Web Desk Karachi, Author at HUM News

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Web Desk Karachi

Web Desk Karachi

Author Stories

Business

Web Desk Karachi
Dec 20, 2024

World Bank to approve $450 million Sindh Housing Reconstruction Project post floods

The project is designed to support owner-driven and resilient reconstruction efforts for core housing units.

Business

Web Desk Karachi
Dec 20, 2024

FBR announces tariff concessions for imports from Azerbaijan

The agreement will be put into effect from December 16, 2024.

Business

Web Desk Karachi
Dec 20, 2024

First non-Chinese loan in years, Pakistan obtains $300 million from UBL

Of the total loan, $250 million has been secured at an interest rate of one-year SOFR plus 3%, translating to an approximate rate of 7.2%.

Business UAE

Web Desk Karachi
Dec 20, 2024

UAE’s first government-owned EV charging network to implement tariffs in 2025

This shift to a tariff-based model emphasizes UAEV’s commitment to operational excellence and aligns with the UAE’s vision for a sustainable future.

Business

Web Desk Karachi
Dec 20, 2024

RTA Awards AED 20.5 billion contract for Dubai Metro Blue Line to Turkish-Chinese consortium

The project will span 30 kilometres and include 14 stations, poised to transform the transportation landscape of the city,

Business

Web Desk Karachi
Dec 19, 2024

Moody’s downgrades 7 French banks amid political chaos set to spill into 2025

This sentiment prompted selloffs in both French government bonds and the stock market.

Business

Web Desk Karachi
Dec 19, 2024

Azimut Group and China Universal Asset Management unite to bridge UAE and China markets

The group anticipates launching the ETF tracking Arab companies by the third quarter of 2025.

Business

Web Desk Karachi
Dec 19, 2024

Ottimo raises $140 million in pursuit of ‘$100 billion market’ for new cancer drugs

The next step for Ottimo’s drug is a large early-stage clinical trial to identify optimal dosages and effective combinations with other therapies.

Business

Web Desk Karachi
Dec 19, 2024

New venture fund aims to transform Kazakhstan into a tech investment hub

As Central Asia’s largest oil producer, Kazakhstan has witnessed the emergence of home-grown fintech companies, including US-listed Kaspi.kz, while actively working to reduce its reliance on energy revenue.

Business

Web Desk Karachi
Dec 19, 2024

Brexit cost UK £27bn in lost trade in first two years, says LSE report

An assessment by the Office for Budget Responsibility (OBR) has forecast that the UK will suffer a 15% slump in trade, leading to a 4% reduction in national income, over the longer term.