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Business & Finance

Arab Bank Group reports net profits of $195.3 million for 2020 12% cash dividends

By Rafiq Vayani
January 25, 2021 UTC
in :  Business & Finance, News, World

Arab Bank Group closed 2020 reporting net income after tax of $195.3 million as compared to $846.5 million in 2019, recording a drop of 77%.  Group equity grew to reach $9.4 billion. The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020. The year 2020 was challenging for the global …

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Malta and Salzburg are latest destinations to join flydubai’s growing European network

By Rafiq Vayani
January 25, 2021 UTC
in :  Business & Finance, News, Travel, World

flydubai, the Dubai-based airline, today announced that Catania and Naples in Italy, Salzburg in Austria and Malta will be joining its European network from May 2021. The carrier has grown its network to more than 65 destinations as countries continue to gradually lift travel restrictions. With the addition of Catania, Malta, Naples and Salzburg the carrier will operate flights to …

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Jetex signs agreement with Falcon Aviation

By Rafiq Vayani
January 25, 2021 UTC
in :  Business & Finance, News, Travel

DUBAI: Jetex, an award-winning global leader in executive aviation, signed an agreement with Falcon Aviation to manage its FBO and hangar at Al Maktoum International Airport, Dubai. This is a significant milestone for the global private aviation industry as Jetex is now operating the world’s largest private terminal in terms of VIP lounge space, which spans more than 32,000 square …

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Mai Dubai bats for healthy hydration as ‘Official Water Partner’ of Abu Dhabi T10

By Rafiq Vayani
January 25, 2021 UTC
in :  Business & Finance, Lifestyle, News, Sport

Mai Dubai, the bottled water company, announced that for the fourth consecutive year it will keep some of the world’s best cricket players hydrated as the ‘Official Water Partner’ of the upcoming season of the Abu Dhabi T10.  The popular sport event will take place from January 28th to February 6th, 2021 at the Sheikh Zayed Cricket Stadium in Abu Dhabi. The competition is …

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Meydan Hotels & Hospitality successfully completes Covid-19 vaccination drive

By Rafiq Vayani
January 24, 2021 UTC
in :  Business & Finance, News, Travel

News Desk DUBAI: Meydan Hotels and Hospitality are happy to announce that they have successfully completed their COVID-19 vaccination drive for all the employees of Bab Al Shams Desert Resort and The Meydan Hotel on 18th January to 22nd January 2021, respectively.  With the aim of ensuring their employees safety and their guests’ – both hotels conducted separate vaccination campaign drives …

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Qatar Airways and Iberia strengthen strategic partnership

By Rafiq Vayani
January 24, 2021 UTC
in :  Business & Finance, News, Travel

DOHA: Qatar Airways continues where it left off in 2020, further expanding its strategic partnerships signing an expanded codeshare agreement with Iberia. The agreement will enhance connectivity between the two airlines’ complementary networks and will offer additional travel options to our customers travelling between the Iberian Peninsula, Latin America, Africa, Asia-Pacific and the Middle East via the Best Airport in …

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METROFITT celebrates its third anniversary

By Rafiq Vayani
January 24, 2021 UTC
in :  Business & Finance, Lifestyle, News

News Desk DUBAI: Launched in 2017, with a collective experience of 75 years in the fitness and leisure sector, METROFITT aims to provide an easy, exciting, and affordable fitness life while prioritising your health. METROFITT is celebrating the third birthday of its first branch, located in one of the most prestigious Free Zones in Dubai (DAFZA). To commemorate its third …

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Annette Mann heads Corporate Responsibility unit at Lufthansa Group

By Rafiq Vayani
January 23, 2021 UTC
in :  Business & Finance, News, Travel, World

Since the beginning of the year, Annette Mann has headed the newly established unit of Corporate Responsibility at the Lufthansa Group. In this function, she is responsible for the further development, management and implementation of a holistic and Group-wide sustainability program. This includes, in particular, measures for climate-neutral flying, the optimization of the entire travel chain under the aspect of …

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Country’s first 6 star residential project “Creek Marina” opens for booking

By Rafiq Vayani
January 23, 2021 UTC
in :  Business & Finance, News

Pakistan’s first 6 star residential project “Creek Marina”(DHA approved) is being developed by Meinhardt, a leading designing and architectural company of the world is all prime to set a benchmark of luxurious residential living in the heart of DHA Phase 8. Our Sales & Marketing office is fully functional and operating with zeal and have a splendid response from our esteemed …

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Nestlé Pakistan steps-up efforts for waste-free Hunza

By Rafiq Vayani
January 22, 2021 UTC
in :  Business & Finance, News

In line with its global vision for a waste-free future, Nestlé Pakistan recently stepped up efforts under the Clean Hunza Project by installing a machine for bailing and compressing packaging waste in Hunza. Launched in 2019, Clean Hunza Project is part of District Council Hunza’s initiative on waste management, in partnership with Nestlé Pakistan, Gilgit Baltistan Waste Management Company (GBWMC) …

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