ETIHAD AIRWAYS SWINGS TO $1.87B LOSSES Dubai: Etihad Airways reported on Thursday $1.87 billion in net losses for 2016, a…
Browsing: News
GOLD STEADY AHEAD OF US GDP DATA Gold steadied on Friday after retreating from a more than six-week high hit…
BALTIC INDEX INCREASES ON HIGHER CAPESIZE RATES The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
ICCI WANTS UNIFORM ‘NATIONAL ST’ Islamabad Chamber of Commerce and Industry (ICCI) President Khalid Iqbal Malik urged the government to…
MARUTI Q1 NET PROFIT GROWS 4.4% TO RS 1,556 CRORE Maruti Suzuki, the country’s top-selling car maker, posted a quarterly…
PAKISTAN: PAKISTAN IS ATTENDING A MICROSOFT GLOBAL PARTNER EVENT ‘INSPIRE’: A 16-member delegation of IT professionals from Pakistan is attending…
HOW THE ‘RICH KIDS’ OF DUBAI ARE SPENDING THEIR FORTUNES Dubai: In today’s era of Instagram, Facebook and social media,…
GOLD, SILVER INCHES DOWN ON WORLDWIDE CUES Precious metals gold and silver were trading in red in the early trade…
DISAPPEARING SHIPYARDS: NOT MUCH OF A MYSTERY? At the beginning of 2009, close to the peak of the current shipbuilding…
CURRENCY: PKR STRENGTHENS AGAINST $ The rupee strengthened against the dollar at 105.25/105.45 in the inter-bank market on Friday compared…
SHAH RUKH KHAN, BACHCHAN FAMILY AND AJAY DEVGN GET ED NOTICES OVER FOREX REMITTANCES MUMBAI: It’s not just Shah Rukh…
YES BANK GETS ANOTHER $150 MN FROM OPIC TO FUND SME LENDING New Delhi, July 13 Private sector Yes Bank…
IMF, PAK FAIL TO SEE EYE TO EYE IN ASSESSMENT OF ECONOMY Pakistan and International Monetary Fund (IMF) remained poles…
BALTIC INDEX INCREASES ON HIGHER RATES ACROSS ALL SEGMENTS The Baltic Exchange’s main sea freight index, tracking rates for ships…
WORLD OIL HEADS FOR 5PC WEEKLY GAIN Oil prices rose on Friday, as reports of supply issues in Nigeria and…
PAKISTAN: SAFE CITY PROJECT ALLOCATING TO HUAWEI WILL DO IT AT A TISK OF PROJECTS BEING LEFT: Chairman Consumer Rights…
GOLD HITS BIGGEST FALL SINCE MARCH Dubai: More bargains await jewellery fans who will hit the shops in Dubai this…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
UAE SCHOOL FEES ‘SECOND HIGHEST IN THE WORLD’: HSBC STUDY Dubai: Education in the UAE doesn’t come cheap. Parents in…
OIL PRICES SLUMP ON RISE IN US OUTPUT Oil prices fell by more than 1 percent on Friday, with US…
BALTIC INDEX DECLINES FOR FIFTH STRAIGHT SESSION The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
PAK ORDERS SHELL SUBSIDIARY TO PAY $2.4 MN FOR BAHAWALPUR TANKER BLAST Pakistan’s oil and gas regulator on Friday ordered…
AIR INDIA LAUNCHES DELHI-WASHINGTON FLIGHT NEW DELHI: State-owned Air India on Thursday launched its first flight to Washington DC from…
PAKISTAN: UBER ALLEGEDLY HACKED! MULTIPLE USERS TWEETING ABOUT UNJUST CHARGES MADE ON UBER ACCOUNT: Despite company’s strong security claims, Uber…
QATAR INTELLIGENCE OFFICER ADMITS TO SABOTAGING THE UAE Doha: A report broadcasted on Abu Dhabi TV on Thursday featured video…
OIL PRICES SPRING BACK World oil prices rose on Thursday, a day after hitting 10-month lows, but market sentiment remained…
SHIPPING CONFIDENCE HITS 3-YEAR HIGH Shipping confidence reached its equal highest rating in the past three years in the three…
C/A DEFICIT WIDENS 178%, STANDS AT $8.93B Pakistan’s current account deficit (CAD) widened by a massive 178% in the first…
SELECT PULSES REMAIN WEAK ON MUTED DEMAND New Delhi, Jun 23 () Select pulses led by urad fell by up…
PAKISTAN: GALAXY NOTE 8 COULD BECOME THE FIRST SMARTPHONE TO BE POWERED BY QUALCOMM’S SNAPDRAGON 836 SOC: Leaked Specifications of…
RATE HIKE AND FUTURE GUIDANCE POINT TO HIGHER COST OF FUNDS IN GCC The Central Bank of UAE late on…
OIL PRICES EDGE UP FROM 2017 LOWS Oil prices edged up from 2017 lows on Friday but remained on track…
BALTIC MAIN INDEX EDGES DOWN ON WEAKER CAPESIZE RATES The Baltic Exchange’s main sea freight index, tracking rates for ships…
SBP’S RESERVES FALL 2.61PC, AMOUNT TO $15.3B Foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased 2.61%…
HERO MOTOCORP’S PAWAN MUNJAL TAKES HOME RS 59.66CR PAY IN FY17 New Delhi, Jun 16 () Hero MotoCorp Chairman, MD…
PAKISTAN: INTEL’S CORE-X SERIES WILL BE SEEING STAGGERED LAUNCH: CORE I9-7900X AND BELOW READY TO LAUNCH, CORE I9-7920X THROUGH 19-7980XE…
BUYERS LINING UP FOR DUBAI’S READY PROPERTIES Even ready properties in Dubai are getting right into the thick of sales…
SCIENTISTS DISCOVER RARE EARTH METALS Japanese scientists have discovered a vast geological deposit rich in rare metals that can be…
BALTIC EXCHANGE SNAPS 16-SESSION LOSING STREAK The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk…
PM MEETS AFGHAN PRESIDENT ON SIDELINES OF SCO SUMMIT Prime Minister Nawaz Sharif met Afghan President Ashraf Ghani on the…
INDIA SEES $1 TRILLION DIGITAL ECONOMY BY 2022 The information technology (IT) industry, which is reeling under pressures from key…
PAKISTAN: GOOGLE SAYS IT WOULD COST TOO MUCH TO GATHER WAGE GAP DATA: The department of labor will keep bothering Google…
DOS AND DON’TS FOR TAKING PICTURES ON AIRPLANES Dubai: It seems mundane enough – you hop on an aircraft, and…
IRON ORE FALLS AS FUTURES PLUNGE The spot price of iron ore dropped, extending last week’s selloff, paced by a…
BALTIC INDEX DOWN FOR TWELFTH STRAIGHT SESSION The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
WORLDWIDE FIRMS COMPETE TO SET UP CONVERTER STATION IN PAKISTAN The four countries that are part of the Central Asia-South…
RESPECT HUMAN RIGHTS, DIGNITY, NHRC TELLS BUSINESSES KOLKATA: The National Human Rights Commission (NHRC) in collaboration with the Confederation of…
PAKISTAN: IPHONE 8 RELEASE DATE, SPECS, RUMOURS, AND PRICE: Apple has major iPhone redesign planned for 2017, the new iPhone…
MASHREQ MARKS 50 GOLDEN YEAR OF SERVICE His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of…
EDIBLE OIL PRODUCERS WORRIED OVER 5PC GST Oilseeds will attract 5 percent tax under goods and services tax, unlike most…
NEWBUILDING PRICES GROWING TREND CONTINUES The slumping days of the newbuilding ordering market seem to be over. Prices have been…
PKR 916 MN EARMARKED FOR PRIME MINISTER OFFICE The federal government has proposed Rs916 million for the Prime Minister Office…
BANKS WRITE OFF BAD LOANS PUNE: All scheduled commercial banks (SCBs) wrote off Rs 2,25,180 crore cumulatively in the five-year…
PAKISTAN: ZTE IS EXPANDING ITS PARTNERSHIP IN PAKISTAN TO EXTEND DIGITAL TELEVISION SERVICES: China’s ZTE is expanding its partnership in…
UAE DIGITAL INVESTMENT Dubai: In three years, the UAE has grown the size of its investment in technology from $35…
OIL SLIPS AFTER TURMOIL SURROUNDING DONALD TRUMP Oil is getting ensnared in the turmoil surrounding Donald Trump just as signs…
BALTIC INDEX DOWN FOR THIRD STRAIGHT DAY The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
NEC APPROVES PKR 2.5TR FOR DEVELOPMENT OUTLAY The National Economic Council (NEC) on Friday approved the new financial year’s economic…
GST IMPACT ON SERVICES AND PRODUCTS SRINAGAR: Telephone bills, insurance and banking services, business-class air travel and sale of newspaper…
PAKISTAN: IPHONE 8 COULD FEATURE A HORIZONTAL EDGE-TO-EDGE DISPLAY – AIRPODS COULD BE BUNDLED: The iPhone 8 might be using…
BUDGET DEFICIT OF SAUDI ARABIA Riyadh, Dubai: Saudi Arabia’s first-quarter deficit narrowed on higher oil revenue, boosting the government’s efforts…
WORLD OIL TO RISE FASTER, US OUTPUT TO HIT A RECORD The Energy Information Administration (EIA) said last week, US…
GLOBAL’S DIRTIEST FUEL SEEN HOLDING OUT EVEN AS SHIPS CLEAN UP Even as the owners of ships carrying everything from…
TO HELP PAKISTAN RISE EXPORTS, THESE CIVIL SERVANTS WILL MAKE UP TO RS120,000 MORE The government has decided to hand…
RICE BASMATI, WHEAT WEAKEN ON REDUCED OFF TAKE New Delhi : Rice basmati and wheat prices fell by up to…
PAKISTAN: ZONG ENTERS INTO STRATEGIC PARTNERSHIP WITH UBL: Zong has entered into a strategic partnership with United Bank Limited. The…
UAE’S NEW PROJECTS After weathering the turbulence caused by low oil prices, the UAE has managed a soft landing with…
GOLD LOGS LOWEST END IN A MONTH Gold prices closed on Wednesday at their lowest level in about a month,…
BALTIC INDEX DOWN FOR 11TH STRAIGHT SESSION The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
RUPEE STABLE AGAINST DOLLAR: KAMAL The rupee remained stable against the dollar at 104.4/104.6 in the inter-bank market on Friday…
LPG PRODUCTION New Delhi: The government is eyeing close to Rs 30,000-crore investment for expansion of LPG production and distribution…
PAKISTAN: PTA INVITED APPLICATION FROM INTERESTED IN ESTABLISHING AN ELECTRONIC PLATTFORM: Pakistan Telecommunication Authority ( PTA ) has invited application…
DUBAI WEEK IN CHINA Dubai: The annual “Dubai week in China” will take place this year in Shenzhen, considered one…
EDIBLE OIL PRODUCERS TO CUT PRICES BY 15PC In a major relief for consumers, edible oil producers are looking to…
BALTIC DOWN ON WEAKER PANAMAX, SMALLER VESSEL RATES The Baltic Exchange’s main sea freight index, tracking rates for ships carrying…
PETROL, DIESEL RATES LIKELY TO BE CUT BY RS1/LITRE Consumers of petrol and diesel are likely to get relief as…
BAD CORPORATE DEBT New Delhi: The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but…
PAKISTAN: PTA INVITED APPLICATION FROM INTERESTED IN ESTABLISHING AN ELECTRONIC PLATTFORM: Pakistan Telecommunication Authority ( PTA ) has invited application…
RISING OIL PRICES Dubai: World oil market is expected to see a partial recovery in 2017 and 2018 in light…
GOLD, SILVER RECORD LOWER Gold and silver prices on the Multi Commodity Exchange (MCX) were trading lower in early trade…
DRY BULK MARKET SPRINGS A SURPRISE – BUT SWEATS ON SLOWER 2ND HALF Maritime Strategies International (MSI), a leading independent…
RUPEE GAINS AGAINST DOLLAR The rupee strengthened against the dollar at 104.5/104.7 in the inter-bank market on Friday compared to…
NEW BANK NOTE OF DENOMINATED OF RS200 India’s supreme banking authority, the Reserve Bank of India (RBI), has cleared a…
PAKISTAN: GOOGLE SAYS IT WOULD COST TOO MUCH TO GATHER WAGE GAP DATA: The department of labor will keep bothering Google…
OIL PULLS BACK AS TRADERS EYE CUSHING BUILD, U.S. CRUDE SUPPLY Oil futures fell on Wednesday, pulling back after eight…
GCC TO KEEP PACE WITH FED’S TIGHTENING POLICY The gcc’s monetary policy of keeping up with the Joneses is firmly…
ASIA FUEL OIL-SPREADS FLIP TO CONTANGO AS AMPLE SUPPLIES OVERCOME BULLISH IMPETUS The near-dated market structure of 380-cst fuel oil…
TENDER FOR NEW POLICE UNIFORM GIVEN IN ACCORDANCE WITH PPRA RULES: LHC SAID The Lahore High Court was informed on…
DAILY REVISION OF PETROL PRICES NEW DELHI: State-run fuel retailers will revise petrol and diesel prices daily in five cities…
PAKISTAN: IPHONE 8 RELEASE DATE, SPECS, RUMOURS, AND PRICE: Apple has major iPhone redesign planned for 2017, the new iPhone…