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6 days 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 weeks 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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3 weeks 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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1 month 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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1 month 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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1 month 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...
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1 month ago | 
arab.news | Nirmal Narayanan |Nour El-Shaeri |Miguel Hadchity |Mohammed Al-Kinani
stc, Aramco among top Saudi workplaces; BCG tops UAE list: LinkedIn report /node/2596273/business-economy April 08, 2025 14:09 stc, Aramco among top Saudi workplaces; BCG tops UAE list: LinkedIn report RIYADH: Saudi telecommunication firm stc Group has been ranked the best workplace in the Kingdom, with energy giant Aramco placed second, a report by LinkedIn showed.
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1 month ago | 
arab.news | Reem Walid |Miguel Hadchity
Global markets plunged Monday following last week’s two-day meltdown on Wall Street, and President Donald Trump said he won’t back down on his sweeping new tariffs, which have roiled global trade. Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly. Trump’s tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system.
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1 month ago | 
arab.news | Reem Walid |Mohammed Al-Kinani |Miguel Hadchity |Nirmal Narayanan
Egypt’s economy expands 4.3% in second quarter, says minister /node/2594899/business-economy March 26, 2025 14:18 Egypt’s economy expands 4.3% in second quarter, says minister RIYADH: Egypt’s economy grew 4.3 percent in the second quarter of 2024-25, accelerating from 2.3 percent a year earlier, driven by structural reforms and rising private sector investment, Planning Minister Rania Al-Mashat said.
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1 month ago | 
arab.news | Nirmal Narayanan |Dayan Abou Tine |Reem Walid |Miguel Hadchity
KARACHI: IMF staff and Pakistani authorities have reached a staff-level agreement on the first review under Pakistan’s Extended Fund Facility (EFF) and on a new arrangement under the Resilience and Sustainability Facility (RSF), the IMF said on Tuesday. Islamabad secured the $7 billion EFF last summer to help claw its way out of an economic crisis, with an immediate disbursement of about $1 billion.
