PROTECTIONISM TO HIT GLOBAL ECONOMY-WARNS UAE Economic openness and free markets have been an incentive for the growth of economies,…
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OIL PRODUCTION VITAL FIGURES IN MARCH 2017 In February, OPEC remained largely compliant with the production cuts, with OPEC 12…
BALTIC INDEX POSTS BIGGEST DAILY PERCENTAGE DECLINE IN 2 MONTHS The Baltic Exchange’s main sea freight index, tracking rates for…
CONSUMERS TO FACE ENERGY OUTAGES IN RAMAZAN Pakistan Muslim League-Nawaz (PML-N)’s much-trumpeted election agenda was to eliminate energy shortages from…
INDIAN FERTILIZER COMPANIES CONCERN OVER 20 PERCENT CUT OF SUBSIDIES MUMBAI: Indian fertilizer companies will soon raise potash prices after…
PAKISTAN FIA ARRESTS THREE IN SOCIAL MEDIA BLASPHEMY CASE: The Federal Investigation Agency (FIA) on Friday arrested three individuals in…
39,000 TOYOTA CARS IN UAE MAY HAVE AIRBAG TROUBLE Al Futtaim Motors, the exclusive distributor of Toyota in the UAE…
OIL FALLS AFTER THREE-DAY RALLY Oil prices fell on Friday after a three-day rally ran out of steam due to…
BALTIC INDEX TOUCHES OVER 2-YEAR HIGH The Baltic Exchange’s main sea freight index, which tracks rates for dry-bulk carriers, hit…
WEEK-ON-WEEK: SPI FALL 0.19PC The Sensitive Price Indicator (SPI) for the week ended March 30, 2017 registered a decrease of…
REVENUE FALLS DUE TO TARIFF WAR AMONG TELECOM OPERATORS NEW DELHI: The government has taken cognisance of the fall in…
PAKISTAN: GSMA CALLS ON PAKISTAN GOVERNMENT TO UNLOCK ITS DIGITAL FUTURE: The GSMA today set out a number of measures…
FED RATE HIKE POSITIVE FOR GCC The impact of the Federal Reserve’s rate rise will be broadly positive for the…
US APPROVES TRANSCANADA KEYSTONE XL PIPELINE US President Donald Trump’s administration approved TransCanada Corp’s Keystone XL pipeline on Friday, cheering…
DRY BULK CAPESIZE RATES TO REMAIN FIRM Freight rates for large capesize dry cargo vessels on key Asian routes, which…
PUNJAB GOVT TO SLAP BAN ON IMPORT OF TYRE SCRAP Punjab Minister of Industries, Commerce and Investment Sheikh Alauddin has…
US BANS DRUG PRODUCTION SITE IN INDIA MUMBAI- U.S. health regulators have banned a drug production site in India belonging…
A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is working…
VAT TO AFFECT BANKS The UAE and GCC banks that are facing increased regulatory burden from Basel III capital requirements…
OIL PRICES SOAR AFTER DROP IN US STOCKPILES Crude oil prices rose on Thursday to extend gains from the previous…
BALTIC INDEX UP FOR TENTH STRAIGHT SESSION ON HIGHER CAPESIZE RATES The Baltic Exchange’s main sea freight index, tracking rates…
RELATIONS WITH PAK DEEPENING: TAJIKISTAN President of the Republic of Tajikistan Emomali Rahmon expressed his satisfaction with the strengthening and…
ANTI-DUMPING DUTY ON IMPORT OF CHEMICALS FROM CHINA, IRAN, & QATAR New Delhi: India may impose anti-dumping duty of up…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
TRAVEL BAN, EMIRATES BOOKING DIPS BY 35 PERCENT Emirates, the world’s largest long-haul carrier, said it was concerned President Donald…
OIL PRICES SPRING BACK Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with…
CAPESIZES HEADED FOR SCRAP DESPITE MARKET REBOUND In what could only be described as a more than positive omen for…
SINDH GOVERNMENT TO LAUNCH ‘CITY BUS SERVICE’ IN KARACHI The Sindh government announced on Tuesday it was launching a City…
STEEL, CEMENT PRICES SURGING IN INDIA BENGALURU: Steel and general metals prices have gone up by around 30% each in…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
PROPERTY PRICES FALL IN ABU DHABI Prime and mid-prime villa values in Abu Dhabi are anticipated to fall by at…
GOLD INVESTORS GET A WAKE UP CALL AS US RATE-HIKE ODDS SURGE Gold investors are waking up to the reality…
BALTIC INDEX INCHES HIGHER The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged…
STATE BANK PRIORITISES TRADE WITH IRAN, SAYS GOVERNOR State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has said that…
DEMONETISATION AFFECTS CAR SALES CHENNAI: The withdrawal of old 500 and 1,000 rupee notes affected automobile sales in north and…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
GCC FOOD CONSUMPTION TO RISE The GCC is all set to witness growth in food consumption on increased consumer base…
OIL PRICES RISE AFTER DROP IN US INVENTORIES Oil prices rose on Thursday after US data showed a surprise decline…
HIGHER SHIPPING RATES PUSH BALTIC INDEX UP The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
OGRA SETS LPG PRICE AT RS910/CYLINDER As against the petroleum ministry recommended prices of Rs1,100 per 11.8kg LPG cylinder, the…
ECONOMIC GROWTH SLOWS DOWN India’s economy is expected to have slowed sharply to a near three-year low in the final…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
UAE CENTRAL BANK DIRECTS BANKS TO LEND MORE TO SMES DUBAI The Central Bank of the UAE has issued draft…
GOLD CLOSES UP AFTER CHOPPY TRADING SESSION Gold prices ended a choppy, two-sided trading session on the upside Wednesday. The…
SHANGHAI PORT STARTS 2017 WITH A 12PC SURGE China’s busiest port, Shanghai, handled 3.3 million TEU in January, a 12.2…
WORK ON 83.4MW KURRAM TANGI DAM BEGINS IN NWA The WAPDA has started work on the multi-faceted Kurram Tangi Dam…
DIGITAL WALLET COMPANIES HAVE NO FUTURE Mumbai: HDFC Bank MD Aditya Puri took a jibe at Paytm and other digital…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
BUDGETARY CUTS IN GCC Fitch Ratings has forecast an oil price scenario of an average $45 per barrel in 2017…
PAK-TURKISH RELATIONS TURNING INTO SUSTAINED ECONOMIC COOPERATION: CHIEF Chief Minister Muhammad Shehbaz Sharif on Friday said that Pakistan-Turkish relations were…
EUROPEAN EDIBLE OILS MARKET TO CROSS US$38BN BY 2022 The edible oils market in Europe is anticipated to cross US$38…
TANKER ORDERING ACTIVITY PICKS UP, ALBEIT AT SLOW PACE Newbuildings are still hard to come by in today’s market. However,…
ON AN AVERAGE 300 BANK EMPLOYEES SUSPENDED ANNUALLY FOR ACCOUNT FRAUDS BENGALURU: The post-demonetisation scrutiny of bank employees may have…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
STRONG SEASON LIFTS CRUDE OIL TANKERS From a crude oil market perspective, 2016 can be summed up as “eventful”. In…
STRONG PRIVATE SECTOR TO HELP GCC TO SAVE $165 B IN CAPITAL SPENDING GCC countries collectively can save up to…
OIL & COAL DEMAND COULD PEAK BY 2020 A drop in the cost of solar and electric vehicle technology could…
NEPRA-MINISTRY WAR OF WORDS INTENSIFYING The war of words between Ministry of Water and Power and National Electric Power Regulatory…
BOND MARKET REMAINS VOLATILE Government bond market witnessed high volatility on the Budget day but at close the benchmark yield…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
CAPESIZE MARKET KEEP STRUGGLING The beleaguered dry bulk market has now entered its third year of crisis, in what could…
QATAR INVESTMENT IN RUSSIA Qatar’s investments in Russia will further strengthen ties between the Organisation of the Petroleum Exporting Countries…
WORLD WHEAT PRODUCTION TO DECLINE IN 2017-18 In its preliminary outlook for 2017-18 world wheat supply and demand, the International…
PKR: RATES INERT Rates were almost unchanged on the money market on Friday as the rupee sustained overnight levels against…
TRADE DEFICIT IN THE RANGE OF $100-110B MUMBAI: The country’s trade deficit which improved by 25 per cent in the…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
NEWBUILDING ACTIVITY RETURNS BUT ON ‘SNAIL PACE’ It seems that the trend set in 2016, when newbuilding orders hit a…
KUWAIT PLANS TO MANAGE ITS OWN ASSETS AS WORLD’S FIFTH LARGEST SOVERIGHT WEALTH Davos, Dubai: Kuwait Investment Authority is planning…
PKR: LITTLE CHANGES The rupee moved slightly in relation to the dollar on Friday in the process of trading, Kamal…
CHINA SCRAPS MORE THAN 100 POWER PLANTS China has announced plans to cancel more than 100 coal plants currently in…
DROUGHT HITS SUGAR PRICES IN INDIA The two years of drought and climate-related challenges are creating a whiplash in sugar…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
NATIONAL BANK OF OMAN Q4 NET PROFIT SLIPS 19.9PC Dubai: National Bank of Oman (NBO), the sultanate’s third-largest lender by…
OIL RATES STUMBLE AFTER STRONG JUMP IN US CRUDE STOCKS Crude prices slipped Thursday after data showed a stronger-than-expected increase…
ROCKY PATH AHEAD FOR ASIA TANKER MARKET Asia’s crude tanker market faces the double whammy of a flood of newbuild…
PKR: RATES ALMOST UNCHANGED Steadier trend was witnessed on the money market on Friday in the process of trading, Kamal…
AIRTEL PAYMENTS BANK OFFERS 7.25PC INTEREST NEW DELHI: Airtel Payments Bank on Thursday launched nationwide operations, offering 7.25% interest on…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
COST OF LIVING IN ABU DHABI TO RISES AS MUNICIPALITY FEE KICKS IN Abu Dhabi: The municipality fee on tenants…
GOLD RISES NEARLY 4-WEEK HIGH Gold rose to the highest in nearly four weeks on Wednesday as the dollar edged…
SULPHUR OIL AND BALLAST WATER TREATMENT SET RULE FOR VESSELS NOW Shipowners around the world are faced with increasing costs,…
PETROLEUM LEVY: FIA RECOVERS RS 440 MN FROM OMCS Federal Investigation Agency (FIA) has made significant progress in investigation into…
WRAP UP RS 70,000 CRORE AIR INDIA SCAM PROBE BY JUNE, SC SAYS CBI NEW DELHI: The Supreme Court ordered…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
UAE URGES OPEC TO DECLARE PLANS OF CUTTING PRODUCTION Abu Dhabi: The UAE energy minister urged Opec (Organisation of the…
OIL FUTURES RETREAT FROM 17-MONTH HIGH Oil futures fell from the highest close in 17 months on Wednesday as an…
ASIA-EUROPE CONTAINERS RATE GROWS Spot rates for shipping containers from Asia to northern Europe rose 4.3 percent to US$1,049 per…
WELCOME NEW YEAR 2017: KAMAL People are ready to welcome New Year 2017 with a lot of spirit and joy…
BANKS TO SLASH INTEREST RATE MUMBAI: Nudged by the government, banks are poised to slash interest rates in the next…