Wednesday, December 2, 2020

Most Gulf markets fall, UAE index up

DUBAI: The stock markets in the United Arab Emirates (UAE) closed higher, boosted by real estate and banking shares, defying the fall in other...

Pakistan’s remittances continues strong trend, remain over $2bn in Sept

The trend of strong workers' remittances continues in September as they remained above $2 billion for the fourth consecutive month. They increased to $2.3 billion,...

BB Energy completes investment in Pakistan’s Euro Oil

BB Energy, one of the world's leading independent energy trading companies downstream division has completed its investment in Pakistan-based trading company Euro Oil. “The investment...

Tech shares lead as Wall Street monitors stimulus talks

NEW YORK: Technology shares led US stocks higher Thursday as markets weighed mixed economic data and the odds of a last-ditch effort in Washington...

SBP introduces modification in cloud-based outsourcing arrangements for FIs

In order to enhance scope of outsourcing to Cloud Service Providers (CSPs) for Banks/DFIs/Microfinance Banks, the State Bank of Pakistan has made further modifications...

$65 billion cash mystery puzzles Britain’s audit office

LONDON: As cash declines in day-to-day transactions, Britain’s National Audit Office has uncovered a mystery: the number of pound notes in circulation has soared,...

SoftBank Group to sell U.S. cellphone distributor Brightstar in latest asset sale

TOKYO: SoftBank Group Corp said on Friday it would sell U.S. cellphone distributor Brightstar Global Group for an undisclosed price, marking the latest asset...

Asian stocks head higher on China data, markets eye Fed meeting

SINGAPORE: Asian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines. Chinese blue...

UK economy extends recovery from COVID crash, growth seen fading

LONDON: Britain’s economy recovered half of its COVID-19 crash by the end of July, helped by pubs and restaurants reopening from lockdown, but the...

Pakistan, UAE anti-money laundering MoU to help meet FATF conditions

Pakistan’s envoy in the United Arab Emirates Ghulam Dastagir has said that the recently signed Memorandum of Understanding (MoU) between the two countries to...

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