Category: BE2C2

Tourism to Contribute $31 Billion to Saudi Arabia’s GDP By 2020

With a nominal GDP of $684bn in 2017, Saudi Arabia’s economy is more than three times the size of the median for A-rated countries, says Moody’s. May 8, 2018 (BE2C2) — The Saudi tourism sector is expected to contribute $31.47 billion (SR118 billion) to the GDP by 2020, said Hamad Al-Ismail, vice president for Investment […]

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U.S. Firm to Provide Saudi Arabia, Kuwait With Abrams Tank Parts

May 5, 2018 — The governments of Saudi Arabia and Kuwait will receive M1A2 Abrams tank hardware in a new U.S. government contract with ContiTech USA. The deal was announced Wednesday by the U.S. Department of Defense. More than $23.9 million will be obligated to ContiTech USA under the terms of a firm-fixed-price foreign military […]

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CPEC Projects ‘Come With 2.39 Pct Loans’ Payable Over 25 Years

Trade through the corridor will surpass $3 trillion; toll income would be 3 times the annual budget of Pakistan ~ $135+ billion May 5, 2018 (BE2C2) — The Project Director for China Pakistan Economic Corridor (CPEC) under the Ministry of Planning, Development and Reform, has said that Pakistan is the center of three engines of […]

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Cambridge Analytica Shuts Down All Offices in Wake Of Facebook Crisis

May 2, 2018 (BE2C2) — Cambridge Analytica, the embattled data firm that worked on President Trump’s 2016 presidential campaign, has told employees it is shutting down, along with its UK counterpart SCL Elections. The move, which impacts all offices of both companies worldwide, comes amid recent revelations that the company harvested the data of up […]

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PM Abbasi Inaugurates Long-Delayed New Airport in Capital Islamabad

“This airport rightly reflects what has happened in Pakistan in the last five years,” said Abbasi. Interior Minister Ahsan Iqbal said the government had inherited the project as a sick “white elephant” back in 2013. May 1, 2018 (BE2C2) — Prime Minister Shahid Khaqan Abbasi on Tuesday inaugurated the long-delayed new airport in the capital, […]

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UAE in Talks With Microsoft, Apple to Allow Skype, Facetime Calls

Microsoft has confirmed that it is in talks with UAE’s telecom to lift the ban on Skype. With unblocking of Skype and Facetime apps for cellphones and notepads, about 8 million of expats in the UAE are expected to benefit the most for incoming and outgoing free calls inland and overseas. May 1, 2018 (BE2C2) […]

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Karachi Team ‘Retailistan’ Wins 1 Million Rupees in 2017-18 StartUp Cup Finals

April 27, 2018 (DESPARDES/PKONWEB) — A team from Karachi, beat 17 other teams to take the top prize—1 million rupees—in the 2017-18 StartUp Competition finals, the fourth edition of the American Embassy-funded event in Islamabad. Retailistan developed a startup plan to change the consumer goods distribution model for small stores through mobile applications and will […]

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China, UAE Ink Deal To Open ‘Belt and Road’ Exchange in Abu Dhabi

It’s another big step for the Belt and Road Initiative (BRI); Investors and businesses seeking to tap into Beijing’s flagship project under BRI — the China-Pakistan Economic Corridor (CPEC) — could become its first beneficiaries, observers say. April 25, 2018 (BE2C2) — China’s largest securities exchange, the Shanghai Stock Exchange agreed a deal in principle […]

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Why Aramco IPO Won’t Happen Until 2019–at the Earliest

A $1.5 Trillion Aramco IPO Could Transform Global Stocks April 22, 2018 (Irshad Salim): The debate over which international stock exchange should be the venue for listing Saudi Aramco–the world’s most valuable company, has yet to be resolved while the timing of the initial public offering (IPO) appears to have been somewhat narrowed down. The […]

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President Xi Jinping Says Internet Control Key to China Stability

April 21, 2018: China must strengthen its grip on the internet to ensure broader social and economic goals are met, state news agency Xinhua reported on Saturday citing comments from President Xi Jinping, underlining a hardening attitude towards online content. Under Xi’s rule China has increasingly tightened its grip on the internet, concerned about losing […]

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