High profile guests and media gathered here at Beach Luxury Hotel earlier today to witness the unveiling of Nur-E 75, Pakistan’s first electric car prototype. Presented as a gift for Pakistan on its third silver jubilee, the car has been designed and developed by DICE Foundation, a US-based non-profit organization, run by expatriate Pakistanis from US, EU, etc. along with …

Emaar Properties PJSC (DFM: EMAAR) announced it would fully acquire Dubai Creek Harbour, the major development located along the historic Dubai Creek waterfront, from Dubai Holding for a consideration of AED 7.5 billion to be paid equally in cash and shares of Emaar Properties PJSC, thus making Dubai Holding the second largest shareholder of Emaar. Emaar recorded sales of AED …

Dubai Electricity and Water Authority PJSC (ISIN: AED001801011) (Symbol: DEWA), the Emirate of Dubai’s exclusive electricity and water services provider, which is listed on the Dubai Financial Market (DFM), reported its second quarter 2022 financial results, recording quarterly revenue of AED 7.01 bn and net profit of AED 2.61 bn. For the first half of 2022, DEWA’s revenue is AED 12.08 bn …

The country’s leading energy company and national flag bearer, Pakistan State Oil (PSO), celebrated 75 years of Pakistan’s Independence at PSO House, Karachi. On this momentous occasion, Managing Director & CEO, Syed Muhammad Taha hoisted the national flag, which was followed by the national anthem and prayers for the country’s prosperity and progress.  Mr Taha also planted tree saplings for …

Emaar Properties PJSC (DFM: EMAAR), announced good growth in first half profitability, underpinned by robust property sales and growth in the performance of recurring revenue businesses. This performance is testament to the continued confidence in Emaar’s brand and overall post-pandemic recovery of Dubai’s economy, led by the real estate market. Key performance highlights Led by robust performance of its core …

Executive Director Development Finance Group (DFG) Mr. Samar Hasnain has reiterated that the Mera Pakistan Mera Ghar (MPMG) Scheme is not shut down permanently and the government has decided to revise the features of the Scheme in light of changed macroeconomic situation. He was replying to the questions of anchor person in 7th Episode of SBP Podcast series. Mr. Hasnain …

The Board of Directors of Meezan Bank approved the financial statements of the Bank for the half year ended June 30, 2022. The meeting was chaired by Mr. Riyadh S.A. A. Edrees – Chairman of the Board, Mr. Faisal A. A. A. Al – Nassar – Vice Chairman of the Board was also present. The Board has approved an interim …

DUBAI/PUTRAJAYA: The Minister of Tourism, Arts and Culture YB Dato’ Sri Hajah Nancy Shukri has appointed Tan Sri Dr. Ong Hong Peng as the Chairman of Malaysia Tourism Promotion Board effective 4th August 2022, replacing Dato’ Seri Ramlan Bin Ibrahim. Tan Sri Dr. Ong Hong Peng began his service in the government sector as an Assistant Director at the Public Service …

EROS, a leading consumer electronics retailer, announced its annual Back to School (BTS) festival is back with exciting exchange program along with promotions /discounts across all their stores in the UAE and online. UAE residents/ students and educators can save at least AED 600 under the laptop exchange program, along with exchange programs on other lifestyle products, such as mobiles, …

Central Directorate of National Savings (CDNS) and Central Depository Company of Pakistan Limited (CDC) signed a Memorandum of Understanding for mutually collaborating to convert and issue National Savings Certificates (NSCs) in digital form to reduce physical process flows of different transactions and develop a systematic framework through which NSCs can be inducted into the Central Depository System (CDS). While addressing …