INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Pakistani Basmati export to KSA, UAE suffers setback

Indian government has given the green light for the export of 75,000 tonnes of non-basmati white rice to the UAE.
  • Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi said that Saudi Arabia imports 80 percent of its rice from India
  • He; however, expressed the hope that the outcome of Prime Minister Imran Khan’s recent visit to Saudi Arabia may have some positive impact on the export of rice

Pakistan Commerce Ministry said on Monday that export of Basmati rice to Saudi Arabia, United Arab Emirates (UAE)  was hit badly after the Saudi investors either purchased or established rice mills in India, which are exporting the produce to Saudi Arabia.

Briefing a National Assembly panel, Commerce Ministry’s Director-General Dr. Syed Kausar Zaidi shared the plans of his ministry to boost exports of agri products.

He said that Saudi Arabia imports 80 percent of its rice from India.  He; however, expressed the hope that the outcome of Prime Minister Imran Khan’s recent visit to Saudi Arabia may have some positive impact on the export of rice.

Zaidi further stated that export of Pakistani Basmati rice to Kenya has been hit badly, but he did not share details.

Last year, however, Pakistan’s exports to Saudi Arabia had shown 35.4 percent increase following boost in demand from the oil kingdom.  At the time, India’s virus lockdown had further opened the mid eastern market for Pakistani rice.