Trends - Saudi Arabia - Business Recorder

Saudi Arabia

Italy makes permanent arms sale freeze to Saudi Arabia

ROME: Italy on Friday revoked approval for arms sales to Saudi Arabia and the United Arab Emirates over the conflict...

Published 30 Jan, 2021 03:55am

Pakistan

Saudi prince arrives in Pakistan to hunt houbara bustards

The governor of Saudi Arabia’s Tabuk region has arrived in Pakistan for three weeks for hunting houbara bustard in Dalbandin, Balochistan.
According to authorities, a camp city has been set up for the visiting prince in Dalbandin, where he will hunt the endangered birds.

Published 28 Jan, 2021 11:51am

Markets

Saudi Arabia raises $5bn via dual-tranche bonds

The kingdom on Tuesday sold $2.75 billion in 12-year bonds at 130 basis points (bps) over 10-year US Treasuries and $2.25 billion in 40-year notes at 3.45%.
It drew more than $13 billion in orders for the 12-year bonds and over $9 billion in orders for the 40-year paper.

Updated 27 Jan, 2021 11:23pm

Business & Finance

Saudi Arabia hosts 'Davos in Desert' amid pandemic

But the following year, the fallout over journalist Jamal Khashoggi's murder by Saudi agents in Istanbul prompted a wave of business and political leaders to pull out of the glitzy conference at the last minute.

Published 27 Jan, 2021 12:17pm

Markets

Saudi Arabia tightens guidance for dual-tranche bonds, orders top $18bn

t received over $18 billion in orders for the debt sale, with a skew towards the 12-year tranche.
It tightened the 12-year tranche by 25 bps and the 40-year tranche by 20 bps from initial price guidance.

Published 26 Jan, 2021 08:52pm

World

Saudi Arabia in talks with vaccine companies to provide vaccines to Yemen, Africa

We are negotiating with a lot of the vaccination companies to provide more vaccination particularly to low income countries

Published 26 Jan, 2021 01:58pm

World

Indonesia seizes Iranian and Panamanian tankers

Iran has previously been accused of trying to conceal its oil sales to avoid crippling US sanctions.

Published 25 Jan, 2021 11:24am

Markets

Oil prices fall for 2nd session as COVID-19 lockdown concerns cast pall over demand prospects

Iran's oil minister said on Friday the country's oil exports have climbed in recent months and its sales of petroleum products to foreign buyers reached record highs despite US sanctions.

Published 25 Jan, 2021 10:44am

World

Saudi-led forces thwart air attack on Riyadh: Saudi TV

The alliance intervened in Yemen in 2015 after the Houthis ousted the internationally recognised government from power in the capital.

Published 24 Jan, 2021 06:54pm

World

Saudi Arabia expects 'excellent relations' with Biden administration

I am optimistic. Saudi Arabia has built solid, historical relations where it worked with different administrations.
We will continue to do that as well with President Biden," Prince Faisal bin Farhan Al Saud said.

Published 23 Jan, 2021 05:33pm

Pakistan

UN adopts resolution sponsored by Pakistan, OIC countries on protection of holy sites

It condemns offences against religious sites and also denounces any move to obliterate or forcibly convert any religious sites.
Pakistan will continue to play a leading role in denouncing violent attacks on religious sites, Munir Akram said.

Published 22 Jan, 2021 01:35pm

World

Pakistan’s religion ministry proposes expansion of ‘Road to Makkah’ project

Pakistan's Ministry of Religious Affairs presented a summary to the Economic Coordination Committee, to scale up the Road to Makkah project.
Under the Road to Makkah Project, initiated by Saudi Arabia, all the immigration requirements of pilgrims would be sorted out at the airport of origin.

Published 21 Jan, 2021 02:17pm

Markets

Saudi Arabia pips Russia to be China’s biggest oil supplier in 2020

BEIJING/SINGAPORE: Saudi Arabia, the world’s biggest oil exporter, beat Russia to keep its ranking as China’s ...

Published 21 Jan, 2021 04:23am

Markets

Saudi Arabia beats Russia in tight race for China oil supply, US imports soar

Saudi Arabia has played catch up as a supplier since November with steep cuts in prices to woo customers, overtaking Russia, which had led for most of 2020 with more flexible logistics and geographical proximity to Chinese refiners.

Published 20 Jan, 2021 10:57am

Markets

China drew on crude oil inventories in December, unlikely to become a trend: Russell

Certainly, the start of the new year and with it the new crude import permits is likely to see January imports recover strongly from December's soft outcome.

Published 19 Jan, 2021 11:20am

S Arabia reports sharp drop in executions

RIYADH: Saudi Arabia on Monday reported a sharp drop in executions in 2020, as the kingdom seeks to blunt...

Published 19 Jan, 2021 04:22am

Pakistan

Pakistan condemns terrorist attack on village in Saudi Arabia

Pakistan reiterates support and solidarity with the Kingdom of Saudi Arabia against any threats to its security and territorial integrity, the Spokesperson maintained.

Published 18 Jan, 2021 06:48pm

World

Saudi reports sharp drop in executions in 2020

Saudi Arabia put 184 people to death in 2019, according to Amnesty International, which said it was the highest number ever recorded in a single year in the kingdom.

Published 18 Jan, 2021 04:51pm

World

FO condemns Houthi attack on Saudi Arabia’s Jazan region

On Sunday, three civilians including a man and two children were injured when a military projectile launched by the Houthi militants hit the border villages in Al-Ardha governorate of Jazan.

Published 18 Jan, 2021 04:25pm

Markets

Saudi's NCB looks to bolster Tier 1 with dollar sukuk

A benchmark issuance of Tier 1 sukuk, or Islamic bonds, will follow subject to market conditions, according to a document from one of the banks on the deal.

Published 17 Jan, 2021 12:02pm

World

Saudi to reopen Qatar embassy in coming days

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt imposed a diplomatic, trade and travel embargo on Qatar in mid-2017 accusing it of supporting terrorism.
The countries have opened up their air spaces to each other and some flights have resumed.

Published 16 Jan, 2021 06:59pm

Markets

Australia shares flat as markets eye stimulus, earnings

The ASX 300 metals and mining index rose 1%, led by Iluka Resources, up 5.3%, followed by MACA Ltd , up 4.5?%.

Published 13 Jan, 2021 11:41am

Business & Finance

Saudi Aramco cuts Feb crude supply to some Asian refiners, sources say

Most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.

Published 13 Jan, 2021 09:23am

World

Saudi welcomes US labelling Yemen rebels 'terrorists'

It is in line with the legitimate Yemen government's calls to put an end to the activities of the militia supported by Iran.

Published 11 Jan, 2021 09:29pm

World

First Qatar to Saudi flight takes off after thaw

The first commercial flight between Qatar and Saudi Arabia in three and a half years took off from windswept Doha airport around 1100 GMT.

Published 11 Jan, 2021 04:40pm

Markets

Saudi cut to boost oil market de-stocking, even as demand falters

It expects the oil market to be in deficit for the remainder of the year, peaking at 2.3 million bpd in September, or nearly 3% of global oil supplies for that month.

Published 10 Jan, 2021 01:10pm

World

Qatar-Saudi border reopens after thaw

Saudi Arabia, UAE, Bahrain and Egypt which also imposed an embargo on travel and trade.
They agreed to lift the restrictions at a GCC summit in the kingdom on Tuesday.

Published 09 Jan, 2021 06:23pm

World

First Qatari vehicles cross border into Saudi after Gulf détente

It's good the crisis has been resolved, and the warm welcome we had, and the happiness we see in our brothers.
So far no flights have resumed between Qatar and the four Arab states. Qatar Airways on Thursday began re-routing some of its flights through Saudi airspace.

Published 09 Jan, 2021 05:55pm

Pakistan

Noorul Haq Qadri says Hajj will be more expensive this year

He said Pakistan’s Haj Directorate in Jeddah is in regular contact with the Saudi Hajj Secretariat and whether the kingdom will allow pilgrims this year.
He said they have requested the Ministry of National Health Services Regulations and Coordination to put the pilgrims in the priority category for the COVID-19 vaccine.

Published 09 Jan, 2021 11:36am

World

Saudi Arabia to lift travel ban on March 31

The country will allow its citizens to travel abroad and then return from March 31.
Will open all air, land and sea ports from the same date, the agency added.

Published 08 Jan, 2021 08:05pm

Gainers
Losers
Leaders

Stock	Price
Kohinoor Energy / Dec 1 Kohinoor Energy Limited(KOHE)	38.59 ▲ 2.69 (7.49%)
Pak Engineering / Dec 1 Pakistan Engineering Company Limited(PECO)	433.00 ▲ 27.01 (6.65%)
NBP PGETF / Dec 1 NBP Pakistan Growth Exchange Traded Fund(NBPGETF)	10.79 ▲ 0.54 (5.27%)
Pervez Ahmed Co / Dec 1 Pervez Ahmed Consultancy Services Ltd.(PASL)	1.18 ▲ 0.05 (4.42%)
Kohat Cement / Dec 1 Kohat Cement Company Limited(KOHC)	188.89 ▲ 6.68 (3.67%)
Leather Up Ltd. / Dec 1 Leather Up Limited(LEUL)	14.50 ▲ 0.50 (3.57%)
Nishat Power / Dec 1 Nishat Power Limited(NPL)	18.49 ▲ 0.60 (3.35%)
Meezan PakistanXD / Dec 1 Meezan Pakistan ETF(MZNPETF)	9.10 ▲ 0.29 (3.29%)
P.I.A.C.(A) / Dec 1 Pakistan International Airlines Corp(PIAA)	4.32 ▲ 0.13 (3.10%)
Punjab Oil / Dec 1 Punjab Oil Mills Limited(POML)	185.00 ▲ 5.49 (3.06%)

Stock	Price
Pak TobaccoXD / Dec 1 Pakistan Tobacco Company Limited(PAKT)	1005.00 ▲ -77.45 (-7.16%)
Masood Textile / Dec 1 Masood Textile Mills Limited(MSOT)	44.02 ▲ -3.17 (-6.72%)
Jahangir Sidd(Pref) / Dec 1 Jahangir Sidd(Pref)(JSCLPSA)	8.35 ▲ -0.27 (-3.13%)
National Foods / Dec 1 National Foods Limited(NATF)	158.00 ▲ -1.55 (-0.97%)
Power Cement / Dec 1 Power Cement Limited(POWER)	6.76 ▲ -0.02 (-0.29%)
Nishat Mills Ltd / Dec 1 Nishat Mills Limited(NML)	90.27 ▲ -0.13 (-0.14%)
Mod.Al-Mali / Dec 1 Modaraba Al-Mali(MODAM)	10.40 ▲ -0.01 (-0.10%)
Pak Oilfields / Dec 1 Pakistan Oilfields Limited(POL)	355.51 ▲ -0.02 (-0.01%)
Allied Bank / Dec 1 Allied Bank Limited(ABL)	79.24 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 1 Abbott Laboratories (Pakistan) Limited(ABOT)	740.00 ▼ 0.00 (0.00%)

Stock	Volume
Fauji Food (R) / Dec 1 Fauji Food Limited (R)(FFLR1)	2,058,000 ▼ 0.00
Kot Addu Power / Dec 1 Kot Addu Power Company Limited(KAPCO)	1,935,000 ▼ 0.00
Telecard Limited / Dec 1 Telecard Limited(TELE)	1,147,500 ▼ 0.00
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	1,007,500 ▼ 0.00
Oil & Gas Dev. / Dec 1 Oil & Gas Development Company Limited(OGDC)	865,688 ▼ 0.00
Treet Corp / Dec 1 Treet Corporation Limited(TREET)	836,000 ▼ 0.00
TRG Pak Ltd / Dec 1 TRG Pakistan Limited(TRG)	805,988 ▼ 0.00
Maple Leaf / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	777,537 ▼ 0.00
F. Nat.Equities / Dec 1 First National Equities Limited(FNEL)	687,000 ▼ 0.00
P.S.O. / Dec 1 Pakistan State Oil Company Limited(PSO)	671,204 ▼ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	176.40
USD PKR Interbank Buying / Jan 1	176.20
USD to Japanese Yen / Jan 1	113.66
USD to Swiss Franc / Jan 1	0.92
Pound Sterling to USD / Jan 1	1.33
Euro to USD / Jan 1	1.13
UK LIBOR % / Jan 1	0.07

Stock	Volume
S&P 500 / Jan 1	4655.27
India Sensex / Jan 1	57260.58
Tokyo Nikkei / Jan 1	28605.38
Nasdaq / Jan 1	15782.84
Hang Seng / Jan 1	23694.33
FTSE 100 / Jan 1	7109.95
Dow Jones / Jan 1	35135.94
Germany DAX 30 / Jan 1	15280.86
France CAC40 / Jan 1	6776.25

Item	Value
Crude Oil / Jan 1	70.89
Karachi Cotton Assoc. / Jan 1	17680.00
Gold 10 Grams / Jan 1	101700.00
Gold Spot / Jan 1	1788.35
Cotton / Jan 1	109.70

Saudi Arabia

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