Trends - Saudi Arabia - Business Recorder

Saudi Arabia

UN human rights boss urges Saudi Arabia to allow free speech, assembly

Hathloul campaigned for women's right to drive and to end Saudi Arabia's guardianship system that requires women to obtain permission of a male relative for certain decisions and travel.
Bachelet did not refer to the expected release by the Biden administration of a sensitive US intelligence report on the 2018 murder of Saudi journalist Jamal Khashoggi.

Published 26 Feb, 2021 06:29pm

World

Israel in talks to establish 4-nation defense alliance with Saudi, UAE and Bahrain

Jerusalem is reportedly in talks with the Kingdom(s) of Saudi Arabia, Bahrain and the United Arab Emirates, in attempting to establish a quadrilateral defense alliance.
While Jerusalem does not have official diplomatic relations with Riyadh, the countries have long-standing clandestine ties.

Updated 26 Feb, 2021 03:11pm

World

Biden, Saudi king talk by phone: White House

They discussed "the US commitment to help Saudi Arabia defend its territory as it faces attacks from Iranian-aligned groups," a statement said.

Published 26 Feb, 2021 11:21am

World

US report on Khashoggi death expected to single out Saudi crown prince: sources

The report’s release is part of Biden’s policy to realign ties with Riyadh after years of giving the Arab ally and major oil producer a pass on its human rights record and its intervention in Yemen’s civil war.

Published 25 Feb, 2021 01:18pm

World

Pakistan mending ties with Arab bloc, after diplomatic rift in 2020

Pakistan has found itself in a fruitful position, having mended relations with the Saudi-led bloc of Arab nations, while also maintaining ties with an alternate alliance challenging for a leadership role in the wider Muslim world.

Updated 23 Feb, 2021 05:09pm

Business & Finance

Saudi Arabia plans to set up $10 billion oil refinery in Gwadar by year-end

The proposed mega oil city will be developed on 88,000 acres of land to refine and process petroleum products mainly imported from the Gulf region, for local and regional consumption
Petroleum minister says with setting up of an oil refinery in Gwadar, Saudi Arabia will become an important partner in CPEC

Published 22 Feb, 2021 03:30pm

World

Saudi Arabia to invest over $20bn in its military industry over next decade

DUBAI: Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part...

Updated 21 Feb, 2021 05:14pm

World

Saudi Arabia eyes Dubai's crown with HQ ultimatum

Saudi crown prince pushes social and economic change.
Dubai's glitzy reputation has long attracted investors.
From 2024, no new Saudi contracts without a local HQ.
UAE commercial hub takes Saudi business pitch seriously.

Updated 16 Feb, 2021 09:56pm

Business & Finance

Saudi Arabia pushes companies to move headquarters to kingdom

Last year, the twin shocks of the pandemic and a drop in oil prices prompted the top crude exporter to triple its value-added tax and suspend a monthly allowance to civil servants to rein in a ballooning budget deficit.

Published 16 Feb, 2021 11:04am

World

Biden effect: Saudi hastens trials, placates rivals

Biden's new Director of National Intelligence, Avril Haines, has said she intends to declassify a US intelligence report into Khashoggi's murder.

Published 16 Feb, 2021 10:08am

Pakistan

Saudi Arabia ambassador visits FPCCI, seeks removal of trade barriers

He informed that the share of Pakistan in Saudi Arabia’s trade is just 1 percent; while in Pakistan’s trade is approximately 7 percent.

Updated 15 Feb, 2021 06:22pm

World

Saudi Arabia will continue to treat Houthis as terrorists, says Saudi U.N. representative

The Saudi government media office CIC did not immediately respond to a Reuters' request for comment on the decision.

Published 14 Feb, 2021 05:58pm

Pakistan

Pakistan condemns Houthi militants’ drone attacks on Saudi Arabia's Abha airport

"Pakistan reiterates its full support and solidarity with the Kingdom of Saudi Arabia against any threats to its security and territorial integrity," FO added.
Houthi military spokesman Yahya Sarea said that four Houthi drones were used in the attack.

Published 11 Feb, 2021 11:11am

Plane ablaze in Huthi drone attack on Saudi airport

RIYADH: A civilian plane was engulfed in flames Wednesday after Yemen's Huthi rebels launched a drone strike on an...

Published 11 Feb, 2021 04:34am

World

Qatar minister meets new Saudi envoy as ties restored

"During the meeting, they reviewed bilateral cooperation and relations... in addition to issues of common interest."

Published 10 Feb, 2021 04:55pm

Pakistan

COVID jab mandatory for pilgrims intending to perform Hajj

An estimated 200,000 people from Pakistan will go for the religious obligation this year
The pilgrims going for Hajj from all over the world will be vaccinated against coronavirus in their own countries

Published 08 Feb, 2021 11:02am

World

Saudi says intercepted armed drone launched by Yemen rebels

The incident was not immediately claimed by the Iran-backed Huthis.

Published 07 Feb, 2021 06:36pm

World

Saudi-led coalition says intercepted Houthi armed drone attack

The bomb-laden unmanned aerial vehicle aimed to target "civilians and civilian objects", coalition spokesman Colonel Turki al-Malki said in a statement carried on Saudi state media.

Published 07 Feb, 2021 12:23pm

World

Blinken in first phone call with Saudi counterpart

RIYADH: US Secretary of State Antony Blinken discussed "common challenges" faced by Washington and Riyadh in his...

Updated 07 Feb, 2021 10:05am

World

Saudi renews support for Yemen political solution after Biden speech

Saudi Arabia has come under repeated missile or drone attacks from Huthi rebels in neighbouring Yemen.

Published 05 Feb, 2021 10:29am

Business & Finance

Saudis Oil Prices discriminate between US, Europe and Asia

Saudi Arabia leaves oil pricing unchanged for its main markets in Asia in March, while raising it for markets in the United States and Europe.

Updated 04 Feb, 2021 04:13pm

Pakistan

Saudi Arabia suspends entry from Pakistan, 19 other countries from today

The kingdom has suspended entry from 20 countries with the exception of diplomats, Saudi citizens, medical practitioners, and their families.
The temporary ban, effective from today, applies to passengers who transited through any of the 20 countries.

Published 03 Feb, 2021 10:41am

Markets

Oil prices extend rally as producers restrain output

However, energy giant BP flagged a difficult start to 2021 amid declining product demand, noting that January retail volumes were down by around 20% year on year, compared with a decline of 11% in the fourth quarter.

Published 02 Feb, 2021 03:28pm

Business & Finance

Fitch revises Pakistan’s real growth at 1.1pc amid strong external demand

Fitch states that a very likely rebound in the global economy along with a global vaccine rollout will also bode well for exports which will in turn feed into private consumption through better employment prospects in export related sectors.

Published 01 Feb, 2021 01:47pm

Markets

Oil treads warily higher amid patchy vaccine rollouts, new coronavirus variants

"Europe and Latin America will lag, largely a reflection of softer economic recovery in key markets in these regions," it said.

Published 01 Feb, 2021 12:16pm

Pakistan

PIA issues new travel advisory for Saudi Arabia passengers

The PIA administrations has directed staff to distribute the health declaration form onboard the flight to all passengers arriving at the kingdom with immediate effect.
General Authority of Civil Aviation (GACA) updated its health disclaimer form for all airlines operating in Saudi Arabia amid the second wave of COVID-19 pandemic.

Updated 30 Jan, 2021 05:08pm

World

Italy makes permanent arms sale freeze to Saudi Arabia

ROME: Italy on Friday revoked approval for arms sales to Saudi Arabia and the United Arab Emirates over the conflict...

Published 30 Jan, 2021 03:55am

Pakistan

Saudi prince arrives in Pakistan to hunt houbara bustards

The governor of Saudi Arabia’s Tabuk region has arrived in Pakistan for three weeks for hunting houbara bustard in Dalbandin, Balochistan.
According to authorities, a camp city has been set up for the visiting prince in Dalbandin, where he will hunt the endangered birds.

Published 28 Jan, 2021 11:51am

Markets

Saudi Arabia raises $5bn via dual-tranche bonds

The kingdom on Tuesday sold $2.75 billion in 12-year bonds at 130 basis points (bps) over 10-year US Treasuries and $2.25 billion in 40-year notes at 3.45%.
It drew more than $13 billion in orders for the 12-year bonds and over $9 billion in orders for the 40-year paper.

Updated 27 Jan, 2021 11:23pm

Business & Finance

Saudi Arabia hosts 'Davos in Desert' amid pandemic

But the following year, the fallout over journalist Jamal Khashoggi's murder by Saudi agents in Istanbul prompted a wave of business and political leaders to pull out of the glitzy conference at the last minute.

Published 27 Jan, 2021 12:17pm

Gainers
Losers
Leaders

Stock	Price
First Punjab Mod. / Feb 26 First Punjab Modaraba(FPJM)	3.80 ▲ 0.60 (18.75%)
Ghazi Fab. / Feb 26 Ghazi Fabrics International Limited(GFIL)	7.07 ▲ 0.97 (15.90%)
Quetta Textile / Feb 26 Quetta Textile Mills Limited(QUET)	9.99 ▲ 0.99 (11.00%)
Dawood Equities / Feb 26 Dawood Equities Limited(DEL)	7.48 ▲ 0.70 (10.32%)
Dolmen City REIT / Feb 26 Dolmen City REIT(DCR)	10.88 ▲ 0.89 (8.91%)
B.R.R. Mod. / Feb 26 B.R.R. Guardian Modaraba(BRR)	12.40 ▲ 1.00 (8.77%)
Saritow Sp. / Feb 26 Saritow Spinning Mills Limited(SSML)	12.65 ▲ 1.00 (8.58%)
ECOPACK / Feb 26 Ecopack Limited(ECOP)	39.42 ▲ 2.75 (7.50%)
Shield Corp. / Feb 26 Shield Corporation Limited(SCL)	389.67 ▲ 27.18 (7.50%)
S. S. Oil / Feb 26 S.S.Oil Mills Limited(SSOM)	86.00 ▲ 6.00 (7.50%)

Stock	Price
TPL Corp / Feb 26 TPL Corp Limited(TPL)	7.21 ▲ -0.98 (-11.97%)
Ist Paramount / Feb 26 First Paramount Modaraba(FPRM)	5.20 ▲ -0.59 (-10.19%)
Invest Cap. Bank / Feb 26 Invest Capital Investment Bank Limited(ICIBL)	3.29 ▲ -0.30 (-8.36%)
Kohinoor Sp. / Feb 26 Kohinoor Spinning Mills Limited(KOSM)	3.97 ▲ -0.34 (-7.89%)
AKD Capital Ltd / Feb 26 AKD Capital Limited(AKDCL)	431.05 ▲ -34.95 (-7.50%)
Arpak Int. / Feb 26 Arpak International Investments Ltd.(ARPAK)	86.60 ▲ -7.02 (-7.50%)
Tata Textile / Feb 26 Tata Textile Mills Limited(TATM)	70.30 ▲ -5.70 (-7.50%)
Jubilee Gen. Ins. / Feb 26 Jubilee General Insurance Limited(JGICL)	45.60 ▲ -3.69 (-7.49%)
Pak Datacom Ltd / Feb 26 Pak Datacom Limited(PAKD)	114.18 ▲ -9.25 (-7.49%)
Shahtaj Sug. / Feb 26 Shahtaj Sugar Mills Limited(SHJS)	62.90 ▲ -5.09 (-7.49%)

Stock	Volume
Unity Foods / Feb 26 Unity Foods Limited(UNITY)	44,559,057 ▼ 0.00
Telecard / Feb 26 Telecard Limited(TELE)	36,652,000 ▼ 0.00
TRG Pak. / Feb 26 TRG Pakistan Limited(TRG)	32,422,387 ▼ 0.00
Byco Petr. / Feb 26 Byco Petroleum Pakistan Limited(BYCO)	25,492,500 ▼ 0.00
Hum Network / Feb 26 Hum Network Limited(HUMNL)	15,607,000 ▼ 0.00
Pakistan Refinery / Feb 26 Pakistan Refinery Limited(PRL)	14,997,500 ▼ 0.00
Hascol Petroleum / Feb 26 Hascol Petroleum Limited(HASCOL)	13,597,737 ▼ 0.00
Lotte Chemical / Feb 26 Lotte Chemical Pakistan Limited(LOTCHEM)	13,225,500 ▼ 0.00
Pak Int.Bulk Ter / Feb 26 Pakistan International Bulk Terminal Limited(PIBTL)	12,328,500 ▼ 0.00
Maple Leaf / Feb 26 Maple Leaf Cement Factory Limited(MLCF)	11,717,702 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 26	158.40
USD PKR Interbank Buying / Feb 26	158.30
USD to Japanese Yen / Feb 26	106.37
USD to Swiss Franc / Feb 26	0.91
Pound Sterling to USD / Feb 26	1.40
Euro to USD / Feb 26	1.22
UK LIBOR % / Feb 26	0.08

Stock	Volume
S&P 500 / Feb 26	3829.34
India Sensex / Feb 26	51039.31
Tokyo Nikkei / Feb 26	30168.27
Nasdaq / Feb 26	13119.43
Hang Seng / Feb 26	30074.17
FTSE 100 / Feb 26	6651.96
Dow Jones / Feb 26	31402.01
Germany DAX 30 / Feb 26	13879.33
France CAC40 / Feb 26	5783.89

Item	Value
Crude Oil / Feb 26	63.56
Karachi Cotton Assoc. / Feb 26	12000.00
Gold 10 Grams / Feb 26	94564.00
Gold Spot / Feb 26	1769.20
Cotton / Feb 26	89.69

Saudi Arabia

UN human rights boss urges Saudi Arabia to allow free speech, assembly

Israel in talks to establish 4-nation defense alliance with Saudi, UAE and Bahrain

Biden, Saudi king talk by phone: White House

US report on Khashoggi death expected to single out Saudi crown prince: sources

Pakistan mending ties with Arab bloc, after diplomatic rift in 2020

Saudi Arabia plans to set up $10 billion oil refinery in Gwadar by year-end

Saudi Arabia to invest over $20bn in its military industry over next decade

Saudi Arabia eyes Dubai's crown with HQ ultimatum

Saudi Arabia pushes companies to move headquarters to kingdom

Biden effect: Saudi hastens trials, placates rivals

Saudi Arabia ambassador visits FPCCI, seeks removal of trade barriers

Saudi Arabia will continue to treat Houthis as terrorists, says Saudi U.N. representative

Pakistan condemns Houthi militants’ drone attacks on Saudi Arabia's Abha airport

Plane ablaze in Huthi drone attack on Saudi airport

Qatar minister meets new Saudi envoy as ties restored

COVID jab mandatory for pilgrims intending to perform Hajj

Saudi says intercepted armed drone launched by Yemen rebels

Saudi-led coalition says intercepted Houthi armed drone attack

Blinken in first phone call with Saudi counterpart

Saudi renews support for Yemen political solution after Biden speech

Saudis Oil Prices discriminate between US, Europe and Asia

Saudi Arabia suspends entry from Pakistan, 19 other countries from today

Oil prices extend rally as producers restrain output

Fitch revises Pakistan’s real growth at 1.1pc amid strong external demand

Oil treads warily higher amid patchy vaccine rollouts, new coronavirus variants

PIA issues new travel advisory for Saudi Arabia passengers

Italy makes permanent arms sale freeze to Saudi Arabia

Saudi prince arrives in Pakistan to hunt houbara bustards

Saudi Arabia raises $5bn via dual-tranche bonds

Saudi Arabia hosts 'Davos in Desert' amid pandemic

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