RIYADH: Merak Capital has formally launched its operations from the Kingdom of Saudi Arabia under the Capital Market Authority license. The firm is founded by Abdullah Altamami, Othman Alhokail and Abdulrahman Bin Mutrib, Saudi nationals with extensive track record in technology and investments. The core focus of the company is building a technology-centric team and investing across different asset classes from early …

By Rafiq Vayani KUALA LUMPUR: As tourism players find a way to stay afloat, travel tech platform LokaLocal is using virtual reality technology to transform the way people discover destinations in Malaysia. LokaLocal’s virtual tours provide 360-degree interactive experiences to inspire globetrotters to visit Malaysia when travel restrictions are lifted. Integrated with stories, videos, audio and other elements, the public …

DUBAI: Dubai Chamber of Commerce and Industry has announced the launch of a task force under its Sustainability Network, which will address the issue of late payments to subcontractors and suppliers. The Task Force on Prompt Payment Practices for Subcontractors and Suppliers, joined by member companies representing a wide variety of economic sectors, will explore the root causes of late …

News Desk DUBAI: AutoPro announced the opening of a new centre at Al Qudra in Dubai and plans to open four additional centres by the end of the year to strengthen its footprint in the UAE.  Serving customers living in residential communities along Al Qudra Road, the new AutoPro centre will have three pits; offering services such as tyre replacement, oil change and …

By Rafiq Vayani AJMAN: As part of its continuing commitment towards appreciating the key dedication of its staff in the efforts to provide the best innovative services based on solid foundations and high standards to support the economic growth and prosperity of the emirate of Ajman, the Human Resources Department of Ajman Free Zone (AFZ) has revealed the launching of …

KARACHI: Pakistan has over 80 million 3g / 4g subscribers, and a huge potential of ecommerce, the market value is estimated at USD 2 billion with a remarkable average yearly growth of 58%. Covid has evidently caused a boom in online payments as the customer’s preference from cash has started to shift towards cashless means. Nonetheless, the value can be …

News Desk MONTREAL: Air bp, the international aviation fuel products and service supplier,is collaborating with Airbus to supply sustainable aviation fuel (SAF) fordelivery flights from Airbus’ facility at Hamburg Finkenwerder Airport (XFW/EDHI). The first aircraftare two Air Transat A321LR destined for Montreal, Canada. To enable SAF to be used for these flights, Air bp established a supply route, including transportation …

LYON & DUBAI: Emirates and Olympique Lyonnais (OL) revealed the club’s new jerseys for the 20/21 season during a friendly match against the Glasgow Rangers F.C. in Groupama Stadium on Thursday night as part of the Veolia Trophy. Much awaited by Lyon fans, the 20/21 Home jersey is the first to carry Emirates’ branding, marking the start of a five-year …

KARACHI: Colgate, the leading toothpaste brand, is breaking down barriers in the marketing sphere allowing creativity to take center stage with a new animated short film to spread awareness about the importance of oral health and hygiene amongst youngsters. The original animated short film titled ‘Colgate Tooth Defenders’, follows the story of the young tooth defenders, led by Dr. Rabbit …

News Desk KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank, has partnered with Sehat Kahani – an e-health services provider offering healthcare through telemedicine solutions to extend medical benefits to its employees and their families. In this regard, a Memorandum of Understanding was signed between the two parties at Meezan House, Karachi, attended by Mr. Munawar Rizvi – Group …