Saudi real estate fund launches financing programme

RIYADH: Saudi Arabia’s Real Estate Development Fund launched a programme to help real estate developers obtain funding from different financial institutions, Arab News reported. The Tatweer programme aims at supporting real estate developers to increase the supply of housing units to meet the market demand and contribute to achieving the target of Saudi Vision 2030 … Read more

Bahrain close to start qualifying developers for ‘metro project’

RIYADH: Bahrain is qualifying developers for its first metro project, Asharq Alawsat reported, citing Bahraini Minister of Transport and Communications, Kamal Ahmed. The first phase of Bahrain Metro project, which consists of several phases, will be approximately 29 kilometers and include 20 stations, he added. He explained the project will attract international investors and will … Read more

China’s exports stay strong, trade surplus hits $84 billion

China’s exports remained strong in October, a positive sign for an economy trying to weather power shortages and the Covid-19 outbreaks, Arab News reported. The country’s customs agency said that exports totaled $300.2 billion, up 27.1 per cent from a year ago. That was down from a 28.1 per cent increase in September but still … Read more

Egypt discusses ways to boost gas exports to Europe

CAIRO: The European Union (EU) aims at strengthening cooperation with Egypt in the field of energy, Arab News quoted Kadri Simson, commissioner for energy affairs of the EU, as saying, during a meeting with Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla. El Molla and the EU official discussed ways to increase coordination … Read more

Abu Dhabi pitch curator dies before T20 World Cup match

ABU DHABI: Abu Dhabi cricket’s long-serving pitch curator passed away on Sunday but the Twenty20 World Cup match between New Zealand and Afghanistan went ahead as planned. Mohan Singh died on Sunday morning after being in charge of the Abu Dhabi pitches for 15 years. “We are deeply saddened and our thoughts and prayers are … Read more

Face legal action over ECP’s Daska polls report, Shehbaz says to PM

LAHORE: Pakistan Muslim League-N (PML-N) President Shehbaz Sharif on Sunday demanded from Prime Minister Imran Khan to face the legal consequences after the Election Commission of Pakistan (ECP) report about the NA-75 Daska by-polls. Talking to media, Shehbaz Sharif said, “If Imran Niazi has even a little respect for law, democracy and political ethics then … Read more

‘Pakistan fared relatively better amid global commodity price hike’

ISLAMABAD: Prime Minister Imran Khan on Sunday said Pakistan had comparatively managed “much better” than other countries amidst unprecedented price hike of commodities caused by the COVID-19 lockdown. “An unprecedented rise in commodity prices internationally had adversely affected most of the countries in the world as a result of the COVID lockdowns,” PM Imran Khan … Read more

Criminal probe opened into deadly stampede at Travis Scott concert in Houston

At least two investigations, one of them criminal, were underway on Sunday into the deadly stampede during rap star Travis Scott’s Astroworld music festival that killed at least eight people and injured dozens in Houston. Officials in Houston said autopsies on Friday’s victims were being performed as soon as possible so their bodies could be … Read more

Opposition coalition is fragmented, says Fawad Chaudhry

Govt decides to offer permanent residency to foreign investors

ISLAMABAD: Pointing towards differences among the Pakistan Development Movement (PDM) parties, Minister for Information and Broadcasting Chaudhry Fawad Hussain on Sunday said Pakistan’s opposition coalition was fragmented having no similarity in ideology. “The Pakistan Tehreek-e-Insaf (PTI) is the only national party which has a national agenda,” Fawad Chaudhry tweeted. He said some parties had vote … Read more

Climate crisis could give nuclear energy a second wind

For more than two decades, promoters and purveyors of nuclear energy felt shunned at UN climate change conferences. At the COP26 summit underway in Glasgow, however, they have been welcomed with open arms, the UN’s top nuclear regulator told AFP. The spectre of Chernobyl and Fukushima, along with the enduring problem of nuclear waste, kept … Read more

Two suspects confess to killing Nazim Jokhio in Karachi

KARACHI: Two suspects arrested in the murder case of Nazim Jokhio have confessed to killing the victim in Malir Memon Goth area of Karachi. Investigation sources have quoted the suspects, Mir Ali and Haider, as saying that Nazim Jokhio was beaten with sticks to death, while he was trying to escape from the Jam House … Read more

Algerian farmer’s olive oil wins global recognition

Hakim Alileche left a successful career in graphic design and moved to the Algerian countryside to produce “magic potion” — organic olive oil that has won him international recognition. The 48-year-old says he chose the Ain Oussera plateau for its cheap land and water supply. His oil won first prize at the Dubai Olive Oil … Read more

These female Pakistani directors are revolutionising the media industry

Sharmeen Obaid-Chinoy Internationally lauded and the recipient of two Academy Awards, seven Emmy Awards, including a Knight International Journalism Award, Sharmeen Obaid-Chinoy is a powerhouse in the media industry. As a journalist, filmmaker and activist, her visual contributions to social activism are unparalleled, especially through her two internationally acclaimed documentaries, ‘A Girl in the River’ … Read more

Iraq PM calls for calm after drone attack on his residence

BAGHDAD: Iraq’s Prime Minister Mustafa al-Kadhemi said he was unhurt and appealed for “calm and restraint” after a drone attack on his residence early Sunday as political tensions mounted in the country. The attack in Baghdad’s Green Zone was the first to target the residence of Kadhemi, who has been in power since May 2020, … Read more

Country to produce surplus sugar this year, claims Muzzammil Aslam

KARACHI: Focal Person of the Finance Ministry Muzzammil Aslam has claimed that the country would produce surplus sugar this year. “The crushing of sugarcane begins from October 15 in Sindh but it has not been started so far,” he said blaming the provincial government for the delay in crushing which allegedly created the fresh sugar … Read more

Islamabad took no measures to end shortage of sugar: Saeed Ghani

KARACHI: The blame game over the ongoing sugar crisis continues as, after the centre, Sindh, on Saturday, held Islamabad responsible for the serious commodity shortage in the country. “The federal government took no measures from August till now to end the sugar shortage,” said Sindh Minister for Information and Labour and Pakistan People’s Party (PPP) … Read more