Staff Report Islamabad: The board of directors of Oil and Gas Development Company Limited (OGDCL) has approved an increase in the company’s funding commitment to USD 627 million, inclusive of project financing costs, reflecting its proportional share of total capital investment for multibillion billion dollars Rekodiq Gold and Copper Project. The approval came in the…
Staff Report The global travel technology market is booming that is valued at $10.7 billion. This market is expected to grow to $18.6 billion by 2033. As the tourism industry rapidly evolves, leaders and innovators are set to sit together at the 32nd edition of Arabian Travel Market (ATM) 2025, to take place at Dubai World Trade…
Staff Report The United Arab Emirates (UAE) has emerged as a key source of Russian tourism. Back in 2019, Russian tourism from the UAE was to a negligible level as only 23,000 visitors travelled to Russia. But things have changed very fast as by the end of 2024, as many as 65,300 UAE tourists had visited Russia….
Staff Report Jordan is having a moment. More than 1.32 million visitors from Gulf Cooperation Council (GCC) nations have arrived in Jordan in 2024, accounting for a 15% increase jump from 2023. This shows Jordan becomes a top choice for Gulf travelers who travelled looking for a mix of history, adventure, and luxury. The Jordan Tourism Board…
Staff Report Saudi Arabia has decided to expand its network by adding 11 new destinations this year. These include Vienna (Austria), Venice (Italy), Larnaca (Cyprus), Athens and Heraklion (Greece), Nice (France), Malaga (Spain), Bali (Indonesia), Antalya (Turkey), El Alamein (Egypt), and Salalah (Oman). This expansion is a result of a 16% increase in international passengers last year….
Staff Report Islamabad: The Delegation of the European Union to Pakistan, in collaboration with the Government of Pakistan, is proud to announce the first-ever High-Level EU-Pakistan Business Forum which will take place in Islamabad on 14-15 May 2025. The EU is the largest single market in the world and the largest destination for Pakistani ex-ports….
Staff Report Pakistan’s listed banks recorded a profitability of Rs158bn in 3Q2024, marking a 1% decline YoY but a 16% rise QoQ. Despite lower interest rates, the sector’s Net Interest Income (NII) grew to Rs507bn, up 6% YoY and 13% QoQ, driven by volumetric growth and favorable repricing. Interest income increased by 17% YoY and…
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