KARACHI: K-Electric plans to issue Pakistan’s largest ever Retail Listed SUKUK in private sector of PKR 25 Billion with seven years’ tenor (including green shoe option of up to PKR 5 Billion), which has been rated AA+ by VIS Credit Rating Agency. Senior members of K-Electric and Pak Brunei Investment Co. Ltd. (Trustee for Sukuk Issue) signing the Sukuk documents …

DUBAI: King Koil, one of the leading mattress brands in the region, announces unbelievable savings from 30% up to 50% discount across premium sleep products during Dubai Shopping Festival, starting from 26 December 2019 to 24 January 2020. King Koil products are designed to offer a sound of sleep to achieve a revitalized & rejuvenated body and a refreshed mind. …

TUNIS: Hilton will once again be welcoming guests to the Tunisian capital city of Tunis from after a landmark deal was signed with the Groupe Alliance. The new management agreement confirms a flagship Hilton Hotels & Resorts Property in the coastal suburb of Gammarth. An extensive renovation of Le Palace hotel will now see the property re-brand as Hilton Tunis …

ABU DHABI: The Federal Tax Authority has warned people against responding to e-mails or text messages that request personal financial or banking information and which claim that VAT will be refunded to those who reply. The authority stressed that these are fraudulent messages and that it never asks people to disclose their personal data via e-mail, text, or over the …

News Desk ABU DHABI: Etihad Airways will operate its popular seasonal routes from Abu Dhabi to Alexandria, Egypt, and Salalah, Oman, between 25 June to 15 September 2020. Due to the success of the routes in 2019, the period of operation has been extended by three weeks and a new fifth weekly service introduced on both routes on Fridays, complementing existing departures …

News Desk DUBAI: Emirates, the world’s largest international airline, is set to showcase its latest flagship Airbus A380 to visitors and spectators on 15 January at the Kuwait Aviation Show 2020. Visitors to the show will be able to tour the popular double-decker’s signature interiors and experience its industry trendsetting products across all three classes, including Emirates’ latest generation Onboard Lounge. …

MANAMA: Gulf Air – the national carrier of the Kingdom of Bahrain – in partnership with Bahrain Tourism & Exhibitions Authority, recently arranged a familiarisation trip for members of Southall Travel, one of the largest travel companies in the UK. The trip took place earlier this month and guests had the opportunity to experience the state-of-the-art Gulf Air aircraft and use …

DUBAI: Emirates Islamic, one of the leading Islamic financial institutions in the UAE, was named ‘Best SME Bank’ at the Enterprise Agility Awards, presented by du. The bank was recognised for its innovative and business-friendly proposition for small and medium enterprises (SMEs) and its status as a preferred bank for UAE national entrepreneurs seeking Shari’a-compliant products and services for their businesses. …

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 …