Economic diversification: Saudi Arabia non-oil business activity accelerates in Feb

As Crown Price Mohammed bin Salman is leading the charge to make Saudi Arabia an economic and industrial hub by pursuing a strategy designed to minimise the country’s dependence on oil through economic diversification, a latest survey on Tuesday showed that non-oil business activity in Saudi Arabia rebounded in February – supported by the fastest […]

CLICK HERE TO READ MORE

Rising dollar complicates worldwide efforts to fight inflation

A stronger-than-expected US economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialise. The dollar index, which measures the buck against a basket of its peers, is up 2.4 per cent year-to-date. Net bets on the dollar in futures […]

CLICK HERE TO READ MORE

Dar, the close aide of elder Sharif, wasn’t at Shehbaz Sharif’s first meeting

Ishaq Dar – a close aide of PML-N supremo Nawaz Sharif – was missing when Prime Minister Shehbaz Sharif chaired a meeting of economic team on Monday soon after taking oath of his office for a second term. Certainly a huge news from several angles, if Dar isn’t the economic czar in the PML-N government […]

CLICK HERE TO READ MORE

Why a leaked German military recording is causing outcry

Russian media last week published an 38-minute audio recording of an intercepted online call between senior German military officials about how to support Ukraine against the Kremlin’s invasion. Germany’s government has confirmed the veracity of the call. This is what the officials discussed and the reactions to the security breach: WHAT WAS DISCUSSED DURING THE […]

CLICK HERE TO READ MORE

Maldives signs China defence deal as India prepares exit

The Maldives has signed a “military assistance” deal with China after ordering Indian troops deployed in the small but strategically-placed archipelago to leave, officials said Tuesday. Some 89 Indian military personnel in the country will be gone by May 10 after having been previously ordered out by pro-China President Mohamed Muizzu, who came to power […]

CLICK HERE TO READ MORE

Hanoi chokes as Vietnam capital tops most polluted cities list

Vietnamese capital Hanoi was blanketed by a thick haze of pollution on Tuesday that obscured high-rise buildings and left the city’s nearly nine million people breathing toxic air. The city topped air monitoring website IQAir’s table of the world’s most polluted cities early Tuesday afternoon. Levels of PM2.5 pollutants – cancer-causing microparticles small enough to […]

CLICK HERE TO READ MORE

Coast-to-coast Super Tuesday contests poised to move Biden and Trump closer to November rematch

President Joe Biden and former President Donald Trump are poised to move much closer to winning their party’s nominations during the biggest day of the primary campaign on Tuesday, setting up a historic rematch that many voters would rather not endure. Super Tuesday elections are being held in 16 states and one territory — from […]

CLICK HERE TO READ MORE

Vietnam property tycoon on trial in $12.5 billion fraud case

A top Vietnamese property tycoon went on trial Tuesday along with dozens of others, accused of embezzling $12.5 billion in the country’s biggest ever fraud case. Truong My Lan, chair of major developer Van Thinh Phat, is said to have swindled the cash from Saigon Commercial Bank (SCB) over the course of a decade, leaving […]

CLICK HERE TO READ MORE

ECP suspends notification of Mohan Manjiani as MNA on reserved seat

The Election Commission of Pakistan (ECP) on Monday suspended the notification of Mohan Manjiani as an MNA on reserved seat.  The ECP notification reads: “Pursuant to the Order of Election Commission of Pakistan dated 28th February 2024, the operation of Notification regarding Seats Reserved for Non-Muslims in the National Assembly of Pakistan No.F.5(1)t2024-Cord dated 23 […]

CLICK HERE TO READ MORE

Emir of Qatar congratulates PM Shehbaz on his election

The Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, on Monday felicitated Shehbaz Sharif on his election as the prime minister of Pakistan for the second time. The emir, who sent a cable of congratulations to the prime minister, wished him success and for further development and growth of bilateral relations, according to the state-run […]

CLICK HERE TO READ MORE