RIYADH: The Saudi Export-Import (Exim) Bank has signed a reinsurance agreement with the French insurance company for foreign trade aimed at supporting exports of Saudi services and products in the global markets, Arab News reported. It also signed a memorandum of understanding with the French export guarantee company, Bpifrance Assurance Export, to enhance cooperation between … Read more
RIYADH: The total value of point of sale transactions in the kingdom fell 3.3 per cent to SR10 billion ($2.7 billion) in the week ended November 6, compared with SR10.3 billion in the previous week, Arab News quoted the Saudi Central Bank, as saying. According to the SAMA’s weekly report, the number of transactions slid … Read more
JEDDAH: Saudi Arabia’s Emaar the Economic City (EEC) reported that its net losses narrowed 19 per cent in the first nine months of 2021 from a year ago, Arab News reported. The net losses for January-September reached SR545 million ($145 million), down from SR674 million in the same period a year ago, according to a … Read more
CAIRO: Egypt’s headline inflation, covering urban consumer price, decreased to 6.3 per cent on an annual basis in October from an annual rate of 6.6 per cent in September, Arab News quoted CAPMAS, the country’s statistics agency, as saying. The decrease in the headline inflation is attributed to a weaker non-food inflation, which fell to … Read more
JEDDAH: Kuwait Airways achieved profits in September of SR61.8 million ($16.5 million), compared to a loss of SR123.7 million in the same month of 2019, Arab News quoted Kuwait Airways chairman, as saying. Ali Al-Dukhan said in a press conference that the company faced many difficulties during the Covid-19 outbreak following the suspension of flights … Read more
KABUL: Afghanistan’s Taliban rulers said Wednesday that the threat posed by the Islamic State group in the country was “more or less under control” despite recent bloody attacks that have killed dozens. Spokesperson Zabihullah Mujahid told a news conference that IS was “not a great threat”, adding that around 600 members or sympathisers had been … Read more
RIYADH: The National Debt Management Center (NDMC) completed receiving investors’ requests of the third international offering during 2021 for Sukuk and bonds under the kingdom’s Global Trust Certificate Issuance programme and the Global Medium-term Note Issuance programme, Arab News reported. The total order book reached over $11 billion, which oversubscribed 3.5 times, the NDMC said … Read more
SRINAGAR: India has sent thousands more paramilitary troops into illegally-occupied Kashmir, one of the world’s most militarised zones, after a string of alleged targeted killings by freedom fighters in recent weeks, officials said Wednesday. New Delhi has for decades stationed at least 500,000 soldiers in the divided Himalayan territory. “Around 2,500 troops have arrived and … Read more
MUMBAI: Indian police arrested a software engineer on Wednesday for allegedly threatening to rape the infant daughter of cricketer Virat Kohli following India’s defeat to arch-rival Pakistan in the T20 World Cup. Indian cricketers have faced a barrage of online hate and threats after crashing out of the Twenty20 international tournament. Police said investigators from … Read more
ISLAMABAD: Prime Minister Imran Khan on Tuesday said the Kartarpur Corridor reflected his government’s commitment to minority rights and interfaith harmony. On the second anniversary of the Kartarpur Corridor, Imran Khan described it as a corridor of interfaith harmony that allows India’s Sikh community special access to one of their holiest sites. In a series … Read more
GAZA CITY, Palestinian Territories: Hamas organisation which rules the Gaza Strip said Tuesday it had sentenced three people to death, two of them for collaborating with its enemy Israel. The Hamas military court said recent rulings “included three death sentences, two of them against collaborators with the occupation, and the third against a drug dealer”. … Read more
SINGAPORE: Singapore will from next month stop paying coronavirus medical bills of those who are unvaccinated by choice, officials have said, as a fierce outbreak put the city-state’s healthcare system under strain. The tiny country is experiencing its worst Covid-19 wave since the start of the pandemic, reporting around 2,000-3,000 cases a day and a … Read more
KARACHI: The coronavirus positivity ratio of the country dropped below one per cent for the first time since March 2020, data showed on Tuesday. The fresh statistics released by the National Command and Operation Centre (NCOC) revealed that the Covid-19 positivity ratio during the last 24 hours was 0.94 per cent, with 400 positive cases … Read more
KARACHI: The budget deficit for the first quarter (July-September) of the current fiscal year narrowed to 0.8 per cent of the GDP, compared with the deficit of 1.1 per cent in the same quarter of the last fiscal year, according to details released by the Finance Ministry on Tuesday. The GDP for the fiscal year … Read more
ISLAMABAD: The Election Commission of Pakistan (ECP) released another report about the breach of duty by the 20 presiding officers (POs) and security staff overseeing the NA-75 Sialkot-IV by-election held on February 19, 2021. The 133-page fact-finding report blames some police officers for their ‘serious’ involvement in the manipulation of the election process and taking … Read more
NEW YORK: A Pakistani-American man, Danish Baig, was among the eight people who died in a stampede during rap star Travis Scott’s Astroworld music festival in Houston, Texas on November 5. The deaths happened near the stage when the crowd surged towards it, with some suffering cardiac arrests and other medical trauma, officials said. Houston … Read more
KHUZDAR: The Counter-Terrorism Department (CTD) of the police on Tuesday gunned down two suspected terrorists during an operation in the Sarona area of Khuzdar district. According to a CTD spokesperson, the terrorists were members of the banned organisation Baloch Liberation Front. “Two 9MM pistols, two hand grenades, one motorcycle, four magazines and 34 live rounds … Read more
WASHINGTON: World Bank President David Malpass indicated Monday that the institution is unlikely to resume direct aid to Afghanistan, after suspending financing at the end of August when the Taliban seized power. “I would not envision us operating inside given the full breakdown” of the economy, he said in a conversation at the Center for … Read more
