BIZ TODAY REPORT KARACHI: Meezan Bank, Pakistan’s leading Islamic Bank has been awarded as the global winner of ‘Best Islamic Retail Bank’ for 2017 by Islamic Finance News of REDmoney Group, Malaysia. This is the second time that the Bank has received this recognition at the global level. The Bank has also been honoured with the coveted accolade of ‘Best …

KARACHI: SaudiGulf Airlines, the new full-service national carrier of Saudi Arabia owned by Abdulhadi Al Qahtani and sons holding company (Tareq Al Qahtani and Brothers) – is pleased to announce the start of its operations to four destinations in Pakistan as part of its international route expansion program. Emphasizing on the pivotal role of travel trade in maintaining the relationship …

GUANGZHOU: GAC Motor, China’s fastest-growing automaker, will present its elite vehicle lineup featuring its existing sedan, SUV, minivan and NEV at the 2018 North American International Auto Show (NAIAS), which demonstrates the brand’s sincerity and determination to enter the North American market. A brand-new sedan model and a concept car will also make their world debuts on GAC Motor’s press conference which …

DE KOCK REFLECTS ON ‘WONDERFUL’ ARCHIPENKO Thoroughbred racing and breeding enthusiasts lost a fan favourite last month when international star Group 1 winner Archipenko died of an aggressive form of lymphoma at the age of 13. A barn favourite, the son of Kingmambo was trained by Mike de Kock and spent two seasons in his Dubai yard, as well as traveling the …

KARACHI: Pakistan Telecommunications Company Limited (PTCL) reaches yet another milestone in Digital Services as itattainsPayment Card Industry Data Security Standard (PCIDSS)certification v3.2 for its Infrastructure-As-A-Service (IaaS) offering – PTCL Smart Cloud.  PCI DSS certification is a landmark achievement for PTCL Smart Cloud services, which assures maximum security compliance as per international standards. Pakistan’s First SDN-enabled cloud infrastructure is now the …

LAHORE: Afkar-e-Taza’s Thinkfest 2018 all set to take place on 13th-14th January at Alhamra Arts Council, Mall Road, Lahore. The Afkar-e-Taza Thinkfest realizes the vision of Iqbal, the aspirations of Jinnah, and the hopes of millions of Pakistanis in establishing a space for creative thinking, robust discussion and innovative ideas. It will bring together distinguished academics, writers, poets, artists, analysts, …

DUBAI: The eagerly awaited 2018 Dubai World Cup Carnival gets underway at Meydan Racecourse on Thursday evening with a star-studded seven-race card highlighted by the Al Maktoum Challenge Round 1 for both Thoroughbreds and Purebred Arabians, each over 1600m on the dirt and upgraded Singspiel Stakes (G3). Eight have been declared for the Thoroughbred Group 2 Al Maktoum Challenge R1 Presented by …

ABU DHABI: Etihad Aviation Group (EAG) yesterday confirmed the appointment of Mark Powers as its new Group Chief Financial Officer. Mr Powers will join EAG in January 2018. In his new role, Mr Powers will be responsible for the finance function across the Abu Dhabi-based group’s five divisions, which comprise UAE national airline Etihad Airways, Etihad Airways Engineering, Etihad Airport …

By Rafiq Vayani DUBAI: The number of Russian tourists travelling to the GCC in 2020 is expected to be 38% higher than the arrival figures recorded for 2016, according to data published recently by Arabian Travel Market 2018, which takes place at Dubai World Trade Centre from April 22-25, 2018. Looking at the economic drivers, the value of the Russian …

LAHORE: The local home appliance manufacturer giant recently celebrated its first anniversary as a subsidiary of Arçelik – A global leader in the home appliances industry. In the first year of its integration, Arçelik has invested heavily in the industry, and prepares to do the same in the coming years, especially in the R&D department. Arçelik intends to share its …