In The News – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Tue, 18 Sep 2018 09:24:33 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.8 Gulf http://www.pakistaneconomist.com/2018/09/17/gulf-38-18/ http://www.pakistaneconomist.com/2018/09/17/gulf-38-18/#respond Sun, 16 Sep 2018 19:21:32 +0000 http://www.pakistaneconomist.com/?p=20451 UAE banking sector tops in GCC with h1 assets surging to dh2.7t The UAE banking sector, currently undergoing a new cycle of consolidation, continues to surpass GCC peers in terms of total assets that had surged two per cent to Dh2.7 trillion ($748 billion) in the first half. The Saudi banking sector came second with …

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India http://www.pakistaneconomist.com/2018/09/17/india-38-18/ http://www.pakistaneconomist.com/2018/09/17/india-38-18/#respond Sun, 16 Sep 2018 19:20:17 +0000 http://www.pakistaneconomist.com/?p=20449 Relief on inflation continues! August WPI eases to 4-month low at 4.53% Inflation based on wholesale prices eased to a four-month low of 4.53 per cent in August on softening of prices of food articles, especially vegetables. The Wholesale Price Index (WPI) based inflation stood at 5.09 per cent in July and 3.24 per cent …

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Pakistan http://www.pakistaneconomist.com/2018/09/17/pakistan-38-18/ http://www.pakistaneconomist.com/2018/09/17/pakistan-38-18/#respond Sun, 16 Sep 2018 19:19:22 +0000 http://www.pakistaneconomist.com/?p=20450 FDI drops 35pc as investors wait for economic policy changes Foreign investors largely remained shy of driving up investments in Pakistan’s economy as they waited for clarity on economic policies to be announced shortly by the new government. Foreign direct investment (FDI) dropped 35% to $160.1 million in August compared to $246.8 million in the …

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Shipping http://www.pakistaneconomist.com/2018/09/17/shipping-38-18/ http://www.pakistaneconomist.com/2018/09/17/shipping-38-18/#respond Sun, 16 Sep 2018 19:18:56 +0000 http://www.pakistaneconomist.com/?p=20460 Shipping rates plunge on fears of trade war impact When US President Donald Trump fired the first salvos in his trade war with China, the market for hauling bulk commodities that power the Asian country’s economy responded with a surprising surge. Now shipowners are losing their swagger. Rates to haul iron ore and coal on …

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Technology http://www.pakistaneconomist.com/2018/09/17/technology-38-18/ http://www.pakistaneconomist.com/2018/09/17/technology-38-18/#respond Sun, 16 Sep 2018 19:17:40 +0000 http://www.pakistaneconomist.com/?p=20452 PAKISTAN: YouTube Kids Now Lets Parents Control What Content their Children Can View: YouTube Kids has added a new feature that now lets parents whitelist videos and channels that their children can access. The feature has been rolled out to the Android platform in all regions currently. iOS users will have to wait a bit …

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Commodity http://www.pakistaneconomist.com/2018/09/17/commodity-38-18/ http://www.pakistaneconomist.com/2018/09/17/commodity-38-18/#respond Sun, 16 Sep 2018 19:16:46 +0000 http://www.pakistaneconomist.com/?p=20453 Oil prices mixed on China tariff talk concerns Oil prices pulled back on Friday on concerns additional U.S. tariffs would be placed on Chinese imports, after an earlier rally triggered by worries that more sanctions on Iran might constrict supply. Crude futures ended the week up more than 1.6 percent. Traders said an early rally …

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Gulf http://www.pakistaneconomist.com/2018/09/10/gulf-37-18/ http://www.pakistaneconomist.com/2018/09/10/gulf-37-18/#respond Sun, 09 Sep 2018 19:21:33 +0000 http://www.pakistaneconomist.com/?p=20182 Abraaj fund unit that managed $14b gets $1 bid The fund unit of the embattled private equity firm Abraaj Group, which once managed about $14 billion, reportedly received a bid from a London-based emerging market investor for $1. Private equity firm Actis is among more than 10 private-equity firms that are in the race to …

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India http://www.pakistaneconomist.com/2018/09/10/india-37-18/ http://www.pakistaneconomist.com/2018/09/10/india-37-18/#respond Sun, 09 Sep 2018 19:20:12 +0000 http://www.pakistaneconomist.com/?p=20180 8.2% GDP growth an outcome of reforms like gst, liberalisation of fdi norms by Modi government, says CII The 8.2 per cent economic growth in the first quarter of 2018-19 is an outcome of key reforms like GST and liberalisation of FDI norms initiated by the government, CII said Tuesday. According to the chamber, increase …

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Pakistan http://www.pakistaneconomist.com/2018/09/10/pakistan-37-18/ http://www.pakistaneconomist.com/2018/09/10/pakistan-37-18/#respond Sun, 09 Sep 2018 19:19:43 +0000 http://www.pakistaneconomist.com/?p=20184 FATF measures assist make bank operations clean The tightening of the monitoring regime to combat terror financing and money laundering under the umbrella of the inter-governmental Financial Action Task Force (FATF) is a positive move for the banking industry and the economy at large. “It (FATF move) is good for us (banks), the economy and …

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Shipping http://www.pakistaneconomist.com/2018/09/10/shipping-37-18/ http://www.pakistaneconomist.com/2018/09/10/shipping-37-18/#respond Sun, 09 Sep 2018 19:18:39 +0000 http://www.pakistaneconomist.com/?p=20188 Tainted shipping fuel sparks calls for tighter quality control A wave of contaminated fuel that has clogged and damaged engines on hundreds of oil tankers and container vessels in the past months has pushed shippers to demand stricter quality controls around the world. The calls are shining a light on the notoriously opaque shipping fuel …

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