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News

Nestlé reports H1 sales for 2022

By editor
July 28, 2022 UTC
in :  Business & Finance, News

Nestlé Pakistan reported its financial results for the first half of the year, posting a revenue of PKR 80.4 billion, an increase of 22.2% compared to same period of last year. The results were announced during a board meeting at the Company’s Head Office. The growth was broad based, driven by normalization of economic activities coupled with incremental sales volume …

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Etihad Airways soars to record-breaking first half profit as transformation pays off

By editor
July 28, 2022 UTC
in :  Business & Finance, News, Travel

Etihad Airways today announced its financial and operating results for the first half of 2022, posting a record-breaking core operating profit of US$ 296 million (H1 2021: US$ 392 million loss). This result was achieved despite fuel costs increasing by almost 60% in comparison to the same period last year. Etihad carried 4.02 million passengers in H1 2022, over 3 million more …

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Union Coop delegation visits ‘Bustanica’

By editor
July 28, 2022 UTC
in :  Business & Finance, News

A delegation from Union Coop organized an official visit to the largest vertical hydroponic farm in the world, ‘Bustanica’, which was recently opened by Emirates Flight Catering in Dubai. The visit was in the interest of the cooperative to provide the best and finest types of Agricultural produce from vegetables and fruits to consumers by establishing contracts with various sources …

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Alkaram joins hands with ABHI to offer Earned Wage Access to all its employees

By editor
July 28, 2022 UTC
in :  Business & Finance, News

Alkaram, one of the biggest names in Pakistan’s textile industry, is partnering with ABHI, Pakistan’s first financial wellness platform, to offer its employees the facility of Earned Wage Access.  ABHI’s goal is to provide financial wellness services to all employees in Pakistan, giving them the ability and freedom to access their earned but unpaid salaries, so they don’t have to …

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Prince Mohammed Bin Salman Nonprofit City announces new central zone, Al Mishraq

By editor
July 28, 2022 UTC
in :  Business & Finance, News, World

Prince Mohammed Bin Salman Nonprofit City has announced the commencement of construction of Al Mishraq, the City’s central zone where businesses and residents will flourish. Al Mishraq will be the City’s second largest zone, spanning 680,000 square meters. It will become a diverse, vibrant hub connecting the City with social activities and dynamic workplaces. Residential areas, public amenities, and flexible …

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M&S Food makes ‘Back to School’ prep as easy as 1,2,3

By editor
July 28, 2022 UTC
in :  Business & Finance, News

School season is almost here! After a long day’s work and a hectic school run, parents can always count on Marks & Spencer, operated by Al-Futtaim Group to provide healthy, fuss-free and delicious food to keep everyone smiling. Breakfast of (mini) champions For breakfast, tick off the kids’ 5-a-day before they’ve even left the house! Try the Mango, Passionfruit & Pineapple …

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PSX and Meezan Bank signs MoU to offer Shariah-Compliant trading platform for RDA clients

By editor
July 27, 2022 UTC
in :  Business & Finance, News

Pakistan Stock Exchange (PSX) and Meezan Bank Limted, Pakistan’s leading Islamic bank, signed an Agreement whereby PSX, in collaboration with the Bank, will provide a dedicated shariah- compliant trading platform for Roshan Digital Account (RDA) clients. This will facilitate investors who are focused on investing in shariah approved securities. The Agreement was signed by the MD & CEO PSX, Mr. …

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3M appoints Head of Government Affairs for Saudi Arabia

By editor
July 27, 2022 UTC
in :  Business & Finance, News

RIYADH: In line with its strategic business plans,3M (NYSE: MMM) today announced the appointment of Shrook Mansour Bin Sultan as Head of Government Affairs in the Kingdom of Saudi Arabia. Bin Sultan will drive 3M’s public policy initiatives including engagement opportunities with government entities to support the Kingdom’s policymakers on regulatory matters. Working together with 3M’s senior leadership team, Shrook will support …

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Emirates Airline expands its Tel Aviv schedule with second daily flight

By editor
July 27, 2022 UTC
in :  Business & Finance, News, Travel, World

DUBAI: A little over a month since it inaugurated its first flight, Emirates has announced plans to boost connectivity and increase travel options for customers flying between Dubai and Tel Aviv with a second daily flight, starting 30 October 2022.  The additional morning frequency is in response to high demand for travel to/from Israel, and builds on the success of Emirates’ …

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Ufone 4G supports livelihoods of local community in Murree

By editor
July 26, 2022 UTC
in :  Business & Finance, News

Pakistani telecom company, Ufone 4G has donated pushcarts and food stalls to local community members in Murree to help them earn a decent livelihood for themselves and their families. The initiative is an extension of Ufone 4G’s Corporate Social Responsibility programme, designed to create a shared impact for society. Station Commander Murree handed over the pushcarts and food stalls to …

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