Despite IMF loan, China stays country’s lifeline Pakistan will meet a dozen conditions in six months to stay in the…
Browsing: In The News
PAKISTAN NEWS: Samsung is ordering millions of OLED tv screens from LG: Samsung is reportedly negotiating a large order of…
U.S. ethanol production up, stocks down The U.S. Energy Information Administration says production averaged 975,000 barrels a day, up 10,000…
Dubai chamber webinar series promotes Dubai as an ideal hub for African businesswomen Dubai Chamber of Commerce and Industry recently…
State Bank likely to maintain status quo Pakistan central bank is scheduled to meet on Friday (March 19) to determine…
Global Maritime Industry Scrap prices should rise in order to attract more tonnage says shipbroker An underwhelming demolition market has…
PAKISTAN NEWS: Mobile banking transactions cross Rs 1 trillion for the first time: The use of mobile banking witnessed tremendous…
Commodities In 2021 How India’s rice production can adapt to climate change challenges As the global population grows, the demand…
Abu Dhabi fund, CVC, among suitors for $1b NMC Abu Dhabi state-owned holding company ADQ and private equity firm CVC…
Trade deficit widens 24pc in Pakistan Pakistan exports have plunged for the successive second month to slightly over $2 billion…
Lack of tonnage prevalent in the demolition market Alack of tonnage is becoming evident in the ship recycling market, as…
Pakistan News: IT ministry approves projects worth Rs4.8 billion: The Departmental Development Working Party (DDWP) of the Ministry of Information…
Heavy rain dampens Bangladesh rice production Heavy rain has impeded Bangladesh’s rice production for the 2020-21 marketing year, according to…
ADGM office of data protection first in Gulf to join IECWG The Office of Data Protection (ODP) of Abu Dhabi…
Pakistan: coal gasification Pakistan imports more than 45 percent of its total energy requirement annually. With dwindling gas resources and…
Moody’s: global shipping industry’s strong performance in 2020 set to continue Although the container shipping industry was hit hard by…
PAKISTAN NEWS: Pakistan finally develops its own e-voting machine: The Federal Minister for Science and Technology, Chaudhry Fawad Hussain, recently…
Sugar prices to remain high on fall in production The Government of Pakistan may not succeed in bringing sugar prices…
Middle east economies will reach 2019 gdp level in 2022: IMF The Middle East region will lag the other regions…
Pakistan takes initiatives to boost bamboo production Pakistan has decided to become a full member of the International Network on…
Bio-lng fuel seen as ‘prime pathway’ to carbon neutrality The gradual introduction of bio-LNG alongside synthetic LNG is expected to…
PAKISTAN NEWS: Senate committee just tried to ban online games that aren’t even online: A parliamentary panel was informed on…
US whole wheat flour output falls in 2020 Whole wheat flour production in 2020 totaled 20.12 million cwts, down 10…
Qatar airways will start flights to Dubai and Abu Dhabi shortly Qatar Airways will resume flights to the UAE, starting…
Government plans to sell 10 additional entities The Pakistan Tehreek-e-Insaf (PTI) government is considering privatising 10 more entities including Zarai…
New quality standard and ngo for dry bulk sector launched Supported by the International Chamber of Shipping (ICS) and Bimco,…
PAKISTAN NEWS: Navigating the digital transformation route for Pakistan: Digital transformation is the integration of digital technology into most, if…
Global milk supply growth forecast to slow in 2021 Despite the disruption to food markets by coronavirus early in the…
Dubai benchmark gained for a third successive session The Gulf biggest lender Qatar National Bank was the top gainer on the…
Deadline expires, but Riyadh yet to sign debt suspension pact with Islamabad Saudi Arabia has not signed a formal agreement…
Global Maritime Industry Ocean shipping companies lead the fight against the empty container build-up The willingness of shipping lines to…
PAKISTAN NEWS: PTCL, Avaya partner to enable blended work environment with launch of avaya spaces: Pakistan Telecommunication Company Limited (PTCL)…
Defra cut UK harvest 2020 wheat production estimate: feed market report UK ex-farm grain prices gained throughout December. With spot…
DP World, Senegal sign agreement to develop Ndayane port DP World, and the Government of Senegal, have signed agreements for…
Microfinance recoveries stall The microfinance sector of Pakistan is currently undergoing a recovery from the dent endured during the Covid-19…
Dry bulk market expected to rebound during 2021 The dry bulk market could be heading towards a renewed wave of…
PAKISTAN NEWS: Chinese names dominate smartphone market in Pakistan in 2020: The smartphone market has been constantly growing for the…
Commodity markets in 2020 The mystery behind rising iron ore prices Over the past couple of months, the steel industry…
Dubai holding’s Madinat Jumeirah living on track for handover Dubai Holding’s flagship residential development, Madinat Jumeirah Living, an exclusive freehold…
LNG spot market cold-shoulders in the country In a major setback to gas-starved consumers, Pakistan could not get even a…
Tanker market looking for direction post-OPEC+ Shipping is eagerly awaiting for the impact of OPEC’s decision in the oil market…
PAKISTAN NEWS: Govt approves a major relief package for private schools: The federal government has approved a relief package for…
Sugar mills start production The new stock is expected to curb the price of the commodity and tame the inflation…
Saudi to invest $20 billion in AI by 2030 -Pakistan & Gulf Economist Saudi Arabia announced Thursday it will invest…
Producing generation of skilled workers Pakistan has quite a few competencies in abundance. Among those, population tops the charts. However,…
Shipping bodies call on Jeff Bezos to take a stand for stranded seafarers at industry round table The leaders of…
Pakistan News: Govt to provide the latest version of e-office for provinces: The federal government has decided to provide the…
Tanzanian tea import can save millions As one of the biggest tea importers around the world, Pakistan can save millions…
UAE job market signals rebound with 9.5pc hiring surge in Oct Job market in the UAE signalled a gradual turnaround…
POL sales hit 2-year high The sales of petroleum oil products in Pakistan hit two-year high level of 1.7 million…
Newbuilding activity showing signs of “life” Most of the activity these days is centered around the S&P market, with ship…
PAKISTAN NEWS: Govt to regulate digital assets, virtual assets and cryptocurrencies: The Securities and Exchange Commission of Pakistan (SECP) has…
Commodity Markets In 2020 Ways to invest in iron ore Australia is the largest producer of iron ore by far,…
Oman exempts key sectors from 5pc vat Gulf: Oman has exempted some key sectors such as healthcare, education and finance…
Wapda decides to build Rohtas Dam Pakistan Water and Power Development Authority (Wapda) has decided to build Rohtas dam in…
Dry bulkers in demand Dry bulk carriers have been in high demand recently, as ship owners looked to capitalize on…
PAKISTAN NEWS: PITB is developing Punjab labor app for small businesses: The Punjab Labour & Human Resource Department (PL&HRD) is…
Grains-wheat falls 1pc, but losses limited by global output worries U.S. wheat futures fell 1 percent on Thursday, as traders…
Top UAE banks resilient despite profit fall The first-half profit of the top 10 listed UAE banks declined at an…
SBP reserves fall $205mn to $12.15bn The foreign exchange reserves held by the central bank declined 1.7 percent on a…
Tankers steal the show among newbuilding contracting Ship owners turned to tanker ordering over the course of the past week.…
PAKISTAN Record time and money spent using mobile apps in q3 2020: Lockdowns are starting to end and fewer people…
World Commodities Trading OPEC: oil demand will grow until late 2030s OPEC expects global oil demand will exceed the pre-pandemic…
UAE-Israel peace treaty could boost tourism and tech sectors The normalisation of relations by the UAE and Bahrain with Israel…
Digitisation to assist economy recover The danger of a second wave of Covid-19 pandemic is still looming in Pakistan while…
Ship owners looking for more deals in the dry bulk segment Ship owners are actively looking for more deals in…
PAKISTAN NEWS: Cheaper Tesla ready ‘in about three years’: Tesla founder Elon Musk has announced technology that he says will…
Commodity markets in 2020 Oil prices slide on Libyan export talks, surging European virus cases Oil declined as Libya signaled…
Jebel Ali port welcomes container ship HMM GDANSK on maiden visit Gulf: DP World’s flagship Jebel Ali Port has welcomed…
Traders fear 10pc drop in Sept exports Traders have voiced fear that Pakistan’s export revenues will decline further in the…
An EU ETS for shipping would undermine a global GHG solution Yesterday the World Shipping Council published a paper highlighting…
Pakistan News: Cyber crimes increased by 120pc in year: National Assembly Standing Committee on Information Technology and Telecommunication has decided…
Commodity Markets In 2020 Sugar industry needs to outsource field production, upgrade technology Sugarcane is one of the highest yielding…
GPT ready to welcome students with strict safety measures Gulf Pinnacle Transport (GPT) has announced that it is ready to…
Unpredictable export growth in pandemic The numbers on the trade pattern published by the Pakistan Bureau of Statistics (PBS) for…
The end of the US shipping tax exemption for Hong Kong On 19 August 2020, the US State Department announced…
PAKISTAN NEWS: Pak air force starts working on AI to improve warfare capabilities: Aiming to increase the usage of Artificial…
Crude oil demand reaches plateau Global oil demand growth is expected to taper off, Julianne Geiger said quoting the latest…
Dubai’s tourism and hospitality sectors see rebound Dubai’s tourism and hospitality sectors are slowly but surely making their way into…
Govt restricts budget deficit to Rs3.4tr The Pakistan Tehreek-e-Insaf (PTI) government has managed to restrict overall budget deficit to below…
Worldwide shipping industry “In the doldrums” International Experts revealed that few new vessels are built and the scrapping rate is…
World Commodities Trading Oil prices and consumption A huge number of pundits and organizations have trumpeted the idea that the…
Dubai’s external food trade reaches dh32b in first half of 2020 Dubai’s external food trade volumes in the first half…
State Bank Of Pakistan extends scope of refinancing scheme The State Bank of Pakistan (SBP) has enhanced the scope of…
“Sink or swim” In both China and India, international experts revealed that, percentage growth in the population moving into the…
PAKISTAN NEWS: South Karachi district to become completely wireless soon: In an attempt to end the nuisance for commuters and…
Commodity Market In 2020 Global coal consumption According to the Energy Information Administration (EIA), combustion of coal emits about 210…
The doctor is online: UAE digital hospital ready for download by August Seeing a doctor in front of a smartphone…
COVID-19 raises digital economy, e-commerce in Pakistan Pakistan’s e-commerce and digital economy has received a huge sales boost during the…
“Knowing the ropes” International report revealed that with growth rates of 4percent in the Western world and 8percent in China…