US oil production: record output at low prices a troubling combination As Saudi Arabia makes production cuts, its US oil…
Browsing: In The News
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…
Canada-India row: navigating the downside risks to dry bulk? The Impact on dry bulk shipping demand is likely to be…
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…
Is the ship recycling market about to see more activity? The ship recycling market has been hampered by reduced activity…
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…
Sri Lanka’s debt restructuring challenge The Sri Lankan economy has begun to show signs of recovery from its worst economic…
Pakistan got over $5 bn in fresh loans in July Pakistan got over $5 billion in fresh loans in July,…
Drewry: tanker shipping stocks volatile in 2023 So far, the year 2023 has been very volatile for stocks of crude…
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,…
Deflation: why falling prices in China raise concerns China’s economy has slipped into deflation as consumer prices declined in July…
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,…
One reason China is willing to engage again Three months ago it appeared that China’s economy was on track to…
Mandatory cybersecurity audits for telecom, energy sector In a crucial move towards enhancing cybersecurity and protecting national data from potential…
Drewry: lng shipping equity index up 16.3pc during 2023 The Drewry LNG Shipping Equity Index increased 16.3 percent YTD (as…
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…
Wind propulsion for RoRo, RoPax and Pax vessels The shipping world is looking for the right answers to the decarbonization…
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…
Tankers: is LNG the new oil? LNG shipping rates are headed for higher ground over the summer, as LNG demand…
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…
Synthetic fuels could be the answer to shipping’s net-zero goals, but don’t count on them yet Shipping accounts for 90…
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…
Flour industrialists threaten to go on strike Pakistan Flour Mills Association (PFMA) has given a 24-hour deadline to the Sindh…
Realities of a multi-fuel future Decarbonising the shipping industry is a complex challenge, yet a wholesale switch to green fuels…
Motorola Edge 40 Pro Arrives in US With Bigger Battery: The Motorola Moto X40 is still making its way around…
Global rice production falls, affecting food security According to the Food and Agriculture Organisation of the United Nations (FAO), world…
UAE economy to grow at a faster pace next year: IMF The International Monetary Fund (IMF) on Tuesday projected that…
IMF sticks to its guns on staff-level agreement Pakistan emphatically requested the International Monetary Fund (IMF) on Wednesday to show…
Green shipping: a $1.9tn investment opportunity? Shipping is the most carbon efficient means of transportation (on a CO2 per ton-km…
IT Ministry Set to Launch Telecom Infrastructure Sharing Framework: The Ministry of Information Technology and Telecommunication (MoITT) is all set…
Inter-provincial sugar transport to require permit Amid an increase in the price of sugar, the Punjab government has formulated a…
China is getting comfortable with the Gulf Cooperation council The People’s Republic of China’s (PRC) expanding political and economic footprint…
Pakistan gets Saudis’ ‘Green Signal’ for dollar 2 bn funding Pakistan has received the nod for funding to the tune…
Record cuts in container shipping costs in 2023 As many shippers/BCOs conclude their annual tender negotiations for new transpacific contracts…
Govt to Launch Marketing Export Program to Enhance IT exports: The Federal Government has decided to launch a Technology Marketing…
Amid changing climate, Bangladesh farming groups conserve indigenous rice seeds Bangladesh, the fourth biggest rice-producing country in the world, produces…
All eyes on Saudi Arabia, UAE and Qatar to bail out Pakistan’s struggling economy Pakistan is looking towards the Gulf…
For economic growth strong IPR system required Karachi business leaders are advocating for a strong intellectual property rights (IPR) system…
Product tankers in Asia to keep benefiting from Australian demand Product tankers and more specifically, MRs are to keep benefiting…
KP to Launch Wheat/Atta Supply Chain System Ahead of Ramadan: The Food Department and Khyber Pakhtunkhwa Information Technology Board (KPITB)…
Wheat production to remain good as temperature unlikely to impact the crop With the procurement of wheat during last season…
Kuwait: gas half full Late in January, Jasem Albudaiwi was appointed secretary general of the Gulf Cooperation Council (GCC). A…
Saudi prince launches $100mn tech house in Pakistan Prince Fahad bin Mansour Alsaud has formally launched the Saudi-Pakistan Tech House…
Newbuildings still in demand Newbuilding activity has kept its momentum over the past week, while S&P deals seem to have…
ITCN Asia ’23 Explores the Future of Technology and Innovation: The conference was a gathering of Pakistan’s tech ecosystem, including…
Meat, dairy and rice production will bust 1.5c climate target Emissions from the food system alone will drive the world…
Dubai chambers’ membership grows by 20pc to 347,600 Dubai International Chamber opened four new international offices in 2022, growing its…