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    Saudi Aramco to raise output capacity to 13m barrels per day

    Saudi Aramco to raise output capacity to 13m barrels per day

    11 Mar 2020

    Saudi Arabia’s energy ministry has directed oil producer Saudi Aramco to raise its output capacity to 13 million from 12 million barrels per day (bpd), CEO Amin Nasser said in...

    Japan for $4b package, not yet eyeing extra budget

    Japan for $4b package, not yet eyeing extra budget

    10 Mar 2020

    Japan unveiled on Tuesday a second package of measures worth about $4 billion in spending to cope with the fallout of the coronavirus outbreak, focusing on support to small and...

    Indian rupee breaches 74 per dollar mark

    Indian rupee breaches 74 per dollar mark

    10 Mar 2020

    The Indian rupee has breached the 74 per dollar mark and experts feel that with continued global economic concerns and possibilities of further plunge in financial and oil markets, it...

    German exports to China falls 6.5% year-on-year in January

    German exports to China falls 6.5% year-on-year in January

    09 Mar 2020

    German exports to China fell by 6.5 per cent on the year in January and the Federal Statistics Office said the drop could not yet be linked to the coronavirus,...

    Sweden slashes growth outlook for 2020 due to coronavirus

    Sweden slashes growth outlook for 2020 due to coronavirus

    08 Mar 2020

    The coronavirus outbreak will lower Swedish growth this year by around 0.3 percentage points, Finance Minister Magdalena Andersson said, adding the impact could be greater if the outbreak is longer...

    Sharjah Airport’s Dhs1.5 billion expansion drive on track

    Sharjah Airport’s Dhs1.5 billion expansion drive on track

    08 Mar 2020

    Sharjah Airport Authority (SAA) is implementing a comprehensive a Dhs1.5 billion expansion plan that is exceeding expectations. This was revealed recently by Ali Salim Al Midfa, Chairman of Sharjah Airport...

    Etihad Airways’ core operating performance high during 2019

    Etihad Airways’ core operating performance high during 2019

    05 Mar 2020

    Etihad Airways announced an encouraging 32 per cent improvement in its core operating performance for 2019 on revenues of $5.6 billion (2018: $5.9 billion). Losses were significantly reduced to...

    Cabinet clears 100 per cent FDI by NRIs in Air India

    Cabinet clears 100 per cent FDI by NRIs in Air India

    05 Mar 2020

    Clearing any possible hurdle in privatisation of Air India, the Union Cabinet on Wednesday approved 100 per cent FDI in the sale-bound airline by NRIs. The investment would be allowed...

    United States, China, UK top three destinations for Pakistani exports

    United States, China, UK top three destinations for Pakistani exports

    05 Mar 2020

    The United States of America (USA) remained the top export destinations of the Pakistani products during first seven months of current financial year (2019-20), followed by China and United Kingdom...

    Australia looks to reduce risk of recession, RBA may cut cash rate

    Australia looks to reduce risk of recession, RBA may cut cash rate

    02 Mar 2020

    Australia’s financial regulators scheduled an emergency call on Monday to discuss the impact of the coronavirus outbreak, two sources familiar with the matter told Reuters, as the country looks to...

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