News Desk ABU DHABI: e& Group has expressed its disappointment with the Court of Appeal of Casablanca’s decision on 3 July 2024, which rejected the appeal filed by Maroc Telecom “MT”, a subsidiary of e&. This decision upholds the Commercial Court of Rabat’s ruling from 29 January 2024, mandating MT to pay 6.368 billion Moroccan dirhams (approximately USD 645 million) …

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) with Meezan Bank hosted a significant public hearing session on the draft Shariah Standard on Sukuk. The event took place at the Movenpick Hotel in Karachi and brought together prominent figures from the Islamic finance industry, regulatory bodies, notable Shariah Scholars, Shariah Board members from various Islamic Financial Institutions,  academia …

DUBAI: A Lebanese national and a Pakistani national have been announced as the new dollar millionaires at the latest Dubai Duty Free Millennium Millionaire and Finest Surprise draw, held today at Concourse A of Dubai International Airport. Mr. Makram Fata, a 48-year-old Lebanese national based in Riyadh, Saudi Arabia became a US$1 million winner in Millennium Millionaire Series 466 with …

By Rafiq Vayani DUBAI: Mondelēz International, Inc. (Nasdaq: MDLZ) announced the appointment of Ihab Rafik Amin as President to its Middle East, North Africa and Pakistan (MENAP) Businss Unit. Ihab Rafik Amin joins MDLZ from Procter & Gamble (P&G), where he spent over 30 years in both P&G and Gillette, having held leadership and executive roles across USA, Europe, Asia, …

ISLAMABAD: The Mastercard Strive Women program in Pakistan welcomes a new partnership with the Bank of Punjab (BOP), jointly aiming to improve formal financial access for women-led micro and small entrepreneurs in Pakistan. Strive Women, supported by the Mastercard Center for Inclusive Growth and implemented by CARE, bolsters women entrepreneurs in Pakistan, Peru, and Vietnam, and aims to strengthen their …

KARACHI: July 10, 2024: SI Global Solutions announced the beginning of a groundbreaking 10-year partnership with Dell Technologies at the event held in Karachi, solidifying SI Global Solutions as an official distributor and channel partner for Dell branded hardware in Pakistan. This collaboration marks a significant milestone in the technology landscape of the region, promising to bring cutting-edge Dell hardware …

DUBAI: Yango Group, a global tech company that creates daily services, launched a new public transport service feature within its Yango app, aimed at redefining urban mobility in Dubai. This addition provides users with comprehensive transport options by integrating public transit information with Yango’s existing services, including ride-hailing, rentals, and delivery in the city. The new public transport section on …

Muhammad Noman Saigal Former Minister Health , IT , Environment and Alternative Energy as well as the Convener of the Horticultural Standing Committee FPCCI met the Chinese Consul General at the Chinese Consulate in Clifton Karachi. Development in bilateral relations of both countries were discussed. New projects of telecommunication were discussed included joint venture of various cellular mobile phone projects …

JEDDHA/DUBAI: Emirates has today officially opened the doors to its first ever lounge in the region at King Abdulaziz International Airport in Jeddah, Saudi Arabia. The airline’s newest dedicated lounge will accommodate customers flying on its triple daily A380 services. The AED 20 million (USD$5.4 million) investment, 900-square-metre lounge located in the airport’s newest Terminal 1 will cater to the …

GETAFE, Spain: The Kingdom of Saudi Arabia has ordered four additional Airbus A330 Multi Role Tanker Transport (MRTT) aircraft for the Royal Saudi Arabia Air Force (RSAF). The first of these aircraft will enter into conversion at the beginning of 2026; they will enter into service and join the RSAF in 2027 to carry out air-to-air refuelling and transport missions. …