Trends - Saudi Arabia - Business Recorder

Saudi Arabia

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

Saudi prince asks US court to dismiss 'assassination' lawsuit

It also faulted Aljabri for not pursuing the case in Canada or Saudi Arabia.

Published 10 Dec, 2020 12:29pm

World

Saudi crown prince's lawyer seeks dismissal of ex-spy chief case in U.S. court

Saudi Arabian Crown Prince Mohammed bin Salman’s lawyer has asked a U.S. court to dismiss a case filed by a former top-ranking Saudi intelligence official.
The filing rejects claims that Mohammed bin Salman, also known as MbS, sent a hit squad to kill former spy chief Saad al-Jabri.

Published 09 Dec, 2020 08:01pm

World

Iran rejects Saudi Arabia's call for inclusion in nuclear talks

Khatibzadeh accused Riyadh of funding extremist ideology and being responsible for many of the "troubles" of the Arab and Islam world
US President-elect Joe Biden is willing to back the 2015 nuclear deal with Iran from which Donald Trump withdrew

Published 08 Dec, 2020 12:37pm

World

Saudi, Israeli officials share fiery attacks at regional conference

During a regional conference on Sunday, an influential Saudi prince launched a bitter attack on Israel, and reiterated his strong support for the Palestinian cause.
Mutual concerns over Iran gradually brought Israel and Gulf nations closer, as Riyadh had been quietly building relations with the Jewish state since several years.

Updated 07 Dec, 2020 11:42am

Markets

Saudi Arabia raises official January crude price to Asia

Aramco also set its OSP for Arab light crude oil to Northwestern Europe to minus $1.40 a barrel to ICE Brent.

Published 06 Dec, 2020 06:33pm

Markets

Qatari shares rise on hopes of end to Gulf rift

In Abu Dhabi, the index finished 1.4% up, with the United Arab Emirates' largest lender First Abu Dhabi Bank rising 2.2%.

Published 06 Dec, 2020 06:17pm

World

Indian Army Chief Gen. Naravane to visit Saudi Arabia, UAE, indicating growing ties

Indian Army Chief Gen. M.M. Naravane will be travelling to Saudi Arabia and the United Arab Emirates next week, in an unprecedented move that can be seen as a reflection of the growing relationship between India and the Gulf States.

Updated 04 Dec, 2020 02:38pm

World

Saudi Arabia agrees to allow Israeli commercial planes to cross its airspace: senior Trump official

The agreement was hammered out just hours before Israel's first commercial flight to the UAE

Updated 01 Dec, 2020 07:13pm

World

Saudi Arabia agrees to allow Israeli commercial planes to cross its airspace

Kushner and Middle East envoys Avi Berkowitz and Brian Hook raised the issue shortly after they arrived in Saudi Arabia for talks. "We were able to reconcile the issue,"
The direct flights are an offshoot of normalization deals Israel reached this year with the UAE, Bahrain and Sudan.

Published 01 Dec, 2020 01:34am

World

White House's Kushner headed to Saudi, Qatar: reports

The visits would focus on resolving a dispute between Qatar and a Saudi-led alliance, the Wall Street Journal reported, but a number of issues could be on the agenda.

Published 30 Nov, 2020 02:00pm

World

Israel, Saudi Arabia secret meeting proves fruitless as both sides fail to reach normalization pact

The talks between Netanyahu and Crown Prince Salman failed to yield positive results in a blow to outgoing US President Donald Trump administration’s efforts to reorder the politics of the region and build a defence in opposition to Iran

Published 29 Nov, 2020 10:11am

World

UK securely deployed units to guard Saudi Arabia oil fields: report

The UK's Ministry of Defence commenting on the issue stated that oil fields are "critical economic infrastructure" and that gunners from the 16th Regiment Royal Artillery were needed to help defend against drone strikes.

Updated 28 Nov, 2020 02:54pm

World

Covert Israeli-Saudi meeting sends Biden a strong message on Iran

Last Sunday’s covert meeting in the Saudi city of Neom, confirmed by Israeli officials but publicly denied by Riyadh, conveyed a coordinated message to U.S. President-elect Joe Biden that Washington’s main allies in the region are closing ranks.

Published 27 Nov, 2020 05:58pm

World

Saudi cabinet says Houthi attacks target backbone of global economy, security of its supplies: SPA

The cabinet also stressed the importance of facing up to “such sabotage and terrorist acts and the parties behind them.”

Published 25 Nov, 2020 09:20am

Pakistan

Pakistan condemns Houthi missile attack on Saudi Oil facilities

"We reaffirm our full support and solidarity with the brotherly Kingdom of Saudi Arabia against any threats to its security and territorial integrity," FO said.

Published 24 Nov, 2020 02:55pm

World

Saudi foreign minister denies meeting between Crown Prince and Israeli officials

Earlier, Israeli media said Netanyahu had secretly flown on Sunday to Neom, on the Red Sea, for talks with Crown Prince Mohammed bin Salman and U.S. Secretary of State Mike Pompeo.

Updated 23 Nov, 2020 07:29pm

Markets

Iraq, Saudi Arabia border crossing opens for trade, first time since 1990

Arar has been closed since 1990 after the two countries cut ties following Saddam Hussein's invasion of Kuwait.
Riyadh has been wooing Baghdad as part of an effort to stem the growing regional influence of Iran.

Published 18 Nov, 2020 07:31pm

Life & Style

First Saudi ladies golf title draws charges of 'sportswashing' the kingdom's image

Crown Prince Mohammed bin Salman has accelerated investment in glitzy sports and entertainment events in a bid to improve Saudi Arabia's reputation.

Updated 17 Nov, 2020 11:02am

Technology

Digital Cooperation Organization consisting of Pakistan, Saudi Arabia established

The Digital Cooperation Organization will include seven countries, including Pakistan, Saudi Arabia, Bahrain, the United Arab Emirates and Egypt, while India has not been included in the seven-nation Digital Cooperation Organization plan.

Published 13 Nov, 2020 04:21pm

World

Several feared injured in "bomb attack" at Remembrance Day ceremony in Saudi Arabia

French Ministry says the annual ceremony commemorating the end of the First World War at the non-Muslim cemetery in Jeddah, involving several consulates general - including the French consulate - was the target

Published 11 Nov, 2020 04:20pm

Business & Finance

KSA allows all airlines to bring Umrah and visit visa passengers

The Saudi General Authority for Civil Aviation has issued formal orders for permission to all airlines.

Published 06 Nov, 2020 12:38pm

Sports

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

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

Markets →

Calculate your monthly liability in FY24

Saudi Arabia

Most Popular