PARACHINAR: The aid and relief organisations of Pakistan have provided 2.2 tonnes of relief goods, including edibles and medicines to its Afghan brethren through Kharlachi Border in Kurram district. The border authorities said a convoy of 30 truckloads reached the border and handed it over to the Afghan authorities during a documentation signing ceremony. Kurram … Read more
RIYADH/CAIRO: In an unusual way to address the press in an Opec+ conference, the Saudi energy minister Prince Abdulaziz bin Salman shared a document that goes back to 1979 to show that the energy crisis of today is rooted back in the decision of the most developed nations then under the G-7 group, Arab News … Read more
DUBAI: The United Arab Emirates (UAE) aims to capture 25 per cent of the global hydrogen fuel market by 2030, state news agency WAM reported. The major oil producer also said that it was implementing more than seven ambitious hydrogen projects, targeting main export markets including Japan, South Korea, Germany and India, in addition to … Read more
RIYADH: The Islamic Development Bank (IDB) is providing more than $3 billion in financing for renewable energy projects, and more than $5 billion of sustainable Sukuk have been issued in the last four years, mostly to finance green projects, Muhammad Al-Jasser, the IDB’s president, told Al Arabiya. The bank issued Sukuk worth $1.5 billion, with … Read more
JEDDAH: Three private companies are to go public, offering around nine million shares in the initial public offerings (IPOs), Arab News quoted the Saudi Exchange market, Tadawul, as saying. Among them was the Riyadh-based Advanced International Company, specialising in providing technical and security solutions, offering 400,000 shares. Alwasail Industrial Co also offered 2.5 million shares. … Read more
JEDDAH: The Kuwait’s Directorate General of Civil Aviation (DGCA) plans to spend $8.2 billion on 14 projects to develop the state’s main airport. The investment will transform it into an active regional centre for air transport, passengers and cargo, Alarabiya reported, citing DGCA. The projects include a new terminal that accommodates 25 million passengers annually … Read more
RIYADH: The National Observation of Labour (NLO) revealed an increase of one per cent in the Saudisation rate in the private sector, adding around 60,000 more employees to the labour market during the third quarter of 2021. The current rate of Saudisation is 23.6 per cent of the total employees in the private sector, according … Read more
RIYADH: Egypt’s grocery delivery startup Breadfast has raised a $26 million Series A round, co-led by Vostok New Ventures and Endure Capital. JAM Fund, YC Continuity Fund, Shorooq Partners, 4DX Ventures, and Flexport also participated in the funding deal, MAGNiTT reported. The startup will use the money to shorten its delivery time from 60 minutes … Read more
RIYADH: Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of Dubai, and head of the Securities and Exchange Higher Committee announced the appointment of the new board of directors of the Dubai Financial Market (DFM), chaired by Helal Saeed Al Marri, WAM reported. The announcement came one day after he unveiled plans to … Read more
BEIJING: A citizen journalist jailed for her coverage of China’s initial response to Covid in Wuhan is close to death after going on hunger strike, her family said, prompting renewed calls from rights groups for her immediate release. Zhang Zhan, 38, a former lawyer, travelled to Wuhan in February 2020 to report on the chaos … Read more
LONDON: Azeem Rafiq demanded on Thursday sweeping changes at his former club Yorkshire and cricket as a whole, in a deepening racism row that has cost the county side a host of sponsors. The county offered the 30-year-old Pakistan-born off-spinner “profound and unreserved apologies” in a report into his allegations of racial abuse in September. … Read more
BADIN: An earthquake of magnitude 4.8 jolted parts of Badin, Thatta and Karachi on Thursday afternoon. According to the Pakistan Met Department (PMD), the epicentre of the earthquake was near the southwest of Badin in the northeast of Sindh at a depth of 17 kilometres. The tremors were also felt in New Chali, Pakistan Chowk … Read more
GLASGOW: Nineteen countries, including the United States, vowed Thursday to end direct funding for all unabated overseas fossil fuel projects by 2022, though major coal, oil and gas funders China, Japan and South Korea were absent from the pledge. G20 nations last month agreed to end financial support for new unabated coal plants abroad, but … Read more
WASHINGTON: China is expanding its nuclear arsenal much more quickly than anticipated, the United States has said, but Beijing on Thursday slammed the Pentagon report as overhyping the threat. The United States has declared China its principal security concern for the future, as Beijing works to build the People’s Liberation Army into “world-class forces” by … Read more
Former Pakistan captain Shahid Afridi clarified on Thursday that his daughters were not on any of the social media platforms. “I would like to clarify that none of my daughters have any social media accounts; please disregard any ‘accounts’ or ‘news’ that are associated with my daughters,” Boom Boom tweeted along with a screenshot of … Read more
Global CO2 emissions mainly caused by burning fossil fuels are set to rebound in 2021 to levels seen before the Covid pandemic, according to an assessment published Thursday that served as a “reality check” to vague decarbonisation pledges at a UN climate summit. Overall, CO2 pollution this year will be just shy of the record … Read more
LAHORE: Pakistan Muslim League-N (PML-N) on Thursday rejected Prime Minister Imran Khan’s ‘biggest relief package’, terming it a ‘bundle of lies.’ The premier announced the country’s biggest-ever subsidy package worth Rs120 billion on Wednesday, providing a 30 per cent discount on ghee, flour and pulses to support 130 million people. The beneficiaries of the package … Read more
LAHORE: Punjab Chief Minister Usman Buzdar on Thursday condemned political point-scoring by the opposition parties when the Pakistan Tehreek-e-Insaf (PTI) government was trying to tackle the banned Tehreek-e-Labbaik Pakistan (TLP) recently. Rebuking the opposition for not playing their roles in resolving the security crisis amid the TLP protest, Buzdar accused them of playing dirty politics … Read more
