DUBAI: Pakistan successfully concluded its US$ 500 Million Syndicated Term Loan and Murabaha Financing Facility (the “Facility”) on July 25th 2019. The global syndication of Facility attracted more than 40% oversubscription driven by strong demand from local, regional and international investors.  Emirates NBD Capital Limited acted as the Global Coordinator on the Facility. The transaction was fully subscribed by 12 banks. …

DUBAI: Synology® recently found that several users were under a ransomware attack, where admins’ credentials were stolen by brute-force login attacks, and their data was encrypted as a result. Synology investigated and found that the causes of these attacks were due to dictionary attacks instead of specific system vulnerabilities. This large-scale attack was targeted at various NAS models from different vendors; …

News Desk KUWAIT: Careem and NBK today announce a new partnership that will see NBK manage the collection of Careem customer payments. Careem is the leading technology platform for the greater Middle East and has been operating its ride hailing service with taxis in Kuwait since 2017 and is the largest player in the market. Careem has changed the way people move …

ABU DHABI: Abu Dhabi-based real estate developer IMKAN announced the acquisition of a substantial plot of land in Egypt’s New Cairo district and the appointment of a new CEO for the Egyptian arm of its real estate business, IMKAN Misr. Walid El-Hindi, CEO of IMKAN, said: “Our latest plot acquisition in New Cairo is a clear indication of our company’s …

FRANKFURT: Star Alliance, the world’s largest airline alliance, and NEC Corporation, global leader in IT, network and biometric technologies, today signed a partnership agreement to develop a biometric data-based identification platform that will significantly improve the travel experience for frequent flyer programme customers of Star Alliance member airlines.  The interoperable platform advances the Star Alliance and NEC strategic vision of …

By Rafiq Vayani DUBAI: Movie stars Mahira Khan and Bilal Ashraf visited the popular American inspired QSR restaurant Jollibee at City Centre Deira to taste their famous and most selling spicy and crispy Chickenjoy. “We are so glad to have Mahira Khan and Bilal Ashraf with us,” said Hisham Al Gurg, CEO, Jollibee.  “We are always localizing our menu and …

KARACHI: Shajar Management Consultant is a management consultant firm that offers business solutions to startups and SMSE. SMC offers creative business solutions in Marketing, Media Management and Human Resources and holds training workshops. SMC held a corporate lunch at their office and professionals from different walks of life attended the lunch. This was a networking lunch with people from start-ups, …

ABU DHABI: Samsung researchers from Poland and China emerged as one of the leading teams at a recent contest to identify sounds using Artificial Intelligence (AI). The Detection and Classification of Acoustic Scenes and Events (DCASE) 2019 challenge, held by IEEE (Institute of Electrical and Electronics Engineers) sets out to test teams’ ability to use state-of-the-art AI technology to classify …

KARACHI: After a fulfilling summer break, the destination of choice, Dolmen Mall hosted its annual Back to School Summer Camp event for children at all three malls in Clifton, Tariq Road and Hyderi. The mall aided the preparation of going back to school and celebrated it through one last summer camp for kids and their parents before the start of …

ISLAMABAD: ZONG 4G, Pakistan’s No.1 Data Network has now become the first and only telecom company in the country to provide high-speed fiber optic internet. Backed by its world-class telecommunications infrastructure, ZONG 4G is bringing lightning-fast internet to its valued customers for an unparalleled fiber optic internet experience. As the pioneer of 4G technology in Pakistan, ZONG 4G has maintained …