By Rafiq Vayani DUBAI: After serving as a floating hotel during the 2022 FIFA World Cup, the MSC World Europa, a futuristic, lower-carbon-fuelled cruise ship made its first call at Mina Rashid on the 21st of December 2022. The vessel began its new winter season with a 4-night sail from Doha to Dubai, reinforcing Mina Rashid and the Emirate’s position as the …

News Desk ABU DHABI: Etihad Airways, the national carrier of the UAE, has celebrated the milestone of carrying 10 million passengers in 2022. The 10 millionth passenger and their family were surprised onboard flight EY205 from Mumbai to Abu Dhabi with a cake, complimentary roundtrip tickets, as well as Gold tier membership on Etihad Guest, aircraft models and a polaroid …

 Emirates International Investment Company (EIIC), the strategic investment arm of National Holding, has signed a partnership agreement with Mahaseel, the first regional B2B fresh produce digital platform, to accelerate the deployment of Mahaseel Masr agri e-commerce platform. The agreement will enable Mahaseel to retain the necessary mid-term investment capacity to capitalize on its expertise and successful experience in Egypt to …

Globe Residency REIT (GRR) was listed at the Pakistan Stock Exchange today by Arif Habib Dolmen REIT Management Limited at a Gong Ceremony, making it Pakistan’s first listed Developmental Real Estate Investment Trust (REIT). Minister for Finance, Senator Ishaq Dar was the Chief Guest on the occasion. Arif Habib, Chairman, Arif Habib Dolmen REIT Management and Javedan Corporation, presented the welcome address. He said, “The …

Institute of Business Management (IoBM) and BankIslami Pakistan Limited signed an MoU on Wednesday, December 28, 2022. According to the MoU, BankIslami will serve as a knowledge partner to facilitate the operations of the Center for Islamic Business and Finance at IoBM. BankIslami will develop marketing content, provide scholarships, facilitate academic research and organize guest speaker sessions at IoBM. The signatories …

News Desk DUBAI: UAE headquartered upscale real estate developer, Seven Tides, has confirmed that the Emirates’ first NH Collection hotel will open its doors to the public in February 2023. NH Collection Dubai The Palm is a 533-key property located on Seven Tides’ Seven Palm development – a two-tower complex that overlooks the lagoon of Dubai’s world-famous Palm Jumeirah. Operated …

Manafa, the leading debt and Investment company, announced the closing of its Series A round of SAR 106 million (US$28 million) led by STV and Wa’ed Ventures, the venture capital arm of Saudi Aramco. The company was founded in 2018 by Abdulaziz Al-Adwani to provide financial products tailored to fulfil the needs of SMEs in various sectors by offering debt …

Visa (NYSE: V), the world’s leader in digital payments, has signed a Memorandum of Understanding (MoU) with Khazana Enterprise, a cloud-native technology provider for Government of Pakistan, in a strategic step towards driving digital transformation across the government sector in support of Pakistan’s cashless future agenda. The MoU included a number of offerings including best practices between Visa and Khazana, …

Muhammad Arif Balgamwala (Tamgha-e-Imtiaz), a well-known businessman, former MC member, former Chairman Diplomatic Sub-Committee KCCI, former Chairman Pakistan Chemicals & Dyes Merchants Association PCDMA, has been honored the first Pakistani to present his collection at the international Stamp exhibition “Monaco Phil 2022”. This was the first time in the last 25 years’ history that Pakistan has been invited to participate in Monaco …

RIYADH/DUBAI: Insurance companies in Saudi Arabia continued their topline growth momentum in 2022 with aggregate gross written premiums (GWPs) standing at SAR 39.28 billion (USD 10.45 billion), rising 26.8% year-on-year in Q3 2022, KPMG in Saudi Arabia said in its latest “Insurance Pulse.” Most categories reported growth, with motor and medical segments topping the list with the biggest contributions of …