Trends - Middle East - Business Recorder

Middle East

Dubai’s inclusion in Global Power City Index a ‘clear signal for Pakistani investors’

Dubai was ranked eighth worldwide and first in the Middle East in the Global Power City Index 2024 (GPCI) for the...

Published 07 Jan, 2025 07:37am

Opinion

The key priorities for Syria

Syria stands at a critical juncture in its history—a fragile nation emerging from decades of repression, war, and...

Updated 02 Jan, 2025 08:21am

Opinion

‘Betrayed but not derailed’

This is apropos an op-ed “Betrayed but not derailed” carried by the newspaper yesterday. The writer, Dr Saulat...

Published 28 Dec, 2024 05:59am

Opinion

Betrayed but not derailed

“The British are entitled always to mistrust other people”, AJP Taylor once wrote “but others are not entitled...

Published 27 Dec, 2024 07:23am

Business & Finance

Brace! Risks stack up for the global economy in 2025

No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new...

Published 23 Dec, 2024 11:34am

World

Turkiye to reopen embassy in Syria as diplomats gather for talks

DAMASCUS: Turkiye was set to reopen its embassy in Damascus on Saturday, nearly a week after president Bashar...

Published 14 Dec, 2024 05:31pm

World

China, Egypt agree on need to promote peace in Middle East

BEIJING: China’s foreign minister Wang Yi said Beijing agreed with Egypt that both nations should promote peace and...

Published 13 Dec, 2024 12:14pm

Pakistan

Pakistan condemns Israel’s aggression against Syria, illegal seizure

ISLAMABAD: Pakistan, on Tuesday, condemned in strongest possible terms the Israel’s recent aggression against ...

Published 11 Dec, 2024 06:45am

Editorials

Continuing turmoil in the Middle East

EDITORIAL: Western and Middle Eastern capitals and commentators alike taking comfort in the fall of the Assad regime...

Updated 11 Dec, 2024 08:19am

Opinion

Bashar al-Assad’s fall

The fall of Damascus the Syrian capital came on December 8, 2024 as the climax to the fall of city after city to the...

Published 10 Dec, 2024 06:48am

World

US will remain in eastern Syria and seek to prevent IS resurgence: Pentagon

MANAMA: The United States will maintain its presence in eastern Syria and will take measures necessary to prevent a...

Published 08 Dec, 2024 04:34pm

Pakistan

Pakistan advises nationals against traveling to Syria over recent developments

Pakistan on Friday advised its citizens to avoid unnecessary travel or visit to Syria after recent developments...

Updated 06 Dec, 2024 09:41pm

Markets

Oil pares some gains after source says OPEC+ to delay output hike

LONDON: Oil prices pared some gains on Thursday after a source told Reuters OPEC+ has agreed to delay a planned oil...

Updated 05 Dec, 2024 06:15pm

World

Erdogan hopes for ‘end to 13 years of instability’ in Syria

ANKARA: Turkiye’s President Recep Tayyip Erdogan called for an end to “instability” in Syria and an agreement to...

Published 02 Dec, 2024 09:20pm

World

Donald Trump expected to tap US Senator Marco Rubio for secretary of state, sources say

WEST PALM BEACH, FLORIDA: Donald Trump is expected to tap US Senator Marco Rubio to be his secretary of state,...

Published 12 Nov, 2024 10:55am

World

Leaders fly to Saudi Arabia for talks on Mideast conflicts

RIYADH: Arab and other Muslim leaders have begun arriving in Saudi Arabia for a summit scheduled for Monday that ...

Published 11 Nov, 2024 06:03am

Opinion

Muslims under siege

Not only, the Middle East remains engulfed in flames, with Gaza and Beirut reaching boiling points because of the...

Updated 11 Nov, 2024 07:34am

World

Donald Trump win to test limit of presidential power; Harris concedes but vows to ‘fight’

PALM BEACH, FLORIDA/WASHINGTON: Donald Trump recaptured the White House with a sweeping victory on Wednesday as tens...

Updated 07 Nov, 2024 04:52pm

World

B-52 bombers arrive in Middle East: US military

Pentagon spokesman says the US will take every measure necessary to defend its people if Iran or its proxies use this moment to target American personnel or interests in the region

Updated 03 Nov, 2024 10:10pm

World

Lebanon accuses Israel of rejecting truce after Beirut strikes

BEIRUT: Lebanon’s prime minister accused Israel of rejecting a ceasefire after the Israeli military bombed the...

Published 02 Nov, 2024 06:15am

PM holds trade, investment talks with Qatar’s emir, counterpart

DOHA: Prime Minister Shehbaz Sharif on Thursday met Qatar’s Emir Sheikh Tamim bin Hamad Al Thani and his counterpart...

Updated 01 Nov, 2024 09:21am

World

Mideast conflicts to leave ‘lasting scars’: IMF

DUBAI: Gaza, Lebanon and Sudan will take decades to recover from the conflicts raging on their soil, the...

Published 31 Oct, 2024 05:09pm

World

New Hezbollah chief open to truce with Israel if offer is made

BEIRUT: Hezbollah’s new leader says the beleaguered Lebanese group could agree to a ceasefire under certain terms,...

Published 31 Oct, 2024 06:18am

Business & Finance

World Bank expects oil glut to cause commodity price slump

WASHINGTON: Global commodity prices should fall to a five-year low next year thanks to a huge oil glut, the World...

Published 30 Oct, 2024 06:32am

World

Iranian officials to determine how to respond to Israel, Supreme Leader says

Israeli attack should neither be downplayed nor exaggerated, says Ayatollah Ali Khamenei

Updated 27 Oct, 2024 10:30pm

Pakistan

PM welcomes Palestinian medical students, vows to facilitate them in pursuing their studies

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday welcomed Palestinian medical students who recently arrived in...

Published 24 Oct, 2024 07:19am

World

Antony Blinken heads to Israel to revive Gaza ceasefire talks after Sinwar death

TEL AVIV: US Secretary of State Antony Blinken arrives in Israel on Tuesday, the first stop of a wider Middle East...

Published 22 Oct, 2024 12:02pm

Business & Finance

Asia Rising: Dubai’s transformation to becoming tech hub draws parallel with Silicon Valley and Bengalaru

DUBAI: Drawing parallels with India’s Bengaluru and Silicon Valley in the US, speakers highlighted Dubai’s rapid...

Published 22 Oct, 2024 06:33am

Markets

Oil prices gain, recouping some of last week’s 7% loss

Brent crude futures up 58 cents, or 0.79%, at $73.63 a barrel

Updated 21 Oct, 2024 10:21pm

Opinion

‘Trump’s election: plunging Middle East into a World War Zone’

This is apropos two back-to-back letters to the Editor carried by the newspaper these days. A conflict involving...

Published 21 Oct, 2024 06:54am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 14	278.92
USD PKR Interbank Buying / Jan 14	278.72
USD to Japanese Yen / Jan 14	157.97
USD to Swiss Franc / Jan 14	0.91
Pound Sterling to USD / Jan 14	1.22
Euro to USD / Jan 14	1.03

Stock	Volume
S&P 500 / Jan 14	5,842.91
India Sensex / Jan 14	76,499.63
Tokyo Nikkei / Jan 14	38,474.30
Nasdaq / Jan 14	19,044.39
Hang Seng / Jan 14	19,219.78
FTSE 100 / Jan 14	8,201.54
Dow Jones / Jan 14	42,518.28
Germany DAX 30 / Jan 14	20,271.33

Item	Value
Gold 10 Grams PKR / Jan 9	237,483
Crude Oil USD/Barrel / Jan 14	78.11
Karachi Cotton PKR/37.32 KG / Jan 14	18,785
Gold Spot USD/Ounce / Jan 14	2,691.80
Cotton US¢/pound / Jan 14	67.50
Petrol/Litre / Jan 15	252.66

Gainers
Losers
Leaders

Stock	Price
Gulistan Sp. / Jan 15 Gulistan Spinning Mills Limited(GUSM)	11.65 ▲ 1.06 (10.01%)
Shahmurad Sugar / Jan 15 Shahmurad Sugar Mills Limited(SHSML)	453.40 ▲ 41.22 (10.00%)
Masood Textile / Jan 15 Masood Textile Mills Limited(MSOT)	61 ▲ 5.45 (9.81%)
Arpak Int. / Jan 15 Arpak International Investments Ltd.(ARPAK)	76 ▲ 5.81 (8.28%)
Grays Leasing / Jan 15 Grays Leasing Limited(GRYL)	5.65 ▲ 0.42 (8.03%)
Leiner Pak Gelat / Jan 15 Leiner Pak Gelatine Limited(LPGL)	131.99 ▲ 8.87 (7.20%)
LSE Financial Serv. / Jan 15 LSE Financial Services Limited(LSEFSL)	16.97 ▲ 1.07 (6.73%)
Parmount Sp. / Jan 15 Paramount Spinning Mills Limited(PASM)	4.80 ▲ 0.30 (6.67%)
Dadabhoy Cement / Jan 15 Dadabhoy Cement Industries Limited(DBCI)	6.19 ▲ 0.38 (6.54%)

Stock	Price
Dewan Automotive Eng. / Jan 15 Dewan Automotive Engineering Limited(DWAE)	36.90 ▼ -4.00 (-9.78%)
Sapphire Textile / Jan 15 Sapphire Textile Mills Limited(SAPT)	1,130.02 ▼ -119.98 (-9.60%)
Cyan Limited / Jan 15 Cyan Limited(CYAN)	33.16 ▼ -3.19 (-8.78%)
First Fid. Leasing / Jan 15 First Fidelity Leasing Modaraba(FFLM)	2.30 ▼ -0.17 (-6.88%)
Unicap Modaraba / Jan 15 Unicap Modaraba(UCAPM)	2.90 ▼ -0.18 (-5.84%)
Pakgen Power / Jan 15 Pakgen Power Limited(PKGP)	98 ▼ -6.00 (-5.77%)
PICIC Ins.Ltd. / Jan 15 PICIC Insurance Limited(PIL)	3.21 ▼ -0.16 (-4.75%)
JS Bank Ltd / Jan 15 JS Bank Limited(JSBL)	11.02 ▼ -0.32 (-2.82%)
Frontier Ceram / Jan 15 Frontier Ceramics Limited(FRCL)	22.10 ▼ -0.60 (-2.64%)

Stock	Volume
Cnergyico PK / Jan 15 Cnergyico PK Limited(CNERGY)	42,527,928 ▲ 0.07
Pak Refinery / Jan 15 Pakistan Refinery Limited(PRL)	38,066,803 ▲ 0.00
K-Electric Ltd. / Jan 15 K-Electric Limited(KEL)	33,447,471 ▲ 0.10
WorldCall Telecom / Jan 15 Worldcall Telecom Limited(WTL)	29,525,333 ▼ -0.01
Sui South Gas / Jan 15 Sui Southern Gas Company Limited(SSGC)	26,679,632 ▲ 0.13
Hascol Petrol / Jan 15 Hascol Petroleum Limited(HASCOL)	26,398,810 ▲ 0.33
Telecard Limited / Jan 15 Telecard Limited(TELE)	19,836,175 ▲ 0.12
Pak Stock Exchange / Jan 15 Pakistan Stock Exchange Limited(PSX)	16,136,998 ▲ 0.27
Fauji Foods Ltd / Jan 15 Fauji Foods Limited(FFL)	15,314,743 ▲ 0.13

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