The move comes ahead of a Trump rally planned for Tuesday night near Detroit to mark the president’s first 100 days in office. The shift means companies paying 25 percent tariffs on car imports won’t also pay other duties, such as those on steel and aluminum, according to The Wall Street Journal, which was first […]
Citing Arabic-language daily Al-Rai, the report stated that companies failing to comply with the rule will face suspension of operations and will not be permitted to renew their commercial licences in Kuwait. “The ministry is preparing to compel companies, institutions, and all commercial license holders to set up an official email address for receiving notifications […]
The values of currencies are influenced by supply and demand in the foreign exchange market, which is affected by factors such as inflation, interest rates, and trade balances. The economy of Bahrain, strengthened by oil revenues and a fixed exchange rate pegged to the US dollar (2.65 USD), contributes to the dinar’s steadiness. 1 Bahraini […]
While U.S. President Donald Trump has claimed progress is being made on trade with China and many other countries, actual evidence is lacking. Treasury Secretary Scott Bessent failed on Sunday to back Trump’s assertion that tariff talks with China were underway. “The uncertainty itself is at least as damaging as the tariffs themselves, hurting the […]
The meeting comes at a critical moment for the world economy after the International Monetary Fund this week slashed growth forecasts over the impact of the American leader’s sweeping new tariffs. Diplomats from the trading bloc that includes current president Brazil, Russia, India, China, and South Africa will meet for two days in Rio de […]
This slight increase demonstrates the ongoing subtle fluctuations in the foreign exchange market, which are influenced by economic factors in both the UAE and Pakistan. The value of currency is determined by supply and demand in the forex market, influenced by aspects such as trade balances, inflation, and monetary policies. The UAE Dirham, which is […]
Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Friday, compared with the company’s earlier estimate of 8.5 billion yuan to 10 billion yuan. Revenue came in at 170.4 billion yuan in the quarter, up 36.4% year-on-year versus a 10.6% rise in the previous quarter. About BYD BYD (Build Your Dreams) […]
The Saudi Riyal’s selling rate was noted at Rs75.46. Saudi Arabia’s official currency is denoted as SAR or SR. A single Riyal is divided into 100 halalas. The relationship between Pakistan and Saudi Arabia is characterized by a deep-rooted, mutually supportive alliance, reinforced by significant financial aid from the Saudi kingdom. Recently, Saudi Arabia extended […]
As per Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is currently valued at SAR 3,955, with an ounce of gold costing 12,300 Saudi Riyal. Gold rates are influenced by global market trends, including those in Saudi Arabia, with the latest update noted at 10:00 am on April 25, 2025. For centuries, gold has […]
A Ministry of Commerce task force is collecting lists of items that could be exempted from tariffs and is asking companies to submit their requests, according to a source who spoke on condition of anonymity. Financial news magazine Caijing reported on Friday, citing sources, that Beijing was preparing to include eight semiconductor-related items, although not […]
