Economic growth in energy-rich Gulf to recover in 2018: IMF
For oil-importing countries in MENA, growth is expected to continue at a modest pace of 4.5 percent in 2018, before dropping back to four percent next year, the IMF said
Asian stocks sink after Wall Street tech sell-off
Tokyo’s Nikkei 225 lost 2.3 percent to 21,760.59 while the Shanghai Composite Index gained 0.8 percent to 2,652.70
Gas to overtake coal as world’s second largest energy source by 2030: IEA
China, already the world’s biggest oil and coal importer, would soon become the largest importer of gas and net imports would approach the level of the European Union by 2040, the IEA said
IMF raises questions over measures to rein in fiscal deficit
IMF pondered over how the government aimed to achieve the projected fiscal deficit target of 5.1% when the development programme had been slashed severely
OPEC ready to balance oil market: official
ABU DHABI: The Organisation of the Petroleum Exporting Countries (OPEC) announced that its member countries are ready to meet global oil market needs...
PSX plunges 292 points amid lacklustre trading
KARACHI: It wasn’t the best start to the week for the investors at the Pakistan Stock Exchange (PSX), where bears remained dominant for...
Foreigners sold Asian equities in October on worries over trade, slowing growth
Data from regional stock exchanges showed foreigners sold a net total of $14.54 billion in Taiwan, South Korea, India, Thailand, Philippines, Indonesia, and Vietnam equities in the last month
In race to fill LNG supply gap, project goalposts have changed
But projects have struggled to find off-takers as the world’s biggest buyers in Japan and South Korea seek nimbler terms while others such as India and Pakistan are less creditworthy
Dollar nears 16-month high, sterling hit by Brexit uncertainty
The dollar index has strengthened four weeks in a row, gaining 0.4 percent last week
Asia shares gain ahead of key data; oil recovers
Japan’s Nikkei 225 added 0.2 percent to 22,284.23 and Hong Kong’s Hang Seng rose 0.5 percent to 25,716.59
Oil prices rise by 1 percent after Saudi announces December supply cut
The announcement came after crude prices declined by around 20 percent over a month, as supply has surged, especially by the top-three producers the USA, Russia and Saudi Arabia
Naeemuddin Khan resigns as BoP’s president
Mr Khan took over as President of BoP in Oct 2008 when it was besieged by the threat of bankruptcy and allegations of financial misappropriation to the tune of billions of rupees
PM warns of disbanding FBR, terms performance unsatisfactory
PM expresses displeasure over the tax regulator's performance, states a new institution could be established for this purpose
Naqvi shouldn’t be blamed for Abraaj’s disintegration, says lawyer
Mr Naqvi’s lawyer Habib Al Mulla, executive chairman of Baker & McKenzie said the Abraaj scandal had inflicted “some damage” to Dubai’s reputation and raised fingers at the local regulators including DFSA
China launches aviation fuel index amid slowest demand growth in four years
Passenger travel makes up 97 percent of China’s total jet fuel consumption, which makes up some 13 percent of the global market, CNAF executives said