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Business & Finance

The Nest I/O launches 12 new startups at 10th Demo Day

By editor
February 13, 2020 UTC
in :  Business & Finance, News

KARACHI: The Nest I/O hosted its 10th Demo Day on Feb 7, where 12 startups pitched their businesses to investors, mentors, and entrepreneurs. Most of the Batch X startups like Nasheman, Irverde, Hyper Up, Track Arts, and Pakistan Cyber Gaming, amongst others have already launched their products/services into the market and completed numerous projects in collaboration with renowned institutions thus …

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Careem introduces a ‘Safety Button’ to alert authorities and its Safety ‘Specialists’

By editor
February 12, 2020 UTC
in :  Business & Finance, News, Travel

KARACHI: Careem has recently introduced a new ‘Safety Button’, which not only allows customers to conveniently access all of Careem’s Trust and Safety features but also enables them to call law​ enforcement authorities in case of emergency. Pakistan is the first market in the entire Middle East and North Africa (MENA) region where Careem operates, to enable a direct routing …

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Etihad Airways unveils TravelPass, an innovative subscription-based travel solution

By editor
February 12, 2020 UTC
in :  Business & Finance, News, Travel

News Desk ABU DHABI: Etihad Airways has announced a partnership with Norwegian technology developer Braathens IT, to develop TravelPass, an innovative travel solution initially aimed at corporate and frequent travellers which will launch later this year. The new TravelPass technology provides a subscription-based travel solution, allowing Etihad to offer its frequent guests complete flexibility and ease with their regular and …

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Gulf Capital leads US$ 40 Million Series D Investment Round in Vezeeta

By editor
February 12, 2020 UTC
in :  Business & Finance, News

DUBAI: Vezeeta, Middle East and Africa’s leading digital healthcare platform secured US$ 40 Million in its Series D round led by Gulf Capital, the Middle East’s largest and most active alternative asset management firm. The round had strong support from existing investor, Saudi Technology Ventures (STV), who led Vezeeta’s Series C round in September 2018. The fundraising supports Vezeeta’s mission …

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PTCL announces its financial results

By editor
February 12, 2020 UTC
in :  Business & Finance, News

LAHORE: Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the year ended December 31, 2019 at its Board of Directors’ meeting held in Lahore on February 11, 2020. PTCL’s Board of Directors has declared a final cash dividend of 5% i.e. Re 0.50 per share, which is in addition to …

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e-Magine celebrates its first ever international event in London

By editor
February 12, 2020 UTC
in :  Business & Finance, News

LONDON: e-Magine, a Pakistani based ed-tech start up, founded by Ms. Huda Garib in late 2016, is an organization that prides itself on conducting customized, dynamic, and immersive programs and workshops for high school students to equip them with the skills that will prove to be a major asset regardless of the industry in which they belong. Moreover, in addition …

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Record DWC passenger numbers exceed 1.6 million in 2019

By editor
February 12, 2020 UTC
in :  Business & Finance, News, Travel

DUBAI: Dubai World Central (DWC) registered a surge in customer numbers in 2019 with annual traffic exceeding 1.6 million (+81.5%) during 2019. The sharp increase in customer numbers was primarily the result of the relocation of operations by a number of international carriers during the 45-day closure of Dubai International’s (DXB) southern runway for rehabilitation in April-May 2019.  Year on …

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Dubai, São Paulo reaffirm commitment to boosting trade ties

By editor
February 12, 2020 UTC
in :  Business & Finance, News, World

DUBAI: Businesses in Dubai and São Paulo can by exploring untapped trade and investment potential in key sectors and areas of mutual interest such as agri-business, technology, innovation, transport and logistics, according to officials speaking earlier today at the Dubai-São Paulo Business Forum. The forum, held at Dubai Chamber of Commerce and Industry’s premises, was joined by a high-level delegation …

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Emirates Food Security Council holds its first meeting

By editor
February 10, 2020 UTC
in :  Business & Finance, News

News Desk DUBAI: Enhancing the UAE’s food security was the topic on the table at the first-ever meeting of the Emirates Food Security Council, which was held today, February 10, 2020. Taking place at the headquarters of the General Secretariat of The Cabinet, and Chaired by Her Excellency Mariam  Almheiri, Minister of State for Food Security, the meeting was attended by council members H.E. Obaid Rashid Al Hassan Al Shamsi, …

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Facebook issues online safety tips for teenagers

By editor
February 10, 2020 UTC
in :  Business & Finance, News

Facebook, the world’s famous social networking platform, has released tips for online safety addressing its one of the vibrant audiences, teenagers, in order to provide them safe user environment without any complication. Online safety is an important conversation that user can share with your teenaged kids, where both parents and teenagers have roles to play. For parents, it’s a good …

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The UAE Banking and Financial Sector is Resilient, Strong, Stable, and Well-Positioned to Navigate Regional Developments

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