DUBAI: Foreign Direct Investment (FDI) from the UAE in to India is expected to jump manifold this year from US$675 million in 2016-17, with the latest US$1 billion investment by Abu Dhabi Investment Authority (ADIA), officials say. The UAE is the 10th largest FDI source market for India with cumulative FDI reaching US$4.76 billion in the last 17 years from April …

By Rafiq Vayani DUBAI: In the continued effort to achieve the vision of “UAE Centennial Plan 2071”, Emirates airline and a consortium of industry partners are announcing a partnership to build the world’s first sector-wide Experimental (X) Lab to co-create the next era of human transportation at Area 2071. The Aviation X-Lab is a historic effort to host airlines, manufacturers, ground …

KARACHI: Faysal Bank Limited (FBL) maintained profitability despite challenging business environment, low interest rates and below par stock exchange performance. FBL earned Pre-tax profit of Rs. 3.825 billion in first nine months as against Rs. 3.748 billion of corresponding year. Bank improved its margins by reducing cost of deposits and increasing its lending book. Recoveries of non-performing loans resulted in …

ABU DHABI: Emirates Aviation University (EAU) returns to NAJAH, the UAE’s leading Higher Education event, which was officially opened today (25 October) at the Abu Dhabi National Exhibition Centre. NAJAH provides the opportunity for students to meet and discuss their future career path with over 100 prestigious local and international colleges. EAU has been part of this event since 2010, …

LONDON: Young flyers will take just 49 minutes and 47 seconds to ask the dreaded, ‘’are we nearly there yet?’’ so with parents battling the boredom threshold, Emirates has teamed up with Dr Sandi Mann, a psychologist and boredom specialist at the University of Central Lancashire to find a solution. Dr Mann has worked with the airline to create the …

By Kamran Hashim / Rafiq Vayani KARACHI: Shoaib Khan dynamic CEO of Converge Engineering Services hosted a dinner at prestigious Karachi Gymkhana to honour  of Mohsin Shekhani, former Chairman of Association of Builders and Developers of Pakistan (ABAD) and Arif Jeewa current Chairman of along with current office bearers of ABAD. During the welcome speech Shoaib Khan very warmly welcomed …

MUSCAT: Mövenpick Hotels & Resorts’ Oman expansion strategy is gathering pace with the company revealing plans to operate its third property in the Sultanate’s capital, Muscat. The global hospitality company has inked an agreement with Oman’s Golden Group of Companies to manage the 370-key Mövenpick Hotel Muscat Airport, part of a new upscale mixed-use project under development near Muscat International …

LAHORE: Breakout, Pakistan’s fastest growing high street clothing brand has collaborated with Pink Ribbon the leading charity organization for the support of breast cancer patients in observance and support of breast cancer issue. October has been proclaimed as Breast Cancer Awareness month and Breakout is playing its role in helping the affected patients in this regard. The Pink Ribbon donation boxes …

LONDON: British Airways customers travelling between London and New York JFK, will get an even better night’s sleep in the sky as new bedding from The White Company goes on board from this week. Club World customers on the airline’s flagship route can now enjoy luxurious bedding and amenity kits from the iconic British retailer. The transformation of the airline’s business class is …

DUBAI / CANBERRA: Emirates has been working with Seeing Machines, an industry leader in computer vision-based technologies, to use advanced gaze tracking technology to better understand how pilots interact and monitor instruments during certain identified real-time procedures that could potentially pose safety risks. The findings will enable Emirates to enhance training for flight deck crew to prepare for a wide …