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Jan 29, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2012-09-23
Ivory Coast to scrap grinding subsidy, lift transport support

Ivory Coast to scrap grinding subsidy, lift transport support

Ivory Coast will abolish a 20-year-old tax break given to local cocoa grinders when the 2012/13 season starts on October 1, an official with the top grower's marketing board told Reuters on Saturday, in a victory for exporters who don't grind locally. The
Published 23 Sep, 2012 12:00am
Vegetable, fruit prices soar due to countrywide protests

Vegetable, fruit prices soar due to countrywide protests

A significant increase was recorded in vegetable and fruit prices during the past week against rates observed during the preceding week, as vegetables shipment from other parts of the country to the twin cities of Islamabad/Rawalpindi remained stuck becau
Published 23 Sep, 2012 12:00am
Calm prevails in Islamabad after protests

Calm prevails in Islamabad after protests

Markets including Aabpara‚ Super and Melody are opened and traffic is also plying on the roads In Islamabad‚ calm is prevailing after Friday's furious protests against the production of a blasphemous film by an American. Markets including Aabpara‚ Super a
Published 23 Sep, 2012 12:00am
ICCI condemns damage to private property

ICCI condemns damage to private property

Islamabad Chamber of Commerce and Industry (ICCI) President Yassar Sakhi Butt on Saturday condemned damaging of private properties by the rioting mobs during protests against the sacrilegious film properties across the country on Friday.
Published 23 Sep, 2012 12:00am
PML-Q leaders urge Muslim Ummah for unity

PML-Q leaders urge Muslim Ummah for unity

Pakistan Muslim-League-Q (PML-Q) central leader Syed Qasim Shah called upon the Muslim Ummah to forge unity among ranks to tackle the conspiracies being hatched against Islam. Addressing a press conference here at Peshawar Press Club on Saturday, he said
Published 23 Sep, 2012 12:00am
Protest held in front of Parliament House

Protest held in front of Parliament House

Hundreds of protesters gathered in front of the Parliament House on Saturday to denounce the blasphemous movie released in the US, while the situation in Rawalpindi and Islamabad normalised following two-day-long violent protests.
Published 23 Sep, 2012 12:00am
Imran demands investigation into killings

Imran demands investigation into killings

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Saturday condemned the barbaric ways to which peaceful PTI protesters have been subjected and demanded full investigation into the killing of 23 citizens and security personnel across the country on Fr
Published 23 Sep, 2012 12:00am
Rais Amrohvi's 24th death anniversary observed

Rais Amrohvi's 24th death anniversary observed

The 24th death anniversary Urdu poet and psychoanalyst Syed Muhammad Mehdi‚ known as Rais Amrohvi (1914-1988) was observed on Saturday. Rais Amrohvi was born on September 12‚ 1914‚ in Amroha‚ India. Almost all the members of his family were poets. He migr
Published 23 Sep, 2012 12:00am
World Tourism Day on Thursday

World Tourism Day on Thursday

World Tourism Day will be observed on September 27 (Thursday) in the entire world including Pakistan. This year's theme is "Tourism & Sustainable Energy: Powering Sustainable Development." World Tourism Day 2012 is being held on September 27 (Thursday) un
Published 23 Sep, 2012 12:00am
Army providing relief to flood affectees: ISPR

Army providing relief to flood affectees: ISPR

Army troops are working round the clock to provide relief to flood affectees in the Naseerabad Division of Balochistan. According to the ISPR‚ over 100 helicopter sorties have been flown so far to rescue 3400 people to take them to safer places. Alongwith
Published 23 Sep, 2012 12:00am
Commodity prices mixed on stimulus action, China demand

Commodity prices mixed on stimulus action, China demand

Commodity prices were mixed this week following volatile trading as dealers weighed the effects of new US stimulus measures against fears over weaker Chinese demand. Raw materials futures had surged the previous week after the Federal Reserve had said it
Published 23 Sep, 2012 12:00am
New York gold holds gains after early rally towards 2012 high

New York gold holds gains after early rally towards 2012 high

Gold rose to within a whisker of its 2012 high on Friday as technical momentum and recent stimulus efforts by major central banks around the world prompted bullion investors to boost bullish bets. Bullion priced in euro terms hit a record high earlier in
Published 23 Sep, 2012 12:00am
India wheat seen stable after fall in global prices

India wheat seen stable after fall in global prices

Wheat futures in India, the world's second-largest producer, are likely to remain stable for the rest of the week, after falling on Monday on global cues, as lower stocks with traders in spot markets could support falling prices. The key December wheat co
Published 23 Sep, 2012 12:00am
Soyabeans face biggest weekly decline in a year

Soyabeans face biggest weekly decline in a year

Chicago soyabeans rose 0.8 percent on Friday, boosted by bargain hunting in Asia, but the market is on track for its biggest weekly loss in a year, with a rapid US harvest and expectations of higher yields weighing on the market. Corn and wheat futures ed
Published 23 Sep, 2012 12:00am
Thai rice prices steady amid lacklustre demand

Thai rice prices steady amid lacklustre demand

Thai rice was steady this week amid lacklustre overseas demand, but traders said on Wednesday they expected prices to drop over the next few weeks ahead of the October harvest and the lack of a government-backed buying scheme. The price of benchmark 100 p
Published 23 Sep, 2012 12:00am
New York cotton ends down for the day and week

New York cotton ends down for the day and week

US cotton closed down for both the session and week on Friday as bearish sentiment overcame a market that initially resisted this week's selloff in commodities. New York-traded cotton for December delivery settled down 1.97 cents, or 2.6 percent, at 73.25
Published 23 Sep, 2012 12:00am
Indonesia's sugar use growing 10 percent

Indonesia's sugar use growing 10 percent

Raw sugar consumption in Indonesia's food and beverage industries will climb by 10 percent annually for the next five years, an industry group said on Monday, as the country's booming population boosts domestic demand. This year, industry's sugar use in S
Published 23 Sep, 2012 12:00am
India's cotton output down 3.7 percent on late monsoon

India's cotton output down 3.7 percent on late monsoon

India's cotton harvest is likely to fall this year after two successive record crops, but only marginally after late rains helped ease the impact of a slow start to the annual monsoon. A survey of 10 traders pegged the average output for the year starting
Published 23 Sep, 2012 12:00am
China won't issue more cotton import quotas for 2012

China won't issue more cotton import quotas for 2012

China, the world's top buyer and consumer of cotton, will not issue additional import quotas for 2012 as part of a drive to support local farmers just as the new crop is coming to market, a senior official said on Tuesday. Imported cotton arriving at Chin
Published 23 Sep, 2012 12:00am
Tanzania coffee prices fall as season peaks

Tanzania coffee prices fall as season peaks

Tanzania's coffee prices fell at auction this week, taking their cue from markets in London and New York, as supplies of the commodity rose at the peak of the season, the Tanzania Coffee Board (TCB) said on Friday. State-run regulator TCB said 29,878 of t
Published 23 Sep, 2012 12:00am
US names 55 cleared Guantanamo prisoners

US names 55 cleared Guantanamo prisoners

The US government has published for the first time a list of 55 Guantanamo detainees cleared for release but still held amid challenges identifying a willing host country or concerns about sending them home. The list, which includes names and serial numbe
Published 23 Sep, 2012 12:00am
North Korea warns South after sea confrontation

North Korea warns South after sea confrontation

North Korea on Saturday threatened military retaliation after South Korean navy patrol boats fired warning shots at fishing vessels from the North near their disputed Yellow Sea border. The North's military command in the south-west said the South's navy
Published 23 Sep, 2012 12:00am
Thousands rally in Georgia over prison abuse scandal

Thousands rally in Georgia over prison abuse scandal

Thousands of demonstrators protesting police violence turned out in Georgia Saturday, as outrage swelled over a prison abuse scandal that threatens President Mikheil Saakashvili's party a week before parliamentary elections. A massive rally was held in th
Published 23 Sep, 2012 12:00am
Britain, Sweden silent on Ecuador Assange proposal

Britain, Sweden silent on Ecuador Assange proposal

Britain's Foreign Office was tight-lipped on Saturday over a proposal from Ecuador that WikiLeaks founder Julian Assange be transferred from London to Sweden but stay under Quito's protection. Sweden's foreign ministry for its part said Stockholm had not
Published 23 Sep, 2012 12:00am
Aung San Suu Kyi receives Global Citizen Award

Aung San Suu Kyi receives Global Citizen Award

Myanmar democracy icon Aung San Suu Kyi has visited the United Nations and received a new award as she paid tribute to unknown fighters for democracy in her country. "Tonight I must pay tribute to my colleagues whose names are unknown to the world," said
Published 23 Sep, 2012 12:00am
Taiwan premier survives no-confidence vote

Taiwan premier survives no-confidence vote

Taiwanese Premier Sean Chen comfortably survived a no-confidence vote brought by opposition parties Saturday over what they see as his cabinet's failure to curb rising unemployment and inflation. The bid failed by 46 votes to 66, said parliamentary speake
Published 23 Sep, 2012 12:00am
West defeats Iran initiative at major UN nuclear meeting

West defeats Iran initiative at major UN nuclear meeting

Western states defeated an Iranian proposal at the UN nuclear agency's annual assembly on Saturday to amend their draft resolution on a policy area central to its work in preventing the spread of atom bombs. The draft text was adopted in a vote shortly af
Published 23 Sep, 2012 12:00am
Rebel Free Syrian Army leaders move from Turkey to Syria

Rebel Free Syrian Army leaders move from Turkey to Syria

The rebel Free Syrian Army (FSA) has moved its leadership for the first time from Turkey to parts of Syria that are now controlled by rebels, the group's commander-in-chief said on Saturday. The FSA has been based in Turkey for more than a year as fighter
Published 23 Sep, 2012 12:00am
Russia advances sweeping new spy bill

Russia advances sweeping new spy bill

Russia's parliament has advanced sweeping spy legislation targeting civil groups that work with foreigners to upset domestic politics in what rights groups call another attack on freedoms. Friday's near-unanimous lower house vote in the first of three rea
Published 23 Sep, 2012 12:00am
Iraq aims to unite with new national anthem, flag

Iraq aims to unite with new national anthem, flag

Iraq is seeking to replace its national anthem and flag in a move aimed at providing unifying national symbols and putting decades of conflict and hardship in the country behind it. "We are determined to finish the new flag and anthem this year, in this l
Published 23 Sep, 2012 12:00am
Fishermen protest against Indian nuclear plant

Fishermen protest against Indian nuclear plant

Indian fishermen and anti-nuclear activists on Saturday mounted a sea protest against an atomic power plant following violent demonstrations earlier this month, police said. Some 3,000 fishermen and anti-nuclear activists in 500 fishing boats sought to bl
Published 23 Sep, 2012 12:00am
Hundreds in Tokyo rally against China

Hundreds in Tokyo rally against China

Hundreds of Japanese on Saturday rallied against Beijing over an escalating island row, days after anti-Japanese protests saw shops and factories vandalised in China. Some 800 demonstrators waved national flags as they marched through downtown Tokyo, deno
Published 23 Sep, 2012 12:00am
Taylor hopes New Zealand counter Pakistan spin threat

Taylor hopes New Zealand counter Pakistan spin threat

New Zealand skipper Ross Taylor hoped his batsmen counter Pakistan's spin threat in the group D cracker at Pallekele stadium on Sunday. New Zealand thumped Bangladesh by 59 runs in their opening match on Friday on the back of a Twenty20 record score of 12
Published 23 Sep, 2012 12:00am
Sharapova upbeat before Pan Pacific Open

Sharapova upbeat before Pan Pacific Open

French Open champion Maria Sharapova beamed with confidence Saturday and hailed a "tremendous" 2012, ahead of the Pan Pacific Open in Japan where she aims to reclaim the title. "In careers and in life, many things sometimes come together," said the power
Published 23 Sep, 2012 12:00am
Australia advance after rain-hit West Indies match

Australia advance after rain-hit West Indies match

Australia qualified for the Super Eights round of the World Twenty20 by defeating the West Indies in a rain-interrupted group B match in Colombo on Saturday. Australia, chasing a challenging target of 192, were 100-1 in 9.1 overs when heavy rain forced th
Published 23 Sep, 2012 12:00am
Hsieh beats Robson to win Guangzhou Open

Hsieh beats Robson to win Guangzhou Open

Taiwan's Su-Wei Hsieh beat Briton Laura Robson in the WTA Guangzhou Open final on Saturday, ending the teenager's attempt to become the first British woman to win a main tour title in 24 years. Hsieh won the match 6-3, 5-7, 6-4 in two hours and 48 minutes
Published 23 Sep, 2012 12:00am
South Africa upstage Sri Lanka in rain-shortened match

South Africa upstage Sri Lanka in rain-shortened match

South Africa beat hosts Sri Lanka by a convincing 32 run margin in a rain-shortened seven-over-a-side World Twenty20 group C match here on Saturday. South Africa were good with both bat and ball as their pacemen never allowed the Sri Lankan batsmen to cha
Published 23 Sep, 2012 12:00am
Indian court suspends ban on Bhupathi, Bopanna

Indian court suspends ban on Bhupathi, Bopanna

An Indian court has suspended a two-year ban on doubles specialists Mahesh Bhupathi and Rohan Bopanna from representing the country, a report said Saturday. The All India Tennis Association (AITA) said last week the pair would not be considered for select
Published 23 Sep, 2012 12:00am
Top seed Tsonga to face Seppi for Metz title

Top seed Tsonga to face Seppi for Metz title

Italian fifth seed Andreas Seppi ended hopes of an all-French final at the Metz ATP event when he knocked out Gael Monfils 3-6, 6-1, 6-4 in the semi-finals on Saturday. Monfils was returning to the circuit this week after a four-month injury absence, but
Published 23 Sep, 2012 12:00am
Chelsea edge Stoke 1-0 to move three points clear

Chelsea edge Stoke 1-0 to move three points clear

Chelsea needed a late winner by England fullback Ashley Cole to beat Stoke City 1-0 and move three points clear at the top of the Premier League on Saturday with all their main title rivals yet to play this weekend. The European champions, without a win i
Published 23 Sep, 2012 12:00am
Canadian dollar ends little changed

Canadian dollar ends little changed

The Canadian dollar ended little changed on Friday, with the benefit of stronger oil and other commodity prices offset by tame inflation data that suggested the Bank of Canada will be in no hurry to raise interest rates. Energy prices rose on supply conce
Published 23 Sep, 2012 12:00am
Central European currencies rise on Spanish aid hopes

Central European currencies rise on Spanish aid hopes

Central European currencies gained on Friday, shrugging off rising expectations of interest rate cuts and paring the week's losses on growing confidence that Spain will seek aid. Poland's zloty and the Czech crown, which had fallen as much as 2 percent ve
Published 23 Sep, 2012 12:00am
Euro gains against dollar on Spain optimism

Euro gains against dollar on Spain optimism

The euro climbed against the US dollar on Friday, reversing earlier losses, helped by speculation Spain may soon request financial aid to help ease the country's debt crisis. Volume was thin ahead of the weekend, exacerbating volatility, and traders said
Published 23 Sep, 2012 12:00am
Short dollar bets rise to highest in more than a year

Short dollar bets rise to highest in more than a year

Currency speculators increased their bets against the US dollar in the latest week to their highest in more than a year, according to data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net short position rose
Published 23 Sep, 2012 12:00am
Swedish crown's safety appeal to trump rate cut risk

Swedish crown's safety appeal to trump rate cut risk

The Swedish crown is likely to retain its long-term appeal to investors seeking an alternative to the debt-ridden euro, even if the Riksbank starts cutting interest rates as early as Thursday to prop up the economy. Some strategists said the crown could h
Published 23 Sep, 2012 12:00am
Chile's peso dips, Brazil real flat

Chile's peso dips, Brazil real flat

Chile's peso weakened sharply on Friday on concerns that authorities could intervene to stem currency gains that may hurt exporters while Brazil's real traded flat after a top official threatened to implement capital controls. Investors are increasingly c
Published 23 Sep, 2012 12:00am
Hopes of ECB rate cut drive Euribor rates lower

Hopes of ECB rate cut drive Euribor rates lower

Euribor bank-to-bank lending rates hit new all-time lows on Friday on hopes that the European Central Bank will cut interest rates further in coming months after it downgraded its economic outlook for the euro zone. The ECB kept its main refinancing rate
Published 23 Sep, 2012 12:00am
Wall Street ends flat despite Spain hope, S&P off for week

Wall Street ends flat despite Spain hope, S&P off for week

US stocks closed flat on Friday even though investors welcomed Spain's efforts to seek a bailout and cheered Apple's newest iPhone that went on sale today, driving its shares to a record high. Apple Inc, the world's most valuable public company in terms o
Published 23 Sep, 2012 12:00am
Latam stocks mixed on outlook for Spain deal

Latam stocks mixed on outlook for Spain deal

Latin American stocks were mixed on Friday on cautious optimism Spain is preparing to request an international sovereign aid package, which could help stem the spread of the euro zone's debt crisis and support demand for riskier assets. The MSCI Latin Ame
Published 23 Sep, 2012 12:00am
Japanese government bonds steady

Japanese government bonds steady

Japanese government bonds were steady on Friday, supported by fears about slowing global growth and underpinned by the easy monetary policy of major central banks. The yield curve, however, flattened slightly, later in the afternoon, as some investors too
Published 23 Sep, 2012 12:00am
Japanese government bonds steady

Japanese government bonds steady

Japanese government bonds were steady on Friday, supported by fears about slowing global growth and underpinned by the easy monetary policy of major central banks. The yield curve, however, flattened slightly, later in the afternoon, as some investors too
Published 23 Sep, 2012 12:00am
Indian bond yields flat

Indian bond yields flat

Indian bonds ended flat on Friday as investors switched to riskier assets after the country cut a tax on overseas borrowing by local companies, boosting confidence on the government's resolve to continue undertaking reforms. Finance Minister P. Chidambara
Published 23 Sep, 2012 12:00am
Indian bond yields flat

Indian bond yields flat

Indian bonds ended flat on Friday as investors switched to riskier assets after the country cut a tax on overseas borrowing by local companies, boosting confidence on the government's resolve to continue undertaking reforms. Finance Minister P. Chidambara
Published 23 Sep, 2012 12:00am
Sri Lankan stocks end up on foreign buying

Sri Lankan stocks end up on foreign buying

Sri Lankan stocks edged up on Friday on foreign buying of bluechips but the gain was capped by retail profit-taking in speculative shares, dealers said. The Colombo Stock Exchange's main index, or all share price index (ASPI), ended 0.14 percent, or 8.10
Published 23 Sep, 2012 12:00am
Treasuries outlook: Long-dated bond prices slip on Spain talk

Treasuries outlook: Long-dated bond prices slip on Spain talk

Long-dated US Treasury debt prices slipped in light volume on Friday as talk that Spain might soon request a bailout was said to favour riskier assets over safe-haven US debt. Mid-range maturities outperformed as investors moved out of short-term Treasuri
Published 23 Sep, 2012 12:00am
Treasuries outlook: Long-dated bond prices slip on Spain talk

Treasuries outlook: Long-dated bond prices slip on Spain talk

Long-dated US Treasury debt prices slipped in light volume on Friday as talk that Spain might soon request a bailout was said to favour riskier assets over safe-haven US debt. Mid-range maturities outperformed as investors moved out of short-term Treasuri
Published 23 Sep, 2012 12:00am
Nasdaq defends Facebook compensation plan-letter to SEC

Nasdaq defends Facebook compensation plan-letter to SEC

Nasdaq OMX Group Inc stood by its proposed $62 million plan to compensate firms affected by the fallout from Facebook's botched initial public offering, taking aim at UBS AG, Citigroup Inc and other parties that derided the payback plan. In a letter to th
Published 23 Sep, 2012 12:00am
TSX ends lower

TSX ends lower

Canada's main stock index ended lower on Friday after a sharp late sell-off, with financial and industrial stocks weighing, and Research In Motion falling more than 7 percent after a BlackBerry service outage. Miners, utilities and oil companies rose on a
Published 23 Sep, 2012 12:00am
Two banks make tepid debut despite soft pricing

Two banks make tepid debut despite soft pricing

Banks that went public on Thursday had muted debuts even after pricing offerings below their planned range, an indication that investors are still keeping clear of new financial offerings. The larger of the two banks, Capital Bank Financial Corp that was
Published 23 Sep, 2012 12:00am
Books already covered for Talanx IPO

Books already covered for Talanx IPO

Banks' books for the initial public offering of Talanx are already covered, three financial sources said a day after Germany's third-biggest insurer surprised investors by reviving flotation plans it had cancelled only last week. "It's one-time subscribed
Published 23 Sep, 2012 12:00am
Cheap debt tempts companies to prop up shares

Cheap debt tempts companies to prop up shares

Ultra-low borrowing costs are once again tempting US companies down a familiar and dangerous path, luring them into propping up their share prices by issuing new debt. In a pattern all-too-familiar from the pre-crisis years, companies are piling up levera
Published 23 Sep, 2012 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was down and January contract was inert on the forward cottonseeds oilcake market on Saturday in process of trading, dealers said. The December vaida closed at Rs 446.70 and it commenced with a fall of 40 paisa at Rs 446.50, they said.
Published 23 Sep, 2012 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Saturday (September 22, 2012) and for Sunday (September 23, 2012).
Published 23 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
THE RUPEE: marginal fall

THE RUPEE: marginal fall

Downward trend was seen on the open market on Saturday in process of lean business activity, dealers said. The rupee shed five-paisa against the dollar for buying and selling at 94.7 and 94.9, they said. The rupee, also inched down by 10-paisa in terms of
Published 23 Sep, 2012 12:00am
THE RUPEE: marginal fall

THE RUPEE: marginal fall

Downward trend was seen on the open market on Saturday in process of lean business activity, dealers said. The rupee shed five-paisa against the dollar for buying and selling at 94.7 and 94.9, they said. The rupee, also inched down by 10-paisa in terms of
Published 23 Sep, 2012 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (September 22, 2012).

Published 23 Sep, 2012 12:00am
Saudi Arabia - Basic facts

Saudi Arabia - Basic facts

The following are some useful and interesting statistics of Saudi Arabian Kingdom:
Published 23 Sep, 2012 12:00am
Economical field

Economical field

In the economical field, the directions of Khadim Al-Haramain Al-Sharifain King Abdullah & H. R. H. The Crown Prince Sultan Ben Abdul Aziz about the comprehensive reform and intensify efforts to improve the business environments in the country and launch
Published 23 Sep, 2012 12:00am
Saudi-Pak relations

Saudi-Pak relations

We can say that Pakistan-Saudi Arabia relations have progressed and are dependable in all fields which are described as brotherly ties and, sincere political orientations of Pakistan and Saudi Arabia, have managed to contribute earnestly in strengthening
Published 23 Sep, 2012 12:00am
Expansion of Haramain Al-Sharifain and care for guests of Allah

Expansion of Haramain Al-Sharifain and care for guests of Allah

The Khadim Al-Haramain Al-Sharifain Gives very special care & attention to the Guests of Allah ( Pilgrims visiting the Holy Places ) & closely watching the various projects & its progress, been carried out for the benefit of these Pilgrims to offer their
Published 23 Sep, 2012 12:00am
Argentine government says to keep working with IMF on data

Argentine government says to keep working with IMF on data

Argentina will keep working with the International Monetary Fund to improve its economic data, the economy minister said in remarks published on Saturday after the IMF warned the country to make swifter progress. The IMF reprimanded Argentina on Tuesday f
Published 23 Sep, 2012 12:00am
Spain in no rush to seek aid, banks to need 60 billion euros

Spain in no rush to seek aid, banks to need 60 billion euros

Spain will not rush to seek external aid to finance its debt, Economy Minister Luis de Guindos said on Saturday, adding that the country's banks would need 60 billion euros to clean up the toxic property assets on their balance sheets.
Published 23 Sep, 2012 12:00am
Spain must restructure banks, region financing: Asmussen

Spain must restructure banks, region financing: Asmussen

The European Central bank is ready to buy Spanish bonds but the southern European country will need to restructure its banks and reorganise the financing of its regions, ECB executive board member Joerg Asmussen told a Dutch paper on Saturday. "The ball i
Published 23 Sep, 2012 12:00am
General Electric plans medical technology acquisitions in Germany

General Electric plans medical technology acquisitions in Germany

General Electric plans to make acquisitions in Germany to raise its market share in CAT scan and MRI technology, the company's new chief of GE Healthcare in Germany told a magazine. "Especially in the high-end segment we want to double, in some areas even
Published 23 Sep, 2012 12:00am
Yield-hungry investors lock up their cash for longer

Yield-hungry investors lock up their cash for longer

Investors in hedge funds are becoming increasingly willing to lock up their money for longer and invest in less liquid strategies, in a sign some are choosing the chance to earn bigger returns over easy access to their cash. Several prominent hedge funds
Published 23 Sep, 2012 12:00am
BMW finds engine issue in 2013 M5, M6 cars, halts shipments

BMW finds engine issue in 2013 M5, M6 cars, halts shipments

BMW AG halted deliveries and will recall some newly built 2013 M5 and M6 performance cars due to an engine oil pump problem that could lead to severe engine damage. BMW is now contacting owners of the 2013 M5 sedan, M6 coupe and M6 convertible and recomme
Published 23 Sep, 2012 12:00am
General Motors opens China test track in effort to remain market leader

General Motors opens China test track in effort to remain market leader

General Motors Co opened a new, large vehicle test track west of Shanghai on Saturday as part of its push to retain its leading market share in the world's largest auto market. The No 1 US automaker and its joint venture partners, including SAIC Motor, in
Published 23 Sep, 2012 12:00am
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