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Business & Finance

Jazz, KPITB and World Bank to further digitalization in Khyber Pakhtunkhwa

By editor
July 30, 2018 UTC
in :  Business & Finance

ISLAMABAD: Jazz has embarked on a journey to further digitalize Khyber Pakhtunkhwa (KP) in partnership with Khyber Pakhtunkhwa Information Technology Board (KPITB) and the World Bank. This will see the mobile operator invest resources in the province’s ‘Durshal’ program and empowerment of youth through employable digital skills under the KPITB ‘Youth Employment Program’. As per agreement amongst the three entities, …

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Emirates SkyCargo partners with Gargash to transport Alfa Romeos for celebrity motor rally

By editor
July 30, 2018 UTC
in :  Business & Finance, Sport, Travel, World

By Rafiq Vayani DUBAI: Emirates SkyCargo, the freight division of Emirates, and Gargash, one of the largest distributors of premium and luxury cars in the UAE, have partnered to transport two Alfa Romeos from Dubai to London for the prestigious Gumball 3000 motor rally. The two cars, an Alfa Romeo Stelvio Quadrifoglio and an Alfa Romeo Giulia Quadrifoglio were transported …

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Exports of basmati rice witnessed 19.14 percent growth

By editor
July 30, 2018 UTC
in :  Business & Finance

ISLAMABAD: According to the latest data of Pakistan Bureau of Statistics, the exports of basmati rice has witnessed 19.14 percent growth. Latest figures depicts that about  520,759 metric tons of basmati rice worth 540.231 million US dollars were exported during the Period from July-June, 2017-18 as against the exports of 496,263 metric tons valuing 453.441 million US dollars of Corresponding period of …

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Emaar Malls records 8% growth in net profit to AED 1.102 billion (US$ 300 million) in half-year 2018

By editor
July 29, 2018 UTC
in :  Business & Finance

DUBAI: Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties PJSC (DFM: EMAAR), has recorded a growth of 8 per cent in its net profit for the first half (January to June) 2018 to AED 1.102 billion (US$ 300 million) compared to the H1 2017 net profit of AED 1.021 billion (US$ 278 million). Revenue for …

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Dubai SME welcomes incubator designed to support entrepreneurs and startups

By editor
July 29, 2018 UTC
in :  Business & Finance

By Rafiq Vayani DUBAI: Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, marked the opening of ‘The Co-working Popup,’ the latest business incubator to come on stream in the emirate following the introduction of the new regulations for ‘Incubators and Business Accelerators earlier this year. …

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Cisco and Google Cloud embark on a journey to streamline work for 150M+ people

By editor
July 29, 2018 UTC
in :  Business & Finance

DUBAI: Life just got a whole lot easier for the millions of people who use the industry – leading apps and services delivered by Cisco Collaboration and Google Cloud. As part of our deepening alliance, Cisco is announcing its first wave of collaboration integrations with Google products. This goes far beyond merely making sure our calling, email, document collaboration, and …

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DMCA to showcase Dubai’s global maritime achievements at upcoming SMM Hamburg Exhibition 2018

By editor
July 28, 2018 UTC
in :  Business & Finance

DUBAI: The Dubai Maritime City Authority (DMCA) has announced that it will participate in the 2018 edition of the Shipbuilding, Machinery and Marine Technology (SMM) Hamburg Exhibition in Germany alongside the Dubai Chamber in September. The largest technology and marine equipment exhibition will be held from September 4 to 7, 2018,in Hamburg, a major port city in northern Germany. The …

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Mi Capital opens doors to India’s US$88.23 bn affordable housing market for GCC investors

By editor
July 27, 2018 UTC
in :  Business & Finance

ABU DHABI: Gulf investors will now be able to tap the US$88.23 billion (INR6 trillion) affordable housing market following a tie-up between Mi Capital, a Dubai-based financial institution dealing in corporate finance, capital restructuring, mergers and acquisitions, and Life Insurance Corporation Housing Finance Ltd. Asset Management Company (LICHFLAMC). LICHFLAMC is a subsidiary of LIC – India’s largest insurer and financial …

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Ethiopian & DHL Global Forwarding partner to build the leading cargo logistics provider JV company in Africa

By editor
July 26, 2018 UTC
in :  Business & Finance, Travel, World

ADDIS ABABA: DHL Global Forwarding, the leading international provider of air, sea and road freight services, and Ethiopian Airlines, the largest aviation group in Africa, today signed a new agreement to form a joint venture company – DHL-Ethiopian Airlines Logistics Services Ltd., to build the Leading Cargo Logistics provider JV company in Africa; the company will be based in Ethiopia …

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Henkel opens first Beauty Care Lab in the Middle East

By editor
July 26, 2018 UTC
in :  Business & Finance, Lifestyle

DUBAI: Henkel has officially inaugurated its first Beauty Care laboratory in the Middle East. As a further milestone of Henkel’s continuous investment in the region, the new facility provides state-of-the-art technology to innovate and test Beauty Care products tailored specifically for the consumers in the Middle East. The new Beauty Care laboratory is the second Henkel lab in Dubai, with …

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