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In The News

Gulf

Gulf News

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 …

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India

India News This Week

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 …

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Pakistan

Pakistan News

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 …

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Shipping

Shipping News

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 …

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Technology

Technology News

PAKISTAN: Ufone launches prepaid data roaming offer for UAE and Saudi Arabia: Keeping up to its all-time commitment of making life easier for its valued customers, Ufone has launched Prepaid Data Roaming Offer in UAE. By launching this offer in …

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Commodity

Commodity News

World oil prices steady Oil prices were steady on Friday, with US crude slipping on weak global equity markets while Brent inched up on geopolitical factors, including violent protests in Iraq. US West Texas Intermediate (WTI) crude futures CLc1 settled …

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Gulf

Gulf News

Ample liquidity in UAE banking as deposits rise Deposits with the UAE banks increased while credit growth remained flat in July, indicating ample liquidity in the local banking sector, according to the Central Bank’s monthly data. The month-on-month rise in …

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India

India News This Week

Two years after demonetisation, over 99% banned notes back; RBI finishes verification Nearly two years after demonetisation, RBI has completed the tasks of processing and verifying banned currency notes. On November 8, the number of Rs 500 and Rs 100 …

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Pakistan

Pakistan News

Week-on-week: SPI decreases 0.63pc The Sensitive Price Indicator (SPI) for the week ended August 30, 2018 registered a decrease of 0.63% for the combined income group, going down from 228.6 points in the prior week to 227.17 in the week …

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Shipping

Shipping News

Conditions ripe for container shipping rates to spike Container spot rates are expected to lift soon on the back of headhaul ships running full on the major trade lanes and cargo being rolled. One unnamed carrier source told UK’s The …

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