In The News

Shipping confidence at highest level for three-and-a-half years Shipping confidence held steady at its highest rating in the past three-and-a-half years in the three months to end-November 2017. The average confidence level expressed by respondents was unchanged at the level …

PAKISTAN Telenor celebrates startup failures and mistakes with velocity duckstories: Telenor Velocity introduces an exciting concept to the startup culture in Pakistan through DuckStories, a series of regular events that share and celebrate mistakes, and the times when things didn’t …

World oil prices dip on soaring us production Oil prices dipped on Thursday as soaring US output, fast approaching 10 million barrels per day (bpd), outweighed a drop in American crude inventories. US West Texas Intermediate (WTI) crude futures were …

Saudi king approves $19 billion of economic stimulus steps The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia, issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in …

Rajkot oilseeds complex open- December 14, 2017 Rajkot Oilseed Complex Open- December 14 * Edible oil prices were mixed in the early trades. * Groundnut oil prices improved due to restricted selling from oil mills. * Cottonseed oil firmed up …

Trade deficit widens 29pc to $15bn, pressure on reserves to persist Pakistan’s trade deficit widened to $15 billion in the first five months of fiscal year 2018, suggesting that International Monetary Fund’s (IMF) apprehensions over the external sector are not …

Largest automated container terminal in Shanghai China started trial operations of the world’s biggest automated container terminal, the Shanghai Yangshan Deep Water Port, in eastern China, on Sunday (Dec 10), Chinese official media reported. Located at the south of Donghai …

PAKISTAN Zong 4g partners with careem to offer free rides and exclusive discounts: Zong 4G has announced its partnership with Careem to bring free rides and exclusive discounts for its customers, we have checked. Under this partnership, all new customers …

World oil prices soar Oil prices rose on Thursday as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year. US West Texas Intermediate futures settled up 44 cents, …

Sharjah hosts Pakistan property exhibition UAE-based Pakistanis can head to ‘Real Estate and Investment Pakistan Expo’ (RIPE), being held at the Sharjah Expo Centre over the weekend to scour through property bargains during the first edition of the two-day Pakistan …