LUDWIGSHAFEN: BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities. “Our aim …

News Desk KARACHI: Bank Alfalah, one of Pakistan’s leading banks, organized first of its kind Supply Chain Finance round table conference, a platform for interactive discussion with corporate clients from across the industries. The round table conference brought together officials from IFC (World Bank Group), who are engaged with Bank Alfalah for establishment of Supply Chain Finance solutions and key decision …

KARACHI: Faysal Bank Limited and Central Depository Company of Pakistan Limited (CDC) have entered into an agreement for implementation of CDC’s Efficient Payment Mechanism (EPM) through Cash Management payment services of Faysal Bank. This agreement signing ceremony was recently held at the CDC House in the presence of senior management of both organizations.  Mr. Yousaf Hussain, President & CEO – …

KARACHI: Careem and National Highway and Motorway Police (NH&MP) partnered to conduct road safety training for Careem Captains across Pakistan. Senior officials from the road safety authority in collaboration with Careem Operation team conducted a series of training in respective cities where Careem operates in. The defensive drivers’ training focused on spreading awareness about safe driving to avoid accidents, specially …

ABU DHABI: Etihad Airways has announced that it will launch new seasonal flights to Malaga in Spain, to meet strong customer demand from across the UAE and GCC for flights to the popular gateway to the province of Andalucía. Three weekly flights will operate via the Moroccan capital, Rabat, from26 June to 13 September 2020. Robin Kamark, Chief Commercial Officer, …

News Desk KARACHI: 10Pearls is thrilled to announce that our company has made the 2019 Inc. 5000 list. The most notable in a series of awards we’ve received this year, Inc. Magazine’s annual list is the most prestigious ranking of the nation’s fastest-growing private companies. “It’s fantastic to be included in this elite list of rapid-growth companies. Our growth has …

PUTRAJAYA: Tourism Malaysia has once again made headlines by winning the much coveted National Organisation of the Year at the 10th Indonesia Travel and Tourism (ITTA) Awards 2019/20 held on 17 December 2019 at the Kasablanka Hall in Jakarta, Indonesia. The award was presented to the Director General of Tourism Malaysia, Datuk Musa Yusof before some 1,000 captains of the Indonesian …

MUSCAT: Oman Air, the national carrier of the Sultanate of Oman, now delivers easy access to millions of accommodation choices – and a new opportunity to earn frequent flyer miles – through its partnership with Booking.com, a world-leading site for reserving hotel rooms and other lodging. To celebrate this new partnership, members of Sindbad, Oman Air’s award-winning frequent flier programme, …

LAHORE: While another exciting year in the world of e-sports comes to an end, 2019 was truly one of a kind with a one of a kind e-athlete seeing a monumental rise to the top of the mountain.  The 24-year-old Tekken prodigy from Lahore, Arslan ‘Ash’ Siddique did the unthinkable and won EVO Japan and EVO USA in the same …

DUBAI: STARZPLAY, the leading subscription video on demand (SVOD) service, has entered into a partnership with Asiacell in Iraq, a leading provider of quality mobile telecommunications and data services with a subscriber base of over 14 million customers. STARZPLAY’s streaming service will be available to all Asiacell’s ‘UNLIMITED’ monthly package subscribers. Asiacell, with its subscriber base of over 14 million customers, …