RIGA: After performing duties as Deputy Chairman and member of the Supervisory Board of airBaltic for three full terms, Kaspars Briškens as of April 25 will leave the position to focus on other professional challenges. Niks Bulmanis, Chairman of the Supervisory Board of airBaltic: “During the previous eight years, Kaspars Briškens played an instrumental role in ensuring the restructuring of the company, and preparing …

LONDON: British Airways is increasing the number of cargo-only flights from China to the UK to 21 a week, up from 13 last week, as demand continues to rise. From May, 14 flights each week will depart from Shanghai, and seven from Beijing carrying cargo in the hold and, where possible, in the cabin too.  These flights will be able …

By Rafiq Vayani KARACHI: Engro Foundation, the social investment arm of Engro Corporation, has signed a three-year Memorandum of Cooperation with the Bill & Melinda Gates Foundation to promote the well-being of vulnerable and marginalized segments of the society in Pakistan. Under the cooperation agreement, the organizations will also explore opportunities to support the Government of Pakistan’s poverty alleviation program for …

KARACHI: doctHERs, a digital health platform has partnered with the Ministry of Health Services Regulations and Coordination and has launched a digital telemedicine matchmaking platform “Yaran-e-Watan”, linking healthcare professionals in the Pakistani diaspora with telemedicine providers to provide free of cost consultations to the Pakistani public during the COVID-19 pandemic. Foreign doctors can now register themselves to volunteer their services at the …

News Desk DUBAI: In line with the directives from the Ministry of Health and the National Emergency Crisis and Disaster Management Authority (NCEMA), Jumeirah Group is re-opening three of its signature restaurants at Jumeirah Al Naseem and Jumeirah Mina A’Salam from today (Friday 24th April 2020).  KAYTO, Rockfish and Shimmers will all be operating in accordance with governmental guidelines to continually protect both …

AMSTELVEEN: Today, at the annual general meeting of shareholders of KLM Royal Dutch Airlines, Pieter Elbers, the airline’s president & CEO, informed shareholders that he will take a 20% salary cut for the remainder of the year. The corona crisis is having unprecedented impact on KLM. No one could ever have foreseen the current circumstances, with developments presenting themselves at …

RIGA, Latvia: On April 23, the Supervisory Board of the Latvian airline airBaltic approved the new business plan of the company presented by the management of airBaltic. The new business plan, Destination 2025 CLEAN, focuses on the impact of the Coronavirus crisis and adjustments that had to be made to the existing five-year strategy. Martin Gauss, CEO of airBaltic: “The new environment of the aviation industry …

News Desk KARACHI: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 4.65 billion after taking out PKR 1.03 billion attributable to non-controlling interests for the nine months ended March 31, 2020. This translates into earnings per share (EPS) of PKR 14.38 / share as compared to PKR 28.64 / share reported during the same period last …

ABU DHABI: Etihad Airways will operate additional special passenger flights from Abu Dhabi to several destinations on its global route network. The special schedule of flights gives foreign nationals in the UAE the opportunity to travel out of the country, and allow Etihad to carry essential belly-hold cargo such as perishables, pharmaceuticals, and medical supplies. Return flights are also repatriating …

KARACHI: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020. On March 11, 2020, the World Health Organization (WHO) declared COVID-19 a pandemic. The management has responded well during this time of crisis and has taken necessary steps to ensure long term sustainability of cash flows. In addition, a central COVID-19 Crisis …