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Business & Finance

Cisco appoints new President and Chairman for Asia Pacific, Japan & Greater China

By Rafiq Vayani
January 9, 2021 UTC
in :  Business & Finance, News, World

SINGAPORE: Cisco, the worldwide technology leader, announced the appointment of Dave West as the new President, and Irving Tan as Chairman for its Asia Pacific, Japan and Greater China business. Dave is taking over from Miyuki Suzuki who has decided to retire after an illustrious career spanning nearly four decades. Dave has been with Cisco for 20 years and held various …

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PASPIDA delegation meets Mian Nasser Hyatt Maggo

By Rafiq Vayani
January 9, 2021 UTC
in :  Business & Finance, News

A delegation of Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA) under the leadership of Arshad Islam visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to congratulate Mian Nasser Hyatt Maggo newly elected President of FPCCI on his success. The delegation shared its concerns over the current burning issues of taxes, customs duty, and notices from …

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Shell signs MoU with K-Electric to jointly develop the first three Electric-Vehicle Charging Stations

By Rafiq Vayani
January 9, 2021 UTC
in :  Business & Finance, News

Playing an active part in the government’s aim to promote the use of Electric Vehicles, Shell Pakistan Limited (SPL) and K-Electric Limited (KE) have signed a Memorandum of Understanding (MoU), to jointly develop the first three Electric-Vehicle (EV) Charging Stations across Karachi and its connecting highways. The locations selected for installing 50 KWH Rapid chargers are; the Shell Defence Filling-Station …

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airBaltic passengers down 73% in 2020

By Rafiq Vayani
January 8, 2021 UTC
in :  Business & Finance, News, Travel, World

Latvian airline airBaltic in 2020 has carried 1 340 000 passengers or 73% less than the year before. In 2020, the airline performed 22 300 flights from all three Baltic states. Martin Gauss, Chief Executive Officer of airBaltic: “2020 will go in history as the toughest year commercial aviation has yet seen. For most of the year, we were able to maintain essential connectivity for …

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Gulf Air extends its No Fees Unlimited Changes campaign

By Rafiq Vayani
January 8, 2021 UTC
in :  Business & Finance, News, Travel

MANAMA: Gulf Air – the national carrier of the Kingdom of Bahrain – has announced the extension of its ‘No Fees, Unlimited Changes’ campaign allowing passengers to change bookings, exchange and refund tickets until 31 March 2021. Originally launched in March 2020, the campaign was one of the first global airline responses to provide peace of mind to Gulf Air …

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Sheikh Hamdan bin Zayed inaugurates track laying works across Al Dhafrah region

By Rafiq Vayani
January 8, 2021 UTC
in :  Business & Finance, News, World

ABU DHABI: His Highness Sheikh Hamdan bin Zayed Al Nahyan, the Ruler’s Representative in Al Dhafra Region, inaugurated track-laying works across Al Dhafrah Region in Package A of Stage Two of the UAE’s national railway, during his visit to Etihad Rail’s railhead in Al Ruwais. His Highness was accompanied by H.E. Falah Mohammad Al Ahbabi, Chairman of the Department of …

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HBL Asset Management Ltd. rating upgraded to AM2++

By Rafiq Vayani
January 7, 2021 UTC
in :  Business & Finance, News

VIS Credit Rating Company has upgraded the Management Quality Rating (MQR) of HBL Asset Management Limited (HBL AMC) from ‘AM2+’ (AM-Two Plus) to ‘AM2++’ (AM-Two Plus Plus). Outlook on the assigned rating is ‘Stable’. The upgrade in rating reflects the exhibited improvement in market position and fund performance. It also factors in a diverse product portfolio, adequate overall control, compliance …

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ENOC Group opens new service station in Umm Al Quwain

By Rafiq Vayani
January 7, 2021 UTC
in :  Business & Finance, News

ENOC Group has opened a new service station in Umm Al Quwain to meet the fuelling needs of motorists crossing Sheikh Mohammed bin Zayed Road from the Northern Emirates to Dubai and Abu Dhabi. This brings the total number of service stations by ENOC in the UAE to 150. The service station is built with five bridged canopy having 10 …

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Hysab Kytab boosts women’s digital financial inclusion through grant from Karandaaz

By Rafiq Vayani
January 7, 2021 UTC
in :  Business & Finance, News

Under a grant from Karandaaz Pakistan, Hysab Kytab’s application saw a 27% increase in conversion rate of the offered financial products in its women consumers. Karandaaz Pakistan, with funding from Bill & Melinda Gates Foundation, is running a digital experiments program and provided a grant to Hysab Kytab to generate insights and use data-driven design interventions in order to increase …

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Telenor collaborates with TPL Trakker to provide its customers precise navigation solutions via MyTelenor App

By Rafiq Vayani
January 7, 2021 UTC
in :  Business & Finance, News

In another effort to bring greater ease to its customers, Telenor Pakistan has partnered with TPL Trakker, Pakistan’s leading IoT Company providing tracking, telematics, and location based services & solutions. Through this collaboration, Telenor Pakistan’s customers will be able to use detailed, local maps for navigation via the MyTelenor App. The new app update has been specially mapped for Pakistan …

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