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Global investors apprised about upward forex trend

KARACHI: Governor State Bank of Pakistan (SBP) Jameel Ahmad has said that Pakistan’s external sector has stabilised. ....

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How the adoption of electric vehicles is driving Saudi Arabia's green agenda

RIYADH: Around the world, electric vehicles are already revolutionizing leisure, public transportation and logistics, shrinking the carbon footprint of travel, improving air quality and reducing pollution in the air, on land and in the sea. As Saudi Arabia embarks on a range of environmental initiatives designed to address the challenges posed by climate change and foster sustainable economic development, EVs. ....

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Saudi development fund agrees $50m loan deal with St. Vincent and the Grenadines

RIYADH: The Saudi Fund for Development signed a $50 million loan agreement with St. Vincent and the Grenadines on Friday to assist communities affected by natural disasters, Saudi Press Agency reported. The deal was signed by SFD CEO Sultan Abdulrahman Al-Marshad and Camillo Gonsalves, finance minister of St. Vincent and the Grenadines, during the 2024 spring meetings of the World. ....

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Automobile Exports FY24: Automobile exports under stress in FY24, dip 5.5%, ET Auto

Automobile Exports FY24: “The decline is owing to the ongoing geopolitical issues including the Russia-Ukraine and Israel-Gaza conflicts and some countries where we are very strong in two wheeler and commercial vehicle exports are facing foreign exchange (forex) issues,” Vinod Aggarwal, President, Society of Indian Automobile Manufacturers (SIAM) told ETAuto. ....

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Most Asian currencies slip on Fed uncertainty; stocks mixed

THE Malaysian ringgit led declines among weak Asian currencies on Friday due to a buoyant dollar while regional share markets were mixed, as investors refrained from taking fresh bets on when the Federal Reserve will start to cut rates. ....

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