Bangladesh PM's Plans Hit by Iran War, Fuel Prices Rise
Bangladesh's new Prime Minister Tarique Rahman faces early economic setbacks as the US-Israeli war on Iran disrupts fuel supplies, forcing price hikes and threatening stabilization plans.
Category : Business
AlUla Targets 500+ Native Plants by 2030 for Ecological Restoration
AlUla governorate is advancing as a global ecological restoration model through its native plant nursery and seed bank, aiming to cultivate over 500 local plant species by 2030. This initiative supports vegetation recovery, biodiversity conservation, and
Gwadar Port's $25B Potential Faces Technical, Security Challenges
Pakistan's Gwadar port could boost the economy by up to $25 billion annually, but technical limitations, security concerns, and policy gaps hinder its development as a regional shipping hub.
Saudi US Treasury Holdings Jump 19% to $160.4 Billion
Saudi Arabia's holdings of US Treasury securities increased 19% to $160.4 billion in February, marking the highest level in recent years. The Kingdom's investments reflect strategic foreign reserve management and oil revenue recycling into global markets.
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Saudi Arabia Implements 60% Saudization for Marketing, Sales
Saudi Arabia has begun enforcing new Saudization rules requiring 60% localization in marketing and sales professions, with a minimum salary of SR5,500 for Saudis, as part of Vision 2030 labor reforms.
Saudi Land Restoration Success Boosts Farm Incomes and Food Security
Saudi Arabia's rehabilitation of 1 million hectares of degraded land yields high economic returns, with modern agriculture programs increasing farm productivity and incomes significantly.
Pakistan Builds Floating Jetty in Karachi to Boost Seafood Exports
Pakistan has initiated construction of an environmentally efficient floating jetty at Karachi's Qur'angi Fisheries Harbor to boost seafood exports, currently valued at $500 million annually. The Rs120 million project aims to improve operational efficiency
Fire at Indian Firecracker Factory Kills 20 in Tamil Nadu
A devastating fire at a licensed firecracker factory in Tamil Nadu's Virudhunagar district has resulted in at least 20 fatalities and six injuries, with rescue operations ongoing and the cause still under investigation.
Bahrain Supports Private Workers as Gulf Feels Iran War Strain
Bahrain implements emergency measures, including wage guarantees and loan deferrals, to protect private-sector jobs and stabilize the economy amid regional conflict and economic disruptions.
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Oil Jumps 6% as US-Iran Tensions Flare Over Strait Blockade
Brent crude futures soared over 6% to $95.85 a barrel after the US seized an Iranian cargo ship, raising fears of a ceasefire collapse and disrupting oil flows through the critical Strait of Hormuz.
Asian Airlines Report Europe Demand Surge as Gulf Hubs Disrupted
Major Asian airlines like Cathay Pacific and Singapore Airlines report robust demand on European routes as travelers avoid Middle Eastern hubs due to conflict, with analysts predicting this shift could last 6-12 months.
Global Summit on Fossil Fuel Phaseout Begins Amid Energy Crisis
Over 50 nations gather in Colombia for the first-ever conference on phasing out fossil fuels, as the Iran war highlights global energy dependence and short-term coal reliance.
Pakistan Consults Business on Tax Base Expansion for Budget
Pakistan initiates consultations with investors and business groups to broaden its narrow tax base in the upcoming federal budget, targeting sectors like agriculture and IT under IMF guidance.
Saudi Real Estate Prices Fall 1.6% in Q1 2026
Saudi Arabia's real estate price index dropped 1.6% year-on-year in Q1 2026, with residential sector declines offsetting commercial gains, according to GASTAT data.
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Algeria Launches Global Oil and Gas Exploration Bid Round
Algeria has initiated a global bidding round for oil and gas exploration across seven fields, aiming to boost production capacity and attract foreign investment amid Middle East supply disruptions.
Saudi Operating Revenue Index Rises 5.9% in February 2026
Saudi Arabia's Operating Revenue Index increased by 5.9% year-on-year in February 2026, driven by strong performances in logistics, entertainment, and communication sectors. The transport and storage sector saw a 17% annual rise, while information and com
World Bank Supports Syria's Reserve and Gold Management
The World Bank has agreed to provide technical assistance to Syria's central bank to rebuild foreign currency and gold reserves, aiming to boost liquidity and support economic recovery after years of conflict.
Saudi HR Ministry Closes 14 Agencies for Labor Violations
The Saudi Ministry of Human Resources and Social Development has revoked licenses of 11 agencies and suspended 3 for breaching recruitment rules, urging use of the Musaned platform.
Riyadh Air Adds Jeddah, Madrid, Manchester to Network
Saudi Arabia's Riyadh Air announces new routes to Jeddah, Madrid, and Manchester, signaling global expansion ahead of its commercial launch as part of the Kingdom's aviation strategy.
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Govt Move to Bring Back Overseas Assets Welcomed
The government's new policy to repatriate overseas assets has been met with approval from economic experts and political leaders, aiming to boost Pakistan's economy and curb illicit financial flows.
Pakistan, ADB Sign Deal to Boost Business Insurance Access
The Government of Pakistan and the Asian Development Bank have signed a significant agreement to expand access to insurance solutions for businesses, particularly MSMEs, aiming to enhance financial inclusion and economic resilience.
Rs12.2bn Irregularities in Motorway Toll Contract
Audit authorities have identified significant financial irregularities totaling Rs12.2 billion in the motorway toll system contract, raising concerns about transparency and governance in infrastructure projects.
Global Project Fights Crop Diseases to Protect Food Security
A new global initiative aims to combat cross-border crop diseases, recognizing food security as a shared vulnerability. It promotes coordinated surveillance to mitigate agricultural pathogens and address climate-driven instability.
India Firecracker Factory Fire Kills 20, Injures 6 in Tamil Nadu
A devastating fire at a licensed firecracker factory in Virudhunagar, Tamil Nadu, has claimed at least 20 lives and injured six others, with rescue operations ongoing and the cause unknown.
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Beijing Launches Satellite Town for Aerospace Industry Growth
Beijing is establishing a new satellite town dedicated to advancing China's aerospace sector, reflecting the nation's strategic push in space technology and industrial development.
Iran Conflict's Impact on US Food Prices: Delayed Threat?
The closure of the Strait of Hormuz has spiked energy costs, but US grocery bills remain stable for now. Experts warn of potential long-term food inflation if the conflict persists, affecting supply chains and packaging.
Pakistan Cuts Jet Fuel, Diesel Prices as Global Oil Dips
Pakistan's government has announced a reduction in jet fuel and diesel prices, effective immediately, driven by a recent drop in global oil markets. This move aims to lower transportation and operational costs across various sectors.
SCCI Opposes CNG Closures, Hajj Policy in KP
The Sarhad Chamber of Commerce and Industry expressed serious concern over CNG station closures, calling it unconstitutional, and opposed a new Hajj policy requiring police NOCs, urging immediate government action.
KP Agriculture Secretary Pledges Crackdown on Corruption
Khyber Pakhtunkhwa's Agriculture Secretary commits to a strict anti-corruption campaign, addressing farmers' grievances via an online forum to enhance transparency and efficiency in the sector.
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Hydropower Surge Reduces Loadshedding to 3 Hours in Pakistan
The federal government reports a significant reduction in loadshedding, from 6-7 hours to 2-3 hours, due to increased hydropower generation from dam water releases. This improvement follows earlier peak-hour outages aimed at controlling electricity tariff
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