Saudi Crown Prince Ordering Release of 2,100 Pakistani Prisoners ‘Bigger Takeaway Than $21B Investment’

MBS also reiterated his faith in the country’s leadership. “There is great leadership here to put Pakistan in the right position. We can see it happening.” PKONWEB Report (Islamabad) — Saudi Arabia’s Crown Prince Mohammad bin Salman on Monday orderering the release of more than 2,100 prisoners in the kingdom, with their ongoing plight proving […]

‘Sabotage’ Possible Reason For Satellite Launch Failures, Says Iran

PKONWEB Report (New York/Dubai) — Iran’s bid to launch a second satellite in the past two months has failed, Iranian Foreign Minister Mohammad Javad Zarif said in an interview with NBC News published on Friday. Zarif said sabotage by the U.S. is a possible reason. Iran’s effort to launch a satellite last month also failed. […]

Gulf Arab States Defense Spending to Top $111 Billion By 2023

PKONWEB Report (New York) — Defense spending by the Gulf ‘s Arab states is expected to rise to more than $111 billion by 2023, driven by regional security dynamics and localized military initiatives by Saudi Arabia and the UAE, says a report by Jane’s. Military expenditure in the Gulf will increase from $82.33 billion in […]

At World Summit on Governance, PM Khan Sells His Narrative, Gets a Nod From IMF Chief

Is Prime Minister Imran Khan heading towards generating one of the highest ever per capita investment and financial assistance the country may witness in decades? PKONWEB Report (Dubai/Islamabad) — Between 5:30 pm and 6pm UAE time, international and local attendees of the World Summit on Governance heard in pin drop silence as Prime Minister Imran […]

Saudi Arabia Reveals $450B Transportation, Infrastructure Expansion Plan

The kingdom plans to build five airports and produce 200km of railway network–part of its connectivity program as it embarks on building a massive non-oil economy. PKONWEB Report (Riyadh) — Plans to upgrade existing airports and establish new ones have been outlined by the General Authority of Civil Aviation (Gaca) under Saudi Arabia’s trillion-riyal National […]

Saudi Govt. Launch Office to Keep Up Corruption Fight, After $107B Recovery

The total amount raised so far is $107 billion in cash, stock, real estate and other assets. RIYADH — Saudi Arabia has launched a new office to monitor state spending, saying it would help keep up the fight against corruption after the closing of a 15-month crackdown, state media reported. The financial reporting office would […]

Saudi Crown Prince to Be Keynote Speaker at Investors Conference in Islamabad

The Saudi government is ready to put its money into financing projects alongside international investors not only in the kingdom but overseas also. PKONWEB Report (Islamabad) — Saudi Crown Prince Muhammad bin Salman upon arriving in Pakistan on February 17 will participate in an international investment conference scheduled to be held at a five-star hotel […]

UAE, Pakistan Accelerating Defense Cooperation

Both countries’ leaders espouse identical approach on various issues of regional and global importance. PKONWEB Report (Islamabad) — Pakistan’s Federal Minister for Defense Production Ms. Zubaida Jalal on Tuesday received UAE’s Head of the Executive Directorate of Industries and Development of Defense Capabilities Ministry of Defense, Major General Staff Pilot Ishaq Saleh Al-Balushi, in the […]

Construction On Saudi $500B ‘Neom’ Territory Based on Tech and Liberal Values to Start in Q1 2019

Neom will become a test case for a zero-energy mega-city with a size 33 times that of New York–and like a combination of Las Vegas and Hong Kong, in the Middle East. PKONWEB Report (NEW YORK/RIYADH) — Construction on Saudi Arabia’s Neom gigaproject will start in the first quarter of 2019, officials announced this week. […]

Governor of Tabuk, Pak Army Chief Discuss Regional Security

PKONWEB Report (ISLAMABAD) — Governor of Tabuk of Saudi Arabia Prince Fahad bin Sultan bin Abdul Aziz called on Chief of Army Staff (COAS) General Qamar Javed Bajwa at the General Headquarters in Rawalpindi, a statement issued by the Inter-Services Public Relations (ISPR) said on Monday. During the meeting, the two discussed matters of mutual […]

Saudi Private Jet Industry Stalls After Corruption Crackdown

The anti-corruption campaign launched in 2017 has won widespread approval among ordinary Saudis–the state has collected more than $13.33 billion so far from settlements reached under the crackdown, and aims to seize more than $100 billion in total in either cash or assets. DUBAI — A crackdown on corruption in Saudi Arabia has severely dented […]

Multibillion Investment In Pakistan By Saudi Aramco For Refinery, Acwa Power in Renewables

PKONWEB/BE2C2 Report — Pakistan expects approx $40 billion investment by three countries (Saudi Arabia, UAE, and China) in the next three to five years, officials said on Thursday. According to these officials, Pakistan and the Kingdom of Saudi Arabia have finalized the Memorandum of Understand (MoU) for the construction of multi-billion dollar Saudi Aramco oil […]

Saudi, Emirati Crown Princes’ Visit to ‘Naya Pakistan’ –in Early 2019

ISLAMABAD (Dec 20, 2018) — Middle East’s two key players eye Pakistan as part of its look East initiative amid emergence of the latter from vistage of terrorism acts and its look southwest policy. All three countries with a common religious and cultural bonding have similar goals in mind–tapping into the dynamics of an emerging […]

China Launches Two Satellites Developed By Saudi Arabia

RIYADH (Dec 7, 2018) — China on Friday successfully sent into space 2 remote sensing satellites made in Saudi Arabia along with 10 other small satellites via a Long March 2D carrier rocket from Jiuquan Satellite Launch Center in northwestern Inner Mongolia region. The satellites, Saudi SAT 5A and Saudi SAT 5B, developed by the […]

Dubai Female Police Officers Pull Plane to Guinness Record

DUBAI; Dec 6, 2018 — A group of 77 female police officers in Dubai set a Guinness record when they pulled a 372,142-pound Boeing 777-300ER a distance of over 300 feet. The women, participating the annual Dubai Fitness Challenge, worked together to pull the plane the Guinness-required 328 feet and earned the official world record […]

To Boost Export Of Its Environmentally Friendly LNG, Qatar Pulling Out Of Oil Cartel (OPEC)

Though OPEC only regulates oil production, spikes in the LNG industry impact the crude oil market and can undercut prices. BE2C2 Report (Dec 3, 2018) — The world’s largest exporter of LNG, Qatar has announced it’s withdrawing from the Organization of the Petroleum Exporting Countries (OPEC) as of January 2019 to focus its efforts on […]

Tehran Hosting Six-Nation Conference on Fight Against Terrorism

ISLAMABAD (Dec 2, 2018) — The Iranian capital on Friday will host the second edition of an international gathering of Parliament speakers from Afghanistan, Iran, Pakistan, Turkey, China and Russia on common security concerns specially fight against terrorism and expansion of inter-regional ties. During the 2-day conference in Tehran, several issues will be discussed, including […]

U.S.-Turkey Diplomatic Row Delays Delivery of 30 ATAK Helicopters to Pakistan

The withheld engines were believed to be part of Washington’s punishment of Ankara for its refusal to back out of its $2 billion S-400 air defense system deal with Moscow. ISLAMABAD (Dec 1, 2018) — Ankara’s sale of 30 Turkish-made T129 ATAK helicopter gunships to Pakistan will be delayed by at least six months due […]

Saudi Construction Costs to Rise With Workload, Labor Cost Next Year

BE2C2 Report: Two key drivers that will determine Saudi construction cost over the next 12 months are workload and labor cost, as project pricing is still very aggressive due to competition for work–besides the traditional areas of buildings and infrastructure, a new entrant in the construction sector are the EPCs and public-private consortiums vying for […]

Saudi Performer Sings Pakistani Song ‘Hey Jazba Janoon’ in Riyadh Concert (Video)

RIYADH (Nov 30, 2018): A Saudi Performer Ahmed Sultan drew admiration from Riyadh music lovers at the live concert of renowned Sufi singer Rahat Fateh Ali Khan (RFAK) when he said, “I love Pakistan, Do you love Pakistan’. The young Saudi singer then sang Pakistani song “Hey Jazba Janoon, to Himmat Na Har” with amazing […]