LUDWIGSHAFEN: BASF and an affiliate of Lone Star, a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and debt-free basis is €3.17 billion. The transaction is expected to close in the third quarter of 2020, subject to the approval of the relevant competition authorities. “Our aim …

News Desk KARACHI: Bank Alfalah, one of Pakistan’s leading banks, organized first of its kind Supply Chain Finance round table conference, a platform for interactive discussion with corporate clients from across the industries. The round table conference brought together officials from IFC (World Bank Group), who are engaged with Bank Alfalah for establishment of Supply Chain Finance solutions and key decision …

KARACHI: Faysal Bank Limited and Central Depository Company of Pakistan Limited (CDC) have entered into an agreement for implementation of CDC’s Efficient Payment Mechanism (EPM) through Cash Management payment services of Faysal Bank. This agreement signing ceremony was recently held at the CDC House in the presence of senior management of both organizations.  Mr. Yousaf Hussain, President & CEO – …

ABU DHABI: Etisalat conducted a successful blood donation campaign across its offices across the UAE in collaboration with Sharjah Blood Transfusion and Research Centre and Abu Dhabi Blood Bank. Etisalat employees turned up in large numbers at Etisalat’s headquarters, offices and business centres in the UAE to donate blood and demonstrate their support for the cause with their selfless volunteering, in …

KARACHI: INJAZ Pakistan is organizing FLI Graduation Ceremony on Tuesday, 24th December 2019 at local hotel in Karachi. The stated vision for Financial Inclusion in Pakistan maintains that “Individuals and firms can access and use a range of quality payments, savings, credit and insurance services which meet their needs with dignity and fairness” However the level of financial inclusion in Pakistan is 10.3%, being …

KARACHI: Careem and National Highway and Motorway Police (NH&MP) partnered to conduct road safety training for Careem Captains across Pakistan. Senior officials from the road safety authority in collaboration with Careem Operation team conducted a series of training in respective cities where Careem operates in. The defensive drivers’ training focused on spreading awareness about safe driving to avoid accidents, specially …

ABU DHABI: Etihad Airways has announced that it will launch new seasonal flights to Malaga in Spain, to meet strong customer demand from across the UAE and GCC for flights to the popular gateway to the province of Andalucía. Three weekly flights will operate via the Moroccan capital, Rabat, from26 June to 13 September 2020. Robin Kamark, Chief Commercial Officer, …

DUBAI: Emirates is pleased to announce its reaffirmed commitment to Emirates Team New Zealand through the renewal of their contract for the 36th America’s Cup. The award-winning airline will also be the ‘Official Airline’ partner of the 36th America’s Cup presented by Prada which includes the America’s Cup World Series (ACWS), sponsoring all preliminary regattas leading up to the main event …

News Desk KARACHI: 10Pearls is thrilled to announce that our company has made the 2019 Inc. 5000 list. The most notable in a series of awards we’ve received this year, Inc. Magazine’s annual list is the most prestigious ranking of the nation’s fastest-growing private companies. “It’s fantastic to be included in this elite list of rapid-growth companies. Our growth has …

PUTRAJAYA: Tourism Malaysia has once again made headlines by winning the much coveted National Organisation of the Year at the 10th Indonesia Travel and Tourism (ITTA) Awards 2019/20 held on 17 December 2019 at the Kasablanka Hall in Jakarta, Indonesia. The award was presented to the Director General of Tourism Malaysia, Datuk Musa Yusof before some 1,000 captains of the Indonesian …