Business

Upset by Trumps Iran waivers, Saudis push for deep oil output cut
Business

Upset by Trump's Iran waivers, Saudis push for deep oil output cut

Abu Dhabi: When US President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it would do so.

US envoy for Iran warns EU against non-dollar Iran trade

Brussels: European banks and firms who engage in a special European Union initiative to protect trade with Iran will be at risk from newly re-imposed U.S. sanctions, the U.S. special envoy for Iran warned on Thursday. ...

SAARC CCI decides to convene 78th meeting in Islamabad

Islamabad: The 76th Executive Committee meeting of SAARC Chamber of Commerce and Industry (SAARC CCI) decided to convene the 78th Executive Committee meeting in Islamabad at the occasion of inauguration of SAARC CCI at headquarters. ...

CPEC harbinger of investment, technology to the region: Chinese Envoy

Islamabad: Chinese Ambassador to Pakistan Yao Jing Wednesday said China Pakistan Economic Corridor (CPEC) would bring investment, latest technology and new projects to the region. ...

Rupee depreciates by 7.7 pc against US dollar

Islamabad: State Minister for Finance and Revenue Hammad Azhar Wednesday said the value of rupee has depreciated by 7.7 percent against US Dollar during the tenure of the current government. ...

Oil rises as OPEC, partners discuss supply cut

London: Oil rose on Wednesday, recouping some of the previous session’s slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. ...

ECNEC approves additional cost of BRT, extending it to Rs66.4bn

Peshawar: The Executive Committee of National Economic Council (ECNEC) has approved additional cost of mega Bus Rapid Transport (BRT) project extending it to Rs 66.4 billion from existing Rs. 49 billion. ...

ICCI seeks free import of technology, machinery for producing value added products

Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with Skill Development Council Wednesday organized a workshop on “Cost Reduction and Profit Maximization” for the education of local industry how to improve its competitiveness and enhance productivity. ...

Risking Trump ire, OPEC builds case for oil supply cut

London: OPEC built a case on Tuesday for cutting oil output when it meets next month, warning that a supply glut could emerge in 2019 as the world economy slows and rivals increase production more quickly than expected. ...