Pakistan is set to secure around $6 billion over the next three years in a bailout from the International Monetary Fund (IMF).
It's the 13th bailout since the late 1980s that the country has received from the IMF.
"Pakistan is facing a challenging economic environment, with lackluster growth, elevated inflation, high indebtedness, and a weak external position," IMF representative Ernesto Ramirez Rigo said.
The funding still needs approval from the IMF's management.
UAE, Tunisia launch CEPA negotiations
The UAE and Tunisia have announced the start of negotiations for a Comprehensive Economic Partnership Agreement (CEPA) to strengthen bilateral trade and investment.
Google charged with breaching EU rules, Apple told to open up to rivals
Alphabet unit Google was hit with two charges of breaching landmark EU rules on Wednesday while Apple was ordered to help rivals connect with its iPhones and iPads, as antitrust regulators continued a crackdown against Big Tech.
Dubai Land Department trials 'Real Estate Tokenisation Project'
The Dubai Land Department (DLD) has launched the pilot phase of its 'Real Estate Tokenisation Project', making it the first real estate registration entity in the Middle East to implement tokenisation on property title deeds.
BYD unveils new 5-minute super-charging EV tech
BYD has unveiled a new platform for electric vehicles (EVs) that it said could charge EVs as quickly as it takes to pump gas and announced for the first time that it would build a charging network across China.
Abu Dhabi agrees multi-year Microsoft-G42 partnership
Abu Dhabi government has partnered with Microsoft, and Core42, a G42 company, for a multi-year partnership to implement AI-backed cloud system aimed at improving government service efficiency.
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UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!
