Business News

Is the Middle East addicted to apps?

Click to watch video (CNN) – In the Middle East, the demand for apps is high – and growing. CNN's Leone Lakhani explores how reliant people in the region are becoming on mobile applications, and what it can mean for day to day life.

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Pakistan Petroleum earns Rs50 billion in fiscal 2013

KARACHI:  On Wednesday, Pakistan Petroleum (PPL) – the country’s second largest oil and gas explorer – announced its earnings with growth slowing down as higher field expenditures eat up increase in revenues. According to a statement sent to the Karachi Stock Exchange, PPL earned Rs49.95 billion in the fiscal year 2012-13, 3% higher than Rs40.92 billion it made last year. ...

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Power house: AJK positions itself as hub of electricity generation

KARACHI:  Deputy Prime Minister of Azad Kashmir Chaudhry Muhammad Yaseen has invited private investors from different cities of Pakistan, especially Karachi, to invest in small and medium size hydropower projects in Azad Kashmir. Speaking to media persons at the Karachi Press Club, Yaseen said that Azad Kashmir has the potential to produce over 10,000 MegaWatts (MW) of electricity from hydro ...

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Interest rate: Analysts divided on rate revision ahead of monetary policy

KARACHI:  A hike of 50 to 100 basis points in the discount rate is inevitable in the current fiscal year, although experts disagree whether the much-anticipated increase will be made in the upcoming monetary policy announcement. Most analysts polled recently by The Express Tribune said there is little doubt the State Bank will increase the monetary policy rate – the ...

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The tricky art of valuing a company

Editor's note: Ivan Nikkhoo is managing director at Siemer & Associates, a boutique merchant bank that provides highly targeted M&A, capital raising and financial advisory services to Internet, software and digital media companies. One question I am most often asked is: “How much is my company worth?” In addition to the customary, “it depends,” my answer is usually followed by: ...

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Google’s boost to London’s start-up scene

Click to watch video Traditionally, Silicon Valley and New York have been the main places for entrepreneurs to launch their businesses. Now, however, other centers are emerging as start-up hotbeds. Google Campus, opened in London last year, has been at the forefront of the city's start-up scene. The center has attracted entrepreneurs locally and internationally, with interest from Europe to ...

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Margin call: Imitating Wall Street model, Standard Capital to modernise trading

KARACHI:  If you have watched a Wall Street flick like Margin Call, the sight of rows upon rows of multiple-screen terminals showing real-time stock movements on a vast trading floor buzzing with hundreds of equity dealers should not be completely unfamiliar. While the size of the Karachi Stock Exchange (KSE) is surely a far cry from Wall Street’s enormous volumes, ...

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Give and take: World Bank poised to enhance assistance to $1.5b

ISLAMABAD:  The World Bank has said it is ready to increase annual assistance to Pakistan to .5 billion, almost three times more than what Islamabad received in the last fiscal year, as the country promises to implement long overdue reforms. The Washington-based lending agency’s top man for South Asia, Phillippe le Houerou, said on Wednesday in view of the economic ...

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Peace&Inspiration: Gambling Online In The Traditional Lean-to Conservatory

Do you have any idea what a lean-to conservatory is and what is it used for? On short, the lean-to conservatory is a traditional conservatory or a Mediterranean/sun lounge that can help you make maximum use of the space you currently have available. It will accomplish this at a convenient cost since it is most likely the simplest conservatory to ...

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