2,135 stories
Once a symbol of luxury with direct flights to global hubs and designer uniforms by Pierre Cardin, PIA showcased Pakistan’s prestige. Today, it struggles as a debt-ridden liability—how did it fall so far?
Pakistan's plan to privatise PIA faces a major setback as Blue World City’s PKR 10 billion bid falls significantly short of the government’s PKR 85 billion floor price. The October 31 bidding process revealed serious investor miscalculations and confusion over asset valuations.
UAE extends visa amnesty to December, giving overstayers a final chance to avoid fines before stricter enforcement returns.
Discover Dubai on a budget: ride an abra, enjoy street food, explore historical neighbourhoods, and see flamingos—all for 10 dirhams.
The Punjab government has enforced a “green lockdown” across Lahore in order to battle dangerously-escalating smog levels; the Chief Minister for the Punjab, Maryam Nawaz, has called for cross-border climate diplomacy with Indian Punjab in order to tackle the issue plaguing both sides of the border.
Saudi Arabia’s Public Investment Fund has signed MoUs with the Future Investment Initiative and global financial firms State Street, Brookfield, and Mizuho in order to collaborate on elevating the Kingdom's wealth fund asset management portfolio.
The UAE's much-coveted visa amnesty period ends effective today, with strict enforcement and reinstated fines starting November 1. Overstayers must resolve their residency status or face potential bans and penalties in the country.
Shehbaz Sharif’s official visit to Doha aims to drive new Pakistan-Qatar alliances, focusing on trade boosts, cultural diplomacy, and developing a peace strategy in Gaza.
Blue World City has emerged as the sole bidder for a stake in an increasingly-troubled Pakistan International Airlines. Other investors have been pushed away from PIA due to inconsistent corporate governance and recently renegotiated contracts.
Russia's $2.5 decillion fine against Google exposes a growing digital sovereignty battle, sparking legal and financial tensions that test multinational resilience. Alphabet's stock, surprisingly buoyant, underscores Google's confidence amidst compounding penalties.
In London, PTI supporters protesting against former Chief Justice Qazi Faez Isa may have breached English law on harassment and criminal damage. Legal implications hinge on whether actions, like allegedly striking Isa’s car, could be considered reckless or intimidating under UK statutes.
Dubai has set a record budget with expenditures of 272 billion dirhams and 302 billion in revenue, marking a first-time surplus of 21%. Nearly half of the budget has been allocated to infrastructure projects in critical development areas.
Saudi Arabia’s PIF partners with Brookfield on a $2 billion fund, sparking fresh investments and innovation across the kingdom, with Brookfield expanding its Riyadh footprint to boost local growth.
Dubai aims to eliminate most cash transactions by 2026, enhancing economic growth through a digitally empowered, cashless future.
Saudi oil giant Aramco has launched its first branded petrol station in Pakistan's Lahore, delivering premium fuel and services to Pakistan, and sparking a fresh chapter in the country’s fuel industry, boosting Saudi investment ties.
Experience Dubai’s biggest commuting rewards with nol+ points, gold, and cash prizes up for grabs on Public Transport Day.
The Islamic Development Bank’s €500 million sukuk, priced at mid-swaps +50 bps, finds strong demand and listings on Euronext Dublin and Nasdaq Dubai, advancing its Trust Certificate Issuance Programme.
The Punjab Government is tackling an influx crisis of breast cancer through a data-led, women-focused approach, blending free treatment facilities with education and outreach to improve early detection and reduce mortality in vulnerable communities.
Dubai's Halloween 2024 festivities blend family-friendly events with thrilling parties, from themed brunches and ghostly parks to rooftop bashes and Halloween runs, making the city a Halloween hub.
UAE schools extend Diwali holidays, offering cultural activities and colourful celebrations, while remaining mindful of regional sensitivities.
Maryam Nawaz, CM for the Punjab, has extended Diwali greetings from Lahore, calling the Diwali lamp “a light that brings hearts closer.” She has also announced financial support for minorities, including a Minority Card for economic relief.
Abu Dhabi’s CYVN Holdings plans to take over McLaren’s automotive division, bringing fresh capital and expertise to expand McLaren’s electric vehicle technology. This move by CYVN could redefine the luxury carmaker’s future in EVs.
Flag Day in the UAE will be marked on November 3—a nationwide celebration of unity and pride as residents honour the colours that symbolise strength, growth, and peace, showcasing the UAE’s enduring legacy on Kite Beach.
The UAE may look to revive a $23bn F-35 and drone deal with US if Donald Trump wins the 2024 U.S. Presidential race, as negotations with Biden continue to stall. Strategic Gulf relations are already beginning to shift amidst wider security ambitions.
Saudi Arabia’s PIF refocuses its strategy, pivoting from global assets to domestically driven projects in line with Vision 2030. The fund’s recalibration aligns with the kingdom’s economic diversification goals amid global fiscal shifts.
Imran Khan condemns his detention conditions, criticises Pakistan's newest constitutional amendment, and expresses concern over his aide’s disappearance, ultimately questioning Pakistan's legal accountability.
Pakistani prime minister Shehbaz Sharif is currently on the move in Saudi Arabia, strengthening Pakistan-Saudi ties with Crown Prince Mohammad bin Salman during Riyadh’s Future Investment Initiative.
For the nine months leading to this quarter, du achieved a 49.7 percent increase in net profit, reaching AED1.9 billion, driven by robust commercial momentum, a dedicated strategy, and cost-efficiency.
Dubai’s ambitious revamp of the Trade Centre Roundabout promises a smoother commute, cutting delays to 90 seconds while enhancing connectivity across its busiest intersections.
UAE attracts US$16 billion in FDI, transforming key sectors like real estate and finance to become a global investment leader with lasting international partnerships.
UAE President Sheikh Mohamed bin Zayed Al Nahyan launches Erth Zayed Philanthropies, unifying various humanitarian efforts to enhance global impact and honour UAE founder Sheikh Zayed's legacy.
Qatar gears up for the historic FIFA Intercontinental Cup final, with preparations underway to showcase elite football as Real Madrid secures a spot in this prestigious tournament.
Lulu Group’s ADX IPO promises to raise billions, anchored by cornerstone investor backing and an ambitious dividend plan to fuel its expansion across UAE markets.
Herve Renard returns as Saudi Arabia’s head coach to reshape national football and prepare for both the 2026 World Cup and Saudi Arabia’s 2034 hosting ambitions.
GCC investors should consider high-grade bonds and global diversification of assets—with hedges in gold—to mitigate rising regional geopolitical risks posed in the Middle East, advises Swiss investment bank UBS.
Pakistan rides high in the global rice market, fuelled by demand for Basmati and a competitive edge amid shifting trade dynamics, with a $5 billion target on the horizon.
Pakistan's Rs100m hydropower report faces scrutiny as findings allegedly plagiarised from ChatGPT; Ahsan Iqbal has raised accountability questions over project failures.
e& Group cements its European presence with new acquisition across a majority of Eastern European markets — namely Bulgaria, Hungary, Serbia, and Slovakia.
UAE secures Arab Parliament presidency with Mohammed Ahmad Al Yamahi elected as president, showcasing Emirati leadership and commitment to regional cooperation through parliamentary diplomacy.
Dubai and Abu Dhabi compete fiercely to draw wealth managers, with regulatory appeal and sovereign funds turning the UAE into a rising financial hub alternative.
