News Desk KARACHI: Mr. Haroon Rashid, CEO Shell Pakistan Limited, has been elected as the President of the Overseas Investors Chamber of Commerce & Industry (OICCI) with effect from July 1, 2020. His appointment came following a successful tenure of Mr Shazad Dada, who resigned as the President of OICCI after resigning from Standard Chartered Bank and taking over as President …

KARACHI: Indus Motor Company (IMC), manufacturers of Toyota vehicles in Pakistan, has released a Corporate Philanthropy of Rs. 10 Million to Indus Hospital to help them become more effective in providing quality treatment to the underprivileged and downtrodden community, particularly during the unprecedented COVID-19 crisis. A cheque was handed over by CEO IMC, Ali Asghar Jamali to CEO Indus Hospital, …

News Desk ABU DHABI: Etihad Airways, the national airline of the UAE, in cooperation with the UAE Ministry of Foreign Affairs and International Cooperation, has transported humanitarian aid from the government of the United Arab Emirates to 54 destinations. To date, the United Arab Emirates has assisted more than 1 million medical workers worldwide by supplying more than 1,000 tonnes …

News Desk DUBAI: Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has announced the successful conclusion of the Market Access programme’s second cohort, which saw several high-potential startups joining forces with leading UAE corporates at a recent business pitching and matchmaking event. The virtual event, held  on June 17th, 18th and 22nd, saw Market Access corporate members Emirates …

MANAMA: Gulf Air, the national carrier of the Kingdom of Bahrain, will resume its direct Athens and Cairo flights with scheduled operations starting from 01 July 2020. Gulf Air has been operating direct flights between the Kingdom of Bahrain and the Arab Republic of Egypt and the Hellenic Republic since 1974 and 1980 respectively. Both destinations are key within the Gulf …

News Desk DHAKA/DUBAI: IOC Middle East FZE, Dubai, a wholly-owned subsidiary of Indian Oil Corporation, India’s largest refiner and marketer of petroleum products, and RR Holdings Ltd., Ras Al Khaimah, UAE, the holding company of Beximco LPG of Bangladesh, today signed an agreement for the formation of a 50:50 Joint Venture Company (JVC) for LPG business in Bangladesh. Mr. Dharmedra Pradhan, Hon’ble …

ABU DHABI: Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the world’s first graduate-level, research-based artificial intelligence (AI) university, and Virgin Hyperloop, the California-based category leader in hyperloop development, have signed a Memorandum of Understanding (MoU) to initiate a collaborative approach to research and innovation in the field of AI. In a virtual ceremony, the MoU was signed by His …

News Desk KARACHI: K-Electric has moved the Sindh High Court to expedite proceedings in a Constitutional Petition filed in October last year, in which K-Electric had initiated legal proceedings against the unauthorized use of electricity infrastructure by cable TV and Internet providers. The petition was filed as part of the power utility’s continuing campaign to rid the city’s power infrastructure …

ISLAMABAD: In continuation to its commitment to stand by the citizens of Pakistan during COVID-19 pandemic, Pakistan’s leading telecommunication network, Zong 4G has partnered with Virtual University (VU) of Pakistan to support 80,000 students with seamless connectivity for e-learning. The objective of the new collaboration between Zong 4G and VU is to transform the current education network in Pakistan and to …

KARACHI: Standard Chartered Pakistan has today announced further details on how the Bank is providing short-term relief to communities who have been impacted through COVID-19. The Bank is providing PKR19.7Mn to support communities in need. The Bank will be enabling the set-up of modular HDU units and free testing as well as providing rations to underserved communities and PPEs to our doctors and …