A view shows the logo of the Organization of the Petroleum Exporting Countries outside its headquarters in Vienna, Austria, May 28, 2024.— Reuters Gulf states struggle to ship exports via Hormuz.UAE exit represents a big win for the US.UAE criticises Arab states for not doing…
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UAE central bank revokes Omda Exchange license, imposes AED10m fine
A man enters the main branch of UAE Central Bank in Abu Dhabi, UAE. — Reuters/File
ABU DHABI: The Central Bank of the UAE has revoked the license of Omda Exchange and imposed a financial penalty of AED10 million due to violations of financial laws and…
PIA privatisation reflects govt’s seriousness to shrink commercial footprint: experts
A PIA plane pictured mid flight. — AFP/File
KARACHI: Experts welcomed the long-delayed privatisation of Pakistan International Airlines saying that the move sends a powerful signal to investors that the government is serious about shrinking its commercial footprint and…
Beijing presses Islamabad to settle $220m dues of Chinese energy firm
The representational image shows flags of China and Pakistan. — APP/FileUEP supplies over 260 MMcfd gas.Liquidity crunch forces layoffs at company.SIFC calls for urgent resolution of issue.
ISLAMABAD: China has urged Pakistan to clear $220 million in outstanding payments…