Trends - Middle East - Business Recorder

Middle East

The MbS reset

The Arab press hasn’t buzzed like this since al Qaeda (AQ) hijacked the so-called Arab Spring in Libya and Syria,...

Published 16 Mar, 2023 06:01am

Opinion

‘Palestinians abandoned’

This is apropos a Business Recorder op-ed “Palestinians abandoned” carried by the newspaper yesterday. The...

Published 01 Feb, 2023 06:04am

Markets

Oil slips as rate hikes loom and Russian flows stay strong

LONDON: Oil slipped on Monday as looming increases to interest rates by major central banks and signs of strong...

Published 31 Jan, 2023 06:45am

World

Blinken begins Middle East trip amid spate of violence

CAIRO: US Secretary of State Antony Blinken landed in Egypt on Sunday at the start of a three-day visit to the ...

Published 30 Jan, 2023 06:45am

World

Blinken arrives in Egypt as Middle East violence erupts

CAIRO: US Secretary of State Antony Blinken arrived Sunday in Egypt at the start of a Middle East trip on which he...

Published 29 Jan, 2023 05:21pm

Defence minister criticises ‘warmongering role’ of US

ISLAMABAD: Defence Minister Khawaja Asif, Friday, alleged the United States’ involvement in “all the wars after...

Updated 28 Jan, 2023 08:42am

World

Blinken to visit Middle East

WASHINGTON: US Secretary of State Antony Blinken will travel to Egypt, Israel and the West Bank from Sunday to...

Published 27 Jan, 2023 07:01am

Markets

Japan’s Mitsui, Itochu and JERA to agree on long-term Oman LNG contracts

TOKYO: Top Japanese electricity generator JERA and trading houses Mitsui & Co and Itochu Corp plan to sign a...

Published 27 Dec, 2022 10:24am

World

US building MidEast defence systems to deter ‘threats’: official

MANAMA: The United States is reinforcing defence infrastructure in the Middle East, at a time of tension with Iran...

Published 21 Nov, 2022 06:19am

Sports

High stakes for Qatar as World Cup starts

DOHA: The World Cup kicks off in Qatar on Sunday in a high-stakes event for the tiny nation which has faced a ...

Updated 20 Nov, 2022 04:17pm

World

Middle East, North Africa seeing ‘gradual slowdown’: IMF

DUBAI: Most of the Middle East and North Africa’s non-oil producing economies are experiencing a “gradual slowdown”,...

Published 31 Oct, 2022 07:11pm

World

Millions at risk of climate displacement in Middle East

CAIRO: Little rainfall, aggressive heatwaves and worsening drought make the Middle East the most water-stressed...

Published 30 Oct, 2022 12:21pm

Markets

India’s Russian oil binge sends Middle East imports to 19 month low

NEW DELHI: India’s oil imports from the Middle East fell to a 19-month low in September while Russian imports...

Published 27 Oct, 2022 02:36pm

Technology

UAE's latest bet on tech: a ministry in the metaverse

DUBAI: The United Arab Emirates, which already boasts the world's tallest skyscraper and has launched a bold Mars...

Updated 03 Oct, 2022 01:55pm

World

UK dismisses Putin assertion on Ukraine grain exports to poor countries

Britain dismissed as untrue on Sunday Russian President Vladimir Putin’s assertion that only a fraction of grain...

Published 11 Sep, 2022 02:25pm

World

US simulates bombing mission over Middle East amid Iran tensions

DOHA: The United States said Monday that two long-distance warplanes flew across the Middle East as part of a...

Published 05 Sep, 2022 07:20pm

World

Action wanes at UN to isolate Russia almost six months into Ukraine war

UNITED NATIONS/GENEVA: On a June night under the chandeliers of Russia’s United Nations mission in New York, dozens...

Published 17 Aug, 2022 10:38am

World

At least four killed in Iran May protest crackdown: Amnesty

PARIS: At least four people were killed in May when the Iranian security forces launched a violent crackdown on...

Published 03 Aug, 2022 01:46pm

World

Iran accuses US of provoking Middle East ‘crises’

TEHRAN: Tehran on Sunday accused Washington of provoking tensions in the Middle East, a day after US President Joe...

Published 17 Jul, 2022 05:30pm

US won’t ‘walk away’ from Middle East, says Biden

JEDDAH, (Saudi Arabia): President Joe Biden assured Arab leaders the United States would remain fully engaged in the...

Updated 17 Jul, 2022 09:37am

‘Unrealistic’ energy policies will lead to higher inflation: MbS

JEDDAH, (Saudi Arabia): Saudi Arabia’s Crown Prince Mohammed bin Salman said on Saturday more investment was ...

Updated 17 Jul, 2022 09:38am

World

Biden to talk oil at Arab summit concluding Middle East tour

JEDDAH: US President Joe Biden is set to discuss volatile oil prices during a summit with Arab leaders on Saturday...

Updated 16 Jul, 2022 02:24pm

World

Biden heads to Saudi Arabia amid tension on oil, Khashoggi killing

JERUSALEM/JEDDAH: President Joe Biden will discuss energy supply, human rights, and security cooperation in Saudi...

Updated 15 Jul, 2022 01:20pm

UAE invests $2bn in hi-tech Indian ‘food parks’

Parks will bring farmers, processors and retailers together using advanced climate technology to minimise waste, conserve water

Updated 15 Jul, 2022 10:49am

World

UAE announces $2bn investment in India ‘food parks’ to ease shortages

JERUSALEM: The United Arab Emirates has pledged $2 billion to help develop a series of “food parks” in India to...

Published 14 Jul, 2022 03:38pm

Markets

UAE stocks extend losses on economic slowdown concerns

Stock markets in the United Arab Emirates ended lower on Friday, tracking Asian equities as concerns over a global...

Published 01 Jul, 2022 05:52pm

World

NATO wary of Russian, Chinese ‘gains’ on southern flank

MADRID: NATO chief Jens Stoltenberg pledged more support for countries in Africa and the Middle East as the alliance...

Published 30 Jun, 2022 08:50pm

World

Rise of Arab-Israel axis pushes Iran to redouble nuclear talks push

DUBAI: The spectre of an emerging Arab-Israeli bloc that could tilt the Middle East balance of power further away...

Published 30 Jun, 2022 06:27pm

World

Israel, Arab countries deepen cooperation ahead of Biden visit

MANAMA: The United States, Israel and four Arab countries agreed to closer cooperation and annual foreign ministers’...

Published 27 Jun, 2022 06:04pm

World

EU calls Russia Ukraine grain blockade ‘real war crime’

LUXEMBOURG: EU foreign policy chief Josep Borrell said Monday that Russia should be held “accountable” if it keeps...

Published 20 Jun, 2022 01:15pm

Gainers
Losers
Leaders

Stock	Price
Pervez Ahmed Co / Mar 22 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.79 ▲ 0.09 (12.86%)
Noon Sugar / Mar 22 Noon Sugar Mills Limited(NONS)	54.80 ▲ 3.78 (7.41%)
Hinopak Motor / Mar 22 Hinopak Motors Limited(HINO)	219.45 ▲ 15.05 (7.36%)
Data Textile / Mar 22 Data Textiles Limited(DATM)	3.66 ▲ 0.22 (6.40%)
D.S. Ind. Ltd. / Mar 22 D.S. Industries Limited(DSIL)	2.37 ▲ 0.11 (4.87%)
Dewan Farooque Sp. / Mar 22 Dewan Farooque Spinning Mills Limited(DFSM)	3.05 ▲ 0.13 (4.45%)
Mehran Sugar / Mar 22 Mehran Sugar Mills Limited(MRNS)	35.95 ▲ 1.45 (4.20%)
Tri-Star Power / Mar 22 Tri-Star Power Limited(TSPL)	13 ▲ 0.51 (4.08%)
Century Ins. / Mar 22 Century Insurance Company Limited(CENI)	18.49 ▲ 0.66 (3.70%)
Jubile Life InsXD / Mar 22 Jubilee Life Insurance Company Limited(JLICL)	120 ▲ 4.00 (3.45%)

Stock	Price
Jubilee Spinning / Mar 22 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	2.90 ▼ -0.51 (-14.96%)
Kohinoor Power / Mar 22 Kohinoor Power Company Limited(KOHP)	3.62 ▼ -0.37 (-9.27%)
Escorts Bank / Mar 22 Escorts Investment Bank Limited(ESBL)	3.16 ▼ -0.32 (-9.20%)
Samba Bank / Mar 22 Samba Bank Limited(SBL)	7 ▼ -0.60 (-7.89%)
Bilal Fibres / Mar 22 Bilal Fibres Limited(BILF)	2.27 ▼ -0.19 (-7.72%)
Dawood Lawrencepur / Mar 22 Dawood Lawrencepur Limited(DLL)	201.17 ▼ -16.26 (-7.48%)
Quetta Textile / Mar 22 Quetta Textile Mills Limited(QUET)	15.75 ▼ -1.27 (-7.46%)
JS Global Cap. / Mar 22 JS Global Capital Limited(JSGCL)	300.10 ▼ -23.90 (-7.38%)
Sapphire Textile / Mar 22 Sapphire Textile Mills Limited(SAPT)	977 ▼ -77.26 (-7.33%)
Premium Textile / Mar 22 Premium Textile Mills Limited(PRET)	420.10 ▼ -30.91 (-6.85%)

Stock	Volume
Fauji Cement / Mar 22 Fauji Cement Company Limited(FCCL)	14,647,000 ▲ 0.17
WorldCall Telecom / Mar 22 Worldcall Telecom Limited(WTL)	6,046,419 ▲ 0.02
Cnergyico PK / Mar 22 Cnergyico PK Limited(CNERGY)	4,848,036 ▼ -0.06
Unity Foods Ltd / Mar 22 Unity Foods Limited(UNITY)	4,691,640 ▼ -0.17
Pak Elektron / Mar 22 Pak Elektron Limited(PAEL)	4,522,500 ▼ -0.02
Hascol Petrol / Mar 22 Hascol Petroleum Limited(HASCOL)	4,470,500 ▲ 0.02
TPL Properties / Mar 22 TPL Properties Limited(TPLP)	4,391,678 ▲ 0.02
Ghani Glo Hol / Mar 22 Ghani Global Holdings Limited(GGL)	4,311,148 ▲ 0.22
Fauji Foods Ltd / Mar 22 Fauji Foods Limited(FFL)	4,273,685 ▲ 0.13
Loads Limited / Mar 22 Loads Limited(LOADS)	4,188,000 ▼ -0.12

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	283.70
USD PKR Interbank Buying / Mar 22	283.25
USD to Japanese Yen / Mar 21	132.38
USD to Swiss Franc / Mar 21	0.92
Pound Sterling to USD / Mar 21	1.22
Euro to USD / Mar 21	1.08
UK LIBOR % / Mar 21	4.56

Stock	Volume
S&P 500 / Mar 21	4002.87
Tokyo Nikkei / Mar 21	26945.67
Nasdaq / Mar 21	11860.11
Hang Seng / Mar 21	19258.76
FTSE 100 / Mar 21	7536.22
Dow Jones / Mar 21	32560.60
Germany DAX 30 / Mar 21	15195.34
France CAC40 / Mar 21	7112.91
India Sensex / Mar 22	58196.91

Item	Value
Crude Oil USD/Barrel / Mar 21	69.33
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 21	177726
Gold Spot USD/Ounce / Mar 21	1943.10
Cotton US¢/pound / Mar 21	77.85

Middle East

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