Economy



Karachi stocks rise; rupee steady

KARACHI: Pakistani stocks ended higher on Monday, after the central bank cut key discount rate by 100 bps over the weekend, a larger-than-expected move aimed at spurring economic growth against a back







Burgan Bank plans Saudi, UAE expansion

DEAD SEA, Jordan: Burgan Bank, Kuwait’s third-largest lender by assets, will consider expanding in the UAE, Saudi Arabia and Egypt as it raises the share of international operations in its business, i



Cayman Group, MEFIC Capital ink deal

JEDDAH: Cayan Group has signed an investment-fund deal with Saudi Arabia-based MEFIC Capital for the construction of a commercial property in Riyadh, the Gulf-based real-estate developer said in a sta





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