DUBAI: Dubai Duty Free has announced a 10% increase in sales for the first half of the year with turnover reaching Dhs3.671 billion (US$1 billion) and placing the operation well on track to reach Dhs7.400 billion (US$2 billion) by year-end. Liquor, Perfumes and Tobacco retained the top three category positions with Liquor showing a 7% increase year to date (YTD) …

KARACHI: Shaheen Air International (SAI) began its annual Hajj schedule for the year 2018. The first flight NL 705 departed from Karachi to Madinah carrying 309 Hujjaj while additional flights for pilgrims will operate from other cities of the country including Lahore, Islamabad and Peshawar. The airline in its eighth consecutive Hajj operation will use A320 and A330 wide body …

KARACHI: Telenor Velocity’s ‘DuckStories’ reached Karachi this Friday which brought together acclaimed innovators, industry experts, mentors, Telenor senior management and startups in large numbers to celebrate and learn from their failures. DuckStories is a series of regular events where accomplished entrepreneurs and professionals share their career mistakes and failures with the audience. They share the instances of their lives where …

DUBAI: Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE by assets, posted group net profit of Dh2.44 billion in the first-half of 2018 compared with Dh2.14 billion for the same period in 2017, up 14 percent. Net revenue for the period ending June 30, 2018 amounted to Dh4.036 billion, an increase of 10 per cent compared with …

ADDIS ABABA: Ethiopian Airlines, the largest Aviation Group in Africa and SKYTRAX certified Four Star Global Airline, is pleased to announce that it has won SKYTRAX World Airline Award for the Best Airline in Africa for second successive year. Skytrax is the most respected global air transport rating organization that conducts the world’s largest annual airline passenger satisfaction survey where …

KARACHI: The Pakistan Civil Aviation Authority (PCAA)has stopped Shaheen Air flights NL768/NL892 operating from Lahore to Muscat (LHE-MCT) & Lahore to Canton (LHE-CAN) despite of court orders being issued to CAA over resumption of all SAI operations. It is pertinent to mention that Sindh High Court had earlier suspended the operation of letter of 13 July 2018in which CAA had …

RAS AL KHAIMAH: RAKBANK partners with INPAY – a European Fintech remittance service provider – to offer customers the lowest remittance fees in the market when transferring Euros to 25* European nations a charge of 25 UAE dirhams per transfer through RAK Money Transfer. Likewise, it allows customers to send money via the digital banking platform and from any one …

  DUBAI: Albert Einstein once said, ‘In the middle of every difficulty lies opportunity’. Jaufre Rouanet, previously a CFO of a mid-sized oil and gas company couldn’t have agreed more. In 2016, he found himself in the middle of a major financial crisis. Plummeting oil prices due to global oversupply, hit his company and many others like it, hard.His final …

By Rafiq Vayani DUBAI: marhaba, one of the world’s fastest growing passenger services providers, yesterday celebrated its one millionth Dubai customer in 2018. The milestone customer was gifted a special pass valid for unlimited entries to all six marhaba lounges in the UAE for one year.  Marking the remarkable milestone, marhaba offers 25% discount on all meet and greet service …

KARACHI: Pakistan Telecommunication Company Limited (PTCL), country’s leading telecom and ICT services provider, has announced its financial results for the half year ended June 30, 2018, and an interim dividend of Re. 1 per share at its Board of Directors meeting held in Islamabad, on July 18, 2018. PTCL Group’s revenue for the 1st half of 2018 has grown YoY by 4% to …