State Bank of Pakistan (SBP) has suspended, with immediate effect, the authorization of the following Exchange Companies –B Category till further orders due to serious violations of the State Bank’s regulations and instructions: M/s International Exchange Company –B (Pvt) Limited M/s World Wide Exchange Company –B (Pvt) Limited M/s World Exchange Company –B (Pvt) Limited M/s Universal Exchange Company –B …

By Muhammad Rafiq RIYADH: In a signing ceremony that took place today, the King Abdullah Financial District Management and Development Company (KAFD DMC) announced its strategic partnership with the Future Investment Initiative (FII) Institute. This groundbreaking collaboration solidifies their commitment to driving transformative change, bolstering economic resilience, and harnessing innovation to address society’s challenges. As a cornerstone of Riyadh’s economic ambitions, …

Dubai has painted a new picture of how humans and generative AI might interact in the future, offering a glimpse into the seemingly limitless creative potential of generative AI. During a series of exhibitions and innovations showcased at the Dubai Assembly for Generative AI, the Dubai Future Foundation (DFF) brought artists and technologists together to display groundbreaking pieces of artwork, …

By Rafiq Vayani DUBAI: World’s renowned cables manufacturer Premier Cables (Pvt) Limited thrilled to announce our continued participation in the esteemed GITEX Technology Week at the Dubai World Trade Centre. This marks our 15th consecutive year of involvement in this event, which is scheduled to take place from October 16th to October 20th, 2023 at stand # CC1-60/13, Concourse 1 (Pakistan Pavilion). …

News Desk DUBAI: An Indian software engineer has been added to the ever-growing list of Indian winners of US$1 million when the draw for the latest Dubai Duty Free Millennium Millionaire promotion was held today at Concourse B of Dubai International Airport. Mr. Karnaiah Mandolla, a 45-year-old Indian national based in Sharjah, won US$ 1 million in Millennium Millionaire Series …

By Rafiq Vayani DUBAI: Emirates Premium Economy and Economy Class customers on long haul flights globally will be treated to new complimentary amenity kits, now onboard. The amenity kits have been designed in partnership with United for Wildlife, to highlight eight of the most endangered species on the planet. Preserving wildlife and habitats is a core pillar of the Emirates Environmental Sustainability …

DUBAI: There is a growing trend among startups to have a presence in the world’s strongest economies such as the UAE, UK and Canada. The key drivers are high ROI, expansion, diversification and the alternative lifestyle. However, the challenges the newcomers face are understanding the complexities of local laws and regulations, the business setup process, the tax regime, and the working culture. …

KARACHI/DUBAI: In an exciting development for the capital markets and the economy as a whole, Pakistan Stock Exchange announces the much awaited awardees list of the Top 25 Companies Awards recipients for the year 2022. These are the most prestigious and coveted awards in the corporate sector and were initiated by the Exchange in the year 1978.  The selected companies …

Sport Desk DUBAI: Emirates, a prominent and passionate supporter of rugby in the UAE, has renewed its longstanding sponsorship of Dubai Hurricanes as part of its commitment to growing the sport and connecting young people to the game in local communities. Over the years, Emirates has played a pivotal role in elevating the profile of rugby in the UAE and …

Dubai will unleash a new era of global AI dominance next week, as the UAE hosts the world’s largest tech and start-up show, converging the best minds, future-focused governments, and most advanced companies to redraw the boundaries of the AI economy and shape the future of the globe’s next big technology shift. For the first time, GITEX GLOBAL – independently rated globally …