DUBAI: Increasing cooperation between the UAE and India on food security and the UAE-India Food Corridor are two major factors expected to expand bilateral trade and investment in the future, said industry experts speaking at the India-UAE Food Dialogue. The virtual event, recently co-organised by Dubai Chamber of Commerce and Industry’s Mumbai office and Confederation of Indian Industry (CII) on …

News Desk DUBAI: The Islamic Development Bank (IsDB) President Dr. Bandar Hajjar and M. Sunil Kaushal, CEO for Africa and Middle East, Standard Chartered Bank (SCB), signed a Memorandum of Agreement to participate in IsDB’s Restore Track Programaimed to supporting IsDB’s member countries’ private sector through stimulus packages to the economic sectors most impacted by the Covid-19 pandemic. This agreement …

The Board of Directors of Indus Motor Company (IMC) released its financial results for the first quarter ended September 30, 2020. The Company’s combined sales of Complete Knocked Down (CKD) and Complete Built-up (CBU) units for the quarter increased by 73% to 11,809 units against 6,839 units sold in the same period last year. The market share of IMC in …

The Consulate General of the Republic of Indonesia visited Larkana on 16 – 17 October 2020 to promote and enhance cooperation for trade and people-to-people contact. During the meeting with Commissioner Larkana Division, Indonesian Consul General had the opportunity to discuss plans to maintain the Sukarno Tower as Indonesian heritage building, located in the middle of the city. The meeting …

The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the third quarter results for the company on 28th October. The company posted an after tax profit of PKR 1,812 million compared to the profit of PKR 570 million made in the same period last year. Overall, the financials still present a challenging situation, driven primarily by the unprecedented coronavirus pandemic and …

By Kamran Hashim / Rafiq Vayani KARACHI: Third get-together of MKP Group was held yesterday evening i.e. 27th October 2020 at Al-Bustan Restaurant, Mövenpick Hotel Karachi. Like previous get-togethers, this one also turned out to be a huge success and almost all members made sure to attend and many had guests with them. This third get-together of MKP Group was …

News Desk DUBAI: flydubai, the Dubai-based airline, continues to provide passengers with more opportunities to travel by introducing additional frequencies and adjusted flight times to improve connectivity across its network. The carrier has been steadily increasing its operations since July and now serves 44 destinations across Africa, Europe, Central Asia, the GCC and Middle East, and the Indian Subcontinent. flydubai’s …

Sport Desk DUBAI: With the Dubai Fitness Challenge just around the corner, the Emirates Group will be kicking off activities to deliver the benefits of virtual fitness to employees. Across the Group, numerous virtual fitness and wellness sessions will be run during the 30-day citywide initiative to make Dubai the most active city in the world. Customised virtual workouts, running free of charge, such as …

World Spa Awards – the global initiative to recognize and reward excellence in the spa and wellness sector – has announced the winners of its 2020 programme. Brands to lift top honours include Gstaad Palace, Switzerland (‘World’s Best Hotel Spa’), Lanserhof Tegernsee, Germany (‘World’s Best Medical Spa’) and doTERRA (‘World’s Best Aromatherapy Brand’), whilst the minimal opulence of Utah’s Amangiri led …

On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.13 billion of which PKR 0.78 billion is attributable to non-controlling interests for the first quarter ended September 30, 2020. This translates into earnings per share (EPS) of PKR 13.45 / share as compared to PKR 3.93 / share reported during the same period last year. …