Pakistan’s fuel reserves fall below strategic levels

ISLAMABAD: The country’s oil supplies are facing serious disruption due to pipeline and port congestion, forcing oil companies to go against standard operating procedures...

National debt, liabilities cross Rs2.2 trillion

Tahir Sherani | Nov 21, 2016 Pakistan's overall debt and liabilities have soared to an all-time high and have crossed Rs2.2 trillion ─ an increase...

Lebanon’s tourism sector suffers with lack of Gulf tourists

The road was empty. Dried leaves danced on vacant sidewalks, their rustling clearly audible as they rolled on the ground. Gazing upon the scene...

Is Kuwait on the verge of an economic crunch?

The Central Bank of Kuwait recently issued the 2015 economic report, highlighting some economic facts worth analyzing. The report pointed out that gross domestic product...

Are demonetised notes striking gold?

DEVESH K. PANDEY Financial investigation agencies have gathered prima facie evidence suggesting that a number of jewellers and foreign exchange operators in the country indulged...

Oil prices slip as persistent fuel glut returns to focus

Oil prices slipped on Friday as the market refocused on a persistent fuel supply overhang that is not expected to abate unless OPEC and...

Indian rupees: Holders of notes abroad face tough battle

People outside of India holding discontinued 500 and 1,000-rupee (£6; £12) notes face difficulties exchanging them, BBC research has found. British banks are generally...

Singles Day: Alibaba closes in on record sales

E-commerce giant Alibaba may smash the sales record for its annual Singles Day event. About 15 hours into the event, sales had reached 91.2bn...

Amazon to spread Black Friday sales over two weeks

Online giant extends discounted deal period, starting offers on 14 November, as retailers gear up for consumer rush. Amazon is to extend its Black Friday...

Asia’s emerging currencies plunge amid fears of Trump trade barriers

Concerns about possible US inflation also acted to push the US dollar higher against units such as the Indonesian rupiah and Malaysian ringgit. Asia’s emerging...

Business winners and losers from a Donald Trump presidency

Nick Fletcher | Nov 11, 2016 Coal, pharmaceutical companies and mining groups can all expect to benefit, while renewables are out in the cold. Winners Pharmaceuticals, Infrastructure companies,...

Why OPEC Still Can’t Get Iran To Cut Oil Production

OPEC members have in recent months repeatedly met to discuss production cuts. The cartel’s members are suffering from the dramatic decline in oil prices...