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Business & Finance

Bank Alfalah and NIFT launch their strategic collaboration on NIFT ePay

By Rafiq Vayani
July 27, 2020 UTC
in :  Business & Finance, News

KARACHI: Bank Alfalah & National Institutional Facilitation Technologies (NIFT) announced their strategic collaboration on NIFT’s digital financial services platform “NIFT ePay”, which is an industry first, enabling bank accounts for e-commerce across the banking industry. NIFT’s partnership with Bank Alfalah is unique and multidimensional; the Bank has supportedin the realizationof this new ecosystem by not only being the settlement bank …

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Emirates resumes service to Nairobi, Baghdad and Basra

By Rafiq Vayani
July 27, 2020 UTC
in :  Business & Finance, News, Travel

DUBAI: Emirates has announced it will resume flights to Nairobi (from 2 August), Baghdad and Basra (from 10 August), expanding its growing network, and offering customers around the world more convenient connections to Dubai, and via Dubai. This will take the airline’s passenger network to 67 destinations in August, including seven points in Africa and five points in the Middle East. …

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Dubai Chamber announces formation of Restaurants Business Group

By Rafiq Vayani
July 27, 2020 UTC
in :  Business & Finance, News

By Rafiq Vayani DUBAI: Dubai Chamber of Commerce and Industry has announced the establishment of the Restaurants Business Group, a new organisation that will support the restaurant sector in Dubai by unifying voices of member companies. The business group, operating as a non-profit body under the umbrella of Dubai Chamber, will serve common interests and tackle sector challenges through cooperation …

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New PCR testing procedures for all travellers flying on Etihad Airways flights to Abu Dhabi

By Rafiq Vayani
July 27, 2020 UTC
in :  Business & Finance, News, Travel

ABU DHABI: Effective 1 August, all travellers flying Etihad Airways from around the world to Abu Dhabi, and those transferring via Abu Dhabi onto other flights, will be required to show a negative Covid-19 PCR test result from a list of approved testing facilities listed on www.etihad.com/destinationguide, alongside their ICA approval if Abu Dhabi is their end destination. The PCR …

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Emirates Airline launches bespoke portal for travel trade partners

By Rafiq Vayani
July 27, 2020 UTC
in :  Business & Finance, News, Travel

News Desk DUBAI: Emirates today rolled out a brand new, state-of-the-art online gateway to serve its travel trade partners around the world. Tailored for each market, and personalised for each partner to cater to their unique business environment and needs, the Emirates Partners Portal is a one-stop shop for travel industry partners to quickly and securely access the full range …

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RTA Dubai uses big data to monitor physical distancing in buses

By Rafiq Vayani
July 26, 2020 UTC
in :  Business & Finance, News, Travel

DUBAI: Roads and Transport Authority (RTA) has set up a digital platform using Big Data, to detect any lack of compliance with the physical distancing between riders of public buses in Dubai and take enforcement measures accordingly. The move is part of RTA’s continued efforts to enhance the implementation of precautionary measures taken to curb the spread of Covid-19. “This …

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CSR is key to Covid-19 response for businesses in Dubai, study finds

By Rafiq Vayani
July 26, 2020 UTC
in :  Business & Finance, News

DUBAI: Businesses in Dubai investing in corporate social responsibility were able to respond more effectively to new challenges created by the Covid-19 pandemic, according to a new study from Dubai Chamber of Commerce and Industry’s Centre for Responsible Business. The study, conducted in May and June 2020, revealed that the Dubai businesses community quickly responded during the early stages of …

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Emirates Airline covers customers from COVID-19 expenses, in industry-leading initiative to boost travel confidence

By Rafiq Vayani
July 26, 2020 UTC
in :  Business & Finance, News

News Desk DUBAI: Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR 100 per day for 14 days, should they be diagnosed with COVID-19 during their travel, while they are away from home. This cover is provided by the airline, free of cost to its customers. …

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Arab Bank Group reports first half 2020 net profit of $152.1 million

By Rafiq Vayani
July 25, 2020 UTC
in :  Business & Finance, News

JORDAN: Arab Bank Group reported net income after tax of $ 152.1 million for the first half of 2020 as compared to $453.2 million for the prior period, recording a drop of 66%. The fall in the profits is attributable to the build up of higher provisions, driven by current and forecasted economic conditions, and reflect the deterioration in the macro-economic …

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Iqra University signs MoU with Beijing Language and Culture University

By Rafiq Vayani
July 25, 2020 UTC
in :  Business & Finance, News

KARACHI: Beijing Language and Culture University will collaborate with Iqra University to initiate joint academic programs in language, culture, research and business studies. Both universities will also partner in offering the Global MBA program. This collaboration will play a pivotal role in promoting the vision outlined by CPEC and the Belt and Road Initiative. The said alliance will foster an …

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