KARACHI:Pakistan Telecommunication Company Limited (PTCL) has injected an additional equity of PKR 1 billion in U Microfinance Bank Ltd. (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the Bank to further capitalize on the growth opportunities possible in Pakistan’s microfinance sector. Given the overall economic landscape, competitive environment and the opportunity to serve …

KARACHI: Etihad Airways has sponsored the annual Special Olympics gala dinner in Karachi for the seventh consecutive year. The prestigious event was to raise funds for the Special Olympics Pakistan team which will compete in the regional games in Abu Dhabi, in March this year. The airline is also the exclusive official airline for the upcoming Special Olympics World Summer …

LAHORE: METRO Cash & Carry Pakistan in a new initiative has join hands with Careem, the ride-hailing app, to make the travelling experience to METRO stores, economical and with ease. This partnership encourages customers to use Careem app when coming to and from METRO stores for shopping by using exclusive promo codes and by having dedicated pick-up points at all the …

MANAMA: Gulf Air, the Kingdom of Bahrain’s national carrier, has been independently ranked by UK aviation analysts OAG the third most punctual airline in 2017, amongst Middle East and African airlines, with an average on-time performance (OTP) of 80.22%. Gulf Air Chief Executive Officer Mr. Krešimir Kučko commented, “Punctuality is a critical element for travelers and we are delighted to …

BIZ TODAY REPORT DUBAI: Chinese arrivals to the GCC will increase 21% to 2021, rising to 2.5 million visitors annually, according to data released ahead of Arabian Travel Market 2018, which takes place at Dubai World Trade Centre from April 22-25. Published by Colliers International, the data predicts Saudi Arabia will experience the highest proportionate increase in arrivals from China, …

MUSCAT: Amadeus Gulf, a leading provider of technology and distribution solutions for the travel and tourism industry, has announced the appointment of Louis Arnaud as Country Manager for Oman, ushering in a new strategic focus on regional diversification and future growth within the Sultanate. Arnaudcomes to Amadeus Gulf’s Oman office with more than 15 years of global sales and leadership …

KARACHI: Al-Bustan is the main buffet restaurant of Mövenpick Hotel Karachi. To break the monotous buffet dinner routine, the restaurant has introduced Theme Nights offering diverse cuisines and various cooking styles. Exclusive menus have been prepared by the Executive Chef, Imran Ali for each Theme Night. The menus consist of dishes that directly compliment the nights. The aim of each …

DUBAI: Huawei is an early winner at CES® 2018, earning awards from global technology media titles following the Huawei Mate 10 Pro’s introduction to the U.S. market and the unveiling of the Huawei WiFi Q2 Series. Highlighting the Huawei Mate 10 Pro’s mobile AI processor, New Leica Dual Camera and long-lasting battery, among other features,media presented Huawei four awards – …

DUBAI: As a major part of the UAE Centennial 2070 objectives, H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai recently announced the need for a UAE Strategy for Artificial Intelligence (AI), to improve government performance and create an innovative and highly-productive environment. Dubai Municipality yesterday announced that it has selected Nexthink as one …

BIZ TODAY REPORT JAKARTA: Majyd Aziz, President, and Fasihul Karim Siddiqi, Secretary General, will represent Employers’ Federation of Pakistan, at the workshop of joint study on “Challenges and Opportunities for creating shared values in Industrial Relation in Light of Globalization, Productivity, Diversity and ICT Innovation” hosted by the Association for Overseas Technical and sustainable partnership (AOTS) of Japan in Jakarta, …