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Business & Finance

Air Arabia reports solid first quarter 2020 net profit of AED 71 million

By Rafiq Vayani
May 15, 2020 UTC
in :  Business & Finance, News, Travel

News Desk SHARJAH: Air Arabia (PJSC), the Middle East & North Africa’s first and largest low-cost carrier, today reported a profitable first quarter (January to March) 2020 despite COVID-19 impact on the carrier’s first quarter financial and operational performance. Air Arabia reported a net profit of AED 71 million for the three months ending March 31, 2020, a 45 percent less than the …

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ITU leads global efforts to commemorate World Telecommunication and Information Society Day amid COVID-19 pandemic

By Rafiq Vayani
May 15, 2020 UTC
in :  Business & Finance, News

GENEVA: World Telecommunication and Information Society Day (WTISD) marks the anniversary of the founding of the International Telecommunication Union (ITU) on 17 May 1865, when the first International Telegraph Convention was signed in Paris. The theme of this year’s World Telecommunication and Information Society Day (WTISD) is “Connect 2030: ICTs for the Sustainable Development Goals (SDGs)”. It reaffirms ITU’s commitment …

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airBaltic restarts flights from Riga to Tallinn and Vilnius

By Rafiq Vayani
May 15, 2020 UTC
in :  Business & Finance, News, Travel

RIGA: After a decision from the Government of Latvia to enable international passenger traffic between Baltic states and receiving all of the necessary permissions, on May 18 airBaltic will resume daily direct flights from Riga to Tallinn and Vilnius. Martin Gauss, CEO of airBaltic: “We provide the best connectivity to and from the Baltics. Now we return with a clear target to maintain our …

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Lufthansa Group Airlines will bring Dubai back to its schedule

By Rafiq Vayani
May 15, 2020 UTC
in :  Business & Finance, News, Travel

News Desk FRANKFURT: Starting at the beginning of June, Lufthansa will be offering again a resumed flight service from Dubai to Frankfurt. The flight offer from the United Arab Emirates will thus resume with three weekly departures. These new connections are part of the overall restart of schedules containing at the end of June 180 destinations. The Lufthansa Group connections …

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Hysab Kytab unveils impact of COVID-19 on consumer spending in Pakistan

By Rafiq Vayani
May 14, 2020 UTC
in :  Business & Finance, News

News Desk KARACHI: In its first ever webinar, attended by over 800 participants, Hysab Kytab shared their insights on the impact COVID-19 has had on consumer spending in Pakistan. A fintech solutions provider, Hysab Kytab, revealed intricate details regarding the changes that have come about in consumer spending as a result of the coronavirus crisis. The information, which was gathered using …

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Dubai Airports CEO speaks out on post-COVID-19 recovery plans

By Rafiq Vayani
May 14, 2020 UTC
in :  Business & Finance, News, Travel

DUBAI: Dubai Airports CEO Paul Griffiths today confirmed that while the airport operator is taking appropriate measures to control costs, optimise liquidity, facilitate cargo and repatriation flights and prepare for a timely and proportionate activation of facilities and services at Dubai International (DXB) to support the resumption of scheduled traffic, the timing and the speed of air traffic recovery will …

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SIUT receives 10 Million PKR from JS Bank, Mahvash and Jahangir Siddiqui Foundation and Partners

By Rafiq Vayani
May 14, 2020 UTC
in :  Business & Finance, News

KARACHI: Considering the growing need to strengthen the national healthcare systems in the fight against COVID-19, JS Bank, Mahvash and Jahangir Siddiqui Foundation and its partners have donated over Rs. 10 Million to the Sindh Institute of Urology and Transplantation (SIUT). This support will aid SIUT in procuring Personal Protective Equipment (PPE) kits, testing and lab equipment and other necessities …

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NESTLÉ MILKPAK donating half a million glasses of milk for a healthier Pakistan

By Rafiq Vayani
May 14, 2020 UTC
in :  Business & Finance, News

News Desk LAHORE: In the wake of COVID-19, NESTLÉ MILKPAK will be donating half a million glasses of milk in collaboration with dairy industry partners Tetra Pak Pakistan, Bulleh Shah Packaging Pvt Ltd, Interloop Ltd & Interloop Holdings, Sheikh Noor-Ud-Din & Sons Pvt Ltd and Texo Poly Industries Pvt Ltd. The support is part of Nestlé Pakistan’s earlier commitment of 100 …

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Union Coop: AED 46 Million Project in Umm Al Quwain

By Rafiq Vayani
May 14, 2020 UTC
in :  Business & Finance, News

DUBAI: Union Coop, the largest Consumer Cooperative in the UAE revealed that the progress init’s Umm Al Quwain Coop Residential and Commercial project, in Al Salamah – 3 area of Umm Al Quwain emirate has achieved 7%. The project has been designed and implemented as per the latest local and international architectural standards, as a part of the Union Coop’s …

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Beema goes extra mile in implementing precautionary measures at Tasjeel branch

By Rafiq Vayani
May 14, 2020 UTC
in :  Business & Finance, News

News Desk ABU DHABI: Dubai-based insurance innovator Beema Insurance, part of ENOC Group, reopened its branch at Tasjeel Al Barsha. In an effort to fight the COVID-19, Beema decided to implement protective measures that go beyond the required safety guidelines, thus ensuring increased protection of both staff and customers. In line with guidelines and directives issued by the Ministry of …

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