Topic

Suez Canal

Suez echoes in the Gulf

Published 29 Apr, 2026 05:57am

History seldom repeats itself exactly, but it often rhymes. The Suez Crisis of 1956 was a pivotal moment in global...

Egypt economic outlook trimmed slightly due to Iran war

Published 26 Apr, 2026 11:19am

Gross domestic product growth will be 4.6% in the year to June, 4.6% next year ‌and 5.5% in 2027/28, according to the median estimate of 12 economists surveyed April 8-23

Hopes for Middle East peace grow as Israel discusses Lebanon ceasefire

Published 16 Apr, 2026 11:43am

Israel's cabinet met on Wednesday to discuss a possible ceasefire in neighbouring Lebanon

Bab al-Mandeb Strait: another key shipping route under threat

Published 28 Mar, 2026 04:28am

LONDON: Here are facts and figures about the Bab al-Mandeb strait, a crucial passage into the Red Sea that Iran has...

Houthis ready to join Iran war

Published 27 Mar, 2026 06:40am

ADEN/GENEVA: Yemen’s Iran-aligned Houthi movement, whose attacks on the Red Sea caused international shipping and...

Aviation, tourism, agriculture… the economic sectors hit by the war

Published 25 Mar, 2026 08:17pm

PARIS: The war in the Middle East is impacting numerous economic sectors and not only in the region, both by direct...

Increasing prospects of establishing an EU-India-ME strategic corridor and our response

Updated 17 Mar, 2026 06:51am

Conventional connectivity corridors have graduated from transport routes into integrated economic platforms that...

What are the challenges in securing shipping through the Strait of Hormuz?

Published 10 Mar, 2026 11:12pm

The US is seeking to calm oil markets concerned that a protracted war could cause a global energy crisis

Egyptian pound hits record low

Published 09 Mar, 2026 05:05am

CAIRO: Egypt’s currency fell to a record low, trading at over 52 to the US dollar on Sunday, as the economic fallout...

France deploys aircraft carrier to Mediterranean over Iran war

Published 04 Mar, 2026 02:42am

Macron said he was also sending additional air defence units to Cyprus

UAP railway line: ‘Suez Canal’ of Asia?

Published 17 Aug, 2025 02:53am

The Suez Canal changed the geopolitical and geo-economic landscape of the world. Before the Suez Canal, South Africa...

Egypt’s Suez Canal offers 15% discount for big container ships to win back trade

Published 13 May, 2025 04:45pm

CAIRO: Egypt’s Suez Canal will offer a 15% discount on transit fees for container ships with net tonnage of at least...

Panama, Suez canals: Trump urges ‘free’ transit for US ships

Published 28 Apr, 2025 05:47am

WASHINGTON: US President Donald Trump on Saturday urged free transit for American commercial and military ships...

Six Russians dead, 39 tourists rescued after submarine sinks in Red Sea off Egypt

Updated 28 Mar, 2025 10:50pm

CAIRO: Six Russians died on Thursday and 39 foreign tourists were rescued when a viewing submarine sank off the...

Egypt tests new extension of the Suez Canal

Published 30 Dec, 2024 05:47am

CAIRO: Egypt has tested a new 10-kilometre (6.2-mile) extension to the Suez Canal as it tries to minimise the impact...

British maritime agencies report blast incidents near Yemen's Hodeidah

Updated 13 Aug, 2024 11:50am

CAIRO: A ship's captain reported an explosion in the vicinity of the vessel located about 63 nautical miles ...

Egypt’s Suez Canal income falls amid Yemen Houthi attacks

Published 19 Jul, 2024 06:05am

CAIRO: Egypt’s Suez Canal on Thursday reported a 23.4-percent drop in revenues attributed to disruptions in Red ...

UKMTO flags missile near vessel south of Yemen’s Aden

Published 26 Jun, 2024 11:22am

CAIRO: The captain of a merchant vessel reported a missile hitting the water near the ship 52 nautical miles south...

Houthi attacks cut Suez Canal revenue by 40-50%: Egypt’s Sisi

Published 19 Feb, 2024 08:18pm

CAIRO: Egyptian President Abdel Fattah al-Sisi said Monday that revenues from the Suez Canal had “decreased by 40 to...

India’s small exporters reel as Red Sea crisis helps rivals nab business

Published 16 Feb, 2024 12:40pm

NEW DELHI: Atul Jhunjhunwala, an exporter in the Indian eastern city of Kolkata, is tearing his hair out, having...

More grain ships divert from Red Sea

Published 03 Feb, 2024 05:46am

HAMBURG: More ships carrying grain were diverted from the Suez Canal to routes around the Cape of Good Hope this ...

Russian oil flows through Red Sea still face lower risks

Published 01 Feb, 2024 12:08pm

LONDON: Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi...

Walmart and Adidas cargo aboard, one ship’s voyage to avoid the Red Sea

Published 31 Jan, 2024 05:46pm

LONDON: When the Maersk Tanjong set sail from Thailand on December 2, headed towards the Suez Canal to reach the...

US, British forces carry out new strikes in Yemen

Published 23 Jan, 2024 10:54am

WASHINGTON: US and British forces carried out a fresh round of strikes on Monday in Yemen, targeting a Houthi...

Red Sea crisis seeps into German chemicals sector

Published 22 Jan, 2024 12:18pm

FRANKFURT: Germany’s chemicals sector, Europe’s largest, is starting to feel the pinch from delayed shipments via...

More grain ships divert from Red Sea after attacks

Published 20 Jan, 2024 05:18am

HAMBURG: Attacks on shipping in the Red Sea region have in past days led to a sharp rise in the number of grain...

Maersk hopes international interventions, naval presence will allow Red Sea transit to return

Published 12 Jan, 2024 03:22pm

COPENHAGEN: Maersk hopes international interventions and a larger naval presence in the Red Sea will eventually lead...

Oil tankers continue Red Sea movements despite Houthi attacks

Updated 09 Jan, 2024 09:02pm

HOUSTON: Oil and fuel tanker traffic in the Red Sea was stable in December, even though many container ships have...

Maersk continues to schedule Suez journeys despite Houthi attack

Published 02 Jan, 2024 12:28pm

OSLO: Denmark’s Maersk still plans to sail more than 30 container vessels through the Suez Canal and the Red Sea in...

Oil prices drift lower

Published 29 Dec, 2023 02:58am

LONDON: Oil prices fell more than 1% on Thursday as concerns eased about shipping disruptions along the Red Sea...

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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