Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

A total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022. File 
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Updated 11 August 2022
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Saudi Arabia implemented over 600 reforms to improve business environment, says deputy minister

RIYADH: Saudi Arabia has implemented over 600 structural and legislative reforms that contributed to accelerating and improving the country’s business environment, deputy minister at the Ministry of Investment told CNBC Arabia. 

Saad Al-Shahrani said (the reforms) included facilitating the procedures for issuing investment licenses, whether from inside or outside the Kingdom.

He noted that a total of 150 deals, valued at SR19 billion ($5 billion), were signed during the first half of 2022, reflecting the attractiveness of Saudi Arabia for investors. 

This comes as part of the ministry’s efforts to enhance the Kingdom’s competitiveness as a regional business hub through a series of incentives and initiatives, Al-Shahrani added. 


King Abdullah II urges global ocean action at UN conference, holds key talks on Middle East stability

Updated 11 min 6 sec ago
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King Abdullah II urges global ocean action at UN conference, holds key talks on Middle East stability

  • Jordanian ruler highlights threat to ‘vital shared resource’ from climate change, overexploitation, biodiversity loss
  • King warns of dangerous consequences of further escalation in West Bank and Jerusalem, and calls for renewal of ceasefire

LONDON: King Abdullah II delivered Jordan’s national address at the third United Nations Ocean Conference in Nice on Monday, underlining the urgent need for global action to protect oceans and marine life, the Jordan News Agency reported.

The week-long conference, co-hosted by France and Costa Rica, has brought together hundreds of international leaders, officials, and experts to address the pressing environmental challenges facing the world’s seas.

In his remarks, King Abdullah described oceans as “a vital shared resource, sustaining billions of lives,” but warned that they are increasingly threatened by climate change, pollution, overexploitation, and biodiversity loss.

“This is a critical moment in time for action,” the king added, stressing the need for international collaboration to preserve marine ecosystems.

King Abdullah highlighted Jordan’s embrace of science as a tool for transformation, noting that the Gulf of Aqaba’s coral reefs show exceptional resilience to extreme temperatures. This unique feature, he said, positions Jordan as a global hub for marine research that could help save coral reefs worldwide.

To advance this vision, he announced the launch of two key initiatives: Aqaba Blue Ventures and the Global Center for Ocean Regeneration.

These projects will provide platforms to test new technologies that can be scaled up for global application, he added.

On the sidelines of the conference, King Abdullah held a bilateral meeting with French President Emmanuel Macron, during which he affirmed Jordan’s readiness to strengthen cooperation with France across various sectors, JNA reported.

King Abdullah held a bilateral meeting with French President Emmanuel Macron. (JNA)

The leaders stressed the importance of maintaining coordination on regional issues and called for immediate international efforts to reinstate a ceasefire in Gaza and facilitate the entry of humanitarian aid.

The king warned of the dangerous consequences of continued escalation in the West Bank and Jerusalem, reiterating that granting Palestinians their full legitimate rights remained the only path to lasting regional stability.

He also commended France’s role in promoting peace in the Middle East, particularly through its upcoming international conference in New York from June 17-20, organized in partnership with Saudi Arabia.

The meeting was attended by Jordanian Foreign Minister Ayman Safadi and Jordan’s ambassador to France Lina Al-Hadid.

Also on Monday, King Abdullah held additional high-level meetings with Cyprus President Nikos Christodoulides, Prince Albert II of Monaco, and UN Secretary-General Antonio Guterres.

King Abdullah also held additional high-level meetings with Cyprus President Nikos Christodoulides. (JNA)

The talks were part of the king’s broader diplomatic efforts to mobilize international support for the rights of the Palestinian people.

During the discussions, King Abdullah again stressed that a two-state solution was the only viable route to regional peace and highlighted the importance of the forthcoming New York conference.

He also reiterated the need to restore the ceasefire in Gaza, guarantee unimpeded delivery of aid, and put an end to unilateral measures in the West Bank and Jerusalem.


Songs of healing: Karachi’s blind musician uplifts young patients at kidney hospital 

Updated 56 min 47 sec ago
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Songs of healing: Karachi’s blind musician uplifts young patients at kidney hospital 

  • For over two decades, Zainab Imran has used music to bring comfort to children battling chronic illnesses
  • SITU is a highly regarded hospital for its urology and transplantation services, particularly kidney transplants

KARACHI: In the waiting area of the Sindh Institute of Urology and Transplantation (SIUT), soft music drifted through the corridors earlier this month.

Children began to gather, some sitting beside a woman at the keyboard, others nestled quietly in their parents’ laps. 

The melodies bring calm, even joy, to an otherwise tense space filled with long waits to see doctors and the dread of the difficult treatments that follow. 

At the heart of this daily ritual is Zainab Imran, a 44-year-old blind singer known among staff and patients as the “nightingale of SIUT.” 

For more than 20 years, she has been performing for young patients at SIUT, a leading health care facility in Karachi, highly regarded for its urology and transplantation services, particularly kidney transplants. 

“If these children find happiness through my singing, then nothing is greater than that,” Imran said as she prepared for another session of singing. “I cannot see, but I truly feel their pain, what they’re going through, how hard it must be. When they smile, even briefly, it brings me deep inner peace.”

Her journey with SIUT began in February 2004, when she met Javed Mir, a musician with polio who hosted children’s music programs on national television. 

“He used to sit with me and sing for the children. He encouraged me and taught me so much,” she recalled.

During her first performance at SIUT’s children’s ward around two decades, Imran played national songs on a keyboard. 

The response was overwhelming — clapping, smiles, and laughter filled the room. But behind the joy, there was also visible pain.

“Many children were crying, they were in such pain,” she said.

Her mother, who had accompanied her to the hospital, gently urged her to continue and to be strong for the children who needed her.

Imran also credits the support of SIUT founder Professor Dr. Adib ul Hasan Rizvi as a defining moment. 

“He placed his hand on my head and said, ‘You are our daughter, and you can do anything.’ That gave me strength.”

Imran has since become a beloved fixture at SIUT. To her, music is not just art, it is also medicine. 

“It’s often said that music is food for the soul,” she said with a smile. “If you’re upset or sad, even humming a tune can help you feel better. That’s exactly how I see music as well.”

“NEVER LOSE HEART”

Founded in 1974 as a 12-bed ward within a public hospital, SIUT has grown into a 2000-bed hospital with multiple units. In 2024 alone, it treated 4.2 million patients, including over 600,000 outpatient visits and more than 500,000 dialysis sessions.

Professor Dr. Ali Asghar Lanewala, head of the Pediatric Nephrology Department, said the facility’s outpatient pediatric clinic saw 300 to 400 children on each of its four weekly working days, with families often waiting three to four hours to see a doctor. 

“Her very melodious voice creates a vibrant atmosphere, and she engages the children by singing familiar songs with them,” he told Arab News. “This way, the long three to four-hour waiting period becomes a bit easier for the children.”

Imran hopes she can carry on singing for as long as life allows her. 

“Never lose heart. Insha’Allah, everything will be fine,” she told the children as she started to tap the keys of her keyboard. 

“Children must stay brave and strong, and keep reminding themselves, ‘No, I have to get better’.”


Pakistan expects 2.7% economic growth in FY25 amid weak farm and industrial outlook

Updated 09 June 2025
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Pakistan expects 2.7% economic growth in FY25 amid weak farm and industrial outlook

  • Current account swings to $1.9 billion surplus after record remittance inflows and stronger exports
  • Some analysts expect industrial and services sectors to post decent growth due to lower interest rates

KARACHI: Pakistan’s economy is expected to grow 2.7 percent in the outgoing fiscal year, missing the government’s 3.7 percent target due to what analysts called weaker-than-expected performance in the agriculture and industrial sectors, as Finance Minister Muhammad Aurangzeb unveiled the annual Economic Survey on Monday.

The survey, released ahead of the national budget on June 10, serves as a pre-budget document assessing the economy’s trajectory over the past year.

It outlines key indicators and policy challenges facing the country, which remains under an International Monetary Fund (IMF) program and is navigating a fragile recovery after a prolonged financial crisis.

“This has been a gradual recovery,” Aurangzeb told a televised news briefing in Islamabad, adding that the country’s economic performance must be viewed in the larger global context.

The finance minister said after contracting by 0.2 percent in FY23, Pakistan’s economy grew 2.5 percent last year and is expected to expand slightly to 2.7 percent in the outgoing year.

“We plan to stay the course to ensure that we remain on the sustainable growth trajectory,” he added.

Aurangzeb reaffirmed the government’s commitment to implementing IMF-backed structural reforms to transform the fundamentals of Pakistan’s economy.

“The DNA of Pakistan’s economy has to be fundamentally changed through tax and energy reforms that have started showing remarkable results,” he said.

The minister maintained staying in the IMF program would help Pakistan bring permanence to its hard-earned macroeconomic stability and reduce its economic vulnerability.

“Implementing a 37-month, US$7 billion IMF Extended Fund Facility (IMFEFF) has bolstered policy credibility and provided essential financial support to promote inclusive and reform-driven growth,” the Economic Survey also proclaimed.

Analysts said Pakistan targeted 3.7 percent economic growth for the outgoing fiscal year but was forced to revise it to 2.7 percent last month due to underperformance in the agriculture sector.

“The government did fall short of its 3.7 percent GDP growth target for FY25 and primarily it was due to a major setback in the agriculture sector,” said Sana Tawfik, head of research at Arif Habib Limited.

“The agriculture sector posted a growth of just 0.6 percent so the situation was especially concerning in major crops,” she added.

According to the survey, the agriculture sector is expected to grow by 0.56 percent, while the industrial and services sectors are likely to expand by 4.77 percent and 2.91 percent, respectively.

Meanwhile, inflation has eased significantly, giving room for monetary easing.

Aurangzeb called the inflation trend a “fantastic story” for Pakistan, with the pace of price hikes slowing to a record low of 0.3 percent in April. Inflation is expected to settle at 4.3 percent in the outgoing financial year.

The State Bank of Pakistan also cut its benchmark interest rate by over 1,000 basis points to 11 percent in FY25, with more easing likely ahead.

“This is the domain of the State Bank and the monetary policy committee so I don’t want to comment on that,” Aurangzeb said. “But I do expect where our core inflation is, where headline inflation is, there is room to do more.”

On the fiscal side, the survey showed that the government managed to contain the deficit at 2.6 percent of GDP for July-March, compared with 3.7 percent during the same period a year ago.

Revenues rose sharply, with tax collections increasing by 26.3 percent to Rs9.3 trillion ($32.9 billion), while total revenues stood at Rs13.4 trillion ($47.5 billion). Primary surplus also improved to 3.0 percent from 1.5 percent.

Government expenditure during this period rose to Rs16.3 trillion ($58 billion), with current and development spending increasing by 18.3 percent and 33 percent, respectively.

On the external front, Pakistan recorded a sharp turnaround in its current account, moving from a $1.3 billion deficit to a $1.9 billion surplus, driven by improved exports and record remittance inflows.

“The industry also struggled. If you look at the manufacturing sub-sector so LSM [large scale manufacturing] remained in the negative territory,” said Tawfik, noting that weak domestic demand, high inflation and elevated interest rates had weighed on performance.

“In short both demand and supply side factors combined dragged down the overall growth across key sectors of the economy,” she continued.

Aurangzeb said the government was working to further reduce energy costs for local investors.

“On the energy side, as I said one-third of the tariffs, seven rupee is not a small amount and Mr. Leghari [power minister] is working on it day in and day out,” he said.

Planning Minister Ahsan Iqbal last week said the government was targeting 4.2 percent growth in the next fiscal year starting July. Aurangzeb echoed this target, noting that growth would be driven by a rebound in agriculture and industry.

“This target would be achieved through growth in industries and agriculture that are expected to rebound on the back of government’s favorable financial, tax and energy policies,” he said.

Pakistan’s multilateral and bilateral partners, including the IMF, World Bank, China, Saudi Arabia and the United Arab Emirates, remain supportive of the country’s reform path.

“With respect to the Fund and multilateral partners I’ve already mentioned we are in a good place with them both in terms of the mission and the senior management of the Fund,” Aurangzeb said. “The monetary institutions and our bilateral partners are standing by us as we move forward.”

Shankar Talreja, an economist and director at Topline Research Ltd., expressed optimism about the outlook.

“There will be some natural rebound in important crops under the agriculture segment,” he said. “Similarly, due to lower interest rates, industrial and services sectors will also post decent growth.”


ABC News suspends journalist who called Trump, top aide ‘world-class’ haters

Updated 09 June 2025
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ABC News suspends journalist who called Trump, top aide ‘world-class’ haters

  • Terry Moran wrote that Stephen Miller’s ‘hatreds are his spiritual nourishment’

LONDON: ABC News has suspended one of its senior national correspondents after he published a series of now-deleted social media posts in which he described US President Donald Trump and top adviser Stephen Miller as “world-class haters.”

Veteran journalist Terry Moran, who recently interviewed Trump, wrote in the posts that both the president and the White House deputy chief of staff — known as the architect of the administration’s mass deportation policy — were driven by deep animosity toward their political opponents.

An ABC News spokesperson, in a statement on Sunday, confirmed Moran’s suspension “pending further evaluation,” and said the network “stands for objectivity and impartiality in its news coverage and does not condone subjective personal attacks on others.”

The spokesperson added: “The post does not reflect the views of ABC News and violated our standards.”

Moran claimed in the tweets that Miller “is not the brains behind” Trumpism, but rather someone who channels its “impulses” into policy through sheer malice.

He wrote: “It’s not brains. It’s bile. Miller is a man who is richly endowed with the capacity for hatred. He’s a world-class hater.”

Moran added: “You can see that his hatreds are his spiritual nourishment. He eats his hate.”

Turning to Trump, Moran wrote: “Trump is a world-class hater. But his hatred (is) only a means to an end, and that end (is) his own glorification.”

The posts sparked a backlash from conservative figures and further deepened tensions between ABC News, owned by The Walt Disney Company, and Trump’s allies.

The network last year agreed to pay $16 million to settle a defamation lawsuit filed by Trump over comments made by anchor George Stephanopoulos, in what was seen as a rare concession by a major broadcaster.

Reacting to Moran’s comments, Vice President JD Vance called them a “vile smear,” and added: “It’s dripping with hatred.”

Miller also responded, saying: “The most important fact about Terry’s full public meltdown is what it shows about the corporate press in America. For decades, the privileged anchors and reporters narrating and gatekeeping our society have been radicals adopting a journalist’s pose. Terry pulled off his mask.”

Moran’s posts came as the Trump administration, reportedly under Miller’s strategic direction, ramped up rhetoric around immigration and called for expanded deportation efforts.

Raids by Immigration and Customs Enforcement in recent weeks across major US cities, including Los Angeles, have reignited public protests. Some demonstrations outside the federal building in downtown LA have turned violent amid unconfirmed reports that detainees were being held inside.

ABC News has not announced when or whether Moran will return to the network.


UK think tank calls for national strategy to tackle anti-Muslim hatred, rebuild social cohesion

Updated 09 June 2025
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UK think tank calls for national strategy to tackle anti-Muslim hatred, rebuild social cohesion

  • Polling by Savanta/ComRes showed majority of Britons hold either neutral or positive views toward Muslims
  • Equi argued that this provided a foundation for progress for building societal trust

LONDON: A new report from the think tank Equi released Monday has urged the UK government to adopt a coordinated national strategy to address anti-Muslim hatred, while warning that social division is harming trust in institutions and threatening the country’s cohesion.

Released as British Muslims marked Eid Al-Adha, the report highlighted growing levels of anti-Muslim narratives and attacks, but also pointed to polling by Savanta/ComRes that showed that the majority of Britons hold either neutral or positive views toward Muslims.

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Equi argued that this provided a foundation for progress, and said that building trust, inclusion and civic resilience must be treated as a national priority.

“Britain’s diverse and welcoming cultural identity is one of its greatest strengths. But we cannot leave social cohesion to chance,” said Prof. Javed Khan, managing director of Equi.

“Failing to address social division is not only unjust but fiscally draining, at a time when resources are scarce,” he added.

The report identified anti-Muslim hatred as a key barrier to intercommunity trust, particularly in the aftermath of flashpoints such as the 2024 summer riots.

It estimated the cost of anti-Muslim hatred last year at a minimum of £243 million ($328.9 million), including expenses linked to policing, imprisonment, and insurance claims.

The report also pointed to alienating government policies, such as Prevent, and rising misinformation as major factors eroding social trust.

Many British Muslims, it noted, feel disproportionately scrutinized and disconnected from wider society.

Among its recommendations, Equi called for a strategic program of public awareness campaigns to counter misinformation and stereotypes, combined with cross-government engagement with local authorities, faith groups and civil society organizations to help rebuild trust.

It also advocated for increased investment in youth and community initiatives that promoted shared experiences and inclusive participation as a means of strengthening intercommunity ties.

“Knowing most Britons are not getting sucked into divisive language that can destroy community relations should give us great hope. The government should use its unique platform to articulate a unifying vision for the nation; one that focuses not on responding to division, but on championing shared values like respect, equality and liberty,” Khan said.

“As Britain’s 4 million Muslims celebrated Eid, this report provides a timely and urgent reminder that with clear focus and leadership, a stronger, peaceful and cohesive UK is within reach.”