Standard Chartered Bank Pakistan Limited (SCBPL) delivers record profit before tax of PKR 36.4 billion, registering an increase of 98 per cent year on year. Performance was driven by strong income growth, as well as continued cost and risk discipline. Overall revenue grew by 70 per cent to deliver a top-line of PKR 45.1 billion, with positive contributions from all …

The capital market entities, banks and State Bank of Pakistan (SBP) marked the launch of the Roshan Equity Investment (REI), a product offered to non-resident Pakistanis under the umbrella of Roshan Digital Account introduced by State Bank of Pakistan in 2020, by holding a gong ceremony. Roshan Equity Investment is an innovative product whereby non-resident Pakistanis can invest in Pakistan’s …

With celebrations underway in Cairo to mark 50 years of long-standing ties and a remarkable partnership between the UAE and Egypt, Emirates is highlighting its contributions to Egyptian tourism and trade flows, helping promote opportunities and foster deeper people to people connections throughout the airline’s 36 years of operations to the country.  Emirates has been operating to Egypt since its early …

Dubai World Trade Centre (DWTC) continues to build on this year’s events industry momentum as the final two months of the year bring a packed Q4 calendar to a close.    Upcoming legacy events are set to further boost the sector’s contribution to Dubai’s economy with the 2022 edition of GITEX Global having establishing a new benchmark for success. The 42nd …

The first Etihad Airways flight to use Sustainable Aviation Fuel (SAF) supplied by ITOCHU Corporation and NESTE took off from Tokyo Narita airport today. The pioneering flight, EY871 departed Tokyo Narita at 1500, was the result of a partnership in which ITOCHU provided Neste MY Sustainable Aviation Fuel to Etihad, the national airline of the United Arab Emirates, making Etihad …

Union Coop signed a Memorandum of Understanding with Smile Train Dubai intending to strengthen the partnership between the two parties through exchanging experiences and harnessing the capabilities available to them to make the best use of these capabilities by both corporates, and to mutually promote projects and initiatives and to work towards providing the services with high quality and effectiveness. The MoU was …

By Muhammad Rafiq DUBAI: With the GCC billed as one of Germany’s top overseas source markets, the German National Tourist Board is looking to drive awareness of the year-round tourism destination with a roadshow across major cities in the Gulf. Taking place between October 30 and November 3, the German National Tourist Board and 10 partners will visit Doha, Kuwait …

The global consumer electronics and whitegoods manufacturer, Hisense, has signed a collaborative partnership with worldwide popular Quick Service Restaurant, McDonald’s, to support the launch of its FIFA World Cup 2022TM campaign in the GCC. The campaign will run in 760 restaurants in the Kingdom of Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman. As GCC countries set to redefine expectations …

The national energy icon, Pakistan State Oil (PSO), convened its 46th Annual General Meeting for financial year 2021-22 on October 26, 2022 in Karachi. Chairman Board of Management, PSO, Mr. Zafar I. Usmani, chaired the meeting with Managing Director & CEO, PSO, Syed Taha. Other senior company officials were also present at the occasion. Shareholders were apprised about record breaking …

In a first for the region, Cashew, the innovative fintech leader providing buy now pay later (BNPL) services to consumers in the United Arab Emirates (UAE) and Saudi Arabia, is partnering with du, one of the main telecom operators in the UAE and part of Emirates Integrated Telecommunications Company (EITC), to offer BNPL solutions on device financing for its customers, which …