In a groundbreaking move, the Overseas Investors Chamber of Commerce & Industry (OICCI) has partnered with the United Nations Development Programme (UNDP) Pakistan to advance the vision of a more sustainable and inclusive Pakistan. This alliance is set to spearhead a series of initiatives focusing on gender equality, diversity, inclusion, and social impact investments, reflecting both organizations’ commitment to the …

By Muhammad Rafiq DUBAI: Dubai Investments, the leading diversified investment company listed on the Dubai Financial Market (DFM), announced net profit after tax attributable to shareholders of AED 289.24 million for the three-month period ended 30 June 2024, compared to AED 266.03 million during the corresponding period in previous year. Further, the Group reported a net profit after tax attributable …

KARACHI: Prime Minister Muhammad Shehbaz Sharif inaugurates the 2nd International Food & Agriculture Exhibition, today in Karachi. During the visit, the Prime Minister engaged with the Imtiaz Enterprises stand’s representatives, discussing the unique qualities of the produce on display, which included organic apples, exotic mangos. The PM praised the dedication of local farmers in maintaining high standards and their contribution …

ABU DHABI: Etihad Airways announced its H1 2024 results, recording a 48 per cent increase in profit after tax achieving AED 851 million (U.S.$232 million), a significant increase from AED 575 million (U.S.$ 157 million) in H1 2023, highlighting the airline’s continued focus on growth coupled with optimising operational efficiencies. Total revenue increased 21 per cent to AED 11.7 billion …

Pakistan Stock Exchange (PSX) held a gong ceremony to mark the listing of Big Bird Foods Limited (BBFL). Big Bird Foods was established in September 2011 as a poultry processing unit to provide quality chicken products in national and international markets. Present at the gong ceremony were Dr. Mohammad Mustafa Kamal, CEO, Big Bird Foods Limited; Mr. Mahmood Ali Shah …

News Desk DUBAI: Union Coop has announced its financial results for the first half of 2024, demonstrating a 5% increase in semi-annual revenues compared to the previous year. The cooperative achieved a 32.3% growth in net profits and expanded profit margins across its various sectors. The cooperative’s Board of Directors has released the semi-annual results following strong performance in both …

DUBAI: Andromeda Sales & Distribution, India’s premier loan distribution network, is pleased to announce its strategic expansion into the Middle East, a move fuelled by its exceptional domestic performance. The company recorded over 23% growth in loan disbursals, reaching $9,048 million (Rs. 75,397 crore) during the Financial Year 2023-24. This notable growth was primarily driven by the home loan segment, …

News Desk DAMAC Capital, the investment arm of the globally renowned DAMAC Group, has announced strong ROI its strategic investments in SpaceX and Stripe. The investments underscore DAMAC Capital’s continued commitment to pioneering advancements in technology and innovation at a global scale, propelling its portfolio into sectors with significant growth potential. DAMAC has been active in the space tech industry …

Visa, a world leader in digital payments, has launched a new global campaign,  “Prodigies,” which showcases the inspiring stories of individuals who have overcome challenges and pursued their passions with determination and creativity. The campaign serves as a tribute to the power of small steps taken by people who follow their dreams and achieve their goals. Hasan Raheem, a gifted young artist …

Web Desk KARACHI: The Consulate General of Sri Lanka in Karachi, in collaboration with the Department of Commerce in Sri Lanka, hosted Sri Lanka’s participation at the 19th My Karachi – Oasis of Harmony Exhibition, held from August 2nd to 4th at the Karachi Expo Center. Sri Lankan exporters, including Maliban Biscuits, TeaTalk, Orange Electrics and Sri Lankan Airlines joined …