Global merchandise trade performed stronger than expected in the first half of 2025, mainly due to booming demand for artificial intelligence (AI) products, early import activity ahead of tariff hikes, and steady trade among emerging economies.
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This section brings you news reports from around the world, covering global events, politics, economy, and more. Stay informed with the latest international updates and developments.
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King Salman Orders Qiblatain Mosque Open 24 Hours
Madinah, October 6, 2025 – Custodian of the Two Holy Mosques King Salman has issued a royal directive to keep the historic Qiblatain Mosque in Madinah open around the clock, allowing worshippers to perform prayers at any time of day or night.
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Saudi Arabia Allows All Visa Holders to Perform Umrah
Jeddah, October 6, 2025 – The Ministry of Hajj and Umrah has announced that individuals holding any type of visa can now perform Umrah rituals while staying in Saudi Arabia, further enhancing accessibility for Muslims worldwide.
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Trump aims to protect US movies with 100% tariff
Washington, September 29, 2025 – U.S. President Donald Trump has announced a dramatic new policy proposal, declaring that he would impose a 100 percent tariff on all movies produced outside of the United States.
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Treasury, IRS propose rules on ‘No Tax on Tips’ deduction
WASHINGTON – The Treasury Department, in coordination with the IRS, has released proposed regulations clarifying the “No Tax on Tips” deduction.
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U.S. Fed eases policy with surprise rate cut
The U.S. Federal Reserve on Wednesday reduced its benchmark federal funds interest rate by 25 basis points, setting the new target range at 4.00 to 4.25 percent.
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Pakistan, Iran ink protocols to expand $10 billion trade
Islamabad, September 16, 2025 – The 22nd Session of the Pakistan-Iran Joint Economic Commission (JEC) concluded in Tehran with the signing of significant protocols aimed at boosting bilateral cooperation and achieving a $10 billion trade target.
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Iran and Pakistan agree to finalize FTA, activate border markets
Tehran/Islamabad, September 15, 2025 – Pakistan and Iran have moved a step closer toward strengthening bilateral trade ties, as both countries agreed to finalize a Free Trade Agreement (FTA) and operationalize border markets aimed at boosting commerce and improving connectivity.
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Pakistan, UAE strengthen anti-narcotics cooperation
Islamabad, September 11, 2025 – Pakistan and the United Arab Emirates (UAE) have reaffirmed their commitment to enhance cooperation in the fight against narcotics following a high-level meeting held at the Ministry of Interior.
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Japan records hottest summer in 127 years
Japan has endured its hottest summer on record in 2025, with the nationwide average temperature soaring 2.36 degrees Celsius above the long-term norm, according to the Japan Meteorological Agency (JMA).
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