Economy
World / Countries / MNCs
Islamabad: In a desparate effort to rescue Pakistan from the throes of a deep economic crisis, the Imran Khan government in the country has managed to get a "celebratory" loan of Rs 4.2 billion from Saudi Arabia which has been called a damp squib by economists for the harsh terms and conditions slapped by the Saudi Fund of Development (SFD). more
Saudi news channels start shifting headquarters from Dubai to Riyadh: Report

Riyadh: Saudi Arabia has asked the country's multi-national news channels to shift their headquarters from Dubai to Riyadh or lose billions of dollars of deals.

Saudi Arabia announces plans of a second airline to boost non-oil revenues

Riyadh: Saudi Arabia crown prince Mohammed bin Salman has announced the plans to launch a new national airline in order to implement a broader strategy to turn the kingdom into a global l ...

Saudi Aramco to issue inaugural dollar-denominated Islamic bonds, says source

Moscow/Sputnik: Saudi Arabia's state oil and gas company Saudi Aramco is planning to offer several tranches of dollar-denominated Islamic bonds, called sukuk, due in three, five and 1 ...

Amid troubles with Saudi Arabia, Pakistan is now facing gas shortfall

Islamabad: Pakistan's Minister for Energy Omar Ayub Khan has said the country is currently facing a gas shortfall of about 3.5 billion cubic feet per day (BCFD) and Sindh will also be ...

Saudi Arabia defers to renew pact to supply oil to Pakistan on deferred payments

Islamabad: Saudi Arabia has not renewed an agreement with Pakistan which will allow oil supplies on deferred payments after that pact expired two months back, media reports said.

Saudi Arabia’s oil export drops by 21.9 percent in Q1 2020

Riyadh/Sputnik:  Saudi Arabia’s oil export has fallen by 21.9 percent, or some $11 million, in the first quarter of 2020, the country’s General Authority for Statistics s ...