News
Pakistan raises fuel prices again as Iran war keeps global oil markets on edge
11+ hour, 40+ min ago (308+ words) ISLAMABAD: Pakistan on Friday raised petrol and diesel prices by Rs26. 77 ($0. 096) per liter, the government said, as global oil markets remain volatile due to the ongoing conflict involving Iran, the United States and Israel. The latest increase takes petrol to Rs393. 35 ($1. 41) per…...
Pillar of national strength: Pakistan envoy in Dubai hails diaspora as key to remittance flows
19+ hour, 29+ min ago (306+ words) PESHAWAR: Pakistan's top diplomat in Dubai on Friday described members of his country's diaspora community in the United Arab Emirates (UAE) as a "pillar of national strength" for the economy of their home country, playing a key role by ensuring…...
Jordan's capital expenditure surges 60% in first 2 months of 2026
2+ day, 3+ hour ago (399+ words) RIYADH: Jordan's capital expenditure jumped 60. 4 percent year on year in the first two months of 2026, reaching 1. 98 billion Jordanian dinars ($2. 79 billion) by the end of February, a move aimed at accelerating economic activity and improving public infrastructure. According to a Ministry…...
Saudi construction costs rise 2% as equipment, labor drive gains
3+ day, 4+ hour ago (394+ words) RIYADH: Saudi Arabia's Construction Cost Index recorded a 2 percent year-on-year increase in March, driven largely by higher equipment rental and labor expenses, with both residential and non-residential segments posting gains." According to a report released by the General Authority for…...
Egypt targeting 5. 4% GDP growth in 2026/27 budget
1+ mon, 3+ hour ago (398+ words) RIYADH: Egypt is targeting gross domestic product growth of 5. 4 percent, inflation stabilization, and a primary surplus of 1. 2 trillion Egyptian pounds ($22. 7 billion) during the 2026/27 fiscal year, a top official revealed. Speaking during a meeting with President Abdel-Fattah El-Sisi to review the…...
Saudi Arabia's inflation edges up to 1. 8% in March: GASTAT
1+ week, 3+ day ago (685+ words) RIYADH: Saudi Arabia's annual inflation rate edged up to 1. 8 percent in March compared to the same month in the previous year, as housing rents continue to drive price gains, official data showed." The latest report from the General Authority for…...
Pakistan rolls out multi-level relief as fuel shock strains economy amid Iran war
3+ week, 8+ hour ago (429+ words) ISLAMABAD: Pakistani federal and provincial authorities announced multi-level relief on Friday to protect consumers from surging fuel costs, rolling out free transport, fare freezes and targeted subsidies even as the government grappled with high petroleum prices driven by the Iran…...
Saudi Arabia sees 90% net FDI inflow growth in Q4 2025
3+ week, 4+ day ago (328+ words) RIYADH: Saudi Arabia reported strong growth in net foreign direct investment in the fourth quarter of 2025, rising 90 percent year on year to SR48. 4 billion ($12. 9 billion), according to official data. In its most recent Foreign Direct Investment statistics bulletin, the General Authority…...
Egyptian banks seen resilient to Iran conflict shocks, Fitch says
1+ mon, 1+ week ago (770+ words) RIYADH: Egypt's banking sector is positioned to absorb the potential economic spillovers from the ongoing Iran conflict, supported by strong capital buffers, liquidity, and profitability, according to a report by Fitch Ratings." The assessment comes as escalating tensions in the…...
Jordan's free trade agreements drive 73% of exports
1+ mon, 1+ week ago (382+ words) RIYADH: Countries linked to Jordan through free trade agreements accounted for 73. 2 percent of the nation'stotal exports in 2025, official data showed. According to the Amman Chamber of Commerce, exports to these marketsreached 7. 04 billion Jordanian dinars ($9. 9 billion) in 2025, compared with 6. 55 billion dinars…...