Bitdeer Technologies has said that it plans to go public by merging with blank-check firm Blue Safari Group Acquisition Corp in a deal, valuing the cryptocurrency mining platform at $4 billion, Arab News reported. The Singapore-based company was spun-off from Chinese Bitcoin mining giant Bitmain in January and has been doubling down on its adoption … Read more
JEDDAH: Three global alliances have applied to submit green hydrogen projects in Egyptian regions of Sukhna and East-Port Said, Arab News quoted a statement by the Egyptian cabinet. The head of the Suez Canal Authority, Yahya Zaki, pointed out the possibility of implementing the three projects in parallel. Zaki’s statements came during a meeting held … Read more
JEDDAH: The Iraqi Ministry of Agriculture has warned of a crisis in wheat production caused by water scarcity, with production deficit reaching two million tonnes this year, Arab News reported. Muhammad Al-Khafaji pointed out that the water problem and the scarcity of funds reduced the agricultural plan by 50 per cent, according to the Iraqi … Read more
RIYADH: Marriott International plans to double the number of its hotels in Saudi Arabia, Arab News quoted Saudi Minister Ahmad Al-Khateeb, as saying. In doubling the number of its hotels, Marriott will also create over 21,500 jobs that will support the Kingdom’s goal of 1 million new tourism jobs by 2030, Al-Khateeb said on his … Read more
CAIRO: Standard Chartered’s international Islamic banking network ‘Saadiq’ launched a $100 million Islamic financial programme in collaboration with the Malaysian Halal Development Corporation, to support SMEs, corporates and multinationals, Arab News reported. The programme was announced during the Halal Week taking place at the UAE Expo, as part of Standard Chartered’s Halal360 proposition, according to … Read more
CAIRO: The UAE’s telecom operator Etisalat has signed an agreement to acquire 100 per cent of elGrocer, an online marketplace for groceries operating across the country, according to MAGNiTT. The deal is to support Etisalat’s digital ambitions by enriching its services and driving an integrated product portfolio. elGrocer’s will complement Etisalat UAE’s existing marketplace services … Read more
CAIRO: Dubai International Airport will witness an increase of passengers to around 45 million to 50 million in 2022, from 27 million to 30 million in 2021, Arab News quoted Dubai Airports Co Deputy CEO Jamal Al Hai, as saying. These expectations are based on the Expo 2020 Dubai exhibition and its positive role in … Read more
KARACHI: One alleged robber was killed and another arrested during an encounter with police near Defence Central Library in DHA Phase-II area in Karachi on Friday. Defence police station officials said when they signaled the suspects to stop at Punjab Chowrangi, they fled. The suspects opened fire on police officials, when they followed them, they … Read more
ISLAMABAD: Attorney General of Pakistan (AGP) Khalid Javed Khan on Thursday said political parties should not politicise the issue of Indian spy Kulbhushan Jadhav. Earlier, as per the International Court of Justice (ICJ) decision, the joint session had passed to grant the Indian spy the right to appeal against his death sentence. Kulbhushan Jadhav was … Read more
ISLAMABAD: Election Commission of Pakistan (ECP) Secretary, Omar Hamid Khan on Thursday said even though the bill regarding electronic voting machines (EVMs) has passed, the ECP is not bound to hold elections according to it. “It took India 20 years and Brazil 22 years to get themselves on the machines. It will also take us … Read more
LAHORE: Indian Punjab Chief Minister (CM) Charanjit Singh Channi, along with his ministers, visited Gurdwara Darbar Sahib in Kartarpur, Narowal, on Thursday after reopening of the Kartarpur Corridor. Soon after the announcement of the reopening of Kartarpur Corridor by the Indian government on Wednesday, Indian Punjab CM Charanjit Singh Channi announced to visit the holy … Read more
KARACHI: In Nazim Jokhio murder case, the court ordered the new investigation officer to complete the probe till next hearing. The judicial magistrate Malir directed the investigating officer to complete the investigation and present challan of the case at the next hearing. During the hearing, the judicial magistrate said decision about adding the Terrorism Act … Read more
KARACHI: Veteran Pakistan Muslim League-N (PML-N) leader Shahid Khaqan Abbasi on Thursday said the electronic voting machines (EVM) would remove evidence of stealing of elections too. “Every matter that has been raised by the government is based on ill-intention,” Shahid Khaqan Abbasi said while addressing media in Karachi. He said the government was involved in … Read more
LAHORE: Special Assistant to Chief Minister Punjab on Information and Special Initiatives Hasaan Khawar on Thursday said the electronic voting machines had given the opposition an electric shock. “The EVMs are going to end match-fixing forever,” Hasaan Khawar said in a tweet alleging that the use of technology made the Pakistan Muslim League-N and Pakistan … Read more
ISLAMABAD: The National Accountability Bureau (NAB) on Thursday sought time from the accountability court of Islamabad for submitting response against former president Asif Ali Zardari’s plea for acquittal under the recently promulgated accountability ordinance, in the reference pertaining to mega money laundering. Accountability court judge Azam Khan was hearing the case. The accountability watchdog was … Read more
KARACHI: The Pakistani Rupee gained 11 paisas against the dollar in early trade at the interbank foreign exchange market on Thursday. The dollar is being traded at Rs173.65 at the opening of the interbank market. The exchange rate was closed at Rs173.76 on Wednesday November 17, 2021. The local currency recorded a significant gain during … Read more
KARACHI: The Pakistan Stock Exchange (PSX) opened on a bullish note as the KSE-100 index witnessed an increase of 87.25 points, or 0.19 per cent, in the first hour of trading on Thursday. The Pakistan equity market on Wednesday observed a profit-taking session on the back of concerns regarding the joint parliament session and anticipated … Read more
RAWALPINDI: Chief of Army Staff (COAS) General Qamar Javed Bajwa has expressed his complete satisfaction on the performance of newly inducted Chinese VT-4 tanks equipped with sophisticated technology and latest weapon system coupled with enhanced mobility. After witnessing a corps level exercise at Kharian, General Qamar Bajwa stressed that realistic training in peace time was … Read more
