Tyre Residents Return to Rebuild After Israel-Hezbollah War
Residents of Tyre, Lebanon, are returning and rebuilding after the Israel-Hezbollah war, with over two-thirds back since the US-Iran deal, despite destruction and uncertainty.
Category : Business
Amsa Hospitality signs deals for 400 units in Riyadh, Qassim
Saudi hospitality developer Amsa Hospitality signed agreements with Radisson Hotel Group and Accor to create nearly 400 hospitality units across Riyadh and Qassim, announced at the Future Hospitality Summit.
Record Heat Causes Mass Poultry Deaths in France
Extreme heat in France has killed hundreds of thousands of poultry, overwhelming carcass collection services and prompting consideration of on-farm burial in top poultry regions.
Pakistan Gold Imports Drop 47.79% in 11 Months
Pakistan's gold imports fell 47.79% to $16.09 million in July-May 2025-26 from $30.82 million last year, with quantity down 21.65% to 306 kg, PBS reports.
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Parks, Heritage, Festivals Boost Saudi Summer Tourism
Saudi Arabia's Baha and Asir regions see summer tourism surge with parks, heritage villages, and festivals, deploying over 1,500 staff and maintaining 671 parks.
Ukraine Locust Outbreak in Dnipropetrovsk Region
Ukraine's state service on food safety and consumer protection has detected locust outbreaks in the eastern Dnipropetrovsk region, with up to 40 insects per square meter, prompting a special regime.
Punjab Launches Parwaaz Card: 135 Youth to Saudi Arabia
Punjab CM Maryam Nawaz Sharif sends off 135 skilled youth to Saudi Arabia under the Parwaaz Card scheme, providing interest-free loans and vocational training for overseas employment.
Pakistan Must Build Industrial Competitiveness on Proof
Pakistan's industrial upgrade requires a focus on measurable proof—digital records, traceability, and energy discipline—before adopting advanced automation, experts argue.
Industry 4.0 for Pakistan: Proof, Not Theatre, Is Key
Pakistan's industrial future depends on proof of production, not just automation. The country needs a manufacturing digitisation ladder starting with basic data, metering, and ERP, then advancing to sensors and AI, with policy and finance rewarding measur
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Saudi Tadawul Closes Lower at 11,007; Nomu Rises
Saudi Arabia's Tadawul All Share Index slipped 0.25% to close at 11,006.80 on Wednesday, while Nomu gained 0.25% to 23,055.81. Total turnover reached SR4.99 billion.
Pakistan, Libya Discuss Military and Security Cooperation
Pakistan's military chief Field Marshal Asim Munir and Libyan Deputy Commander-in-Chief Lt. Gen. Saddam Khalifa Haftar met in Rawalpindi to discuss enhancing bilateral defense and security cooperation, including military training and regional security.
IG Prisons Punjab Salik Jalal Launches Reforms, Surprise Visits
New IG Prisons Punjab Mian Salik Jalal began reforms on June 16, with surprise visits to Okara and Kasur jails, suspending staff for security lapses and ordering strict SOP compliance.
Entertainment Bodies Oppose Finance Bill Tax Withdrawal
Three entertainment bodies—UPA, ACT, DGP—oppose the government's plan to withdraw advance tax on imported foreign TV plays and ads, warning it could dismantle local industry rehabilitation.
Turkey Envoy Lauds Pakistan Ties, Announces Camp Expansion
Turkish Ambassador Dr Irfan Neziroglu praised Pakistan-Türkiye brotherly ties at AIOU's Turkish Summer Camp closing, announcing expansion to regional campuses and highlighting scholarship opportunities.
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AviLease prices $650m notes due 2031, oversubscribed 5.3x
AviLease, owned by Saudi PIF, priced $650 million notes due 2031 with 5.5% coupon. Oversubscribed 5.3 times, proceeds for general corporate purposes.
Saudi Center Records Largest Asir Garra Fish Migration
The National Center for Wildlife documented the largest known mass migration of Asir Garra fish in Wadi Turabah, enhancing knowledge of endemic species and supporting habitat protection.
Angie Báez's JPMorgan Exit After Knicks Bin Theft
Angie Báez was fired from JPMorgan Chase after taking a limited-edition Knicks rubbish bin during a parade; her estimated compensation was $250K-$350K.
Oil Prices Drop as Iran Tensions Ease, Hormuz Strait Shipments
Oil prices fell to four-month lows as more tankers prepare to leave the Strait of Hormuz following US-Iran ceasefire deal, with Brent crude down 0.5% to $76.71.
Pakistan Eyes 400,000 Workers for Saudi World Cup 2034
Pakistan aims to train and deploy 300,000–400,000 workers for Saudi Arabia's FIFA World Cup 2034 projects, boosting overseas employment and remittances.
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Tokyo Suburb to Supply Bear Sprays to Schools
Hachioji city in Tokyo will spend 15 million yen on bear sprays, electric fences, and sound devices for schools after a record 13 bear fatalities in Japan last fiscal year.
Saudi Ministry, PepsiCo Launch Industrial Entrepreneurship Program
Saudi Arabia's Ministry of Industry and Mineral Resources, in partnership with PepsiCo, launches a three-week industrial entrepreneurship program to empower entrepreneurs and transform innovative ideas into value-added ventures.
Bedouin Desert Life: Ancient Roots of Modern Sustainability
Bedouin communities in the Arabian Peninsula practiced sustainability principles like circular economy and resource conservation long before modern terms existed, experts say.
Stranded Tankers Exiting Hormuz Add 5M Barrels to Global Supply
Three stranded tankers carrying 5 million barrels of crude exited the Strait of Hormuz on Wednesday as the Iran-US interim deal unlocks supply, lowering global prices.
PIBF Six-Point Agenda for Pakistan-Iran Trade
PIBF has submitted a six-point agenda to Iran's ambassador, urging priority on the gas pipeline, ITI cargo train, petroleum imports, business cooperation, border markets, and a Gwadar industrial zone to unlock bilateral trade potential.
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Hub Residents Protest Gas Shortage, Demand Action
Residents of Hub city protest prolonged natural gas shortage, urging government action and replacement of Sui Southern Gas officials over supply failures.
Saudi Acwa Eyes Desalination, Green Hydrogen in Morocco
Saudi utility giant Acwa Power is exploring desalination and green hydrogen investments in Morocco, while expanding its Khalladi wind farm by 40 MW.
Three Saudi Industrial Firms Plan IPOs on Stock Market
Three local industrial companies are preparing for IPOs on the Saudi stock market, with some planning to list by end of 2026, as they seek capital for expansion and improved governance.
UAE Launches First Sovereign Retail T-Sukuk for Individuals
The UAE has launched its first Sovereign Retail T-Sukuk, allowing citizens and residents to subscribe directly to a two-year sukuk with a 4.3% profit rate, minimum investment of 1,000 dirhams, subscriptions open June 24-30.
Islamabad Fire: 380 Stalls Damaged, Rs120 Million Loss
A fire at Islamabad's H-9 Sunday Bazaar was controlled late at night, damaging 380 stalls and causing Rs120 million in losses, with no casualties reported.
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JPMorgan Executive Fired Over Viral Bin Theft
Angie Báez, a JPMorgan Chase executive, was fired after a viral video showed her stealing a public bin during NYC's Knicks championship parade, sparking criticism from sanitation officials.
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