RIYADH: EXEED’s decision to open its largest global facility in Riyadh was not incidental. The 5,000-square-meter flagship reflects a calculated read of where the Saudi automotive market is heading and what it will take to compete in it seriously. Saudi Arabia’s automotive market reached 857,247 units in 2025, up 3.6% year-on-year, and is valued at USD 47.46 billion, the strongest …

By Rafiq Vayani DUBAI: HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), met Sir John Rose, deputy chairman of Rothschild & Co. Sir John was accompanied by Saeed Al Awar, partner and head of Rothschild Middle East. The meeting was attended by senior DEWA officials, including Waleed bin Salman, Executive Vice President of Business Development & …

News Desk DUBAI: Türkiye’s Minister of Culture and Tourism, Mehmet Nuri Ersoy, held a press conference in Istanbul where he announced the country’s tourism statistics for the first three months of 2026. Türkiye experienced a 4.2% rise in international visitors, totalling 9.2 million. The country also reported an impressive USD 9.896 billion in tourism revenue for the first quarter, which is again a 4.2% increase compared to the …

KARACHI: The Modern Hospital (TMH), in collaboration with The Muslim Medical Mission (MMM) Network, successfully convened the 16th Annual National Medical Conference today at the Karachi Marriott Hotel. Themed “Shaping the Future of Medical Ethics,” this landmark event brought together a premier assembly of clinicians, academicians, and policymakers to address the critical intersection of healthcare, Artificial Intelligence (AI), and Islamic …

Rolls-Royce (LSE: RR., ADR: RYCEY) has been selected by LATAM Airlines to power three Boeing B787 Dreamliners with Trent 1000 XE engines. The latest Trent 1000 XE engine order from LATAM Airlines underscores growing global confidence in the ongoing improvements in widebody propulsion, an area of increasing importance for Middle East carriers as they expand long-haul networks. The Trent 1000 XE engines feature several upgrades …

By Rafiq Vayani DUBAI: Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, recently hosted the second quarterly meeting of Business Groups and Business Councils for 2026 with the participation of 64 business groups and councils. The meeting highlighted efforts and strategies to support the resilience of Dubai’s private sector and enhance the competitiveness of …

Web Desk KARACHI: Pakistan Telecommunication Company Limited (PTCL) notes recent media reports regarding a potential change in the investment position of e& (formerly Etisalat) in Pakistan. The company would like to reject the baseless and speculative reports and is not aware of the sources referenced in these reports. As a publicly listed entity, PTCL emphasizes the importance of accurate and …

By Rafiq Vayani MILAN, Italy: Tara Uzra Dawood, president of the Dawood Global Foundation and founder of LADIESFUND, recently visited Milan to engage with Pakistan’s diplomatic leadership and diaspora community as part of efforts to expand support for women entrepreneurs abroad. During her visit, she met Consul General Murad Baseer to discuss ways to connect with Pakistani women in Milan …

By Rafiq Vayani KARACHI: Mr. Hamid Zahur, Chairman PTA – Central, and Dr. Danish Aman, Chairman PTA (S.Z), hosted a Hi-Tea in honor of H.E. Mr. Alisher Tukhtaev, Ambassador of Uzbekistan to Pakistan, and H.E. Mr. Normat Tulkunovich, Governor of Navoiy Region, Uzbekistan on Thursday, 30 April, 2026 at the PTA (S.Z) Office. The meeting primarily focused on enhancing bilateral …

By Rafiq Vayani DUBAI: UAE based fintech company VaultsPay has entered into a strategic collaboration with Mastercard. The two organizations formalized their agreement marking a milestone intended to enhance digital payment capabilities and support financial inclusion across the UAE. Through this collaboration, VaultsPay will leverage Mastercard’s global network and technology to issue virtual and physical payment cards, further expanding its comprehensive portfolio …