New York leads the global list with 349,500 millionaires and 60 billionaires, but the metropolis of sheikhs and buildings that reach the clouds has been dubbed the wealthiest city in the Middle East, according to Business Recorder. Dubai is ranked 21st overall with 72,500 millionaires according to Henley’s & Partners’ “Top 50 Cities for Millionaires” […]
According to reports from the finance ministry, Pakistan is planning to seek an extension on a $12 billion loan from friendly nations to manage its financial needs for the fiscal year 2024-25. The breakdown of the requested extension includes $5 billion from Saudi Arabia, $4 billion from China, and $3 billion from the United Arab […]
Bitcoin, the first and most valuable digital currency, has reached a major milestone this week by completing its one billionth transaction. Since its creation in 2009, Bitcoin has taken fifteen years to achieve this milestone, which has been celebrated by the cryptocurrency community on social media platforms. Currently, Bitcoin’s price stands at approximately $63,582 on […]
Under the direction of Crown Prince Mohammed Bin Salman, Saudi Arabia is looking to diversify its economy by building a sophisticated Neom megacity. To this end, the airport in the city has installed biometric technology to enable contactless travel for travelers. Under the direction of the 38-year-old Saudi Arabian ruler, who hopes to digitally alter […]
Owner of tech behemoths Tesla, SpaceX, and X, Elon Musk, is encouraging Americans to procreate like bunnies. Considering his own track record as a father, it is hard to criticize him for being serious in his advice to have as many children as possible. Elon Musk is the father of eleven children by three separate […]
Saudi Arabia has announced plans to build the largest water theme park in the region at Qiddiya City, which is undergoing a transformation to become a world-class tourist destination. The country is accelerating its efforts to meet milestones in line with its ambitious ‘Vision 2023’ plan. A centerpiece of its Six Flags Qiddiya City endeavor, […]
Shell said Malaysia is important to the company. “We remain committed to the mobility business in the country,” it said in an updated statement on Tuesday, without elaborating. Saudi Aramco declined to comment on Monday. London-based Shell wholly owns around 950 fuel stations across the Southeast Asian country, according to its website, with only Malaysia’s […]
The Society of Motor Manufacturers and Traders (SMMT) said new car registrations were up 1% from a year ago to 134,274 units, although they remained more than 16% below pre-pandemic levels. Fleet registrations rose by 18.5% to 81,207 units. SMMT also raised its new car sales forecast for the year to 1.98 million units, slightly […]
The prices were skyrocketing but the low demand in the market has compelled the poultry owners to decrease the prices. The per kg chicken meat is now being sold at Rs470 per kg after a reduction of Rs78 per kg. The association said that the price of chicken registered a drop of Rs227 per kg […]
According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market, however, stood at Rs 277.50 and Rs 280.25 respectively. The price of the Euro decreased by 32 paise and closed at Rs 299.11 against the last-day closing of Rs 299.43, according to the State Bank […]
