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ADNOC Drilling closes JV

It is a JV between ADNOC Drilling, SLB and Patterson UTI.

Boeing to boost 787 production

The firm will invest$1bn to ramp up production in South Carolina.

ADNOC signs deal with PETRONAS

Under the agreement, ADNOC will supply 1m tons of LNG per year.

Aramco-Horse Powertrain deal completed

An agreement for the purchase of 10% equity stake was signed in June 2024.

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

Pakistan imports goods worth $10.6 b from four GCC countries

    • Imports from UAE $6.2 billion compared to $5.9 billion last year

    • The highest increase in imports recorded from Saudi Arabia

    Pakistan’s imports from four GCC countries were nearly $10.6 billion during the first 11 months of 2020-21, a report said.
    The country’s imports from UAE were worth nearly $6.2 billion compared to $5.9 billion last year, an increase of 3.72 percent.
    Among the GCC countries, Saudi Arabia accounted for the highest (68.37 percent) increase in Pakistan’s imports—$2.1 billion this year against $1.2 billion last year, WAM reported citing the State Bank of Pakistan data.
    The imports from Kuwait were recorded at $1.1 billion against $984 million last year.
    Pakistan’s imports from Qatar were recorded at $1.1 billion during the current fiscal year compared to $1.5 billion last year.
    China topped the list of countries from where Pakistan imported different products during the first eleven months of the financial year 2020-21.
    The total imports from China during July-May (2020-21) were recorded at $11.45 billion against the $8.2 billion during July-May (2019-20), showing an increase of 38.74 percent during the period, SBP reported.