DUBAI: The Emirates Group today announced its 32nd consecutive year of profit, against a drop in revenue mainly attributed to reduced operations during the planned DXB runway closure in the first quarter, and the impact of flight and travel restrictions due to the COVID-19 pandemic in the fourth quarter. Released today in its 2019-20 Annual Report, the Emirates Group posted a profit of AED …

KARACHI: To keep devices safe from cyberattacks during COVID19 lockdowns, Microsoft has shared some useful guidelines on cybersecurity & data protection. “Our world has changed dramatically over the last couple of months and in an effort to keep the wheels turning, companies across the world are switching to remote work and Microsoft is no different”. Earlier this month, the company asked …

By Rafiq Vayani KARACHI: Patron-in-Chief Siraj Kassam Teli, Patron Zubair Motiwala and President Suleman Chawla of SITE Association of Industry, in a press statement, have demanded the Prime Minister of Pakistan to order immediate cut of 30% in the tariff of K-Electric in the wake of lowest oil prices locally & internationally. They said that K-Electric generates significant volume of thermal …

News Desk ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL), embarks upon a massive Ramazan ration drive to provide relief for families affected during the Coronavirus pandemic. The ration drive initiative will be covering 25 cities across Pakistan in the coming days. The ration packs for an entire month comprising of essential food items, were distributed amongst a few beneficiary families at …

KARACHI: Emirates operates special flights to repatriate Pakistani nationals from the UAE. These special flights to Islamabad, Karachi and Peshawar facilitated travel for residents and visitors wishing to return home. Flight EK612 carrying passengers from Dubai International airport arrived in Islamabad at 1630 hours on 07 May, and EK608 arrived in Karachi later on 07 May at 1810 hours. The …

RIGA: The Cabinet of Ministers of the Republic of Latvia, as the majority shareholder of Latvian airline airBaltic, has approved the investment of up to EUR 250 million into the equity of airBaltic in order to mitigate the company to overcome the economic crisis caused by COVID-19. Martin Gauss, the CEO of airBaltic, said: “With this new equity investment, we can begin to execute our new …

BIZ TODAY REPORT KARACHI: One of the good news coming in these torrid times, is the appointment of Mr. Shazad G. Dada as the President & CEO of United Bank Limited. Shazad Dada a seasoned banker is not new on leading positions, as he is currently President & CEO of Standard Chartered Bank in Pakistan and with that he also …

News Desk KARACHI: The Board of Directors of Meezan Bank in its meeting, held on May 05, 2020 approved the financial statements of the Bank for the quarter ended on March 31, 2020. The meeting was presided by Mr. Riyadh S.A. A. Edrees – Chairman of the Board; Mr. Faisal A. A. A. Al – Nassar – Vice Chairman of the …

LAHORE: As part of its PKR 100 million commitment to support vulnerable communities affected by the COVID-19 pandemic, Nestlé Pakistan has partnered with leading non-governmental organizations Akhuwat, Saylani Welfare International Trust, Shahid Afridi Foundation, Salman Sufi Foundation and RIZQ to support them in their relief activities. Nestlé Pakistan’s product donation towards government and non-government organisations, includes 4 million servings of milk, iron …

DUBAI: In celebration of International Workers Day and as commitment to its social responsibility, the Dubai Chamber of Commerce and Industry honored its support staff, in recognition of their vital role in ensuring a clean and safe environment for employees and customers of the Chamber. For the 12th year, in a row, the Chamber gave financial rewards to the support …