Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Saudi foreign minister holds talks with Kuwaiti counterpart: SPA

Saudi Arabia will reopen its airspace and land and sea border to Qatar as of Monday, Kuwait's foreign minister said.

Published 05 Jan, 2021 10:19am

World

Saudi Arabia reopens borders closed due to Covid-19

Saudi Arabia has recorded more than 363,000 cases, including over 6,200 deaths.

Published 03 Jan, 2021 05:48pm

Pakistan

PIA resumes flight service to Saudi Arabia as Kingdom lifts COVID ban

Saudi official says those intending to fly to Saudi Arabia should ensure their corona PCR test conducted only at facilities approved by the Saudi government
The move comes after the Kingdom removed COVID-19 ban and resumed road and air traffic

Published 03 Jan, 2021 03:35pm

Markets

UAE stocks rise, Dubai outperforms on first trading day of 2021

Qatar enters another year of its blockade by Saudi Arabia, Egypt, UAE and Bahrain on accusations of backing "terrorist" groups, charges which Doha denies.

Published 03 Jan, 2021 02:18pm

World

The Gulf Cooperation Council: a bloc in crisis

But it has been in crisis since June 5, 2017 when Saudi Arabia, UAE and Bahrain, along with non-GCC member Egypt, severed diplomatic ties with Qatar.

Published 03 Jan, 2021 11:44am

World

Israel, Saudi Arabia reportedly pushing Trump for a strike on Iran ahead of Biden inauguration

Israel and Saudi Arabia are reportedly pushing the Trump Administration to carry out a surgical strike on Iran's nuclear facilities, before President-elect Joe Biden takes office.
Riyadh and Jerusalem have "exerted heavy pressure on the president to take out Iran's nuclear installations in a surgical strike", in an effort to "sabotage" President-elect Biden's plan to re-enter negotiations with the Iranian regime.

Updated 01 Jan, 2021 12:49pm

World

'Made in Israel' alcohol hits Dubai's liquor stores as thousands of Israelis flock to Emirate

Scores undeterred by Israel’s warnings about possible Iranian attacks in the region have celebrated weddings, and eight-day Jewish festival of Hanukkah with large gatherings banned back home
Data collected from travel agents revealed that at least 70,000 Israeli tourists arrived in Dubai on 15 nonstop daily flights in December

Published 31 Dec, 2020 04:44pm

World

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

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
Petrol/Litre / May 8	288.49
Crude Oil USD/Barrel / May 8	77.89
Gold 10 Grams PKR / May 8	205075
Gold Spot USD/Ounce / May 8	2314.41
Diesel/Litre / May 8	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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