The strong bullish trend in the Pakistan Stock Market continues, with the 100 Index gaining over 600 points, crossing the 86,700 points mark. This surge in the stock market is primarily driven by growing investor confidence and economic stability.
Qatar Chamber has slashed fees for services to encourage local businesses and attract foreign investment. The decision is part of Qatar’s broader strategy to promote economic diversification and strengthen its position as a regional business hub.
The UAE and Ireland have signed two agreements to strengthen cooperation in fighting organised crime and facilitating extradition. The treaties streamline legal processes and enhance mutual legal assistance, reinforcing their partnership in combating transnational crime.
First Abu Dhabi Bank (FAB) reported a Q3 profit of AED 4.46 billion, exceeding estimates due to higher revenue growth, despite a rise in impairment charges. Total assets grew to AED 1.2 trillion, reinforcing FAB’s position as the largest lender in the UAE.
Before the fiscal year closes, the Qatari economy is projected to grow another 2%, said Qatari Emir Sheikh Tamim. He highlighted Qatar's steady economic growth despite post-World Cup challenges, with future growth projected at 4.1% annually by 2025.
President Zardari has signed the 26th Constitutional Amendment Act into law, and the NA Secretariat has issued a gazette notification. The Amendment, which was passed with a two-thirds majority in both the Senate and the NA, has now been enacted into law.
The UAE’s non-oil sector will drive a projected 4% economic growth in 2025, supported by investment inflows into financial and real estate markets. Simultaneously, a rebound in the oil sector is expected, bolstering overall economic expansion.
The Senate of Pakistan passed the 26th Constitutional Amendment Bill by a two-thirds majority, marking a historic milestone in the country’s legislative process. The bill, presented by Law Minister Azam Nazir Tarar, encountered no opposition and received overwhelming support across all clauses.
"The Chief Justice will be selected from the top 3 judges, and the term of service will be 3 years. Constitutional benches will be established at the Supreme Court level. One Chief Justice opened the door to suo motu cases, leading to the dismissal of elected Prime Ministers. We need to put an end to this practice," says Law Minister Azam Nazeer Tarar.
