowners’ focus being the Handysize and Supramax sectors. In its latest weekly report, it is said that following the end of the …

Despite IMF loan, China stays country’s lifeline Pakistan will meet a dozen conditions in six months to stay in the $6 billion International Monetary Fund (IMF) programme but its economic endurance still hinges upon an $11 billion continued Chinese lifeline. …

PAKISTAN NEWS: Samsung is ordering millions of OLED tv screens from LG: Samsung is reportedly negotiating a large order of OLED TV panels from one of its biggest display-making rivals, LG. According to a report from Korean media, Samsung is …

U.S. ethanol production up, stocks down The U.S. Energy Information Administration says production averaged 975,000 barrels a day, up 10,000 on the week and 303,000 on the year, one of the first weeks blending demand concerns connected to COVID-19 impacted …

Dubai chamber webinar series promotes Dubai as an ideal hub for African businesswomen Dubai Chamber of Commerce and Industry recently launched a webinar series providing African women business leaders and entrepreneurs with useful information about doing business in Dubai, as …

State Bank likely to maintain status quo Pakistan central bank is scheduled to meet on Friday (March 19) to determine the benchmark interest rate for the next two months and outline the possible trend of the rate in the near …

Global Maritime Industry Scrap prices should rise in order to attract more tonnage says shipbroker An underwhelming demolition market has been the norm so far this year, despite expectations that a lackluster freight market, mainly for tankers, could increase tonnage …

PAKISTAN NEWS: Mobile banking transactions cross Rs 1 trillion for the first time: The use of mobile banking witnessed tremendous growth in Pakistan as the quarterly transaction value crossed the mark of Rs. 1 trillion for the first time in …

Commodities In 2021 How India’s rice production can adapt to climate change challenges As the global population grows, the demand for food increases while arable land shrinks. A new University of Illinois study has investigated how rice production in India …

Abu Dhabi fund, CVC, among suitors for $1b NMC Abu Dhabi state-owned holding company ADQ and private equity firm CVC Capital Partners are among the suitors that have shown interest in NMC Health’s core hospital business, sources told Reuters. Hospital …

Trade deficit widens 24pc in Pakistan Pakistan exports have plunged for the successive second month to slightly over $2 billion in February, proving once again that a recent peak in exports was the result of some external factors and policy …