Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Saudi Arabia says will host F1 GP for first time next year

The kingdom already hosts the Dakar Rally and the all-electric Formula E series, in addition to an array of boxing, golf and tennis events.

Published 05 Nov, 2020 09:10pm

World

Saudi Arabia to ease restrictions on foreign workers

After the economic disruption that came with the coronavirus pandemic, campaigners say potentially hundreds of thousands of illegal workers remain stranded in Saudi Arabia.

Published 04 Nov, 2020 07:11pm

World

Saudi Arabia to relax foreign workers' sponsorship terms in March '21

The plans, to take effect in March 2021, aim to make the Saudi labour market more attractive,
Through this initiative we aim to build an attractive labour market and improve the working environment through three main services. ..available to all foreign workers in the private sector,

Published 04 Nov, 2020 06:21pm

Markets

Major Gulf markets mixed; Aramco's Q3 profit slides

Saudi British Bank drops on poor Q3 earnings.
Egypt's non-oil private sector growth at nearly 6-yr high in Oct – PMI.

Published 03 Nov, 2020 08:00pm

First flight of Pakistani pilgrims arrives in Saudi Arabia after seven months

The flight from Pakistan carried 38 pilgrims.

Updated 02 Nov, 2020 09:41am

World

Man rams car into Masjid-e-Haram's door

The police have arrested the driver.

Published 31 Oct, 2020 11:22am

World

Saudi Arabia says will open Umrah pilgrimage to Muslims from abroad from Nov 1

The Umrah pilgrimage is allowed for Muslims from across the world.
The Saudi-owned, Dubai-based TV channel Al-Arabiya said Umrah will be allowed from Nov. 1
Saudi Arabia closed its borders in February to foreign Umrah pilgrims, and in March stopped its own citizens and residents

Published 29 Oct, 2020 07:37pm

Business & Finance

Saudi Arabia plans to end the decade old ‘kafala’ system

The report added that the changes were to be unveiled earlier this year but were delayed due to the emergence of coronavirus pandemic.

Published 29 Oct, 2020 12:16pm

Business & Finance

PIA to bolster flights to KSA amid Umrah resumption

The development comes after Pakistan announced it will accept applications for Umrah from the nationals from November 1 under the new regulations, in wake of the Saudi government's announcement to start Umrah pilgrimage for international pilgrims.

Published 28 Oct, 2020 01:09pm

Pakistan

Pakistan to start accepting Umrah applications from Nov 1

Pakistanis will be able to submit their application for Umrah pilgrimage under the new regulations

Published 27 Oct, 2020 05:00pm

World

Saudi Arabia to resume Umrah for international pilgrims from Nov 1

Sadi Ministry says negative PCR test no earlier than 72-hours before departure time in origin will be needed from the pilgrims while a quarantine period of three days must be completed in a hotel

Published 26 Oct, 2020 11:00am

World

Saudi Arabia inks strategic pacts with three IT giants on artificial intelligence

The agreements are part of Saudi Arabia's Vision 2030 reform plan that aims to promote economic and social policies

Published 23 Oct, 2020 11:39am

World

Saudi arabia becomes first country in Arab world to issue scientific papers on COVID-19

The Kingdom has been ranked 25th globally and second in the Middle East for clinical research and studies on the virus

Published 21 Oct, 2020 10:54am

World

Saudi Arabia restructures top religious, advisory bodies

King Salman appointed a new speaker and two deputies, including a woman, for the Shura Council

Updated 19 Oct, 2020 10:22am

World

Pompeo urges Saudi Arabia to consider normalizing relations with Israel

Pompeo says he raised the so-called Abraham Accords with Saudi Foreign Minister Prince Faisal bin Farhan Al Saud at a meeting at the U.S. State Department

Published 14 Oct, 2020 07:11pm

Business & Finance

KSA, UAE remain Pakistan’s top remittance destinations

Saudi Arabia was the leading country for Pakistani workers, who remitted $665.82 million in September 2020 as compared to $515.75mn remitted in the same period last year showing an increase of over 29 percent.

Updated 12 Oct, 2020 05:53pm

World

Saudi Arabia resumes Umrah pilgrimage after seven months

In the initial phase, only 6,000 citizens and residents in the kingdom are allowed to perform Umrah

Published 04 Oct, 2020 09:16am

Business & Finance

KSA Civil Aviation issues new rules for Pakistani and other international travelers

Furthermore, travelers must adhere to the preventive health procedures that impose home quarantine for those arriving from outside the Kingdom (for Saudis and non-Saudis), as per the period determined by the Health Ministry

Published 03 Oct, 2020 02:42pm

Business & Finance

PIA repatriates over 27,000 Pakistanis to Saudi Arabia

PIA had flown more than 27,000 Pakistanis to Saudi Arabia. From September 15 to 28, some 27,500 passengers were flown to Saudi Arabia through 91 flights.

Published 29 Sep, 2020 03:33pm

World

Saudi Arabia says it busted terrorist cell trained by Iran's Revolutionary Guards

Three of those arrested had been trained in Iran while the rest were "linked to the cell in various roles".
weapons and explosives were confiscated at two locations, a house and a farm, in the Gulf Arab state.

Published 29 Sep, 2020 01:30am

Business & Finance

Saudi Arabia sends world’s first shipment of Blue Ammonia to Japan

Some 40 tons of high-grade blue ammonia already dispatched for use in zero-carbon power generation, a successful demonstration of the supply network from Saudi Arabia to Japan.

Published 28 Sep, 2020 10:21am

Business & Finance

KSA allows entry of Pakistani travelers with valid visas

However, travel is subject to a negative PCR test, which needs to be conducted not later than 48 hours before arriving in Saudi Arabia.

Published 26 Sep, 2020 03:02pm

World

Saudi Arabia suspends India flights due to coronavirus

Saudi Arabia this month partially lifted a suspension on international flights that had been enforced since March to curb the spread of the novel coronavirus.
India, with a population of about 1.4 billion, has been consistently reporting the world's highest daily tallies of infections.

Published 25 Sep, 2020 01:46am

Business & Finance

Saudi govt grants special permission to PIA, as aqama deadline nears

With an increase in the number of flights PIA will be able to transport 25,500 passengers from Pakistan before the 30th of this month which is the deadline for many ensuring their presence in the kingdom.

Published 24 Sep, 2020 04:38pm

World

In U.N. debut, Saudi king calls for comprehensive solution on Iran

King Salman says Iran has exploited a 2015 nuclear deal with world powers "to intensify its expansionist activities

Published 23 Sep, 2020 07:30pm

Business & Finance

PIA commences flight operations to Saudi Arabia from today

Due to the coronavirus pandemic, Saudi Aviation has limited PIA to 13 weekly flights.

Published 22 Sep, 2020 10:50am

Business & Finance

PIA tickets become scarce as Saudi Arabia ease down travel restrictions

As per details, PIA started booking from September 15, but passengers are facing problems as the reservation department has very few tickets.

Published 19 Sep, 2020 03:20pm

Business & Finance

As travel restrictions ease, PIA decides to increase flights to Saudi Arabia

Just days ago, the Kingdom of Saudi Arabia has announced the lifting of travel restrictions from January 1, while those in certain categories will be allowed to travel from September 15, as the coronavirus pandemic weaken.

Published 17 Sep, 2020 04:46pm

Business & Finance

KSA announce to lift travel restrictions from Jan 1st

The Saudi Interior Ministry has said that airports, ports, and border checkpoints will be opened from January 1, 2021.

Published 14 Sep, 2020 11:40am

Saudi to ease international flight restrictions from September 15

Saudi Arabia suspended international flights in March, leaving many citizens and residents stranded overseas.

Published 14 Sep, 2020 12:02am

Gainers
Losers
Leaders

Stock	Price
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	4.90 ▲ 1.00 (25.64%)
Hira Textile / Aug 13 Hira Textile Mills Limited(HIRAT)	2.05 ▲ 0.24 (13.26%)
Dawood Equities / Aug 13 Dawood Equities Limited(DEL)	7.10 ▲ 0.83 (13.24%)
Invest Bank / Aug 13 Invest Capital Investment Bank Limited(ICIBL)	1.50 ▲ 0.15 (11.11%)
Pak Gen.Ins. / Aug 13 The Pakistan General Insurance Co. Ltd.(PKGI)	9.58 ▲ 0.93 (10.75%)
Dewan Farooque Sp. / Aug 13 Dewan Farooque Spinning Mills Limited(DFSM)	2.38 ▲ 0.23 (10.70%)
S.G.Power / Aug 13 S.G. Power Limited(SGPL)	5.50 ▲ 0.51 (10.22%)
United Insurance / Aug 13 The United Insurance Company(UNIC)	10.00 ▲ 0.87 (9.53%)
Universal Ins. / Aug 13 The Universal Insurance Company Limited(UVIC)	4.99 ▲ 0.41 (8.95%)
Pervez Ahmed Co / Aug 13 Pervez Ahmed Consultancy Services Ltd.(PASL)	0.91 ▲ 0.07 (8.33%)

Stock	Price
SME Leasing Ltd / Aug 13 SME Leasing Limited(SLL)	2.00 ▲ -0.49 (-19.68%)
F.Credit & Inv / Aug 13 First Credit and Investment Bank Limited(FCIBL)	5.51 ▲ -0.69 (-11.13%)
Ashfaq Textile / Aug 13 Ashfaq Textile Mills Limited(ASHT)	8.37 ▲ -0.88 (-9.51%)
Popular Islamic / Aug 13 Popular Islamic Modaraba(PIM)	9.50 ▲ -0.85 (-8.21%)
AN Textile Mill / Aug 13 AN Textile Mills Limited(ANTM)	11.50 ▲ -1.00 (-8.00%)
Shams Textile / Aug 13 Shams Textile Mills Limited(STML)	38.87 ▲ -3.15 (-7.50%)
AKD Securities / Aug 13 AKD Securities Limited(AKDSL)	29.57 ▲ -2.39 (-7.48%)
Data Agro / Aug 13 Data Agro Limited(DAAG)	18.14 ▲ -1.46 (-7.45%)
Olympia Mills / Aug 13 Olympia Mills Limited(OML)	15.41 ▲ -1.24 (-7.45%)
Otsuka Pakistan / Aug 13 Otsuka Pakistan Limited(OTSU)	179.55 ▲ -14.20 (-7.33%)

Stock	Volume
Cnergyico PK / Aug 13 Cnergyico PK Limited(CNERGY)	48,590,233 ▼ 0.00
WorldCall Telecom / Aug 13 Worldcall Telecom Limited(WTL)	27,414,000 ▼ 0.00
Pak Refinery / Aug 13 Pakistan Refinery Limited(PRL)	26,586,141 ▼ 0.00
Hascol Petrol / Aug 13 Hascol Petroleum Limited(HASCOL)	22,897,000 ▼ 0.00
Lotte Chemical / Aug 13 Lotte Chemical Pakistan Limited(LOTCHEM)	20,482,951 ▼ 0.00
K-Electric Ltd. / Aug 13 K-Electric Limited(KEL)	12,467,000 ▼ 0.00
TPL Properties / Aug 13 TPL Properties Limited(TPLP)	8,622,250 ▼ 0.00
Telecard Limited / Aug 13 Telecard Limited(TELE)	8,514,000 ▼ 0.00
Pace (Pak) Ltd. / Aug 13 Pace (Pakistan) Limited(PACE)	8,066,000 ▼ 0.00
Waves Singer / Aug 13 Waves Singer Pakistan Limited(WAVES)	7,260,000 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Aug 11	219.00
USD PKR Interbank Buying / Aug 11	217.00
USD to Japanese Yen / Aug 11	133.27
USD to Swiss Franc / Aug 11	0.94
Pound Sterling to USD / Aug 11	1.22
Euro to USD / Aug 11	1.03
UK LIBOR % / Aug 11	2.32

Stock	Volume
S&P 500 / Aug 11	4207.27
India Sensex / Aug 11	59332.60
Tokyo Nikkei / Aug 11	28416.02
Nasdaq / Aug 11	12779.91
Hang Seng / Aug 11	20158.29
FTSE 100 / Aug 11	7465.91
Dow Jones / Aug 11	33336.67
Germany DAX 30 / Aug 11	13694.51
France CAC40 / Aug 11	6544.67

Item	Value
Crude Oil USD/Barrel / Aug 11	93.91
Karachi Cotton PKR/37.32 KG / Aug 11	17235.00
Gold 10 Grams PKR / Aug 11	129400.00
Gold Spot USD/Ounce / Aug 11	1788.95
Cotton US¢/pound / Aug 11	106.04

Saudi Arabia

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