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Saudi Arabia

Qatar emir invited to Gulf summit amid diplomatic row

In June 2017, Saudi Arabia led its allies the UAE, Bahrain and Egypt to cut ties with Qatar, saying it was too close to Iran and funding radical Islamist movements.

Published 30 Dec, 2020 07:13pm

World

U.S. State Department approves potential sale of 3,000 smart bombs to Saudi Arabia

President-elect Joe Biden has pledged to halt arms sales to Saudi Arabia, the Middle East’s biggest buyer of American weapons, in a bid to pressure Riyadh to end a war in Yemen.

Published 30 Dec, 2020 11:52am

World

Saudi-led coalition discuss 'cooperation' with Qatar, ahead of GCC summit

On Sunday, foreign ministers of the Gulf Cooperation Council (GCC) countries held a virtual meeting discussing "cooperation" ahead of a landmark regional summit next month, amid efforts to end the rift between Qatar and a Saudi-led alliance.
Foreign ministers from Saudi Arabia, the United Arab Emirates, Bahrain, Oman and Kuwait took part in the meeting, while Qatar was represented by its Minister of State for Foreign Affairs.

Updated 28 Dec, 2020 05:58pm

World

Saudi Arabia extends entry ban for another week

The Ministry of Interior said the decision was taken as a precautionary measure against the spread of the new variant of the coronavirus.
France, South Africa, Canada, Italy, Joran, Japan are among the several countries where the new variant has already reached.

Published 28 Dec, 2020 02:11pm

World

Saudi Arabia extends entry ban on coronavirus variant fears

The ministry said it is evaluating the current situation while allowing non-citizens to leave the kingdom and allowing entry for exceptional cases.

Published 28 Dec, 2020 10:10am

World

Israeli jets bomb residential areas, children hospital in Gaza

On Saturday, Hamas, the political group that governs Gaza Strip, denounced Israel's overnight airstrikes as “barbaric.”
Hamas said that Israeli airstrikes damaged a Gaza children's hospital.

Updated 26 Dec, 2020 11:17pm

World

Amidst new virus strain, Saudi Arabia suspends all international passenger flights for a week

On Sunday, Saudi Arabia suspended all international passenger flights for one week, in response to a new strain of the coronavirus.
Entry and transit in the Kingdom through both land and sea ports has also been suspended, and could potentially be extended by an additional week.

Published 21 Dec, 2020 07:23pm

World

Saudi Arabia, Oman to close borders for one week over new COVID strain

Fellow Gulf Arab state Oman will close its land, air and sea borders for one week starting Tuesday, state television reported on Monday.
In Kuwait, the civil aviation authority added the United Kingdom to its high-risk list of countries on Sunday, meaning all flights from it are banned.

Published 21 Dec, 2020 06:41pm

World

Saudi halts international flights over virus variant

The suspension does not apply to international aircraft currently in the kingdom, which will be allowed to leave, SPA said.

Published 21 Dec, 2020 05:32pm

Business & Finance

PIA cancels flight operation to KSA, after latest restrictions

He said that these flights would remain canceled till Saudi Arabia opens their airspace for international flights.

Published 21 Dec, 2020 02:25pm

Saudi Arabia suspends Umrah pilgrimage over new COVID-19 variant

Saudi Arabia's General Authority of Civil Aviation (GACA) suspended all international flights for one week
Pakistan International Airlines also announced the cancellation of flights to and from Saudi Arabia

Published 21 Dec, 2020 10:48am

World

Saudi Arabia suspends international flights and land and sea entry for a week

The source added the entry to the kingdom through land and sea ports will be also suspended for a renewable week.

Published 21 Dec, 2020 10:43am

World

Yemen's president, separatists announce new power-sharing government

It would include southern separatists in the internationally-recognised government, part of a deal to end a power struggle between the nominal allies.

Published 19 Dec, 2020 09:46am

World

Saudi Arabia begins inoculating people with Pfizer COVID-19 vaccines

Earlier this week, health authorities asked citizens and residents to register to receive the vaccine, which they said would be given free to all in the country.

Published 17 Dec, 2020 05:58pm

Business & Finance

Pakistan repays another $1bn to KSA

It should be noted that Pakistan has returned the money to Saudi Arabia with the help of China, the Ministry of Finance, and the State Bank have refrained from commenting.

Updated 17 Dec, 2020 07:20pm

Business & Finance

Saudi economy shrinks 4.6% in Q3 as oil sector takes a hit

The world's largest oil exporter said on Tuesday it expects the economy to shrink by 3.7% this year but to swing back to growth of 3.2% next year.

Published 17 Dec, 2020 12:30pm

World

Aramco may have to sell assets, borrow more to maintain Saudi dividend

Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices.
Aramco, the world’s largest oil producer, listed in 2019 in a record $29.4 billion share sale, but the government still owns 98.2% of the group.

Published 17 Dec, 2020 11:32am

World

Saudis pushing for Gulf dispute breakthrough at summit - sources

The dispute, in which Saudi Arabia and its allies severed diplomatic, trade and travel ties with Qatar in mid-2017, has seen movement with Riyadh earlier this month saying a final solution was within reach.

Published 17 Dec, 2020 09:41am

Pakistan

Saudi Arabia, Qatar keen to invest in Pakistan museums, says Zulfi

Zulfi Bukhari said the management of Lahore Museum would be given under the control of Archeology Department and a board would also be formed in that regard.

Updated 16 Dec, 2020 09:39pm

World

Saudi Arabia receives first shipment of COVID-19 vaccines: health minister

Tawfiq al-Rabiah asked citizens and residents to register to receive the vaccine and reiterated that the vaccine would be free to all in the country.

Published 16 Dec, 2020 04:44pm

World

Costa Rica authorizes Pfizer's COVID-19 vaccine

The United States, Britain, Canada, Bahrain, Mexico, Saudi Arabia and Singapore have also approved or authorized emergency use of the shot.

Published 16 Dec, 2020 11:32am

World

Saudi 2021 budget set to cut spending to tame deficit

The kingdom expects to post a deficit of 298 billion riyals this year, or 12% of gross domestic product (GDP), and 141 billion riyals or 4.9% of GDP next year.
Saudi Arabia expects the economy to shrink by 3.7% this year but to swing back to a 3.2% growth next year.

Published 16 Dec, 2020 01:57am

World

Saudi says 2020 budget deficit will surge to $79bn amid pandemic

Late last year, the kingdom projected a budget deficit of $50 billion for 2020, up $15 billion on 2019.

Published 16 Dec, 2020 01:13am

World

Saudi Arabia expects 3.2pc GDP growth in 2021

Inflation was seen at 2.9% in 2021, compared with projected inflation of 3.7% for 2020.
The kingdom hiked the value added tax (VAT) from 5% to 15% last July

Published 16 Dec, 2020 12:17am

Pakistan

Pakistan condemns terrorist attack on oil tanker at Saudi port in Jeddah

FO said these attacks threaten peace and security of Saudi Arabia, as well as the region.
Pakistan has reiterated its full support and solidarity with the Kingdom of Saudi Arabia.

Published 15 Dec, 2020 10:08am

Business & Finance

Pakistan to receive $1.5 billion from China to repay Saudi Arabia debt

In 2018, Saudi Arabia agreed to give Pakistan $3 billion in foreign currency support for a year and a further loan worth up to $3 billion in deferred payments for oil imports to help stave off a current account crisis.
Out of $2 billion, Pakistan is now set to return the $1 billion to Saudi Arabia.

Updated 14 Dec, 2020 10:59am

World

Explosion strikes tanker off Saudi port: maritime sources

Saudi Arabia is stuck in a military quagmire in Yemen, which has been locked in conflict since the rebels took control of the capital Sanaa in 2014 and went on to seize much of the north.

Published 14 Dec, 2020 10:17am

Saudi 'mini Ritz' corruption crackdown evokes awe, fear

Further triggering shockwaves, joint forces commander Prince Fahad bin Turki -- a senior royal -- and his son Abdulaziz bin Fahad, the deputy emir of northern Al-Jouf region, were fired in late August and placed under investigation for corruption.

Published 14 Dec, 2020 09:42am

US flies two B-52s over Gulf in message for Iran

Since then Iran has been expected to try to retaliate, and even more so since the assassination inside Iran of senior nuclear scientist Mohsen Fakhrizadeh last month, which Tehran blames on Israel.

Published 11 Dec, 2020 09:21am

Pakistan

FM, Saudi envoy discuss ways to strengthen, intensify mutual engagement between two countries

Qureshi appreciated Saudi support for the Pakistan-sponsored and unanimously adopted OIC resolutions on Jammu & Kashmir dispute and Islamophobia.
Qureshi hoped that the two countries will continue to enhance their cooperation and work closely on all issues of mutual interests.

Updated 10 Dec, 2020 01:06pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	278.00 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	78.00 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	641.42 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	10.15 ▼ 0.00 (0.00%)
Attock Cement / May 22 Attock Cement Pakistan Limited(ACPL)	85.59 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	4.99 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	278.00 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16.00 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	78.00 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	641.42 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	10.15 ▼ 0.00 (0.00%)
Attock Cement / May 22 Attock Cement Pakistan Limited(ACPL)	85.59 ▼ 0.00 (0.00%)

Stock	Volume

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 20	200.20
USD PKR Interbank Buying / May 20	199.80
USD to Japanese Yen / May 20	127.88
USD to Swiss Franc / May 20	0.97
Pound Sterling to USD / May 20	1.25
Euro to USD / May 20	1.06
UK LIBOR % / May 20	0.82

Stock	Volume
S&P 500 / May 20	3901.36
India Sensex / May 20	54326.39
Tokyo Nikkei / May 20	26739.03
Nasdaq / May 20	11354.62
Hang Seng / May 20	20717.24
FTSE 100 / May 20	7389.98
Dow Jones / May 20	31261.90
Germany DAX 30 / May 20	13981.91
France CAC40 / May 20	6285.24

Item	Value
Crude Oil / May 20	113.23
Karachi Cotton Assoc. / May 20	21180.00
Gold 10 Grams / May 20	115200.00
Gold Spot / May 20	1846.50
Cotton / May 20	125.18

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