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In The News

India

YES BANK GETS ANOTHER $150 MN FROM OPIC TO FUND SME LENDING New Delhi, July 13 Private sector Yes Bank has received another round of USD 150 million funding from US government and Wells Fargo to fund SME lending. This …

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Pakistan

IMF, PAK FAIL TO SEE EYE TO EYE IN ASSESSMENT OF ECONOMY Pakistan and International Monetary Fund (IMF) remained poles apart in their assessment of the country’s economy, as Islamabad took an optimistic view of the external and fiscal sector …

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Shipping

BALTIC INDEX INCREASES ON HIGHER RATES ACROSS ALL SEGMENTS The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday, helped by higher rates across all vessel segments. The overall index, which factors …

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Commodity

WORLD OIL HEADS FOR 5PC WEEKLY GAIN Oil prices rose on Friday, as reports of supply issues in Nigeria and a higher forecast for crude demand helped to set prices on track for a fifth straight day of gains and …

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Technology

PAKISTAN: SAFE CITY PROJECT ALLOCATING TO HUAWEI WILL DO IT AT A TISK OF PROJECTS BEING LEFT: Chairman Consumer Rights Protection Bureau Dr Jamal Mirza has said that American government is expanding investigation into Huawei breaking trade control Laws on …

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Gulf

GOLD HITS BIGGEST FALL SINCE MARCH Dubai: More bargains await jewellery fans who will hit the shops in Dubai this week, as the bullion remains weak and looks set to tumble further. Gold jewellery prices in Dubai continued to fall …

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Technology

PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is working to let owners of Google Home use Bluetooth streaming. It will be available soon on Google Home, which lets …

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Gulf

UAE SCHOOL FEES ‘SECOND HIGHEST IN THE WORLD’: HSBC STUDY Dubai: Education in the UAE doesn’t come cheap. Parents in the country shell out nearly half a million dirhams in their lifetime just to ensure their child gets the full …

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Commodity

OIL PRICES SLUMP ON RISE IN US OUTPUT Oil prices fell by more than 1 percent on Friday, with US crude futures dipping below $45 per barrel as news of a rise in US production added to earlier reports that …

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Shipping

BALTIC INDEX DECLINES FOR FIFTH STRAIGHT SESSION The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped for the fifth straight session on Wednesday, hurt by lower rates for larger vessels and supramax. The …

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