Main Menu

Thursday, July 5th, 2018

 

Saudi Binladin Group Now Being Run By Govt-Appointed Committee

JUL 5, 2018: Saudi businessmen Bakr, Saleh and Saad Binladin gave up their 36.2 pct stake in the Saudi Binladin Group to Istidama Holding Company, al-Arabiya TV reported on Thursday, citing the Saudi commerce ministry. The company, crucial to the state’s plans for major tourism and infrastructure projects, is now being run by a government-appointed committee after several senior brothers were detained in an anti-corruption purge late last year. The stocks transfer is part of a financial settlement with state authorities, sources told Reuters in March. According to earlier reports,Read More


Some LNG From U.S. Land in Pakistan’s Energy System Among 24 Other Countries

The US is projected to become the third-largest LNG exporter in the world, surpassing Malaysia and remaining behind only Australia and Qatar. JUL 4, 2018 (BE2C2): Pakistan bought some Liquefied Natural Gas(LNG) from the US also besides Qatar amid reports that US LNG exports quadrupled in 2017. Pakistan’s new ambassador to the United States Ali Siddiqui in an interview with Bloomberg TV and Radio this week said Pakistan has opened two LNG terminals and some US gas did land in Pakistan’s energy system. He also mentioned that ExxonMobil — anRead More


SC Orders 2 Dams Built With Public Funds, Bilawal Says “Dams Govt Responsibility”

JUL 4, 2018: Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari on Wednesday said the judiciary is not involved in the construction of dams anywhere in the world. Bilawal, 29, who’s contesting elections from two National Assembly constituencies in Sindh for the first time, said “the construction of dams is the responsibility of governments.” The PPP chairman was reacting to Chief Justice of Pakistan (CJP) Mian Saqib Nisar’s order for starting construction of two dams immediately as the country faces impending water crisis — water level in the dams hasRead More


7 Pakistanis Jailed For Robbing 14 Million Dirham From Dubai Armored Truck

JUL 4, 2018: Seven Pakistanis were jailed for three years on Wednesday for stealing Dh14 million (Rs470 million) from an armored truck in Dubai, Gulf News reported. Among those jailed were three drivers who worked for the cash transfer company, while the rest provided logistic support to it. All of the seven convicts will be deported from the country once they serve their imprisonment. The convicted 39-year-old Pakistani, as well as those accused of abetting the stealing, denied the charge — the verdict is subject to appeal in a courtRead More