Author: Steven Sahiounie

KARACHI: The Competition Commission of Pakistan has granted a time-bound exemption on relevant clauses of a product supply agreement between Saudi oil giant Aramco and Gas & Oil Pakistan Ltd.,  known as GO Petroleum, for the import and sale of petrol and diesel products to Pakistan, the CCP said on Tuesday.

The EU says the law will protect citizens from AI’s dangers while harnessing the technology’s potential in Europe

RIYADH: Saudi Arabia’s point-of-sales spending registered a 6.9 percent decline in the third week of May, compared to the previous seven days, reaching SR11.65 billion ($3.11 billion), official figures showed. 

RIYADH: Net profit of banks in the Gulf Cooperation Council region surged by 10.5 percent year-on-year in the first quarter of 2024 to $14.4 billion, an analysis showed.

TOKYO: Oil prices extended losses in Asia trade on Tuesday, with investors anticipating lingering US inflation and higher interest rates to depress consumer and industrial demand, according to Reuters.

The loan aims to provide the necessary funds to ensure grain supply, reads the final report of the ARP Finance and Budget Committee

This initiative aligns with the private sector’s commitment to bolster the national economy and supports the FRA’s mission to aid emerging companies in their growth and contribution to the influential Egyptian economy

An expert from a leading international financial audit firm has voiced optimism for strong growth in the Qatar economy for several years to come on account of its huge investment in oil and gas as well as the Qatar National Development Strategy 2024-2030.

Ras Al Khaimah’s mega tourism projects, including world-class hotels, luxurious beach resorts and high-end leisure facilities are seen as promising opportunities for investors

Klaus Schwab, the founder of World Economic Forum, will reportedly transition to role of non-executive chairman