BIZ TODAY REPORT KARACHI: The 16th Council of the Institute of Chartered Accountants of Pakistan (ICAP) in its first meeting held on October 27, 2017 elected Office Bearers for the year 2017-18. The Council unanimously elected Mr. Riaz A. Rehman Chamdia as President of the Institute, Mr. Farrukh Rehman as Vice President-South and Mr. Jafar Husain as Vice President-North. Mr. Riaz …

ADDIS ABABA: Ethiopian Airlines and Boeing [NYSE: BA] celebrated the delivery of the carrier’s first Boeing 787-9. Ethiopian is leasing the Dreamliner through an agreement with AerCap. Ethiopian’s newest 787 touched down in Addis Ababa following a non-stop 8,354 mile (13,444 km) delivery flight from Boeing’s Everett, Wash., facility. Ethiopian becomes the first carrier in Africa to operate the 787-9 …

By Rafiq Vayani KARACHI: Marks a significant development in the ACCA Qualification as ACCA held the launch event at Avari Tower for their Ethics and Professional Module in Pakistan. The event featured a panel discussion on ACCA’s report, ‘Ethics and trust in a digital age.’ The panellists included;  Helen Brand OBE – Chief Executive,  ACCA, Dr. Farrukh Iqbal – Dean …

DUBAI: ibis Styles Dubai Jumeira announces the promotion of Muhammad Mujtaba Haider from hotel manager to general manager. In his role, he will continue to lead the daily operations of the 191-key property to guarantee excellent guest experience, and head the sales and marketing, and food & beverage strategies to ensure healthy occupancy and profitability. Haider has over 15 years …

By Yousra Rehan KARACHI: Masarrat Misbah Makeup the first and only Halal certified makeup brand, participated in the Festival of Beauty at Dolmen Mall – Tariq Road. The Beauty Festival was recently held in Karachi. The event was a huge success and an amazing number of women of all ages lined up to get expert makeup advice from the MM makeup experts and availed the chance of beautifying themselves with …

MUSCAT: Oman Air Cargo, one of the most innovative and fast growing air cargo carriers, announced today that it has launched its new 100% Cloud-based Cargo ERP Solution, implemented by SmartKargo, the world’s most advanced cargo management platform for airlines, ground handlers, sales agents, and regulators. Oman Air chose the state-of-the-art solution to maximize the potential of its Cargo business—leveraging …

DUBAI: Foreign Direct Investment (FDI) from the UAE in to India is expected to jump manifold this year from US$675 million in 2016-17, with the latest US$1 billion investment by Abu Dhabi Investment Authority (ADIA), officials say. The UAE is the 10th largest FDI source market for India with cumulative FDI reaching US$4.76 billion in the last 17 years from April …

By Rafiq Vayani DUBAI: In the continued effort to achieve the vision of “UAE Centennial Plan 2071”, Emirates airline and a consortium of industry partners are announcing a partnership to build the world’s first sector-wide Experimental (X) Lab to co-create the next era of human transportation at Area 2071. The Aviation X-Lab is a historic effort to host airlines, manufacturers, ground …

KARACHI: Faysal Bank Limited (FBL) maintained profitability despite challenging business environment, low interest rates and below par stock exchange performance. FBL earned Pre-tax profit of Rs. 3.825 billion in first nine months as against Rs. 3.748 billion of corresponding year. Bank improved its margins by reducing cost of deposits and increasing its lending book. Recoveries of non-performing loans resulted in …

LONDON: Young flyers will take just 49 minutes and 47 seconds to ask the dreaded, ‘’are we nearly there yet?’’ so with parents battling the boredom threshold, Emirates has teamed up with Dr Sandi Mann, a psychologist and boredom specialist at the University of Central Lancashire to find a solution. Dr Mann has worked with the airline to create the …