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June 24, 2017 4:58 AM The new Saudi Arabian heir is a dangerous man

Generate Enquiries for your Business by Listing on Economictimes.com The abrupt change in Saudi Arabia's line of royal succession will probably help maintain the House of Saud's sway over its 31 million people, 70 percent of which are under 30. It is, however, a dangerous move in the context of a new Big Game unfolding in the Middle East, which involves 2

June 24, 2017 12:00 AM Jeep, car production up 5pc in 10 months

ISLAMABAD: The production of jeeps and cars witnessed increase of five percent during the first ten months of the current fiscal year (2016-17) compared to the corresponding period of last year. As many as 160,650 units of jeeps and cars were manufactured during July-April (2016-17) compared to the production of 159,202 units during July-April (2015-16), according 2

June 23, 2017 8:30 PM Why Saudi Arabia hates Al Jazeera so much

If you want to understand why many Arab world leaders hate Al Jazeera, consider "Sharia and Life." For years, the call-in show was one of the network's most popular, reaching tens of millions. Viewers would call in and pose their faith questions to Yusuf al-Qaradawi, an Egyptian cleric and a spiritual leader of the Muslim Brotherhood. People would ask all kinds 1

June 23, 2017 3:42 PM At least 25 die as twin blasts rattle Parachinar

At least 26 people were killed and 100 were wounded when two explosions rattled Parachinar, capital of Kurram Agency, according to media reports. Political administration confirmed that 25 people were killed and at least 100 were injured in the explosions. Local official Nasrullah Khan told a foreign news agency that the first blast detonated as the market 4

June 22, 2017 3:45 AM Saudi king replaces nephew with son as heir

DUBAI - Saudi Arabia’s King Salman made his son next in line to the throne on Wednesday, handing the 31-year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Although Mohammed bin Salman’s promotion to crown prince was expected among those who follow the royal 13

June 22, 2017 2:10 AM FPCCI supports textile bodies demands, but not strike

KARACHI - Federation of Pakistan Chambers of Commerce and Industry has extended full support to All Pakistan Textile Mills Association and other textile representative bodies for raising the industry's voice on different issues. However, it has taken exception over the strike called by these and maintained that it would further damage the textile industry 5

June 22, 2017 12:16 AM Saudi Arabia's next king is a young, ambitious risk taker

DUBAI, United Arab Emirates (AP) - He is known as MBS and his rise through Saudi Arabia's corridors of power has been shockingly swift. At age 31, Mohammed bin Salman already controlled the kingdom's defense policy and was overseeing a massive internal economic overhaul with the backing of his father, King Salman. His sudden appointment Wednesday to the position 2

June 21, 2017 11:54 PM FBR imposes up to 60pc regulatory duty on vehicle imports

KARACHI: The Federal Board of Revenue (FBR) has imposed up to 60 percent regulatory duty on import of new, old and used luxury vehicles. The FBR issued two different SROs on Wednesday to update the implementation of regulatory duty that was announced in the budget on May 26, 2017. The FBR notified regulatory duty on ad valorem basis imposed on about 3

June 21, 2017 11:47 PM Saudi king names son his heir in place of nephew

RIYADH: Saudi Arabia’s King Salman ousted his nephew as crown prince on Wednesday and installed his son Mohammed bin Salman, capping a meteoric rise for the 31-year-old that puts him one step from the throne. The young prince already wielded huge power before he was named heir, spearheading a sweeping economic and social reform programme for the kingdom 7

June 21, 2017 4:03 PM Saudi king empowers young reformer son in succession shake-up

DUBAI Saudi Arabia's King Salman made his son next in line to the throne on Wednesday, handing the 31-year-old sweeping powers as the kingdom seeks radical overhaul of its oil-dependent economy and faces mounting tensions with regional rival Iran. Although Mohammed bin Salman's promotion to crown prince was expected among those who follow the royal family 3