KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for full year ended December 31st, 2018. The Company posted a consolidated profit-after-tax (PAT) of PKR 23,632 million – up by 45%, while PAT attributable to the shareholders increased to PKR 12,708 million from PKR 9,407 million during comparative period last year. Engro Corporation completed 2018 with revenue of PKR 171,568 …

DUBAI: Demand within the UAE’s food and beverage sector is expected to gain momentum over the next three years, supported by the country’s fast-growing population, rising number of tourists, and expanding halal food market, according to new analysis from Dubai Chamber of Commerce and Industry. The findings of the analysis were revealed during a briefing hosted earlier this week on …

By Rafiq Vayani DUBAI: Aiming to expand its global reach, English Biscuit Manufacturers (Pvt.) Limited (EBM), the leading biscuit manufacturers of Pakistan representing Pakistan at the Gulfood Exhibition 2019 at Dubai World Trade Center. While speaking to the media at the occasion, the Managing Director and CEO of EBM, Dr. Zeelaf Munir, said, “Quality has always served as the foundation …

By Rafiq Vayani DUBAI: Agthia Group PJSC, one of the region’s leading food and beverages companies, announced today the Group’s sustainability practices and application of environmental, social, and corporate governance (ESG) standards in its business operations in the presence of His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, His Excellency Eng. Dhafer Ayed Al …

News Desk RIYADH: Visa (NYSE:V), the world’s leader in digital payments, today brings Apple Pay to its Saudi-based cardholders. Apple Pay allows prepaid, debit and credit cardholders to make easy, quick and secure purchases using their iPhone and Apple Watch in stores that accept contactless payments. Visa cardholders can also make payments with Apple Pay in-app or on the web. Apple Pay will allow …

KARACHI: Telenor Microfinance Bank (TMB) and the Central Depository Company of Pakistan Limited (CDC) have signed a Memorandum of Understanding (MoU) at CDC House Karachi. A salient feature of the MOU will be the Easypaisa platform which will facilitate CDC account holders in biometric verification and collection of funds.  Signatories to the MoU were Shahid Mustafa, President & CEO Telenor …

KIGALI, Rwanda: A total of 20 startups from the UAE and Africa participated in the first-ever Chamberthon in Kigali, Rwanda, where participants collaborated and developed a framework for Dubai Chamber of Commerce and Industry’s Global Business Forum Mentorship programme, new cross-border mentorship programme. Organised by Dubai Chamber, the Chamberthon was held during the Africa Tech Summit 2019. A total of …

DUBAI: Careem has launched Careem REWARDS – one of the biggest rewards programme in the region with over 33 million users. The rewards programme is already active on all 33 million Careem users’ apps and gives points on all rides paid by cash, card, or invoice – in any country in which they are riding with Careem. Mudassir Sheikha, Careem’s …

DUBAI: Emirates NBD has tied up with noqodi, a leading payment gateway and financial service provider in the UAE, engineered by emaratech, to enable businesses to make electronic payments for a range of government services. Through the new partnership, Emirates NBD’s corporate clients can benefit from noqodi’s wallet top-up and eVoucher payment services through the bank’s smartBUSINESS platform and seamlessly …

DUBAI: The National Program for Small and Medium Sized Enterprises and Projects of the Ministry of Economy, held a press conference for the launch of AIM Starup 2019 with the theme “Harnessing Global Digitization to Empower Startups and SMEs” which will be held on 8-10 April 2019 at the Dubai World Trade Centre. The speakers shed light on the plans …