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5 days ago | 
arab.news | Nirmal Narayanan |Nadin Hassan |Fatimah Amjad
Co-processing can help Middle East become sustainable aviation fuel hub: IATA official /node/2603080/business-economy June 02, 2025 13:51 Co-processing can help Middle East become sustainable aviation fuel hub: IATA official NEW DELHI: The Middle East has all the potential to emerge as a global hub for sustainable aviation fuel production thanks to co-processing opportunities available in the region, according to a top official.
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1 week ago | 
arab.news | Reem Walid |Nadin Hassan |Nour El-Shaeri |Dayan Abou Tine
KARACHI: The Pakistani government has allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and Artificial Intelligence (AI) data centers, the finance ministry announced on Sunday, in a push to transform Pakistan into a global leader in digital innovation.
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2 weeks ago | 
arab.news | Nadin Hassan |Dayan Abou Tine |Mohammed Al-Kinani |Ismail Dilawar
Closing Bell: Saudi main index ends lower at 11,303 /node/2601614/business-economy May 21, 2025 16:29 Closing Bell: Saudi main index ends lower at 11,303 MSCI Tadawul 30 Index lost 19.78 points to close at 1,441.01 Parallel market Nomu declined 110.94 points to end at 27,417.62 RIYADH: Saudi Arabia’s Tadawul All Share Index closed in the red on Wednesday, falling 134.5 points, or 1.18 percent, to settle at 11,303.68.
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2 weeks 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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3 weeks ago | 
arab.news | Reem Walid |Mohammed Al-Kinani |Nadin Hassan
ISLAMABAD: Bulls took charge of the local bourse today, Thursday, as the Pakistan Stock Exchange surged to new heights, fueled by optimism surrounding upcoming budget announcements and the release of a $1 billion tranche by the IMF, analysts said. Pakistan on Wednesday received the second tranche of special drawing rights worth 760 million ($1,023 million) from the IMF under an extended fund facility (EFF) program.
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4 weeks 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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1 month ago | 
arab.news | Nadin Hassan |Haifa Alshammari |Nour El-Shaeri |Ismail Dilawar
KARACHI: The International Monetary Fund’s (IMF) Executive Board will meet on May 9 to review its staff-level agreement with Pakistan for an ongoing $7bn bailout program and a new climate resilience loan scheme with Islamabad, the global lender said on its website recently.
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1 month ago | 
arab.news | Haifa Alshammari |Nour El-Shaeri |Nadin Hassan |Mohammed Al-Kinani
ISLAMABAD: Pakistan’s average inflation is expected to remain in the 5.5-7.5% range in the fiscal year ending June 2025, the country’s central bank said in its half-yearly economic report this week, stating that its real GDP growth is expected to hover between 2.5-3.5%. Pakistan’s economy has improved in recent months, supported by declining inflation, which caused the central bank to reduce its policy rate to 12% after a series of cuts totaling 1,000 basis points since June 2024.
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1 month ago | 
arab.news | Nadin Hassan |Nour El-Shaeri |Ismail Dilawar |Naimat Khan
KARACHI: World Liberty Financial (WLF), a decentralized finance platform backed by US President Donald Trump, signed a letter of intent with Pakistan’s Crypto Council on Saturday to advance blockchain innovation, stablecoin adoption and decentralized finance (DeFi) integration across the South Asian country. The agreement, signed in Islamabad, comes as Pakistan looks to formalize its crypto economy amid rising interest in blockchain technologies.
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1 month ago | 
arab.news | Nadin Hassan |Nour El-Shaeri |Nirmal Narayanan |Ismail Dilawar
WASHINGTON: Pakistan has put in a request to China to augment its existing swap line by 10 billion yuan ($1.4 billion), Finance Minister Muhammad Aurangzeb said, adding he expected the country would launch a Panda bond before year-end. Pakistan has an existing 30 billion yuan swap line already, Aurangzeb told Reuters in an interview on the sidelines of the International Monetary Fund and World Bank Group spring meetings in Washington.
