Saudi Economy Grows 2.8% in Q1, Non-Oil Sector Leads
Saudi Arabia's real GDP expanded 2.8% in Q1 2026, led by non-oil activities. IMF forecasts 3.1% growth for 2026 as diversification progresses.
Category : Business
Pakistan Launches $1.15B Housing Push to Spur Growth
Pakistan unveils a multi-trillion-rupee housing scheme to build 500,000 homes over four years, aiming to boost jobs and economic growth amid a fragile recovery.
Saudi Arabia, France Discuss Mining Partnership
Saudi Minister Bandar Alkhorayef met France's Benjamin Gallezot to strengthen mining cooperation, focusing on exploration, investment, localization, and sustainability.
Geopolitical Risk to Lift Gold Prices: WGC
World Gold Council says geopolitical risk premium will continue lifting gold prices. Bar and coin demand up 42% in Q1 2026, while jewelry demand weakens.
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PTCL CEO Denies Etisalat Exit from Pakistan Telecom
PTCL CEO Hatem Bamatraf refutes media reports that Etisalat is considering exiting Pakistan, stating no discussions have occurred.
Qatar Real Estate Weekly Trading Volume Falls 5.7% to $120.5M
Qatar's real estate trading volume dropped 5.7% week-on-week to $120.5M, but Q1 2026 sales surged 28.5% year-on-year, signaling sustained investor confidence amid economic diversification.
Egypt Buys 730,000 Tons of Wheat from Local Farmers
Egypt has collected over 729,000 metric tons of locally grown wheat since the domestic procurement season began two weeks ago, official data shows.
PIF to End LIV Golf Funding After 2026 Season
Saudi Arabia's Public Investment Fund announces it will stop funding LIV Golf after the 2026 season, citing strategic realignment and macroeconomic conditions.
Palestinian Unemployment Soars in Gaza, West Bank Amid Israeli Attacks
Unemployment in Gaza hit 68% as Israel's war destroyed 92% of buildings. West Bank joblessness rose to 28% due to permit restrictions.
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GCC States Enhance Economic Integration Efforts
GCC states, including Kuwait, are intensifying efforts to boost economic integration and trade cooperation, with GDP reaching $2.4 trillion in 2025.
Arif Habib Group to Fully Acquire PIA
Arif Habib-led consortium notifies intent to buy remaining 25% stake in PIA, aiming for full private ownership of the national carrier.
Omoda and Jaecoo Hit 1 Million Global Sales Milestone
Omoda and Jaecoo, Chery's dual-brand venture, surpasses 1 million global sales in just three years, setting a new industry record. Europe leads growth with 41.5% of sales.
Saudi EXIM Bank Signs Reinsurance Deal with US Counterpart
Saudi EXIM Bank signed a reinsurance agreement with the US Export-Import Bank to support local enterprises with capital goods and production inputs, enhancing trade ties and supply chains.
Future of Saudi Insurance: ESG, Innovation, Resilience
Saudi Arabia's insurance sector is shifting from reactive coverage to prevention and resilience, driven by ESG principles, digital innovation, and AI, with market expected to exceed SR140 billion by 2030.
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Pakistan Inflation to Stay Within 8-9% in April Amid Iran War
Pakistan's inflation is expected to remain within 8-9 percent in April 2026 due to supply constraints from the Iran war, with key economic indicators staying stable.
ROX and JINGDONG Logistics Transform MENA Auto Parts Delivery
ROX and JINGDONG Logistics partner in Jebel Ali to deliver spare parts within 24 hours in UAE and a week across MENA, boosting after-sales service.
Pakistan hikes petrol, diesel prices amid Iran tensions
Pakistan raises petrol by Rs6.51 and diesel by Rs19.39 per liter as Iran war disrupts global oil supplies. Government extends subsidies for transport.
Trump Approves Major Canada-US Oil Pipeline 'Keystone Light'
President Trump approves the Bridger Pipeline Expansion, a 650-mile oil pipeline from Canada to the US, dubbed 'Keystone Light', over environmental objections.
Saudi Qiwa Platform Hits 2 Million Firms, Labour Reforms Tighten
Saudi Arabia's Qiwa platform surpasses 2 million registered firms as labour reforms raise contract compliance to 85%, with Vision 2030 driving digitalization.
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Oil dips on Iran talks proposal, set for weekly gains
Oil prices fell on Friday after Iran proposed US negotiations, but Brent and WTI remain on track for weekly gains amid ongoing Strait of Hormuz tensions.
Saudi POS Spending Tops $3.2B on Hajj Travel Surge
Saudi Arabia's POS transactions reached SR12.1 billion ($3.2 billion) in a week, driven by a 40.3% surge in hotel spending as Hajj pilgrims arrive.
Syria Relies on Russian Oil Despite Western Pivot
Syria's oil imports from Russia have surged 75% this year, making Moscow its top supplier despite ties with the West, raising concerns over sanctions and economic vulnerability.
Pakistan Ends Power Outages After LNG Arrival
Pakistan's energy minister announced the end of planned power outages after LNG supplies arrived, resolving fuel shortages that caused intermittent blackouts in April.
Saudi Arabia Showcases Startup Ecosystem in Tokyo
Saudi officials promoted the Kingdom's burgeoning startup ecosystem at a high-profile event in Tokyo, highlighting Vision 2030 and opportunities for investors.
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Iraq Starts Work on Basra-Haditha Oil Pipeline
Iraq has begun construction of a 700-km oil pipeline from Basra to Haditha with a capacity of 2.5 million barrels per day, aiming to diversify export routes amid regional tensions.
Russian Prosecutors Seek Moshkovich's Asset Seizure in Fraud Case
Russian prosecutors request court permission to seize assets of billionaire Vadim Moshkovich, founder of Rusagro, accused of embezzling 30 billion roubles.
Saudi Authority Approves Hajj Plan for Food and Medicines
The Saudi Food and Drug Authority finalizes its plan to ensure safe food, medicines, and medical devices for Hajj pilgrims, with extensive inspections and coordination.
Masam Project Clears 4,076 War Remnants in Abyan
The Saudi-backed Masam Project destroyed 4,076 landmines and war remnants in Abyan, Yemen, including shells, ammunition, and explosives, ensuring civilian safety.
Thousands Evacuated as Wildfire Ravages Tuscany, Italy
Italian authorities evacuated about 3,500 people in Tuscany as a wildfire burned over 800 hectares near Lucca and Pisa, with aircraft and ground crews battling the blaze.
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Sports Vital for Students' Mental and Physical Growth
Experts emphasize that sports are crucial for students' mental and physical development, promoting teamwork, discipline, and overall well-being.
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