China Hammers US Products With Tariffs as ‘Sparks’ Fly in Trade War

(BE2C2) — China has increased tariffs by up to 25 percent on 128 US products, including certain fruits and nuts, escalating a dispute between the world’s biggest economies in response to US duties on imports of aluminum and steel imposed by the Trump administration. The tariffs, to take effect on Monday, were announced late on […]

Works of 17 Contemporary Pakistani Artists Go on Display in Oman

(DESPARDES/PKONWEB) — An exhibition displaying the works of 17 contemporary Pakistani artists began yesterday at the Omani Society for Fine Arts (OSFA) in Muscat. The art show titled “Spectrum” is open until April 12 from 10am to 1pm and 5pm to 8pm at OSFA, Al Sarooj, behind Al Shatti Cinema. Spectrum feature a wide range […]

How One American University Penetrated Saudi Arabia’s Financial Elite

JOE McGRATH — Where money meets power in this arid desert monarchy, Stanford University has sway. The U.S. institution laid groundwork decades ago for the deep ties it has constructed in Saudi Arabia. Then the network effect took over. In the kingdom’s business community, Stanford has become the ultimate brand. And as a new generation […]

Pakistani Start-Up Karandaaz to Invest in Women-Led FinTech Firms

“Adoption of financial technology (fintech) in Pakistan will add 93 million bank accounts and $36 billion a year to the country’s GDP by 2025. It will also create 4 million new jobs and add $7 billion to the government coffers in this period.” (BE2C2) — Start-up investor Karandaaz Pakistan, funded by Gates Foundation, plans to […]

World Bank Okays $145 Million to Spur Home Mortgage Ecosystem in Pakistan

(BE2C2 Report) — The World Bank has approved $145mn for Pakistan Housing Finance Project (PHFP), aimed at expanding homeownership, including women and the poor through access to affordable house building loans. According to a report published by the World Bank in 2017, the housing in Pakistan is at a grim 1% while that for India […]

Movenpick to Open Exclusive Coffee Shops in Pakistan

(BE2C2 Report) — Movenpick has introduced its coffee brand in Pakistan with plans to open exclusive outlets separate from their ice cream parlors in the country. The manufacturers of Swiss ice cream recently held a launch at the Consulate of Switzerland in Karachi where various kinds of coffee, along with espresso machines for capsules were […]

Month Long EU Day Celebrations Begins In Riyadh

A month long celebrations to mark the EU Day was flagged off with a Children’s Book Fair at the King Fahd Cultural Center in Riyadh on Thursday. Highlighting the events that are lined up in the Kingdom at a press conference held at the headquarters of the EU Delegation, its head Ambassador Michele Cervone D’Urso, […]

Imran Khan Rules Out Alliance With ‘Corrupt Leaders Nawaz and Zardari’

(PKONWEB Report) — Pakistan Tehreek-e-Insaf (PTI) chairman has once against ruled out any political alliance with ‘bitter’ rivals, Pakistan Muslim League-Nawaz (PML-N) and or Pakistan People’s Party (PPP) in the 2018 general elections this summer. “There can be no alliance with corrupt leaders like Nawaz Sharif and Asif Zardari,” Imran said while addressing a news […]

Will Be Compelled to Quit PML-N if Party is Treated Like a ‘Housemaid’: Ch Nisar

(PKONWEB Report) — Former interior minister and co-founder of Pakistan Muslim League-Nawaz (PML-N) Chaudhry Nisar Ali Khan has made it clear that he would be compelled to leave the party if it continued to be treated like “ghar ki laundi” (a housemaid). Speaking at an interview with a private news channel on Saturday, the PML-N […]

Thousands of Palestinians Grieve After 17 Killed in Violent Gaza Clashes

(PKONWEB Report) — Thousands of Palestinians grieve after 17 were killed in violent Gaza clashes on Friday after Israeli forces fired live ammunition, tear gas and rubber-coated steel bullets at protesting Palestinians. The incident has prompted UN Secretary General Antonio Guterres to call for an “independent and transparent” investigation into the violence and the use […]

KPMG Hit by Hong Kong High Court in US$400 Million China Medical Fraud

(BE2C2) — Global accounting firm KPMG has suffered a major setback in its battle against liquidators of former U.S.-listed healthcare firm China Medical Technologies Inc, whose executives have been charged in the U.S. with defrauding investors out of over US$400 million. The China Medical case is the most high-profile and closely watched contest in years […]

Huge Sandstorm Blankets Saudi Capital Riyadh

(PKONWEB Report) — A sandstorm blown by gusting winds enveloped a huge area of the Saudi capital on Friday evening keeping people indoor to avoid traffic snarls on the roads. The Directorate of Civil Defense in Riyadh region has urged everyone to be cautious, after receiving an advanced alert from the Presidency of Meteorology and […]