Trends - Middle East - Business Recorder

Middle East

Kuwait Ports plans region's first city for electric car makers

DUBAI: Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East's first city to serve electric...

Published 02 Aug, 2021 07:11am

Pakistan

‘Pakistan is gateway to South Asia, Central Asia and Middle East’

KARACHI: Pathfinder Group chairman Ikram Sehgal said Pakistan has tremendous potential of business activities which...

Published 19 Jul, 2021 06:17am

Markets

Dubai stocks at 3-week low, other Gulf stocks up

DUBAI: Dubai's stock market slipped to a three-week low on Tuesday on fear that new coronavirus outbreaks would...

Published 30 Jun, 2021 03:54am

World

Key facts about Iran's June 18 presidential vote

An elected council of vetted clerics, the Assembly of Experts oversees the work of the supreme leader.

Published 14 Jun, 2021 11:01am

Benjamin Netanyahu ousted, Naftali Bennett is Israel's new PM

Hamas says the political developments in Jerusalem wouldn't change its relationship with Israel.

Published 13 Jun, 2021 11:30pm

World

Netanyahu’s grip on power loosens in Israel as rival moves to unseat him

Netanyahu’s rivals have cited his corruption case as the main reason why Israel needs a new leader, arguing that he might use a new term to legislate immunity to shield himself.

Published 30 May, 2021 11:54pm

World

Biden's defense budget seeks greater China deterrence and nuclear funding

There will also be money to further develop and test of hypersonic weapons and other "next-generation" weapons systems as the military aims to build capabilities to counter Russia and China

Published 28 May, 2021 10:25am

Technology

Buy now, pay later players tackle credit conundrum in Mideast's Gulf

As the impact of the pandemic diminishes, investors also see an opportunity for BNPL firms to take more business at the shop till in the Middle East.

Published 26 May, 2021 11:18am

World

US and France tangle at UN over Middle East

France's latest proposal -- announced in a statement from Paris on Tuesday evening -- quickly drew a firm response from the United States, signaling it would wield its veto again if needed.

Updated 20 May, 2021 05:57pm

World

France proposes resolution on Mideast violence to UN Security Council

Zhang Jun, Beijing's ambassador to the UN, told reporters his team had heard the proposal and for China.

Published 19 May, 2021 10:24am

World

Israel launches dozens of strikes as Gaza fighting enters second week

The Gaza Health Ministry put the death toll in the densely populated enclave of 2 million Palestinians at 197, including 58 children and 34 women. Ten people have been killed in Israel, including two children, Israeli authorities say

Published 17 May, 2021 09:24am

World

21 Palestinians killed in Israeli air raids on Gaza Strip

According to the Palestinian Ministry of Health, at least 21 civilians have been killed by Israeli air raids on the besieged Gaza Strip, after Hamas launched retaliatory rockets from the coastal territory.
The aerial bombardment occurred after Hamas fired several rockets at Israel, after Israel refused to withdraw forces from the Al Aqsa Mosque in Jerusalem.

Published 12 May, 2021 02:07pm

World

Middle East strife drags in reluctant Biden

Israel responded with attacks by fighter jets and helicopters, with at least 30 Palestinians and three Israelis now killed in the violence since Monday evening.

Published 12 May, 2021 11:11am

Markets

Global Islamic finance forecast to grow as main markets recover: S&P

S&P also highlighted that the full impact of the coronavirus crisis has yet to materialise and more requests for sukuk restructurings and maturity extensions, as well as higher default rates, are expected this year.

Published 03 May, 2021 01:44pm

Markets

Gulf bourses quiet, few fresh factors

DUBAI: Major bourses in the Middle East were mostly quiet on Sunday in the absence of fresh cataysts to trade on,...

Published 26 Apr, 2021 03:29am

Markets

Middle East Crude-Dubai rises ahead of OPEC+ meeting

OPEC+ has lowered its 2021 oil demand growth forecast by 300,000 barrels per day.

Published 01 Apr, 2021 11:00am

Pakistan

Tajikistan invited to benefit from Gwadar Port

DUSHANBE (Tajiki-stan): Foreign Minister Shah Mehmood Qureshi on Wednesday invited Tajikistan to benefit from...

Published 01 Apr, 2021 04:10am

World

Pentagon chief sees Asia ties as deterrent against China

Blinken will join President Joe Biden's national security advisor, Jake Sullivan, in Anchorage on March 18 with their Chinese counterparts Wang Yi and Yang Jiechi.

Published 14 Mar, 2021 10:45am

World

South Asia rated as most polluted region despite improvement in air quality globally: Report

Report highlights unprecedented clean air as a result of short term COVID-19 lockdown measures, as well as extreme pollution episodes related to climate change, such as wildfires and sandstorms
Only 24 countries out of 106 met World Health Organization (WHO) annual guidelines for PM2.5 in 2020

Published 11 Mar, 2021 05:12pm

World

Netanyahu to make first official visit to UAE

On Thursday, Israeli Prime Minister Benjamin Netanyahu will be travelling to the United Arab Emirates, making it his first official to the Gulf nation after the establishment of formal diplomatic relations.
Netanyahu will meet with Crown Prince Mohammed bin Zayed Al Nahyan.

Published 10 Mar, 2021 09:24pm

Markets

Dubai non-oil private sector growth remains sluggish in February

Sales volumes fell for the first time since May 2020 in February as Dubai imposed increased coronavirus-related restrictions. Employment grew, but only marginally.

Published 09 Mar, 2021 10:53am

World

Turkey to expand military cooperation with Pakistan, for coveted Chinese military technology

Turkey has been reportedly pushing to co-manufacture warplanes and missiles in Pakistan, which could potentially grant it access to coveted military technology from China.

Updated 02 Mar, 2021 07:02pm

Markets

Average Dubai crude oil price rises to 13-month high in Feb

Saudi Aramco changed the benchmark for setting its official selling prices to Asia starting from October 2018 to the average of Platts Dubai and DME Oman crude futures.

Published 01 Mar, 2021 10:04am

World

Turkey, Iran summon ambassadors in Iraq row

ANKARA: Turkey and Iran summoned each other's ambassadors on Sunday, Turkish and Iranian state media reported,...

Published 01 Mar, 2021 06:13am

World

Iran health ministry says virus deaths cross 60,000 mark

Iran has registered a total of 1,631,169 infections, according to the ministry.

Published 28 Feb, 2021 05:03pm

Opinion

IS re-establishing itself in the Middle East?

According to recent news reports, air strikes by Syrian government’s ally Russia killed at least 21 Islamic State...

Published 23 Feb, 2021 05:20am

World

Taliban 'clearly' behind violence in Afghanistan: US

A study mandated by the US Congress has called for a delay in the pullout, warning it would effectively hand the Taliban a victory.

Published 19 Feb, 2021 11:00am

Markets

Oil prices climb as deep freeze shuts US oil wells, curbs refineries

The Saudi-led coalition fighting the Houthis in Yemen said early on Monday morning it had intercepted and destroyed an explosive-laden drone fired by the Houthis toward the kingdom.

Published 16 Feb, 2021 12:10pm

Markets

Iran oil output faces race against time as US sanctions linger

If the sanctions are lifted, Iran's production level could exceed 4 million bpd by 2023, Rystad Energy forecast.

Published 12 Feb, 2021 09:49am

World

Iran starts Covid-19 vaccination campaign: state TV

"We begin our national vaccination against the Covid-19 virus (in) memory of the martyrdom.

Published 09 Feb, 2021 01:11pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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