Browsing: In The News

Profitability and credit growth of GCC banks set to remain strong in 2024 Profitability and credit growth will remain strong…

In 2023 clothing exports to China rise by 3pc The amount of clothing that Pakistan exported to China, both for…

IT Ministry Urges Finance Ministry, SBP to Revive IT Cash Reward Program: The Ministry of Information Technology and Telecommunication has…

Study points to Africa’s opportunities to increase rice production Africa’s rice sector has major opportunities to increase its yield gains…

Competition between Gulf economies benefits whole region Gulf Economies are benefiting from competition and continue to show signs of growth…

Pakistan customs mark a historic achievement Pakistan Customs, in collaboration with the National Logistics Corporation (NLC), has marked a historic…

Tufail Multichem Leverages SAP S/4HANA for Enhanced Operational Excellence and Innovation: Tufail Multichem Industries Pvt Ltd., a leader in the…

Prevention is best defense against Bangladesh crop diseases Bangladeshi farmers are struggling with five major crop diseases, likely reducing the…

Oman sets 2024 budget on average oil price of $60 per barrel Oman is forecasting a budget deficit of 640…

Worldwide bond prices double Pakistan US dollar-denominated global Eurobonds and Sukuk have staged a powerful rally in recent days, suggesting…

2023 ends with two major shipping passages experiencing disruptions Shipping’s two major shipping passages, forged through decades of works and…

IT Ministry to Launch Easy Installment Scheme For Buying Mobile Phones Next Week: The Ministry of Information Technology and Telecommunication,…

Iron ore price climbs to multi-month high on upbeat Chinese data Iron ore futures climbed to multi-month highs on Tuesday,…

Old problems await Kuwait’s new ruler A Sluggish economy, political wrangling and delayed reforms have turned Kuwait into one of…

Energy imports drop 13pc Pakistan experienced a 13 percent decline in overall energy imports, reaching $1.42 billion in November 2023,…

ZTE Nubia is Working on a Flip Foldable to Rival Samsung: ZTE’s Nubia sub-brand is expected to announce its first-ever…

Revolutionizing rice yield prediction The Increasing global demand for staple crops, projected to rise by 60 percent by 2050, is…

UAE working on national investment strategy: Minister The United Arab Emirates is working on developing a national investment strategy, its…

Chinese firm to buy 30pc stake in PRL State-run oil marketing company Pakistan State Oil (PSO) has agreed to sell…

Amazon, Google and other tech giants pledge action on fraud: Fake adverts and romance scams were targeted as technology giants…

US oil production: record output at low prices a troubling combination As Saudi Arabia makes production cuts, its US oil…

Sheikh approves Dubai budget for 2024 to 2026 Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, has approved…

Government set to slap hefty tax on retailers Pakistan has informed the International Monetary Fund (IMF) that it is planning…

FBX index November 2023: ramping up the uncertainty As if the container shipping capacity wasn’t sufficiently unpredictable, the past month…

Center of Gaming and Animation to be Established Soon: IT Ministry: The Ministry of IT and Telecom has decided to…

Consumer affairs SECY urges Brazil to grow pulses Union consumer affairs secretary Rohit Kumar Singh on Thursday emphasized the need…

How robust economic growth and reforms are attracting investors to GCC stocks Proceeds from global initial public offerings surged by…

Cotton production slows Pakistan has reported a jump of 62percent in cotton production to 5.99 million bales in the first…

New fuels, new challenges Shipping need’s for decarbonization has increased the needs for alternative fuels and the supply chains to…

Jazz Dominates Ookla’s Latest Mobile Internet Rankings: Ookla, the company behind Speedtest, has unveiled its most recent report evaluating internet…

Global coal industry could lose almost a million jobs by 2050 The Global coal industry could shed almost a million…

UAE non-oil economy strengthened in September Business activity in the UAE’s non-oil private sector expanded robustly in September as the…

Experts seek proper energy infrastructure Speakers at a conference titled “Renewing Pakistan’s Energy Vision” hosted by Pakistan-based think tank Renewables…

IT Ministry Plans Converting e-Rozgar Centers to Virtual Special Technology Zones: The Ministry of IT and Telecom plans to convert…

Korea zinc expands nickel production Korea Zinc, the world’s largest zinc smelter by output, is expanding its nickel business and…

US and Bahrain sign security deal The US and Bahrain have signed a security and economic agreement, a signal of…

Tax the rich to protect the poor, IMF tells Pakistan International Monetary Fund (IMF) Managing Director Kristalina Georgieva has advised…

Blank sailing trends will persist This analytical piece provides an in-depth examination of current trends in blank sailings across major…

Phantom V Fold by TECNO is Reshaping Trends in the Foldable Phone Market: Not too long ago, Samsung unveiled its…

Rice gap hybrid rice production to increase crop yield The price of rice has increased to 8.7 percent in August…

Kuwait parliament allows foreign firms to operate without local sponsors Kuwait’s parliament has approved a proposal to abolish local sponsorship…

Government mulls allowing private sector to import lng A looming dispute between Pakistan LNG Limited (PLL) and Pakistan GasPort Consortium…

vivo Shines Bright at ITCN Asia 2023: Paving the Way for Technological Innovation and Local Manufacturing in Pakistan: vivo, a…

Australia trims wheat crop estimate, curbing global supplies The government trimmed its estimate by 3 percent from June to 25.4…

UAE says not flouting ally sanctions as its economy warms to Russia The United Arab Emirates has said it is…

Pakistan got over $5 bn in fresh loans in July Pakistan got over $5 billion in fresh loans in July,…

How Wateen is Impacting Industries Digital Transformation: As technology advances, digital transformation has become essential in industries, and it is…

Mint explainer: why did the govt raise kharif rice procurement target? Despite predictions of deficient rains in the second half…

Dubai chamber of commerce reports 43pc surge in new member companies Showcasing the emirate’s attractiveness among both companies and investors,…

ECC accepts $3bn loan guarantee for n-plant Pakistan on Tuesday approved issuing $3 billion worth sovereign guarantees against a Chinese…

Cargill kickstarts maritime decarbonization with biofuels, methanol US-based agricultural trader Cargill has ramped up a bio-bunkering program for its own…

Prototype ‘Brain-like’ chip promises greener AI, says tech giant: A prototype “brain-like” chip could make artificial intelligence (AI) more energy…

OPEC+ Crude production at lowest since August 2021 OPEC+ cut its crude oil production to a near two-year low in…

Turkiye’s Erdogan caps economy-driven gulf tour in UAE Turkiye President Recep Tayyip Erdogan has arrived in the United Arab Emirates,…

Mandatory cybersecurity audits for telecom, energy sector In a crucial move towards enhancing cybersecurity and protecting national data from potential…

Netflix Password Sharing Banned in UAE: From 20 July, United Arab Emirates (UAE) residents are being notified that they can…

Sugar exports push retail price to Rs150 per kg Amid the lack of any government interest towards rising commodity prices,…

UAE healthcare spending jumps to 5.67 pct of the country’s GDP Total healthcare spend in the Middle East and Africa…

Logistic firms struggle to attain economic growth Logistic companies in Pakistan are grappling with low margins, high taxes, and an…

Global container shipping outlook: pressure mounts amid flood of new capacity The container shipping market has become used to cyclicality…

Telcos Should Be Heavily Fined for Not Improving Service Quality: IT Minister: Federal Minister of Information Technology and Telecommunication Syed…

New Iran nuclear deal may lead to quick increase in oil production Of all the geopolitical scenarios perennially judged most…

OPEC emphasises UAE’s ‘capability to withstand global economic challenges’ The UAE’s non-oil sector is expected to continue its robust growth…

SECP accepts first P2P lending platform The Securities and Exchange Commission of Pakistan (SECP) has taken a significant step towards…

Zong 4G & PBM Celebrate First Cohort of Graduates from Digital Lab & Women Empowerment Initiative: Zong 4G, in collaboration…

Expert: climate change, water scarcity can affect rice production Chairman Rice Research and Development Board Punjab Shahzad Ali Malik warned…

GCC economic strengths ‘make it ideal investment destination’ Strong Economy, low debt, lack of currency risk and high reserves make…

PIA suffers PKR 38b loss in first 3-month of 2023 The Pakistan International Airlines (PIA) suffered a loss of Rs38…

Savvy to the Rescue: Savyour Becomes World’s First-Ever Cashback App with AI-Backed Shopping Assistant: Savyour, the pioneering cashback app from…

Rice assistance payment rolls out More than a year ago, members of the rice community began working with Sen. John…

Dubai tops global charts in foreign investment: $12.8bn infusion and 38,500 jobs Gulf: According to the Financial Times, Dubai emerged…

No choice but to revive IMF: Mifta Former-finance minister Mifta Ismail has warned that Pakistan current economic crisis has left…

Samsung Hits Breakthrough in Next Gen Batteries for Phones and EVs: Similar to many other major technology companies, Samsung’s battery…

The real reason big oil is refusing to boost production Over the last couple of weeks, a stand-off has been…

Surge in non-oil business raises the UAE’S PMI: S&P global An Increase in new orders, backed by rising customer demand…