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Saudi Arabia

Saudi Arabia offers ceasefire to Yemen's Huthi rebels

"We want the guns to fall completely silent," Saudi Foreign Minister Prince Faisal bin Farhan told reporters in Riyadh.

Published 22 Mar, 2021 09:00pm

Aramco to prioritise energy supply to China for 50 years

BEIJING: Saudi Aramco will ensure China's energy security remains its highest priority for the next 50 years and...

Updated 22 Mar, 2021 09:42am

Saudi business tycoon meets PM, others: Govt says will help resolve matters pertaining to KE

ISLAMABAD: Prime Minister Imran Khan has assured Abdulaziz Hamad Aljomaih, MD Investments at Aljomaih Holdings, one...

Published 18 Mar, 2021 03:56am

World

U.S. becomes India's second biggest oil supplier, Saudi plunges to No. 4

he United States overtook Saudi Arabia as India’s second biggest oil supplier after Iraq last month, as refiners boosted cheaper U.S. crude purchases to record levels to offset OPEC+ supply cuts, data from trade sources showed.
India’s imports from the United States - the world’s top producer - rose 48% to a record 545,300 bpd in February from the prior month, accounting for 14% of India’s overall imports last month.

Published 15 Mar, 2021 04:08pm

Business & Finance

Slow Gulf economic recovery to have long-lasting impact on banks: S&P

"We think that the measures implemented by most central banks in the region are supportive of liquidity but do not remove or reduce credit risk from the balance sheet of banks (yet)," said S&P.

Updated 14 Mar, 2021 12:44pm

Jul-Feb remittances up 24.1pc YoY

KARACHI: Workers’ remittances continued to post a strong growth, surging by over 24 percent during the first eight...

Published 12 Mar, 2021 05:10am

World

Sudan secures Saudi promise to deliver $1.5bn in pledged aid

There was no immediate comment from the Saudi finance ministry or from the Saudi government communications office CIC.
Saudi Arabia and the United Arab Emirates promised $3 billion in aid to Sudan in April 2019, just after the military toppled former Sudanese leader Omar al-Bashir following months of street protests.

Published 11 Mar, 2021 07:30pm

Markets

Malaysia in talks with Saudi Arabia to raise palm oil trade to 500,000 tonnes

Malaysia is the world's second-largest palm producer and exporter after Indonesia.

Published 10 Mar, 2021 11:44am

World

Saudi king approves support for Hajj, Umrah operators

The initiatives are aimed at mitigating the financial and economic effects of the COVID-19 pandemic across the sector
Support includes exempting accommodation facilities from the annual fees for municipal commercial activities’ licenses in the cities of Makkah and Medina, where the Islamic pilgrimages take place

Published 09 Mar, 2021 10:40am

Markets

Saudi Arabia buys 660,000 tonnes of barley at $279.77/tonne

It was bought at an average price of $279.77 a tonne c&f, SAGO said. The barley was sought from global suppliers for arrival in Saudi Arabia during April and May.

Updated 08 Mar, 2021 05:10pm

Markets

Euro zone bond markets sell off on rising US bond yields, oil surge

Rising oil prices tend to move closely with inflation expectations in the euro area, pushing bond yields up and their prices down.

Published 08 Mar, 2021 02:29pm

World

Saudi Arabia confirms attacks on Ras Tanura port, Aramco residential area

A ministry spokesman said in a statement on state news agency SPA that neither attack resulted in any injury or loss of life or property.

Published 08 Mar, 2021 10:50am

Markets

OPEC+ debates whether to raise or freeze oil output as price recovers

OPEC+ ministers meet at 1300 GMT.
Market had been expecting OPEC+ to ease curbs.
Outlook for Saudi Arabia's voluntary cut unclear.
Oil prices trade near pre-pandemic levels.

Published 04 Mar, 2021 05:12pm

World

Yemen's Houthis say they fired missile at Saudi Aramco site in Jeddah

There was no immediate confirmation from Saudi authorities.

Published 04 Mar, 2021 09:54am

World

UK defends Yemen aid cuts and arms sales to Saudi

An international aid conference on Yemen this week yielded less than half the funds needed to prevent what the UN warns is a looming famine.

Published 03 Mar, 2021 07:52pm

World

COVID-19 vaccination mandatory for Hajj, says Saudi Health Ministry

Health Minister Tawfiq al-Rabiah says compulsory vaccination would be required for all the pilgrims
In 2020, the kingdom dramatically reduced the number of pilgrims to around 1,000 to help prevent the spread of the coronavirus

Published 03 Mar, 2021 03:03pm

World

No Hajj for pilgrims without COVID-19 vaccination announces Saudi Arabia

As per the Saudi health ministry officials, the COVID-19 vaccine requirement has been made mandatory for those wishing to perform the Hajj this year, and no one will be allowed to perform the Hajj without the vaccine.

Updated 03 Mar, 2021 02:14pm

Pakistan

Pakistan condemns Houthi attacks against Saudi Arabia

A Houthi projectile injured five civilians in a border village in Jazan region.
"Pakistan also calls on Houthi militia to halt its attacks on Ma’arib governorate in Yemen. We reiterate our call for a comprehensive political solution to the conflict in Yemen through peaceful means," FO said.

Published 02 Mar, 2021 04:03pm

World

Press watchdog RSF files lawsuit against Saudi prince over Khashoggi

Its report details the cases of 34 other journalists who have been jailed in Saudi Arabia, including the blogger Raif Badawi, who has been imprisoned in his home country since 2012 on charges of "insulting Islam".

Published 02 Mar, 2021 03:46pm

Markets

Oil slides 1% on fears over higher OPEC supply, slower China demand

Market sentiment was also dampened by weak manufacturing data out of China, Kikukawa said.

Published 02 Mar, 2021 01:33pm

World

U.S. failure to sanction prince for Khashoggi killing 'dangerous': U.N. expert

White House spokeswoman Jen Psaki said on Monday that the United States reserves the right to sanction the crown prince in the future if necessary.

Published 02 Mar, 2021 10:16am

World

Yemen rebels claim Saudi strikes, threaten new attacks

SANAA: Yemen's Iran-backed Huthi rebels on Sunday claimed missile and drone strikes that targeted neighbouring Saudi...

Published 01 Mar, 2021 06:13am

Pompeo claims ‘many’ in Saudi want normalisation with Israel

OCCUPIED JERUSALEM: Former US secretary of state Mike Pompeo said "many" people in Saudi Arabia want normalised...

Published 01 Mar, 2021 06:13am

World

UAE supports Saudi position on U.S. Khashoggi report - state news agency

The UAE’s foreign ministry “expressed its confidence in and support for the Saudi judiciary rulings, which affirm the kingdom’s commitment to implementing the law in a transparent and impartial manner, and holding all those involved in this case accountable,” WAM said.

Published 27 Feb, 2021 06:01pm

Business & Finance

Pakistan, KSA agree to cooperate in the field of Tax & Customs

It was agreed at the meeting that the two countries would take steps to promote cooperation on bilateral relations related to customs and taxes and the relevant institutions of the two countries would adopt each other's best practices.

Published 27 Feb, 2021 04:02pm

World

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 8	278.28
USD PKR Interbank Buying / May 8	278.03
USD to Japanese Yen / May 8	155.25
USD to Swiss Franc / May 8	0.91
Pound Sterling to USD / May 8	1.25
Euro to USD / May 8	1.07

Stock	Volume
S&P 500 / May 7	5187.70
Nasdaq / May 7	16332.56
Dow Jones / May 7	38884.26
India Sensex / May 8	73566.30
Tokyo Nikkei / May 8	38202.37
Hang Seng / May 8	18325.35
FTSE 100 / May 8	8354.28
Germany DAX 30 / May 8	18528.77

Item	Value
Karachi Cotton PKR/37.32 KG / May 7	19935
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Cotton US¢/pound / May 8	77.79
Petrol/Litre / May 9	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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