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2 weeks ago | 
arab.news | Reem Walid |Nirmal Narayanan |Miguel Hadchity |Dayan Abou Tine
Saudi ports post 13% rise in container volume in May: Mawani /node/2603838/business-economy June 08, 2025 14:25 Saudi ports post 13% rise in container volume in May: Mawani Imported containers rose 15.84% from a year earlier to 292,223 TEUs Exported volumes increased 9.38% to 279,318 TEUs RIYADH: Saudi Arabia’s seaports handled 720,684 twenty-foot equivalent units in May, a 13 percent year-on-year jump, driven by growth in imports, exports, and transshipment activity, official figures showed....
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4 weeks ago | 
arab.news | Miguel Hadchity |Nirmal Narayanan |Nour El-Shaeri |Ismail Dilawar
ISLAMABAD: Pakistan’s government has decided to increase the price of petrol by Rs1 per liter till the next fortnight as per the recommendations of the Oil and Gas Regulatory Authority (OGRA) and relevant ministries, the Finance Division announced recently. Petrol is primarily used in Pakistan for private transportation, including small vehicles, rickshaws and two-wheelers. Diesel, on the other hand, powers heavy vehicles used for transporting goods across the country.
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1 month ago | 
arab.news | Nour El-Shaeri |Mohammed Al-Kinani |Miguel Hadchity |Reem Walid
Saudi Arabia opens three sports facilities to private investment /node/2601333/business-economy May 19, 2025 19:15 Saudi Arabia opens three sports facilities to private investment RIYADH: Saudi Arabia has unveiled a major initiative to open up key sports venues to private sector investment, signaling a significant step forward in the Kingdom’s efforts to transform the industry.
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1 month ago | 
arab.news | Nadin Hassan |Mohammed Al-Kinani |Reem Walid |Miguel Hadchity
RIYADH: Last week, the Argaam Financial Portal team organized the inaugural Argaam Summit, bringing together a distinguished group of experts and specialists from the financial sector to discuss the future trends of the financial market in the Kingdom of Saudi Arabia.
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1 month ago | 
arab.news | Miguel Hadchity |Nadin Hassan |Mohammed Al-Kinani |Ismail Dilawar
KARACHI: Prime Minister Shehbaz Sharif on Friday lauded the contribution of overseas Pakistanis as workers’ remittances surged to a record $31.2 billion during the first ten months of the current fiscal year, with Saudi Arabia emerging as the top source of inflows. According to data released by the State Bank of Pakistan (SBP), remittances rose by 30.9 percent during July-April FY25 compared to $23.9 billion received in the same period last year.
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2 months ago | 
arab.news | Mohammed Al-Kinani |Miguel Hadchity |Nirmal Narayanan |Nour El-Shaeri
WASHINGTON: Global finance leaders came to Washington this past week seeking clarity on what it would take to get some relief from President Donald Trump’s multi-layered tariff assault and on just how much pain it will bring to the world economy. Most headed home with more questions than answers.
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2 months ago | 
arab.news | Mohammed Al-Kinani |Reem Walid |Nirmal Narayanan |Miguel Hadchity
ZURICH: Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a symbol of globalization, has resigned as chair of its trustees. The Geneva-based WEF made the announcement on Monday after revealing earlier this month that the 87-year-old Schwab, who for decades has been the face of the Davos get-together, would be stepping down, without giving a firm timeline.
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2 months ago | 
arab.news | Reem Walid |Mohammed Al-Kinani |Miguel Hadchity |Ismail Dilawar
KARACHI: Pakistan’s central bank governor on Monday said the current account would show a “substantial” surplus this year through June mainly on the back of a record inflow of remittances which crossed the $4 billion mark in March, with Saudi Arabia once again topping the list of biggest contributors.
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2 months ago | 
arab.news | Nour El-Shaeri |Miguel Hadchity |Mohammed Al-Kinani |Dayan Abou Tine
RIYADH: Startups across the Middle East, North Africa and South Asia are securing fresh capital and expanding into new markets, signaling strong investor confidence. Saudi-based business-to-business marketplace Sary has announced it will merge with Bangladesh’s commerce platform ShopUp to create the SILQ Group, a newly formed entity aiming to transform cross-border trade across South Asia and the Gulf.
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2 months ago | 
arab.news | Reem Walid |Miguel Hadchity |Ismail Dilawar
Global markets rattle as US tariffs on China hit 145% /node/2596581/business-economy April 10, 2025 19:30 Global markets rattle as US tariffs on China hit 145% Initial market gains wiped out; US stocks dive and oil slumps over renewed trade fears WASHINGTON: The global economy was thrown into turmoil on Thursday as the US-China trade war sharply escalated, overshadowing a temporary sense of relief sparked by President Donald Trump’s earlier decision to scale back sweeping tariffs on other...
